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What is Juneteenth?

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Juneteenth, an annual holiday commemorating the end of slavery in the United States, has been celebrated by African-Americans since the late 1800s.

But in recent years, and particularly following nationwide protests over police brutality and the deaths of George Floyd, Breonna Taylor, Ahmaud Arbery and other African-Americans this year, there is a renewed interest in the day that celebrates freedom.

This year’s celebration may resonate in new ways, given the sweeping changes and widespread protests across the U.S. President Trump had planned to hold a campaign rally in Tulsa, Okla., on the holiday, June 19. But late Friday night Mr. Trump, bowing to pressure, announced that he would delay it for one day.

Here’s a brief guide to what you should know about Juneteenth.

On June 19, 1865, about two months after the Confederate Gen. Robert E. Lee surrendered at Appomattox, Va., Union Gen. Gordon Granger arrived in Galveston, Texas, to inform enslaved African-Americans of their freedom and that the Civil War had ended. General Granger’s announcement put into effect the Emancipation Proclamation, which had been issued more than two and a half years earlier on Jan. 1, 1863, by President Abraham Lincoln.

The holiday received its name by combining June and 19. The day is also sometimes called “Juneteenth Independence Day,” “Freedom Day” or “Emancipation Day.”

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Credit…Rodolfo Gonzalez, Austin American-Statesman, via Associated Press

The original celebration became an annual one, and it grew in popularity over the years with the addition of descendants, according to Juneteenth.com, which tracks celebrations. The day was celebrated by praying and bringing families together. In some celebrations on this day, men and women who had been enslaved, and their descendants, made an annual pilgrimage back to Galveston.

Celebrations reached new heights in 1872, when a group of African-American ministers and businessmen in Houston purchased 10 acres of land and created Emancipation Park. The space was intended to hold the city’s annual Juneteenth celebration.

Today, while some celebrations take place among families in backyards where food is an integral element, some cities, like Atlanta and Washington, hold larger events, like parades and festivals with residents, local businesses and more.

Galveston has remained a busy site for Juneteenth events over the years, said Douglas Matthews, who has helped coordinate them for more than two decades. He said the city usually has about 15 events, including parades, barbecues, musical performances and a beauty contest, beginning in the first week of June. Combined, the events draw about 10,000 people in total, he said.

“This year, there’s only probably about two or three events because of the coronavirus epidemic,” he said. “We’re just happy with the significance of our Juneteenth anniversary.”

In 1980, Texas became the first state to designate Juneteenth as a holiday, though the recognition is largely symbolic. Since then, 45 other states and the District of Columbia have moved to officially recognize the day. In 2019, New Hampshire became the latest state to declare Juneteenth a state holiday.

This month, Twitter and Square, a mobile payment company, designated Juneteenth as a company holiday. Jack Dorsey, the chief executive and a founder of Twitter and Square, said the day was for “celebration, education, and connection.” Vox Media, Nike and the N.F.L. have also made similar announcements, joining others in making the celebration a paid day off.

Credit…Alexandra Wimley/Pittsburgh Post-Gazette, via Associated Press

Following the filmed killing of George Floyd, a 46-year-old African-American man who died in the custody of the Minneapolis Police last month, thousands of people around the U.S. have poured onto the streets in protest. Mr. Floyd’s name, as well as the names of Ms. Taylor, Mr. Arbery, David McAtee and others, have become rallying cries for change across the country, effectively re-energizing the Black Lives Matter movement.

That change has come in waves. In Minneapolis, officials banned the use of chokeholds and strangleholds by police, and said officers must intervene and report any use of unauthorized force.

Democrats in Congress unveiled sweeping legislation targeting misconduct and racial discrimination by the police. The bill is the most expansive intervention into policing that lawmakers have proposed in recent memory.

Companies across the business spectrum have voiced support of the Black Lives Matter movement and have either suspended or fired employees who mocked Mr. Floyd’s death or made racists remarks.

Mark Anthony Neal, an African-American studies scholar at Duke University, said there are some comparisons between the end of the Civil War to current unrest, adding that this moment feels like a “rupture.”

“The stakes are a little different,” Mr. Neal said. “Many African-Africans, black Americans, feels as though this is the first time in a long time that they have been heard in a way across the culture.”

“I think Juneteenth feels a little different now,” he said. “It’s an opportunity for folks to kind catch their breath about what has been this incredible pace of change and shifting that we’ve seen over the last couple of weeks.”

For the first time since the coronavirus outbreak shut down most of the country, Mr. Trump will return to the campaign trail. He had planned a rally in Tulsa on June 19. In 1921, the city was the site of one of country’s worst episodes of racist violence, when white mobs attacked a wealthy black business district known as Black Wall Street. The mobs destroyed more than 1,200 homes and killed as many as 300 people.

The announcement drew ire from Mr. Trump’s critics. “This isn’t just a wink to white supremacists — he’s throwing them a welcome home party,” Senator Kamala Harris of California tweeted. In response to the backlash, Brad Parscale, Mr. Trump’s campaign manager, touted Mr. Trump’s “solid record of success” for African-Americans.

