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Latest Articles

After Birthing Twins, Founder Jade Kearney Dube Has Raised $2M To Help Mothers Identify Concerning Symptoms During Postpartum

After birthing twins, Jade Kearney Dube developed a tool to advance her efforts in the maternal health sector. As AFROTECH previously mentioned, Kearney Dube founded digital health platform She Matters after feeling “invisible” in the healthcare system during postpartum. The platform requires professionals working with Black mothers to complete cultural competency training. In 2023, Kearney Dube was faced with another epiphany after being dismissed from the hospital after giving birth. At home swollen, with two babies who were just 5 days old, she was simply given a magnet to place on her refrigerator to help her determine if her blood pressure was high. She recognized this was an issue. “You can be a culturally competent physician and healthcare network and give all the resources, but once the mom leaves, she’s gone, right?” Kearney Dube told AFROTECH in an interview. “I’m on the third floor, and I have kids all around me. There needs to be something that’s on my body that can tell...

Samantha Dorisca

Feb 20, 2024

Grammy Award-Winning Audio Engineer Derek 'MixedByAli' Ali Raises $7.5M For His Music Tech Startup EngineEars

Derek “MixedByAli” Ali has a decade of experience in the music industry and remains dedicated to enhancing the field. Forging A Lane In Music Fresh off a recent Grammy win, the 33-year-old recording and mixing engineer, who has stamped his name alongside hit records such as “The Box” by Roddy Ricch, “This Is America” by Donald Glover, and Kendrick Lamar’s “Alright” and “Humble,” was not raised with a musical background or training. Growing up with severe ADHD, he began to tinker with remote-controlled cars and computers and became fascinated with their functionality. When he learned he could experiment with music, it birthed a new passion. “I started in high school — making ringtones. I was a hustler when I was playing football. I found out how to crack the Nextels and Boost Mobile chirp phones and put real songs on there rather than the model ringtones that were out during that time,” Ali told AFROTECH. “I would have friends come over after football practice and come record and put...

Samantha Dorisca

Feb 20, 2024

This Nigerian Founder Has Raised $1M In Pre-Seed Funding For His Edtech Startup That He Began Building At Age 18

Persevering after a tragic event led this Nigerian founder to build a company from the ground up that fills a gap in the edtech market.

Ngozi Nwanji

Feb 9, 2024

Tiger Woods Says New Program Allowing PGA Tour Players To Collectively Access Over $1.5B In Equity Is 'Sports History'

Tiger Woods, famed golfer and PGA Tour Players board member, discussed plans for major changes in the world of professional golf.

Michelle Burk

Feb 7, 2024

Black Founders Snag $300K From Mark Cuban And Michael Rubin For Their AI Startup, Which Helps Users Create Bots To Secure Concert Tickets And More

This company is trying to bring hope to consumers thanks to the help of its bots. Bot-It Founder Maurice Bachelor is behind a platform that allows users to develop their own online bot, regardless of their knowledge in coding, Eqvista reports. Bachelor conceived the idea after seeing a friend struggle with completing an online task. He then surfed the internet for a solution, knowing an automated bot would lessen the burden. However, he recognized there was a gap in the market and believed he could create a solution. “I saw a big opportunity for consumers to start automating. So I started to build out the proof of concept for Bot-It,” Bachelor told Eqvista. “I wanted to build an affordable web and mobile application where you could simply tell the system what website you want to automate and the system would handle the rest. That is how Bot-It was born.” According to the platform’s website, beginning at a price point of $9.99 per month, users can create a bot to complete tasks that...

