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Black Tech Entrepreneurship in Canada| Selected

Tara Johnson Tara Johnson
February 17, 2021

Since there’s no way we could shine our light on the entire community of Black entrepreneurial movers & shakers in only 1 month, we’re excited to announce that we’ll be publishing a new dedicated article every month to keep up the momentum by passing the mic as far & wide as possible!

Fantastic Black Canadians that you should know & celebrate.

Read the list here. Listen here.

Celebrating these 8 fantastic Black tech entrepreneurs:

Aisha Addo, Founder @PowertoGirls

#SocialEnterprise #Appdev

  • Powered by Power to Girls the My Power App is the first mentorship and social connection app for girls 12 – 20 .

Alexandra McCalla, Co-founder & COO @AirMatrix

#Transportation #Connectivity

  • “Keep your city skies clear, safe, and under control with the world’s most precise, autonomous drone roads.”

Arsene Toumani, Co-Founder & CTO  @Telos Touch

#Software #Connectivity

  • “Redefining how people work together. Our mission is to bring people closer together to better serve each other.”

Boyd Reid, Co-Founder & COO @Hop In Tech

#Transportation #Connectivity

  • “Hop In provides a logistics software services to offer customized corporate shuttle solutions for the daily commute.”

Manu Kabahizi, Co-founder and CTO @Ulula

#Connectivity #SocialEnterprise

  • “Our mobile tech helps organizations get direct feedback from workers & communities around the world to understand and improve working conditions and well-being.”

Nadia Hamilton, President & Founder @Magnusmode

#Inclusivity #AppDev

  • “Our mission is to create practical tools that improve everyday experiences and enable people with cognitive disabilities to participate in the world in ways that are meaningful to them.”

Renee Raymond, Director @Daya Lens

#MedicalDevices #ImmersiveTech

  • “Daya Lens offers a more accessible way for mental health therapists to facilitate exposure therapy. We develop immersive environments using VR, allowing therapists and individuals the ability to take care of their mental health anywhere.”

Tash Jefferies, Founder @Diversa.work & @Tash Jefferies

#Communication #Consulting

  • “Don’t be afraid to be bold, be visible, embrace your own natural gifts and quirks, and share yourself with the world. The world needs more diversity of voices and people able to be authentic and comfortable with who they are.”
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Entrepreneur Spotlight: Boyd Reid, @Hop In Tech

Why work in tech?
“My goal as a black tech entrepreneur is to develop solutions to provide access for marginalized communities and other vulnerable sectors so that they can have fair opportunity for work.”

How does Hop In contribute to your goal?

“Hop In Tech works with companies by using logistics software to mobilize shuttle services to improve accessibility to work. Those who benefit the most from this service are those without their own personal vehicle which tend to be low income earners and marginalized communities (i.e essential workforce). By bridging the transportation gap with Hop In Tech, I hope to level the playing field when it comes to access to job opportunity.”

How has COVID-19 impacted your work?
“During, the COVID-19 Pandemic, Hop In Tech was a source of safe transportation for essential employees commuting to work. Hop In Tech’s logistics software mobilizes shuttle services to fill the gaps that are left by public transit options. As companies look to return to work, Hop In Tech is making the transition more efficient and more safe with the implementation of symptom tracking and rapid testing to add to their host of Employee Commuting Solutions.”

“During the summer of 2020, Hop In Tech started the COVID Initiative to help support our Front Line Heroes. Since then Hop In Tech has delivered over 100 free meals, provided over 250 km of free rides, and donated over 25,000 masks to front line health care workers.”

Inspired by these 7 fantastic Black entrepreneurship organizations:

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Organization Spotlight: BlackMINT

What is your vision?

“At BlackMint, we see phenomenal value in serving as a resource to Black youth by contributing to the advancement of Black youth in technology related fields, promoting meaningful dialogue and providing services and resources that drive measurable outcomes to overcome the systemic imbalances.”

Why is this important?

“Black people are 3.5% of the Canadian population but only 2.6% of the tech workforce. This needs to change.”

What’s happening now?

  • BlackMINT has formally launched its mentorship program with its first cohort of 25 mentees.
  • The BlackMINT podcast highlights black tech professionals who are doing interesting things in the industry. Check it out.
  • We are honored and thankful to the Black Professionals in  Tech Network (BPTN) for their $10,000 donation which will help us expand our mentorship program to more students.
  • We are currently looking for more black tech mentors and technology partners to help us with out programming (more information available by reaching out directly to us).

4 articles on the Black entrepreneurship ecosystem in Canada (& it’s areas for improvement):

Edgar Brown’s FYT Brings The Valley Mindset To Canada
Edgar Brown conceives of launching a start-up as process with multiple steps: first a founder needs to immerse themselves in the entrepreneurial culture as he did during his time at university before they can take action by embarking on a business venture.
blankForbesKarl Moore
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‘I don’t want to be a unicorn’: Black founders struggle to raise venture capital
When Lola Adeyemi started a company making chickpea stews and roasted carrot soups like the ones she grew up eating in Africa, she was expec…
thestar.comTDBy Tara DeschampsThe Canadian PressWed., Feb. 10, 2021timer4 min. read

Black entrepreneurs in Canada struggle to raise money from venture capitalists
Venture capitalists pour money into companies run by people in their existing networks, which are predominantly white and male
Financial PostThe Canadian Press

Why Are There So Few Black Entrepreneurs in Canadian Tech?
RBC Disruptors looks at the under-representation black people in tech entrepreneurship and what is being done toward change.
RBC
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3 upcoming events for Black entrepreneurs in Canada:

  • Level UP – The Finance Masterclass for Black Business Owners – Every Tuesday, Jan 19-April 13. Register here.
  • Black Can Tech: Excelling in the Tech Ecosystem  – Feb 25. Register here.
  • World-Class User Experiences (UX): Inclusive by Design – Presented by TWG – Feb 25. Register here.
  • 2021 Unity and Inclusion Summit – April 7 & 8. Register here.

