Venture Investments -Matters
The Why
In a February 2023 Pew Center research report, African Americans accounted for only 3% of all U.S. firms that were classifiable by the race and ethnicity of their owners in 2020. And Black-owned firms accounted for just 1% of gross revenue from classifiable companies that year. Statically, Black adults are more likely to be unemployed and Black businesses are more likely to hire Black workers, so the shortage in Black businesses chokes employment and development in Black communities, moreover underrepresentation of Black business costs U.S. GDP a loss of billions of dollars in unrealized gains. At Kompass, our why involves empowering the entrepreneurs of HBCU alumni through investment that extends beyond writing a check, but setting in motion an economic virtuous cycle grounded in Black American supply an demand.
Investment Focus
Our investment focus is centered around the application of artificial intelligence across different industries and sectors. We seek to invest and support founders who are developing AI products and services that integrate, analyze, and automate sub and cross sector industries.
As a micro VC firm we are advantaged by our size and resources to support the investment portfolio company at every milestone of its journey towards growth and expansion.