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black-owned businesses

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VC Funding To Black-Founded US Startups Reportedly Hit $705M In 2023 — The First Time The Number Fell Short Of $1B Since 2016

The state of venture capital (VC) funding for startups in the United States paints a concerning picture for Black entrepreneurs.

Michelle Burk

Feb 29, 2024

Washington D.C.'s Only Black-Owned LGBTQ+ Lounge Is Committed To More Inclusive Spaces For Local Residents And Beyond

Thurst Lounge, Washington D.C.’s new and only Black-owned LGBTQ+ lounge, celebrated a successful grand opening by announcing exciting plans for the future.

Michelle Burk

Jan 23, 2024

5 Black-Owned Businesses In Brooklyn, NY That You Should Support

As summer 2023 is coming to an end, so is AFROTECH Executive. On Sept. 22, the multi-city series is making its last stop in Brooklyn, NY at The William Vale. The event will feature conversations with Arian Simone, co-founder and CEO of Fearless Fund, Abim Kolawole, chief audit executive at Northwestern Mutual, Wemimo Abbey, co-founder and co-CEO of Esusu, and more. Closing out the event, there will be a networking reception presented by Remitly. To secure last-minute tickets, click here. While you’re in the city of Brooklyn, below are Black-owned businesses to pay a visit to.

Ngozi Nwanji

Sep 21, 2023

Fifteen Percent Pledge Could Potentially Shift $14B To Black Entrepreneurs And Businesses, Report Says

In 2020, Aurora James shook up the business world with a disruptive idea. As previously reported by AfroTech, the designer founded the Fifteen Percent Pledge following the murder of George Floyd to demand corporations to commit 15 percent of their shelf space to Black-owned businesses. Now, nearly three years later, it appears that James’ call for action has paid off.

Ngozi Nwanji

Jun 21, 2023

Kevin Hart's Gran Coramino Tequila Brand Awards $500K To Black And Latinx Small Businesses

Kevin Hart has blessed several entrepreneurs with grants to help their businesses thrive!

Shanique Yates

Jun 5, 2023

IMG Health Clinic Founders Say Despite 8-Figure Success, Access To Funding Is Hard When VCs Deem Them 'Not Investable'

Securing funding for a Black-owned business is an uphill battle, even when the company has reached massive success.

Shanique Yates

Apr 11, 2023

Amazon Handed 'Black-Owned' Small Business Badges To Non-Black Companies, Report Says

Amazon has found itself in a messy mistake involving Black-owned businesses .

Ngozi Nwanji

Apr 5, 2023

Miiriya Claims 'A Lot' Of Multi-Millionaires Tried To Buy The Black Business Marketplace But Wanted To Change Its Mission

Following its launch, Miiriya has become well-known for keeping people informed about all things related to Black-owned businesses. Now, it appears the beloved marketplace is coming to an end.

Ngozi Nwanji

Jan 27, 2023

Ludacris Hopes Making Music For Brands Allows Fans to 'Know And Love' The Real Him

Ludacris is no stranger to making boss moves. From Disturbing Tha Peace Records to Karma’s World Entertainment and The Ludacris Foundation, the hip-hop mogul has solidified his place as arguably one of the best emcees to come out of the South, while handling business every step of the way. Ludacris, whose given name is Christopher Bridges, is among the class of musicians who have been able to show versatility across several industries. His work as a businessman, actor, lyricist, and the list could go on, made him the perfect match for Google’s latest initiative to support Black-owned businesses ahead of the holiday season.

Shanique Yates

Nov 17, 2022

The Men Behind FLOURYSH Team Up With Shopify To Provide Free Resources To One Million Black-Owned Businesses

FLOURYSH is kicking off Black Business Month in the best way! View this post on Instagram A post shared by [FLOURYSH™] (@weflourysh)  

Ngozi Nwanji

Aug 3, 2022

PepsiCo Foundation, National Urban League Commits $10M To Help Black-Owned Restaurants Thrive

The PepsiCo Foundation and the National Urban League are taking the mantra of “support Black-owned businesses” to the next level. The two organizations have partnered to create the Black Restaurant Accelerator Program (BRAP)  — a $10 million commitment to help Black-owned restaurants be profitable and thrive — BET reports.

Ngozi Nwanji

Jun 14, 2022

Black Wall Street: A Lesson In Building Off Our Legacy

This past weekend, I got to celebrate my daughter’s birthday. When she was born 17 years ago on May 31, it never occurred to me that her connection to such a dark day in our country’s history would later serve as a beacon of light for building our family’s legacy and make her a driving force in my own career trajectory years later. Known as the Tulsa Massacre, the events of May 31, 1921, arguably encompass the most devastating atrocities of injustice we as Black Americans have endured in this nation’s history, shaping the future of our families for generations to come. It is on this day that a symbol of economic hope and success for Black communities in the United States came to an end when within hours, a white mob turned three square miles of a vibrant Black community into ashes, with more than 300 Black people killed and over 1,000 homes and businesses looted and set on fire. The Tulsa Massacre would set in a wave of fear and a warning for Black communities across the country for...

Tanya Van Court

May 31, 2022

E-40 Announces Goon With The Spoon's '100 Percent Black-Owned' Ice Cream

E-40 is building a business empire for himself. Apart from having his own wine line — Earl Stevens Selections — the rapper fulfilled his lifelong dream of entering into the food industry with the launch of his food brand Goon With The Spoon, which includes gourmet meat products. As previously reported by AfroTech, the variety of sausages offered are in partnership with Justin Kinder of Kinder’s Meats. At the time of the announcement in October 2021, E-40 shared that the launch was only the beginning and more things were on the way. In a recent Instagram post, the businessman has kept his promise. After teasing the idea during Good With The Spoon’s initial rollout, ice cream is officially one of its new products. “Expanding the brand with Goon With The Spoon & getting into the ice cream game! 100 percent, Black-owned !” the West Coast Hip-Hop legend shared in his Instagram post’s caption. View this post on Instagram A post shared by E40 Mogul 🥂🎩 (@e40) When taking a look at the photo...

Ngozi Nwanji

Apr 1, 2022