Tech entrepreneurs of color often struggle to attract early-stage funding for their startups. But that may be starting to change—thanks in part to investors of color. Professional networks have formed in cities such as Chicago, Detroit and Miami in recent months to identify and recruit Black, Latino and other angel investors of color to fund tech entrepreneurs. At the same time, venture firms founded by women as well as racial and ethnic minorities are growing their profiles in raising funds to inject capital into startups.

Source: Wall Street Journal October 21, 2020 18:11 UTC