CEO Morgan DeBaun Raised $6.5 Million in Funding for Blavity, Largest Amount of Money Raised By A Black Female Founder in 2018

CEO Morgan DeBaun Raised $6.5 Million in Funding for Blavity, Largest Amount of Money Raised By A Black Female Founder in 2018

Photo Credit: Andy Dean Photography // Shutterstock

The people over at Blavity are making major money moves for 2018. Blavity, the digital lifestyle media company announced their making of $6.5 million in new funding led by GV (formerly Google Ventures) with participation from new investors Comcast Ventures, Plexo Capital, and Baron Davis Enterprises.

The founder and CEO Morgan DeBaun is the reason this funding is now the largest amount of money a Black female founder has secured in 2018. According to a press from Blavity, the company 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 is currently located in Los Angeles and the company is looking to expand to a second location focusing on data and engineering to develop new tools for consumer connectivity, smarter publishing, and creative advertising solutions.

Morgan says, “Blavity success was accelerated by empowering a young and growing underserved market of consumers often overlook by Silicon Valley and traditional media outlets.”

Congratulations to Blavity Inc!

Written By: Fantasia Harvey

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