Rosarium Health, a Black-founded healthtech company supporting in-home care for aging populations, has secured new funding. Cameron Carter is the founder and CEO of the company, which was inspired by his years spent in value-based healthcare operations and business development roles at DaVita Inc., Bright Health, Evolent Health, and Truven Health Analytics, according to his LinkedIn profile. He told the American Family Insurance Institute that he observed how customers spent money on healthcare and how their health outcomes “often fall short.” He also mentioned to the outlet, “I repeatedly saw that people were ending up in hospitals or nursing facilities because their living situations and neighborhood environment were unsafe and unsupported, not because they needed more medicine.” Carter also has first-hand experience navigating at-home healthcare from when he assisted his aunt and grandmother. While they did not need “round-the-clock care,” they needed a safer bathroom, improved...

5th Century Partners (5CP) has closed Fund II. 5CP is a private equity firm that invests in founders and management teams of lower-middle-market companies in healthcare and business services. According to its website, it aims to create lasting value and accelerate the success of its portfolio companies. The team brings together investors, strategic operators, and innovators with diverse experience, focused on driving scale and fostering innovation across its investments. Launched in 2020, 5CP announced the close of its oversubscribed debut fund in 2022. It closed with $144 million in capital commitments, according to a press release. Fund II Fast forward to 2026, and 5CP has announced the close of Fund II at $276 million, nearly doubling the size of its first fund, according to a May press release. New and existing investors, including endowments and foundations, corporate and public pension plans, insurance companies, and family offices, supported it. Fund II has already invested...

Series has officially opened its seed round after the close of its pre-seed round at $5.1 million, TechCrunch reports. Series is a professional network for Gen Z and the first AI social platform on iMessage, according to its founders, Nathaneo Johnson and Sean Hargrow, who launched the venture in 2024. Users are highly engaged on the platform. In 2025, Johnson noted more than 20,000 messages had been sent and received within a week, as AFROTECH™ previously reported. More recent data from Johnson reveals Series has more than 750 active campuses using the platform, and it is retaining more than 83% of active users. “Higher than Facebook during their early days,” Johnson said on LinkedIn, referring to the retention rate. Series announced its pre-seed round had reached $3.1 million in 2025, with the close on April 24, 2026. This was the most VC raised by Ivy League students, according to a separate AFROTECH™ article. TechCrunch reports the pre-seed round closed at $5.1 million, with...

Harbinger Sports Partners has secured a new investment in its quest to acquire professional sports teams in North America. The Atlanta-based private equity firm is targeting minority stakes in “mature” and “profitable” U.S. sports franchises, according to a press release. The firm was founded in March 2025 by Rashaun L. Williams, Steve Cannon, Mark Cuban, and Jonathan Mariner. As AFROTECH™ previously told you, it launched with a target of investing $50 million to $150 million while using secondary offerings to exit within seven to 10 years. The firm’s strategy includes targeting the blue-chip segment, according to the press release. Blue-chip stocks are large companies with stable earnings and strong financials, per Yahoo Finance Singapore. Harbinger Sports Partners says investing in this area will ensure it can “move with speed, precision, and professional rigor.” Additionally, the firm seeks to deliver attractive, risk-adjusted returns through long-term partnerships with the...

Collide Capital aims to support emerging talent across fintech, supply chain, and future-of-work companies. The early-stage venture firm was founded in 2021 by Brian Hollins and Aaron Samuels, with a focus on the future of work — particularly AI and automation as it relates to consumer and enterprise innovations — as well as fintech and supply chain, according to a press release. “I’ve had the privilege to spend my career building communities. From co-founding Blavity Inc. and AFROTECH to launching Collide Capital, the through line has always been the same: build for the most deserving, not the most privileged,” Samuels wrote on LinkedIn. Collide Capital invests in pre-seed through Series A rounds, and check sizes range from $1 million to $3 million. It has already supported over 75 companies since its inception, including Coldcart, Culina Health, Helios, OneCarNow, and Revi, and has had five exits, notes the release. Collide Capital also supports its portfolio companies by...

