100 Black Angels & Allies Fund
100 Black Angels & Allies Fund I is an Atlanta-based venture capital fund, founded in 2020 under Opportunity Hub, that invests in Black-owned technology startups and trains Black angel investors and LPs. It manages a small, diversified portfolio and runs ecosystem-building certificate programs with institutional partners.
- Company typePrivate
- Founded2020
- HeadquartersAtlanta, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 100 Black Angels & Allies Fund does
100 Black Angels & Allies Fund I, LP is a Black ecosystem enablement venture capital fund founded in 2020 and headquartered in Atlanta, Georgia, operating as a subsidiary of Opportunity Hub (OHUB). The fund invests in Black-owned technology startups and Black-led venture funds while simultaneously training and developing a new generation of Black angel investors and limited partners; its stated thesis ties equitable participation in the fourth industrial revolution to closing the racial wealth gap. Its portfolio spans climate technology (Rheaply), workplace diversity analytics (Kanarys), food waste (Goodr), fintech and relationship-based giving (Zirtue), crowdfunding (SoloFunds), retail/lifestyle (7th Avenue/Pull Upon 7th), and fund-of-funds (MAC Ventures), with portfolio company OHUB itself acting as a co-founder and ecosystem anchor.
The fund's revenue model is conventional for an early-stage emerging manager: management fees and carried interest on Fund I, supplemented by tuition or program fees from two certificate programs — the Black Technology Ecosystem Investment Certificate and the Diversity, Equity and Inclusion Solutions (DEIS) Certificate — delivered through UNC Kenan-Flagler's Eship Center Scale School. Distribution runs through a confidential investor portal (ohub.fund), a Typeform-based application, and partner referrals rather than warm-introduction dependency. The fund has assembled a differentiated institutional partnership stack including Revolution (Rise of the Rest), Morgan Stanley's Multicultural Innovation Lab, The Links Incorporated, UNC Kenan-Flagler, and the State of Louisiana's Economic Development Agency (SSBCI), which provided the fund's first institutional $1 million commitment in February 2023. Underlying technology is intentionally minimal: the fund is an investment vehicle, not a software product, with operational tooling limited to a website, newsletter, application forms, and an investor portal.
100 Black Angels & Allies Fund firmographics
Firmographics- Name
- 100 Black Angels & Allies Fund
- Legal name
- 100 Black Angels and Allies Fund I
- Website
- https://blackangels.co
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 100 Black Angels & Allies Fund I is an Atlanta-based venture capital fund, founded in 2020 under Opportunity Hub, that invests in Black-owned technology startups and trains Black angel investors and LPs. It manages a small, diversified portfolio and runs ecosystem-building certificate programs with institutional partners.
- Ownership category
- akta.pro rank
100 Black Angels & Allies Fund industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industries
- Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM), Impact Investment & Development Investment Funds (BPADACAO)
Keywords
Where 100 Black Angels & Allies Fund is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Markets served
100 Black Angels & Allies Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investment Fund Management: The fund operates as a venture capital fund (100 Black Angels Fund I, LP) generating returns through equity investments in Black technology startups and ecosystem building companies. Revenue is generated through management fees and carried interest from successful portfolio exits.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
100 Black Angels & Allies Fund product offering
Product offeringCore offering
100 Black Angels & Allies Fund I is a private venture capital fund structured as a limited partnership that deploys Black and ally capital into early-stage Black-owned technology startups, fund managers, and ecosystem-enabling companies. The fund also trains and develops a new generation of Black angel investors and limited partners, and co-delivers certification programs focused on Black technology ecosystem investing and diversity, equity, and inclusion solutions.
Product overview
100 Black Angels & Allies Fund operates as a single investment fund (100 Black Angels Fund I) focused on investing in Black technology startups and building an inclusive venture ecosystem. The fund provides capital access and strategic support to portfolio companies while offering educational programs including the Black Technology Ecosystem Investment Certificate and Diversity, Equity and Inclusion Solutions Certificate. Additional offerings include the Rise of the Rest Virtual Tour Equity Edition partnership and founder prep programs delivered in collaboration with OHUB and partner organizations. The fund's investment thesis centers on equitable representation in the fourth industrial revolution as a path to decreasing income inequality and the racial wealth gap.
