Black Star Fund

Black Star Fund is a venture capital firm established in 2018 and located in Sacramento, California. The firm focuses on early-stage investments primarily in the United States and Africa, with a particular emphasis on supporting companies founded by African Americans. Black Star Fund aims to empower innovators who view entrepreneurship as a means to create a more abundant, balanced, and productive world. Through its investments, the firm seeks to foster growth and development in diverse markets, contributing to the advancement of new enterprises.

Kwame Anku

Chief Investment Officer and Managing Partner

5 past transactions

Richualist

Pre Seed Round in 2023
THE MOST specializes in designing and manufacturing innovative tools and appliances aimed at simplifying the styling of textured hair. Recognizing the challenges faced by millions of women with highly textured hair, the company focuses on creating products that enhance grooming efficiency and convenience. Their flagship all-in-one styling tool warms conditioners, gels, moisturizers, and oils while detangling hair, allowing users to save time and improve hair health. By addressing significant pain points in the grooming routine, THE MOST targets the $250 billion hair care market, specifically catering to the 60% of consumers with textured hair who seek effective solutions. The company's proprietary designs also open opportunities for lucrative licensing partnerships within the $3 billion U.S. liquid product market for textured hair care, establishing a unique business model in the beauty industry.

Partake Foods

Series B in 2022
Partake Foods, Inc. is a food company that specializes in the production and sale of allergy-friendly cookies. Founded in 2016 and headquartered in Jersey City, New Jersey, the company offers a diverse range of products, including nut-free, gluten-free, and vegan cookies. Its offerings feature various flavors such as sprouted grain chocolate chip, double chocolate chip, sweet potato millet, carrot oat, and birthday cake mini cookies. Partake Foods is committed to providing non-genetically modified and kosher options, catering to health-conscious consumers and families seeking safe snack alternatives. The company's products are available for purchase online, emphasizing accessibility for customers looking for healthy, allergen-free snacks.

Mixtroz

Seed Round in 2021
Mixtroz, LLC is a Birmingham, Alabama-based company that specializes in creating a software application aimed at enhancing virtual communication during various events, including networking functions, meetings, trainings, orientations, and weddings. Founded in 2014, Mixtroz addresses the challenge of attendee engagement, known as homophily, where individuals tend to connect with like-minded participants. The application facilitates interactions among attendees by utilizing digital communication and machine learning algorithms to foster physical connections. Additionally, it collects real-time data for event organizers, allowing them to form groups based on participant responses and ultimately enhancing the overall experience for both hosts and attendees.

Partake Foods

Series A in 2021
Partake Foods, Inc. is a food company that specializes in the production and sale of allergy-friendly cookies. Founded in 2016 and headquartered in Jersey City, New Jersey, the company offers a diverse range of products, including nut-free, gluten-free, and vegan cookies. Its offerings feature various flavors such as sprouted grain chocolate chip, double chocolate chip, sweet potato millet, carrot oat, and birthday cake mini cookies. Partake Foods is committed to providing non-genetically modified and kosher options, catering to health-conscious consumers and families seeking safe snack alternatives. The company's products are available for purchase online, emphasizing accessibility for customers looking for healthy, allergen-free snacks.

Richualist

Pre Seed Round in 2019
THE MOST specializes in designing and manufacturing innovative tools and appliances aimed at simplifying the styling of textured hair. Recognizing the challenges faced by millions of women with highly textured hair, the company focuses on creating products that enhance grooming efficiency and convenience. Their flagship all-in-one styling tool warms conditioners, gels, moisturizers, and oils while detangling hair, allowing users to save time and improve hair health. By addressing significant pain points in the grooming routine, THE MOST targets the $250 billion hair care market, specifically catering to the 60% of consumers with textured hair who seek effective solutions. The company's proprietary designs also open opportunities for lucrative licensing partnerships within the $3 billion U.S. liquid product market for textured hair care, establishing a unique business model in the beauty industry.
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