Black founders only received only a fraction — 1.2 percent — of the $147 billion in venture capital invested in U.S. startups through the first half of 2021, Crunchbase numbers show. Compared to the more than 13 percent of the U.S. population that is Black or African American, those figures are concerning.
Aware of this disparity, Target and Revolt recently announced they’ve partnered to “advance Black founders who have disruptive ideas to make the world a better place Target’s multimillion-dollar investment includes $500,000 in startup funding and mentorship for founders,” per a news release.
Bet on Black, a new series where Black entrepreneurs pitch their businesses in the hopes of securing critical funding will premiere on Revolt’s digital platforms January 10 at 9 p.m. EST and extend to all platforms starting January 11 at 9 p.m. EST.
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