Latine-founded companies see funding plummet
Earlier this week, we posted an article about a November 12 event from Let Her Speak and Latinas Time. The timing of the event comes as Crunchbase News reports that funding to U.S.-based Latine-founded companies plummeted more than 80 percent in the third-quarter of 2022, both quarter over quarter and year over year.
Q3 saw $250 million invested in Latine-founded companies, compared to $1.3 billion in the second quarter, and $2.3 billion in the third quarter of 2021. This pullback in funding to Latine founders in the U.S. took a sharper downward turn than the broader slowdown in venture capital in the U.S. market, which was down more than 50 percent year over year for funding this past quarter.
Click here to read the Crunchbase News article.
