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Black Angel Tech Fund
Black Angel Tech Fund launched in 2016 after its founding board spent a year building the vehicle, following the 2015 Stanford Black Alumni Summit in...
Black Angel Tech Fund
Black Angel Tech Fund launched in 2016 after its founding board spent a year building the vehicle, following the 2015 Stanford Black Alumni Summit in Atlanta. The fund's origin reflects a direct response to what it calls 'the so-called 2% problem in Silicon Valley' — the disproportionately low share of venture capital flowing to Black founders. The organization operates as a private equity fund, not a single-family office, with a managing member, managing director, and senior advisors forming the core team. Its stated mission is to connect 'national black wealth and expertise' with 'youthful black genius and tech talent' to produce successful technology companies. The fund targets early-stage investments, specifically startup-stage companies, with a sector focus on technology broadly — historical tags indicate an emphasis on enterprise software, financial technology, digital health, and artificial intelligence. The firm's website lists a portfolio page, though individual company names are not publicly cataloged. Black Angel Tech Fund sources deal flow through its network of Black angel investors and alumni communities, with the fund acting as the centralized deployment vehicle. Its investment approach is direct, with no indication of fund-of-funds or secondaries activity. The most recent operational signal on the fund's own site is a news entry dated September 2017, referencing earlier media coverage from June 2016. The website's portfolio page and contact form suggest the fund continues to seek both investors and founders, but no team size, total deployment figure, or office locations beyond the Sacramento headquarters are publicly disclosed. Black Angel Tech Fund's structural differentiation lies in its identity as a community-capital vehicle explicitly organized around a demographic thesis — Black angels backing Black founders — rather than a pure financial-return mandate or a single-family's wealth-management function. This hybrid posture, blending a for-profit fund structure with a mission-driven capital access argument, distinguishes it from both traditional venture firms and philanthropic grant-making organizations. The absence of named principals and portfolio companies, however, limits visibility into its operational execution beyond the founding narrative.
General information
Firm type
Private Equity
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Sacramento
Corporate office
Sacramento, CA, United States
Sector focus
Frequently asked questions
What prompted the formation of Black Angel Tech Fund?
The fund was conceived at the Stanford Black Alumni Summit in May 2015, where a panel discussion on Black tech opportunities highlighted the disconnect between abundant potential Black angel investors and a lack of funded Black tech founders. A founding board worked for a year to formalize the vehicle, launching in 2016 to address what the firm describes as the '2% problem' — the tiny fraction of venture capital reaching Black entrepreneurs.
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.
Is Black Angel Tech Fund a single-family office?
No. The firm is structured as a private equity asset manager, pooling capital from multiple Black angel investors into an early-stage venture fund. It is not a single-family office vehicle, though the precise identity of its managing members and limited partners is not publicly disclosed.
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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