Are You a Black Founder Looking for Black-Led VC Funds? Start Here.
Raising capital is hard—especially when you're trying to break into networks that weren't built with you in mind. If you're a Black founder grinding to get your startup funded, we see you. And more importantly, we’re here to support you.
At Beta Boom, we've put together a curated list of some of the most active and impactful Black-led venture capital funds that are investing in founders just like you—from pre-seed to Series A and beyond.
You’ve got enough on your plate—this list is here to help you work smarter, not harder when raising.
How to Maximize Your Chances of Getting Funded
After working with dozens of founders, we’ve found the #1 factor that moves the needle in a fundraise:
Targeting investors who are highly aligned with your startup’s stage, vertical, and mission.
Here’s the thing:
If you're building a FinTech company and you're raising a Seed round, you won’t get far with an EdTech fund that only invests at Series B.
So don’t waste your time on mismatched VCs.
More Resources: Top Pre-Seed Funds | Top Funds Investing in Women | Top Latinx-Led Funds | Top Angel Investors | Best Startup Accelerators | Top FinTech Seed Funds | Top Health Tech Seed Funds | Angel Investor Guide | Complete Pre-Seed Guide
Start Building Your Target Investor List
To help you zero in on the right investors, we’ve included:
- Vertical focus (e.g., HealthTech, Consumer, SaaS)
- Investment stage (e.g., Pre-Seed, Seed, Series A)
- Number of investments
- Most recent investment (to show how active they are)
Use these criteria to build your own target list of investors that actually make sense for you.
Precursor Ventures
Precursor Ventures is an early-stage venture capital firm focused on pre-seed and seed investments in North America. The firm focuses on investments in B2B and B2C software applications and hardware. Precursor Ventures has adopted the Diversity Term Sheet Rider.
Total Investments Made: 444
Top Verticals: Healthcare, FintTech, SaaS, e-Commerce
Website: https://precursorvc.com/
Crunchbase: https://www.crunchbase.com/organization/precursor-ventures
Upfront Ventures
Upfront Ventures is proud to be an early investor and long-term partner to the most exciting founders and startups. Founded in 1996 in Los Angeles with investing professionals based in LA, San Francisco, and Paris, Upfront has backed standout teams across all technology sectors, including Ring (acq. by Amazon), TrueCar (NASDAQ: TRUE), Bird, MakerStudios (acq by Disney), GOAT, Apeel Sciences, thredUP, Invoca and Kyriba (acq by Bridgepoint). We invest about half of our capital in the fast-growing Southern California ecosystem, with the balance across the country as well as investments in Europe and Israel.
Total Investments Made: 427
Top Verticals: Healthcare, Retail, Software, e-Commerce, Ad Tech, SaaS
Website: https://upfront.com/
Crunchbase: https://www.crunchbase.com/organization/precursor-ventures
Kapor Capital
Kapor Capital is an investment firm that invests in early-stage tech-enabled startups. They are an Oakland-based fund that understands that startup companies have the ability to transform entire industries and to address urgent social needs as they do so. It was founded in 1999 and headquartered in Oakland, California.
Total Investments Made: 283
Top Verticals: Education, Finance, Justice, Food, Health
Website: http://www.kaporcapital.com/
Crunchbase: https://www.crunchbase.com/organization/kapor-capital
MaC Venture Capital
MaC Venture Capital is an early-stage venture capital firm focused on finding ideas, technology, and products that can become infectious.
Total Investments Made: 250
Top Verticals: Healthcare, FintTech, SaaS, e-CommerceDigital Media, Software, EdTech
Website: https://macventurecapital.com/
Crunchbase: https://www.crunchbase.com/organization/mac-venture-capital
Celesta Capital
Celesta Capital is a venture capital firm that invests in entrepreneurs and disruptive technology companies. Their management team and investment professionals leverage over 400 years of accumulated investment and operational experience and bring to their portfolio companies a deep and unmatched network of value-added strategic relationships.Celesta Capital invests globally and has offices in California, Israel, India, and China
Total Investments Made: 172
Top Verticals: AI/ML, Semiconductor, Hardware
Website: https://www.celesta.vc/
Crunchbase: https://www.crunchbase.com/organization/wrvi-capital
Backstage Capital
Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. The firm was founded in 2015 by Arlan Hamilton and is headquartered in West Hollywood, California, United States.
