Private Equity

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Black Angel Tech Fund

Black Angel Tech Fund (BATF) is a hybrid angel/micro-VC investment fund dedicated to creating wealth opportunities by identifying and investing early in...

Black Angel Tech Fund logo

Black Angel Tech Fund

Black Angel Tech Fund (BATF) is a hybrid angel/micro-VC investment fund dedicated to creating wealth opportunities by identifying and investing early in world-class Black-led technology companies. It takes a long-term view on investments and acts as an active, value-added partner to entrepreneurs and management teams. The fund positions itself as making fearless investments by Black angels in Black tech and as an antidote to underrepresentation in Silicon Valley tech.

General information

Firm type

Private Equity

Year founded

2016

Location

Region

North America

Country

United States

City

Sacramento

Corporate office

Sacramento, CA, United States

Principals

Mark Thaiya

Managing Member

Ken Grimes

Managing Director

Ron Berry

Co-Founder / Senior Advisor

Amy Reid

COO / Controller / Senior Advisor

Kwame Anku

Co-founder

Ron Berry

Co-founder

Sector focus

Enterprise SoftwareFinTechDigital HealthAI/ML

Frequently asked questions

What investment stages does Black Angel Tech Fund target?

The fund focuses on early-stage companies, specifically startup-stage ventures. Its strategy is concentrated on direct equity investments in technology companies with Black founders at the helm, aiming to capture value at the earliest phase of company building.

How does the fund source its deal flow?

Deal flow originates through the fund's network of Black angel investors, alumni communities — particularly Stanford — and relationships with Black tech entrepreneurs. The fund acts as a centralized capital pool for its angel network to co-invest alongside or through, rather than relying on traditional institutional sourcing channels.

Which sectors does Black Angel Tech Fund focus on?

The fund invests in technology companies broadly, with an emphasis on enterprise software, fintech, digital health, and artificial intelligence. Its mandate is to back next-generation technology companies led by Black founders, without explicit sector exclusions noted publicly.

Who runs investment decisions at Black Angel Tech Fund?

The firm's website lists a managing member and a managing director as the senior investment leaders, alongside a co-founder/senior advisor and a COO/senior advisor. The specific individuals' names are not published on the site, leaving the investment committee composition opaque to outside observers.

Does Black Angel Tech Fund disclose its assets under management or portfolio holdings?

No AUM or deployment figure is publicly disclosed, and the firm's portfolio page does not list individual company names. The fund operates with limited public transparency regarding its scale and specific investment positions, which is not uncommon for early-stage, community-capital vehicles.

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