Arlan's LP Portfolio

Hi! I'm Arlan, the founder and managing partner of Backstage Capital, a boutique venture fund that invests in overachieving, underestimated, founders. In addition to my firm's nearly 200 direct startup investments made since 2015, I have committed personal capital to more than 20 emerging managers. I believe this is another way I can catalyze the startup and investment ecosystem in a meaningful way. Below are some of the amazing funds that I am proud to back with funding and other support. If you are an LP (limited partner), consider reaching out for more information. If you are a startup founder from an underrepresented, underestimated community, these savvy investors want to hear from you!

Meet some of the amazing

emerging managers I'm backing...

Here’s more information about the funds in my LP Portfolio (in alphabetical order):

GPs: Check Warner & Matt Penneycard

Location: United Kingdom

Description: Bold Investment for overlooked founders and markets.

Our focus is to discover and build the possibility of these bold ideas, and provide investment to support the incredible founders behind them.

GPs: Arlan Hamilton, Christie Pitts, Brittany Davis, & Chacho Valadez

Location: Remote

Description: Less than 10% of all venture capital deals go to Women, People of Color, and LGBT founders. Other VCs may see this as a pipeline problem. For years, we have seen it as the biggest opportunity in investment.

Backstage Capital has invested in more than 180 companies led by underrepresented founders.

GPs: Matthew B. Ziskie and David Ambrose

Location: Los Angeles, California

Description: Bungalow is a pre-seed venture fund, focused on identifying software that enables new paths to income for individuals.

GPs: Tessa Flippin

Location: Chicago, IL

Description: Capitalize VC is a Chicago-based venture capital investment firm focused on connecting Black and Latinx founders with access to a diverse community of investors and advisors. The Firm’s investment approach features what it believes to be a unique structure that has the potential to deliver venture capital returns via traditional venture investments, plus the potential for earlier liquidity generated from its revenue-based equity buy back model.


The Firm focuses on enterprise venture solutions in fintech, ad tech, the future of work and direct-to-consumer e-commerce lifestyle brands.

GPs: Barry Givens, Jewel Burks, & Justin Dawkins

Location: Atlanta, Georgia

Description: Our mission is to establish a new institution that provides a viable pathway to sustained wealth for the Black community. We establish this pathway by investing in tech and tech-enabled companies through efficient capital and effective connections between Black innovators, investors, and influencers.

GPs: Pilar Johnson, Bobak Emamian

Location: Brooklyn, New York

Description: We invest in Black, Latinx, and Indigenous founders creating influential businesses that will shape our future into the revolutionary world it's meant to be.

GPs: Stephanie Dorsey, Corey Jones

Location: New Orleans, Louisiana

Description: We back entrepreneurs that are leveraging science and tech to innovate, disrupt, & move the world towards a reimagined, sustainable, & resilient food system.

GPs: Arian Simone, Keshia Knight Pulliam, Ayana Parsons

Location: Atlanta, GA

Description: Fearless Fund invests in women of color led businesses seeking pre-seed, seed level or series A financing. Our mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies. Fearless Fund is built by women of color for women of color.

GPs: Admiral Regina Benjamin, Theresia Gouw Josh Kopelman, Betsy Zimmerman, Ed Zimmerman

Location: US, Europe, and Africa

Description: First Close Partners backs venture funds owned by underrepresented managers (“URMs”) -- especially to help them get to a “first close.” We invest in venture capital firms owned and operated by URMs who are people of color, women, LGBTQIA+, Indigenous people, people with disabilities, and members of other groups that have been historically underrepresented, especially (but not solely) in the venture capital industry. The venture capital funds into which we have invested are predominantly located in the US, Europe and Africa.

GPs: Lolita Taub

Location: US and Latin America.

Description: Ganas Ventures invests in pre-seed and seed Web 2 and Web 3 community-driven startups in the US and Latin America.


We write $100K checks to founders with ganas and a big vision to address big problems in growing markets thru a sustainable go-to-community strategy.


We help our portfolio companies with sales, community, and fundraising strategies by leveraging our expertise, proprietary tools, WhatsApp, and our Ganas LP, mentor, and support community.


We’re on a mission to produce outsized returns con ganas! And, while we’re at it, we’re changing the narrative of who VCs are, who we invest in, and how companies become unicorns by just being us.

GPs: Maya Horgan-Famodu

Location: Nigeria

Description: We are committed to supporting the next generation of African innovators.

GPs: Jennifer Keiser Neundorfer & Maren Thomas Bannon

Location: United States & Europe

Description: January Ventures was founded by operators turned investors who believe in an equal opportunity tech ecosystem.

GPs: Sriram Krishnan

Location: San Francisco, CA

Description: You won't find much information on Kearny Jackson online and that's deliberate. I founded Kearny Jackson to invest in outstanding founders and teams. KJ helps startups in the 0 to 1 stage and beyond with growth and GTM. I do not take board seats. I'm operationally active. I give no-BS, relevant, and actionable advice. No fluff.