Total Investments Made: 156
Top Verticals: Healthcare, FintTech, SaaS, e-CommerceHealth Care, e-Commerce, Software
Website: https://backstagecapital.com/
Crunchbase: https://www.crunchbase.com/organization/backstage-capital
Rough Draft Ventures
Rough Draft Ventures is a student-led team that funds technology-focused university entrepreneurs. They invest checks through founder-friendly SAFEs via their network of student fellows, supplying the brightest student founders across the US with meaningful resources, access to education, and one of their earliest support systems.
Total Investments Made: 156
Top Verticals: Any technology-enabled companies
Website: https://www.roughdraft.vc/
Crunchbase: https://www.crunchbase.com/organization/rough-draft-ventures
Reach Capital
Reach supports entrepreneurs that develops technology solutions for challenges across early childhood, K-12, higher education, and workforce reskilling and upskilling. They invest in early-stage tech tools, applications, content, and services to improve educational opportunities for all learners. The Fund also acts as a catalyst, inspiring and enabling traditional and non-traditional investors to provide capital to the fast-growing ed-tech market.
Total Investments Made: 149
Top Verticals: EdTech, Parent, SaaS
Website: https://reachcapital.com/
Crunchbase: https://www.crunchbase.com/organization/reach-capital
Base10 Partners
Founded by Adeyemi Ajao and TJ Nahigian, Base10 is a San Francisco-based venture capital fund investing in founders who believe purpose is key to profits and in companies that are automating sectors of the Real Economy. We are a technology investment firm investing in Founders who solve problems for the 99%. We donate 50% of profits from our largest investments to create scholarships at underfunded colleges for the next generation of technology founders.
Total Investments Made: 145
Top Verticals: SaaS, FinTech, Ecommerce
Website: https://base10.vc/
Crunchbase: https://www.crunchbase.com/organization/base10-partners
Cleveland Avenue
Cleveland Avenue invests in seed-stage, early-stage, later-stage, and growth-stage deals focused on food and beverage companies, lifestyle consumer brands, AgTech, and technology companies.
Total Investments Made: 136
Top Verticals: Consumer Goods, Food and Beverage, Retail Technology
Website: https://www.clevelandavenue.com/
Crunchbase: https://www.crunchbase.com/organization/cleveland-avenue
Kindred Ventures
Kindred Ventures is a seed-stage venture capital fund that supports startup companies. The company prefers to invest in the software, healthcare, telecommunications, retail, climate technology, and consumer industries. It is based in San Francisco, California, and was founded in 2014 by Steve Jang and Kanyi Maqubela.
Total Investments Made: 128
Top Verticals: Blockchain, Crypto, FinTech, E-Commerce, Market Places
Website: https://kindredventures.com/
Crunchbase: https://www.crunchbase.com/organization/kindred-ventures-2
645 Ventures
645 Ventures is an early-stage venture capital firm that partners with exceptional founders who are building iconic companies. We invest at the Seed and Series A stages and leverage our Voyager software platform to enable our Success team and Connected Network to help founders scale to the growth stage. Select portfolio companies that have reachedthe growth stage include Iterable, Goldbelly, Resident, Eden Health, FiscalNote, and Squire.
Total Investments Made: 118
Top Verticals: SaaS for the Second Wave, Citizen Professionals, The Engineering Value Chain Revolution, and Personalized Consumer Applications
Website: https://645ventures.com/
Crunchbase: https://www.crunchbase.com/organization/645-ventures
Harlem Capital
Harlem Capital is an early-stage venture firm that focuses on investing in tech-enabled startups with post-revenue models. The firm prioritizes support for minority and women founders, aiming to change the landscape of entrepreneurship.
