LeBron James Throws An Alley-Oop Pass To Canyon Bicycles €30 Million Funding Round

LRMR Ventures, the family office of LeBron James and Maverick Carter, along with SC Holdings, a U.S.based private equity firm have joined forces to invest in Canyon Bicycles GMbH (Canyon). As the world’s leading direct-to-consumer manufacturer of premium bicycles, based in Koblenz, Germany, LRMR Ventures participation in the Canyon’s €30 ($30.9M) million funding round now values the company at €750 million ($774M). 

Can Lease-To-Own Housing Programs Increase Black Wealth?

Homeownership is an important step to bridging the racial wealth divide. If Black homeownership matched white homeownership, Black wealth would increase by almost $40,000, bridging racial wealth inequality by about 30%. With current mortgage rates the highest they have been since 2008, and the number of homes for sale nationally plummeting, an alternative path to homeownership may be leasing to own your future home.

WWJD: Does Big Data Have The Power To Save Black Churches $2 Billion Annual Income?

By Lesley Green-Rennis Churches are turning to big data to boost attendance as 30% of American adults do not affiliate themselves with a specific religion Conservatively, the annual income of the institutional Black church is over $2B With in-person church attendance roughly 30% to %50 lower than it was pre-COVID, many congregations are turning to

Brilliant & Black: Sotheby’s Historic Black Designer Jewelry Auction

By Lesley Green-Rennis Sotheby’s premiered the 1st-ever exclusively Black jewelry designer exhibition  highlighting 21 jewelers and 63 pieces The global jewelry market is expected to reach $266.5B by 2027 Though artists of color have fought their way into industries and been acknowledged for other creative works, Black jewelry designers have remained largely unnoticed. That is

Stacey Abrams Bridges Startups, Politics & Capital With $9.5 Million Funding Round

By Lesley Green-Rennis Stacey Abram’s financial services company, “Now” has raised a $9.5M Series A funding round To date, the company has served over 1,000 small businesses and processed over $700 million in transactions Political superstar Stacey Abrams is cementing her fintech genius with her company “Now” that has raised a $9.5 million Series A

Black Women Making Money Moves?

By Lesley Green-Rennis Unemployment rate for Black women is 4.5% 80% of Black mothers are the primary breadwinners for their families The U.S. unemployment rate is at its lowest level in 50 years, and some experts claim economic and social trends are shifting such that minority women are emerging as the big labor market winners.

Tech Titans Still Falling Short On Hiring Minorities

By Lesley Rennis Among the largest U.S. tech companies, black workers in technical jobs average 3% Employment of tech occupations is projected to grow 12% Five years ago technology giants Apple (AAPL +0.16%), Facebook (FB +0.12%), Google (GOOG +0.15%), and Microsoft (MSFT +1.97%), released their first diversity reports. They revealed workforces that were overwhelmingly White,