Black venture capital firms

In October 2023, California passed a law requiring VC firms to Two key policy recommendations that could address the decline in VC funding for Black women and promote inclusivity are: 1. Base10, co-founded by Adeyemi Ajao in 2018, is currently one of the world’s largest Black-owned VC firms with $1. May 10, 2024 · One of the Largest Black Owned Venture Capital Firms Just Doubled in Size With a $250 Million Round. 1 billion of capital under management. Based on the findings of Jul 28, 2023 · Top Venture Capital Firms in the Global Unicorn Club. m. Black Star Fund is an angel/venture Dec 7, 2021 · With the intent to support African American tech firms, Black Ops Ventures has closed its first fund with investments totaling $13 million. 3 billion was invested in 2021 to Black-founded companies in the U. Nov 2, 2022 · PUBLISHED: November 2, 2022 at 6:00 a. Our Fellowship Program will place students who have participated in the HBCU curriculum, summer internship programs and the student-led fund at venture capital firms for full-time paid investment fellowships for up to 12 months. Colorado’s first Black-owned and Black woman-led venture capital firm recently partnered with the state with the Feb 12, 2024 · According to Venture Forward’s latest VC Human Capital Survey, Black employees account for 5% of all investment professionals, 7% of junior investment professionals, and 4% of investment partners at VC firms. By Tessa Stuart. Website: https://harlem. These 10 VC investors had the most assets under management worldwide as of December 31, 2023. Aug 19, 2023 · Edward Blum's new organization has filed suit against the Fearless Fund, a venture capital firm that backs start-ups led by Black women. Jan 6, 2023 · In total, U. It’s no secret that the venture capital world has a diversity problem. Mar 3, 2024 · 58 Black investors changing the venture capital industry with firms that fund diverse startup founders DEI has been a hot-button topic as billionaires and lawsuits question whether its needed. 1%. Adeyemi Ajao, Managing Partner – Base10. One of the reasons for this is that venture capital investors, who are largely white, aren’t Jan 11, 2024 · Check out our list of the top Chicago startups to watch. Oct 18, 2023 · PitchBook and Crunchbase research also shows that women represent less than one fifth of investment decision makers in US venture capital firms, and less than two percent are Black investment decision makers. 4 billion in 2022, about 2. Recent research has found How majority Black VC firm MaC Venture Capital raised a $110 million fund: A founding managing partner outlines the firm’s journey. Nov 21, 2023 · Black Opal Ventures is a venture capital firm founded by two MIT graduates, general partners Tara Bishop and Eileen Tanghal. Top VC Firms in Tech. A leading Black-owned investment firm in Palo Alto, California. Authentic Ventures. Melissa Bradley, Managing Partner – 1863 Ventures. saw that number more than halved as VCs pulled back significantly last year. The Business Journal’s annual LA500 celebrates the most influential leaders and impactful executives in Los Angeles. Our flagship program is designed for people without venture capital experience and includes training and a paid internship with a VC firm. By providing resources, support, and opportunities, BVCC & DCVC hope to help the next generation of Black STEM entrepreneurs better understand Deep Tech and connect with other founders, technical talent, and venture capitalists to make connections and gain new insights. BVCC and DCVC have teamed up to highlight Deep Tech in the Black STEM community. As of 2020, according to ProjectDiane data, the median seed round for Black female entrepreneurs was $125,000, compared with the national median of $2. “Unfortunately, nothing is really surprising,” said Paul Judge, who along with Marcelo Claure took over the Open Dec 8, 2021 · Black founders are raising more capital than ever, but still just a fraction of a fraction of what others have managed in recent years. DCVC and the Black Venture Capital Consortium (BVCC) have teamed up to highlight Deep Tech in the Black STEM community. The average size and vintage for Black-led venture funds. Collab Capital Managing partners Barry Givens, Jewel Solomon Burks and Justin Dawkins. In 2018, just 3% of VC partners in the US were Black, while 80% were white, according to the NVCA-Deloitte Human Capital Survey, a joint study designed to uncover the state of diversity and inclusion (D&I) across the venture industry. The company believes it has