Black Founders Fund

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Black Founders Fund

It's ironic that LPs retreat to familiar networks because most capital goes to white men and most VCs are not profitable in risk-adjusted terms. That means it's time to try something new.

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Black Founders Matter presses VCs to pledge commitment to diversity

Black Founders Matter announced today the formation of the 25 by 25 Pledge, which encourages venture capitalists to commit to investing a quarter of their funds into BIPOC women founders by 2025.

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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. The undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years…

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AudioMob, which serves audio ads inside mobile games, raises a $14M Series A

AudioMob is a startup that provides “non-intrusive” audio ads within mobile games. It turns out that gamers don’t seem to mind little ads like this popping up, and somehow AudioMob seems to have cracked the mechanics. It’s now raised a $14 million Series A round led by Makers Fund and L…

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Google sets up $50M fund to invest in African startups

Google plans to invest up to $50 million in African early- and growth-stage startups via its Africa Investment Fund, ramping up efforts to support more businesses on the continent. Google made known its plans today in a virtual event where CEO Sundar Pichai announced the tech giant’s intentio…

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Google shares its $2M Black Founders Fund among 30 European startups

Google has selected 30 startups to receive a share of its $2 million Black Founders Fund in Europe, providing these companies with a spot of cash, some valuable cloud services and a bit of good old-fashioned networking among the Google crew. The fund was announced last fall as part of a company-wid…

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Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear

Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi, an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. Deal terms were not disclosed, but Memomi has enabled dig…

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Venture studio Adanian Labs fuels startup growth in Africa

The venture studio targets to help build 300 next-generation startups over the next five years.

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