
Funding gaps
There is so much more research to be done around funding gaps that impact women founders, founders of color, and other underrepresented groups. In 2020, Black founders received just 0.6% of all venture capital. In 2021, women founders secured just 2% of venture capital in the U.S.
Halcyon’s fellowship programs already provide nondilutive stipends to help narrow those gaps – 58% of our ventures have a woman founder and 79% have a founder of color – and funding vehicles allow us to extend that work.