Black Star Fund
2121 Natomas Crossing Drive Suite 200, Sacramento, CA, 95834, United States
Overview
Black Star Fund is an early stage innovation fund focusing primarily in the United States & Africa. We invest in the innovators . Those who see new enterprise as the gateway to a world that is more abundant, balanced and productive.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Funding Platform
- Venture Capital
Investment portfolio
- Partake Foods
Participated · Series B · Oct 2022
Partake Foods, founded in 2016, produces allergy-friendly snacks and mixes (cookies in multiple flavors, baking mixes, and pancake and waffle mixes) and operates with products made in a top-nine allergen-free facility. Allergy-friendliness is core to the brand and its product testing and manufacturing practices. Distribution expanded from about 5,000 stores at the end of 2021 to roughly 9,000 stores, including Target, Whole Foods, Walmart, and Kroger, and the products also appear on American Airlines flights and in certain offices. Revenue grew 200% between 2020 and 2021 and 100% between 2021 and 2022; headcount rose from one employee in 2020 to 20 in 2022. The company has raised $19 million to date and used the new capital to support hiring, retail sales leadership, operations, marketing, and product innovation. Planned initiatives include further distribution expansion, seasonal flavors, a new product category, partnerships with national brands, more hiring, and expanding channels beyond the grocery aisle.
Team
Kwame Yao Anku
Founder, Chairman & CEO
LinkedIn