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The Venture Codex

Black Tech Nation Ventures

213 Smithfield Street, Pittsburgh, PA, 15222, United States

Overview

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
7
Lead investments
2
Investments · 12mo
2
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Rosarium Health

    Participated · Seed · May 2026

    Rosarium Health provides a platform that coordinates the full lifecycle of home-based interventions, including in-home assessments by occupational and physical therapists, home modification recommendations, and contractor execution such as ramps and stair lifts. The company also automates documentation, prior authorization and claims submission to streamline payments and reimbursement. Rosarium operates a network of more than 800 clinicians and 3,000 contractors across 34 states and is in-network for 1.2 million Medicare and Medicaid lives, with plans to reach 4 million by year end. Financially, the company has raised $9 million to date, including a $6 million seed round led by Kalos Ventures. Rosarium plans to use recent funding to expand partnerships with Managed Medicaid and Medicare Advantage plans, particularly in California and the Northeast, and to scale its network and platform technology. The company’s stated goal is to make the home a reliable, large-scale site of care that reduces costs and improves outcomes for aging and underserved populations.

  • Welcome Tech

    Participated · Equity · Aug 2025

    Welcome Tech operates a digital platform built for immigrants, offering access to healthcare, jobs, education and financial tools. The company serves both immigrant community members and enterprise partners, enabling inclusive economic participation and helping employers recruit, retain and serve a diverse workforce. It reports over 4.5 million registered members and a growing base of enterprise partners. Led by CEO Amir Hemmat, Welcome Tech plans to accelerate development of its proprietary AI infrastructure and expand its workforce engagement platform. The company raised new capital to fund product and platform growth and scale its services to employers and immigrant users. Its headquarters are in Los Angeles, California. Welcome Tech offers a suite of products for immigrants, including a bilingual mobile app, a debit card/digital wallet, educational content (SABEResPODER), a Rewards Center, FarmaSEP prescription savings and PODERSeguros auto insurance assistance. The company says it is approaching 4 million registered and active users, surpassed about 1 million app downloads, and has opened more than 500,000 fee-free bilingual bank accounts. From March 2021 to March 2022, wallet growth increased 2,200% and digital-wallet revenue rose 2,800%; its subscription service (launched January 2021) saw 50% quarter-over-quarter growth between Q1 2021 and Q1 2022. Welcome Tech relies on both digital and offline user acquisition channels, including partnerships with embassies and consulates, and emphasizes education-first trust building to lower acquisition costs. The company is not yet profitable and has expanded its team from 20 to 80 employees since its last raise; the board and staff report substantial ethnic diversity. Leadership says the raise will fuel steps toward building a full "operating system" for immigrants and eventual expansion beyond the U.S. Welcome Tech has built a bilingual digital platform, SABEResPODER, that provides educational resources, information and services targeted initially at the U.S. Hispanic community. The company launched a banking service (including a debit card and bilingual mobile app) six months prior to the article and in January introduced a $10/month subscription that offers discounted healthcare resources and free televisits. Welcome emphasizes earning community trust and gathering data before rolling out financial products, positioning financial services as its beachhead. Its platform is approaching 3 million active users, according to CEO Amir Hemmat. Founders Amir Hemmat and Raul Lomeli-Azoubel say the company aims to be a “digital Ellis Island” and plans to use new capital to build partnerships and increase awareness. Welcome operates out of Los Angeles with an office in San Antonio, Texas. Welcome Technologies is a Los Angeles‑based certified B‑corporation providing a platform that connects the global immigrant community to information, products, and services. The company leverages data from distribution channels that reach over 9 million immigrants a year and has built AI-powered products across affordable healthcare, micro-loans, educational resources, and more. Welcome reports a membership of nearly 2 million immigrants and uses that scale to deliver services and insights. Led by Chairman Raul Lomeli-Azoubel and CEO Amir Hemmat, the company recently strengthened its management team with hires including Joe Munoz, Christopher Gulczynski, Rene Garcia, and Gavin Hewitt. It closed an $8M Series A and intends to use the proceeds to expand its digital offerings and build an operating system for immigration. Welcome focuses on combining platform distribution, data, and AI to improve immigrant outcomes and product reach.

