Agua Bonita Becomes First Afro-Latina-Owned Beverage Brand To Raise $2M - NewsBreak

This puts founders Erin PonTell and Kayla Castañeda in an elite group becoming only the 59th Latina-founded company to raise over $1 million in VC funding. Despite being the fastest-growing segment of US entrepreneurs, BIPOC women-owned startups aren't getting their fair share of investment dollars. Inc reported that only 2.7 percent of all venture funding goes to women CEOs, and it's even rarer for female founders to win investment at both early-stage and seed-stage funding rounds. And when the funding comes, only 25% of what they're asking for is actually allocated.