The movement behind Avante Price and Eli Taylor-Lemire’s POSH has yet to lose steam. In April 2023, the co-founders and event planning professionals shared with AFROTECH™ their unified mission for the live events platform. “ POSH was born to democratize the ability for any fan with a passion for live events to get involved in the space with as little friction as possible,” Price, co-founder and CEO of POSH, told AFROTECH™. “ Simply put, our mission is to democratize the ability for anyone to earn capital through live experiences.” POSH raised $5 million in a seed round in 2023, as previously reported by AFROTECH™. New investors are now joining in on its movement to disrupt event management. POSH has raised $22 million in a Series A round, Forbes reports. The round was led by Goodwater Capital, and additional investors included FirstMark Capital, Companyon Ventures, and Epic Ventures. In addition, Day One Ventures was an existing investor. “We believe that the next social platform...

Snap is looking to support Black talent on their journey toward securing the bag. During VidCon 2022, the social platform announced a new accelerator program for emerging Black creators, TechCrunch reports. Under Snap’s 523 initiative, 25 program selectees will be paid $10,000 monthly for a year — totaling $120,000. The $3 million funding is intended to help Black creators thrive on social media through their platform. In addition, Google Pixel, UNCMMN, and Westbrook Media have hopped on board to partner with the new program. “Black creators face unique systemic barriers across the creator industry — from disparities in compensation and attribution, to toxic experiences and more,” the company wrote in a press release, according to the outlet. “We believe one of the ways we can help remove some of those barriers is to provide mentorship and financial resources to emerging Black creators in the early stages of their professional career.” 523 launched in December 2021 as a move to...