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Friday, July 19, 2019

Another Black Woman-Owned Startup Makes History — Raises $1 Million in Funding!

Tech entrepreneur Caroline Wilson has launched AfroAvenue, a hybrid social media e-commerce platform, with 7 figures first round funds raised to join internet giants.

Caroline Wilson, CEO/founder of AfroAvenue

Caroline Wilson, CEO/founder of AfroAvenue

London, UK — AfroAvenue is pleased to announce the launch of its app for its award-winning platform, AfroAvenue.com.

Founder & CEO Caroline Wilson, the brainchild behind AfroAvenue.com, created the website and app after securing first round funding of over $1 million from investors. Located in Tech City in London and with almost 100,000 followers across social media and a growing member base AfroAvenue.com has come a long way. The site is free to join and is a global urban social media e-commerce platform, which allows its users to connect, share, buy, sell and discover with other members of its global community.

AfroAvenue.com comes at a time when diversity in tech is much needed, as so few ethnic minorities hold leadership positions in technology companies. In the US, the figure is 17 percent while in the UK, the share is significantly lower at 2.6 percent based on a report by Colorintech. Caroline has defied incredible odds to get AfroAvenue to where it is today. Only 34 women of color globally have been able to raise over $1 million in venture funding since 2009.

Caroline comments, “We are looking forward to growing further in 2019 after a successful soft launch last year. We are really excited to roll out the full site to the USA this year after the success of our soft launch in the UK. I would like to give a heartfelt thanks to all of the members of the AfroAvenue community for their continued support of AfroAvenue.com.”


About AfroAvenue
AfroAvenue.com is the must have award winning digital destination for the urban community to connect, share, buy, sell and discover. Join AfroAvenue at www.afroavenue.com and connect, share, buy, sell & discover today. Download the app from the iTunes App Store or Google Play Store.

For further information (including interest in joining the second funding round), please contact the company at info@afroavenue.com

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