Note: This article will be updated as we discover & hear from more Black entrepreneurs! Stay tuned for next week’s article Highlighting Black Entrepreneurs in the United States

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Tara Johnson

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Fundraising 3 hours ago

London-based AI laboratory Ineffable Intelligence has emerged from stealth with a $1.1 billion seed round at a $5.1 billion post-money valuation, the company confirmed on 27 April 2026. The financing is the largest seed round ever raised by a European company and one of the largest first-money-in rounds in the global history of artificial intelligence. The round was co-led by Sequoia Capital and Lightspeed Venture Partners. Participating investors included Nvidia, DST Global, Index Ventures, Google, and the UK Sovereign AI Fund, the British government’s recently established vehicle for backing strategic AI capacity on home soil. A bet on a different path to general intelligence Ineffable Intelligence was founded in 2025 by David Silver, the former Vice President of Reinforcement Learning at Google DeepMind and the principal architect of AlphaGo, AlphaZero and AlphaStar. He is joined by three further DeepMind alumni: Wojciech Czarnecki, Lasse Espeholt and Junhyuk Oh. All four have spent the past decade at the frontier of reinforcement learning research, the discipline behind some of the most consequential demonstrations of machine learning over the past ten years. The company describes its objective as building a “superlearner” — an AI system capable of acquiring knowledge directly from its own experience rather than from human-generated text or imagery. “Our mission is to make first contact with superintelligence,” Silver said in a statement accompanying the launch. “We are creating a superlearner that discovers all knowledge from its own experience, from elementary motor skills through to profound intellectual breakthroughs.” The framing is a deliberate departure from the dominant industry trajectory. Most leading AI laboratories, including OpenAI, Anthropic and Google DeepMind itself, have built large language models trained primarily on the corpus of the internet, then refined that training with human feedback. Ineffable’s wager is that the marginal returns on scaling text-based pretraining are diminishing and that the next leap in capability will come from agents that learn endlessly from the consequences of their own actions, in much the same way AlphaZero learnt the game of Go without studying any human matches. Why $1.1 billion at seed The size of the round is unusual even by the inflated standards of the 2026 AI capital cycle. Two factors appear to explain it. First, frontier reinforcement learning at the scale Ineffable describes is computationally extraordinarily expensive: the company will need to operate vast simulation environments and train very large models against them, an undertaking that consumes capital at a rate closer to physical R&D than to traditional software. Second, the round signals a strategic move by Europe’s investor and policy ecosystems to retain the most ambitious AI researchers on the continent. The presence of the UK Sovereign AI Fund alongside Sequoia, Lightspeed and Nvidia is the clearest expression of that intent. The British government has publicly framed the investment as a bet on breakthrough AI that “can discover new knowledge”, positioning the country as a willing co-investor in domestic frontier laboratories. For Ineffable, the implication is access not only to capital but to compute, regulatory engagement and the still-resilient academic talent base around UCL, Oxford, Cambridge and Imperial. Founder pledge of historic scale Alongside the funding announcement, Silver disclosed that he is committing 100 per cent of any personal proceeds from his Ineffable equity to charity via the Founders Pledge network — described by the organisation as the largest pledge in its history. At the round’s $5.1 billion valuation, that commitment could ultimately exceed several billion dollars if the company succeeds. It is a meaningful gesture in a sector where the reputational stakes around concentrated AI wealth are escalating, and one likely to be referenced in subsequent founder-led commitments. Implications for the European AI landscape Ineffable’s emergence reshapes the European AI map in three concrete ways. It establishes London as the home of the continent’s largest-ever seed-stage company, complicating Paris’s recent narrative of frontier-AI primacy after Mistral’s earlier rounds. It validates a thesis — that reinforcement learning, not transformer scaling, is the next frontier — that has lately been losing capital share to language-model incumbents. And it confirms that the UK government is now willing to act as a balance-sheet co-investor in domestic AI laboratories, a posture much closer to the French model than to the predominantly grant-based regimes elsewhere in Europe. The execution risk is non-trivial. Reinforcement learning at frontier scale has historically required years of careful environment design before producing competitive systems, and Ineffable’s “first contact” framing sets a high bar against which it will be judged. But for now, with a billion dollars on the balance sheet, four of the discipline’s most accomplished researchers in the founding team and a sovereign co-investor at its back, Ineffable Intelligence is the most heavily resourced new entrant in the European AI cycle. Sesamers covers European fundraising rounds across deeptech, fintech and AI. Source: tech.eu.

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