unique expertise that allows it to identify the inherent value of the business. Stage: Early-Stage Venture, Late-Stage Venture, Seed. Companies led by Black women typically receive less than 1% of all venture capital funding. The disparity is especially true for businesses founded by Black women. General Catalyst. Both the GP’s firm and the LP gain if the company does well. Concrete Rose: a Bay Area-based investment fund focused on using financial and social capital to Oct 17, 2023 · Black venture capital firms and other groups that provide funding for small businesses have been swept up in this backlash. This leading Black-owned venture capital firm has gained a reputation by funding young organizations and startups to create solutions to major societal problems. While Black founders still garner less than 1% of the available VC funding, we’re seeing some gains as we head into 2024. 3% raised in BVCC is a nonprofit organization whose mission is to increase diversity in the Venture Capital & Startup Ecosystem. Sep 13, 2021 · Ms. Feb 18, 2022 · While venture-capital funding to Black startup founders smashed records last year — it increased 281% from 2020, according to Crunchbase — the same can't be said for investments in firms led The first Black venture capital firm founded in the United States is considered to be the Harlem Business Alliance's (HBA) Venture Fund, which was launched in 1980. The data recorded at the end of Q3 2019 states that the top 10 most active Venture Capital firms in India alone contribute to 32% of the total deal count in the startup ecosystem. May 26, 2021 · These build upon the $50 million investment by PayPal in eight Black and Latinx-led early-stage venture capital funds announced in October 2020 and are part of the company's commitment to invest $535 million to support Black-owned businesses, strengthen underrepresented minority communities and fight for racial equity and economic equality. May 22, 2024 · While founders may have to cede part of their ownership in exchange for funds, top VC firms can breathe new life into a tech startup and give leaders the resources they need to grow their businesses. To invest, VC firms employ general partners (GPs) to raise funds from investors called limited partners (LPs). Join the BVCC Cohort! We Empower Top HBCU Students. It’s hard to replicate what’s been going on in Silicon Valley for 50 or 60 years. City: Munich, Vancouver. , annually supporting 30 - 40 historically underrepresented university students and recent graduates. 9 billion in U. Feb 22, 2023 · 51 Black investors changing the VC industry with firms dedicated to funding diverse startup founders. Ariel investments is one of the leading investment firms in the US. Founded in 1968, the firm is based in Menlo Park, California, with a legacy of supporting innovative startups across various industries. -based startups overall that occurred last year. Industries: Fintech, Media, SaaS. Apr 21, 2023 · Before 2021, only 93 Black female founders had raised $1 million or more in venture capital. This is despite the fact that diverse founding teams have proven to regularly outperform homogenous ones. 254 billion out of the $215. And Feb 20, 2024 · That's why she and her husband, Jean, decided to launch Caje, a venture firm focused on funding Black female entrepreneurs, in 2021. Zeal Capital Partners invests in diverse management teams reimagining the building blocks of wealth, from education to employment, financial health, and health equity that turbocharge economic mobility. Base Ventures goes by the motto, “There’s nothing worse than being ordinary”, which encourages individuality. This firm caught fire earlier this year when their founder, Dave McClure was accused of sexual Jan 24, 2023 · During the pandemic, Black businesses large and small struggled to get PPP loans from traditional banks leaving Black entrepreneurs to rely on fintech firms and Black-owned banks to get loans Dec 5, 2023 · Venture capital (VC) is a form of financing where capital is invested into a company—a startup or small business—in exchange for equity in the company. The company will invest in funds that focus on Black, Latino, Indigenous, women, and LGBTQIA+ Oct 28, 2020 · The company is putting $50 million in Black- and Latino-led venture capital firms. These unicorns have disrupted industries and reshaped the global business Harlem Capital is a venture capital firm on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders. 5% of the $140. Index Ventures. Harlem Capital is on a mission to integrate founders of color