TANTV Secures $50K Pre-Seed from Pharrell Williams Black Ambition to Advance SYNDEX for Publishers

PRINCE GEORGE'S COUNTY, Md. - Nov. 26, 2024 - PRLog -- lack-owned media-tech company TANTV (https://www.tantvstudios.com/about/) was awarded a $50,000 pre-seed investment (https://blackambitionprize.com/prize-winners?_year_prize_won=2024&_paged=2) from Pharrell Williams' Black Ambition, an organization dedicated to supporting underrepresented Black and Hispanic entrepreneurs. This funding, which contributes to TANTV's current round total of $250,000, will accelerate the development of SYNDEX, an AI-driven solution for multicultural publishers and creators. TANTV is working toward raising its $1.5 million funding goal.

TANTV is among the 30 visionary companies awarded a share of over $2.7 million at the Black Ambition Demo Day—an event celebrating the months-long journey that 3,000 entrepreneurs embarked on with TANTV emerging as one of the top finalists. Since its inception in 2020, Black Ambition has awarded approximately $13 million in capital to 131 entrepreneurs, with its network of founders generating over $265 million in revenue.

Co-founded by Adedayo Fashanu and Abolaji Omitogun, TANTV's innovative product SYNDEX is the first AI-intelligent driven local news aggregation and distribution tool for multicultural publishers and creators. "The funds will be utilized for product development (AI/ML) and team expansion," said Fashanu.

"We are in the midst of a news and misinformation crisis. Information deserts are expanding, and local newsrooms and small publishers are disappearing across America," said Fashanu, a journalist-turned-media entrepreneur and publisher. "Local, multicultural, and independent newsrooms like ours face systemic algorithmic bias, struggle with monetization, and experience challenges in audience growth and advertiser attraction. Through our work, we found that other minority publications encounter the same obstacles."

SYNDEX addresses these challenges by providing:

• Hyperlocal News: Delivering personalized, zip code-based recommendations to users while fostering community engagement.
• Publisher Support: Unlocking new revenue streams, expanding audience reach, and enabling predictive analytics for news pipelines.
• Advertiser Solutions: Offering highly targeted access to niche audiences with real-time performance tracking, all powered by advanced AI/ML and TANTV's proprietary SYNDEX algorithms.

"SYNDEX bridges a critical gap in today's media landscape by connecting independent multicultural publishers with communities through a unified, personalized platform," added Omitogun.

Beyond the investment, TANTV gained mentorship and educational opportunities from Pharrell Williams and leading entrepreneurial experts, including Tope Awotona (Founder, Calendly), Jeff Hoffman (Co-Founder, Booking.com), Pinky Cole (Founder, Slutty Vegan), Matt Story (VP, Global Brand Integrated Marketing at Visa), and Charles Phillips (Former CEO, Infor).

For more information, media inquiries, or to schedule an interview with the founders, please contact:
engage@tantvstudios.com