Black-owned investment firm Nex Cubed announces $40M fund for HBCUs
Costco Wholesale has also invested $5 million in the fund as an anchor investor.
Finance
BDM covers finance-related topics about Black entrepreneurs getting access to funding from banks and other government-affiliated entities.
Black app developer, farmer named finalists in BEBC Society's Black Pitch Contest
Deress Asghedom of Vancouver and Mwenda Dyck of the Fraser Valley made the Top 5 and will be competing for a $25,000 prize in the Black Pitch Contest.
FACE, TD announce launch of grant program to support Black entrepreneurs
The program will see the non-profit organization and TD offer grants between $2,500 and $5,000 to Black entrepreneurs in Canada.
Ariel Investments raises $1.45B for minority owned businesses in U.S.
To scale these companies, 'Project Black' will invest in middle-market firms with revenues between $100 million and $1 billion.
Blueprint Capital heading to court in $100M lawsuit on racketeering allegations against BlackRock, BlueOwl Capital
‘It's time for BlackRock and Owl Rock to have to play by the rules,’ CEO Jacob Walthour says.
15% of Black businesses in U.S. chose fintech industry to launch startups: report
Companies like Chipper Cash, Goalsetter, Esusu Financial, and Goodr, were among the highlighted brands thriving in the sector.
Stackwell investing app now accessible on all smartphone platforms ahead of NBA, HBCU tours
The robo-investing app was launched in September 2022 for iPhone users in the App Store.
BET co-founder Bob Johnson calls for diversity audit on companies supporting Black
The chairman of RLJ Companies says billions earmarked for diversity initiatives are not making their way into Black hands.
Wes Hall announces rebranded launch of private equity firm WeShall Investments Inc.
Announced on Martin Luther King Day, Hall said the announcement was inspired by Dr. King’s iconic ‘I Have a Dream’ speech in 1968.
Black-owned Cake Ventures launches $17M VC fund
The fund is backed by major investors, including Pivotal Ventures (a Melinda French Gates company), Cendana Ventures, Bank of America, and more.
Club Shay Shay interview sparks 5% HBCU pledge from L.A. streetwear brand
Founder Antonio Ricardo declared his company would donate five per cent of its profits to all 107 HBCUs.
VIDEO: Precursor Ventures founder Charles Hudson discusses structural inequities in the VC industry, how he's working to break barriers
Access to the venture capital (VC) ecosystem has been restricted historically, but new kinds of businesses are creating opportunities for a diverse group of founders.