---
title: The number of Black female founders who have raised more than $1 million has nearly tripled since 2018 — digitalundivided
description: “While the    $1 billion unicorn valuation    is still the milestone of choice for many startups, for Black women a notable benchmark comes a lot earlier in a startup's life cycle. In 2018, only 34 Black female founders had ever raised $1 million in venture capital for their company.”
---

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# [The number of Black female founders who have raised more than $1 million has nearly tripled since 2018 — digitalundivided](https://digitalundivided.com/press/press-collection/the-number-of-black-female-founders-who-have-raised-more-than-1-million-has-nearly-tripled-since-2019)

 Written by [digitalundivided](https://digitalundivided.com/press/author/digitalundivided) | Jan 21, 2021 5:00:00 AM

# The number of Black female founders who have raised more than $1 million has nearly tripled since 2018

*“While the *[*$1 billion unicorn valuation*](https://fortune.com/2019/03/21/glossier-rent-the-runway-unicorn/)* is still the milestone of choice for many startups, for Black women a notable benchmark comes a lot earlier in a startup's life cycle. In 2018, only 34 Black female founders had ever raised $1 million in venture capital for their company.” *[**Read more at Fortune.com**](https://fortune.com/2020/12/02/black-women-female-founders-venture-capital-funding-vc-2020-project-diane/)

[digitalundivided](https://digitalundivided.com/press-collection?author=5588b2bde4b0751e884d78d5) January 21, 2021 [Comment](https://digitalundivided.com/press-collection/the-number-of-black-female-founders-who-have-raised-more-than-1-million-has-nearly-tripled-since-2018#comments-6009cd9d61a27441d916a680)

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