Tag #Black Women Founders

What specific systemic challenges hinder Black founders' access to venture capital in the UK, and what are the immediate consequences of this underfunding?

Despite boasting impressive credentials, including a Goldman Sachs background and an MBA from London Business School, Ayesha Ofori, founder of Propelle, faced numerous rejections from venture capitalists. Black founders in the UK received only 0.23% of venture capital in 2018, highlighting a systemic bias. Ofori's experience exemplifies the significant hurdles faced by Black women entrepreneurs seeking funding.