Venture capitalist (VC) Brittany Davis has shared a list of 80 Black-led VC funds in the US, highlighting the growing presence and influence of Black investors.
The Black VC ecosystem
Despite the increasing number of Black entrepreneurs, only 2% of VC funds are Black-led according to Davis.
In return, Black founders in the US only received 0.48% of all venture dollars in 2023, about $661 million out of $136 billion.
Realizing she could not find a recent list of Black-led VC funds, Brittany Davis, a General Partner at Backstage Capital, decided to compile her own.
80 Black-Led VC Funds
With over 3,417 VC firms in the US, the 80 Black-led funds identified by Davis represent a small but significant fraction.
These funds, many of which have open funding applications, invest across all stages of company growth, with some specifically focusing on diverse founders.
“Founders – These funds invest from pre-seed through growth, some with a focus on diverse founders, others more broadly,” Davis wrote on LinkedIn. “VCs – maybe there are some funds you should get to know for deal sharing, etc.”
Davis’s list is a resource for founders seeking investment, limited partners (LPs) looking to diversify their portfolios, and other venture capitalists (VCs) interested in deal sharing.
By making this information public, Davis aims to bring more Black-led funds into the spotlight, fostering an ecosystem that supports diversity in entrepreneurship.
Feature Image Credit: Conor McCabe Photography Ltd
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