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July 19, 2021 | Tom Ballard

Funding for Black entrepreneurs shows fourfold increase in first half of 2021

While venture funding to Black entrepreneurs in the U.S. remains woefully small, Crunchbase Daily numbers show a significant uptick over the past year that coincides with the racial justice movement that reignited across the country.

Funding to Black entrepreneurs in the U.S. hit nearly $1.8 billion through the first half of 2021, a more than fourfold increase compared to the same time frame last year. Led by funding to early stage start-ups, this year’s six-month total has already surpassed the $1 billion invested in Black founders in all of 2020 and the $1.4 billion invested the year before that.

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