nex cubed

nex cubed

Photographed by Alexis Jacobs, ButterbeanShots

Black founders have historically been at a disadvantage when it comes to accessing funding. Only 2% of VC dollars each year reach the hands of black founders and in 2022, they saw even less with a 45% decrease in funding.

Nex Cubed, a San Diego-based early stage accelerator is looking to change those percentages by prioritizing Black and diverse founders with its HBCU Founders Fund accelerator program.

“We've been investing since 2017,” Managing Director Mike Ma said, “primarily in fintech and digital health and we have always prided ourselves on looking at diverse and minority founders. 60% of our founders of that portfolio at a time have been women and underrepresented founders.”

Read moreShow less