Brazil

Movimento Black Money receives investments from NESsT and Google

Movimento Black Money receives investments from NESsT and Google

Movimento Black Money (MBM) aims to transform the economic reality of the Black community in Brazil through entrepreneurship, education, and financial services. NESsT welcomed MBM into its portfolio to initially support Mercado Black Money, an online marketplace for Black-owned businesses, sustaining its growth with capital and business mentorship. Google for Startups announced Movimento Black Money as one of the 12 new Brazilian startups that will receive equity-free funding through its Black Founders Fund.

Maré de Sabores caters campaign to vaccinate 36,000 residents in Maré, a favela in Brazil

Maré de Sabores caters campaign to vaccinate 36,000 residents in Maré, a favela in Brazil

The #VacinaMaré campaign provided Covid-19 vaccines to more than 36,000 residents over 18 years of age in the favelas of Maré. During the vaccine drive, NESsT portfolio company Maré de Sabores provided food to 900+ health professionals and volunteers, including over 2,700 snacks and 1,200 meals.

Erol Foundation announces new grant to NESsT to support impact-driven enterprises in the Amazon Basin

Erol Foundation announces new grant to NESsT to support impact-driven enterprises in the Amazon Basin

A new multi-year partnership between NESsT and Erol Foundation will improve forest conservation by catalyzing local sustainable enterprises in areas of high biodiversity. The NESsT Amazonia incubator will support 15 conservation enterprises that improve forest conservation in the Amazon basin and provide sustainable livelihoods to local communities.