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founders
Fundraising
Raising Capital in Baltimore: The Top VCs Funding Startups
Baltimore is rapidly emerging as a key player in the venture capital landscape, attracting investors and fostering a dynamic startup ecosystem. With strengths in cybersecurity, biotech, healthcare, and fintech, the city has become a hotspot for early-stage innovation. For founders looking to raise capital, Baltimore offers a diverse mix of venture capital firms that provide not just funding, but also strategic guidance and industry connections.
In this guide, we’ve curated a list of top venture capital firms in Baltimore that actively invest in high-growth startups. Whether you're a founder seeking pre-seed funding or scaling your business to the next stage, these VCs can help you navigate the fundraising process and accelerate your company's success.
Top VCs in Baltimore
Baltimore Angels
About: Baltimore Angels seeks to invest profitably in the regional entrepreneurial ecosystem and advance early stage innovators to the next stage of capital formation. Our vision is to be the most trusted resource for angel capital investment and mentorship in the Mid-Atlantic.
Inner Loop Capital
About: Inner Loop Capital is a Pre-Seed and Seed Venture Capital Firm Investing at the Intersection of Infrastructure Software and AI.
Access Holdings
About: Access Holdings is a Baltimore-based private equity firm that offers direct investment opportunities.
Bonsal Capital
About: We support tech-enabled, mission-driven startups and funds and leverage our experience as educators, venture capitalists, and ecosystem leaders to empower you to find the resources you need, so you can better serve your end user and customer.
Thesis: Bonsal Capital is a mission-driven partnership, and supporting education has been a core driver since our founding in 1999. With decades of experience in education as investors, practitioners, and volunteers, our principals have authentically grown a partnership that seeks founders and leaders who want to make a positive impact with a product and/or service, and who keep prospective scale and sustainability at the forefront. We support the growth of companies focused on tech-enabled services in education, and we have invested in and partnered with more than 20 such companies over the past two decades, providing human and financial capital, as well as other resources, that have made a positive impact on tens of millions of end users. We believe that, by fostering education, we can make the world a better place and feel good about our place in it.
Conscious Venture Lab
About: Conscious Venture Lab® (CVL) is an early stage business accelerator with the goal of developing companies and leaders who embrace capitalism as a force for good in society. We work to help extraordinary entrepreneurs in their goal to build companies with societal purpose at their core; to give them all the tools and support they need to create engaged happy employees, loyal and joyful customers, deeply authentic partnerships, caring and safe communities and all manner of wealth for all their stakeholders.
Thesis: Conscious Venture Lab is an immersive 4-month, curriculum and mentor driven accelerator, We build companies focused on the power of purpose.
Camden Partners
About: Founded in 1995, Camden Partners is a growth equity firm that helps the management teams of enterprise software and technology-enabled companies scale their businesses. Camden has invested in 85 companies across six growth-equity funds and is known for providing creative and flexible growth capital. By focusing on the same strategy for over 25 years, the firm’s partners leverage deep domain expertise and a network of operating executives to help management teams grow revenue and cash flow. With initial equity checks between $5 million and $15 million, Camden is a preferred partner for owner-operators who are dilution sensitive.
Savano Capital Partners
About: Savano Capital Partners is a late stage venture fund investing in technology-driven businesses. We focus on investment opportunities in high-growth companies within the software, communications, e-commerce, technology-enabled services, healthcare and clean tech/alternative energy sectors.
We partner with leading companies by providing liquidity to individual shareholders, such as former executives, angel investors and founders. The fund was founded by life-long venture capitalists and entrepreneurs who aim to work collaboratively with company management, venture investors and individual shareholders.
TCP Venture Capital
About: TCP Venture Capital is a Baltimore, Maryland-based early-stage technology focused venture capital firm. We partner with entrepreneurs to build great businesses.
The Propel Baltimore Fund makes investments in early-stage technology companies willing to locate in Baltimore. The Fund addresses the critical need for more early-stage capital in Baltimore City, encourages more entrepreneurial activity in the City, creates more high-paying jobs, and helps to realize Baltimore City’s full potential as a destination for growing businesses.
Healthworx
About: Healthworx operates at the intersection of healthcare and innovation by creating, co-creating and investing in companies that are improving healthcare quality, accessibility and affordability. As the innovation and investment arm of CareFirst of Maryland, Inc., Healthworx envisions a healthier future for all people by changing the way health works. To connect with Healthworx about partnering, media interviews or speaking opportunities, please email comms@healthworx.com.
QuestMark Partners
About: QuestMark is an expansion-stage firm investing behind exceptional management teams building market-leading or market-creating companies. We've worked hard over 18 years, four funds and 60+ investments to establish a track record and reputation as a valuable and trusted partner with our portfolio company management teams and co-investors.
The Startup & Investment Landscape in Baltimore
Baltimore has emerged as a vibrant hub for startups, attracting significant venture capital (VC) investment across various industries. This growth is fueled by the city's strategic location, robust infrastructure, and a collaborative ecosystem that fosters innovation.
Key Industries Attracting Venture Capital
Cybersecurity: Baltimore's cybersecurity sector has been a magnet for VC funding, with companies like ZeroFOX and RedOwl Analytics securing significant investments. tcp.vc
Healthcare and Biotech: The presence of renowned institutions such as Johns Hopkins University has propelled advancements in healthcare and biotechnology. Startups in these fields have attracted considerable venture capital, contributing to the city's reputation as a life sciences hub. nucamp.co
Fintech: Financial technology is another burgeoning industry in Baltimore, with startups developing innovative solutions that have garnered investor interest.
Notable Startup Success Stories
Baltimore's startup ecosystem boasts several success stories that highlight the city's potential:
Apkudo: Specializing in device management solutions, Apkudo has expanded internationally, reflecting the global reach of Baltimore-based tech companies.
Dragos: A leader in cybersecurity for industrial control systems, Dragos has secured substantial funding, underscoring the strength of Baltimore's cybersecurity sector.
b.well Connected Health: This healthtech company focuses on integrated health management and has attracted significant investments, showcasing the city's prowess in healthcare innovation.
Proximity to Washington, D.C., and Its Advantages
Baltimore's strategic location near Washington, D.C., offers distinct benefits for startups:
Access to Government Contracts: Proximity to federal agencies provides startups with opportunities to secure government contracts, especially in sectors like cybersecurity and defense.
Networking Opportunities: The closeness to the nation's capital facilitates connections with policymakers, potential partners, and investors, enhancing business development prospects.
Talent Pool: The region boasts a diverse and highly educated workforce, drawing from prestigious institutions and a steady influx of professionals, which is advantageous for scaling startups.
Resources for Baltimore Startups
Baltimore's thriving startup ecosystem offers various resources to support entrepreneurs at every stage of their journey. From accelerators and incubators to co-working spaces and founder networks, the city provides numerous opportunities for growth and collaboration.
Accelerators & Incubators
Techstars Equitech Accelerator: A partnership between Techstars and UpSurge Baltimore, this accelerator focuses on fostering diverse and inclusive startups. It provides mentorship, funding, and access to a global network of investors and industry experts.
ETC (Emerging Technology Centers): A technology-focused incubator offering mentorship, networking events, and workshops to support startups and entrepreneurs in Baltimore.
bwtech@UMBC: Located at the University of Maryland, Baltimore County, bwtech@UMBC is a research and technology park that offers incubation and accelerator programs, particularly for cybersecurity and IT startups.
StarTUp Accelerator at Towson University: An eight-week, cohort-based fellowship where founders collaborate to accelerate their ventures. Participants receive mentorship, a $10,000 equity-free stipend, and access to Towson University's resources.
Co-Working Spaces & Hubs
Betamore: A co-working space and campus for technology and entrepreneurship, offering educational programs, mentorship, and a collaborative community for startups.
Spark Baltimore: Located in the heart of downtown, Spark provides private offices and shared workspaces designed for entrepreneurs, creators, and innovators.
Open Works: A 34,000-square-foot makerspace offering shared wood, metal, and digital fabrication, textiles, and electronics workspaces, as well as private studios.
Maryland Innovation Center: A 60,000-square-foot facility centrally located between Baltimore and Washington, D.C., providing state-of-the-art conference, event, and co-working spaces.
Founder Networks & Pitch Events
Baltimore Innovation Week: An annual week-long celebration of technology and innovation, featuring workshops, panels, and networking events that connect entrepreneurs with investors and industry leaders.
