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Exclusive: Report Shows 34 Black Women Have Now Raised $1M+ VC Funds, Tripling 2016 Figures

To date, 34 black women have raised upwards of $1 million each from VC firms, up from 11 two years ago, including Mented Cosmetics’ cofounders KJ Miller and Amanda Johnson, Camille Hearst of product recommendation site Kit, and visual search engine Plum Perfect founder, Asmau Asmed.

Other findings in the updated 2018 study show signs of progress. The pool of funds raised by black women founders increased 500%, from $50 million in 2016 to almost $250 million in 2017.

There are also 2.5 times as many startups founded by black women in 2018 than there were in 2016.

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