Cherryrock Capital is a venture capital firm founded in 2023 by Stacy Brown-Philpot and Saydeah Howard. It is notable for being the first Black woman–founded, multi-hundred-million-dollar venture firm. Cherryrock Capital focuses on providing Series A and B financing to technology startups led by Black and Latine founders across the United States.
The firm targets companies that have achieved early product-market fit and are on a trajectory to surpass $100 million in revenue.
In January 2025, Cherryrock Capital closed its inaugural fund, Cherryrock Capital Fund I, raising $172 million. The fund received backing from prominent institutions such as Goldman Sachs Asset Management, J.P. Morgan Asset Management, MassMutual, Top Tier Capital Partners, and Pivotal Ventures, as well as individual investors including Mellody Hobson, Reid Hoffman, and Sheryl Sandberg.
Investment Strategy
Cherryrock Capital employs a hands-on approach, leveraging over 60 years of combined operational, board, and investment experience. The firm emphasizes operational excellence and talent development to help companies scale from $1 million to $100 million in revenue. By focusing on underinvested entrepreneurs, Cherryrock aims to change the face of wealth creation while delivering above-market returns for its investors.
Notable Investments
Cherryrock Capital has made significant investments, including:
