Blavity CEO Morgan DeBaun Raises $6.5 Million in Funding for Company , More Money Than Any Other Black Female Founder in 2018

Blavity is clearly out here WINNING!

The digital lifestyle media company announced a eye-dropping $6.5 million in new funding heades by GV (formerly Google Ventures) with participation from new investors Comcast Ventures, Plexo Capital, and Baron Davis Enterprises.

Masterminded by Founder and CEO Morgan DeBaun, this funding is now the largest amount of money a Black female founder has secured in 2018.

According to the press release, Blavity will use this latest round of funding “to accelerate its mission to become the global media and tech company for a new generation of Black Americans, powering inspirational stories, smart news, events across lifestyle categories and developing new platforms.”

The company will expand its offices to a second location focusing on data and engineering to develop new tools for consumer connectivity, smarter publishing, and creative advertising solutions.

“Digital media is at turning point,” said Morgan. “Niche communities are becoming the majority and multi-billion dollar media brands built in collaboration with creators will evolve into market leaders seemingly overnight.” She adds “Blavity’s success was accelerated by empowering a young and growing underserved market of consumers often overlooked by Silicon Valley and traditional media outlets.”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.