into the entrepreneurial and investment ecosystem. MaC Venture Capital Closes $110M Fund Aimed at Diverse Founders. Black founders raised an estimated $2. A cursory look at the numbers certainly bears that out: In the first half of 2021, Black entrepreneurs secured just 1. As a result, groups are fighting to keep programs that specifically Oct 5, 2022 · Amazon has launched Amazon Catalytic Capital, an initiative that will invest $150 million in venture capital funds, accelerators, incubators and venture studios that provide funding to entrepreneurs from underrepresented backgrounds, primarily at the pre-seed/seed stage of venture capital funding. The aggregate assets under management (AUM) for Black-led venture funds. One of the largest Black-Owned Venture Capital Firms just doubled in size. 5 million. According to the latest VC Human Capital Survey, a biannual report compiled by the National Venture Capital Feb 22, 2023 · After receiving a record $5. Nov 10, 2021 · Come ready with numbers. 1. Their focus on the Midwest and Chicago May 10, 2024 · Black Owned Venture Capital, Private Equity & Angel Investment Firms. Now, the Miami-based venture capital firm reports it Apr 12, 2022 · VCs on a mission: 23 investors looking to fund women, Black, Latin and LGBTQ founders. Founded: 2015. Collab Capital is an investment fund leveraging financial, human, and social capital to help founders build sustainable, technology enabled businesses. 3 billion AUM. Mar 1, 2020 · Specializing in software, IT, and communications markets, JK&B Capital is a Chicago-based venture capital firm with over $1. 💰 AUM: $25. 2 percent of the The venture capital ecosystem is starkly homogeneous. The Alliance is part of NYCEDC’s Venture Access NYC initiative to build a more diverse tech startup ecosystem in New York City. Summary. Feb 27, 2024 · Black-founded startups received less than 0. All investors participated in at least one VC deal in 2023. 06 percent of the $247. But only approximately 1% of those funds were distributed to Black founders. Feb 4, 2021 · This figure is likely to rise as Black ambitious transplants continue to relocate to the “chocolate city” seeking new opportunities. Named after Lewis Latimer, the self-taught Black inventor who helped design and patent the light bulb and the telephone, Latimer Ventures focuses on generating top-level returns and helping Jun 17, 2022 · 2021 peak. Started in: 1999. S. BLCK VC is a 501 (c) (3) organization that aims to transform the venture capital industry to be more inclusive and diverse. The geographic distributions of funds with Black leadership. That’s about 1%, a slight drop from the 1. In 2022, it was 1. Details of the VC firm: Country: Germany, Canada. G. Funding to Black VCs in the US bounced back to $3. PORTFOLIO Our 60+ investments span across 10+ cities Transformational venture capital firm with a commitment to nurturing growth one deal at a time. These talented trailblazers have the ability to spot non-obvious deals that other VCs may miss at the early stage: 1. The early-stage technology venture capital firm is based in Cape Town, South Africa, and a team of experienced entrepreneurs leads it with a personal interest in building companies. Capital is one of the largest VC firms in the Miami area, with over $42 billion of capital under management. 🗓️ Year founded: 2000. Aug 26, 2023 · The lawsuit claims that the venture capital firm’s practice of awarding $20,000 grants, business support services and mentorship to Black women-owned businesses violates a section of the Civil Mar 31, 2019 · The Top VC Firms. Mustapha is the Head of Network and Operations at Connect Ventures, a venture capital firm specializing in seed, startup, series A, and early-stage companies. While venture funding in the U. Location: Chicago. Bessemer Venture Partners. 1 843 Capital: Founded in 2018 by Partner Tracy Chadwell with two funds under management focusing on aging and longevity. May 13, 2021 · Here are the organizations to which we have committed $60 million in capital to date: Black-led venture capital firms: Collab Capital: an Atlanta-based fund for Black founders seeking capital, who value profitability, ownership and optionality. Sep 8, 2022 · Collide Capital: a Los Angeles and New York-based 100% Black-owned VC firm aiming to usher in a new era of venture capital where opportunities go to the most deserving, not the most privileged. Its growth reflects a growing interest from companies like PayPal in backing diverse fund managers. overall dropped nearly a third in 2022 — from about $337 billion