Black Angel Tech Fund
Sacramento, CA, United States
Overview
Black Angel Tech Fund provides startup and early-stage capital to companies. Its Fund was created at The Stanford Black Alumni Summit in May 2015 in Atlanta. During the summit, a thought-provoking panel about Black tech opportunities sparked a lively conversation about taking action. That dialogue illuminated a simple realization – the lack of Black techpreneurs and the abundance of potential Black angel investors represented an extraordinary opportunity.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Kit
Participated · Equity · Nov 2016
Kit is an Expa-backed social network that lets users choose, review and bundle products into themed "kits" (e.g., "My Desk Setup" or "My Photography Bag"). Users can monetize their kits by attaching their own Amazon Affiliate IDs to each product, and Kit currently passes affiliate revenue fully to users rather than taking a cut. The company has not yet turned on broader monetization and is focused on growing its user base and improving the discovery experience for end-users. Kit was created by Expa partner and Foursquare cofounder Naveen Selvadurai alongside CEO Camille Hearst. User acquisition has concentrated on recruiting experts and influencers with existing social followings; early popular categories include gear (photography, videography, gaming and desk equipment) and holistic, natural products like skincare. Kit plans to use funding to experiment with business models such as sponsorships and creator-facing SaaS tools.
Team
No current team members are available.