A16z Cultural Leadership Fund
Californiaa16z.com
Overview
The Cultural Leadership Fund (CLF) is Silicon Valley's first venture capital fund consisting exclusively of Black cultural leaders and organizations committed to Black wealth generation . CLF co-invests in a16z portfolio companies across industries including consumer, crypto, enterprise, fintech, games, and bio + health . All of CLF's management fees and carry generated are donated to nonprofit organizations and initiatives working to actively engage and advance more Black talent into technology roles .
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Kalshi | Apr 2026 | Series E Extension | Co-investor |
| Doppel | Nov 2025 | Series C | Co-investor |
| Function Health | Jun 2024 | Series A | Co-investor |
| Incredible Health | Aug 2022 | Series B | - |
| Beam | Mar 2021 | Series A | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.