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Harlem Capital, a venture fund that was established in 2015, has just celebrated a significant funding milestone. The firm, whose goal is to help minority and women entrepreneurs, has raised now over $40 million, far exceeding its initial funding…
March 27, 2020
Article at AfroTech
Photo Credit: Therealpediaaa / Jourdan Guyton, actress, co-creator and director of a BET digital original. Content creator and director Jourdan Guyton does not believe in the word “no.” Throughout her career as an actress and content creator for…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images American Triple I Partners is now an investment partner in a recent redevelopment project being conducted at JFK International Airport. The effort — funded by Jet Blue and JFK Millennium Partners — is a multi-billion-dollar…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images In response to a data leak that revealed the identities and messaging history of white supremacists, Airbnb has decided to ban such users from its site. Airbnb’s security systems recently identified 60-plus account holders…
March 27, 2020
Article at AfroTech
The underrepresentation of minorities in technology has long been a barrier to higher income generation and career advancement. According to a troubling report on equity in technology, minority women constitute less than 10 percent of U.S. women…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Tom Joyner, the host of the show that bears his name, put down his microphone Friday. After 25 years on-air, the veteran radio host of the “The Tom Joyner Morning Show” began his retirement from a job he never imagined…
March 27, 2020
Article at AfroTech
Photo Credit: Amanda Matlovich, Netflix / Octavia Spencer as Madam C.J. Walker. On March 20, SpringHill Entertainment and Wonder Street, in conjunction with Warner Bros. Television, will release a Netflix original, entitled “Self Made: Inspired by…
March 27, 2020
Article at AfroTech
Photo Credit: Courtesy Migo Providing credit to those who desperately need it is the mandate of the California-based lending firm Migo. According to Crunchbase News, Migo recently raised $20 million during its Series B funding. The team had…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Last week, entrepreneur Jewel Burks Solomon was able to add a new title to her long list of accomplishments. Solomon was named the head of the new Google for Startups. The appointment represents a seminal moment for both…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Joey Womack, co-founder and CEO of Amplify 4 Good and Goodie nation, was recently named manager of Atlanta’s first WeWork Labs. The position will help startups to cement and expand their businesses. The appointment comes at…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images A new report issued by Bloomberg shows promise for hedge funds not governed by White males. The analysis, which was conducted over a three-year and a five-year period, showed that hedge funds managed by minority or women…
March 27, 2020
Article at AfroTech
Photo Credit: Gettyty Images Apple, Dell, Google, Microsoft, and Tesla are in the midst of a lawsuit involving child exploitation in the Democratic Republic of the Congo. The lawsuit uncovers practices that go against child labor laws and have the…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images This week, the Atlanta Hawks Basketball team and Chase Bank, of JPMorgan Chase, announced a partnership that will enrich the Atlanta area. The joint venture will provide financial initiatives for Atlanta’s many residents…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images The catchphrase “fake news,” which sparked amusement during the 2016 U.S. presidential election, is no longer a laughing matter. Now Facebook is taking steps to prove it. On Tuesday, the social media giant announced that it…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Earnin, a new online lending app touted as an alternative to payday lenders, may be giving false hope to those experiencing a shortfall. The app functions more like a cash advance, instead of a loan. However, instead of…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Owning a McDonald’s franchise may become an increasingly uphill battle for Blacks in America, according to Business Insider. A recent series of reports highlights the ownership and income disparities for Black operators of…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images Last month, Pensacola, FL became the latest of several cities to become a victim of a cyberattack. The city was attacked by ransomware, which holds vital or secure information “hostage” until payment is made to the…
March 27, 2020
Article at AfroTech
Photo Credit: Three black 18-wheelers bearing the CloudTrucks logo are ready for freight distribution. CloudTrucks, lauded by many as the industry’s first virtual trucking system, recently raised $6.1 million in a funding round led by Craft Ventures.…
March 27, 2020
Article at AfroTech
Photo Credit: Gentem Founders Fisayo Ositelu and Emanuel Akintayo Gentem, a health services reimbursement company, recently closed its initial round of venture capital funding with an impressive $3.7 million. The funds signal good news and speedy…
March 27, 2020
Article at AfroTech
Photo Credit: Getty Images A recent report by Volusion reveals the 15 U.S. cities that house the largest number of minority-owned startups. California appears most often on the list, representing five cities. San Jose, Riverside, and Los Angeles…
March 27, 2020
Article at AfroTech