Credit: Black Girl Magic Digital Summit By Jasmine Browley ·August 24, 2021August 24, 2021
Black women are among the fastest-growing segment of entrepreneurs in the US but receive only a fraction of the funding they need and deserve. According to ProjectDiane, at the start of 2018, only 34 Black women had raised $1 million or more in outside investments for their businesses. Although these numbers are slowly shifting up, we have a long way to go before Black women entrepreneurs are on a level playing field.
As a part of their ongoing mission to help foster racial wealth equity, Capital One Business, in partnership with Boss Women Media, launched the PTSD, and Asthma. After being diagnosed with anxiety and depression, and not wanting to take medication, she discovered aromatherapy and burned candles to calm her environment and to keep anxiety attacks at bay. Monisha started Scent & Fire after researching the benefits of essential oils and started curating her own scent blends in soy wax.
Scent & Fire Candle Company creates eco-luxury candles and fragrant consumables made from raw materials that will be paired with a digital wellness app to provide free and low-cost mental health resources and education on sustainable wellness practices to help destigmatize mental health in marginalized communities.
Second Place – Ashley Young, Bridal Babes based in Beltsville, MD
After struggling to find the perfect bridesmaid gowns for her diverse and shapely bridal party, Ashley knew she had to look elsewhere to achieve the vision she had for her big day – a regular clothing website. Born from what traditional wedding clothing sites and boutiques lack, and inspired by the gaping hole in a $72 billion industry that is largely dominated by white business owners, designers, and influencers, Ashley got to work creating Bridal Babes.
Bridal Babes is an online bridal-wear boutique offering an array of affordable and fashion-forward bridesmaid dresses and contemporary bridal attire with sizing up to 3XL and in over 30 colors.
Third Place – Jacquelyn Rodgers, Greentop Gifts based in Atlanta, GA
The holiday décor options for Black Americans is limited – gift wrap and stationery lack diversity and representation for many families. Growing up, Jacquelyn remembers her mother putting Christmas trees in every corner of their house and painting angels and Santa figurines to look like her family for the holidays. She created memories from those moments and those memories are part of the inspiration behind Greentop Gifts.
Greentop Gifts brings diversity to celebrations with apparel, home décor, and stationery. Jacquelyn and her husband began Greentop Gifts in 2016 making Christmas products solely for their two-year-old son and they have continued to spread joy to thousands of other households across the United States expanding to other holidays and special celebrations.
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