Analysis

May 22, 2022

What is startup fundraising really like for an ethnic minority founder in 2022?

What is startup fundraising actually like as an ethnic minority founder today? And why does so little VC cash flow into startups led by diverse teams?


Naomi Ackerman

10 min read

Alina Bassi, cofounder and CEO of Kleiderly

“If the people who are in charge of the purse-strings don’t have the same viewpoint as you then they’re not going to see the world through your lens, they’re not going to see the opportunities you spot — and that made the early days much harder,” says Mursal Hedayat, the 31-year-old cofounder and CEO of London-headquartered startup Chatterbox.

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Chatterbox cofounders Guillemette Dejean and Mursal Hedayat
Chatterbox cofounders Guillemette Dejean and Mursal Hedayat
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Alina Bassi, cofounder and CEO of Kleiderly, explains the difficulty she had startup fundraising
Alina Bassi, cofounder and CEO of Kleiderly
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AudioMob cofounders Christian Facey and Wilfrid Obeng
AudioMob cofounders Christian Facey and Wilfrid Obeng
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Naomi Ackerman

Naomi Ackerman is a freelance business journalist and tweets from @nomiackerman.

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