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How the founder of Incredible Health became one of the few Black women to run a unicorn startup

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How the founder of Incredible Health became one of the few Black women to run a unicorn startup

BYEMMA HINCHLIFFE AND PAIGE MCGLAUFLIN via https://fortune.com/

 Last week, an $80 million funding round landed the health care jobs platform Incredible Health a valuation of $1.65 billion. In a private market that has cooled off on minting new unicorns, the announcement turned heads for several reasons.

Incredible Health is led by cofounder and CEO Iman Abuzeid, making the company a rare unicorn—defined as a business valued at over $1 billion—that’s launched and helmed by a Black woman. Black women-founded companies receive under 0.5% of venture capital funding, according to Digital Undivided, which tracks this data. Yet Abuzeid’s Incredible Health joins a handful of Black women-founded unicorns, including Rihanna’s Savage X Fenty and Toyin Ajayi’s Cityblock Health.

“I’m aware that others are looking at me as a role model,” Abuzeid says. “Even though that’s a little bit intimidating, I hope my story provides…..

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I am a future butterfly at the stage of growth when I am turning into an adult. I am enclosed in a hard case shell formed by love, family, and friends. It is the hardest stage of becoming a black butterfly. You will encounter many hardships only to come out stronger and better than what you went in. At this stage, you are finding out who you truly are and how to love yourself.

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