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Dr. Rashae Barnes Creates Fund For Black Women, Spurred By Her Past Struggle To Fund Her Own Businesses

Dr. Rashae Barnes is a former classroom teacher and celebrity publicist who has taken her purpose of teaching to another industry.

Ngozi Nwanji

Mar 2, 2023

This Founder Created Maternal Health Platform Wolomi So Black Mothers Will Have A Better Chance At Surviving Childbirth

Black women deserve to have a healthy and safe pregnancy journey. This is why Layo George started Wolomi, a maternal health platform that provides community and helps mothers explore the healthcare system.

Samantha Dorisca

Sep 14, 2022

Why Cameron Johnson Built Nickson, The 'Uber Of Furniture' That Does All The Work So You Won't Have To

Cameron Johnson remembers being stationed every few years during early childhood. Therefore, he understands the stresses and challenges that come with new beginnings firsthand. He eventually learned how to make any new place feel like home. Now, Johnson wants to alleviate the pressures of a fresh start through Nickson. Founded in 2017, the “Uber of furniture” does all the work so you don’t have to. Courtesy of Nickson “The idea was to help people and empower their fresh start. Life is hard and a place to call home should be easy, so that has been our ethos since day one,” Johnson told AfroTech exclusively.

Samantha Dorisca

Aug 9, 2022

Atlanta Restaurant Owner Chad Dillon Introduces Pitch Competition To Help Currently Incarcerated Convicted Felons

Convicted felons in Atlanta, GA, will now have a chance at a new start, thanks to the efforts of entrepreneur Chad Dillon.    

Samantha Dorisca

Jul 25, 2022

Anheuser-Busch Foundation Donates $200K To UNCF To Help HBCU Students Graduate

Thanks to this partnership, students will receive funding to ensure they will reach the finish line at their university. According to a press release, the Anheuser-Busch Foundation has donated $200,000 to the United Negro College Fund (UNCF) for the second year in a row. The investment will allocate up to $2,500 for students attending Historically Black Colleges and Universities (HBCUs) who need funding to fulfill their degree requirements. In 2021, 69 students were awarded financial assistance to walk across the graduation stage. “I would like to sincerely thank UNCF and Anheuser-Busch Foundation for the scholarship which enabled me to become a LeMoyne-Owen College graduate,” said Braxton Miller, a biology major at the college, in a statement. “I want to truly thank UNCF and Anheuser-Busch. You saved me when I had to pay for not one but two courses I had to take. You truly and honestly blessed me,” James Wilson, a Benedict College graduate who majored in criminal justice...

Samantha Dorisca

Jun 14, 2022

Team Of Howard University Students Win $1M Grand Prize At Goldman Sachs Competition

Five Howard University students have secured a $1 million cash prize.  

Samantha Dorisca

May 26, 2022

Apple Pumps $25M Into Oakland FinTech To Financially Empower Underserved Communities

To empower communities of color, Apple has committed $25 million to credit unions and financial institutions, which it will deploy through CNote, a women-led impact investment platform. CNote is thrilled to work with @Apple to expand access to capital in communities of color across the country! — CNote (@goCNote) May 5, 2022

Samantha Dorisca

May 5, 2022

HBCU Professor Awarded $2.3M NIH Grant To Support Students From Historically Marginalized Communities

Fayetteville State University undergraduate students will now receive more support thanks to new funding. According to a press release sent to AfroTech, a $2.3 million National Institutes of Health (NIH) grant, awarded to Professor James E. Raynor Jr., will be given to the Historically Black University and University (HBCU).

Samantha Dorisca

Apr 28, 2022

Kevin Hart's Newly-Formed Multi-Platform Media Company HARTBEAT Raises $100M

Kevin Hart has raised substantial funding to merge his existing entertainment companies. According to a press release shared with AfroTech, the comedian and Hollywood entertainer has merged Laugh Out Loud and HartBeat Productions to form HARTBEAT. In addition, it was also announced that the multi-platform media company raised $100 million from Abry Partners, in which the private equity firm took a minority investment. The funding will support new content, hiring new teams, and the expansion of existing brands and franchises.

