Bucking the Trend: Female and Black Founders Land 2021 Early-Stage Investments

Only about 1% of the total American VC funding went to Black and female founders last year, but Crunchbase reports that the first two months of 2021 are bucking that depressingly familiar trend.

“A Crunchbase survey of rounds of $100 million or more to U.S. companies at Series A and B stage between January and mid-February found that 30% of these investments went to teams with female or Black founders,” the outlet found. Among them: Rihanna’s Savage X Fenty and Tope Awotona’s Calendly.

For today’s curation of tech and innovation articles, the Plug In South LA Beat, let’s find out what these funded founders all have in common:

Black and Female Founders Land 30% of the Largest US Early Stage Rounds in 2021

Photo Credit: Christina @ wocintechchat.com on Unsplash

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