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Tech startups led by Black women raised $289 million between 2009 and 2018: That s a mere 0.06% of total venture funding for technology. Despite this, Black women continue to create and grow successful tech companies.
As we reported last year on International Women’s Day, Black women are an untapped market for investment. In October, the Black Women Talk Tech and the Talk Tech Association released the largest published study to date that looks into who Black women tech founders are and the challenges they overcome to build viable businesses.
The report surveyed 671 self-identifying Black women and found that they were high academic achievers, with 39% holding a Bachelor’s degree and 46% with a professional degree (a master’s, JD, MD, or PhD). A majority, 76.1%, were self-funded, with 52% providing more than a fifth of their personal income to their businesses.