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Black Tech Nation Ventures (BTN.vc) has recently received new funding to further champion Black tech entrepreneurs. As previously reported by AfroTech, the VC fund’s mission is to invest in Black and diverse-led startups across the nation. To continue doing just that, F.N.B Corporation is making a $2.5 million equity commitment to BTN.vc, according to The Business Journal. “We are happy to be in partnership with FNB and appreciate their commitment to support Black Tech Nation Ventures’ mission to democratize access to VC capital and generate wealth for marginalized communities,” founding partner of BTN.vc Kelauni Jasmyn said, according to the outlet. As aforementioned by Jasmyn, the corporation’s funding “advances the company’s efforts to encourage growth in low– to moderate-income and marginalized communities.” “Black Tech Nation Ventures has a proven leadership team and a mission that aligns with our own focus on providing resources for diverse communities,” said Vincent J. Delie...
Earlier last week, the unprecedented announcement of Black Girls Code CEO and founder Kimberly Bryant being removed as the nonprofit’s head came in as a shock to the tech community. Kimberly Bryant alerted the public about the breaking news with a “press release” on Twitter. “Press release: So it’s 3 days before Christmas and you wake up to discover the organization YOU created and built from the ground up has been taken away by a rogue board with no notification,” Bryant wrote via Twitter. Press release: so it’s 3 days before Christmas and you wake up to discover the organization YOU created and built from the ground up has been taken away by a rogue board with no notification. VC: @BlackGirlsCode — kimberlybryant.eth (@6Gems) December 21, 2021 The tweet caused an uproar from her counterparts and followers who wanted to learn more details of the indefinite suspension and how to support Bryant. Recently, Bryant shared a statement with TechCrunch to further clear the air.