“Although black women are the fastest-growing group of entrepreneurs in the U.S., they receive less than 1% of venture funding.”
December 23, 2019Frustrated by the lack of communication between parents and educators, Shani Dowell created a platform that helps parents stay connected to their child’s teachers and school administrators. In 2017, the mother and former math teacher launched, an app that prompts parents to text weekly feedback on how schools and teachers are doing. In turn, the schools use the parents’ feedback as data to track trends and solve problems.
In addition to its 50,000 users, Possip recently hit another milestone. On Dec. 17, the company announced that it raised $1,020,000 in venture funding, making Dowell the first black female founder in the state of Tennessee to raise $1 million in capital. She’s also one of the less thanInvestors in the startup’s new funding round include the, a public-private partnership that supports entrepreneurs, along with angel investors.
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