Total Investments Made: 71
Top Verticals: Software, e-Commerce, FinTech, Health Care
Website: https://harlem.capital/
Crunchbase: https://www.crunchbase.com/organization/harlem-capital-partners
Serena Ventures
Serena Ventures focuses on early-stage companies and giving them the opportunity to be heard. Serena Ventures extends relationships, encourages collaboration among portfolio companies, and expands partnership opportunities across my vast network.
Total Investments Made: 70
Top Verticals: Healthcare, FinTech, e-Commerce
Website: https://www.serenaventures.com/
Crunchbase: https://www.crunchbase.com/organization/serena-ventures
Collab Capital
Collab Capital is an investment fund that provides social and financial resources to Black-owned companies. The firm is creating a growth solution for Black founders seeking capital, who value profitability, ownership, and optionality. They leveraging financial, human, and social capital to help founders build sustainable, technology-enabled businesses.
Total Investments Made: 42
Top Verticals: e-Commerce, EdTech, Health and Wellness
Website: https://collab.capital/
Crunchbase: https://www.crunchbase.com/organization/collab-capital
Concrete Rose
Concrete Rose Capital operates as an early-stage investment platform that primarily invests in companies serving underrepresented consumers and helping early-stage companies build diverse teams. It was founded in 2019 and headquartered in Bay Area, US.
Total Investments Made: 42
Top Verticals: FinTech, Health
Website: https://concreterosecapital.com/
Crunchbase: https://www.crunchbase.com/organization/concrete-rose-capital
LongJump
LongJump is a first-check venture fund, based in Chicago, designed to invest in the next generation of founders. We provide capital, connections, and community to help founders take the leap towards building fast-growing, scalable businesses.
Total Investments Made: 39
Top Verticals: Unknown
Website: https://longjump.vc/
Crunchbase: https://www.crunchbase.com/organization/longjump-bb42
Slauson & Co.
Slauson & Co. operates as an early stage venture capital firm.
Total Investments Made: 35
Top Verticals: SMB SaaS, Consumer Tech
Website: hthttps://www.slauson.co/
Crunchbase: https://www.crunchbase.com/organization/slauson-co
Impact America Fund
Impact America Fund is an investment firm that is catalyzing the economic liberation of underserved communities in America.
Total Investments Made: 33
Top Verticals: FinTech, EdTech, Healthcare, Ecommerce
Website: http://www.impactamericafund.com/
Crunchbase: https://www.crunchbase.com/organization/impact-america-fund
Zeal Capital Partners
Zeal Capital Partners is a partner with exceptional diverse management teams building early-stage businesses.
Total Investments Made: 32
Top Verticals: FinTech, Future of Work
Website: https://www.zealvc.co/
Crunchbase: https://www.crunchbase.com/organization/zeal-capital-partners
Maple VC
Maple VC is a pre-seed and seed fund focused on investing in Canadian founders building in America.
Total Investments Made: 32
Top Verticals: Marketplaces, Health Tech, Community
Website: https://www.maplevc.com/
Crunchbase: https://www.crunchbase.com/organization/maple-vc
AIN Ventures
We are a pre-seed and seed-stage focused venture fund that invests in deep tech companies, specializing in those that are dual-use. We seek founders that possess a unique mix of leadership, determination and grit. Founders are the most important part of our investment decision process.
Total Investments Made: 29
Top Verticals: Deep Tech, Veteran-led
Website: https://www.ainventures.com/
Crunchbase: https://www.crunchbase.com/organization/academy-investor-network
Cleo Capital
Cleo Capital is a venture capital company. The company focuses on making investments in early-stage and expanding start-up businesses.
