Black Founders Fund
Over 56% of the Brazilians self-identify as Black, and of them, 29% own their own businesses. Yet Black Brazillian founders face unique barriers to become entrepreneurs. In fact, around one-third of Black entrepreneurs reported that they were denied credit without explanation. So, many have had to dip into their personal savings or rely on family and friends to get their businesses off the ground.
So why is this happening? It’s because there’s a market gap. Black business owners aren’t getting the capital they need to launch their companies. That’s why Google for Startups established the Black Founders Fund. We’re here to provide entrepreneurs with equity-free capital to grow their businesses.