Black Business Referral Network
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Trends, opportunities, and intelligence for Black entrepreneurs.
Topic: funding gap
A BII and Swedfund study estimated that Black-owned and Black-led businesses in Nigeria face a $131 billion funding gap. The figure is the largest among the…
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Black-owned and Black-led businesses in Nigeria face an estimated $131 billion financing shortfall, according to a report from British International…
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A new report estimates that Black-owned businesses in South Africa face a $45 billion financing shortfall. The findings cite investor bias, limited…
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The National Network of Black Foundations and Funds announced its first public-facing phase on Aug. 28, timed to Black Giving Day. The rollout is intended to…
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A shared data post said Black-founded startups received 0.48% of all venture capital in 2024, while Black women received 0.27%. The figures highlight the…
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Crunchbase News reported that Black founders raised $942 million in venture funding last year, underscoring how capital flows into Black-led startups remain…
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