Crunchbase introduces Diversity Spotlight in Europe to track VC funding for minority founders, aiming to address underfunding and discrimination based on race, ethnicity, and gender.
Partners like I^3 Investing, Female Founders, Tech Nation, Black Tech Fest, and Colorintech collaborate for the feature in the UK and Europe.
Current data reveals Black founders in the UK receive less than 1% of VC funding, similar to the US. Data tracking challenges exist in countries like France and Germany.
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