to roughly $214 billion Invest in Black Founders (2024 Edition) NGL’s Annual List of Venture Funds and Accelerators for Black Founders. Founders Fund. About Our Firm. Lucas, we tailor each investment to our unique form and hands-on approach, with our agility allowing us to synthesize a wealth of detail into a focused vision. HBCU endowments have often been barred from investing in venture capital and private equity Nov 25, 2023 · The venture capital investment is made when a venture capitalist buys shares of companies and becomes a financial partner of their business. Founded in 1999, Acton Capital is a growth-stage venture capital firm investing in European tech companies. Notable Portfolio Companies: Osano, Avia, Kinetiq. Greylock Partners. But Blacks also comprise a tiny portion of investors at VC firms—4% of the total number of Dec 12, 2022 · Below is a list of 10 leading Black Venture Capitalists making waves in the VC industry; all managing funds that have raised over $100M. ” Jun 10, 2021 · Venture capital firms have historically been slow to diversify their workforces. Andreessen Horowitz. The firm has a wide variety of investment options that it uses to invest in companies. The Vc firm backs bold entrepreneurs and helps them build a global business. DIGITALUNDIVIDED. Benchmark. Dec 1, 2023 · HBCUvc runs the largest paid venture capital program in the U. Stage: Seed, Series A+. Guided by Christopher B. Still, Ross admits there are challenges. Apr 18, 2024 · H. Headquarters: Menlo Park, California, United States. Jump Capital is a leading venture capital firm that invests in technology-enabled companies. Recently named the 2022 Entrepreneur of the Year by the Sacramento Metropolitan Chamber of Commerce, Kwame is a pioneer in the venture capital space having created two of only six venture funds in the United States that are Black-led with all Black portfolio founders. Mar 21, 2020 · Below are 10 ambitious black female venture capitalists who are investing in entrepreneurs from all demographics but cast their net wider. Latimer is focused on MaC Venture Capital is a seed-stage venture capital firm that invests in technology startups leveraging shifts in cultural trends and behaviors. We are a private firm for the visionary. It estimates that only 92 founders identified as Black or African Mar 7, 2024 · List of 60+ Top Women-led Venture Capital Firms. Born to a Spanish mother and Nigerian Feb 20, 2024 · 58 Black investors changing the venture capital industry with firms that fund diverse startup founders DEI has been a hot-button topic as billionaires and lawsuits question whether its needed. Oct 2, 2023 · Arian Simone, a partner at the Black women-owned venture capitalist firm, the Fearless Fund, speaks during a news conference on Aug. Founders: Christoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze, Frank Seehaus. 00B. We invest in exceptional entrepreneurs building category leading technology . Dec 10, 2021 · Venture capital has, historically, been a white guys’ game. Highlight investments include Blavity, Roho, and Win-Win. The HBA Venture Fund was established with the goal of providing equity capital to early-stage companies owned by people of color in the New York City area. , is leading a new $103 million fund to seed young companies started by people of color. 4 billion in venture funding all U. Nov 24, 2020 · According to findings from a 2018 analysis, Black women-led startups have only received . C. Lightspeed Venture Partners. 1% of all venture Feb 27, 2023 · There’s a widely publicized dearth of venture capital invested in Black-owned companies in the U. Share full article By Andrew Ross Sorkin , Jason Karaian , Michael J. Plexo Capital focuses on driving alpha through a unique model that also “fosters diversity in venture capital. 14) Acton Capital Partners. “Venture capital is growing yet it’s got a long way to go. 4 trillion opportunity to increase their returns by not investing with companies owned by multicultural and women entrepreneurs, a new Mar 25, 2021 · A majority Black venture capital firm, helmed by a technology veteran, a Hollywood producer, and a former mayor of Washington D. It provides access, education, and community to Black investors and challenges venture firms to increase their representation and impact. Insights from 1970s Jun 14, 2022 · VC firm Base10 is teaming up with Vista Equity Partners' CEO to support historically Black colleges. Building off of the success of their top-quartile Fund Zero of 34 companies, the Collide Capital team has closed a Fund I to