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

The amount of capital raised by Black entrepreneurs continues to decrease.
The latest Crunchbase numbers show that Black founders raised $187 million in Q3, a staggering decline from the nearly $1.1 billion they received in Q3 2021 and a sizable drop from the $594 million the cohort raised in Q2.
Black founders raised just 0.12% of the $150.9 billion deployed in Q3.
Within that, Black women raised 49% of all the capital allocated to Black founders in Q3, according to Crunchbase, pacing the number at around $91.63 million. To grab crumbs, it’s good, at least, to see that Black men and women app

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