1,338 Black & Latino Startups Raised $52.3B: See Who’s Winning 🚀
HCP's 2024 Diverse Founder Report
At Harlem Capital, we believe in the power of bold ideas, relentless ambition, and the courage to build against all odds. We are deeply committed to being a fund for exceptional, diverse founders reshaping industries and rewriting the future. All winners are welcome.
Harlem Capital is confident that we will continue to see growth in the Black & Latino VC funding market as more companies scale and more diverse investors enter the space.
🚀 We're excited to unveil our 2024 Diverse Founder Report, a comprehensive analysis spotlighting 1,338 Black and Latino startups that have each raised over $1M in venture capital, with $52.3B in total funding. Here's what’s new this year:
Insights into the headquarters of Black & Latino unicorn companies
Diverse unicorn educational backgrounds and previous work experience
2024 Report Highlights:
🔍 By the Numbers:
$3.0B total capital raised
$6.2M median funding raised
2016 median year founded
📍Coast to Coast:
37% of startups are based in CA
17% of companies are based in NY
🛠️ Industries Represented:
Fintech leading with 16% capital raised
Software and Healthcare 13% and 10% respectively
For the first time since 2021, we saw an increase in capital raised by Black & Latino founders (14% increase YoY). Six raises in 2024 exceeded $100M in size, compared to 5 last year, with 2 newly minted Black & Latino unicorns being added to the list.
Harlem Capital is a launchpad for the best and brightest founders. Our ecosystem is built for those who have an idea that can change the game, refuse to accept the status quo, and are ready to lead and scale against all odds.
📖 Explore our deep dive blog post. Like & share to amplify!
📝 Check out the airtable to see the full list of 1,338 companies.
About Harlem Capital Partners
Harlem Capital (HCP) is an early-stage, diversity-focused venture capital firm. HCP makes initial investments of $1mm to $2.5mm in U.S. seed rounds for 10-15% ownership.
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Amazing work!