100 Black Angels & Allies Fund

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.

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

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

• Venture capital fund
• Angel investing
• Ecosystem building
• Seed stage investing
• Fund of funds

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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

Core 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

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• The Links, IncorporatedcoreStrategic or Co-development Partner · 1 March 2021National 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 CentercoreStrategic or Co-development Partner · 17 February 2021Collaboration 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)coreStrategic or Co-development Partner · 24 September 2020Partnership 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 LabcoreStrategic or Co-development Partner · 24 September 2020Partnership 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)coreStrategic or Co-development Partner · 24 September 2020OHUB 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

Direct 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

• LinkedInlinkedin.com/in/rodneysampson
• Xx.com/100blackangels

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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