Himalaya Rao is the Solo General Partner of The BFM Fund and the first woman of color VC fund manager in Oregon, who built her investing expertise across seven different venture firms before launching her own fund. She uses venture capital as a wealth redistribution tool for Black communities, rejecting traditional unicorn hunting in favor of supporting more companies with de-risked return profiles, and has built structured pipelines to help Black founders access later-stage capital from industry-specific funds.
About their Fund
Sectors
Under-represented founders, Generalist, Consumer, SaaS, Health
Rounds
Pre-Seed - Seed
Avg Check Size
$50K - $150K
Notable Investments
The BFM Fund is a target $10 million seed-stage fund focused on Black-led ventures within the United States. The BFM Fund has an extremely unique high touchpoint investment model that has already seen 4-5x markups in 4 portfolio companies in six months. The BFM Fund has deployed capital into ten startups as of September 2022. The BFM Fund has launched programs to create a more collaborative and inclusive environment for both Black and BIPOC Founders and Funders through The Collective and The Emerge Initiative. Both programs offer resources to Founders and Funders to improve their odds of success in the entrepreneurial and venture capital ecosystems. One of the few funds led by a Women of Color leadership team ​
Other partners at the fund
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Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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