founders of color

founders of color

Image by Songquan Deng/ Shutterstock

According to PledgeLA’s annual report, the Los Angeles venture capital and tech scene is still very much an all-boys club.

From an analysis of more than 6,300 investment transactions made in 2021 the L.A. venture capital report found that the percentage of funding going to white male founders increased to 53% of the whole (that's an increase of 7% over the prior year). Meanwhile, Black founders saw a 5% decrease. The data also highlights how Black and Latino founders are the most underfunded group over the last three years. Asian founders saw a dip in funding in 2021, but still received 24% of the funding– more than double what Black or Latino founders received.

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