Differentiator
Problem solved
Functional benefit
Products and services
- 100 Black Angels Fund I Private venture capital fund (100 Black Angels and Allies Fund I, LP) that invests equity capital in Black-owned technology startups, fund managers, and ecosystem-enabling companies to advance Black representation in the fourth industrial revolution. Investors participate as limited partners and the fund earns returns through portfolio exits.
- Portfolio Companies Investment Support Direct equity investment and strategic ecosystem support provided by 100 Black Angels Fund I to Black-owned technology startups and venture funds (e.g., OHUB, MAC Ventures, Rheaply, Kanarys, Goodr, Zirtue, SoloFunds, 7th Avenue/Pull Upon 7th).
- Black Technology Ecosystem Investment Certificate Six-month immersive certification program providing training on tactics, nuances, and strategies to become a knowledgeable investor in high-growth technology startups and venture funds, designed for aspiring Black and ally investors focused on Black technology ecosystem deal flow.
- Diversity, Equity and Inclusion Solutions (DEIS) Certificate Six-month immersive certification program addressing intersectional racial equity inside organizations, delivered in collaboration with UNC Kenan-Flagler's Eship Center, Opportunity Hub, and 100 Black Angels and Allies Fund.
Quantifiable outcome
- Less than 1% of Black high growth entrepreneurs received venture funding in 2019 out of $136.5 billion invested
- +2 more outcomes
Companies that use 100 Black Angels & Allies Fund
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
100 Black Angels & Allies Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
100 Black Angels & Allies Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- The Links, IncorporatedcoreNational multi-generational wealth creation initiative partnership. The Links, Incorporated makes strategic investment in 100 Black Angels & Allies Fund through its Links Economic Empowerment Platform (LEEP). Collaboration includes launching Black Technology Ecosystem Investment Certificate Program with UNC Chapel Hill, Duke, and other HBCUs, plus pitch competition at Links 2022 National Assembly.
- UNC Kenan-Flagler Eship CentercoreCollaboration to launch two certification programs: Diversity, Equity and Inclusion Solutions (DEIS) Certificate and Black Technology Ecosystem Investment Certificate. Programs delivered through The Eship Center's Scale School, running from August 2021 through January 2022.
- Revolution (Rise of the Rest)corePartnership to host the Rise of the Rest Virtual Tour: Equity Edition in December 2020. Includes $2M virtual pitch event for Black-founded startups outside Silicon Valley, New York, and Boston. Revolution has deployed millions through bus tour pitch events and reviewed thousands of applications.
- Morgan Stanley's Multicultural Innovation LabcorePartnership with Morgan Stanley's Multicultural Innovation Lab for the Equity Edition of Rise of the Rest. MCIL offers winner and runners-up access to 5-month accelerator program, workspace, curated content, and connections to Morgan Stanley networks.
- Opportunity Hub (OHUB)coreOHUB co-founded 100 Black Angels & Allies Fund. Parent company is the leading technology, startup, and venture ecosystem development platform. OHUB created the 100 Black Angels & Allies investment program and venture capital fund to train and develop Black angel investors.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
100 Black Angels & Allies Fund competitors and assessment
Company assessmentDirect peers
- Harlem Capital: Harlem Capital is an early-stage venture firm investing in Black and Latino founders. It is a direct peer — both funds share the same thesis of expanding capital access for minority founders and target seed-stage rounds in similar deal-flow channels.
- Backstage Capital: Founded by Arlan Hamilton, Backstage Capital is a venture fund dedicated to investing in underrepresented founders (including Black, women, and LGBTQ+ founders). It is a direct peer — both operate as early-stage venture funds with an explicit DEI thesis and similar check sizes, competing for the same pool of Black and underrepresented founders.
- Concrete Rose Capital: Concrete Rose Capital is an impact-focused seed/early-stage VC firm investing in Black, Latinx, and female founders. It is a direct peer — co-invested alongside 100 BAA in Rheaply's Series A and operates with a comparable thesis around underrepresented founders and ecosystem building.