  • LunchTable

    Participated · Seed · Jul 2024

    LunchTable (formerly Inphlu) operates a brand amplification platform focused on deepening connections between fans and sports teams through gamification, exclusive content, and two-way interaction. The platform aims to convert passive spectators into passionate social media advocates while delivering targeted exposure for sponsors and actionable data insights. LunchTable has completed pilot partnerships with the Cincinnati Reds, FC Cincinnati, the University of Toledo, and the University of Cincinnati. The company announced a strategic rebrand to LunchTable to emphasize community and fan engagement. With the new funding, LunchTable plans to expand its sales and marketing team, refine the platform, and build a robust customer support infrastructure ahead of a planned commercial launch within the next six months.

  • The Folklore Group

    Participated · Seed · Apr 2024

    Founded in 2018 by Amira Rasool, The Folklore shifted from direct-to-consumer sourcing to launch The Folklore Connect in 2022, a B2B marketplace and wholesale management software. The platform helps fashion brands from Africa, Asia and the Caribbean — and an expanding set of beauty, health and wellness companies — sell to partner global retailers such as Nordstrom. The company has built additional services to help brands scale, including access to working capital and a vetted labor marketplace. Its capital product, The Folklore Capital, is offered by partners and can provide loans of up to $1 million, with pilot loans typically between $10,000 and $30,000. The labor marketplace lists vetted talent and manufacturers for brands that need intermittent help. Brands access the marketplace, capital and other resources when they sign up (for a fee) to the B2B marketplace and SaaS product. The Folklore Group is a fashion e-commerce company founded in 2018 by Amira Rasool that is shifting from direct-to-consumer to a B2B wholesale model. Its core product moving forward is The Folklore Connect, a wholesale platform that links luxury and modern fashion brands in emerging markets to bulk retailers in North America and, later, Europe. The company reported over 100% year-on-year growth in sales since launch and says demand for the products hastened the pivot to wholesale. The $1.7M pre-seed round will be used to develop technology and build sales and customer-success teams, with up to 95% of resources focused on The Folklore Connect. In beta the platform will offer products from up to 30 fashion brands to 15 U.S. retailers; early brand examples include Rich Mnisi, Suki Suki Naturals, and Orange Culture. The Folklore is also rolling out an affiliate marketplace and The Folklore Edit, an online media site, as part of its growth strategy.

  • Hive Wealth

    Led · Seed · Dec 2023

    Hive Wealth launched a mobile app that delivers a digital family office experience and is available on the Apple Store and Google Play. The app includes a personalized ChatGPT guide, benchmarking and analytics, a retirement calculator, and short educational videos. Users join one of three Hives—professionals, entrepreneurs/startups, or gig workers/contractors—for peer-to-peer learning. The platform plans a marketplace to implement financial plans, beginning with referrals to a digital will & trust provider available in all 50 states. Described as SaaS-based financial planning software and a wealth building/protecting marketplace, Hive Wealth says it is on a mission to close the racial, gender, and generational wealth gap by 2040. Yvette Sadler Butler is the company’s founder and CEO. Hive Wealth by Impart Media is a community-first mobile app that helps people grow their wealth and leave a legacy for future generations. The company provides tools aimed at building users' financial futures and currently offers an original docuseries, Money Matters, about personal financial transformation. Hive Wealth is led by founder and CEO Yvette Butler and is based in Silver Spring, MD. Through recent investments, the company is positioned to continue pursuing its mission to close racial, gender, and generational wealth gaps. The articles report funding support but do not disclose financial terms, amounts, or specific instruments. Hive Wealth also previously announced funding from Black Tech Nation Ventures, a national venture fund for Black- and diverse-led transformational tech startups.

Team