The 2014 media startup , Blavity received significant investment from venture capital firms , amounting to almost US $ 10mn . Blavity , founded by Morgan DeBaun , prides itself on being a creative community and a general news outlet with a focus on the black community .

The North Carolina Mutual Life Insurance Company holds a rich heritage , dating back to 1898 . Founded by a group of black social leaders , during a time of severe discrimination , the company ’ s primary goal was to provide insurance for the African-American community . North Carolina Mutual was one of the largest black-owned businesses in the US during the 20th century , with its assets supposedly valued over US $ 160mn .

“ Our vision is to economically and creatively support Black millennials across the African diaspora , so they can pursue the work they love , and change the world in the process ”

– Blavity sustainabilitymag . com 153