Celebrating Latinx-Founded Companies

¡Feliz Cinco de Mayo! Today we're highlighting several Latinx-founded companies who are powerhouses in their categories. From B2B payment solutions to co-living real estate, to celebrity-founded and IPO-ready, these startups are paving the way for Latinx and other minority founders. 

                    

As we reported in our Q1, 2021 Funding Diversity Report, 2020 showed a 26% decrease in minority-led raises overall. However, minority companies that were successful in their rounds raised, on average, $2.9MM more than those who raised in 2019.

Four Latinx-Founded Private Companies to Watch 

• Brex reached unicorn status after grabbing some of the biggest name investors through 9 rounds of funding. Their offering, a B2B payment system, breathes new life into company credit cards through tailored rewards and travel programs for its members. The company nabbed $425MM in April for their Round D of funding.
   
• Eight Sleep’s smart bed promises to deliver a better night’s sleep, which is reason enough to have earned them a Series C at $40MM. They are leaders in sleep-tech, alongside industry titan & publicly-traded company SleepNumber and relative newcomer, Bryte.

• Starcity raised $30MM in April of last year, which, for metropolitan real estate during COVID, conveys strong investor confidence. That Series B has helped Starcity gain traction in hubs like Los Angeles and San Francisco, even reaching the international market with living spaces in Barcelona, Spain.

• The Honest Company’s founder is celebrity & first-generation Mexican-American, Jessica Alba. She’s used her star power to build an empire in ethical household goods alongside serial entrepreneur Brian Lee. Alba has led The Honest Company through 7 rounds and recently filed for an IPO.