TEDCO Programs: The Maryland Technology Development Corporation (TEDCO) offers various programs, including funding opportunities, mentorship, and networking events to support early-stage technology companies.
Startup Grind Maryland: A global community for entrepreneurs that hosts monthly events to educate, inspire, and connect founders. Activities include workshops, networking opportunities, and pitch events.
UpSurge Baltimore: An ecosystem builder focused on making Baltimore the country's first Equitech city, offering programs and events that connect founders with mentors, investors, and resources.
Connect With Investors in Baltimore Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Baltimore's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Navigating Venture Capital in Colorado: A Founder’s Guide to the Top 20 Firms
Colorado has become a thriving hub for startups, attracting founders with its strong investment landscape, supportive entrepreneurial community, and high quality of life. Cities like Denver, Boulder, Colorado Springs, and Fort Collins have emerged as key innovation centers, fostering high-growth companies across industries such as Tech, SaaS, AI, Cleantech, HealthTech, and Outdoor & Adventure Tech.
With a rapidly growing venture capital presence, Colorado offers founders a compelling alternative to traditional startup hubs like Silicon Valley and New York. This article provides a curated list of the top 20 venture capital firms actively funding startups in Colorado, along with actionable insights to help founders navigate fundraising and scale their businesses successfully.
Factor[e] Ventures
About: We are a team of impact venture builders dedicated to supporting the people and ideas that turn challenges in energy, agriculture, mobility, and waste into de-carbonized solutions for emerging and frontier markets.
Sweetspot check size: $ 500K
Access Venture Partners
About: Access Venture Partners is a seed and early stage venture capital fund. The Fund invests between $250,000 and $2,000,000 in mid-continent technology companies with hyper-growth potential. They have offices in Austin, Denver and Silicon Valley, three of the most active technology markets in the country.
Traction metrics requirements: Access will generally invest in companies with $1M-$3M in revenue. Dependent on the company, they will also invest with less that $1M or $3-10M in revenue.
Thesis: We focus on technology-based businesses that have the seeds of a great management team and the ability to grow at “venture pace” in a large addressable market with strong gross margins.
Moxxie Ventures
About: Moxxie Ventures is a $25M seed-stage fund that invests in founders who make life and work better.
Sweetspot check size: $ 1M
Thesis: Make life and work better. Climate positive.
SpringTime Ventures
About: Seed stage fund focused on technology investments in the Rockies.
Sweetspot check size: $ 500K
Thesis: We look for founders with domain expertise, forging a path with a truly transformative technology.
Boomtown
About: Boomtown Boulder Tech Accelerator designed to help promising startups optimize, revolutionize, and accelerate their development and growth.
Thesis: Boomtown Accelerators help early-stage startups turn ideas into profitable, sustainable businesses, with customized programs for what companies need most, when they need it most.
Green Lion Partners
About: Green Lion Partners is a Denver, CO based business strategy firm focused on early stage development in the regulated cannabis industry.
Sweetspot check size: $ 3.30M
Thesis: Empowering business through innovative professional practices
Ridgeline Ventures
About: Ridgeline Ventures is a venture investment firm in natural foods and active lifestyle companies.
Sweetspot check size: $ 5M
Traction metrics requirements: At least $5M in revenue; we strongly prefer profitable companies
Thesis: Better-for-you and better-for-the-planet products and services; we prefer majority-stake investments/acquisitions
Blackhorn Ventures
About: Blackhorn Ventures is an early stage venture firm that invests in capital-efficient companies redefining resource use, enabling the decarbonization of the toughest to transition sectors in our economy (Transportation, the Built Environment, Supply Chain, and Energy).
Thesis: Blackhorn Ventures invests in world-class founders building digital infrastructure to redefine industrial resource efficiency.
Colorado Impact Fund
About: The Colorado Impact Fund (CIF) is a Denver-based venture capital firm investing in Colorado companies with high-growth, scalable business models and a commitment to make their community better. CIF was created to support a growing entrepreneurial and impact ecosystem throughout the state of Colorado. CIF manages approximately $80 million of private capital with the Colorado Impact Fund I and the Colorado Impact Bridge Fund.
KEY Investment Partners
About: KEY Investment Partners is a venture capital firm focused on providing capital to early-stage cannabis companies.
Sweetspot check size: $ 1M
Traction metrics requirements: Over 1,000,000 annualized revenues
Greater Colorado Venture Fund
About: Investing in early-stage ventures outside of the front-range in Colorado. Industry agnostic. Strong preference for companies past MVP or proof of concept phase.
Traction metrics requirements: Early stage venture investing in rural Colorado.
University of Colorado Healthcare Innovation Fund
About: The CU Healthcare Innovation Fund is a strategic healthcare focused venture capital firm affiliated with the University of Colorado Anschutz Medical Campus. The fund invests in companies and leverages the CU Anschutz Medical Campus ecosystem, including UCHealth, Children’s Hospital Colorado, CU Medicine and the CU School of Medicine, to support the fund’s portfolio companies.
Thesis: The fund invests in CU Anschutz spinouts and external companies in the areas of digital health, tech-enabled services, medical devices, diagnostics and therapeutics.
AI Capital
About: AI Capital is a venture capital firm based in Denver, Colorado with operations in Boston and the Netherlands. The firm invests in growth-stage enterprise applied artificial intelligence software companies around the world that focus on the digitization of society and business. The companies we invest in facilitate and foster resilience in the supply and delivery of critical goods and services. AI Capital’s overarching mission is to promote, create and execute on lasting and positive economic development.
Thesis: AI Capital is an innovative capital source with thematic investment in enterprise artificial intelligence software companies. We focus on applied enterprise AI that impacts the greater societal good: Food Supply (AgTech, Supply Chain), Manufacturing (3D Printing, Supply Chain), Life Sciences, Healthcare, Natural Resources (Energy, Power Distribution), and Public Safety (Cybersecurity).
We invest at late-seed to Series A with follow-on to Series B rounds.
Stout Street Capital
About: Stout Street Capital is an seed-stage fund that seeks to invest in early-stage companies focused on improving efficiency and generating bottom-line value in large established sectors in the market. Stout Street’s Value Fund-II is currently focused on post-revenue, seed-to-series-A investments in companies valued at less than $10 million. Stout Street’s Value Fund-I has invested in 36 companies by the end of 2018 and Stout Street Value Fund-II is projected to invest in 50 companies with an average initial investment of 100k by 2020. We usually reserve 500k-$1M in follow on investment for our portfolio companies.
Sweetspot check size: $ 100K
Konvoy Ventures
About: Konvoy Ventures is a venture capital fund dedicated to esports & video gaming
Sweetspot check size: $ 1.50M
Thesis: We invest in the infrastructure technology, tools, and platforms of tomorrow’s video gaming industry.
Matchstick Ventures
About: Matchstick Ventures helps startups strike by investing in startups at the seed and early stage.
Sweetspot check size: $ 1M
Thesis: Matchstick Ventures helps startups strike by investing in startups at the seed phase.
LabStart
About: LabStart is building accessible pathways for underrepresented entrepreneurs to bring climate technologies from lab-to-market. A trove of valuable, scalable climate technologies continues to sit dormant - untapped and hidden behind research institution walls. To unlock these ready-innovations in a way that generates equitable market opportunities for underserved communities, we match market-ready tech with talented entrepreneurs selected from the front lines of climate change. We are a team of entrepreneurs, national lab researchers, commercialization consultants, investors, and programmatic experts. We fund full-time entrepreneur-minded fellows to discover, build, and launch startups based on technologies developed in premier research laboratories.
Break Trail Ventures
About: Break Trail Ventures is an early stage venture fund based in Columbus, OH and Boulder, CO. At BTV, we’re looking to partner with entrepreneurs who are breaking trail in their industry, creating best in-class products, and leading the way for future generations.
Thesis: We’d love to hear your game changing idea and help grow it to new levels. Ultimately, we are here to partner WITH you and make dreams into reality.
Foundry Group
About: Based in Boulder, Colorado, Foundry is one of the largest networks of entrepreneurs and early-stage investors in the country. Founded in 2007, our firm manages more than $3.0Bn for our limited partners and has made more than 320 investments and more than 70 exits.