POSH live events platform has raised new funding. As AFROTECH™ previously told you, the platform was founded by Avante Price and Eli Taylor-Lemire, who met while they were students at New York University. They weren’t strangers to the live events scene, with Price being a DJ and Taylor-Lemire being a photographer. They knew the industry’s pain points and wanted to improve the experience for students and organizers, so they built POSH in 2019 as a software product and launched it as well as a mobile app in 2023. “POSH was born to democratize the ability for any fan with a passion for live events to get involved in the space with as little friction as possible,” Price said in a previous AFROTECH™ interview. “Simply put, our mission is to democratize the ability for anyone to earn capital through live experiences.” POSH has evolved since its inception and now also includes a personalized feed and an algorithm that shows users events aligned with their interests. POSH has nearly 6...

There’s no end in sight for former NFL player Terrence Murphy in the business world. As AFROTECH™ previously told you, Murphy has a real estate portfolio and has sold more than 70 properties in transactions totaling over $1 million each. He has also invested in Hello Alice, Numerade, Stage Ten, and many others through his investment company, Terrence Murphy Companies. Synergy Sports Capital He previously told AFROTECH™ that he has acquired or invested in 110 companies through Terrence Murphy Companies. Now, he is teaming up with former athlete Reggie Bush to lead the newly launched Synergy Sports Capital (Synergy). According to a press release, the $150 million private equity investment firm acquires and operates stakes in “high-growth emerging leagues, building integrated platforms across team ownership, real estate, media, and operations to compound long-term enterprise value.” “We [Reggie and I] want to invest in emerging leagues and teams with controlling majority stakes versus...

Usher has sold his stake in the Cleveland Cavaliers. As AFROTECH™ previously told you, Usher had purchased a minority stake in the Cleveland Cavaliers in 2004. He was a part of an investor group led by Quicken Loans Founder Dan Gilbert, according to a press release. Usher reportedly made a $9 million investment for an estimated 1% stake in the team. At the time, he vowed to remain active with the organization, from enhancing the game experience to supporting its role in the community. As of October 2025, the team was valued at $4.8 billion, Forbes reports. In an interview with Forbes in March 2026, the artist confirmed he recently sold his stake in the team and acknowledged he is still great friends with Gilbert. Usher also shared what he considers when making the decision to invest, citing cultural connection and opportunities for mentorship in the business. “I am open and available for ideas that I think give people some sort of cultural connection and experience. I don’t like to...

A venture capital firm supporting Black tech companies has closed its second fund. BKR Capital Led by Managing Partner Lise Birikundavyi, alongside co-founder Isaac Olowolafe, Toronto-based BKR Capital invests in technology or technology-enabled startups. According to the firm’s website, they target companies with diverse teams that have at least one Black founder and are at the pre-seed to seed stage. The firm primarily focuses on companies based in Canada, though up to 10% of its portfolio may be global. “We need to keep innovation at home,” Birikundavyi explained, according to The Globe and Mail. “We all want a Canada that is strong economically – where our children can grow up and have everything they need.” Fund II Details BKR Capital has raised $20 million for its second fund, aiming to reach $50 million by the end of 2026, per The Globe and Mail. The raise was supported by Royal Bank of Canada, Business Development Bank of Canada, Export Development Canada, and others,...

Aasiyah Abdulsalam is leveraging robotics to solve pain points in the wig industry. The London native, raised in Ireland by parents from Nigeria, developed scalp psoriasis at 12 years old, according to Inc. She began wearing wigs because she was losing hair “ excessively, ” she said. By default, she became acquainted with hair brokers, stylists, and specialty product manufacturers. They were useful when she was creating her own wigs or getting them installed, the outlet notes. When she became a student at the University of Leicester, her fascination for the wig industry grew. She even moved to South Korea to work at a wig factory for six months to support her dissertation, which centered on studying the “manufacturing geopolitical ties” of a consumer product. “I became obsessed,” Abdulsalam explained to Inc. The Wig Fix The dissertation’s outcome later inspired the creation of The Wig Fix in 2020, a transparent, patented, hypoallergenic silicone wig grip that can secure a wig with...

