Funding to Black founders has been on a steady decline since 2021, implying that investors have either lost interest or focus on backing Black founders. Last year, Crunchbase found that Black founders in the U.S. raised 0.48% of all venture dollars allocated - around $661 million out of $136 billion.
In 2022, Black founders raised just 1% of all venture funding, a drop from the 1.3% raised in the record-breaking year 2021. Black entrepreneurs continue to call for more opportunities, money, trust, less bias, and less pattern-matching in the ecosystem.
Women founders have experienced consistent funding around 2%. Mixed-gender teams have seen increasing funding levels, indicating that women founders may receive larger checks if they have a male co-founder.
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