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Black Tech Companies You Can Invest in NOW
Back by popular demand, I have curated a list of companies led by Black founders that are generating revenue and seeking capital. Here is the deal flow you have been looking for.
The rise of the Black Lives Matter movement across the world has resulted in an increased interest of investors to find Black founder led companies to place their capital. Many venture capital funds have jumped on the bandwagon posting #BlackLivesMatter and pledging more capital allocated to Black founders. In the words of investor and the founder and managing partner of Backstage, Arlan Hamilton “It’s About Damn Time!” (which also happens to be the title of her bestselling book, grab a copy today).
Time will tell what these big players do, however, Black start-up founders are no longer relying on institutions to fund their companies and have been turning to non-traditional ways to raise capital including equity crowdfunding, and smaller, private angel rounds.
Over the past few years the underwhelming statistics about the success of Black technology founders (men and women) raising money from venture capital investors has made headlines and the community has demanded change. Too often, Black people and under-represented communities are left out of early stage deals and can only invest when the company goes public because early stage deals are…
