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…..