Foundry is a unique offering in the venture capital market with a symbiotic network that propels innovation. This network comprises over 75 portfolio companies and more than 40 partner funds generating a trusted community spanning founders, CEOs, partner fund managers, limited partners, and other executives within the Foundry ecosystem. Empowering this portfolio of companies and VC funds to connect, share, and learn from each other is the objective, and we are proud to support this enterprise.
Upslope Ventures
About: Upslope Ventures is an early stage venture capital fund that invests in startups across the country. We believe exceptional teams can originate from any location. We provide more than capital and introductions. By leveraging our network we aim to empower entrepreneurs with the resources they need to have their best chance at success - even if we don’t invest.
Why Raise Venture Capital in Colorado?
Colorado has emerged as a compelling destination for startup founders seeking venture capital, offering distinct advantages over traditional hubs like Silicon Valley and New York City.
Advantages of Fundraising in Colorado
Cost Efficiency: Operating in Colorado is generally more affordable than in Silicon Valley or NYC, allowing startups to allocate resources more effectively.
Access to Diverse Industries: Colorado's economy is diversified, encompassing sectors such as technology, aerospace, healthcare, and renewable energy, providing startups with a broad spectrum of opportunities.
Quality of Life: The state's high quality of life attracts top talent, offering a balance of professional opportunities and lifestyle benefits.
Funding Trends in Colorado
In the first half of 2024, Colorado companies secured approximately $794.6 million in public capital through mergers and acquisitions, post-IPO debt, and equity offerings. Additionally, state entities and research institutions received $257.9 million in grants, while private capital investments amounted to $155.3 million, indicating a robust funding environment.
Notable success stories include Outrider, a Brighton-based autonomous truck startup, which raised $62 million in a Series D funding round in October 2024. This investment, led by Koch Disruptive Technologies and New Enterprise Associates, underscores the confidence investors have in Colorado's innovative ventures.
Fundraising Strategies for Colorado Startups
Networking Opportunities
Building a robust professional network is essential for founders seeking capital. Colorado hosts several events that facilitate connections between entrepreneurs, investors, and industry experts:
Denver Startup Week: Celebrated as the largest free entrepreneurial event of its kind, Denver Startup Week offers sessions, workshops, and networking opportunities, fostering collaboration within the startup community.
Destination Startup: Organized by Venture Partners at CU Boulder, this annual showcase connects startups with investors and business leaders, aiming to accelerate the commercialization of innovative technologies.
Colorado Startups' "Party on a Tuesday": An annual celebration that unites the startup community, providing a platform for entrepreneurs to network and share experiences.
Accelerators and Incubators
Participating in accelerator and incubator programs can provide startups with mentorship, resources, and access to funding. Notable programs in Colorado include:
Techstars Boulder: A renowned accelerator that offers mentorship and funding to early-stage startups across various industries.
Innosphere Ventures: Based in Fort Collins, Innosphere supports science and technology companies by providing business support and assistance in accessing capital.
Boomtown Accelerators: Located in Boulder, Boomtown offers programs that help startups refine their business models and prepare for growth.
SCAPE (Southwest Colorado Accelerator Program for Entrepreneurs): Focuses on scaling high-growth companies in Southwest Colorado by providing resources, mentoring, and access to funding.
Alternative Funding Sources
Beyond traditional venture capital, Colorado startups can explore various alternative funding avenues:
Angel Investors: Individuals or groups that provide early-stage capital in exchange for equity. Engaging with local angel networks can open doors to funding and mentorship.
State-Sponsored Grants and Funds: The state offers grants and funding programs to support innovation and economic development. Resources like the Startup Colorado Funding Database provide information on available opportunities.
Crowdfunding: Platforms that allow startups to raise small amounts of capital from a large number of individuals, often in exchange for early access to products or equity stakes.
Connect With Investors in Colorado Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Colorado's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Raising Venture Capital in Pittsburgh: Top Investors & Resources
Pittsburgh has become a thriving hub for startups, making it an excellent place for founders looking to raise venture capital. Once known for its steel industry, the city has transformed into a center for innovation, particularly in technology, robotics, artificial intelligence (AI), life sciences, and advanced manufacturing.
A major advantage for startups in Pittsburgh is access to top-tier talent from Carnegie Mellon University and the University of Pittsburgh, both of which are known for producing leading experts in tech and healthcare. Additionally, compared to major startup hubs like San Francisco and New York City, Pittsburgh offers a lower cost of living and more affordable business operations, allowing startups to stretch their capital further.
In this guide, we’ll highlight the top VC firms actively investing in Pittsburgh startups, along with key insights into local funding trends, alternative financing options, networking opportunities, and essential resources to help founders successfully raise capital and grow their businesses in the city’s thriving startup ecosystem.
Top 10 Venture Capital Firms in Pittsburgh
Riverfront Ventures
About: Riverfront Ventures is a venture capital firm specializing in seed and early-stage investments. The firm seeks to invest in companies in Pittsburgh with the potential to create high-paying jobs. It was founded in 2013 and is headquartered in Pittsburgh, Pennsylvania.
Sweetspot check size: $ 1M
Innovation Works
About: Innovation Works (IW) is the Pittsburgh region’s most active investor in and supporter of early-stage companies developing hardware, software and life sciences technologies. Though focused exclusively on helping startups in the southwest PA region, IW’s level of investment activity makes it one of the most active investors in the U.S. Innovation Works is part of the statewide Ben Franklin Technology Partners, a network of four centers developed to help diversify PA’s economy and retain the state’s high caliber innovations that are invented and incubated here. The Ben Franklin Technology Partners are partially funded by the Commonwealth of PA and overseen by the Department of Community and Economic Development. Founder of AlphaLab (http://alphalab.org)--one of the nation's top startup accelerators-- AlphaLab Gear (http://alphalabgear.org)--its hardware program -- AlphaLab Health (https://alphalabhealth.org/) -- its life sciences program and -- Robotics Factory (https://roboticsfactory.org/) -- its robotics program
Reinforced Ventures
About: Reinforced Ventures brings together experienced technologists & investors to empower entrepreneurs building the next generation of autonomous systems, robotics, and biotechnology. Our focus is on overlooked areas of deep tech. We are based out of Pittsburgh, PA but invest globally.
Main Line Equity Partners
About: Leveraging broad skills sets, domain expertise, and capital through our Micro Private Equity Fund, Main Line Equity Partners makes strategic equity and debt investments in companies ready to transition their business or partner for the next stage of growth.
Thesis: Equity Investments for Companies 750k Min EBITDA Sub $25M in Revenue. Reach the next stage in your business lifecycle with strategic capital investment and operational support.
Debt Financing for Businesses Seeking $500K to $3M. Secure asset, revenue, and cash flow-based financing without the hurdles of traditional banking loans.
Birchmere Ventures
About: Birchmere Ventures, with more than $115 million under management, has a successful track record of investing in and building early-stage technology and life sciences companies. They focus principally on early stage, pre-revenue start-ups where they have direct operational or investing experience. They prefer to lead syndicated deals with other institutional investors. They limit the number of board seats each partners holds.
Thesis: Ramping up a successful company is the hardest thing you’ll ever do. It is also the most rewarding and the most fun.
Incline Equity Partners
About: Incline Equity Partners is the driving force in middle market private equity. A firm that proves you can be authentic, transparent, generate strong results… and have fun doing it.
Based in Pittsburgh, with an office in New York City, we are active investors targeting services, value-added distribution and specialized light manufacturing companies with an enterprise value of $25 million to $750 million.
Atelier Ventures
About: Early-stage VC fund investing in the passion economy and platforms that broaden access to work.
Thesis: New integrated platforms empower entrepreneurs to monetize individuality and creativity. In the coming years, the passion economy will continue to grow. We envision a future in which the value of unique skills and knowledge can be unlocked, augmented, and surfaced to consumers.
BlueTree Allied Angels
About: BlueTree Allied Angels is a regional group of accredited investors who desire to invest in regional early-stage companies. This “members-only” organization is designed to operate as a network of private equity investors who meet on a monthly basis to evaluate and consider pre-institutional, early-stage investments. The BlueTree Allied Angels is a group of investors who possess financial means and investment/business experience.
AlphaLab
About: AlphaLab Gear is hardware and robotic startup accelerator that provides companies with investment, mentorship, and connections.
Sweetspot check size: $ 50K
Traction metrics requirements: Any early-stage company with at least one physical product component can apply.
