Black and Latinx women founders received 0.43% of the $166 billion in VC funding from 2020. Insider is compiling a list of Black female founders who've raised $1 million or more in VC in 2021. Take a look at the link below 👇
Black and Latinx women founders received 0.43% of the $166 billion in VC funding from 2020.See more stories on Insider's business pageBlack female founders in the US face many challenges, but one of the most detrimental is the lack of funding granted to them.
Only 93 Black female founders raised $1 million or more in venture capital last year, up from 34 in 2018, found, a biennial report on the state of Black and Latinx women founders by the organization digitalundivided. What's more, Black and Latinx women founders received 0.43% of the $166 billion in VC funding given out last year. But since September 2020, 27 new Black and Latinx women founders have raised more than $1 million in funding.
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