Row of white pencils and one black pencil, lying on a white background. Image Credits:<\/strong> Emilija Manevska \/ Getty Images<\/p>\n<\/div>\n

Black founders based in the United Kingdom have an even harder time than their U.S.-based counterparts when it comes to accessing venture capital, reports Dominic-Madori Davis.<\/p>\n

\u201cBetween 2009 and 2019 in the U.K., just 30 Black people received VC funding, equating to less than 0.4% of all funds allocated to founders.\u201d<\/p>\n

She interviewed multiple investors who are working to expand this community, including Karl Lokko, co-founder of venture firm Black Seed, which recently announced its \u00a35 million inaugural fund.<\/p>\n

\u201cThe wheels are starting to turn, but we\u2019ve got a long road ahead,\u201d he said.<\/p>\n<\/p><\/div>\n

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