Top black tech companies to invest in 2022
It is no surprise that black-owned companies are breaking major grounds, especially in the technology sector. If you are constantly watching the stock market, you will be familiar with some of the top technology companies that are ranking high as a result of recent innovations and growth patterns. Among them are several black-owned companies making a mark in the industry and drawing the right attention. Although some of these black companies are start-ups, they are worth watching out for and investing in.
If you are looking to invest in a black-owned tech company, here are some to consider in 2022.
1. Afrinanny (FamTech)
Afrinanny is an online childcare marketplace that connects black families with caregivers that understand and fit their cultural specifications. Childcare is a high demand service, especially among blacks that are concerned about cultural beliefs and a caregiver that understands the uniqueness of a black child. The World Health Organization has estimated that in 2050, 1 in three births will be a Black child. This means that the population of black children will continue to grow by larger percentages. Dr. Irene Obika and Mr. Regan Anusionwu who are psychiatric nurse practitioners had this in mind when they decided to create Afrinnany, coupled with their bad experiences when trying to get nannies online for their black kids. With a promising growth trend, Afrinanny is one black company that is worth investing in.
2. Femly (Health and Wellness)
Femly is an advanced technology company that specializes in the manufacturing of organic eco-friendly feminine care products. Its founder, Arion Long, ventured into the business after bouts with illnesses resulting from chemical components of some well-known products in the feminine care industry. With a growing market of women seeking for an organic alternative to the available feminine care product options, spurred by an eagerness to avert health complications that may arise from their use, the prospects for Femly in the health tech industry are high. A ripe lowly tapped ground for investment.
3. TheClub (Music and Entertainment)
The COVID 19 pandemic grounded a host of outdoor-based businesses while the entertainment industry took a major hit. To help entertainers get their business online, Darrel Frater founded TheClub, a revolutionary live streaming platform that allows DJs, music entertainers, and other content creators an avenue to get paid for their services. With strategic relationships with top industry players like Shady Records, Mo Thugs and N.W.A, TheClub is allowing DJs and musicians to have solid online careers that are sustainable through the years. The industry is gauged to hit over $150 billion by 2027 and TheClub is well placed to have a huge stake in the market.
4. Zyrobotics (Education Technology)
At the helm of education technology, Zyrobotics is revolutionizing the industry with differently-abled kids at the forefront of the target market. Dr. Johnetta Macalla’s and Dr. Ayanna Howard’s Zyrobotics specializes in the provision of products that improve the social, cognitive, and motor development of kids with differing abilities. With a focus on personalized smart technologies that are fun to use, Zyrobotics has taken the education technology (ed-tech) industry by storm since its establishment in 2013, progressing as a hub for investors over the years. The company works with the principle that technology is so much easier for kids to learn and develop a passion for when it is taught in a fun way. Kids can have fun learning to code, playing tech games, learning robotics or simply reading books that trigger curiosity and excitement about new technologies
5. Rebundle (Hair and Beauty)
Rebundle is a player in the cosmetic industry with a focus on making artificial hair from biodegradable non-toxic plants. Rebundle thrives as a female black-owned business and provides options in an industry where seekers of braided hair are not exactly spoiled for choice. CEO Ciara Imani May and CMO Danielle Washington co-founded the company in 2019 after May created an Instagram profile just for the purpose of owning the name. In fact, Rebundle grew to become a community of Black women seeking better alternatives for their braids than the regular synthetic hair. The environment-friendly approach of the company in product and manufacturing choices, opting for recycling plastic and synthetic hair, in addition to its avoidance of harmful chemicals, places Rebundle strategically on the path for more success soon. An investor’s dream.
6. Popcom (Retail Technology)
Popcom was founded by black female entrepreneur Dawn Dickson in 2017, to automate retail businesses and create better insights for retailers to improve their businesses. The company built a SaaS software for this purpose and connected it to an IoT platform for automated technology to form vending machines and kiosks placed at retail sites. After the outbreak of COVID 19, more demand for retail products has also increased the demand for Popcom’s technology. Recently, the company developed a software-enabled by blockchain to assist customers in the purchase of products that are regulated by the government like pharmaceuticals and ensure compliance. Popshop is an automated retail hardware that was invented by the company for which Popcom was awarded a design patent in September 2020. Popcom has raised over $3.5million in funding and is one for investors to watch out for in 2022.
7. Eco Text (Education Technology)
Eco Text allows students and lecturers to get access to free online materials for research and other academic purposes. It was founded by Joel Nkounkou in 2018, to make education more affordable and equitable. Some of its key features include note-taking, highlighting and annotations for more insights into certain academic topics. It is bridging the gap between traditional textbooks and general insights and data that students do not have access to normally thereby ensuring that students’ and professors’ knowledge are not limited. The start-up had a pre-seed investment by Millworks Fund II and is open to other investors who share the company’s dream.
Supporting black-owned tech businesses will lead to the development of the black community while creating solutions to problems that make life easier for the larger society. To get the best returns, more attention needs to be paid to the viability of investment opportunities based on a growth trajectory. This is why BLKPRENEURSHIP has decided to create awareness of some of the black-owned companies that are worth investing in. Consider the above thriving companies for maximum ROI.