US startups led by Black women raised ~$494M so far in 2021, surpassing the $484M raised in all of 2020 but just 0.34% of the total US venture funding in 2021
Editor's note: This article is part of Something Ventured, an ongoing series by Crunchbase News examining diversity and access … Tweets: @elektrkshepherd , @tunisharpe , @psb_dc , and @danprimack Tweets: Matt Svoboda / @elektrkshepherd : Let's boil down intersectional theory into just a few lazy calculations! Black % of US: 13.4 Black female % of US: 7.0% Funding share for Black founders: 1.2%. Black female founders: 0.3% So being Black is ~10x less opp, whereas Black+female is ~20x https://news.crunchbase.com/ ... Tuni Sharpe / @tunisharpe : “Black female startup founders have received just 0.34% of the total venture capital spent in the U.S. in 2021.” “VC funding to U.S. startups led by Black women is on track to outpace the past five years” Shout out to @foundergym ! https://news.crunchbase.com/ ... Theodora / @psb_dc : While the $ funding to Black founders is up, it only represents just 1.2% of the record $147B in #VC #funding invested in U.S. #startups thru 1H2021. cc @ArlanWasHere @stephfoster2020 @LMAtem @SonyaDreizler @SabineVdL https://news.crunchbase.com/ ... via @SophiaKunthara @crunchbasenews https://twitter.com/... Dan Primack / @danprimack : Black Women Still Receive Just A Tiny Fraction Of VC Funding Despite 5-Year High https://news.crunchbase.com/ ... via @crunchbasenews