A  Black Angel Technology Investment Fund


     Office Locations:




  • Early



  • Consumer Products & Services
  • Information Technology
  • Life Sciences & Healthcare
  • Media & Digital Media
  • Software & Internet



    Stanford alumni created the $5 million Black Angel Technology Investment Fund (BATIF), which aims to combat the lack of diverse leadership in Silicon Valley's tech industry. BATIF will support startups with at least one black co-founder who either attends or has graduated from Stanford. BATIF expects to invest in 20 to 30 social media, e-commerce, artificial intelligence, virtual reality, digital media and healthcare tech companies -- from pre-revenue startups to businesses with $10 million valuations. The fund will make initial investments of up to $200,000 in each company, with follow-on investments of up to $2.5 million.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Amy Reid COO, Controller, and Senior Advisor
    Cindy Lang Senior Advisor
    Dr Obi Ugwonali Co-Founder and Managing Partner
    Ken Grimes Managing Director
    Kwame Anku Co-Founder/ Principal


    Portfolio companies include:

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      CEEK VR
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      On Second Thought
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