Black Tech Nation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Black Tech Nation Ventures, a Pittsburgh-based venture firm, today announced the close of a $50 million inaugural fund.

Black Tech Nation Ventures launched in 2021 to address the funding gap for Black founders amid a wave of venture diversity initiatives after the murder of George Floyd in 2020. The Pittsburgh-based venture firm has finished raising its first $50 million for its debut fund to back pre-seed and seed-stage software startups led by founders that are Black, women or members of the LGBTQ+ community, among other underrepresented groups. Getting its first fund to its full $50 million goal was at first a race and then a slog, David Motley, a general partner at BTNV, told TechCrunch.

Despite DEI investment strategies coming under fire last year, BTNV thinks backing underrepresented founders is a solid strategy for returns.

Five successful local tech professionals take a trip down memory lane, in honor of Technical.ly’s 15th anniversary.

Google partnered with the nonprofit True T PGH to bring the free training in cybersecurity, ecommerce and more.