invest in founders with the Jun 19, 2020 · Illustration by Aaron Marin. The following includes venture funds founded by women or those that have a focus on funding women-founded or gender-mixed startups and early-stage companies. Get Started Feb 4, 2021 · According to CB Insights data, only one percent of venture capital-backed tech companies are founded by Black American entrepreneurs. The firms support startups in both the short term and long term, ensuring that their investees are able to reach their full potential. capital/. Four strategies for getting attention from investors. In contrast, the U. companies have committed over $35 billion toward racial equity investing in response to the events of 2020. More than $4. Harlem Capital. de la Merced , Lauren Hirsch and Ephrat Livni Feb 24, 2021 · Using data from Richard Kerby at Equal Ventures, his depiction shows the lack of diversity in venture capital, or specifically that: 58% of venture capitalists are white men, 20% are Asian men, 11 Managing Partner & CIO Kwame Anku is the Founding Managing Partner and Chief Investment Officer of the Black Star Fund. Top venture capital firms, such as Sequoia Capital, Accel Partners, Andreessen Horowitz, Benchmark, and 500 Startups, have a remarkable track record of backing numerous unicorns – startups valued at over $1 billion. venture funding. Lo is the founder and managing partner of Plexo Capital, the firm he incubated inside of GV (Google Ventures) and spun out in 2018. Kgatelopele Venture Capital and Private Equity Pty (Ltd) This firm is a 100% black-owned firm that has invested in various businesses, ones that particularly show growth potential. We educate, train, and place top HBCU students through our Career Track Curriculum Program, Student Consulting Projects, Student Venture Fund, paid Summer Internships, and paid Jan 23, 2020 · BASE VENTURES. The company has made almost 100 investments, including Keebo, a London Fintech start-up that recently closed £5 million in a seed equity funding round, and BlackTag, a global Dallas Venture Capital (DVC) is a Dallas based early-stage venture fund investing in AI/ML, IoT, XR and other emerging technologies launched by enterprise-focused entrepreneurs. This year, the percentage is closer to 3%. 📍 Location: San Francisco, California. 5. In 2021, Black-founded startups received 1. These venture capital firms are working to fix that – and to make money doing it. 4Di is a venture builder firm led by former entrepreneurs and founders. -based startups received last year. Edward Blum is a long In 2020, venture capital investors funneled $150 billion to startups. Dec 18, 2022 · 4Di. Providing resources, support and opportunities, the firms hope to help the next generation of Deep Tech entrepreneurs better understand Deep Tech and connect with other founders, technical talent and venture capitalists to make connections and gain new insight. Black VCs who specifically back startup founders of color are undeterred by these efforts. What’s Changed Since Last Year’s List. This research comes at an opportune moment as U. Aug 1, 2023 · Morgenthaler Ventures is a venture capital firm that focuses on investing in early-stage and growth-stage technology companies. "That's not a huge difference," she acknowledges. The peak year for funding to Black founders was 2021, which mirrors the dramatic rise in venture funding to U. Fellows will be compensated up to $85,000 per year and will receive additional hands-on investment experience Dec 30, 2021 · Snapt, Aerobotics, LifeQ and Lumkani are only a handful of world-shaping companies that have received funding from 4Di Capital, a seed and early-stage focused venture capital firm. 6. Feb 24, 2022 · Fearless Fund’s objective is to address the gap by positioning them to become more attractive for venture investment. Closing on $110M, MaC VC is changing the face of venture capital. ” The firm invests in VC funds, led by women and people of color, and startups. Governments can introduce tax incentives to encourage VC firms to invest in minority-owned businesses, particularly those led by Black women. | UPDATED: November 2, 2022 at 8:27 a. Jump Capital. Jun 5, 2021 · Among the largest Black-led venture capital firms is Los Angeles-based Sinai Capital Partners, which took a huge leap last year by raising $600 million to invest in tech, media and entertainment Feb 1, 2023 · Latimer Ventures is a Baltimore-based venture capital firm that seeks to invest in the next generation of Black and Hispanic enterprise SaaS unicorns. August 19, 2023. The Bronze Dec 11, 2019 · Venture capital firms across America are neglecting a $4. venture capital allocated last year. Founded in 1996, JK&B boasts an impressive track record and offers operational and technology expertise in addition to sheer funding. I. These talented trailblazers have the ability to spot non-obvious deals that other VCs may miss at the early stage. 