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§ Angel Group · Atlanta, GA, USA
Venture fund investing in tech startups and funds led by Black founders, providing training and closing funding gaps.
Key people at 100 Black Angels & Allies Fund.
The 100 Black Angels & Allies Fund is an Atlanta-based venture capital firm that invests in technology startups and venture funds led by underrepresented and Black entrepreneurs. The firm focuses on seed and Series A investments, writing checks ranging from $500,000 to $3 million across various industries. Its investment portfolio allocation includes life sciences at 23 percent, consumer products at 21 percent, and business services at 16 percent, alongside enterprise and financial technology sectors. To source deals and support its portfolio, the fund collaborates with strategic partners such as Opportunity Hub, The Links, Incorporated, and Revolution. Operating in the same diversity-focused investment space as Backstage Capital and Harlem Capital, the organization also provides integrated training programs for founders and angel investors. The fund was established by Rodney Sampson and Opportunity Hub.
Key people at 100 Black Angels & Allies Fund.
100 Black Angels & Allies Fund has 1 tracked investment across 1 company. The latest tracked deal is $8.0M Series A in Rheaply in February 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2021 | Rheaply | $8.0M Series A | High Alpha | 9Yards Capital, Coatue, DBL Partners, Future Shape, GE Ventures, Glasswing Ventures, Marc VAN DEN Berg, Paladin Capital Group, Piva Capital, Uncork Capital, Edith Harbaugh, Frederic Kerrest, SAM Palmisano, Concrete Rose Capital, Hyde Park Angels, M25, MCJ Collective, Morgan Stanley, Revolution, Salesforce Ventures |
100 Black Angels & Allies Fund I operates as a venture capital firm, investing to cultivate an equitable tech future within the Black ecosystem. The fund backs edge technology founders, fund managers, and companies actively building and supporting this ecosystem. Its strategy deploys aligned capital into innovative ventures, emphasizing scalable growth for the fourth industrial revolution.
The fund's formation arose from the insight that institutionalized investment in Black founders and ecosystem builders represents a core racial-equity strategy. 100 Black Angels & Allies Fund I was created to mobilize smart, affluent, and skilled Black and ally capital. This endeavor addresses historical disparities, fostering a robust, inclusive landscape for technology.
The firm's portfolio includes Black founders, emerging fund managers, and companies strengthening the Black tech and venture landscape. 100 Black Angels & Allies Fund I envisions racial equity deeply integrated into future technological and economic structures. The fund strives for lasting systemic change by enabling and funding diverse innovation globally.
