Black Founders Had a Great Fundraising Quarter...With a Catch

Short summary

Black-founded US startups have raised $643M year-to-date, representing 70% of last year's total. However, Crunchbase research shows funding to Black-founded companies declining faster than overall startup funding decline. The headline masks a troubling equity gap in venture capital allocation.

• •$643M raised YTD by Black-founded US startups (70% of prior year total)
• •Funding decline to Black-founded companies outpaces overall VC downturn
• •Reveals equity gap between headline growth and venture capital reality

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