Black Star Fund

Black Star Fund is a venture capital firm based in Sacramento, California, established in 2018. The fund focuses on investing in early-stage companies led by African American entrepreneurs, aiming to support innovation and foster economic growth within underrepresented communities. By targeting innovators, Black Star Fund seeks to create opportunities for diverse talent and promote inclusivity in the business landscape.

Kwame Anku

Chief Investment Officer and Managing Partner

4 past transactions

Partake Foods

Series B in 2022
Partake Foods, Inc. is a food company that specializes in producing allergy-friendly cookies. Founded in 2016 and headquartered in Jersey City, New Jersey, the company offers a range of products that are nut-free, gluten-free, vegan, and free from the top 12 allergens, catering to families seeking safe and tasty snack options. The product lineup includes various flavors such as sprouted grain chocolate chip, double chocolate chip, sweet potato millet, carrot oat, and birthday cake mini cookies. Partake Foods sells its products online, allowing customers to enjoy healthy snacks conveniently.

Mixtroz

Seed Round in 2021
Mixtroz, LLC is a technology company based in Birmingham, Alabama, that specializes in a software application designed to enhance virtual communication during various events, including networking functions, meetings, training sessions, orientations, and weddings. Founded in 2014 and originally known as Eleven9 LLC, Mixtroz addresses the challenge of homophily, where attendees struggle to connect at mixers. By implementing its platform in gatherings of 50 or more participants, Mixtroz facilitates better engagement and interaction among attendees while also collecting valuable data. This innovative approach aims to create a more dynamic environment for connections, making it easier for individuals to network effectively.

Partake Foods

Series A in 2021
Partake Foods, Inc. is a food company that specializes in producing allergy-friendly cookies. Founded in 2016 and headquartered in Jersey City, New Jersey, the company offers a range of products that are nut-free, gluten-free, vegan, and free from the top 12 allergens, catering to families seeking safe and tasty snack options. The product lineup includes various flavors such as sprouted grain chocolate chip, double chocolate chip, sweet potato millet, carrot oat, and birthday cake mini cookies. Partake Foods sells its products online, allowing customers to enjoy healthy snacks conveniently.

THE MOST

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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