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After a brief streak, venture capital has ditched Black startups

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Black-founded startups have seen record amounts of investment recently, with quarterly funding commitments nearing or even topping $1 billion. But according to new data from Crunchbase, VC funding has dropped significantly in the second quarter of 2022, down to just $324 million.

Only 100 startups with a Black founder have received funding with $100 million invested in seed rounds, $591 million in early-stage rounds, and approximately $876 million in later-stage rounds.

Startups with at least one Black founder received........

© Fast Company

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