Report says fundraising results for Black women are showing marked progress

The number of Black women entrepreneurs who have raised more than $1 million in funding has more than doubled since 2018, according to ProjectDiane, a biennial report released last week.

Compiled by digitalundivided, a non-profit focused on supporting entrepreneurial women of color, the report uses data from Crunchbase and Pitchbook to track crowdfunding, angel, seed and venture round investments. At the start of 2018, just 34 Black women had raised $1 million or more in outside investments for their businesses. But now, in data tracked through August 2020, more than 90 Black women have hit or exceeded that level.

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