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Black-Owned Cocktail Company Receives $5M Investment From Fellow BIPOC-Owned Company Uncle Nearest Premium Whiskey

In an effort to diversify the cocktail sector, Hella Cocktail Co. has received $5 million in funding. Hella Cocktail Co.

Jun 14, 2022

How Seed At The Table's Suzen Baraka And Morgan Means Are Helping BIPOC Entrepreneurs Widen Their Capital Pool

What oftentimes stands between an entrepreneur’s innovative idea and the act of them starting a business is the lack of funding — especially for Black and brown communities. Seed At The Table is an equity crowdfunding platform that’s working to bridge such funding gaps while empowering Black, Indigenous, People of Color (BIPOC) entrepreneurs. As previously reported by AfroTech, the initiative not only helps provide Black and brown entrepreneurs with access to capital, but also allows non-accredited investors to invest in businesses that are founded by those who look like them. “Prior to the pandemic, BIPOC-owned businesses were already the least likely to receive access to capital,” Seed At The Table co-founder Suzen Baraka told AfroTech. “When they went out for funding, they were either denied or they received less than what they needed in order to start up. I think that’s why Seed At The Table is necessary because we are a team of subject matter experts in our respective...

Nov 8, 2021

'Claima Stories with Bimma' And Vistaprint To Provide $250K To BIPOC Small Businesses

Claima Stories — the podcast committed to telling stories about careers of BIPOC creatives– is putting its money where its mouth is! Claima (which is short for “claim a seat at the table”) Stories has been committed to addressing the disparities of BIPOC-youth in creative industries. Now they have partnered with Vistaprint to provide $250,000 in funding to Black, Indigenous, people of color (BIPOC) behind small businesses that have been affected by the COVID-19 pandemic. According to information provided to AfroTech, when it comes to those creative industries, it has been estimated that during the pandemic, more than 2.7 million jobs were lost with an additional loss of over $150 billion in sales of goods and services for the industry nationwide. This represents nearly a third of all jobs within the creative industries which include art, fashion, film, sneakers, and more. The multi-dimensional partnership is a part of 99 Days of Design, a 99designs by Vistaprint initiative that was...

May 12, 2021