In recent years, many have pushed to level the playing field for women in tech through new initiatives, funds, companies, support networks and more. White women, however, have emerged as the key beneficiaries. Less has been done to bolster black and Latinx female founders specifically. Enter digitalundivided. The organization, which encourages black and Latinx women to pursue […] In recent years, many have pushed to level the playing field for
In recent years, many have pushed to level the playing field for women in tech through new initiatives, funds, companies, support networks and more. White women, however, have emerged as the key beneficiaries.
Less has been done to bolster black and Latinx female founders specifically. Enter digitalundivided. The organization, which encourages black and Latinx women to pursue entrepreneurship, has been working to highlight just how extensive the disparity in funding is for black and Latinx female founders.
The company has released several reports on VC funding for black women founders. Their latest showed a slight increase in the number of black women to raise significant funding rounds. Still, black women have raised just.0006 percent of all VC since 2009.
In 2017, U. S. female-founded companies raised 2.2 percent of all VC, an abysmal and highly cited statistic. That number looks to be increasing ever-so-slightly in 2018, but the industry has a long way to go before capital is equally distributed.