GPs: Candice Brackeen & Brian Brackeen

Location: Midwest, United States

Description: At Lightship Capital, we believe social impact and profit are simultaneously achievable. 


So we find, fund, and educate remarkable underrepresented innovators and regions typically excluded from meaningful access to mentorship & venture capital. 


Lightship Capital invests in early stage companies led by BIPOC, LBGTQ+, women & people with disabilities who operate in the CPG, E-Commerce, Sustainability, Artificial Intelligence, and Healthcare spaces.

GPs: Ablorde Ashigbi, Garry Cooper, Tim Grace, Brian Luerssen, Daniel Rogers, Kristen Sonday

Location: Chicago, Illinois

Description: LongJump is a first-check, founder-led fund, based in Chicago, designed to invest in the next generation of founders. We provide capital, connections, and community to help founders take the leap towards building fast-growing, scalable businesses.

GPs: Paige Craig & Leura Craig

Location: Southeast, United States

Description: If you are a founder in the Southeast with an outlandish vision, an MVP, and less than $2M in venture capital raised, we want to hear from you!

GPs: Janine Sickmeyer, Brandon Brooks

Location: Midwest, United States

Description: We support founders who operate early-stage technology companies who are historically overlooked and provide them capital, resources, and connections to scale their business.


We've been in your shoes. We're tech founders with 10+ years of experience running companies and making deals. Now we're authentically supporting entrepreneurs with capital and a founder-friendly focus.

GPs: McKeever (Mac) Conwell,II

Location: Baltimore, Maryland

Description: RareBreed Ventures is a pre-seed fund that invests in exceptional founders outside of large tech ecosystems, earlier than everyone else. Unlike other pre-seed funds, RareBreed takes a concentrated portfolio approach by writing checks of up to $250K as the first or one of the first investors.

GPs: Marie Rocha

Location: Stamford, Connecticut

Description: Realist Ventures strategically invests in founders and ideas at the development, seed, and early stage of Saas, technology and software companies. We invest in companies that are capital efficient with realistic valuations of progress today and in the future. Our pragmatic approach aligns both founders and investors in a trajectory for optimal returns and success.


With an experienced team and network of technologists, operators, academics, management consultants, industry thought leaders, etc., we work diligently with founders to build sound business foundations that advance holistic objectives of stellar growth and profitability.

GPs: Sahil Lavingia

Location: Portland, Oregon

Description: Sahil Lavingia Rolling Fund is structured as a series of quarterly funds.


Unlike investing in a traditional venture fund, when an LP invests in Sahil Lavingia Rolling Fund:

1An LP follows a flexible, quarterly investment schedule rather than a one-time commitment to a fund. An LP participates in investments Sahil Lavingia Rolling Fund makes for each quarterly fund the LP invests in.

2LPs can subscribe for future quarterly funds in advance and easily commit more or less capital as their investment goals change.

GPs: Adam Choe, Amanda Heyman, Danielle Steer

Location: Minnesota, United States

Description: Tundra Ventures finds and de-risks the opportunities other funds can't see. Our early-stage fund brings accelerator guidance to tenacious entrepreneurs, using proven methods to build operators of the future faster and smarter. Building on cultural strengths of grit, pragmatism, and coachability, we tap the unique pipeline to the other multi-trillion-dollar opportunity.

GPs: Nora Bavey & Thea Messel

Location: Sweden & Denmark

Description: Unconventional Ventures is a Nordic early-stage investment firm that invests in: 1) Scalable impact tech 2) at the Pre-seed/seed stage, 3) Founded by underrepresented founders: women, LGBTQ, POC 4) Targeting global market opportunities

GPs: Nora Bavey & Thea Messel

Location: Sweden & Denmark

Description: Unconventional Ventures is a Nordic early-stage investment firm that invests in: 1) Scalable impact tech 2) at the Pre-seed/seed stage, 3) Founded by underrepresented founders: women, LGBTQ, POC 4) Targeting global market opportunities

GPs: Shila Nieves Burney

Location: Atlanta, Georgia

Description: Diverse founding teams outperform their peers by 33%. We are a diverse team backing the new face of technological change that are building early-stage technology solutions in the Southeast.

100 Black Angels & Allies Fund I

GPs: Rodney Sampson & Dane Simmons

Location: Atlanta, Georgia

Description: The mission of 100 Black Angels & Allies Fund I is to align smart, affluent, innovative and skilled Black and ally capital to build a scalable and sustainable Black technology, startup entrepreneurship and venture ecosystem that powers a global Diasporic engine and platform to ensure that Black people everywhere are equitably represented at all levels in the future of work, startup ecosystem and forthcoming 4th Industrial Revolution as a definitive path to decreasing income inequality and the racial wealth gap. This is the path to shared prosperity and multi-generational wealth creation with no reliance on pre-existing multi-generational wealth.

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