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New Voices Fund -a $100 million fund for women of color

On Thursday, Richelieu Dennis, founder of SheaMoisture products and current owner of Essence Magazine, announced a $100 million fund for women entrepreneurs of color at the 2018 Essence Festival. “About six months ago, we announced that we were launching the new voices fund,” Dennis told the audience at the press conference during the Essence Festival…. Read More »

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26 finalists picked for the Pitch AgriHack competition

Twenty six finalists made it through this year’s Pitch AgriHack, a youth e-agriculture start-up support program of the Technical Centre for Agricultural and Rural Cooperation (CTA), that is ran in conjuction with African Development Bank (AfDB), the African Green Revolution Forum (AGRA), Women in Tech Africa, Nigeria’s Wennovation Hub and Suguba Africa. With this year’s theme “Women… Read More »

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World Bank Report: High Rate of Palestinian Women Led Startups

  According to the report, twenty-three percent of Palestinians who founded tech companies in the West Bank and Gaza Strip are women, a figure that is almost twice the figure of cities like New York. Palestinian startup ecosystem has one of the highest rates of female entrepreneurs across analyzed ecosystems. This is according to a new World… Read More »

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Lady Gaga working on a new beauty startup

Singer, actress and restauranteur Lady Gaga is seeking to add another feather to her cap. The entertainer’s company, Ate My Heart Inc., is currently working on a new brand of cosmetics called “Haus Beauty.” Haus Beauty — which is currently in “stealth mode”  is being run by CEO Ben Jones, the former chief digital officer at Honest… Read More »

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Kenyan insurtech startup Bismart raises funding from GreenTec

Kenyan insurtech startup Bismart has raised an undisclosed amount of funding from the Germany-based GreenTec Capital. Founded by insurance veteran, Bismart provides a digital interface to offer insurance products and services across Africa.  To achieve this, Bismart is using emerging technologies. The startup will initially offer a small range of service and products that will be… Read More »

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Online graphic design startup Canva is now worth $1 billion

Canva is Australia’s first unicorn of 2018, after raising $40 million (AUD$50.9 million) to push the design startup’s value over $1 billion. According to CEO and co-founder Melanie Perkins, Canva took on additional capital in this investment funding round. Sequoia Capital has teamed up with long-time Canva investors, Blackbird Ventures and Felicis Ventures, in backing the… Read More »

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