Dealflow | July 23, 2018

Blavity raises $6.5 million to serve next-gen black media consumers

Dennis Price
ImpactAlpha Editor

Dennis Price

The digital media company has grown rapidly since launching in 2014 by delivering lifestyle, tech and finance content geared towards black millenials.

Morgan DeBaun, the 28-year-old co-founder and CEO of Blavity, says to expect “a lot of innovation” from the firm in the next six to nine months. The tell: Blavity is opening an office in Atlanta to house its growing engineering and data team.

Google Ventures led the round and was joined by Comcast Ventures, Plexico Capital and former NBA star Baron Davis. Previously, Blavity raised $1.8 million from MACRO, New Media Ventures, Base Ventures, Cross Culture Ventures, Harlem Capital Partners, and the Knight Enterprise Fund.