Google for Startups Black Founders Fund: U.S. - Google for Startups (2024)

Google for Startups Black Founders Fund: U.S. - Google for Startups (1)

Google for Startups Black Founders Fund: U.S. - Google for Startups (2) U.S - Hybrid

Google for Startups Black Founders Fund: U.S. - Google for Startups (3) 6 months

Google for Startups Black Founders Fund: United States provides cash awards — without giving up equity in return — and hands-on support to help Black-led startups in the U.S. build and grow their businesses.

Google for Startups Black Founders Fund: U.S. - Google for Startups (4)

Google for Startups Black Founders Fund: U.S. - Google for Startups (5) U.S - Hybrid

Google for Startups Black Founders Fund: U.S. - Google for Startups (6) 6 months

Applications are now closed.

About the initiative

Google for Startups Black Founders Fund: U.S. - Google for Startups (7)

Google for Startups Black Founders Fund: U.S. - Google for Startups (8)

About the initiative

Established in 2020, the Google for Startups Black Founders Fund helps Black-led startups in Africa, Brazil, Europe, and the United States secure funding, strengthen communities, and create generational change.

In addition to equity-free cash awards, Black Founders Fund recipients receive ongoing Google mentorship, Google Cloud credits, and product support to help them navigate every stage of their startup journey.

Key benefits

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (9)

    Access to capital

    Up to $150,000 in equity-free cash will be awarded to each startup.

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (10)

    Google Cloud credits and support

    Receive Google Cloud credits and dedicated support via the Google for Startups Cloud Program.

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (11)

    Founder network

    Connect and get support from fellow founders as part of the Google for Startups alumni network.

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (12)

    Custom mentorship

    Receive tailored product and leadership support from Google mentors and industry experts.

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (13)

    Leadership training

    Become a more effective leader through research-based strategies and expert coaching.

  • Google for Startups Black Founders Fund: U.S. - Google for Startups (14)

    Mental health & wellbeing

    Being a founder is tough. Receive therapy that can help you perform at your best.

Entry criteria

Google for Startups Black Founders Fund: U.S. - Google for Startups (15)

Google for Startups Black Founders Fund: U.S. - Google for Startups (16)

Entry criteria

  • Companies with at least one Black founder in their founding team
  • Between pre-seed and Series A
  • Seeking to raise an institutional round of funding to develop their next stage of growth
  • Building a tech-driven scalable product or service with a significant total addressable market and defensible growth model

Google for Startups Black Founders Fund: U.S. - Google for Startups (17) Google for Startups Black Founders Fund: U.S. - Google for Startups (18)

As a Founder in the Google for Startups community, you have a unique opportunity to leverage the collective thinking of Google and your fellow alumni. You also have a special responsibility to respect the culture and share with and support the community.

Mark Peterson

Founder of Ziscuit

Meet the latest cohort

Google for Startups Black Founders Fund: U.S. - Google for Startups (65)

Interested in learning more about our alumni? Browse our global directory and discover startups across regions and industries.

Learn more

Frequently asked questions

Why is Google for Startups doing this?

We believe that funding Black founders empowers entire communities. Access to capital and support leads to greater economic opportunity. Google is uniquely positioned to provide capital and support to help founders grow their businesses, and in turn, create space for founders to succeed and create greater impact for their community. The goal of the fund is to increase economic opportunity for promising Black startup founders. We hope this funding and support can catalyze the growth of Black-led startups, foster innovative solutions to tough problems, and ultimately generate wealth for these communities.

What does a recipient from the Black Founders Fund receive?

The Google for Startups Black Founders Fund provides founders with $150K in non-dilutive capital to help fuel their businesses. Recipients will also receive up to $100K in Google Cloud credits, hands-on mentorship and support across the company, and access to mental health therapy at no cost.

Is the program in-person or virtual?

The program is hybrid: virtual with in-person opportunities taking place throughout the year.

What types of startups have been historically good candidates for the Google for Startups U.S. Black Founders Fund?

Startups are eligible if they are based in the U.S., have raised less than $5M at the time of application, have a full-time founder/cofounder who identifies as Black (30% or more of the business must be minority-owned at the time of application), are post-revenue, and demonstrate traction (sales, monthly active users, beta sign-ups, revenue).

Do you give feedback on applications?

Due to the volume of applications we receive, we do not provide feedback on individual applications.

We have a full-time founder/co-founder that identifies as Black and another full-time founder/co-founder that identifies as Hispanic/Latino. Can we apply to both the Black Founders Fund and Latino Founders Fund?

