Fund for Black founders supporting 40 European startups

Fund for Black founders supporting 40 European startups

40 startups from the U.K., France, Germany, Netherlands, Sweden and Spain have been selected to receive funding and support by the Google for Startups Black Founders Fund in Europe. Close to a third of the recipients are women.

The selected include Sojo, the U.K.’s first clothing alterations and repairs app; Feniska, a Berlin-based pet tech startup creating devices to help cat and dog owners track critical health data, and Kuorum in Spain which provides software for secure and legal online voting, Google said in a blog post.

Almost a third of the founders are women, and the selected startups cover all types of industries from health and fashion, to security, fintech and education. While we often hear the lack of diversity in tech is a pipeline problem, the variety and strength of this list for the second year running shows that this is not the case, Google announced..

The find, established in 2020, provides cash awards — without requiring equity in return — and hands-on support to help Black entrepreneurs build and grow their businesses. The Black Founders Fund has awarded more than USD 20 million in Europe, Brazil, Africa and the U.S.

In addition to USD 100,000 (approximately 89,000 Euros) each in non-dilutive cash awards, recipients get ongoing mentorship and product support — including up to USD 200,000 (approximately 179,000 euros) in Google Cloud credits.

List of the recipients:

https://www.campus.co/europe/black-founders-fund/.

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