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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 allocates over 50% of its capital specifically to Black founders, addressing the stark reality that less than 2% of venture capital is typically directed towards them.
Based in Sacramento, California, Black Capital focuses on early-stage investments, primarily in the United States. The fund is committed to creating equitable opportunities in the startup ecosystem. Black Capital's founding team includes experienced professionals dedicated to fostering diversity in venture capital.
Black Capital invests in early-stage companies, specifically from Pre-Seed to Series A, with an average check size of $200,000. The fund's investment criteria emphasize the importance of 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, focusing primarily on U.S.-based companies.
The firm seeks to partner with founders who demonstrate a strong commitment to their vision and possess the necessary skills to execute their business plans. Black Capital's investment strategy is designed to support the growth of companies that align with its mission of promoting diversity and inclusion in the startup ecosystem.
Kevin Johnson - Founder and Managing Partner. Kevin has extensive experience in venture capital and entrepreneurship, focusing on supporting underrepresented founders. He has a strong background in finance and has led numerous successful investments.
Julian Love - Venture Partner. Julian brings a wealth of knowledge in startup development and has a track record of working with diverse founders. His expertise lies in identifying high-potential investment opportunities.
To pitch Black Capital, founders should send their proposals via 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 few weeks, and warm introductions are preferred but not mandatory.
What are Black Capital's investment criteria?
Black Capital looks for early-stage companies with a built product, early traction, and a full-time founder who has deep domain expertise. The solution should address a significant problem in a market valued at over $1 billion.
How can founders 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 investing over 50% of its capital in Black founders and other underrepresented entrepreneurs, addressing a critical gap in the venture capital landscape.
What stages does Black Capital invest in?
The firm invests in companies at the Pre-Seed, Seed, and Series A stages, providing essential funding to help startups grow and scale.
What sectors does Black Capital focus on?
Black Capital has a special interest in Sports Tech, EdTech, and GovTech, although it remains open to opportunities across various industries.
What is the average check size for investments?
The average check size for investments made by Black Capital is $200,000, which is aimed at supporting early-stage companies in their growth journey.
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