Black startup founders raised just $187 million in the third quarter

The amount of capital raised by Black entrepreneurs continues to decrease. Black founders raised just 0.12% of the $150.9 billion deployed in Q3. Black women raised 49% of all the capital allocated to Black founders. Black men and women appeared to receive nearly equal amounts of funding this quarter. In total, Black founders have raised a little more than $2 billion in venture capital this year, a decrease from the stunning $4.72 allocated in the record-breaking year that was 2021. Black founders were able to raise that $187 million from just 32 deals, compared to 2020, when it took 93 deals to hit $180 million in 2020. In Q3 2020, the capital raised this Q3 is roughly on par with the . . .