fundBlackfounders
to receive $100K
from Google for
Startups
FundBlackFounders was selected as a GOOGLE FOR
STARTUPS BLACK FOUNDERS FUND RECIPIENT.
Google for Startups announced
FundBlackFounders as one of the
50 Black Startup Selected to
receive $100k resources today
online.
Details about the award can be found on the company
website at https://blog.
Last year, Google for Startups gave 76
Black-led startups up to $100,000 in non-
dilutive funding, helping them keep their
doors open, pay their employees, and
focus on building their businesses.
With this second $5 million investment in the U.S.
Black Founders Fund, 50 more
founders across the United States will
receive $100,000 in non-dilutive
capital, meaning founders do not give
up any ownership in their company in
exchange for funding.
Last year, founders who received awards went on to raise more
than $50M in capital and 80% of recipients used the funding to
create jobs.
We are excited to continue the
fund and contribute funding to
Black founders, with no strings
attached.
Black founders currently receive less than 1 percent of total
VC funding," says Jewel Burks Solomon, Head of Google for
Startups US.
"We heard loud and clear from the 2020
fund recipients that Google for Startups and
Goodie Nation have been crucial to their
success not only through funding, but
through community, mentorship, network
connections and technical expertise.
ABOUT GOOGLE FOR STARTUPS Google for Startups works to level the
playing field for startup founders and communities to succeed by bringing the
best of Google's products, connections, and best practices to startups.
Paired with a deep commitment to create
diverse startup communities, many of our
offerings are designed specifically to
provide underrepresented founders with
access to resources and opportunities.
Contact Us At: https://www.fundblackfounders.com/