SANA Capital

Medium

14 Black and Latinx Emerging Fund Managers To Know (& Fund)

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The “Pipeline” is Blocked At The Top — With the recent uprising against systemic racism in our governmental institutions and society, there has been an increased focus on the on the lack of funding for underrepresented founders. Only 1% of VC funded startup founders are Black, Latinas have received .04% of VC funding, women of color can expect an average of $42k seed funding vs. the average seed funding of $1m, the list of stats goes on.

Yet the problem is far deeper than startup founder-level stats. It exists at the other side of the table —just 3% of VCs are Black and 2% are Latinx.