Raising $4.25 million, co-founders Jasmine Shells and Denise Umubyeyi are two of 250 Black women to raise more than $1 million in venture capital. According to a press release shared with AfroTech, their software company Five to Nine closed a seed round led by Black Ops Ventures with participation from Slack Fund and Cleveland Avenue. To date, Five to Nine has raised $5.75 million with the help of recurrent investors such as Mike Gamson, Sterling Road, and Concrete Rose Capital. The funding will expand its product and engineering teams, strengthen its sales capabilities, and launch new customer solutions.
Jun 8, 2022