The Root Institute
WHY WE MATTER
Correcting Diversity & Inclusion
in Blockchain & Fintech
Tech Funding Gaps
Reports from The Kapor Center and Digital Undivided show women of color tech founders make up only 4%. And only 1 percent of venture capitalists are black women. However, the number of startups founded by black women has also increased 2.5 times from 2016 to 2018, jumping from 84 to 227. Funds collectively raised by black women founders increased from $50 million in 2016 to nearly $250 million in 2017.
Tech Hiring Gaps
Despite diversity initiatives aimed at hiring more underrepresented minorities in tech, there are now fewer black women in tech than there were 10 years ago. Between 2007 and 2015 there was a 13% decrease in the number of black women professionals. When it comes to tech leadership positions, Black women make up less than 0.5 percent.