- A report discovered 9 Black and Latina feminine founders have reached a $1 billion or larger valuation.
- Amongst these entrepreneurs are Rihanna, Jessica Alba, and the make-up artist Pat McGrath.
- Listed below are eight of the 9 girls who’ve reached unicorn standing.
Although Black and Latina girls raised greater than 1% of all venture-capital funding in 2021, that quantity fell in 2022 when VC investments dropped general on account of financial considerations, a latest report on the state of underrepresented girls entrepreneurs discovered.
These founders face elevated challenges getting funded as a result of VC corporations have traditionally excluded and ignored them.
The biennial report, which Venture Diane and the group DigitalUndivided launched Wednesday, compiled information from greater than 750 Latina and Black feminine founders who’ve acquired outdoors funding. These corporations acquired 0.85% of all enterprise capital in 2022, making it the second-biggest 12 months for this cohort.
The report additionally discovered that there are actually greater than 350 Black and Latina feminine founders who’ve raised a minimum of $1 million in funding, and a minimum of 9 Black and Latina feminine founders have reached a $1 billion valuation.
Listed below are eight Black and Latina feminine founders who’ve achieved this feat, so as of the very best present valuation. Every firm on this listing has at one level achieved a $1 billion valuation, however some have misplaced that worth over time.
