Black women entrepreneurs are met with the greatest barriers to accessing capital. It is our goal to generate a systemic change from within. Black women founders are the fastest growing demographic of entrepreneurs out of any throughout history. These founders are equipped to solve some of the world’s largest unmet needs, and have a legacy of reinvesting in their communities and creating intergenerational wealth.
As a passionate, mission-driven company founded by women for women, See ROSE Go is committed to a better future, an anti-racist future without fear - where we can all support our families, thrive at work, fall in love, take care of ourselves, learn, feel, live, be happy! We want to create lasting change by doing what we do best: supporting women, and now more than ever Black Female Founders and Black women business owners. Below is an evolving list we are compiling of resources to help scale and fund Black Women owned businesses. I know there are several more, this is a compilation of resource I have found so far. Please email me business and funding resources at email@example.com to keep the list growing.
Knowledge and entrepreneur mentorship
Mary Spio is an African-American female entrepreneur, she is the founder of virtual reality app CEEK, as well as a former deep space engineer for Boeing and U.S. Air Force satellite communications technician. She shares her story and perspective on how systemic racism is perpetuated in business, and what can be done to fix it. Read more here, It Doesn't Take a Rocket Scientist to Solve the Racism Problem in Business.
Female Founder Alliance has added office hours with members of their Investors Circle and the FFA Team exclusively for Black startup founders. These office hours can be used to pitch your startup, get help with any part of what you’re working on, or to build a relationship with a new investor that can unlock mentorship and investment opportunities going forward. FFA is mission driven to accelerate and scale female led businesses, we strongly encourage you to book as many mentoring sessions as would be helpful.
Funding, Grants, Venture Capital
Hello Alice COVID-19 Business for all Emergency Grants Program supports a national movement to lift up 100,000 small business owners to receive funding and mentorship. By completing the application, you’re eligible to receive up to $50,000 in grant funding. APPLY HERE.
The Financial Gym Grant, The Financial Gym is focused on providing grants to Black women-owned businesses, and will be awarding five (5) companies a $2K grant + six months of financial training to qualified applicants in order to fuel their businesses. APPLY HERE BY JUNE 29, 2020 11:59 ET
SoGal Black Founder Start-Up Grant SoGal Foundation has teamed up with Winky Lux, bluemercury and twelvenyc to provide at least (3) $10K and (5) $5K cash grants to Black women and Black nonbinary entrepreneurs. Awardees will also receive tactical help navigating the fundraising environment at large so that they will have a more equitable opportunity at scaling their business. APPLY HERE
IFundWomen is a startup funding platform providing access to capital through crowdfunding and grants. As part of their brokered grants program iFundwomen wants to put money in the hands of Black Entrepreneurs. The grants include (5) $10,000 grants and 1 hour of free legal counsel to the recipients. APPLY HERE by JUNE 15, 2020 CLOSED
Talent x Opportunity Fund created by Andreessen Horowitz. This fund is devoted to helping those who are lacking resources to be able to achieve entrepreneurial success. If your business idea has a solid model with potential and promise, but you identify as coming from an underserved community, this can help you.
Vinetta Project is a capital platform designed to unleash female drive. The D.C. Chapter lead, Dawn Myers, responds to organizational leaders on how to acknowledge the moment and fight systemic racism through their work. "The tech and venture industries must support Black founders ‘swiftly and without hesitation"
Black Girl Ventures is mission driven to provide Black/Brown woman-identifying founders with access to community, education, and leadership development in order to meet business milestones that lead to economic advancement through entrepreneurship.
1863 Ventures is a business development program designed to bridge the gap between entrepreneurship and equity. Our programs seek to accelerate new majority entrepreneurs from high potential to high growth.
Backstage Capital has invested over $7M in more than 130 companies led by underrepresented founders. Less than 10% of all venture capital deals go to women, People of Color, and LGBTQ founders. Funding isn't a favor, Backstage sees this as the biggest opportunity in investment.
At Kapor Capital 60 out of 102 investments (59%) have a founder who identifies as a woman and/or an underrepresented person of color, 38% of our first-time investments have a founder who identifies as a woman and 34% of first-time investments have a founder of a racially underrepresented background.
Harlem Capital Partners is a New York City-based fund that has a goal to invest in 1,000 early-stage diverse founders over the next 20 years.
The Helm is an ecomm-meets-vc lifestyle brand and has invested close to $1.5 million in 11 of the most promising female CEOs in the country. They make a point of investing in companies in industries that are outside of the traditional areas where women get funding.
WOCStars is an early stage investment fund focused on inclusive teams and women of color.
Quake Capital Accelerator is an amazing program focused on founders, heart and perseverance. We have personal experience working with the team at Quake and highly recommend applying to their program. APPLY HERE by July 20 for cohort 7.