Black Founders securing venture capital at a record pace this year

Crunchbase data indicate that Black start-up entrepreneurs are smashing venture funding records this year.

In the first half of 2021, Black founders raised nearly $1.8 billion, a more than four-fold increase over capital raised in the same time period last year. According to Crunchbase’s calculations, Black Founders raised $400 million in the first six months of 2020This year, Black founders are already outpacing full-year funding totals for both 2020 and 2019, when they raised $1 billion and $1.4 billion, respectively.

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