Black-Owned Tech Startup Raises $225M

BLACK-OWNED TECH STARTUP IN LOS ANGELES RAISES $225 MILLION, THE LARGEST INVESTMENT EVER FOR A TECH STARTUP LED BY AFRICAN AMERICANS

Los Angeles, CA -- A new Black-owned startup is making history as they have now received the largest investment ever for an African American led technology startup in the nation.

Black Unicorn Factory is an African American Accelerator program that is about to take the US by storm with its game-changing accelerated growth strategy for small businesses. This enterprising new development program, now commonly referred to as an 'accelerator' has raised $225 million dollars in funding from investors.

This is historic because currently only 1% of all venture capital is invested in African American startups. Currently, there are over 500 unicorns in the world but not one is owned by an African American.

HBCU Grad Launches $10.7M Venture Capital Firm

ENTREPRENEUR LAUNCHES $10.7M VENTURE CAPITAL AND PRIVATE EQUITY FIRM CALLED HBCU SEED

Nationwide -- While attending Oakwood University as a business major, Terrel Davis became a serial student entrepreneur who recognized three significant problems that HBCU students faced: lack of resources, services, and funding. As such, he decided to establish HBCU Seed, a venture capital and private equity firm that solely invests in businesses owned by HBCU students, alumni, faculty, and staff.

As an HBCU student, Davis witnessed firsthand the socioeconomic difficulties that student entrepreneurs had to face. HBCUs (Historically Black Colleges and Universities) generally only receive minimal financial support and amenities. That in turn leaves less money for them to support student entrepreneurs.

Experts say that the future of HBCUs is bleak since state legislatures and the federal government have reduced their funding in favor of financing institutions with larger endowments. When Davis established his own business, he was met with the same problems.