If you meet the eligibility criteria for both funds, you can apply to both. However, you will only be able to receive funding from one—even if you are accepted into both. You would have to choose which of the two funds to accept. If you are applying to both funds, we recommend that you write out your answers to the application questions in an external document so that you can repurpose your answers because the applications have the same questions.

Where can I learn more?

Watch a recording of the Google for Startups 2023 Founders Funds Ask Me Anything (AMA) Session here. Learn more about previous Latino Founders Fund recipients here and Black Founders Fund recipients here. Read an interview with Latino Founders Fund recipient on the Google Cloud blog here, a feature of multiple Latino Founders Fund recipients on the Google Keyword blog here, and a highlight of the 50 Black Founders Fund recipients on the Google Keyword blog here.

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Google for Startups Black Founders Fund: U.S. - Google for Startups (2024)

FAQs

What is the Google for startups black founder fund? ›

Established in 2020, the Google for Startups Black Founders Fund has awarded more than $30 million to help Black-led startups in Africa, Brazil, Europe, and the United States secure funding, strengthen communities, and create generational change.

What is the Google Black Fund 2024? ›

These Black and Latino-led companies will receive equity-free funding and Google support to continue creating change and economic opportunity with AI.

How much is the Black Founders Fund? ›

What does a recipient from the Black Founders Fund receive? The Google for Startups Black Founders Fund provides founders with $150K in non-dilutive capital to help fuel their businesses.

Who is the founder of Fund Black Founders? ›

They are using their personal credit. They are using their day job salaries; they are putting everything on the line to do this,” says Renee King, CEO and founder of FundBlackFounders, a crowdfunding platform with a namesake mission to level the pre-seed playing field.

Is Google for startups free? ›

Google for Startups Campuses offer physical spaces around the world where tech-based startups enjoy the best of Google with free trainings, mentoring, and a diverse community of problem solvers.

How do startup founders cash out? ›

The main mechanism to become 'well-off' is through 'secondaries': founders sell some shares instead of the entire investment going to the company's bank account. When a company gets to series A/B, VCs are incentivized to give founders enough money so they can focus solely on the company.

How much does Google for startups invest? ›

Established in 2020, the Google for Startups Founders Funds have provided more than $50 million to support underrepresented founders. The goals of our funds are to help promising founders grow their businesses and ultimately, to create generational wealth.

What is a black fund? ›

The Black Fund will invest in programs and organizations that directly invest in the creative and cultural contributions of Black artists of all kinds as a means of expressing, celebrating, preserving, and advancing the legacy of Black people.

How many black founders get funding? ›

Just 0.48% percent of all the VC funding in 2023 went to Black founders, data from Crunchbase shows. Women hardly fare any better, with around 2 percent of VC money raised in 2022. With 31 percent of startups having at least one woman founder, female founders' VC support remains disproportionately low.

What is the minimum investment for the Founders Fund? ›

Founders Fund Growth is a venture capital fund managed by Founders Fund. The fund is located in San Francisco, California. The fund invest in companies with minimum investment of USD 100 million.

How much do founders get paid after funding? ›

In 2022, the average startup founder at a funded startup makes about $150,000 - while the median founder makes closer to $140,000 per year. However, founder compensation varies by the amount of capital that a startup has raised.

Who is the richest black stock investor? ›

Smith (investor) Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners.

What is black founders? ›

Black Founders is creating an ecosystem that stimulates tech entrepreneurship and fosters economic growth. We develop global programs that equip entrepreneurs, inspire innovation, and allow us to share resources.

What was the first black investment firm? ›

“Ariel at 40” traces the four-decade history of Ariel Investments, the first Black-owned mutual fund company in the United States.

How much VC funding goes to Black founders? ›

VC investments in Black-owned startups reached nearly $5 billion in the U.S. in 2021. That figure plummeted by more than half to $2.4 billion in 2022. Crunchbase found in 2023, just $705 million in venture funding went to Black-owned startups, the first year that figure was less than $1 billion since 2016.

What is the Google grant for Nigeria? ›

Google's ₦75 Million Hustle Academy Fund for Nigerian Small Businesses. Google has come up with a fantastic way to help small businesses in Nigeria. They have introduced the Hustle Academy SMB Fund. It's a big step, with a whopping ₦75 million, to boost these businesses.

Who are angel investors in Google? ›

Shriram worked with both Google and Amazon, and he helped Bezos get in as an angel investor in Google. He invested $250,000 in 1998 and had 5.3 million shares at Google's IPO. Bechtolsheim Invested $100,000 in 1998. He wrote the check to Google's founders before the company had even been legally incorporated.

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