Google for Startups Black Founders Fund, based in Mountain View, California, focuses on empowering Black-led startups across Africa, Brazil, Europe, and the United States. The fund provides cash awards and hands-on support to help these startups build and grow their businesses. Typical investments are non-equity assistance rounds of $150,000 each, aimed at fostering financial access, community strengthening, and generational change.
Notable portfolio companies include Accountstory, Buzzbassador, co:census, CyDeploy, EdLight, Edlyft, and Innovare, each receiving $150,000. The fund's investment philosophy centers on providing financial resources and strategic support to underrepresented founders. Key decision-makers leverage Google's extensive network and resources to offer unique value-add services such as mentorship, networking opportunities, and access to Google's vast technological ecosystem.
Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments23
Current Portfolio Count23
Total Portfolio Exits0
Top Investment Stages
Non Equity Assistance22 (95.7%)
Angel1 (4.3%)
Stage Mix
Non Equity Assistance 96%Angel 4%
Concentration shown as share of disclosed investments by stage.
Classification
- NAICS
- 520000Finance and Insurance
- SIC
- 6000Depository Institutions
Show 8 more industry codes
- NAICS
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 525000Funds, Trusts, and Other Financial Vehicles
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6720Investment Offices
- 6722Management Investment Offices, Open-end