Samantha Dorisca

Feb 6, 2024

Mastercard Buys A Minority Stake In The Fintech Division Of MTN Group, Africa’s Largest Cell Phone Provider

Mastercard has purchased stake in MTN Group’s fintech division, Africa’s largest mobile network operator. In August 2023, TechCrunch reported Mastercard was looking to invest in MTN Group. Six months after the initial announcement, both parties have moved forward with an agreement during a time when MTN Group is looking to expand its reach in the fintech space, according to ITWeb. The move would be timely for MTN Group as it was searching for investors after parting ways with the carrier’s main telecom business. The outlet also notes Mastercard is looking to accelerate MTN Group’s technology and infrastructure and establish greater financial inclusion in the continent. MTN Group had reached over 290 million subscribers by the end of June 2023, and its transaction volume had reached $8.3 billion in the first half of 2023. “This commercial relationship is a key enabler for the acceleration of our fintech business’ payments and remittance services,” the company said, per ITWeb. “MTN...

Samantha Dorisca

Feb 6, 2024

Rilwan Lawal’s GigEasy Secures $1.3M In Pre-Seed Funding To Help Ensure That Those Taking Part In The Gig Economy Have Benefits

Rilwan Lawal is enhancing the lives of gig workers. Growing up in Lagos, Nigeria, since the age of 1, the entrepreneur and founder was accustomed to self-starters. Both his mother and father were entrepreneurs who owned several businesses. “I don’t think I grew up seeing anyone around me waking up and getting ready to go to work,” Lawal, 33, told AFROTECH in an interview. “I feel like everybody around me had their own thing going on. And it was ingrained in me that at some point, I would be doing something on my own.” He added, “My mom is the ultimate entrepreneur. I witnessed her start multiple businesses and saw it come to fruition. That has been very helpful. My dad was also an entrepreneur in the real estate space. So just seeing both sides, and being able to execute on just an idea and bring it to life, really gave me that positive thinking that I could essentially just do anything.” When Lawal was 17, he left his family to pursue higher learning in the United States. He was...

Samantha Dorisca

Feb 2, 2024

Sisters-Turned-Co-Founders Raise $2.4M For Their Health Tech Startup To Improve Pre- And Postnatal Care For Black Women

After raising $2.4 million in a pre-seed round, Aster, a company co-founded by sisters Fifi Kara and Dr. Lailah Kara-Newton, will continue transforming prenatal and postnatal care nationwide.

Michelle Burk

Feb 1, 2024

Game Publisher And Digital Commerce Platform Carry1st Becomes The First Investment To Come Out Of The Sony Innovation Fund In Africa

Sony is betting big on Africa’s video game industry. According to a press release, Carry1st — an African game publisher and digital commerce platform established in 2018 by Cordel Robbin-Coker, Lucy Hoffman, and Tinotenda Mundangepfupfu — has scored a financial commitment from the Sony Innovation Fund, the venture capital arm of Sony Group Corporation. This follows nearly nine months of conversations between Robbin-Coker and the Sony Innovation Fund: Africa, per CNBC. Furthermore, this is the firm’s first investment in Africa and a strategic move as Sub-Saharan Africa’s gaming industry is projected to earn more than $1 billion in 2024, according to data from Newzoo and Carry1st shared in the press release. “We are excited to welcome Carry1st as our first investment in Africa,” said Antonio Avitabile, Managing Director – EMEA, Sony Ventures Corporation, in a news release. “We believe there is tremendous untapped potential for the gaming market in Africa, which we hope to experience...

Samantha Dorisca

Feb 1, 2024

Grant Hill Joins An Ownership Group To Purchase The Baltimore Orioles For A Stake Valued At $1.7B

Former NBA star Grant Hill is looking to become an owner in a new league. Hill, who currently is a team owner of the Orlando City Soccer Club and the National Women’s Soccer League’s Orlando Pride in Florida alongside his wife, Tamia, has joined an ownership group to purchase MLB’s Baltimore Orioles, ESPN reports. The group is led by billionaires David Rubenstein and Mike Arougheti and also includes baseball Hall of Famer and former Orioles player Cal Ripken Jr., former New York City mayor Michael Bloomberg, former Baltimore, MD, mayor Kurt Schmoke, and entrepreneur Michele Kang. According to a news release, the transaction was approved by majority owners, the Angelos family, as they agreed to sell their controlling stake in the team for $1.73 billion. Club Chairman John Angelos will remain as a senior adviser, per ESPN. NEWS: The Baltimore Orioles are being sold to a group led by billionaire David Rubenstein for $1.725 billion. The investors include Orioles legend Cal Ripken, Jr.,...

