FFundraiseJet
Black Star Fund logo

Black Star Fund

Sacramento, California · Invests in US; Africa; Asia · Website

Thesis

Best-in-class Black-led, high-growth companies represent a new asset class producing outsized returns. Black founders and their companies, historically overlooked and undercapitalized, represent a watershed investment opportunity.

Likely not a fit for

Non-Black founders, companies without diverse founding teams, sectors lacking Black consumer relevance

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Preferred
Involvement
Takes a board seat
Fund status
Between funds
Assets under mgmt
$12M
Decision process
Partnership vote

Partners & team

7 contacts on file

KA

KWAME ANKU

General PartnerManaging Partner & Chief Investment Officer · Primary contact

+ Pitch

k•••@bl•••.fund

LinkedIn profile

X profile

Sign up free to unlock contact →
SF

Sarah Fassberg

Platform & OpsMarketing Associate

+ Pitch

s•••@bl•••.fund

Sign up free to unlock contact →
SL

Sarah Lynn

Platform & OpsHead of Operations

+ Pitch
AG

Alex Gill

Head of Growth Strategy

+ Pitch

a•••@bl•••.fund

Sign up free to unlock contact →
TO

Temi Olonilua

AssociateSummer Associate

+ Pitch

t•••@bl•••.fund

Sign up free to unlock contact →
JF

Jerome Fulton Jr.

AssociateSummer Associate

+ Pitch

j•••@bl•••.fund

Sign up free to unlock contact →
KI

Katya Ivahno

Portfolio Management Intern

+ Pitch

k•••@bl•••.fund

Sign up free to unlock contact →

Portfolio

Recent activity

Black Star Fund in the news

Similar firms

Black Tech Nation Ventures$250K–$1M

Built on a national community of Black technologists and an integrated nonprofit-for-profit talent pipeline, providing structural access to Black operators and focusing on overlooked founders outside Silicon Valley. Headquartered in Pittsburgh, deliberately positioning the city as a national hub for Black venture capital while funding Black founders and developing Black venture capitalists as a talent factory for the next generation.

Black Operator Ventures$1M–$1.5M

All-Black GP team of active tech founders leads and oversubscribes pre-seed and seed rounds for Black-led startups, offering $1M–$1.25M checks, clean docs, realistic valuations, and Series A gap-closing support.

Backstage Capital$50K–$500K

Founded by Arlan Hamilton while homeless with no finance or tech background, Backstage Capital requires at least one founder to be a woman, person of color, or LGBTQ. The fund treats capital allocation as activism and argues that 'underestimated' founders are systematically mispriced assets that create alpha rather than requiring concessionary returns.

New Age Capital$850K–$3M

Seed-stage, thesis-driven VC focusing on tech and tech-enabled startups founded and led by promising Black and Latino entrepreneurs.

Audacity Fund$250K–$1M

Audacity Fund is a Web3 venture capital fund that invests specifically in Black and African-led crypto startups worldwide, with founder Erikan Obotetukudo bringing 15 years of global capital-flows experience and leadership of a 20-country network of Black crypto founders through Crypto for Black Economic Empowerment (CBEE). The fund focuses on building blockchain infrastructure that can scale to 8 billion people, particularly targeting Africa-first asset management and diaspora economic infrastructure like digital nations and crypto on-ramps rather than generic Web3 tooling.

Research briefRead more
Black Star Fund Research Investment Thesis Black Star Fund is one of only six US venture capital firms that are both Black-led and have an all-Black founder portfolio. The fund's core thesis is that best-in-class Black-led, high-growth companies represent a new asset class that produces outsized returns. The firm believes that Black founders and their companies, which have been historically overlo

Sign up free to read the full research brief →

Add Black Star Fund to your investor list

Sign up free to save investors, see partner contacts, and track your raise.

Sign up