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USA Today – December 8, 2020 – Black women and Latina entrepreneurs get less than 1% of venture capital

Black women and Latinas are raising more venture capital funding than ever, tapping into Silicon Valley’s wealth-generating machine amid the nation’s racial reckoning, but funding parity is still a pipe dream for women of color, according to a new report.

Black women and Latinas are raising more venture capital funding than ever, tapping into Silicon Valley’s wealth-generating machine amid the nation’s racial reckoning, but funding parity is still a pipe dream for women of color, according to a new report.

“We have seen the number increase but not enough,” said Lauren Maillian, chief executive officer of of digitalundivided, which put out the report.

Black women-founded companies raised about $700 million in funding from 2018-2019, a significant increase from the previous two-year period, yet still account for only 0.27% of the $276.7 billion in venture capital investment, according to the ProjectDiane report from the not-for-profit group, which supports female entrepreneurs of color and, is named for civil rights pioneer Diane Nash.

Latina-founded companies raised $1.03 billion in the same period, accounting for 0.37% of total venture capital investment during those two years, the report found

Combined, Black women and Latinas make up less than 1% of all venture capital investment.

ProjectDiane is a biennial demographic study that tracks public funding announcements for Black women and Latina entrepreneurs.

 

– USA Today`

BE MENTORED BY Lauren Maillian THROUGH HER COURSES AND PROGRAMS