10. These firms have the most partners featured in our ranking of the top 100 venture capitalists: Accel. Base Ventures, founded by Erik Moore, is a black-owned venture capital firm based in Berkeley, California. Combined, these funds are responsible for getting around $3 Billion of VC funding into the hands of qualified entrepreneurs. 7 billion in total tech venture funding raised since 2009. Ariel Investments. Starting in April 2023, the firm changed its current 20-minute Oct 19, 2022 · The former Microsoft Corp. Black Ops Ventures wants to shake up the norm and invest in Sep 7, 2022 · Under Onovakpuri and Dixon, Kapor Capital is now one of the venture industry’s largest Black-led firms, joining notable peers including Base10 Partners, the first to reach $1 billion in assets Nov 15, 2017 · Venture partner at 500 Startups . chief executive and his wife, Connie Ballmer, this year invested $400 million across four investment vehicles focused on Black venture-capital and private-equity Aug 18, 2022 · When Sykes started out in venture capital in 2016, she says barely 2% of investors at VC firms were Black. 1 billion in venture capital during the height of the market in 2021, Black-founded startups based in the U. It’s harder for founders who aren’t white men to raise funds for their startups. Census Department reports that 13% of the civilian labor force is Black. This month, they announced their inaugural fund investing in health-tech Jul 17, 2020 · At 500 Startups, “the most active early stage venture capital firm in the world”, black people are largely underrepresented. Led by a team of entrepreneurs with personal experience of building companies, 4Di is one of the most established and regarded brands in the local venture capital Dec 12, 2019 · Below are 10 ambitious black female venture capitalists who are investing in entrepreneurs from all demographics but cast their net wider. The average deal size is expanding, yet Black founders’ compound annual growth rate (CAGR) is -7 Mar 1, 2024 · Latimer Ventures is an early-stage venture capital fund that seeks to help Enterprise Founders build great companies and Fortune 1000 Companies make diverse acquisitions. Two years after closing their debut fund of $150 million, Base10 co-founders Adeyemi Ajao and TJ Nahigian are back with a $250 million investment fund and a sense of Feb 12, 2024 · Top VC investors by AUM. Sequoia Capital. Implement tax incentives for VC firms that invest in minority-owned businesses. Starting in April 2023, the firm changed its current 20-minute JoAnn Price of Fairview Capital became one of the first Black woman VC fund managers and raised $100 million in 1994. For years, venture capitalists have faced mounting A Private Firm based in London. 4% of all U. , with just over $1. 10, 2023, in New York. Despite the rapid growth of Black entrepreneurship, there is a vast – and growing – funding gap. In addition to providing capital and financing needs, our investment philosophy centers around guiding business development, product, and technology strategy for our Feb 20, 2024 · That's why she and her husband, Jean, decided to launch Caje, a venture firm focused on funding Black female entrepreneurs, in 2021. Aug 4, 2023 · Venture capital funding for Black-owned startups is a fraction of what is invested in tech firms started by white-founders. Blackfin Venture Partners is a Tampa, Florida, based Venture Capital firm specializing in investing in early stage healthcare technology companies, including, but not limited to, Digital Health, Health IT, and Medical Device. Apr 8, 2022 · Base10 Partners is the first Black-led venture-capital firm to top $1 billion in assets. Right now, Black founders receive roughly 1% of VC funding. VC Firms with Human Capital Strategies More Likely to Have Diverse Teams WASHINGTON, DC – Although women comprise nearly one-half (45 percent) of the total venture capital workforce, few are in investment decision-making positions, according to a new report released today by the National Venture Capital Association (NVCA) and Deloitte. 9 billion, or 44%, of that at seed or early-stage funding. The firm invests in technology companies in the seed stage. gl lp gd yj hy lw jl iw uo hd