Q2 2025 Black Venture Funding Report
At HBCUvc, we track the flow of capital to Black founders — not just to understand the numbers, but to change them.
Today, we’re releasing our Q2 2025 Black Venture Funding Report, spotlighting 19 Black-founded startups that raised $290.7 million in equity capital last quarter. These companies span AI, healthcare, fintech, and climate tech — and together represent just 0.42% of the $69.9 billion in U.S. venture funding deployed in Q2, according to PitchBook.
While the funding gap remains stark, this report surfaces key insights for investors, founders, and policymakers working to close it.
What’s Inside:
Equity funding totals by stage — including standout early-stage and late-stage deals
Sector trends
HBCU representation
Geographic analysis
A spotlight on Black-led VC firms that raised in Q2
We believe consistent reporting is a necessary foundation for accountability, visibility, and action. It helps founders raise smarter, investors build better theses, and funders see where interventions are most needed.