- High Alpha: High Alpha is a venture studio and fund that leads seed-stage rounds in B2B SaaS startups. It is a direct peer / co-investor — High Alpha led Rheaply's $8M Series A with 100 BAA participating, demonstrating overlapping early-stage deal sourcing in similar geographies.
- Kapor Capital: Kapor Capital is an impact-focused VC firm investing in seed-stage tech startups that close gaps in access and opportunity. It is a direct peer — both prioritize racial equity impact, co-invested in the Rise of the Rest Equity Edition, and target similar early-stage underrepresented-founder deal flow.
- Fearless Fund: Fearless Fund is a venture capital fund built by women of color to invest in women of color-led startups. It is a direct peer — it co-invested alongside 100 BAA in the Rise of the Rest Equity Edition pitch event and operates a similar pre-seed/seed thesis targeting underrepresented founders.
Emerging players
- Base Ventures: Base Ventures is an early-stage venture firm investing in underrepresented founders across the U.S. It is an emerging player — smaller and less institutionalized than 100 BAA, but pursues a closely related thesis targeting the same Black and underrepresented-founder segment.
Broad incumbents
- Revolution (Rise of the Rest): Revolution's Rise of the Rest Seed Fund, founded by Steve Case, invests in startups outside Silicon Valley, NYC, and Boston. It is a broad incumbent — partnered with 100 BAA on the Equity Edition pitch event and operates a related (though broader geographic) seed-stage thesis in overlapping founder pools.
- Salesforce Ventures (Impact Fund): Salesforce Ventures is the corporate venture arm of Salesforce, with an Impact Fund focused on companies driving positive social/environmental change. It is a broad incumbent — a much larger institutional investor that participated in Rheaply's Series A alongside 100 BAA and competes for similar impact-oriented rounds.
- Morgan Stanley Multicultural Innovation Lab: The Multicultural Innovation Lab (MCIL) is Morgan Stanley's accelerator for multicultural and women-led startups. It is a broad incumbent — partners with 100 BAA on the Rise of the Rest Equity Edition and competes for the same multicultural-founder pipeline with significantly greater resources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
100 Black Angels & Allies Fund social profiles
Digital presence100 Black Angels & Allies Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
100 Black Angels & Allies Fund leadership team
Management profileNumber of profiles
Profiles6 records
100 Black Angels & Allies Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
100 Black Angels & Allies Fund M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 100 Black Angels & Allies Fund
What does 100 Black Angels & Allies Fund do?
100 Black Angels & Allies Fund I is a private venture capital fund structured as a limited partnership that deploys Black and ally capital into early-stage Black-owned technology startups, fund managers, and ecosystem-enabling companies. The fund also trains and develops a new generation of Black angel investors and limited partners, and co-delivers certification programs focused on Black technology ecosystem investing and diversity, equity, and inclusion solutions.
Is 100 Black Angels & Allies Fund a public or private company?
100 Black Angels & Allies Fund is a private company. It is classified as venture growth investor backed and is currently operating.
When was 100 Black Angels & Allies Fund founded?
100 Black Angels & Allies Fund was founded in 2020. It employs 1 to 10 people.
Where is 100 Black Angels & Allies Fund based?
100 Black Angels & Allies Fund is headquartered in Atlanta, United States, in the North America region.
How does 100 Black Angels & Allies Fund make money?
One revenue line is on record: investment Fund Management.
Who are 100 Black Angels & Allies Fund's main competitors?
Direct peers on record are Harlem Capital, Backstage Capital, Concrete Rose Capital, High Alpha, Kapor Capital and Fearless Fund. Base Ventures is listed as an emerging player. Broad incumbents are Revolution (Rise of the Rest), Salesforce Ventures (Impact Fund) and Morgan Stanley Multicultural Innovation Lab.
Does 100 Black Angels & Allies Fund have an API?
No public API is recorded for 100 Black Angels & Allies Fund.
What industry is 100 Black Angels & Allies Fund in?
100 Black Angels & Allies Fund's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANAJAM, Gender Lens / Diversity, Equity & Inclusion (DEI) Funds. Its NAICS code is 5259 and its SIC code is 6282.