Jessica Alba is the founder of The Honest Company.
Jessica Alba is the founder of The Honest Company.
  • A report found nine Black and Latina female founders have reached a $1 billion or higher valuation.
  • Among these entrepreneurs are Rihanna, Jessica Alba, and the makeup artist Pat McGrath.
  • Here are eight of the nine women who've reached unicorn status. 

Though Black and Latina women raised more than 1% of all venture-capital funding in 2021, that number fell in 2022 when VC investments dropped overall due to economic concerns, a recent report on the state of underrepresented women entrepreneurs found.