Diverse Founder Report 2019 (Harlem Capital)

Summary

• 200 Black and Latino founders in the US have raised $1mm+, updating a 2018 report that found 105.p.2
• The 200 founders raised $6bn of capital; the top 3 raises represent $2.5bn or 42% and the median raise was $5mm.p.3
• Women represent 46% of founders, but only 37% of capital raised.p.3
• 53% of the companies' latest funding was a Seed round, and 12% have been acquired or gone public.p.3
• Software, media & entertainment, and healthcare represent 43% of companies, but only 26% of capital raised.p.3
• New York, San Francisco and Los Angeles represent $4.5bn or 76% of total capital raised.p.3

Key insights

1. The top 10 largest raises represent $3.7bn or 62% of capital raised.p.9
2. Robert Reffkin raised $1,600, the largest raise, followed by Jessica Alba at $503 (dollars in millions).p.9
3. NYC & SF represent 54% of companies.p.7
4. The top 12 of the 567 investors made 149 investments in 17% of companies.p.10