Draper Triangle
About: Draper Triangle is a venture capital firm that partners with the Midwest’s most extraordinary entrepreneurs who set out to change the world. Our firm was formed in the crucible of Pittsburgh’s reinvention from Steel City to leading center of technology. We have expanded across the Midwest and financed some of the most dynamic entrepreneurs and successful technology companies as modern entrepreneurship has spread throughout the region.
Other Funding Sources and Programs
Pittsburgh offers a variety of funding sources and programs to support startups at different stages of development. Here's an overview of key resources available to founders:
Angel Investors & Syndicates
Active Angels Network
The Active Angels Network, based in Pittsburgh, is affiliated with Active X-it Funds (AXI). This group serves as a business development and networking platform, offering members opportunities to learn about angel investing through special events, educational sessions, speaker series, and seminars. Both accredited and non-accredited investors can participate as members.
Next Act Fund
Founded by Yvonne Campos, the Next Act Fund is dedicated to involving women in the angel investment community. The fund aims to provide women with a platform to participate in economic growth decisions in the Pittsburgh region while supporting women-owned and led businesses. Members collaborate to create opportunities and jobs, enhancing the impact of female entrepreneurs in the area.
Keiretsu Forum Mid-Atlantic
With chapters in both Philadelphia and Pittsburgh, the Keiretsu Forum Mid-Atlantic is part of a global network of angel investors. The forum offers a structured approach to private equity investments, providing a platform for entrepreneurs to present their ventures to a diverse group of investors. Members benefit from shared resources, due diligence processes, and a broad network of contacts.
BlueTree Allied Angels
Established in 2003, BlueTree Allied Angels is a leading network of accredited investors in Western Pennsylvania. The group focuses on funding early-stage, pre-institutional ventures across various high-tech sectors.
Grants & Non-Dilutive Funding
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
These federal programs provide non-dilutive funding to small businesses engaged in research and development with the potential for commercialization. The University of Pittsburgh's Office of Innovation and Entrepreneurship offers resources to help startups navigate the application process for these grants.
Small and Mighty Grants
Offered by The Pittsburgh Foundation, the Small and Mighty grant program provides two-year project and operating support grants of up to $40,000 to small, community-based nonprofits. While not exclusively for startups, these grants can support organizations with innovative projects that benefit the community.
Accelerators & Incubators
AlphaLab
Also run by Innovation Works, AlphaLab Gear focuses on hardware and robotics startups. The program provides funding, mentorship, and access to a network of experts to help companies bring their physical products to market.
AlphaLab Health
A collaboration between Innovation Works and Allegheny Health Network, AlphaLab Health supports life sciences startups, particularly those developing medical devices, diagnostics, and digital health solutions. The program offers funding, mentorship, and access to clinical environments.
Ascender
Ascender is a hub for entrepreneurs offering educational programming, mentorship, expert coaching, incubation, and coworking space. They support startups across various industries and stages, helping them navigate the challenges of building a business.
Robotics Factory: The Robotics Factory offers two distinct programs:
Accelerate: A program designed to support early-stage robotics startups in developing their products and business models.
Scale: Aimed at helping growth-stage robotics companies expand their operations and market reach.
Swartz Center for Entrepreneurship
Located at Carnegie Mellon University, the Swartz Center for Entrepreneurship serves as a startup incubator, providing resources and support to student and faculty entrepreneurs. The center offers various programs, including the VentureBridge summer accelerator, to help startups develop and scale their ventures.
Pitt Startup Incubator
The University of Pittsburgh is establishing a Big Idea Incubator to support students and recent alumni pursuing startups. The incubator aims to provide education and mentorship necessary to launch successful businesses and gain external support from investors and customers.
FoundersBoost Pittsburgh
FoundersBoost is a global pre-accelerator program with a chapter in Pittsburgh. Their goal is to prepare founders for accelerators, investment, and revenue through a six-week part-time program that provides mentorship and guidance.
PGH Lab
PGH Lab is an early-stage incubator-like program that helps progress startups to the growth stage of their life cycle. The program offers opportunities for startups to test their products and services within the City of Pittsburgh, providing valuable feedback and potential partnerships.
Challenges and Opportunities of Fundraising in Pittsburgh
Pittsburgh presents a unique landscape for startup founders seeking funding, characterized by both significant advantages and notable challenges.
Benefits
Access to Talent: The city is home to renowned institutions like Carnegie Mellon University and the University of Pittsburgh, producing a steady stream of skilled graduates in fields such as technology, robotics, and life sciences. This provides startups with a rich talent pool to draw from.
Supportive Ecosystem: Pittsburgh boasts a collaborative startup community, with numerous incubators, accelerators, and mentorship programs designed to nurture emerging companies. Organizations like Innovation Works and AlphaLab offer resources and guidance to help startups thrive.
Lower Cost of Living: Compared to major tech hubs like New York City or San Francisco, Pittsburgh offers a more affordable cost of living. This economic advantage allows startups to allocate resources more efficiently, reducing operational expenses and extending their runway.
Challenges
Limited Local Venture Capital: One of the most significant challenges for emerging growth companies in the region is the so-called “funding gap.” While initial funding for startups is generally available from local incubators, economic development organizations, and angel investment groups, subsequent funding for companies that are just beginning to commercialize their products and generate revenue without any track record remains challenging.
Attracting External Investors: Historically, many venture capitalists have been reluctant to invest in startups outside of traditional tech hubs. This means Pittsburgh-based startups often need to work harder to capture the attention of out-of-state investors.
Strategies for Navigating Challenges
Leverage Local Resources: Engage with Pittsburgh's robust network of incubators, accelerators, and economic development organizations to build a strong foundation. Programs like AlphaLab and Innovation Works can provide initial funding, mentorship, and valuable connections.
Expand Networks Beyond the Region: While building a local presence is essential, founders should also actively seek relationships with investors outside Pittsburgh. Attending national conferences, participating in virtual pitch events, and leveraging online platforms can help in reaching a broader audience.
Demonstrate Traction and Scalability: To appeal to investors, it's crucial to show evidence of market demand and a clear path to growth. This can include user acquisition metrics, revenue milestones, or strategic partnerships that validate the business model.
Highlight Pittsburgh's Advantages: When pitching to out-of-state investors, emphasize the benefits of being based in Pittsburgh, such as access to top-tier talent, lower operational costs, and the supportive startup ecosystem. This can help mitigate concerns about investing outside traditional tech hubs.
Resources & Networking Opportunities
By attending these events, utilizing co-working spaces, and leveraging local programs, entrepreneurs in Pittsburgh can access the support and networks necessary to thrive in the city's startup ecosystem.
Events and Meetups
Techstars Startup Weekend Pittsburgh: This immersive three-day event allows aspiring entrepreneurs to experience startup life by collaborating to develop and pitch new business ideas. Participants benefit from mentorship, networking, and the chance to turn concepts into viable startups.
Startup Grind Pittsburgh: Is part of a global network dedicated to supporting local entrepreneurs. Through monthly events featuring founders, investors, and industry leaders, it provides networking opportunities, expert insights, and resources to help startups grow. The chapter plays a key role in fostering Pittsburgh’s startup ecosystem by connecting and educating founders.
Co-Working Spaces
Alloy 26: Situated in the heart of Pittsburgh's North Side at Nova Place, Alloy 26 is a cutting-edge co-working space providing companies with office space, amenities, and programming to help build the next big thing. With 50,000 square feet of open floor plan, it offers dedicated desks, private offices, and conference rooms, fostering a community-minded environment for co-working.
CoLab18: Located within Nova Place, CoLab18 is a state-of-the-art digital literacy laboratory designed to create a space for North Side residents to experiment and solve problems. It serves as a programming space that provides resources and connectivity to support the Buhl Foundation's One Northside Consensus Plan.
Local Government and Economic Development Programs
Urban Redevelopment Authority of Pittsburgh (URA): The URA offers various programs to support business development, including loans, grants, and technical assistance. Their initiatives aim to promote economic growth and innovation within the city.
Pittsburgh Regional Alliance (PRA): The PRA focuses on attracting investment and supporting business expansion in the Pittsburgh region. They offer resources and assistance to startups looking to establish or grow their presence in the area.
Connect With Investors in Pittsburgh Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Pittsburgh's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top VCs in Kansas City Actively Investing in Startups
For startup founders in Kansas City, securing the right funding can be the key to turning a great idea into a thriving business. While coastal tech hubs often dominate the conversation around venture capital, Kansas City is quietly becoming a powerhouse for startup growth, with a strong network of investors eager to support innovative companies.