Samantha Dorisca

Feb 1, 2024

Real Estate Investor Cheick Sanankoua Buys A Stake In Racing Club, D'Abidjan, As A Part Of A '$50 Million Investment Push Into African Sports Over The Next Three Years'

Real estate investor Cheick Sanankoua is investing in African sports. Sanankoua, former Merrill Lynch analyst and Helios Investment Partners investment adviser, is the founder and chairman of Omega Sports Holding LLC, a private investment firm that launched in 2022 alongside Jean-Luc Agboyibo (CEO) to disrupt the sports industry. According to his Bloomberg, the firm is looking to fulfill a “ $50 million investment push into African sports over the next three years.” “We are coming in at an early investment stage, with a plan to bring more institutional investment into African sports and to try and create a bigger economy around the sector,” said Sanankoua, 40, according to Bloomberg. The outlet reports Omega Sports Holding previously invested in Abidjan Basketball Club. Now, the firm has signed off on a second deal, purchasing minority stake in Racing Club d’Abidjan. The Ivory Coast-based team, founded in 1948, is a partner club of OGC Nice, which is owned by billionaire Jim...

Samantha Dorisca

Jan 30, 2024

Saalex Corp Acquires Spalding Consulting For $75M To Expand IT and Software Footprint

Saalex Corp., an engineering and informational technology services firm, is expanding its influence in the defense sector. According to a news release, the company has acquired Spalding Consulting — a software development, information technology (IT), and engineering services provider in the defense sector — for $75 million. The move is expected to accelerate Saalex Corp.’s annual revenue, which is now projected to be more than $175 million. “We’re starting off 2024 with great success,” Travis Mack, chairman and CEO of Saalex, said on LinkedIn. The acquisition brings significant rewards for Saalex, per the press release, as the company is now poised to see expansion and increase opportunity in the sector through Spalding’s clientele and 430 trained professionals boosting its number of employees to more than 1,200 across the United States. Additionally, Saalex’s visibility will increase in the East Coast region as it will be serving a key customer located at the Naval Air Warfare...

Samantha Dorisca

Jan 26, 2024

Russell Westbrook Invests In Arizona Athletic Grounds To Improve Basketball Programming And Bring Resources To At-Risk Youth

Russell Westbrook’s passion for sports is spilling into the investment arena. According to a press release, the Los Angeles Clippers player is investing in the 320-acre sports complex Arizona Athletic Grounds, previously known as Bell Bank Park and Legacy Sports Park, in Mesa, AZ. Per the Phoenix Business Journal, it is not clear how much stake Westbrook acquired in the deal. Arizona Athletic Grounds caters to the youth and adults offering various athletic programming and events throughout the year. The facility offers eight baseball and softball fields; 19 basketball courts; 24 soccer fields, football and lacrosse fields; 57 indoor volleyball courts; 12 beach volleyball courts; 41 pickleball courts; 22 futsal courts; a 14,000-square-foot performance center; and an array of festival fields. Its diverse sports offerings draw more than 4 million annual visitors per year. Looking ahead, Arizona Athletic Grounds leaders hope to accelerate their basketball programming with the help of...

Samantha Dorisca

Jan 25, 2024

Meet Olamide Olowe, The Founder And CEO Who Raised Over $14M In Funding Before Age 26 For Her Viral Topicals Brand

If you’re active on social media, you’ve more than likely come across one of Topicals’ products. For one of its latest popular social marketing campaigns, the skincare company partnered with Black influencers for a brand trip to Ghana for “Detty December,” a time when people travel to Nigeria and/or Ghana to celebrate the holiday season. @topicals 10s across the board. #topicalsgonetoghana #freetheyouth ♬ original sound – ROMAN ZOLANSKI

Ngozi Nwanji

Jan 23, 2024