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Kyrie Irving launches a consulting firm for underrepresented businesses

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Nicole Sweet- USA TODAY Sports

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Brooklyn Nets player, Kyrie Irving and his company, KAI Family Enterprise, announced the launch of KAI Eleven Consulting, LLC also known as KAI 11 Consulting. 

His business consulting firm was created to assist underrepresented businesses across a multitude of industries. KAI 11 Consulting intends to provide programs and mentoring that will give independent business owners and personnel access to seasoned development coaches, area managers, and growth groups that will also offer roadmaps to scaling and cultivating efficiencies. 

 “KAI Eleven Consulting’s business model seeks to provide a more equitable process that eliminates systemic barriers to entry,” Irving said in a statement. 

KAI 11 Consulting was co-founded earlier this year with Michael Loeb, Bonin Bough, and Marcus Glover, co-founders of Lockstep Ventures, as they will provide resources that lessen the financial gap divide in various communities.

Lockstep Ventures is a venture capital firm that with Irving’s help has raised $25 million to invest in about 20 businesses. The two firms plan to work together on each investment to help it succeed and grow.

“We must give our people the proper resources and stewardship for them to win beyond traditional investment vehicles,” said Irving in a written statement. “This is not only essential to closing the wealth gap, but it also fosters a more unified, empowered, and liberated society.”

Their first investment includes $500,000 in seed money for Fleeting, an Atlanta-based, black-owned commercial trucking company that has committed to hiring women and people who were formerly incarcerated. In addition to a three-month training program for a commercial drivers license for new hires, Fleeting offers incentives for women truckers and those with families by providing flexible hours and access to shorter trips.

Lockstep has developed a plan to invest in companies that address racial disparity in health, criminal justice, financial literacy and education.

To learn more about KAI Eleven Consulting, LLC, you can send an email to info@kai11consulting.com and be added to the mailing list.