Ex-MIT and Stanford engineer KJ Hardrict is changing the interview process for job seekers. Hardrict’s background spans engineering, venture capital, and content. He has worked at Link Ventures as a principal and served as a founding engineer and a senior engineer for various startups, according to his LinkedIn profile. Hardrict has also gained more than 115,000 YouTube subscribers. It’s the variety of his experience that has given him a front seat to the hiring process, Hardrict acknowledged to AFROTECH™. “As an engineer and startup operator, I saw how often incredible people were filtered out before anyone spoke to them. As an investor, I saw founders struggling to identify key talent in a sea of resumes,” he said. Hardrict also considered his own experience in the job market and noticed that being seen, not just read about, set him up for success. “Recruiters would watch my videos on YouTube, and within a few minutes, they understood who I was and how I thought. That made me...

Hannah Bronfman is opening up about her experience as a first-time fund manager. As AFROTECH™ previously told you, Bronfman became an angel investor in 2017. She is also a content creator who has been working in social media for over a decade, with 148.7 million followers and 6.6 million likes on TikTok alone. This also afforded her a unique opportunity to be gifted equity in companies in exchange for marketing, she noted at AFROTECH™ Conference 2024. She has invested in more than 70 companies, including Monte’s Fine Foods, Golde, and Topicals. Conteur Capital Now, Bronfman is entering new territory in the world of investing, becoming a first-time fund manager. She is a general partner at Conteur Capital, an investment firm focused on women’s health, technology, and health services. Bronfman offers a candid look at her journey in the new Amazon documentary series, “ The CEO Club” , where viewers get a front-row seat to her efforts to raise $40 million in capital for the venture...

The United Negro College Fund (UNCF) wants to prepare the next generation of asset managers. Since 1944, the UNCF has been committed to serving students in higher education, raising more than $6 billion to provide them with access, a news release mentioned. Its latest effort is focused on positioning students at Historically Black Colleges and Universities (HBCUs) with opportunities to become leaders in the asset management industry and secure careers in finance. Project ACCLAIM The UNCF received a $10 million gift from Adage Capital Management and Elizabeth and Phill Gross to jumpstart Project ACCLAIM in 2025, which first benefited students at Morehouse College and Howard University in fall 2025. Project ACCLAIM (Accelerating Learning in Asset Investment Management) is designed to expand access to wealth-building opportunities in investment management by providing coursework, hands-on training, and co-curricular activities, according to the news release. Students also have access...

Roman Scott and Itbaan Nafi, both hailing from Stanford University, are on a mission to empower student founders in the VC world. It all started in 2024 at San Francisco International Airport, where Scott and Nafi first met by chance at baggage claim, according to information shared with AFROTECH™ . By that time, the pair had already become founders, each having established a footprint in technology. Scott, who graduated from Stanford that year with a bachelor’s degree in systems engineering and then a master’s in management science and engineering, launched a software development company at 15 to help support his unemployed parents, per an email to AFROTECH™ . That company, called Burton Algorithms, has now worked with more than 20 companies across healthcare, financial services, and infrastructure, and even with his alma mater, Stanford. Nafi currently attends Stanford, where he created his own bachelor’s program in software, policy, and design engineering and is pursuing a...

Ariel Investments is putting its dollars toward women’s sports. Ariel Investments Co-CEO and President Mellody Hobson announced in a Jan. 30 press release the launch of Project Level, a venture the firm hopes will level the playing field for investment, attention, and profits in women’s sports — a category that saw $1.28 billion in global revenue in 2024. Launched with the help of Jason Wright, managing partner and head of investments, and Emma Rodriguez-Ayala, chief administrative officer and general counsel, Project Level anticipates achieving strong financial returns on women’s sports in the long term, according to the press release. “Project Level seeks to harness the exploding talent, fandom, vie wership, and media interest in women’s sports by working to accelerate growth through diversified investments and significant ownership stakes,” Hobson, Project Level’s chief fundraiser and head cheerleader, explained in the press release. “Our highly curated portfolio will range from...