Asked in an interview with Fox News on Friday if the rally was set on June 19 on purpose, Mr. Trump said no. “The fact that I’m having a rally on that day, you can really think about that very positively as a celebration,” he said, adding, “It wasn’t done for that reason. But it’s an interesting date.”

Melanye Price, a political science professor at Prairie View A&M University, a historically black university in Texas, called the planned rally on Juneteenth a “slap in the face.”

“In the middle of the largest protests we have ever seen in this country about racial justice, he shows up in a town on a day that is meant to celebrate racial freedom and liberation, in a town where the black population was decimated by racial prejudice and white supremacy,” Ms. Price said. “Who doesn’t see this as a problem?”

Late Friday night, in a Twitter message just before midnight, the president announced that the rally would be held the following day instead.

“We had previously scheduled our #MAGA Rally in Tulsa, Oklahoma, for June 19th — a big deal,” he wrote. “Unfortunately, however, this would fall on the Juneteenth Holiday. Many of my African-American friends and supporters have reached out to suggest that we consider changing the date out of respect for this Holiday, and in observance of this important occasion and all that it represents. I have therefore decided to move our rally to Saturday, June 20th, in order to honor their requests.”

Celebrate Juneteenth by making cocktails with Toni Tipton-Martin, award-winning food journalist and nutritionist, and Veronica Chambers, senior editor, Special Projects for The New York Times. They’ll be talking about their writing and how they explore race, history, memory and meaning on and off the page. Thursday, June 18 at 6 P.M. E.T.

R.S.V.P. to join virtually.

Source: https://www.nytimes.com/article/juneteenth-day-celebration.html

Crunchbase

The Briefing: RVShare raises over $100M, Google disputes charges, and more

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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RVShare raises over $100M for RV rentals

RVShare, an online marketplace for RV rentals, reportedly raised over $100 million in a financing led by private equity firms KKR and Tritium Partners.

Akron, Ohio-based RVShare has seen sharp growth in demand amid the pandemic, as more would-be travelers seek socially distanced options for hitting the road. Founded in 2013, the company matches RV owners with prospective renters, filtering by location, price and vehicle types.

Previously, RVShare had raised $50 million in known funding, per Crunchbase data, from Tritium Partners. The company is one of several players in the RV rental space, and competes alongside Outdoorsy, a peer-to-peer RV marketplace that has raised $75 million in venture funding.

Funding news

  • BrightFarms closes on $100M: Indoor farming company BrightFarms said it secured more than $100 million in debt and new equity capital to support expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
  • Anyscale inks $40MAnyscale, the Berkeley-based company behind the Ray open source project for building applications, announced $40 million in an oversubscribed Series B funding round. Existing investor NEA led the round and was joined by Andreessen Horowitz, Intel Capital and Foundation Capital. The new funding brings Anyscale’s total funding to more than $60 million.
  • Klar deposits $15M: Mexican fintech Klar closed on $15 million in Series A funding, led by Prosus Ventures, with participation from new investor International Finance Corporation and existing investors Quona Capital, Mouro Capital and Acrew. The round brings total funding raised to approximately $72 million since the company was founded in 2019. The funds are intended to grow Klar’s engineering capabilities in both its Berlin and Mexico hubs.
  • O(1) Labs rakes in $10.9M: O(1) Labs, the team behind the cryptocurrency Mina, announced $10.9 million in a strategic investment round. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures.
  • Blustream bags $3M: After-sale customer engagement company Blustream said it raised $3 million in seed funding for product usage data and digital transformation efforts for physical goods companies via the Blustream Product Experience Platform. York IE led the round of funding for the Worcester, Massachusetts-based company with additional support from existing investors.Pillar secures another $1.5M: Pillar, a startup that helps families protect and care for their loved ones, raised $1.5 million in a seed extension to close at $7 million, The round was led by Kleiner Perkins.

Other news

  • Google rejects DOJ antitrust arguments: In the wake of a widely anticipated U.S. Justice Department antitrust suit against Google, the search giant disputed the charges in a statement, maintaining that: “People use Google because they choose to, not because they’re forced to, or because they can’t find alternatives.”
  • Facebook said to test Nextdoor rival: Facebook is reportedly testing a service similar to popular neighborhood-focused social Nextdoor. Called Neighborhoods, the feature reportedly suggests local neighborhood groups to join on Facebook.

Illustration: Dom Guzman

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/briefing-10-21-20/

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Syte Sees $30M Series C For Product Discovery

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Online shopping has become the norm for most people in 2020, even coaxing traditional retail brands to up their presence to stay competitive. However, now that shoppers can’t see and touch products like they used to, e-commerce discovery has become a crucial element for customer acquisition and retention.

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Enter Syte, an Israel-based company that touts creating the world’s first product discovery platform that utilizes the senses, such as visual, text and voice, and then leverages visual artificial intelligence and next-generation personalization to create individualized and memorable customer experiences, Syte co-founder and CEO Ofer Fryman told Crunchbase News.

