Profile
Black Star Fund is a Black-led venture capital firm based in Sacramento, California, founded in 2018 by Kwame Anku, who serves as the Managing Partner and Chief Investment Officer. The firm is notable for its focus on investing in Black founders, with a commitment to gender parity and a portfolio that reflects this ethos. Black Star Fund is one of the few venture funds in the United States that is Black-led with an all-Black portfolio of founders.
The firm primarily invests in early-stage companies across sectors such as Technology, Consumer Goods, Media & Entertainment, and others. With assets under management totaling $12 million, Black Star Fund typically writes checks ranging from $50,000 to $1 million. The firm focuses on investments in the USA and Africa, supporting under-represented founders and aiming to build Black unicorns.
Notable investments by Black Star Fund include Partake Foods - food products, Acclinate - healthcare technology, Reviver - electronic equipment, Resilia - business software, and Actively Black - clothing. The firm has a track record of successful exits, including companies like Win-Win and Mixtroz.
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