Non-profit organization Latinas in Tech recently released their Latina Founders list. This is a list of Latina founders who have raised $1M US dollars or more. It also includes founders that have the potential to raise a similar amount.
Increasing visibility of Latina founders
Latinos have always represented just a small share of venture capital investment. Firms have long thought that Latinas don’t get any representation at all. Cecilia Corral and Latinas in Tech set out to prove this misconception wrong.
According to Crunchbase, Black and Latinx founders have raised $2.3 billion, representing 2.6 percent of overall funding. However, ventures that Latina founders have launched are not even listed in the findings. There are over 200 Latinas who have launched their companies, received funding and solidified their companies with robust revenues. For years, journalists in the US and Latin American countries have struggled to find them. Now, with Latinas in Tech’s new list, anyone can sort them by country, name, company or amount raised.
The intention is to see this list grow over time and catch the attention of more venture capital firms. Ultimately, the goal is to increase the number and visibility of Latina founders.
Helping ambitious entrepreneurs succeed
“In 2017, I started to look for Latina Tech Founders after I was told we didn’t meet the fundraising bar to speak at a tech conference for female founders,” said Cecilia Corral, Co-Founder and VP of Product at CareMessage, a Stanford-born and YCombinatorgraduate HealthTech company.
“As the pandemic hit in 2020, I came to realize that with my list of 8 now exceeding 200, it was time for the work to evolve and I couldn’t think of a better organization than Latinas in Tech to carry this forward. I look forward to seeing Latinas in Tech build out an entire ecosystem to support Latina Tech Founders and get this list to the thousands,” said Corral, who has now raised over $25M in philanthropic capital from major institutions for CareMessage.
“Latinas in Tech is important for HealthSherpa because it provides a great venue for me personally as a Korean/Puerto Rican, queer Founder, to have a place of community, support, meet with and partner with other Latinas,” said Cat Perez, Co-founder & Chief Product Officer at HealthSherpa, a California-based technology company focused on connecting individuals with health coverage.
About Latinas in Tech
Latinas in Tech (LiT) is a non-profit with humble origins. The organization started out as two friends in need of career support. It is now a multinational community of over 17,000 Latinx women. The organization has local footprints in the US, Canada, Mexico and the UK. “Our mission is ambitious, just like our members: we seek to reshape the tech industry so that Latinx women are not only well-represented but also thriving in the ecosystem,” said Rocio van Nierop, Executive Director at Latinas in Tech.