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Black Tech Nation Ventures launched in 2021 to address the funding gap for Black founders amid a wave of venture diversity initiatives after the murder of George Floyd in 2020. The Pittsburgh-based venture firm has finished raising its first $50 million for its debut fund to back pre-seed and seed-stage software startups led by founders that are Black, women or members of the LGBTQ+ community, among other underrepresented groups. Getting its first fund to its full $50 million goal was at first a race and then a slog, David Motley, a general partner at BTNV, told TechCrunch.
New to the local tech scene? Looking to expand your network? Here are some of the most connective leaders you should know to get involved in the Steel City.
The region's startups brought in the least amount of venture capital in a decade last quarter. Local investors point to a national slowdown of deal flow.