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REVOLT and Target Co-create ‘Bet on Black’ Series to Invest in Entrepreneurs Building Companies that Advance the Black Community

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In each episode, investors and pioneers in the industry will listen to the ideas of today’s most brilliant black entrepreneurs and identify the projects they believe will drive the needle into black culture and the community to receive funding. The series aims to invest in businesses that build communities, support social justice and create lasting change, with one entrepreneur eventually moving away with $ 200,000 Funded and directed by Target. Each chapter will present the business ideas of three innovative entrepreneurs working to revolutionize a variety of industries – from technology and entertainment to style, beauty and beyond.

“We appreciate Target for being a fearless partner who understands and supports our vision to launch programs like Bet on black, Which are expanding beyond entertainment to inform and inspire our community in every category, ”said Datvio Samuels, CEO of REVOLT. “Empowering black entrepreneurs begins with providing access to the capital, training and resources they need to build companies that revolutionize industries and make a world-wide impact.”

With this new series, REVOLT is realizing its commitment to supporting large-scale black changes. Overall, Target will provide participants $ 500,000 Secured funding – without asking founders to give up equity – along with one-on-one meetings with a Target executive for the four finalists.

“Target has a long history of collaborating with diverse media organizations to reach our guests, and we are committed to increasing our investments with black-owned media companies and better supporting black entrepreneurs,” he said. Morris Cooper, Senior Vice President of Brand Marketing and Categories for Target. “We are proud of our groundbreaking partnership with REVOLT, which opens up inventive and influential ways to connect and bring joy to our guests. Our investment not only enables the creation of a must-have series, it will also fundamentally change the path of worthy black enterprises.”

Target’s multimillion-dollar investment in the series is one of many that support its Action Strategy and Racial Change (REACH) to create an environment where black guests feel more welcome and represented in Target. The retailer committed Spend at least five percent of its annual media budget with black-owned media companies each year, starting in 2022. The company has Committed waste $ 2 billion With black-owned businesses and increase the number of products from black-owned businesses to more than 500 in stores and online by the end of 2025. Target also launched Kadima Founders, A start-up accelerator program designed to involve black entrepreneurs at an earlier stage in their start-up journeys to help them navigate the critical stages of ideas, product development and mass retail scale.

Bet on black It will premiere on REVOLT’s digital platforms on January 10 at 21:00 EST And extend to all applicable platforms January 11th B- 21:00 EST.

On REVOLT TV
REVOLT is the leading multimedia platform owned and operated by Black that serves content 24/7 across digital, linear and live media channels. The platform produces rich content and original material with the biggest names in hip hop, along with news reports, current events, trends and announcements within the black culture movement and the hip hop world. REVOLT prides itself on its diversity, both in its mindset and in its company composition, and further instills its dedication to culture among its staff and audiences. REVOLT was founded by Sean “Didi” Combs in 2013, and attracts over 50 million viewers of the millennial generation and Jenner Z using their authentic and disruptive materials across all platforms. In 2021, REVOLT will launch a new digital app where users will be able to watch extended editions, live updates of relevant news, exclusive promotions and much more. For more information on REVOLT’s digital content, please visit https://www.revolt.tv/ And visit https://revolt.tv/listings For local playlists.

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