Harlem Capital’s Diverse Founder Report (2023)

Jul 15

This report tracks Black & Latino US based startups, that have raised $1M+ in venture funding…

Key Takeaways from the report (according to Harlem Capital)

The 1,256 companies raised $48.3B of capital with a median raise of $6.7M
Women-founded companies represent 33% of total companies, but only 19% of capital raised
Seed rounds represent 34% of total companies, but only 4% of capital raised
Software, Fintech, and Healthcare represent 34% of companies, but 41% of capital raised
California and New York represent 56% of companies, but 58% of capital raised
There have been 40 unicorns with $22B of total capital raised
2023 saw a 35% decrease in rounds, with the largest percentage decline seen in Series B & E

Harlem Capital’s Diverse Unicorn Report (2023)