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some. good. News.
According to the latest Crunchbase data, black startup founders in the United States raised around $264 million of the total $33.6 billion in venture capital allocated in Q4 2022. This is higher than the $178 million – or 0.43% – the group collected in Q3.
Overall, black founders in the U.S. raised an estimated $2.254 billion of the $215.9 billion. In the US venture capital allocated last year. That’s down slightly from the 1.3% raised in 2021 to about 1%. Let’s break this down.
“When the macroeconomic situation collapsed, investors who preached D&I disappeared, and their implicit biases became more apparent.” De’Havia Stewart, Investor, BLCK VC
Thus, black founders in the United States accounted for 0.79 percent of VC funding raised in Q4 2022. During the bear market, there was a fear that investors would retreat to old-school networks, and the total amount of funding black founders received last year. That’s about half of what they’ll collect in 2021 — a record $4.34 billion (about $330 billion in the U.S. and $681 billion worldwide).
Although the year Despite a record-breaking 2021, that amount equates to just 1.3% of capital raised in the US. Regardless, the exact percentage of funds raised for this group doesn’t seem to be moving, even as more and more capital is flooding the markets.
T. CallowayFounder of fintech ColdHe told TechCrunch that as a black founder, it’s embarrassing to always be associated with negative statistics, especially as he’s tried to raise money.
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