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Startup Malomo Raises $2.8M Seed Round, Largest By a Black Founder in Indiana to Date

Malomo — a Black-founded information technology startup company that specializes in e-commerce — announced that it raised a $2.8 million seed round today to expand its services and provide a new marketing channel for the Shopify retailers, TechCrunch reports . Financing for the round was led by San Francisco-based firm, Base10 Partners , as well as New York’s Harlem Capital . According to Harlem Capital, the announcement comes as “the largest Seed round by a Black founder in Indiana to date.” We are excited to announce our investment in @gomalomo $2.8mm Seed round, the largest Seed round by a Black founder in Indiana to date. The round was led by three underrepresented funds with us, @Base10Partners and @VitalizeVC — Harlem Capital (@HarlemCapital) October 2, 2020 Founder and CEO Yaw Aning shared that this funding round will help the startup resolve issues retail clients experience when working with shipping companies and offer a better customer experience....

Njera Perkins

Oct 2, 2020