After being accepted into the inaugural Google for Startups Accelerator for Black Founders, two local companies have landed funding from the technology giant.
Joining 76 other startups, Dallas-based Kanarys and McKinney’s ShearShare were selected for funding through the recently launched Google for Startups Black Founders Fund. While the amount of non-dilutive individual funding was not disclosed, when Google launched the $5 million fund in June, it said it would focus on providing up to $100,000 in funding to early-stage startups.
All of the startups receiving funding have participated in Google-affiliated accelerator and incubator programs.
“Seeing a major tech company like Google prioritize investing both money and energy in Black Founders is incredibly impactful, as Black women reportedly receive only .06 percent of VC funding,” Kanarys co-founder and CEO Mandy Price said in a statement. “We’re very proud of the commitment Google for Startups has made to help close this funding gap, empower entrepreneurs and support our mission of improving the workplace for underrepresented employees.”
Google for Startups for Black Founders is the most recent accelerator program Google has launched. The three-month program, which focuses on Black-owned tech startups between Seed and Series A stages, kicked off in August.
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Author: Dion Mitchell
I am a web and data management consultant with a passion for helping clients implement solutions to achieve their goals. With over 20 years of enterprise IT experience, I have become an expert in project management and problem analysis acquired from various roles ranging from systems analysis, systems engineer to...