To execute on this, the company raised $30 million in Series C funding and an additional $10 million in debt. Viola Ventures led the round and was joined by LG Technology Ventures, La Maison, MizMaa Ventures and Kreos Capital, as well as existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures and KDS Media Fund.

This brings the company’s total fundraising to $71 million since its inception in 2015. That includes a $21.5 million Series B, also led by Viola, in 2019, according to Crunchbase data.

Fryman intends for the new funding to be put to work on product enhancements and geographic expansion. Syte already has an established customer base in Europe, the Middle East and Africa, and will now focus expansion in the U.S. and Asia-Pacific.

Meanwhile, Syte has grown 22 percent quarter over quarter, as well as experienced a 38 percent expansion of its customer base since the beginning of 2020.

“Since we crossed $1 million annual recurring revenue, we have been tripling revenue while also becoming more efficient,” Fryman said. “We can accelerate growth as well as build an amazing technology and solution for a business that needs it right now. We plan to grow further, and even though our SaaS metrics are excellent right now, our goal is to improve them.”

Anshul Agarwal, managing director at LG Technology Ventures, said Syte was an attractive investment due in part to its unique technology.

“They have a deep-learning system and have created a new category, product discovery that will enable online shopping in a way we never had the ability to do before,” Agarwal said. “The product market fit was also unique. We believe in the strong execution by the team and the rapid growth in SaaS. We looked at many different companies, and the SaaS metrics that Syte showed are the strongest we’ve seen in a while.”

Illustration: Li-Anne Dias

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/syte-sees-30m-series-c-for-product-discovery/

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Coinpedia

GenTech Proudly Secures Deal with TruLife Distribution to Drive Growth in SINFIT Digital Sales

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Denver, CO, October 21, 2020 – OTC PR WIRE – GenTech Holdings, Inc. (OTC PINK: GTEH) (“GenTech” or the “Company”), an emerging leader in the high-end Premium Coffee (www.secretjavas.com), Hemp Wellness (www.hakunasupply.com) and Functional Foods (www.SINFITnutrition.com) marketplaces, along with its SINFIT Nutrition brand (“SINFIT”), is excited to announce that the Company has signed a new marketing, sales, and distribution agreement (the “Agreement”) with TruLife Distribution (“TruLife”) (TruLifeDist.com), a leader in marketing, distribution, compliance, e-commerce, and advisory services in the Functional Foods marketplace. The main focus of the new Agreement will be to accelerate the growth of e-commerce sales of SINFIT products, particularly over the Amazon.com platform.

TruLife provides direct access to sales on Amazon, Walmart, Rakuten, Wish, TopHatter, and other top e-commerce platforms, allowing clients to instantly list, ship, and sell products through any major platform, with an experienced team of experts and a proven track record of success in brand placement and digital sales strategies.

“We have already demonstrated a significant & expansive growth curve since taking control of the SINFIT brand in June,” commented Harold Vaca, VP Domestic Sales of SINFIT. “But the vast majority of that growth has been driven by large purchase orders from major distribution partners, both domestic and international. We are also committed to aggressively pursuing end-market consumer direct purchases through our e-commerce footprint, which will provide additional growth and diversify our cash flow ecosystem, making our overall strategy less dependent upon any one source of demand, while driving further growth in total sales.”

Management notes that e-commerce sales represent a sizeable portion of overall retail sales growth worldwide, with more than $3.5 trillion in online sales accounting for over 14% of total pre-pandemic global retail sales. Since the onset of the global health crisis, that ratio has shifted decisively further in favor of e-commerce sales, which is not likely to entirely revert back upon the advent of a viable and widely accessible vaccine.

Vaca added, “We have seen an epic process of market penetration for e-commerce platforms this year as major online retailers have begun to reach a much wider base of consumers – people who haven’t ever shopped much online, but have been forced to during recent months out of personal health concerns. Many of them will almost certainly continue to make use of e-commerce now that they have tried it out, at least to some extent, making e-commerce an essential sales channel for SINFIT products. TruLife has the network, team, experience, and resources to dramatically augment our e-commerce performance.”

SINFIT branded products registered over $2.2 million in global sales in 2019, and are now approved for sale and available for purchase on the Walmart.com and Amazon.com e-commerce platforms as well as in over 2,500 GNC locations in North America and over 10,000 global physical and e-commerce stores across more than 10 countries around the world.

SINFIT products as well-positioned relative to peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).

About GenTech Holdings, Inc.:

GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company launched a high-end Coffee Subscription service in early 2020 called Secret Javas, owns a Functional Food company, SINFIT Nutrition and recently closed its acquisition on Products-Groups’ “Hakuna Supply”.

Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of GenTech, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of GenTech, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on GenTech’s future results. The forward-looking statements included in this press release are made only as of the date hereof. GenTech cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GenTech undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by GenTech.

Corporate Contact:
invest@gentech.group

www.gentechholdings.com

Source: https://otcprwire.com/gentech-proudly-secures-deal-with-trulife-distribution-to-drive-growth-in-sinfit-digital-sales/

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