VC Funding Towards Black-Founded Startups Has Dramatically Slowed Down Since Last Year

By Jasmine Browley· Updated September 15, 2022

In 2021, major VC firms were finally making good on the diversity promises they made in 2020 following the social justice uprising that year. According to Crunchbase, quarterly funding last year into 2021 was between $850 million and $1.2 billion. Now it sits at about $324 million.

This could change next quarter as VC firms submit their funding reports, but the significantly lower figures

Kimberly Wilson
Author: Kimberly Wilson

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