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Funding to Black founders was down in 2023 for the third year in a row
There’s been a consistent yearly decline in funding since the murder of George Floyd in 2020.
Black founders in the U.S. raised 0.48% of all venture dollars allocated last year. Last year, though, suspicions were confirmed as the market cooling really did appear to have an extreme impact on the Black community. There’s been a consistent yearly decline in funding since the murder of George Floyd in 2020, which saw a record-breaking amount of capital flow to Black founders as the tech industry promised to better support them.
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