Latinx Leaders Issue Joint Statement on VC Funding Report

26 Jan • Read in: 2 minutes

As some of you might have seen, two articles hit the market today on WIRED and Crunchbase.

TLDR; funding for Latinx founded early-stage startups decreased from 1.5% (2020) to 1.2% (2021) of total venture funding.

1.2%. Of a record breaking VC funding year.

We are appalled that the venture ecosystem continues to overlook our communities potential and continued contribution to the growth of American business. VCFamilia has united with fellow organizations and released a statement condemning the disconnect and encouraging our community to increase investing in U.S. Latinx founders.

ASK: We encourage all our members to share the statement below with your networks. If this personally resonates with your experience, please share the personal note when sharing the articles. Tag @familiavc on Twitter and Linkedin as well. Links are below! Thank you all for being part of this wonderful community and adding your voices in moments like these. We’re a Familia and we lift each other up.