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Funding for Diverse Leaders in 2021

Funding for Diverse Leaders in 2021
February 28, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Today, we’re releasing our second annual PrivCo report on the state of funding for diverse leaders, Funding Diversity. We pulled the data to examine the total funding raised in 2021 for underrepresented categories of founders and contextualized our findings in the broader economic, political, and cultural landscape. Did societal demands for greater equity and inclusion materialize in 2021? The answer is yes and no. 

Here‘s a sampling of the data we uncovered in this year’s report:



Despite record funding overall, the percentage raised by women and POC remains small and far from representative of the broader population. Still, 2021 was a milestone year of growth overall for diverse leaders and diversity in VC investors.

The report showcases 2021’s unicorns founded by diverse leaders, including all-in-one business neobank Brex, database collaboration tool Airtable, agricultural technology company Indigo Ag, and workforce skills enhancement platform Guild Education, among many others in automotive/transportation, fintech, consumer products/retail, technology, and HR/compliance.

To access the full report, click here.

Since last week, PrivCo has added:
964 Companies | 271 Funding Activities | 175 M&A Deals

Funding & Deal Highlights:
 

99 Counties raises $3.8MM from OMERS Ventures

Agricultural • Equity • Chicago, IL
 

Marvin raises $3.8MM from Apollo Projects

Data Integration • Equity • Oakland, CA
 

Fast Breaks Labs raises $6MM from Patron

Games • Seed • San Francisco, CA
 

Skyfi raises $7.2MM from KJ2 Ventures

Satellite App • Equity • Bowling Green, OH
 

Sanzo raises $10MM from CircleUp Growth Partners

Beverages • Round A • Long Island City, NY
 

Canary Technologies raises $15MM from F Prime

Hotel Management • Round A • San Francisco, CA
 

Fabric received $140MM from Softbank

E-Commerce • Round C • Bellevue, WA
 

InfStones raises $33MM from Susquehanna International Group

Blockchain Security • Round B • Palo Alto, CA
 

Team Paraclete raises $1.5MM from Sovereign’s Capital

Wellness • Seed • San Francisco, CA
 

Living Carbon raises $15MM from Felicis Ventures

Biotechnology • Equity • San Francisco, CA
 

Lincotek Medical acquires Danco Medical

Health Care • Acquisition • Warsaw, IN
 

Sweeping Corporation of America acquires Contract Sweeping Services

Cleaning • Acquisition • Milpitas, CA

 

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