Black Unicorn Factory
Founded Year
2020Stage
Series B - II | AliveTotal Raised
$646MLast Raised
$1M | 6 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.
Loading...
Loading...
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
1,270 items
Latest Black Unicorn Factory News
Feb 19, 2025
Equity crowdsourcing platform Black Unicorn Factory (BUF) is on its way to becoming the highest-valued Black-owned company to enter a major stock exchange ever, according to a press release. Prior to its NASDAQ listing, BUF had proven itself as a vessel for creating a new generation of investors with its Follow Me For Equity app. Through task-based investing, individuals earn stock by engaging with high-growth companies on social media. This first-of-its-kind model ensures that the ability to build wealth is no longer dictated by money but by participation. “The days of needing capital to invest are over,” founder and CEO Johnny Stewart said. “For too long, wealth has been locked behind financial barriers, keeping everyday people out of the game. BUF is rewriting that story, making investing accessible to everyone—not just the wealthy.” As the first Black-owned billion-dollar pre-IPO startup accelerator, BUF being listed on NASDAQ gives investors immediate access and liquidity , breaking up the traditional lock-up periods that investors so often have to deal with. In January 2025, BUF announced a $20.2 billion valuation, reflecting an innovative sweat equity model and fast-paced growth in addition to an extensive portfolio of over 150 IPO-ready startups . “This new valuation reflects the strength of our innovative business model and the incredible potential of our portfolio,” Stewart said in a January news release. “We’ve worked tirelessly to redefine what’s possible in the accelerator space, and this is just the beginning of a journey to create unprecedented opportunities for our shareholders and partner startups.” The valuation includes a projected net profit increase from $331.5 million in 2025 to $5.2 billion in 2029. The numbers, Stewart said, are a testament to the “trust and belief that our shareholders, startups, and partners hae placed in us.”
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.
Loading...
Compare Black Unicorn Factory to Competitors
Opportunity Hub is a company that aims to create racial equity and multi-generational wealth through technology and venture ecosystems. It provides services such as workforce upskilling, startup incubation, and venture capital programs. The company serves educational institutions, municipalities, corporations, and the tech and startup community. It was founded in 2013 and is based in Atlanta, Georgia.
Level Up Ventures is a venture capital firm that invests in early-stage startups within the technology sector. The firm provides financial investments and support from the Hearst organization to assist Black and Latino founders in their pre-seed or seed funding rounds. Level Up Ventures focuses on the startup ecosystem and companies led by diverse founders. It was founded in 2021 and is based in New York, New York. Level Up Ventures operates as a subsidiary of Hearst.
Black Innovation Alliance is an institution focused on ecosystem building within the innovation sector. The company offers support to Black-led innovator support organizations, aiming to close the racial wealth gap by empowering Black entrepreneurs, tech founders, and creative technologists. Its main services include advocacy, capacity building, narrative change, and research. It was founded in 2020 and is based in Atlanta, Georgia.
Black Ambition is a philanthropic organization that aims to address opportunity and wealth gaps through entrepreneurship in the Black and Hispanic communities. The organization offers services such as mentorship, pitch feedback, and access to capital for startups founded by Black, Hispanic, and HBCU students and entrepreneurs. It was founded in 2020 and is based in Oakland, California.
AfroTech is a platform focused on technology, investing, and wealth-building within the Black community. The company provides news, education, and insights on various topics including startups, venture capital, business, and enterprise. It primarily serves the tech and investing sectors. It is based in Los Angeles, California.
Black Capital is an early-stage fund that focuses on investing in underrepresented founders, particularly in the venture capital sector. The company provides financial support to startups, with a special interest in the Sports Tech, EdTech, and GovTech industries. The primary customers of Black Capital are US-based companies seeking early-stage funding. It is based in Sacramento, California.
Loading...