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Black Capital is an early-stage venture capital fund established to invest in Black and other underrepresented founders. Founded to combat the historical underrepresentation of Black entrepreneurs in the venture capital industry, Black Capital aims to democratize access to funding and build wealth within the Black community. The firm recognizes that less than 2% of venture capital is typically allocated to Black founders, and it seeks to change this narrative.
Currently, Black Capital focuses on early-stage investments, specifically from Pre-Seed to Series A, with an average check size of $200,000. The firm allocates over 50% of its capital to Black founders, emphasizing its commitment to equitable opportunities in the startup ecosystem. The fund operates primarily in the United States and has a keen interest in sectors such as Sports Tech, EdTech, and GovTech.
Black Capital invests in early-stage companies, specifically targeting Pre-Seed to Series A stages. The average check size is $200,000, allowing the firm to support startups at critical early phases. Investment criteria include having a built product with early traction, a full-time founder with deep domain expertise, and a solution to a pressing problem in a market valued at over $1 billion. While the fund is industry agnostic, it has a particular interest in sectors such as Sports Tech, EdTech, and GovTech.
The geographical focus is on U.S.-based companies, aligning with the fund's mission to support underrepresented founders within the country. Black Capital's investment strategy is designed to create equitable opportunities and foster growth among Black entrepreneurs and other underrepresented groups.
Kevin Johnson - Founder and Managing Partner. Kevin has a background in venture capital and entrepreneurship, focusing on supporting underrepresented founders. He has led numerous investments aimed at promoting diversity in the startup ecosystem.
Julian Love - Venture Partner. Julian brings expertise in early-stage investments and has a strong commitment to fostering diversity in the tech industry. His experience includes working with startups across various sectors.
To pitch Black Capital, founders should send an email to info@blkcap.vc. It is important to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. Founders can expect a response within a reasonable timeframe, although specific timelines are not disclosed.
What are Black Capital's investment criteria?
Black Capital looks for early-stage companies with a built product that has early traction, a full-time founder with deep domain expertise, and a solution to a pressing problem in a market valued at over $1 billion.
How can founders apply or pitch to Black Capital?
Founders can pitch to Black Capital by sending an email to info@blkcap.vc. It is advisable to include a detailed overview of the business, the team, and the market opportunity in the pitch.
What makes Black Capital different from other venture capital firms?
Black Capital is distinct in its commitment to allocating over 50% of its capital to Black founders, addressing the historical underrepresentation of Black entrepreneurs in the venture capital space.
What is the geographical scope of Black Capital's investments?
The firm primarily focuses on U.S.-based companies, aiming to support underrepresented founders within the United States.
What is the average check size for investments?
Black Capital typically invests an average of $200,000 in early-stage companies.
What kind of post-investment involvement does Black Capital have?
While specific details on post-investment involvement are not provided, the firm is likely to engage with portfolio companies to support their growth and success.
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