Total Investments Made: 28
Top Verticals: CleanTech, Software, EdTech/Education, InsurTech
Website: https://www.cleocap.com/
Crunchbase: https://www.crunchbase.com/organization/cleo-capital
BETA BOOM
Beta Boom invests in pre-seed software startups building the future for women and multiracial consumers with a particular emphasis on FinTech, Digital Health, EdTech and Consumer Internet. Beta Boom focuses on exceptional founders from diverse life, educational, and professional backgrounds and based in rising tech hubs across the U.S.
Total Investments Made: 27
Top Verticals: FinTech, Digital Health, EdTech, SMB SaaS
Website: https://betaboom.com/
Crunchbase: https://www.crunchbase.com/organization/beta-boom
Fearless Fund
Fearless Fund invests in women of color-led businesses seeking pre-seed, seed level.
Total Investments Made: 27
Top Verticals: e-Commerce/Retail, FinTech
Website: https://www.fearless.fund/
Crunchbase: https://www.crunchbase.com/organization/fearless-fund
SteelSky Ventures
SteelSky Ventures is an early stage fund investing in the future of Women’s Health. The fund is focused on investing in high growth companies that significantly improve access, care and outcomes in women’s health.
Total Investments Made: 26
Top Verticals: Health Care, Women’s Tech, Biotechnology, Medical
Website: https://steelskyventures.com/
Crunchbase: https://www.crunchbase.com/organization/steelsky-ventures
NOEMIS Ventures
NOEMIS Ventures is a venture capital fund investing and partnering with early stage companies to empower and pursue growth.
Total Investments Made: 25
Top Verticals: FinTech, AI/ML, Marketplaces
Website: https://www.noemisventures.com/
Crunchbase: https://www.crunchbase.com/organization/noemis-ventures
PS27 Ventures
The PS27 Titan Fund is a 25 million-dollar venture capital fund focused on early-stage technology companies in their Seed or Series A funding rounds. Titan Fund is investing in companies with AI as the fundamental technology powering products and services within the B2B SaaS and FinTech sectors. Typical check sizes for investments range from$250k-$1M.
Total Investments Made: 24
Top Verticals: HealtFinTech, HealthTech, E-commerce, SaaS, Food and Beverage
Website: https://www.ps27ventures.com/
New Age Capital
New Age Capital is a thesis-driven seed stage venture capital firm that invests in tech and tech-enabled startups founded and led by the most promising Black and Latino entrepreneurs. Its mission is to create and support a world where people of all races, ethnicities, cultures, lifestyles, and environments are exposed to novel ideas, democratized information, and boundless opportunities through the use of technology.
Total Investments Made: 22
Top Verticals: Any technology-enabled companies
Website: https://www.newage.vc/
Crunchbase: https://www.crunchbase.com/organization/new-age-capital
Stellation Capital
Stellation Capital operates as an investment firm.
Total Investments Made: 21
Top Verticals: Unknown
Website: https://www.stellation.vc/
Crunchbase: https://www.crunchbase.com/organization/stellation-capital
Authentic Ventures
Authentic Ventures (AV) is a seed and early stage Venture Capital Firm that believes that a strong, inclusive network of founders, operators and investors can accomplish great things. They have a particular interest in women and minority founders that are solving hard problems. They use their diverse network of talent to help their companies and each other succeed.
Total Investments Made: 21
Top Verticals: Business/productivity software, Artificial Intelligence, Machine Learning, and Digital Health
Website: http://www.authentic-ventures.com/
Crunchbase: https://www.crunchbase.com/organization/authentic-ventures-2
E Squared Ventures
E²JDJ is an early-stage venture firm investing globally in food and agriculture technology and science.
Total Investments Made: 17
Top Verticals: FoodTech, AgTech, Synthetic Biology
Website: www.e2jdj.com
Crunchbase: https://www.crunchbase.com/organization/e%C2%B2jdj
Sixty8 Capital
Sixty8 Capital is a seed-stage venture capital firm focused on investing in diverse communities. Sixty8 Capital is based in Indianapolis, Indiana and is powered by Allos Ventures which has 45 years of venture capital experience. It was founded in 2019 by Kelli Jones and Paul Ehlinger.
