TracFlo is definitely a startup you’re going to want to look out for in 2022.

It was announced that the app — created to streamline contractor documents and workflow operations for construction projects — won the Startup Pitch Competition for HBCU founders during the inaugural Invesco QQQ Legacy Classic in an Instagram post.

As the winner, TracFlo took home a $1 million prize thanks to the Invesco QQQ Legacy Classic, which partnered with MaC Venture Capital and Serena Ventures — tennis legend Serena Williams’ investment firm. Through her firm, Williams is on a mission to create change through investing in opportunities that make the lives of everyday people better.

“We see a lot of venture companies investing in a lot of people, but it’s really just about following people of color and women and giving them the same opportunities,” said Williams, during a live broadcast of the event which aired on TNT.

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She continued: “Ventures is one thing I’m incredibly passionate about. I learned that less than two percent of women in 2020 were getting funded and then 1.2 percent of people of color were getting money from VC founders — and we’re talking tons of money are all going to one type of individual. So, it’s not a requirement for you to be a woman or person of color, but the team that we’ve hired — our whole team we just look at people in a different way.”

Invesco QQQ Legacy Classic HBCU

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