Historically, Black-owned companies have experienced difficulties scaling their businesses due to the continuous discriminatory oversight in society. However, hundreds of Black-owned tech companies are already achieving significant success in their respective industries, even though they’re startups.
Although the global rise of the Black Lives Matter movement has increased investor and venture capitalist interest in funding and investing in these Black-owned technology companies, they still require investor and venture capital intervention.
Here Are The Top 7 Most Promising Black-owned Tech Companies To Invest In 2023
These are the top 7 best black-owned tech companies to invest in 2023 that are raising capital right now:
- Umba Daima
- Umba Daima
Umba Daima is an NFT studio operating on the existing Blockchain technology to strengthen and diversify the web3 ecosystem through art and experimental programs.
According to Fortune Business Insights, the global Blockchain market is worth USD 7.18 billion and is expected to grow to USD 163.83 billion by 2029. This stat shows the growing likelihood of companies in the Blockchain market and how an investment in Umba Daima will likely give excellent yields.
EnrichHER is a social impact Fintech platform founded by Novellus Roshawnna (Ph.D.) to fuel women-led business growth by providing capital options for their businesses.
Investors invest in small businesses and contribute to the social impact function of EnrichHER by advocating economic empowerment and gender equality/inclusivity.
EnrichHER has deployed over USD 14 million to diverse-owned businesses in 47 states across the United States.
Calyxeum is a cannabis company located in Detroit, Michigan, founded by cannabis specialists with over ten years of experience in the industry. The company has a significant hold in Michigan with over 25 retail stores and a Community Impact Initiative focusing on employee development programs, abandoned homes rehabilitation, etc.
Due to the legalization of cannabis in several states and countries, the Cannabis market has gained a global appreciation. According to market statistics, the market will be worth USD 197.4 billion in 2028.
JéGO is a Miami-based independent electric vehicle design and technology company. JéGO has started developing its E-Mobility Infrastructure, which includes a plan for establishing a global network of universal Smart Electric Vehicle charging stations, primarily focusing on historically underserved communities, and has made electric vehicles more accessible. JéGO has advanced the adoption of sustainability by making smart electric cars more accessible.
Also, electric vehicles are gaining approval and adoption worldwide. Thus, the industry promises a great future, and investment in JéGO promises excellent yields.
TouCanna is one of many black-owned tech companies affiliated with the Cannabis industry. TouCanna is an operations management tool created to assist cannabis firms in managing and growing their operations while following stringent legal requirements.
With TouCanna, businesses can track and manage their cannabis inventory, sales, and revenue.
Afrinanny is a digital childcare company that provides black families access to caregivers who understand and cater to their cultural needs.
Irene Okonkwo founded Afrianny to solve the pressing childcare demands, especially among black parents who are often particular about their child’s caregiver.
TheClub is a service-based technological company for music entertainers, DJs, and content creators. It is a platform that allows musical enthusiasts to turn their artistic passion into a growing career.
Founded in 2020, TheClub has served several musical enthusiasts and hopes to expand even more.
Most of the black-owned tech companies mentioned made it to this list based on their success and the interest in their businesses or owners’ portfolios. This list follows no precedent as the list shows companies in industries with possible high yields.
Lastly, do your research before investing in these Black-owned tech companies, and understand that this article doesn’t provide financial advice but the possibilities these businesses can attain.