Community knowledge sharing startup 7th Ave raises $2.5m seed round
7th Ave, a knowledge sharing platform for Black professionals, creatives, entrepreneurs, and students announced a $2.5 million seed round led by MaC Venture Capital, with additional investment from Twitter and Backstage Capital, to create a space where mindful discovery, discussion, and community take place with a group of people who have similar life experiences.
Users will be able to curate the content they share on their profiles through creating boards, similar to Pinterest. This takes curating across the community to the next level. Lastly, 7th Ave offers a range of audio features that connect users based on their interest, allowing users to foster relationships at a quicker and deeper pace.
7th Ave is a community platform aggregating the Black digital experience. 7th Ave acts as your one stop show allowing users to integrate content they consume across the internet all in one place. Their intention is to create a space where mindful sharing takes place. Users will be able to curate the content they share on their profiles through creating boards, similar to Pinterest. This takes curating across the community to the next level. Lastly, 7th Ave offers a range of audio features that connect users based on their interest, allowing users to foster relationships at a quicker and deeper pace.
The Black community has a massive digital footprint globally (1.2B). In an era of tik tok dances and internet trends starting within the Black community, many creatives are frustrated by the lack of protection and credit they receive online (ex. Black Tik Tok creators on strike). Today, there is a huge void in the Black digital experience. The homes and spaces that have housed Black culture and community in the physical world, do not translate to the digital world. Additionally, the owners of the platforms most commonly used today are not Black-owned.
Brylan Donaldson, Co-founder, 7th Ave: "Our mission is to create a space that celebrates Blackness in all its forms. We see 7th Ave as a tool for our community. A tool that can help connect us globally and build a foundation for honoring, hosting and harnessing the power of Black communities, IN community."
7th Ave believes in order to build for the community, they must build with the community. This is why they have gone boots on the ground in cities like LA, NY, ATL, HTX, and DC collaborating with various events, vendors, and creatives to ask folks exactly what they want.
Diaundra Jones, Co-founder, 7th Ave: "We want to celebrate the intersectionality and diversity of the Black community, which is why it's so important to be with the people and hear directly from them what they would want their digital home to look like. Being feet on the ground has allowed us to take in so many different perspectives and ideas. We believe community is everything. We believe home is a state of mind, one that starts within us. Home can take on many definitions, but one constant remains: Home is the place that you can authentically be yourself. We want to create the space for our community to feel seen and heard. Our mission is to ensure no matter where we are physically on this earth, that we always feel like we have a place to call home."
Along with building with the community, the team believes in celebrating the community. They have released various community spotlights, podcasts, and newsletter all centered around amplifying the work and craft of the community.
Marlon Nichols, Founder and Managing Partner, MaC Venture Capital: "7th Ave is addressing a community concern that has been left unfilled for far too long. We are in a time where physiological safety online needs to be front and center. It's great to see the team focus on general community empathy and empowerment."
MaC Venture Capital has backed impressive companies such as Blavity, Gimlet Media, Pipe, Thrive Market and Wonderschool to name a few.
Arlan Hamilton, Founder and Managing Partner, Backstage Capital: "We firmly believe in the future of audio-first market opportunities, especially one that centers on and is built by the Black experience. 7th Ave allows Black creatives and creators a space to flourish and thrive. Brylan and Diaundra are building for the community by focusing on its needs."
7th Ave has also officially launched to the app store.