These Black-founded startups raised large amounts in 2022, and down rounds shake stigma - February 23, 2023

February 23, 2023 [Black-founded US startups raised large rounds, added unicorns in 2022]( From health care to fintech to consumer goods, Black-founded U.S. startups raised large venture rounds in 2022 in a wide range of sectors and added three companies to [The Crunchbase Unicorn Board](. This is the latest installment in our special series looking at the state of venture investment to Black-founded startups in 2022. [Once taboo, startups may be warming to down rounds]( As funding has become increasingly hard to secure for startups, down rounds, flat funds — fundraises at the previous round’s valuation — and other creatively structured rounds are becoming commonplace, as necessity dictates changes in the way companies raise cash. [This is not the end: How to navigate a down market]( The current climate of VC investments could appear all doom and gloom from a first glance, but history shows that great opportunities still exist. [Peregrine Ventures]( [Eyal Lifschitz]( describes which investments make the most sense in a down market. [The Crunchbase Emerging Unicorn Board]( See our curated list of global private companies that are on the path to achieving unicorn status. This list is updated regularly as companies reach a valuation of $500 million or more but less than $1 billion. [VC dollars to Black startup founders fell more than 50% in 2022]( In this three-part series, we look at the state of venture investment to Black-founded startups in 2022 with the help of our [Diversity Spotlight]( feature. After raising a record $5.1 billion in venture capital in 2021, Black-founded startups saw that number more than halved last year. Such startups were hit disproportionately by 2022’s overall decline in venture funding. [Are startup investors weary of the American consumer?]( American consumers want everything their way — the right brand name with the right selection at the right price and preferably right now — and startups and product designers are racing to keep up. Investors, however, are less excited these days. Investment in U.S. nonfood consumer product startups has fallen off a cliff, per Crunchbase data. [Funded cybersecurity startups are hiring — check out the list here]( Cybersecurity startups are still getting funding, even in a downturn. In this week’s edition of Who’s Hiring In Tech, we look at open positions at funded startups in cybersecurity and related industries. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Crunchbase Pro: Searches and Lists Name Type Entries [Privacy and security investments in the past year]( Funding Rounds 1161 [Black Men in VC (List by Aaron McClendon)]( Identifiers 154 [Data Collective portfolio]( Companies 271 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Hemab]( [$135M]( / [Series B]( Hemab is a clinical-stage biotech company developing prophylactic therapeutics for serious, underserved bleeding and thrombotic disorders. Categories: Biotechnology • Life Science • Pharmaceutical Founders: [Johan H. Faber]( [Mads Behrndt]( Investors: [Access Biotechnology]( (Lead), [Avoro Ventures]( [Deep Track Capital]( [+ 6 more]( [Tome]( [$43M]( / [Series B]( Tome is an AI-powered storytelling productivity tool that helps users transform ideas into visually appealing narratives. Categories: Artificial Intelligence • Information Technology • Software • Web Development Founders: [Henri Liriani]( [Keith Peiris]( Investors: [Lightspeed Venture Partners]( (Lead), [8VC]( [Audacious Ventures]( [+ 6 more]( [NxtWave]( [$33M]( / [Series A]( NxtWave is a training platform that helps people rapidly build industry-relevant skills. Categories: Career Planning • EdTech • Education • Software • Training Founders: [Anupam Pedarla]( [Rahul Attuluri]( [Sashank Reddy Gujjula]( Investors: [Greater Pacific Capital]( (Lead), [Orios Venture Partners]( More Fundings Company Amount / Round Lead Investor [Buk]( $35M / [Venture Round]( [Base10 Partners]( [Vitally]( $30M / [Series B]( [Next47]( [MintOak Innovations]( 1.6B INR / [Series A]( [PayPal Ventures]( [Reveleer]( $14M / [Venture Round]( - [Azra Games]( $10M / [Seed Round]( [Andreessen Horowitz]( [Cleveland Clinic]( $3.1M / [Grant]( [National Institutes of Health]( [Redcliffe Labs]( Unknown / [Venture Round]( - [All Recent Funding Activity]( Recent Acquisitions [Chesapeake Energy-Eagle Ford asset]( Pending acquisition by [INEOS]( for $1.4B More Acquisitions Company Acquired By Amount [Walker Wealth]( [Mariner Wealth Advisors]( Unknown [All Recent Acquisition Activity]( #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. 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