Whether you’re building in FinTech, AgTech, HealthTech, SaaS, or the Animal Health Corridor, Kansas City offers a range of funding opportunities designed to help founders scale. The city’s startup ecosystem is strengthened by accelerators, incubators, and networking events that connect entrepreneurs with the right investors and resources to succeed.
In this guide, we’ll highlight the top venture capital (VC) firms actively investing in Kansas City startups, along with key insights into local funding trends, networking opportunities, and essential resources for growing your business.
Top VCs in Kansas City
Five Elms Capital
About: Five Elms Capital is a leading growth equity firm investing in bootstrapped B2B SaaS and technology companies outside of Silicon Valley.
Sweetspot check size: $ 8M
Traction metrics requirements: We invest $5-75 million in companies with $2-20 million in revenues.
Thesis: Five Elms Capital is a global growth equity firm that invests in fast-growing B2B software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. Since firm inception in 2007, Five Elms has focused exclusively on software investing, building an unmatched network and deep domain expertise. Today with $700+ million AUM and a global team of over 50 investment professionals, Five Elms has invested in more than 40 software platforms globally.
Sprint Accelerator
About: Sprint Accelerator powered by Techstars, bringing together the future of mobile health.
Thesis: The Sprint Accelerator, powered by Techstars, is a three-month, immersive, mentor-driven startup accelerator for ten companies that will be based in Kansas City. The focus is to help startups build the future of mobile health that changes the world one patient or consumer at a time. Whether enterprise, big data, or mobile, the future of mobile health begins with you and your team. The application of blockchain technology can help the healthcare sector. It helps in the safe storage and access of patient records. Cryptocurrencies and NFTs are based on blockchain technology. NFT trading is helping several traders to make a profit.
Flyover Capital
About: We are a team of technology entrepreneurs with operational experience. We lean on our own entrepreneurial journeys to inform our investment approach and our partnerships with portfolio companies and their founding teams – aiming to help them accelerate their timeline to success.
Sweetspot check size: $ 1.25M
Traction metrics requirements: Revenue: 100K-1.5M in ARR Revenue Generating B2B Focus Located Outside of CA, MA, NY
Thesis: Partnering with the next generation of B2B technology success stories outside of the traditional tech hubs.
Firebolt Ventures
About: Firebolt Ventures is venture capital firm focused on all things software (enterprise b2b application/infrastructure layers, fintech, consumer).
Fulcrum Global Capital
About: Fulcrum Global Capital invests in disruptive companies that address the challenges facing global food systems as a result of explosive population growth and evolving demographics and markets.
Thesis: Fulcrum Global Capital invests in companies disrupting agriculture & animal health.
KCRise
About: KCRise Fund is a venture capital firm focused on investing in early-stage technology companies with a strategic connection to the Kansas City region.
Thesis: We invest primarily in pre-Seed, Seed, and Series A rounds. We are industry-agnostic investors with 48 portfolio companies in a variety of verticals with a particular focus on: Supply Chain/Logistics, Automotive, GovTech, FinTech, Benefits/HR and Digital Health.
Prolog
About: Prolog backs companies that help all of us enjoy healthy lives in a healthy world
Nueterra Capital
About: Nueterra Capital invests in early and growth-stage companies that are focused on changing the status quo. We equip innovative minds with the capital, resources, and expertise to catapult their growth, create wealth for our investors, and help drive transformation across a range of industries.
Firebrand Ventures
About: Firebrand Ventures combine a vast network and deep experience with startup hustle to invest in exceptional early stage software startups.
iiM
About: Innovation in Motion (iiM) is an early-stage investment firm that employs a disciplined approach to identifying, funding, and curating early-stage companies. We partner with companies that are making innovative changes in the agriculture, animal health, and human health sectors so we can make a difference in the world at large.
Why Kansas Is an Emerging Startup Hub
Kansas is rapidly gaining recognition as a center for startups, thanks to its dynamic growth in sectors like AgTech, HealthTech, Manufacturing, and SaaS. Cities such as Kansas City, Wichita, and Overland Park are at the forefront of this development, offering a combination of economic incentives and funding programs that make the state an attractive destination for entrepreneurs.
AgTech and Animal Health Innovation
The state's rich agricultural heritage has naturally led to advancements in AgTech and animal health. Initiatives like Plug and Play Topeka's accelerator programs are instrumental in fostering innovation in these fields. Their recent nine-month program features startups focusing on areas such as finance and insurance, AI on the farm, biostimulants, and IoT and sensing. This initiative has attracted companies from eight different countries and various U.S. states, underscoring Kansas's growing influence in AgTech.
HealthTech and Manufacturing Growth
Kansas's central location and skilled workforce have made it a hub for HealthTech and Manufacturing startups. The state's emphasis on innovation in healthcare and its strong manufacturing base provides a solid foundation for startups aiming to make significant impacts in these industries.
Economic Incentives and Funding Programs
Kansas City offers a range of funding programs and incentives designed to help startups grow, attract investment, and scale their operations. Whether you're seeking early-stage funding, tax credits, or grant opportunities, there are several resources available to support your business.
Kansas City-Specific Incentives
LaunchKC provides funding and resources to help high-growth tech startups establish themselves in Downtown Kansas City. The program offers grants, mentorship, and networking opportunities to fuel startup success.
Digital Sandbox KC awards up to $20,000 in proof-of-concept funding to help early-stage startups accelerate their innovations and bring products to market.
KCInvestEd connects local investors with promising startups, fostering capital flow within the region.
Statewide & Regional Incentives Available to KC Startups
The Kansas Angel Investor Tax Credit (KAITC) Program offers investors up to a 50% tax credit, encouraging investment in innovative startups.
NetWork Kansas connects entrepreneurs with over 500 statewide partners, providing funding and business development resources.
The Community Development Block Grant (CDBG) Program helps businesses secure financing for expansion, particularly in non-metro areas.
Networking and Fundraising Events for Kansas Startups
Participating in local events can significantly enhance your fundraising efforts by connecting you with investors, mentors, and fellow entrepreneurs. Notable events in Kansas include:
Wichita Startup Week
Scheduled for September 30 to October 4, Wichita Startup Week offers a series of panel discussions, sessions, and workshops designed to transform business ideas into reality. The event covers topics such as software, marketing, cybersecurity, and accounting, providing valuable insights for startups, small businesses, nonprofits, and entrepreneurs. Notably, Groover Labs offers free coworking during the week, fostering collaboration among participants.
Global Entrepreneurship Week Kansas City (GEWKC)
Taking place from November 17 to 21, 2025, GEWKC is part of a global movement celebrating entrepreneurship. The event features expert-led sessions aimed at helping entrepreneurs grow their knowledge and skills, networking opportunities with fellow entrepreneurs, investors, and industry leaders, and engaging activities and workshops. It's an excellent opportunity to connect and learn within Kansas City's entrepreneurial ecosystem.
1 Million Cups Kansas City
1 Million Cups is a weekly gathering of entrepreneurs and innovators that takes place in multiple locations throughout the country, including Kansas City. Each week, two local entrepreneurs give brief presentations about their businesses, followed by a Q&A session. Attendees have the opportunity to ask questions, provide feedback, and make connections. It’s a great way to learn about new businesses and meet people who are passionate about entrepreneurship.
Pure Pitch Rally
Held annually in October, Pure Pitch Rally brings together the Kansas City tech community by providing a platform for tech startups to pitch their ideas. Selected entrepreneurs have the opportunity to present their innovations to a panel of investors, CEOs, and VIPs, competing for funding and resources totaling up to $1 million. The event fosters connections between angel funders and the tech startup ecosystem, making it a significant opportunity for tech entrepreneurs in the region.
InvestMidwest Venture Capital Forum
InvestMidwest is a premier venture capital conference in the Midwest, connecting innovative startups with investors seeking high-growth opportunities. The event features pitches from selected startups across various sectors, including agriculture, health, and digital technology. It's an excellent platform for startups seeking Series A funding to showcase their innovations to potential investors.
LaunchKC Grants Competition
LaunchKC is an initiative that invests more than $1 million annually in high-growth startups. Through its grants competition, LaunchKC offers $50,000 in funding, plus access to a host of support services, to innovative, early-stage tech startups willing to relocate to Downtown Kansas City, Missouri. It's an excellent opportunity for startups looking to scale their businesses in a supportive environment.
