News

November 2, 2020

Black entrepreneurs receive just 0.24% of capital in the UK

Across the past 10 years, under 1% of venture capital investment in the UK went to Black entrepreneurs — and only one Black female founder secured Series A funding.


Freya Pratty

3 min read

Under 1% of venture capital investment in the UK went to Black entrepreneurs across the last 10 years, a new report by Extend Ventures shows, highlighting the systematic barriers Black businesses face when securing financing.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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