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Funding Gap: Black & Latinx Founders.pdf

2020_crunchbase_diversity_report.pdf
Preview of Funding Gap: Black & Latinx Founders
🔗 Source: about.crunchbase.com
📊 Size: 2.04 MB
📄 Pages: 31 pages
⬇️ Downloads: 46

Summary

- Crunchbase launched Diversity Spotlight in 2020 to track funding for Black and Latinx founders in the U.S.
- Historically, funding for these founders has been significantly lower compared to non-minority groups.
- As of August 2020, over 970 Black and Latinx-founded companies have raised venture funding since 2015, totaling $15 billion (2.4% of total VC funding).
- In 2020, these founders raised $2.3 billion (2.6% of funding by August 31, 2020).
- The San Francisco Bay Area and Greater New York area are top regions for investing in these founders, but representation remains low (1.8% and 5.2% respectively).
- 36% of Black and Latinx-founded companies have a female founder, higher than the broader U.S. average of 21%.

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Description

Historically, funding for Black and Latinx founders has lagged behind nonminority groups. Our analysis of race and ethnicity data reveals a significant gap in funding.

Technical Information

  • File Format: PDF
  • File Size: 2.04 MB
  • Pages: 31
  • Language: EN
  • Total Downloads: 46
  • Last Updated: 1 week ago

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