Although there’s been an increase in the amount of venture capital invested into the startups of Black female entrepreneurs, data and personal accounts make it clear that a lot more work needs to be done.
Earlier this month, Crunchbase’s data highlighted that “while Black female startup founders have received just 0.34 percent of the total venture capital spent in the U.S. so far this year — a far cry from being representative — the dollars invested in their companies is on the rise.
However, venture capital investments for Black women with U.S.-based startups is set “to outpace the past five years.” Moreover, “Black women are better represented in the subset of funded Black founders than women in general are among all the funded startups in the U.S.”
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