Every week, we look at everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon.
/PRNewswire/ Hopscotch, the platform bringing a consumer-like experience to B2B payments, today announced its emergence from stealth with $3.6M in seed.
May 27, 2021
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For startup founders looking to make their dream business a reality, there’s never been a better time to look for funding. Venture capital spending soared to a record $131 billion in 2018, according to PitchBook and the National Venture Capital Association. The year saw blockbuster IPOs for Spotify, Dropbox and ADT. In the years since, the funds have continued to flow.
Yet amid all this wealth creation, the breathless headlines, the monumental achievements of American innovation, a Deloitte study reports that just 3% of venture capitalists identified as Black or Latino in 2018, the most recent year for which data are available. Barely 1% of VC funding that year went toward Black or brown entrepreneurs.
/PRNewswire/ PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it will invest an additional $50 million in 11 Black- and Latinx-led early-stage.