Black Tech Nation Ventures, a Pittsburgh-based venture firm, closed a $50 million inaugural fund. BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes these Black, Latinx, female, indigenous and LGBTQ+ entrepreneurs have the potential to generate outsized returns.
BTN.vc expects to back 20 to 30 companies from its inaugural fund, typically seeking entry at the pre-seed and seed stages with checks in the $250,000 to $1 million range.
BTN.vc was co-founded in 2020 by three serial entrepreneurs united by a commitment to building and enabling a diverse technology ecosystem.
