Black Venture Quarterly: Q1 2025 Funding Report

Tracking early-stage capital to Black-founded startups across the U.S.

Each quarter, we spotlight the state of venture capital funding for Black founders in the U.S. to surface trends, track momentum, and highlight opportunities to invest in innovation. Using data published to Crunchbase as of April 8, 2025, we identified 17 Black-founded companies that raised equity funding in Q1 2025. Here’s what we learned:

Overview

• Total raised: $61.9 million

• Pre-Seed average: $963,750K

• Seed average: $2.3M

Funding Stages

• Early-stage dominance: 11 companies raised Pre-Seed or Seed rounds

• Series rounds: 3 companies closed Series A or B rounds:

  • Campus (Series B)

  • Infiuss Health (Series A)

  • Yourway Learning (Series A)

HQ Geographic Distribution

• California leads with 4 companies: Breakr, Campus, Twelve, Corvus Link

• Florida follows with 3 companies: daba, PROTIPPZ, Yourway Learning

• New York is home to 1 company: Ryse

Industry Focus

• AI innovation: 6 companies integrate AI into their core models:

  Cenote, Corvus Link, Infiuss Health, Kubby, Series, Yourway Learning

• Other active sectors: Healthcare, education, sports, media, fintech, and climate tech

HBCU Representation

• Florida A&M University: Founders of Breakr and Ryse

• Howard University: Represented at Cenote

• Morehouse College: Represented at Yourway Learning

Notable Rounds

• Campus raised $46M in a Series B round

• Ryse raised $5.9M in a Seed round