Black Angel Tech Fund

What is Black Angel Tech Fund?

Black Angel Tech Fund is an angel network primarily aimed at empowering African American technology entrepreneurs.

Recognizing the significant underrepresentation of Black professionals in technological innovation and venture funding known as the '2% problem' in Silicon Valley, Black Angel Tech Fund seeks to harness national black wealth and technical expertise alongside young black genius to foster the development of next-generation tech companies with black leaders.

The fund focuses on early-stage investments, specializing in pre-seed, seed, and early-stage ventures, with an investment range from $100,000 to $5,000,000 and a 'sweet spot' for investments around $1,500,000. They operate as a one-of-a-kind boutique fund with an investment thesis that targets high-growth opportunities in the technology sector. Their portfolio spans industries such as software (including web marketplace, SaaS), media, retail and e-commerce, IOT and wearables, online social, and consumer sector.

They not only provide capital but also seek to partner with their investees for mutual success, offering a unique international support network.

Black Angel Tech Fund represents a fearless investment approach by black angels in black tech, initiated by a conversation at The Stanford Black Alumni Summit in May 2015. The team behind this fund includes experienced members like Managing Member Mark Thaiya, Managing Director Ken Grimes, Co-Founder/Senior Advisor Ron Berry, and COO/Controller/Senior Advisor Amy Reid.

They are positioned to address the gaps and opportunities in the tech industry by enabling black techpreneurs to succeed.