Connect With Investors in Kansas Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Kansas's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Minneapolis Startup Funding: 10 VC Firms Investing in Local Innovation
Minneapolis has rapidly emerged as a vibrant startup hub, significantly enhancing its position in the global startup ecosystem. In 2024, the city advanced five spots in the Global Ecosystem Index, reflecting its growing influence in the entrepreneurial landscape.
The tech sector alone contributes approximately $28 billion to the local economy, accounting for nearly 10% of the workforce. This growth is supported by innovative startups such as Flywheel, bolstered by top-tier universities and initiatives like Launch Minnesota.
In this guide, we will cover 10 venture capital firms funding Minneapolis startups, key fundraising strategies, and essential networking and local resources.
The 10 Top Venture Capital Firms in Minneapolis
Bread and Butter Ventures
About: Bread and Butter Ventures is an early stage venture capital firm based in Minnesota, the Bread and Butter State, investing globally while leveraging our state and region’s unparalleled access to strong corporate connections, commercial opportunities, and industry expertise for the benefit of our founders.
Sweetspot check size: $ 300K
Thesis: Investing in amazing founders, focusing on several core sectors of the economy: food/ag tech, health tech and enterprise SaaS
Atland Ventures
About: Atland Ventures is a student-run venture capital firm that focuses on the field of financial services and venture capital.
Sweetspot check size: $ 25K
Traction metrics requirements: We will not invest in pre-product.
Thesis: We invest in companies solving problems felt by Gen Z. Follow our generation's trends.
Arthur Ventures
About: Arthur Ventures began with a simple goal in mind–to seed and enable growth in their partner companies. They believe in the power of the growth cycle and the positive effect that well-managed businesses can have in society. Arthur works with companies to help solve crucial problems for customers in areas of information technology, life sciences, and clean technology.
Sweetspot check size: $ 5M
Thesis: We lead investments in high-growth B2B software companies located in every region across North America and Western Europe (aside from Silicon Valley).
Norwest Equity Partners
About: Norwest Equity Partners (NEP), a Norwest Capital strategy, champions good businesses with a goal of achieving enduring success. NEP seeks to invest in growing and profitable middle-market companies primarily across the business services, consumer products and services, and industrial growth sectors. We help create opportunities and long-term value by finding and fueling what’s working in successful companies to help build them into industry leaders.
TinySeed
About: TinySeed is the first startup accelerator in the ‘independent funding’ space – that space between bootstrapping and venture capital. While not strictly RBI, we are designed for SaaS founders who want to maintain control of their companies and who up until last year, would have bootstrapped due to the lack of relevant funding options.
We have a simple investment philosophy – we make investments in companies with market traction and a demonstrated ability to drive innovation.
Investing is more than a transaction for us – it’s a mutually beneficial relationship. Our initial investment size typically ranges from $500,000 to $5 million, and we’re active in all investment stages – from seed and early stage to growth – of companies operating within North America.
Gopher Angels
About: Gopher Angels is MN's top angel investing network. Founded in 2012, we've invested over $27M in 85 companies across Minnesota and the Midwest.
Thesis: We fund Seed and Series A companies that have a substantial market opportunity, and the team and traction to demonstrate they can achieve it.
We’re industry agnostic, and invest in healthcare and health IT, enterprise and SaaS, food and beverage, medical devices, agtech.
Vensana Capital
About: Vensana Capital is a venture capital and growth equity investment firm dedicated to partnering with entrepreneurs who seek to transform healthcare with breakthrough innovations in medical technology.
Thesis: Vensana is actively investing in development and commercial stage companies across the medtech sector, including medical devices, diagnostics and data science, drug delivery, digital health, life science tools, and tech-enabled services.
Groove Capital
Sweetspot check size: $ 100K
Thesis: Groove Capital is where entrepreneurs in Minnesota go to get their first institutional investment. We partner with great teams, who have demonstrated an ability to execute, with some evidence of a defensible advantage, in a market that is compelling.
Capita3
About: Capita3 is building a global financing institution for investing in exceptional women leading game-changing companies. In addition to financial investment, Capita3 focuses on developing startup CEOs to maximize their growth and the company's exit potential. We’re leading the next generation of venture capital, and we’ll set a new standard for how venture financed startups grow and exit.
Why Minneapolis is a Thriving Startup Ecosystem
Minneapolis has solidified its position as a dynamic and thriving startup ecosystem, experiencing significant growth in recent years. The city's tech industry alone contributes approximately $28 billion to the local economy, accounting for nearly 10% of the workforce.
Key Industries Attracting Investment
Several sectors in Minneapolis are drawing substantial venture capital attention:
Healthtech: Ranked 22nd globally, Minneapolis boasts 48 healthtech startups, reflecting its strength in healthcare innovation.
Software & Data (SaaS): With 77 startups, the city holds the 46th position worldwide in this sector, underscoring its robust software development landscape.
Hardware & IoT: Minneapolis ranks 58th globally, with 7 startups focusing on hardware and Internet of Things technologies.
Success Stories of Scaled Startups
The city's supportive environment has nurtured several startups that have successfully raised capital and expanded:
Sezzle: A fintech company offering interest-free installment plans at online stores, Sezzle reported $56 million in Q2 revenue.
Branch: A fintech company providing digital wallet solutions to help employees manage their finances.
Niron Magnetics: Launched in 2014, Niron Magnetics received $17.5 million from the U.S. Department of Energy to scale up prototyping of its sustainable permanent magnets and has raised more than $100 million in total funding.
How to Fundraise Successfully in Minneapolis
Securing venture capital in Minneapolis involves leveraging the city's vibrant startup ecosystem and engaging with local resources tailored to support founders. Here's how to navigate the fundraising landscape effectively:
Engage with Local Startup Events and Meetups
Participating in Minneapolis's dynamic startup community can significantly enhance your fundraising efforts. Key events and groups include:
Twin Cities Startup Week: An annual event that brings together entrepreneurs, investors, and industry leaders through workshops, pitch competitions, and networking sessions.
Minnebar: One of the nation's largest and longest-running technology unconferences, offering a platform for knowledge sharing and networking among tech enthusiasts and entrepreneurs.
Hackers and Founders Minneapolis: A meetup uniting the tech community in Minneapolis, drawing an equal split of hackers and founders to explore partnerships and build relationships.
Leverage Local Resources and Support Programs
Minneapolis offers various programs and organizations designed to assist startups:
Launch Minnesota: A statewide initiative providing grants, tax credits, and educational opportunities to innovative startups.
BETA MN: A nonprofit organization offering founders from top local startups the resources and relationships required to scale their businesses.
University of Minnesota's Venture Center: Provides services to help establish new companies, working with researchers, entrepreneurs, investors, and advisors.
Additional Considerations for Minneapolis Founders
Understand Local Investment Trends: Research the specific industries and types of startups that Minneapolis investors are currently focusing on. Aligning your business model with these trends can increase your attractiveness to local VCs.
Build Relationships with Local Mentors: Engage with experienced entrepreneurs and business leaders in the Minneapolis area who can provide guidance, introductions, and insights into the local funding landscape.
Explore Regional Funding Opportunities: In addition to local VCs, consider regional angel investor networks and crowdfunding platforms that are active in the Minneapolis startup scene.
Connect With Investors in Minneapolis Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Minneapolis's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top VC Firms in Austin: A Founder's Guide to Fundraising 2025
Austin’s venture capital landscape has evolved into something extraordinary. No longer just an alternative to Silicon Valley, the city has firmly established itself as a powerhouse for startups and investors alike. In 2024 alone, Austin startups raised approximately $2.2 billion in venture funding, cementing its reputation as a major innovation hub.
What sets Austin apart is its dynamic mix of homegrown funds and coastal investors, each contributing to the city’s growing ecosystem. With VC dollars flowing into sectors like AI, fintech, health tech, and sustainability, Austin offers founders both opportunity and competition. But beyond the capital, the city’s appeal lies in its business-friendly environment, deep talent pool, and culture of collaboration.
For founders, navigating Austin’s VC landscape requires more than just a great idea—it demands strategy, connections, and an understanding of what makes this market unique. This guide will walk you through the top venture capital firms fueling Austin’s innovation and offer insights to help you secure funding in 2025.
