Several. good. news.
U.S. black startup founders raised about $264 million out of a total of $33.6 billion in venture capital allocated in Q4 2022, according to the latest data from Crunchbase.
In total, American Black founders raised an estimated $2.254 billion out of $215.9 billion. In US venture capital allocated last year. That’s about 1%, down slightly from the 1.3% raised in 2021. Let’s analyze this.
“When the macroeconomic environment collapsed, the investors who preached D&I disappeared and their implicit biases became more apparent.” BLCK VC investor De’Havia Stewart
As such, Black founders in the United States received about 0.79% of VC funding raised in Q4 2022. During the bear market, there was concern that investors would retreat to the old-fashioned network, and the last total amount of funding received by a black founder was a record $4.34 billion ( about $330 billion in the US and $681 billion globally).
Despite a record-breaking 2021, that amount represents just 1.3% of all capital raised in the US alone. However, the actual percentage of funding raised for this cohort appears to be largely static.
thai callawayFounder of Fintech coolertold TechCrunch it’s embarrassing that black founders, especially those looking to raise money, are always associated with negative statistics.
