Black and Latino Angel Fund – Startup Investor Profile

**Investment Thesis:** The Black and Latino Angel Investment Fund focuses on providing seed-stage capital to high-growth, next-economy start-ups owned by individuals of color, specifically Black or Latinx entrepreneurs with significant ownership stakes in their businesses. **Investment Focus Areas:** They primarily invest in technology and tech-enabled startups as well as growth businesses located in the Greater Newark Area and the New Jersey Region. **Stage of Investment:** Their investment stages include early-stage companies with proof of concept and some sales, growth companies with some sales, profit-making growth companies, and businesses undergoing ownership transitions. **Geographical Preference:** Their geographical focus is on the Greater Newark Area and the New Jersey Region. **Previous Investments:** Some of their previous investments include 4.0 Analytics, ABF Creative, ReviConnect, Techustle, and Wear Works. **Track Record and Professional Career:** Founded in 2019, the Black and Latino Angel Investment Fund is an angel group investment firm based in Newark, New Jersey, providing funding primarily to early-stage technology or tech-enabled startups operated by African-American or Latinx entrepreneurs. **Investment Check Size:** The average check size for pre-seed is $250,000 and for seed investments is $750,000. **Partnership and Collaboration Styles:** The fund operates in collaboration with the Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers University, receiving financial support from the New Jersey Economic Development Council. They welcome investment submissions from entrepreneurs, corporate funders, and accredited investors to join the fund.

Location:

Country: United States of America

Investment Regions:

Investment Stages: pre-seed, seed

Website: https://www.blackandlatinoangelfund.com/

AI Reasoning: PitchBook reports a deal on 31-Mar-2024 in a company called NasaClip. From that date to the analysis reference date, the gap is less than 6 months, indicating the fund is very active. Also company NasaClip appears on the fund’s portfolio list on their site.

Low Activity – Only known angel investments more than 12 months ago.

Active – Known angel investments between the last 12 and 6 months.

Very Active – Known angel investments in the last 6 months.