Both a billion-dollar multinational company and a leading Black VC firm are betting on a fintech startup that may be the future of payments in Africa.
May 2, 2023
A leading Black firm in venture capital is working with one of today’s top Black founders. According to a press release, Base10 Partners and Robert F. Smith’s Student Freedom Initiative have joined to provide Historically Black Colleges and Universities (HBCUs) with more access to venture capital.
Jun 15, 2022
Inequities in funding for Historically Black Colleges & Universities (HBCUs) has been a deep-rooted issue in the American education system for decades. While the venture capital industry has vowed for years to invest in more Black and people of color, Silicon Valley venture capital (VC) firm Base10 Partners is following through on that promise with a unique initiative bridging the gap between VC and higher learning. A press release reports that Base10 Partners announced the raise of a $250 million fund for an initiative known as the Advancement Initiative — which aims to invest in tech companies and then take a portion of the profit from the fund and donate it to HBCU endowments and student scholarships. Base10 will reportedly create scholarships in the name of each of its portfolio companies to then fund the education of HBCU STEM students. Since debuting this past March, the fund has already completed eight investments in several tech startups, including Attentive, Nubank, Brex,...
May 28, 2021
In the face of the world’s most devastating health crisis, millions of people and businesses crumbled under the detrimental hits from the economy. To top it off, racial and gender inequality issues have surfaced at the forefront of world issues increasing the pressure of our social responsibilities. To help mend the damage done to American citizens and small businesses, Base10 Partners — the world’s largest Black-led VC firm — has announced that they’ve just raised $250 million to commit their efforts to promote more Black representation in the corporate world, The Moguldom Nation reports . The Base10 Fund II supports the firm’s initiative to invest in tech companies who are committed to working with underserved communities, governments, and real economy companies, according to Managing Partner, Adeyemi Ajao. In a Medium post, Ajao stated that the increased fund brought their attention to two things. One of those things involves what “Automation for the Real Economy” really means....
Jun 30, 2020