Meet the Four Latina-Founded Companies That Raised the Most VC Funds in 2021

Latina-founded companies BELatina Latinx
Photo courtesy of belatina.com

A new analysis from Crunchbase seems to prove what we already knew: Latina entrepreneurs are a force to be reckoned with. According to its 2021 report, and even as overall VC numbers appear to be stagnant, individual Latinx and Black founders raised impressive rounds in 2021.

Crunchbase’s 2021 diversity report highlights the 30 Black and Latino founders who raised the most funds this year. Continuing its initiative from last year, Crunchbase’s Diversity Report has tracked the funding gap for Black and Latino founders and the opportunities to close it.

In 2021, the platform has continued to highlight companies with diverse leadership and the investors who fund them, monitoring data and reporting on funding to underrepresented racial and ethnic groups. 

To further measure progress and increase the visibility of companies founded by diverse entrepreneurs, Crunchbase’s Diversity Spotlight data yielded a list of the top 30 Black and Latino-founded companies that raised the most funding in 2021.

These are the Latina-founded companies that raised the most funds in the last twelve months:

1. BlockFi

Flori Marquez Latina-founded BELatina Latinx
Flori Marquez.

2021 total funding amount: $350 million

Founders: Flori Marquez and Zac Prince

Diversity Spotlight tags: Hispanic or Latinx Founded, Women Founded

BlockFi is a financial services company that provides zero-fee trading and crypto-based interest accounts. The New Jersey-based company announced its $350 million Series D funding earlier this year, giving the company a $3 billion valuation. The funding round was co-led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.  

2. Goldbelly

Vanessa Torrivilla Latina-founded BELatina Latinx
Vanessa Torrivilla.

2021 total funding amount: $100 million

Founders: Joe Ariel, Joel Gillman, Trevor Stow, and Vanessa Torrivilla

Diversity Spotlight tags: Hispanic or Latinx Founded, Women-Led

Goldbelly is a New York-based online marketplace that connects local food providers to eaters with tools for ordering and doorstep delivery. The company recently raised a $100 million Series C led by Spectrum Equity, a private equity firm that provides capital and strategic support to internet, software, and information services companies. Goldbelly had a post-money valuation of $400 million as of May.

3. Eight Sleep

Alexandra Zatarain

2021 total funding amount: $86 million

Founders: Alexandra Zatarain, Andrea Ballarini, Massimo Andreasi Bassi and Matteo Franceschetti

Diversity Spotlight tags: Hispanic or Latinx Founded, Women-Led

Eight Sleep develops sleep fitness products that feature hydro-powered cooling technology and a health tracker. The New York-based company closed an $86 million Series C earlier this year, led by Valor Equity Partners. Backed by leading Silicon Valley investors, including Khosla Ventures and Y Combinator, Fast Company named it in 2018 as one of the “Most Innovative Companies in Consumer Electronics.” The company had a post-money valuation of $450 million as of August.

4. Aura Biosciences

Elisabet de los Pinos BELatina Latinx
Elisabet de los Pinos.

2021 total funding amount: $80 million

Founder: Elisabet de los Pinos

Diversity Spotlight tags: Hispanic or Latinx Founded, Hispanic or Latinx Origin Led, Women Founded, Women-Led.

Cambridge-based Aura Biosciences is a biotechnology company applying nanotechnology to help fight cancer. The company closed on $80 million in oversubscribed financing earlier this year, led by Matrix Capital Management and Surveyor Capital. Aura Biosciences went public in October and raised an undisclosed round led by Ysios Capital in November.

With information from Crunchbase.