Black founders raised 0.13% of all capital allocated to U.S. startups in Q3, according to Crunchbase. There seems to have been an overall dip in venture capital funding this Q3, but, as we’ve covered, funding to Black founders has been consistently declining since 2020. "Unfortunately, the venture industry is moving in the wrong direction here,” Gené Teare, the senior data editor at Crunchbase, told TechCrunch.
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An appeals court has ordered a venture capital firm that provides grants to Black women entrepreneurs to pause grant applications after a federal judge shut […]