Tech startup funding to Blacks, Latinos ticks up in Miami after investor influx

Co-founders of Miami-based cryptocurrency fund Meta4 Capital Nabyl Charania (R) and Brandon Buchanan (L) pose in this undated handout picture obtained by Reuters on December 20, 2021. Meta4/Handout via REUTERS

OAKLAND (Reuters) - Black and Hispanic tech startup funding ticked up in Florida and Georgia this year, following an influx of investors fleeing California and efforts by some venture capitalists to focus on minority founders in the wake of George Floyd’s killing.

The technology industry has long been criticized for overlooking Black and Latino founders, and the improvement was greeted with some caution. Floyd's death sparked a national outcry about the treatment of people of color in many areas, but often without clear results.