Top 10 VCs in Austin
Next Coast Ventures
About: Next Coast Ventures is an Austin-based venture capital firm founded by entrepreneurs, for entrepreneurs in ‘Next Coast’ markets
Sweetspot check size: $ 5M
Traction metrics requirements: Varies depending on stage of investment
Thesis: Focused on capital efficient business located in Next Coast markets (underserved US-based markets outside of SF, Boston, NYC)
7BC Venture Capital
About: 7BC Venture Capital is a venture fund focused on powering the digital economy through AI, FinTech, and software technologies.
Sweetspot check size: $ 2M
Traction metrics requirements: Min revenues of $100k MRR or your previous startup was venture-backed and made a min 5x cash on cash return for your previous Seed VCs.
Thesis: Powering the digital economy through AI, FinTech, and software technologies. Our mission is to leverage the power of technology, capital, and our global network to back founders disrupting industries and solving problems through a more connected and automated global digital economy.
Silverton Partners
About: Silverton Partners is an early-stage venture capital firm that invests across software, tech enabled services, and CPG brands.
NEXT VENTURES
About: NEXT VENTŪRES is a venture capital firm that invests in the sports, fitness, nutrition, and wellness markets.
Sweetspot check size: $ 1.50M
Traction metrics requirements: Austin, TX, SF
Thesis: NEXT VENTŪRES is a new venture capital firm designed to maximize growth opportunities in the exploding sports, fitness, nutrition and wellness markets. With established expertise and deep connections in these markets as well as proven financial track records, the NEXT VENTŪRES team is well positioned to create significant value for their investors and their portfolio companies.
Space.VC
About: SPACE.VC is a seed stage Venture Capital fund investing at the intersection of space, software, climate, deep tech, and beyond. We believe Space is a generational opportunity to use technology to make life on Earth more connected, intelligent, and viable. We are Founders supporting Founders - through customer and partnership introductions, executive recruiting, and everything else our Founders are faced with.
Palm Venture Studios
Sweetspot check size: $ 1.50M
Traction metrics requirements: We primarily invest in companies that have product in-market and generating revenue.
Thesis: We collaborate with founders and investors to revitalize promising early-stage startups that have not yet reached their potential. We can deploy capital discreetly and within days—then incubate teams in our network of studios for hands-on support.
LiveOak Venture Partners
About: LiveOak Venture Partners is a venture capital firm making early-stage investments in technology and technology-driven services.
Sweetspot check size: $ 2M
True Wealth Ventures
About: We see value in the impact of women. True Wealth Ventures invests in smart female entrepreneurs, from health innovators to sustainable solution pioneers. Women-led companies have proven they deliver higher returns. It’s time to invest in new perspectives.
Sweetspot check size: $ 750K
Traction metrics requirements: Proof of product/solution efficacy (can be a prototype) // Proof of health or environmental outcomes
Thesis: Women-led companies improving either human health or environmental health
Seaside Ventures
Sweetspot check size: $ 150K
Thesis: We believe that society is deteriorating on the individual level due to declines in physical and mental health. We're interested in products and services that help people extract the fullest potential out of their lives by being as mentally and physically healthy as possible, enabling everyone to maximize their happiness, energy, productivity, creativity, etc.
TPG Capital
About: TPG Capital is a global multi-strategy asset manager headquartered in California that invests in private equity, credit, real estate, and hedge fund strategies.
Thesis: Our focus on sectors is at the core of our investment strategy. Our investment teams are principally organized around sectors—which means that investors who focus on diverse products and strategies across the firm work together to build deep insight and relationship networks in our key sectors. Sharing ideas and intellectual capital across the firm gives us distinctive insight, and this cross-platform leverage enables us to bring the right capital solutions to compelling opportunities.
Austin's Startup Ecosystem in 2025
Austin's dynamic startup ecosystem in 2025 is characterized by robust funding growth, a diverse range of thriving industry sectors, and strategic advantages that make it an attractive destination for entrepreneurs and investors.
Funding Volume and Deal Flow
Austin's venture capital landscape has experienced notable fluctuations in recent years. In 2023, startups in the city raised over $3.3 billion in venture capital investments.
However, in the fourth quarter of 2024, Austin startups secured $804.5 million in venture capital, marking an almost 29% decrease from the same quarter in 2023.
Despite this quarterly decline, the annual total for 2024 remained robust, with startups raising approximately $4.5 billion across 487 deals, reflecting a 7% increase in deal count from 2023.
Comparison with Major Tech Hubs
While Austin's total venture capital investment is smaller compared to major tech hubs like San Francisco and New York, the city has demonstrated resilience and growth. In 2024, Austin was ranked as the 27th global startup ecosystem. This ranking underscores Austin's increasing prominence in the national tech landscape.
Key Industry Sectors and Trends
Enterprise Software
Much of Austin's tech industry is dedicated to enterprise solutions, focusing on SaaS platforms and business process automation.
Artificial Intelligence and Machine Learning
The city has seen a surge in AI and ML startups, developing applications ranging from predictive analytics to natural language processing.
Fintech
Austin's fintech sector is expanding, with companies innovating in digital payments, blockchain technologies, and financial services platforms.
Health Tech
Health tech is a growing field in Austin, with startups focusing on telemedicine, health data analytics, and medical devices.
Clean Energy and Sustainability
Reflecting broader environmental trends, Austin hosts several startups dedicated to renewable energy solutions, sustainable agriculture, and eco-friendly technologies.
Major Tech Relocations
Austin has attracted several major corporations in recent years, bolstering its tech ecosystem:
Tesla: Established a significant presence with its Gigafactory, contributing to job creation and industry growth.
Oracle: Relocated its headquarters to Austin, enhancing the city's profile as a tech hub.
Apple: Expanded its operations with a new campus, further solidifying Austin's status in the tech industry.
PEAK6: Announced the relocation of its global headquarters to Austin in January, 2025.
These moves have increased employment opportunities and attracted a network of suppliers, service providers, and supporting businesses, thereby enriching the local startup ecosystem.
Why Austin Stands Out as a Startup Hub
Talent Pool Dynamics
Technical Talent
Austin boasts a growing tech workforce supported by institutions like the University of Texas at Austin, which graduates many tech professionals annually.
Specialized Expertise
The city is developing strengths in semiconductor design, AI and machine learning, enterprise software, and emerging technologies like blockchain.
Cost of Living Advantages
Austin offers a more affordable cost of living compared to traditional tech hubs:
Housing Costs: Median home prices and rental rates in Austin are generally lower than those in cities like San Francisco and New York.
Commercial Space: The cost of commercial real estate in Austin is more competitive, making it attractive for startups and expanding companies.
Tax Advantages
No State Income Tax: Texas imposes neither corporate nor personal income taxes, allowing businesses and individuals to retain more of their earnings.
Sales Tax Exemptions: The state offers exemptions on sales tax for manufacturing machinery, equipment, and R&D-related materials, fostering innovation and reducing operational costs.
Incentive Programs: Texas provides various incentives, such as the Texas Enterprise Zone Program, which offers state sales and use tax refunds to encourage private investment and job creation in economically distressed areas.
Business Environment
Capital Factory: Beyond its accelerator program, it offers mentorship, coworking spaces, and access to a vast network of investors and entrepreneurs.
Techstars Austin: Provides mentorship-driven accelerator programs to help startups succeed.
Austin Technology Incubator: Focuses on deep technology startups, offering resources and guidance to foster growth.
Angel Investor Networks: Austin's investment community is active and supportive, with networks of investors focusing on aspiring startups and entrepreneurs.
Coworking Spaces: The city boasts a variety of coworking environments designed to foster collaboration and innovation.
Firmspace: Offers private, high-end office spaces tailored for professionals.
ATX Factory: Combines workspaces with amenities like nap nooks and meditation areas to enhance productivity.
Quality of Life Factors
These elements make Austin an attractive destination for tech professionals seeking a supportive community and a balanced lifestyle.
Growing Tech Communities- Austin's tech scene is continually expanding, supported by a variety of events and organizations that bring together professionals from diverse sectors. Notable events include:
Austin Tech Week: A five-day celebration uniting entrepreneurs, tech leaders, and enthusiasts to connect, learn, and enhance business impact.
Austin AI Week: Scheduled for February 25–27, 2025, this event offers interactive AI educational training, where innovation meets opportunity.