Samantha Dorisca

Apr 26, 2022

Former NBA Player Roger Mason Jr. Raises $5M Series A Funding Round To Reimagine The Future With Vaunt

Vaunt — founded by former NBA player Roger Mason Jr. alongside startup and technology executive Omari Ware — has raised a $5 million Series A funding round to reimagine the future of sports and entertainment, according to a press release. The platform was created to help athletes and artists generate income by showcasing their talent to live and digital audiences. “When we created Vaunt, we envisioned a company where players and artists can display their talents and competitiveness both inside and out of their crafts,” said Vaunt Co-founder and CEO, Roger Mason Jr., in a press release. “We are so proud for Vaunt to take this step forward and prepared for us to go even further. The opportunities for this brand and company are endless.”

Samantha Dorisca

Apr 25, 2022

Black Girl Freedom Fund Announces $4M In Grants For 68 Organizations Supporting Black Girls

Black Girl Freedom Fund, which is “an initiative of Grantmakers for Girls of Color,” will be pouring millions of dollars into organizations with an aim to create a more hopeful future for Black girls. According to a press release, the #1Billion4BlackGirls campaign and Grantmakers for Girls of Color Black Girl Freedom Fund were launched in 2020 to ensure a substantial amount of resources were allocated toward “the braintrust, innovation, health, safety, education, artistic visions, research, and joy of Black girls, gender-expansive youth, and their families.”

Samantha Dorisca

Apr 21, 2022

Shontay Lundy Found A Problem In A Multi-Billion Dollar Industry Then Addressed It With Black Girl Sunscreen

Being a risk-taker paid off for entrepreneur Shontay Lundy, the founder of Black Girl Sunscreen. The New York native began cultivating the brand after nudges from friends suggesting Lundy should consider wearing sunscreen, as she became an avid hiker after moving to Los Angeles. While diving into research for products catering to Black skin, Lundy was not convinced by her findings. To her disappointment, the sunscreen sector underserved Black people and she recalled zero options that resonated with her. Recognizing an issue, Lundy decided to be the change and disrupt the $8.5 billion sunscreen industry. Although Lundy never manifested she would become the head of a million-dollar sunscreen brand, she was determined to follow what made her happy.

Samantha Dorisca

Mar 10, 2022

Serena Williams' Serena Ventures Announces Its Inaugural $111M Fund 'For The Next Generation Of Champions'

Serena Ventures, led by the one and only Serena Williams, has announced the raise of its inaugural $111 million fund. In a blog post and press release announcement, it was revealed that the fund will be used to power early-stage startups. Williams’ past success consists of 13 unicorns and six exits, plus nine years of experience in the investment world. With that said, it makes sense why Serena Ventures is continuing her commitment to growing additional companies. 23andMe, the DNA company which is a limited partner in the venture capital fund, released a statement expressing its excitement about what the future holds. “I have been so impressed with Serena Ventures and the extraordinary mentorship and support they provide entrepreneurs,” said Anne Wojcicki, CEO & Co-Founder of 23andMe. “Serena has built an exceptional team of diverse experts with branding expertise and strategic advice to help founders as they navigate building their companies. With unique backgrounds and...

Google's Gearing Up To Train And Prep You For A Higher Paying Job — Here's How

Google has announced the launch of a new fund with a goal to drive $1 billion in aggregate wage gains for American job workers. In a press release announcement, it was revealed that the fund, which is known as the Google Career Certificates Fund, has a $100 million war chest. “We are excited to support Social Finance to help expand economic opportunity for more Americans with our new $100 million Google Career Certificates Fund,” said Sundar Pichai, CEO, Google, and Alphabet, in the press release announcement . “This innovative funding model brings together digital skills training and support services to connect more Americans to high-growth, high-paying jobs. We hope it will be transformative for people, their families, and their communities.” MDRC, an independent third-party, will provide the “checks and balances” to ensure that Google does what they claim it will do with this new initiative. MDRC, originally founded in 1974 as the Manpower Demonstration Research Corporation,...

LinkedIn Distributes $500K To And digitalundivided To Support Black Entrepreneurs

LinkedIn is on a mission to support the Black community. According to information provided exclusively to AfroTech, LinkedIn will distribute $500,000 in grants to digitalundivided and The contribution will propel LinkedIn’s Black entrepreneurship fellowship programs and provide new economic pathways for the community. LinkedIn will work alongside the selected organizations to uplift the stories of rising entrepreneurs and instill awareness for additional capital and resources year-round. “As a company, we are on a journey to create equal access to opportunity and help drive more equitable outcomes. Our strategic partners are essential in that journey and since 2020, we have donated $5 million in funding and services to organizations that support economic and workforce development within the Black community,” LinkedIn said in an article published. “We selected digitalundivided and because of their holistic approach to developing, supporting and funding...

Samantha Dorisca

Feb 9, 2022