Total Investments Made: 16
Top Verticals: Human Resources, EdTech, AI/ML
Website: https://www.sixty8.capital/
Crunchbase: https://www.crunchbase.com/organization/sixty8-capital
Capitalize VC
Capitalize VC is an early-stage venture capital firm based in Chicago, IL. We invest pre-seed capital in commerce-enablement tech companies solving critical problems for retailers, brands, creators, and manufacturers as they navigate a shifting landscape.
Total Investments Made: 14
Top Verticals: FinTech, AdTech, Future of Work, CPG
Website: https://capitalizevc.com
Crunchbase: https://www.crunchbase.com/organization/capitalize-vc
Aperture Venture Capital
Aperture Venture Capital is an early-stage investor in technology companies that increase the ubiquity, movement, and security of capital. Aperture Venture Capital is VC for the Multicultural Mainstream. We back diverse founders leveraging financial innovation to help individuals and businesses thrive.
Total Investments Made: 13
Top Verticals: Consumer, Enterprise, FinTech
Website: https://aperturevc.com/
Crunchbase: https://www.crunchbase.com/organization/aperture-venture-capital
Cake Ventures
Cake Ventures is an investment firm that invests in companies that address the needs of a world undergoing massive demographic changes. Cake Ventures was founded by Monique Woodard.
Total Investments Made: 12
Top Verticals: Aging, Longevity
Website: https://cake.vc/
Crunchbase: https://www.crunchbase.com/organization/cake-ventures
Black Tech Nation Ventures
Black Tech Nation (BTN) Ventures is a $50M early-stage venture capital firm backing diverse founders across enterprise software, healthcare technology, climate technology, financial technology, and marketplaces. The firm was founded by Seán Sebastian, David Motley, and Kelauni Jasmyn.
Total Investments Made: 11
Top Verticals: Marketplaces, Blockchain, FinTech, EdTech, Health Care
Website: http://btn.vc/
Crunchbase: https://www.crunchbase.com/organization/black-tech-nation-ventures
Reinventure Capital
Reinventure Capital invests growth-stage capital in companies that have the potential for both excellent financial returns and sustainable, measurable impacts.
Total Investments Made: 10
Top Verticals: Food, Health Care, Property, FinTech
Website: http://reinventurecapital.com/
Crunchbase: https://www.crunchbase.com/organization/reinventure-capital
1863 Fund
1863 Ventures is a business development program designed to bridge the gap between entrepreneurship and equity. They target new majority entrepreneurs and accelerates them from high potential to high growth. The firm provides several programs designed to support various stages in the lifecycle to include early-stage and growth-stage.
Total Investments Made: 9
Top Verticals: All – Sector Agnostic
Website: https://www.1863ventures.net/
Crunchbase: https://www.crunchbase.com/organization/1863-ventures
Ruthless For Good
RFG invests in companies that aim to improve how we learn, work, and live. We do this by investing in Edtech, workforce development, and access innovation tech.
We back legacy-worthy companies built by the most resilient, enterprising, impact focused and often overlooked founders to realize this vision.
WE CALL THIS LEADER A RUTHLESS FOR GOOD FOUNDER.
Total Investments Made: 8
Top Verticals: Edtech, Workforce development, Access innovation tech
Website: https://www.ruthlessforgood.com/
Crunchbase: https://www.crunchbase.com/organization/ruthless-for-good-fund
Unseen Capital
Unseen Capital created by racially diverse and historically underrepresented business leaders that is intended to identify, fund and support underrepresented founders of early-stage healthcare companies and those building solutions for marginalized communities.
Total Investments Made: 8
Top Verticals: Healthcare, Digital Health, Pharmaceuticals
Website: https://www.unseen.capital/
Crunchbase: https://www.crunchbase.com/organization/unseen-capital/recent_investments
High Street Equity Partners
An early-stage venture capital firm investing in tech driven companies led by underrepresented founders.
