We launched the Libra programme last year in response to the numerous reports highlighting a number of underrepresented groups lacking access to equal opportunities across the tech ecosystem. The Libra 1.0 programme focused on Black founders and their lived experience of little or no access to capital, commercial and networking opportunities.
This year, Libra 2.0 will support more ethnic minority founders groups: Black, South Asian, East Asian, and Arab.
In the latest Atomico State of European Tech Report 2021, the data highlights these groups as having the least amount of funding. The reports also highlight a record year of capital for startups, with over $100Bn invested across Europe, but raising capital hasn’t become any easier for early-stage founders in the UK. Access is not equally distributed and ethnic minorities are one group of underrepresented founders that feels most alienated.