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Blavity CEO Closes $6.5 Million Series A Round

“This round of funding is incredibly meaningful for so many reasons. Black voices need a strong platform, where innovation, ideas and community can thrive. With these new resources we can invest in our product and data team to create a new set of products and content.” -DeBaun

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Previously to this Series A, Blavity has raised over $1.8 million from Base Ventures, Harlem Capital Partners, MACRO, Cross Culture Ventures, the Knight Enterprise Fund, New Media Ventures and others.

Morgan DeBaun is the CEO of Blavity and she just recently closed a $6.5 million Series A round led by GV with participation from Baron Davis Enterprises, Plexo Capital and Comcast Ventures.

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As part of the financial infusion, GV Partner John Lyman will be joining the Blavity’s board of directors. Blavity is a digital lifestyle media company that focuses on black millennials, founded by DeBaun, Jeff Nelson, Aaron Samuels and Jonathan Jackson.

Blavity has one ultimate goal, to be the main digital voice for black millennials.

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Currently Blavity has a hefty 30 full-time employees and 60-80 contractors across its five brands. Blavity intends to bolster the size of its engineering team. The office, targeted to be in Atlanta, will be the new home to engineers on additional products and content creation tools to facilitate an ecosystem for better storytelling.  You can check out their recent content HERE

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Written by John D. Saunders

John is a Marketing Strategist and Investor. As the Founder of 5Four Digital, a Marketing Agency in Miami, John leverages his understanding of money management and Marketing to create financial opportunities.

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