TechCrunch

Black founders received 0.13% of capital this Q3

Black founders raised 0.13% of all capital allocated to U.S. startups in Q3, according to Crunchbase. There seems to have been an overall dip in venture capital funding this Q3, but, as we’ve covered, funding to Black founders has been consistently declining since 2020. “Unfortunately, the venture industry is moving in the wrong direction here,” Gené Teare, the senior data editor at Crunchbase, told TechCrunch.