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“Red Alert: Black Creators are in need”.

There is currently a crisis in the U.K. Black IT entrepreneurs believe they have to rely on foreign investors to get their enterprises off the ground.

More than a year after the Black Lives Matter rallies spurred the UK government to examine prejudice against Black business owners, British venture capital firms continue to disregard Black and ethnic minority founders despite a burgeoning startup environment.

“It’s evident that the United Kingdom is not the place to try to secure investment for your startup,” says Rich Serunjogi, creator of Business Score, which connects e-commerce businesses with working capital financing. “Only the best [UK] venture capitalists are interested.” Second-tier funds frequently overlook Black founders, citing reasons such as the company’s market size being insufficient or the idea being too risky.

Originally covered by: https://www.cnn.com/2021/12/16/tech/black-entrepreneurs-uk-racism/index.html

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You should care

After a career transition from RAF fast-jet pilot to software entrepreneur who taught himself to code, Nicholas Kelly hopes to revolutionize UK care with a “Deliveroo-style” app for the industry called Pair My Care.

Nicholas was recently interviewed by Business Live for the #IAmBOB series, which celebrates black-owned businesses throughout the UK. Nicholas introduced Pair My Care to journalist  Hannah Baker, explaining that Nicholas and his mother, Jacquie, have expanded into a collection of four care firms in the last 15 years, with his company Axela Innovations, a smart platform that connects care services, as the newest strand to the business.

Users will be able to hire care-takers for one-time or recurring visits through the app, which will eventually include district nurses and physiotherapists.

https://www.business-live.co.uk/technology/former-raf-pilot-who-landed-20344463?utm_source=businesslive_newsletter&utm_campaign=welcome_black_owned_businesses_newsletter2&utm_medium=email
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“Edtech and its advancements in empowering Black Coders”.

A fast-growing EdTech company situated in Tennessee. As chief strategy officer, Isaac Y. Addae, an assistant professor at Tennessee State University, has joined the duo

“Black-owned, totally remote technology education hub that promotes minorities interested in technology jobs,” according to the computer training institution. Its goal is to “empower minority students with in-demand technical skills in a sector that has historically lacked racial diversity, while also building a $100 million company.” “We are working with business partners to upskill their talent,” said the company, which trains “minorities to go into tech roles.”

John Mundy,  co-founder founded Pivot Technology School, a fast-growing Tennessee-based EdTech startup added,

  “There are less than 3% of minorities that have tech careers and we want to change that paradigm and create pipelines of highly trained talent to these organizations. We want to expose as many adults as possible to coding and data analytics”.

Originally published by https://www.forbes.com/sites/jackkelly/2021/12/09/two-young-black-entrepreneurs-started-an-edtech-school-to-help-underserved-groups-pivot-into-fast-growing-well-paying-tech-jobs/?sh=524e8bf44449

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Northwestern Mutual on the forefront of advancing Black Digital Entrepreneurs.

Northwestern Mutual is a lead investor in a $13 million venture capital fund for Black digital entrepreneurs.

After raising a $13 million seed fund headed by Bank of America and Milwaukee-based Northwestern Mutual, Black Ops Enterprises will invest in Black-driven technology ventures across the United States and Canada.

According to managing partner Heather Hiles, the Miami-based venture capital firm will address the funding gaps that exist among Black-led firms advancing from seed fundraising to series A capital rounds.

Originally published by https://www.bizjournals.com/milwaukee/inno/stories/fundings/2021/12/14/black-ops-ventures-closes-fund-black-tech-founders.html