BK-XL
BK-XL is an early-stage, industry-agnostic startup accelerator program based in Brooklyn focused exclusively on supporting underrepresented founders. The firm is powered by the Joe and Clara Tsai Foundation's Social Justice Fund with a $50 million commitment over ten years to drive economic empowerment and close racial gaps in Brooklyn.
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BK-XL operates from a social justice and economic empowerment philosophy, viewing early-stage investment as a tool to address systemic inequities in venture funding. The firm believes in taking meaningful equity ownership in underrepresented founder-led companies to create a ‘flywheel that benefits the community’ by reinvesting returns into supporting more underrepresented founders. Their approach emphasizes that successful founders will ‘create jobs, develop products that benefit the community, and foster a culture of innovation.’
What They Look For
What They Don't Invest In
local businesses (e.g., local dry cleaner)
Portfolio Highlights
Afar Foods
Food Beverage
Maraboo
Fintech
NatML
Ai Ml
Peepalytics AI
Ai Ml
Ambessa Play
Edtech
Investment Team
3 Partners at BK-XL
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