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Black Woman-Led Nigerian Startup Shuttlers Raises $1.6M To Improve Africa’s Mobility Industry

Damilola Olokesusi — the founder of Shuttlers — has joined the small percentage of women who have received major funding from venture capital in Africa during 2021. After experiencing her own trouble securing transportation in Nigeria, Olokesusi would later become driven to find a solution to combat transportation insufficiencies. Her startup Shuttlers was created in 2016 to transport professionals and organizations from buses to work and combat the continent’s transportations costs in Lagos, Nigeria. Now, the company can further its mission with the help of a successful seed round totaling $1.6 million from investors housed in Nigeria and beyond, TechCrunch reports. The round was led by VestedWorld, a venture capital firm based in Chicago, IL, and Africa. Other investors included Rising Tide Africa, Launch Africa, EchoVC, Consonance Investment, CcHub Syndicate, CMC 21 & Alsa, ShEquity, Five35, Sakore and Nikky Taurus. Olokesusi acknowledges the interest for these investors was due...

Samantha Dorisca

Nov 17, 2021

Lyft Links With Black Orgs to Provide 1.5 Million Rides to the Black Community

Ride-sharing company Lyft has announced a new initiative in partnership with Black organizations to close the transportation gaps that exist in Black and communities of color. View this post on Instagram A post shared by Lyft (@lyft) According to a blog post published on Lyft’s website , the company has pledged to form alliances with leading impact-driven organizations The National Urban League and My Brother’s Keeper Alliance — an Obama Foundation initiative — to push upward mobility in under-sourced communities. Founding Members of the LyftUp Access Alliance include: My Brother’s Keeper Alliance, an Obama Foundation initiative The National Urban League Black Women’s Roundtable Lawyers’ Committee for Civil Rights Under Law The National Action Network NAACP Legal Defense Fund United Negro College Fund National Bail Fund Network NAACP US Black Chamber of Commerce National Black Chamber of Commerce “At this moment in history, it is more important than ever to remove barriers that...

Njera Perkins

Aug 14, 2020

Remix Grabs $15M in Funding to Make Your Commute Easier

Commuting is getting harder and slower as populations increase. Urbanization is having a huge impact on transportation systems globally. Now,  Remix — a San Francisco-based startup — is helping cities plan ways to better their infrastructure and cut down on commuters’ strain. Daniel Getelman and his three co-founders Tiffany Chu,  Danny Whalen, and Sam Hashemi started Remix in 2014 during their time with Code For America. The four branched out after the program to expand Remix into what it is today. The company’s latest funding round will help Remix assist in providing cities with tools to plan and manage the impact of newer transportation options like ride-sharing, e-scooters, dockless bikes, and autonomous vehicles. “Transportation has changed more in the last 5 years than the previous 50–” Remix CEO Sam Hashemi said in a blog post. “No one knows for sure what’s coming next, but cities have to be ready regardless. The rapid pace of innovation in transportation is altering not just...

Arriana McLymore

Mar 11, 2019