Tag #Uk Tech

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.