Equity Financing for Black and Hispanic Business Owners
Like women entrepreneurs, minority entrepreneurs can have a hard time being funded. According to Forbes, less than 1% of equity funding goes to business owners with minority founders. The percentage of decision makers in equity firms is about the same. Below are some of the groups looking to change that statistic.
Minority-Focused Angel Groups:
- NewMe
- Authentic Ventures
- Backstage Capital
- 500 startups
- Intel Capital Diversity Fund
- Impact America Fund
- 645 Ventures
- Backstage Capital
- Harlem Capital
- Reach Capital
- Cross Culture Ventures
- Precursor Ventures
- DiverseCity Ventures
- Base Ventures
- Caerus Investment Partners
- Black Founders
- HBCU Innovation, Commercialization and Entrepreneurship Initiative
Minority-focused Venture Capital Groups: