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The BFM Fund
The BFM Fund operates as a seed-stage venture vehicle built to close the access gap for Black entrepreneurs. The firm invests across the United States and...
The BFM Fund
The BFM Fund operates as a seed-stage venture vehicle built to close the access gap for Black entrepreneurs. The firm invests across the United States and maintains a multi-city footprint that includes Minneapolis, Los Angeles, New York, Atlanta, Miami Beach, Oregon, and Dubai — a hub model designed to surface founders who sit outside conventional venture networks. The fund is industry-agnostic by mandate but screens each opportunity against eight differentiated verticals, intentionally diversifying its exposure while connecting companies to industry-specific lead firms that co-invest and guide them from Series Seed through Series C. Deployment follows a disciplined structure: initial checks range from $50,000 to $100,000 at the seed stage, with half of the fund reserved for follow-on rounds. Rather than operating as a passive LP, The BFM Fund partners directly with sector-specialist lead firms — the approach pairs early-stage capital with operating expertise and a warm path to subsequent institutional leads. Confirmed portfolio holdings include Saysh, the footwear and apparel brand founded by Olympian Allyson Felix; Glow Up Games, the woman-run studio building a mobile game for the HBO series Insecure; HUED, a Black woman-owned healthcare startup that attracted investment from Serena Williams and Black Founders Matter; electric-vehicle charging network OpConnect; mobility payments company Meter Feeder; data-over-audio platform LISNR; ag-tech recycler Re-Nuble; and relationship-driven banking platform WealthMore. Beyond direct investment, the fund fields a suite of founder-support initiatives — Emerge, BIPOC Leaders Lunch, and WOC Dinners — that combine networking, mentorship, and non-dilutive grant awards for concept-stage BIPOC-led companies. The firm also maintains Get Funded, a structured application pipeline that requires pitch decks and five-year financial projections from prospective founders. The multi-office architecture and complementary programming reflect an operating model that treats capital as a foundation rather than a standalone product. What distinguishes the architecture is the explicit half-fund reserve. This, paired with the co-investor partnership model that connects founders to industry-specialist leads, creates a capital stack that reaches deeper into company-building than a standard seed check ever could.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Additional offices
Dubai · Los Angeles · Atlanta · Oregon · New York · Miami Beach
Sector focus
Frequently asked questions
What check size does The BFM Fund typically write?
The firm writes initial checks between $50,000 and $100,000, targeting companies at the Series Seed to Series A stage. Half of the fund is reserved for follow-on investments, which means the fund can continue supporting portfolio companies well beyond the initial round. This reserve ratio is unusually high for a seed-stage vehicle.
How does The BFM Fund source and diligence investment opportunities?
The firm uses a multi-city footprint spanning Minneapolis, Los Angeles, New York, Atlanta, Miami Beach, Oregon, and Dubai to surface founders outside conventional venture networks. Its application portal, Get Funded, requires a pitch deck and five-year financial projections. During evaluation, the team applies industry-specific screening across eight differentiated verticals and partners with sector-specialist lead firms that co-invest and lead subsequent rounds.
Which sectors and stages does The BFM Fund target?
The fund is industry-agnostic at the top of the funnel but applies industry-specific screening to build a diversified portfolio across eight verticals. Confirmed positions span consumer footwear and apparel (Saysh), mobile gaming (Glow Up Games), digital health (HUED), electric-vehicle charging (OpConnect), mobility payments (Meter Feeder), data-over-audio infrastructure (LISNR), agricultural technology (Re-Nuble), and fintech (WealthMore).
How does The BFM Fund's follow-on reserve compare to other seed funds?
Most seed-stage funds reserve 20% to 30% of their capital for follow-on rounds. The BFM Fund reserves 50% — a structural choice that doubles typical industry practice and signals that the firm intends to support portfolio companies with significant dry powder beyond the initial check, rather than relying on outside leads to carry the subsequent financing burden.
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