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Black Female CEO Raises $7 Million For Her Tech Startup - blogged by @avah_taylor - ⠀⠀⠀⠀⠀⠀⠀ JessicaMatthews has become the 13th Black female founder of a tech company to have raised more than $1 million in outside investment. ⠀⠀⠀⠀⠀⠀⠀ Matthews is the founder and CEO of UncharteredPlay, a renewable energy tech startup that raised $7 million in Series A funding from the NIC Fund, Kapor Capital, Magic Johnson Enterprises, BBG Ventures and Lingo Ventures, according to TechCrunch. ⠀⠀⠀⠀⠀⠀⠀ Startups typically go through a series of investment rounds from venture capital firms (external investors). Series A funding is the first round of financing a startup receives when it does not require seed money. In this round, investors may take a 30% to 50% stake in the company. ⠀⠀⠀⠀⠀⠀⠀ TechCrunch reported that Uncharted Play plans to use the new round of funding to expand its staff and finance future partnerships. The company's main products are a soccer ball that doubles as a generator and a jump rope that doubles as a light. ⠀⠀⠀⠀⠀⠀⠀ Matthews' venture deal is significant in an industry where Black women on average received only $36,000 in outside funding between 2012 to 2014, according to a report by ProjectDiane.: Black Female CEO Raises $7 Million For Her Tech Startup blogged by: @avah taylor @balleralert Black Female CEO Raises $7 Million For Her Tech Startup - blogged by @avah_taylor - ⠀⠀⠀⠀⠀⠀⠀ JessicaMatthews has become the 13th Black female founder of a tech company to have raised more than $1 million in outside investment. ⠀⠀⠀⠀⠀⠀⠀ Matthews is the founder and CEO of UncharteredPlay, a renewable energy tech startup that raised $7 million in Series A funding from the NIC Fund, Kapor Capital, Magic Johnson Enterprises, BBG Ventures and Lingo Ventures, according to TechCrunch. ⠀⠀⠀⠀⠀⠀⠀ Startups typically go through a series of investment rounds from venture capital firms (external investors). Series A funding is the first round of financing a startup receives when it does not require seed money. In this round, investors may take a 30% to 50% stake in the company. ⠀⠀⠀⠀⠀⠀⠀ TechCrunch reported that Uncharted Play plans to use the new round of funding to expand its staff and finance future partnerships. The company's main products are a soccer ball that doubles as a generator and a jump rope that doubles as a light. ⠀⠀⠀⠀⠀⠀⠀ Matthews' venture deal is significant in an industry where Black women on average received only $36,000 in outside funding between 2012 to 2014, according to a report by ProjectDiane.

Black Female CEO Raises $7 Million For Her Tech Startup - blogged by @avah_taylor - ⠀⠀⠀⠀⠀⠀⠀ JessicaMatthews has become the 13th Black fem...

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