Black Tech Nation Ventures Closes $50M Inaugural Fund

Black Tech Nation Ventures, a Pittsburgh, PA-based venture capital firm focused on Black and diverse-led technology startups, closed a $50m inaugural fund.

BTN.vc is backed by a range of blue chip LPs including Alphabet, First National Bank (FNB Corp), Mark Cuban, First Close Partners, and Bank of America. They invest 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 within the venture industry as a whole.

The firm is investing in high-potential founders at the seed and pre-seed stage who are building companies with technology that is driving change and unlocking outsized value, in sectors including fintech, edtech, health tech, climate tech, and AI and machine learning. Visit their website located at the btn.vc domain name.