The Org has identified 100 companies that are founded or led by people of color in the U.S. and the U.K. and the estimated amount of funding each of the companies have received.
Image courtesy of Unsplash.
At first glance, there seems to be a significant amount of major tech companies that are led or founded by people of color.
Companies such as Google, Microsoft, Adobe, Twitter and IBM are all headed by CEOs who grew up in India, and female CEOs are becoming more prominent among Fortune 500 companies.
But though there may be upward trends, women and people of color are still notably underrepresented in the tech industry.
Only 35% of leaders at Facebook are women, and less than 5% of them are Black. Although Amazon reported an increase in Black and LatinX employees between 2018 and 2020 the majority of them work in field and customer support. And despite making up 32% of the global workforce, over 70% of Amazon’s senior executives are white.
Similar statistics can be found at Google, where white men and women make up 65.5% of the senior executive team and Black and Native American women have the highest attrition rates.
Of the 100 companies The Org identified, 23% of them are founded by women or has a female CEO.
Funding to startups founded by people of color also significantly falls behind the white peers.
According to a 2020 Crunchbase Diversity Spotlight Report, Black and Latinx founders received significantly less venture capital funding in 2020, representing a mere 2.4% of the total $87.3 billion dollars that went to founders that year.
Black women especially fall behind, having only received 0.27% of the total venture money in the U.S. between 2018 and 2020.
Venture capital firms have since launched special funds that are directed at POC founders – these include Andreessen Horowitz’s Talent x Opportunity fund and Softbank's Opportunity Growth Fund.
There are a great number of benefits that come from having a diverse workforce. Research has proved over and over again that diversity drives innovation and growth, and is directly correlated with profitability and value creation.
In hopes of flaunting the impressive achievements by people of color, The Org has identified 100 companies that are founded or led by people of color in the U.S. and the U.K. and the estimated amount of funding each of the companies have received.
Breakdown of racial categories of the 100 companies identified by The Org.
| Logo | Org Chart | Est. Funding | Name(s) | POC Founded | POC Led |
| ---------- | ---------- | ---------- | ---------- | ---------- | ---------- |
| | Airtable | $1.4B | Howie Liu | Yes | Yes |
| | Amplitude |$306.9M | Curtis Liu, Jeffrey Wang, Spenser Skates | Yes | Yes |
| | Andela | $381M | Brice Steven Nkengsa, Christina Sass, Ian Carnevale, Iyinoluwa Aboyeji, Jeremy Johnson and Nadayar Enegesi | Yes | No |
| | Aura Biosciences | $202M | Elisabet de los Pinos | Yes | Yes |
| | BetterUp | $566.9M | Eduardo Medina | Yes | Yes |
| | Black Girls Code | $434K | Kimberly Bryant | Yes | Yes |
| | Blavity |$9.4M | Morgan DeBaun | Yes | Yes |
| | BlockFi | $508.7M | Flori Marquez and Zac Prince | Yes | Yes |
| | Bottomless | $6.8M | Liana Herrera | Yes | Yes |
| | Brex | $1.5 B | Henrique Dubugras, Pedro Franceschi | Yes | Yes |
| | Calendly | $350.6M | Tope Awotona | Yes | Yes |
| | Canva | $572.6M | Melanie Perkins | Yes | Yes |
| | Capchase | $469.6M | Ignacio Moreno, Luis Basagoiti, Miguel Fernandez and Przemek Gotfryd | Yes | Yes |
| | CapWay | $145K | Sheena Allen | Yes | Yes |
| | Care.com | $156.9M | Sheila Lirio Marcelo | Yes | Yes |
| | Career Karma | $51.9M | Ruben Harris | Yes | Yes |
| | Chipper Cash | $302.2M | Ham Serunjogi, Maijid Moujaled | Yes | Yes |
| | Cityblock Health | $891.3M | Toyin Ajayi | Yes | Yes |
| | CloudTrucks | $850M | George Ezenna, Jin Shieh and Tobenna Arodiogbu | Yes | Yes |
| | Coffee Meets Bagel | $23.2M | Arum Kang, Dawoon Kang, Soo Kang | Yes | Yes |
| | Coursera | $446.8M | Andrew Ng | Yes | No |
| | Credit Karma | $868M | Kenneth Lin | Yes | Yes |
| | Datagran |$4.1M | Carlos Mende | Yes | Yes |
| | Devo | $381M | Pedro Castillo | Yes | Yes |
| |DoorDash | $2.5B | Tony Xu, Stanley Tang, Andy Fang | Yes | Yes |
| | Duo Security | $121.5M | Dug Song | Yes | No |
| | Eight Sleep | $162.1M | Alexandra Zatarain, Andrea Ballarini, Massimo Andreasi Bassi and Matteo Franceschetti | Yes | Yes |
| | Faire | $1.1B | Marcelo Cortes, Daniele Perito, Jeffrey Kolovson and Max Rhodes |Yes | Yes |
