Funding to Black entrepreneurs in the U.S. hit nearly $1.8 billion through the first half of 2021 — a more than fourfold increase compared to the same time frame last year. Led by funding to early-stage startups, this year’s half-year total has already surpassed the $1 billion invested in Black founders in all of 2020 and the $1.4 billion invested the year before that.
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Funding to Black startup founders quadrupled in past year, but remains elusive
“I haven’t seen this amount of interest and conversation in the business community at large about race since the anti-apartheid movement of the ’90s,” said Charley Moore, founder and CEO of Rocket Lawyer.
