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The natural hair movement in Black haircare is exploding, and Black-owned, community-focused natural hair care company Mielle Organics has been at the center of it since launching in 2014. This week, the brand announced that Boston-based firm Berkshire Partners has made a significant investment in the company that will help finance its future growth plans and continue the brand’s mission to “educate, empower, and excite Mielle’s customers and the broader hair care community,” a press release shares. “We are honored to invest behind Monique and Melvin and in Mielle,” Berkshire Partners Managing Director, Marni Payne said in a statement. “Mielle is an extraordinary business, but importantly has a larger purpose: to excite, empower and serve the community. Monique and Melvin have built this business from the ground up; we share their vision and are excited to support them as they continue their journey of growth and community.” According to a press release, the new investment will also...
Over the past few months, organizations across industries have come together to brainstorm ways they can pool their resources to uplift and support Black and brown entrepreneurs. This week, Black Innovation Alliance — an entity comprised of support organizations that serve Black innovators — and VC firm Village Capital announced the launch of a new initiative called Resource, a nationwide effort that strives to amplify entrepreneur support organizations (ESOs) that are led by and focused on founders of color, TechCrunch reports. Resource — a coalition made up of companies like Moody’s, The Sorenson Impact Foundation, Travelers and UBS — is supported by a national coalition of funders that are dedicated to entrepreneurs of color. According to TechCrunch, the initiative’s mission is to lend support to local accelerator programs and incubators to build a healthy, flourishing ecosystem of leadership with Black and brown founders helming it. “We want to make sure that those accelerators...