TLDR:
- Black Tech Nation Ventures raised $50 million for diverse tech startups
- The firm focuses on bridging the funding gap for underrepresented groups in the tech industry
Black Tech Nation Ventures (BTN.vc) announced the successful closing of its $50 million inaugural fund on February 28, 2024. The venture capital firm is dedicated to empowering Black and diverse founders in the tech sector and aims to support pre-seed and seed-stage software and enterprise-focused startups led by individuals from underrepresented groups. BTN.vc has already invested in 10 companies in various cities and expects to back 20-30 companies with checks in the $250,000 to $1 million range from its inaugural fund. The firm has built a unique deal funnel to match its investment focus and is committed to providing intellectual and financial capital to diverse entrepreneurs and investors.
