TMCnet News AugWildfire Systems Raises 15 Million Series A Round Led by TTV Capital and QED Investors SOLANA BEACH, Calif., Aug. While exciting, the unfortunate rarity of Black-led unicorns is a symptom of historical underfunding in Black or African-American startup founders. New York-based SmartAsset, a marketplace that connects consumers to financial advisors, raises 110M Series D led by TTV Capital at over 1B valuation. 4, 2021 /PRNewswire/ - Wildfire Systems Inc. Crunchbase estimates that in 2020, 1% of total venture capital funding, or $1 billion, went to this cohort of founders. "I hope seeing more successful Black founders inspires more people of color to start companies so that one day this is not news," Carvin told TechCrunch.Ī number of Black-led venture capital firms have closed investments in the past year, which could change this number, including Collab Capital’s $50 million investment vehicle, Harlem Capital, which closed a $134 million seed fund earlier this year Cleo Capital, which set a $20 million target for Fund II and MaC VC, which landed $103 million for its inaugural fund. NEW YORKBASED SMARTASSET 110M TTV CAPITAL MAC ![]() HBCUvc and Google for Startups also announced this month two separate efforts to provide non-dilutive capital to early-stage, underrepresented founders. ![]() With a Series D under its belt, SmartAsset is working on taking out the bias from personal finance - while it itself is a case study in how overlooked founders, which routinely suffer from this exact phenomenon, continue to lead strong businesses. ![]()
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