“Despite being the fastest-growing group of business owners in the U.S., black women face a unique set of barriers when it comes to accessing the capital they need to invest and scale their companies. Back in 2016, digitalundivided, an accelerator for high-potential entrepreneurial women of color founded by Kathryn Finney, produced the very first study that quantified the challenges that black women founders face in raising funds. The report, titled ProjectDiane, revealed that fewer than a dozen black women had raised more than $1 million in venture capital—ever. The study also found that just 0.2% of all VC funding was allocated toward startups founded by black women.” Read more at blackenterprise.com
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