Black Unicorn Factory
Founded Year
2020Stage
Series B - II | AliveTotal Raised
$646MLast Raised
$1M | 9 mos agoRevenue
$0000About Black Unicorn Factory
Black Unicorn Factory is a tech startup accelerator program that focuses on transforming African American startups into tech companies ready for stock listings. It was founded in 2020 and is based in Los Angeles, California.
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Expert Collections containing Black Unicorn Factory
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Black Unicorn Factory is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Latest Black Unicorn Factory News
May 9, 2025
Black Unicorn Factory (BUF), a Los Angeles-based venture capital firm, has officially become the most prominent Black-owned venture capital firm in US history by the number of startups funded and total equity issued. The firm has provided over $500 million in alternative investment capital by backing over 150 early-stage companies across various industries. “Cash or other consideration” BUF differs from other firms that rely solely on cash-based investing, as it leverages non-traditional, SEC-compliant methods rooted in the concept of “cash or other consideration” as allowed under exemptions like Reg CF, Reg C, Reg D, Reg A, and Rule 701. Many have overlooked the power of ‘other consideration’ under SEC rules. We’ve used it to fuel businesses—especially those owned by minorities—who just needed a different path to capital and scale,” Johnny Stewart, Founder and CEO of Black Unicorn Factory, said in a press release. Turning value creation into equity BUF’s comprehensive approach turns value creation into equity. Contributors can earn stock through measurable efforts, which are all tracked and disclosed via audit-ready general ledger entries. BUF mixes financial and cultural capital to rethink what a venture capital firm can achieve. It introduced the Follow Me for Equity (FMFE) program, which is managed via a mobile app. Participants, such as gig workers and micro-influencers, complete a structured roadmap of 100 social promotional tasks, earning shares along the way. “Cash isn’t the only form of investment capital; social media engagement is also a real form of investment capital, too ” Stewart says. Image: Adeolu Eletu
Black Unicorn Factory Frequently Asked Questions (FAQ)
When was Black Unicorn Factory founded?
Black Unicorn Factory was founded in 2020.
Where is Black Unicorn Factory's headquarters?
Black Unicorn Factory's headquarters is located at 5777 W Century Boulevard, Los Angeles.
What is Black Unicorn Factory's latest funding round?
Black Unicorn Factory's latest funding round is Series B - II.
How much did Black Unicorn Factory raise?
Black Unicorn Factory raised a total of $646M.
Who are the investors of Black Unicorn Factory?
Investors of Black Unicorn Factory include Barter Ventures.
Who are Black Unicorn Factory's competitors?
Competitors of Black Unicorn Factory include Mogul Millennial and 6 more.
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