| | Fitbit | $66M | James Park | Yes | Yes |
| | Flutterwave | $474.5M | Iyinoluwa Aboyeji, Olugbenga Agboola | Yes | Yes |
| | Form Energy | $368.8M | Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford and Yet-Ming Chiang | Yes | Yes |
| | Formstack | $435M | Ade Olonoh | Yes | Yes |
| | Fuzzy | $80.5M | Eric Palm and Zubin Bhettay | Yes | Yes |
| | GIPHY | $150.9M | Alex Chung | Yes | Yes |
| | Goldbelly | $133.1M | Joe Ariel, Joel Gillman, Trevor Stow and Vanessa Torrivilla | Yes | Yes |
| | Goodr | $4.1M | Jasmine Crowe | Yes | Yes |
| | Gro Intelligence | $115.3M | Sara Menker, Nemo Semret, Sara Menker and Sewit Ahderom |Yes | Yes |
| |Gusto | $691.1M | Edward Kim | Yes | Yes |
| | Helion Energy | $577.8M | David Kirtley, Chris Pihl | Yes | Yes |
| | Hinge Health | $1B | Daniel Perez, Gabriel Mecklenburg | Yes | Yes |
| | Incredible Health | $17.3M | Iman Abuzeid | Yes |Yes |
| | InEvent | $4M | Pedro Góes, Mauricio Giordano, Vinicius Neris | Yes | Yes |
| | Jopwell | $11.9M | Porter Braswell | | Yes |
| | Kickstarter | $10M | Aziz Hasan, Perry Chen | No | Yes |
| | Landed | $53.1M | Alex Lofton | Yes | Yes |
| | Lever | 122.8M | Sarah Nahm | Yes | Yes |
| | Lime | $1.5B | Brad Bao | Yes | Yes |
| | LinkedIn | $154.8M | Eric Thich Vi Ly | Yes | No |
| | Marshmallow | $116.2M | Alexander and Oliver Kent-Braham | Yes | Yes |
| | MentalHappy | $1.5M | Tamar Blue | Yes | Yes |
| | Misfit (acquired by Fossil Group) | $526.5M | Sonny Vu | Yes | No |
| | NerdWallet | $105M | Tim Chen | Yes | Yes |
| | NetApp | N/A | James Lau | Yes | No |
| | New Story |$220K | Alexandria Lafci | Yes | No |
| | Noom | $657.3M | Saeju Jeong | Yes | Yes |
| | Notion | $343.2M | Ivan Zhao | Yes | Yes |
| | Opendoor | $1.9B | Eric Wu |Yes | Yes |
| | Outreach | $489M | Andrew Kinzer, Gordon Hempton, Manny Medina and Wes Hather | Yes | Yes |
| | Pager | $132.6M | Gaspard de Dreuzy, Oscar Salazar and Philip Eytan | Yes | Yes |
| | Papa | $241.2M | Alfredo Vaamonde, Andrew Parker and Jake Rothstein | Yes | Yes |
| | Passiv | $1.1M | Brendan Lee Young | Yes | Yes |
| | Patreon | $413.3M | Sam Yam | Yes | Yes |
| | Peloton | $1.9B | Yony Feng and Hisao Kushi | Yes | No |
| | Pigeonly | $6.6M | Alfonzo Brooks, Frederick Hutson | Yes | Yes |
| | Pinterest |$1.5B | Ben Silbermann | Yes | Yes |
| | Pipefy | $138.7M | Alessio Alionco, Leandro Johann and Magnus Arantes | Yes | Yes |
| | Platzi | $78.4M | Christian Van Der Henst, Freddy Vega | Yes |Yes |
| |PlayVS | $106.2M | Delane Parnell | Yes | Yes |
| | Poshmark | $153M | Tracy Sun | Yes | Yes |
| | Promise | $23.1M | Phaedra Ellis-Lamkins | Yes | Yes |
| | Pyxai | $150K | Angela Edwards, Kurt Edwards | Yes | Yes |
| | Rocket Lawyer | $291.7M | Charley Moore | Yes | Yes |
| | Ruby Love | $15M | Crystal Etienne | Yes | Yes |
| | Scentbird | $28.7M | Mariya Nurislamova, Andrei Rebrov, Rachel ten Brink | Yes | Yes |
| | ShotSpotter | $67.9M | Ralph Clark | Yes | Yes |
| | SmartAsset |$161.4M |Michael Carvin and Philip Camilleri | Yes | Yes |
| | Snapchat | $60M | Bobby Murphy | Yes | Yes |
| | Somatus | $465.1M | Anthony Welters and Ikenna Okezie | Yes | Yes |
| | Squire | $167.1M | Dave Salvant, Laron Songe | Yes | Yes |
| | Stitch Fix | $79.4M | Katrina Lake |Yes | Yes |
| | Streamlytics | $1M | Angela Benton | Yes | Yes |
| | Tesorio | $16.9M | Fabio Fleitas, Carlos Vega | Yes | Yes |
| | The Virtual Reality Co | $25.1M | Guy Primus | Yes | No |
| | Titan | $73M | Clayton Gardner, Joe Percoco and Max Bernardy | Yes | Yes |
| | Toolbox | $925K | Wil Eyi, Jose Pons Vega | Yes | Yes |
| | TRM Labs | $79.9M | Esteban Castaño, Rahul Raina | Yes | Yes |
| | Twitch | $35M | Justin Kan and Kevin Lin | Yes | No |
| | Unbox | $7M | Gabriel Bayomi Kalejaiye, Vikas Nair, Rishab Ramanathan | Yes | Yes |
| | Universal Hydrogen | $82.5M | John-Paul Clarke, Jon Gordon, Paul Eremenko and Jason Chua | Yes | No |
| |UserZoom | $136.4M | Alfonso de la Nuez, Xavier Mestres and Javier Darriba | Yes | Yes |
| | Vizio |$257M | William Wang | Yes | Yes |
| | VSCO | $90M | Greg Lutze | Yes | No |
| | WebEx acquired by Cisco | $47M | Min Zhu | Yes | No |
| | Webflow | $214.9M | Bryant Chou | Yes | Yes |
| | Weee! | $863.8M | Larry Liu | Yes | Yes |
| | Yahoo! | $6.8M | Jerry Yang | Yes | No |
| | YouTube acquired by Google | $83.5M | Steve Chen | Yes | No |
| | Zepz | $699.7M | Ismail Ahmed | Yes | No |
| | Zoom | $276M | Eric S. Yuan | Yes | Yes |
| | Zuora | $647.5M | Tien Tzuo | Yes | Yes |
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