Black women represent 42% of net new women-owned businesses started last year in the U.S.
We launched IFundWomen of Color in January 2020 because we firmly believe in supporting diverse, women-owned businesses.
According to Amex's 2019 State of Women-Owned Business Report, Black women represent 42% of net new women-owned businesses started in the last year, which is three times their share of the female population (14%). Yet in the past decade, Black women–led businesses have captured just .0006% of the total venture capital funding pie.
The ongoing violence against the Black community undoubtedly places a strain on black women trying to launch and grow their businesses. Take action and fund Black women entrepreneurs right now.
Are you a Black women-owned business? Start a campaign on IFundWomen to be featured below and start raising money today.
Join IFundWomen of Color
Looking for resources to jumpstart your business? Apply for IFundWomen of Color, the go-to funding resource for diverse, early-stage entrepreneurs.
IFundWomen of Color was created with our founding partner Caress to help diverse entrepreneurs bring their dreams into reality through raising capital via crowdfunding and providing grants, coaching, and the connections needed to launch and grow successful businesses.