venture capital Archives

Serena Williams Invests in Mahmee, a Startup Fighting Maternal Mortality

Published on July 15, 2019 in All Posts/Black Money by ShoppeBlack

After Serena Williams gave birth to her daughter in 2018, she shared the life-threatening complications she experienced—and how, as a Black woman, she was three times more likely to die from pregnancy or childbirth-related causes. Now Williams—through her firm Serena Ventures—has invested in digital maternal health care company, Mahmee. Mahmee uses predictive analytics to provide personalized,…

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This Black Venture Capitalist sold his former company for $100 Million

Published on January 20, 2019 in All Posts/Black Money by ShoppeBlack

Adeyemi (“Ade”) Ajao is co-founder & Managing Partner at Base10 Partners, an early stage venture capital fund. Black Venture Capitalist Base10 recently made news for raising $137 million, the most money ever raised by a Black-led venture capital fund. Before Base10, Ade was a co-founder of Tuenti (The “Spanish Facebook”). He launched Tuenti in 2005…

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Nichole Yembra: Managing Partner of One of The Largest FinTech VC Firms in Africa

Published on July 31, 2018 in All Posts/Professional Spotlight by ShoppeBlack

One of my goals is to invest in many startups here and on the continent. The African Fintech (Financial technology) sector is one that’s always been interesting to me because of its potential to solve many social and economic issues. According to a recent report from Disrupt Africa, the overall startup funding from venture capitalists jumped…

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NAS Venture Capital Firm Invested in Online Pharmacy Bought By Amazon for $1 Billion

Published on July 6, 2018 in All Posts/Black Money by ShoppeBlack

When it comes to having an eye for startups, Nas knows how to pick them. PillPack, a door-to-door pharmacy service backed by the rapper’s venture capital fund, scored big last week when Amazon acquired the company for $1 billion. Amazon shared the news on June 28, with plans to finalize the deal as soon as this…

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Backstage Capital Launches $36 Million “About Damn Time Fund” for Black Women Founders

Published on May 7, 2018 in All Posts/Black Money by ShoppeBlack

Venture capital firm, Backstage Capital recently announced that it has launched a $36 million fund that will invest in Black women founders. The “It’s About Damn Time Fund” as it was called by founder, Arlan Hamilton, will help address the funding gap that exists between investors and Black women in the VC landscape. A…

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18 Black Owned Venture Capital, Private Equity & Angel Investment Firms

Published on February 26, 2018 in All Posts/Black Money by ShoppeBlack

Less than 1% of American venture capital backed founders are Black and the percentage of Black people in decision making roles within the venture capital arena is not much higher. This lack of diversity within investment firms ultimately translates to a lack of diversity in the companies that they invest in. The good news is that there are…

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Several Ways Black Businesses Can Attract Investors

Published on January 10, 2017 in All Posts/Black Money by ShoppeBlack

Black businesses generate over $180 billion in revenue each year and create over 1 million jobs. Also, Black women are the fastest growing segment of new entrepreneurs in the US. Unfortunately, establishments owned and operated by Black entrepreneurs are least likely to receive funding from investors. Ade Omitowoju of Groundwork chats with us about the…

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