Total Investments Made: 7
Top Verticals: Unknown
Website: https://www.highstreetequity.com/
Crunchbase: https://www.crunchbase.com/organization/high-street-equity-partners
Black Founders Matter
The BFM Fund is a seed-stage fund investing primarily in Black-led ventures based in the United States. The Fund is industry-agnostic and focuses on sourcing high-quality Black-led deal flow from a range of accelerator, universities, competitions, fund networks, and open-source applications. The BFM Fund strategy is to build industry verticalsaround their investments and partner with industry-specific Series Seed and Series A lead firms to ensure their portfolio is capitalized and resourced to scale.
Total Investments Made: 7
Top Verticals: e-Commerce, Health Care, Mobile Game
Website: https://www.blackfoundersmatter.org/
Crunchbase: https://www.crunchbase.com/organization/black-founders-matter
Gateway Capital Partners
Gateway Capital Partners is a venture capital firm that aims to be the first venture capital dollar into primarily pre-revenue startups.
Total Investments Made: 7
Top Verticals: Unknown
Website: https://gwaycapital.com/
Exposition Ventures
Exposition Ventures invests in entrepreneurs in the early stage of building and scaling hardware and software companies. Exposition Ventures is headquartered in Chicago, Illinois.
Total Investments Made: 6
Top Verticals: 3D Printing, AI/ML, Robotics, Blockchain, Big Data
Website: https://exposition.ventures/
Black Operator Ventures
Black Ops Ventures, LLC (Black Ops), founded in 2020, is the first venture capital fund of its kind, managed and led by an all-Black team of founders. Black Ops leads seed-stage investments in Black-led tech companies and may also co-invest in Series A rounds or at the pre-seed stage. Black Ops invests in founders who are resilient, have a unique perspective on their market and possess the conviction to win their space. Managed by partners with operator experience, vast networks, and the skills necessary to help scale companies, the fund provides more than capital. Black Ops provides a roadmap to success for Black founders, and aims to create the most billion-dollar valued companies ever founded by Black people.
Total Investments Made: 6
Top Verticals: Sector Agnostic
Website: https://www.blackopsvc.com/
Crunchbase: https://www.crunchbase.com/organization/black-ops-ventures
The 22 Fund
The 22 Fund is a social impact, growth venture capital and advisory firm with a job creation mission to increase the export capacity of U.S. based manufacturing companies.
Total Investments Made: 5
Top Verticals: Manufacturing, Export, Job Creation
Website: https://the22fund.com/
Crunchbase: https://www.crunchbase.com/organization/the-22-fund
M1C | Mission 1 Capital
We invest in early-stage startups driving breakthroughs in energy, industrial resilience, and frontier industries.
Total Investments Made: 5
Top Verticals: Energy independence, Industrial, Frontier Industries
Website: https://m1c.vc/
Looking for Pre-Seed Support? Talk to Us
If you're a pre-seed founder based outside of Silicon Valley, don’t hesitate to reach out to us at Beta Boom. We specialize in supporting diverse, underrepresented founders with the capital, coaching, and community they need to win.
You’re not alone in this. With the right connections and a focused approach, you’ll find the investors who truly believe in your vision.
Think We Missed a Fund? Let Us Know!
If you spot a mistake or want to suggest a fund we missed, feel free to email the author directly at sergio [at] betaboom.com. And apologies in advance if your fund didn’t make this first list—we’re sure this is just the beginning.
How We Invest: We believe the hardest thing about building a startup isn’t raising money, it’s figuring out how to grow your business and make money. At Beta Boom we do more than invest in very early startups. We work extremely hands-on with our founders, as an extension of their team, to figure out how to take their startup to the next level.
No cookie-cutter programs, no useless courses, no mentors that tell you that you should do this, that, and the other.
We invest in your startup and become your partners, coaches, and advocates.
