Angel Investor Hannah Bronfman Is Gearing Up To Launch Her Own Fund
Hannah Bronfman, the wellness entrepreneur turned prolific angel investor, has revealed her plans to launch her own investment fund during an event at AFROTECH Conference, as first reported by TechCrunch.
Known for her portfolio of angel investments in over 70 companies—including Black-founded beauty brands like Topicals and Sienna Naturals—Bronfman now aims to manage an institutional fund.
From Angel Investor to Institutional Visionary
Bronfman, who previously founded the wellness and beauty platform HBFIT, shared her experiences with an audience of young Black professionals and tech executives.
She highlighted how community and networking have been pivotal in her career, both as an entrepreneur and as an investor.
Her angel investments began by supporting founders within her network and later expanded to brands she partnered with as a creator.
During the session, Bronfman emphasized the need for more representation among Black investors, who make up less than 5% of the industry.
She encouraged attendees to start investing by building relationships with peers who are already active in the field and to focus on investments aligned with their passions.
Building a Fund for Black-Owned Ventures
The decision to launch her own fund solidified after witnessing criticism surrounding Procter & Gamble’s acquisition of Mielle Organics, a Black-owned haircare brand.
The backlash highlighted a gap in Black-owned holding companies that could serve as destinations for successful Black-founded businesses.
“Where is our Black LVMH?” Bronfman asked the audience, referring to the powerhouse behind luxury brands like Louis Vuitton and Dior.
Her planned fund will focus on supporting overlooked founders, with ambitions to write checks in the $1 million to $3 million range, possibly for Series A rounds.
Feature Image Credit: Theo Wargo/WireImage
