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Backstage Capital is a venture capital fund that invests in startups led by underrepresented founders — women, people of color, and LGBTQ+ founders. Founded in 2015 by Arlan Hamilton, the firm has invested in over 200 companies and is launching a $200 million fund in 2025 in partnership with 360 Venture Collective.
Their most common stage is seed (44% of deals). Average disclosed round size is $5.7M (across 38 rounds with reported amounts).
Portfolio
44
Fund Size
$200M
Top Stage
Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
45 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Seed | $3.1M | Nov 2024 | |
| BBoldHue | Seed | $3.4M | Jul 2024 |
| Series C | — | Apr 2024 | |
| Pre-Seed | — | Jan 2023 | |
| Pre-Seed | $2.4M | Jul 2022 | |
| Seed | $2.3M | Feb 2022 | |
| Series B | $40M | Jan 2022 | |
| 77th Ave | Seed | $2.5M | Nov 2021 |
| Pre-Seed | $1M | Oct 2021 | |
| Series A | $7M | Aug 2021 | |
| AA Kids Company About | Series A | $7M | Aug 2021 |
| Series A | $12M | Jun 2021 | |
| Series A | $20M | Jun 2021 | |
| Series A | $18.2M | May 2021 | |
| Series A | $6M | Mar 2021 | |
| Seed | $8M | Jan 2021 | |
| FFrequency Machine | Seed | — | Jan 2021 |
| Pre-Seed | $900K | Jan 2021 | |
| SShearshare | Seed | $2.3M | Dec 2020 |
| UUndock | Seed | $1.6M | Nov 2020 |
| Seed | $1.4M | Oct 2020 | |
| Seed | $2.3M | Oct 2020 | |
| Seed | $2M | Oct 2020 | |
| Seed | $900K | Jan 2020 | |
| Unknown | — | — |
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Top Co-Investors
Precursor Ventures6 shared
Gaingels5 shared
Debut Capital5 shared
Emerson Collective4 shared
M254 shared
Techstars4 shared
Bread & Butter Ventures3 shared
Kapor Capital3 shared
MaC Venture Capital3 shared
Menlo Ventures3 shared
S3 Ventures3 shared
Bumble Fund2 shared
Rise of the Rest Seed Fund2 shared
Hustle Fund2 shared
Y Combinator2 shared
The Community Fund2 shared
Pipeline Angels2 shared
Social Capital2 shared
Fearless Fund2 shared
Structural Capital1 shared
Last updated: 9 September 2026