Civo Navigate Local Austin 2025: On May 14, 2025, this one-day event will showcase the latest cloud-native trends and expert insights.
Active Meetup Culture- The city's active meetup culture provides numerous opportunities for professionals to engage, share knowledge, and collaborate. Events such as Women in Tech Austin - OutGeekWomen, offer platforms for mid- to senior-level tech professionals to connect and explore career opportunities.
Strong Networking Opportunities- Austin hosts a variety of conferences and festivals that facilitate networking among tech professionals:
SXSW Conference & Festivals: SXSW offers a convergence of tech, film, and music industries, providing ample networking opportunities.
Austin Forum on Technology & Society: The forum will present insights into emerging and disruptive technologies expected to have significant impact in 2025 and beyond.
Family-Friendly Environment- Austin is renowned for its family-friendly atmosphere, offering a range of activities and amenities:
Educational Attractions: The city features numerous parks and kid-focused museums, providing educational and recreational opportunities for children.
Outdoor Recreation: With its many parks and Lady Bird Lake, Austin offers endless outdoor adventures for families.
Connect With Investors in Austin Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Austin's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top VCs in Florida: The Best Venture Capital Firms Fueling Startups in the Sunshine State
Florida has solidified its position as a burgeoning hub for startups, attracting entrepreneurs and investors alike. In the first half of 2024, Florida-based companies secured over $2.1 billion across 332 deals, indicating a robust and active venture capital landscape.
This article aims to provide founders with a comprehensive guide to the top 10 venture capital firms actively investing in Florida's startups, offering valuable insights to aid in your fundraising journey.
Why Florida Has Become a Startup Hotspot
Florida's transformation into a thriving startup ecosystem can be attributed to several key factors:
Business-Friendly Policies
Florida's favorable tax environment, notably the absence of state income tax, makes it an attractive destination for entrepreneurs. This policy not only enhances personal income but also allows businesses to reinvest more capital into growth and innovation. Additionally, the state's regulatory framework is designed to be business-friendly, reducing bureaucratic hurdles for startups. For instance, the Florida Small Business Development Center Network offers resources and support to help new businesses navigate regulatory requirements efficiently.
Growing Venture Capital Scene
Cities like Miami, Tampa, and Orlando have witnessed a surge in venture capital activity. Miami, in particular, climbed seven places to rank 16th in the 2024 Global Startup Ecosystem Report, reflecting its enhanced global standing.
Tampa Bay's tech ecosystem has also expanded, with significant investments fostering companies across technology, healthcare, and public safety sectors.
Influx of Tech Talent
The migration of tech professionals from high-tax states like California and New York to Florida has infused the local startup scene with fresh talent and ideas. This trend accelerated during the pandemic, as remote work allowed professionals to relocate without compromising career opportunities. The state's quality of life, combined with its economic advantages, continues to draw skilled individuals seeking a conducive environment for innovation.
Enhanced Quality of Life and Remote Work Trends
Florida's warm climate, affordable cost of living, and diverse cultural offerings contribute to an appealing lifestyle for entrepreneurs and employees alike. The rise of remote work has further enabled individuals to choose locations based on lifestyle preferences without sacrificing professional aspirations. This shift has positioned Florida as an ideal locale for those seeking a balance between work and personal life.
Government and Institutional Support
The state government actively supports small businesses and startups through various initiatives. In January 2025, FloridaCommerce announced an additional $167 million available for small businesses through the State Small Business Credit Initiative 2.0 (SSBCI). Since January 2023, Florida has provided more than $202 million in loans and venture capital investments to 149 small businesses, stimulating over $769 million in private capital and creating or retaining nearly 4,967 jobs for Floridians.
These combined factors create a fertile environment for startups, making Florida a compelling destination for founders and investors aiming to capitalize on the state's dynamic and supportive ecosystem.
Top 15 Venture Capital Firms in Florida
Florida's venture capital landscape has expanded significantly, with numerous firms actively investing in the state's burgeoning startup ecosystem. Here are ten notable venture capital firms fueling innovation across Florida:
Florida Funders
About: Florida Funders is a hybrid of a venture capital fund and accredited investor crowdfunding platform.
Sweetspot check size: $ 500K
Traction metrics requirements: $250K ARR to $2M ARR is our sweet spot.
Thesis: Early Stage Tech (Seed to Series A). Technology focused, but industry agnostic with primary interest in SaaS B2B business, AI, Cybsecurity, Healthtech, Fintech, Marketplaces
Fuel Venture Capital
About: Fuel Venture Capital is committed to propelling groundbreaking ideas into world-changing companies and democratizing access to the creative economy to shape the future of society. The firm's "founder focused, investor driven" approach is led by a core team with more than 80 years of combined experience in investment banking, wealth management, executive leadership and entrepreneurship. The fund boasts a portfolio of more than 33 companies based around the globe across numerous sectors, bringing positive impact to virtually all corners of our modern economy.
Calm Company Fund
Sweetspot check size: $ 250K
Traction metrics requirements: Post-product, post-revenue
Thesis: As a general rule we invest in companies after they have launched and have some paying customers, though within that we can invest quite early. We invest using a financing structure that we created called the Shared Earnings Agreement. This allow us to back founders who want to build sustainable profit-focused businesses without the pressure of having to continually raise capital or sell. We bring more than just a check and have a big focus on Mentorship & Community.
Krillion Ventures
About: Krillion Ventures is a venture capital fund that provides Seed and Series A stage funding to tech-enabled companies based in Miami, New York City and San Francisco. We provide up to $1M in investment capital per round to outstanding entrepreneurial teams. And then we back these companies with support in strategy, marketing and additional capital raising.
Ocean Azul Partners
About: We are an early stage venture capital firm passionate about helping entrepreneurs bring innovative technology solutions to market. We’re operators who are determined to use our successes and lessons learned to provide significant value to the teams with which we work. We are proud to support entrepreneurs building unique solutions that will shape the futures of their industries.
TheVentureCity
About: Funding mission-driven entrepreneurs worldwide
Sweetspot check size: $ 2M
Traction metrics requirements: None.
Thesis: We’re looking for mission-driven founders with global mindsets that are building software-enabled companies with potential to scale globally
venVelo
About: venVelo is a venture fund and business accelerator focused on early-stage opportunities. venVelo was formally launched in 2012 and quickly established itself as one of the most active venture funds in central Florida. In addition to its investments, venVelo board members have been frequent speakers, panelists, and venture competition judges around the state. venVelo also has donated money to a variety of firms working to develop the central Florida entrepreneurial ecosystem.
LAB Ventures
About: LAB Ventures is an early-stage PropTech investor based out of The LAB Miami, Miami's original coworking community and events space located in the Wynwood Art District. Our team of entrepreneurs is well versed in scaling early-stage ventures, and found that we best support startups building technology solutions for the real estate and construction industries.
Through our rolling fund, we invest with industry insiders with whom we can match our portfolio companies for mutual benefit. In tangent, our venture studio provides more intensive support; having built companies like Expetitle, beycome, and Lumi.house.
Miami Angels
About: Founded in 2013, Miami Angels is one of Florida's largest, longest-running, and most active angel networks. We are industry agnostic, focusing primarily on post-product, post-revenue, early-stage technology companies.
Forefront Venture Partners
Sweetspot check size: $ 500K
Traction metrics requirements: L Post-revenue companies only. Minimum $20k monthly revenue.
Thesis: https://www.forefrontvp.com/thesis
CEAS Investments
Sweetspot check size: $ 250K
Traction metrics requirements: No requirements for metrics.
Thesis: Investing in enterprise software businesses at the early stages (pre-seed/seed). We are investing off of a family office's balance sheet. We typically invest between $150k - $1.5m as a first check into a company and have the ability to meaningfully follow-on and lead later rounds.
Conscience
About: Conscience VC invests into early-stage, science-led consumer companies.
Sweetspot check size: $ 200K
LEAD Sports
About: leAD Sports & Health Tech Partners sources, funds, and drives growth of early-stage sports & health tech startups globally. leAD works with groundbreaking solutions across the verticals of fan engagement, connected athletes, and health & well-being.
Sweetspot check size: $ 750K
Phyto Psyche
About: Phyto Partners is a venture capital fund that invests in businesses operating in and around the burgeoning Cannabis industry. The fund offers accredited investors a professionally managed vehicle to get involved in this rapidly growing market.
Sweetspot check size: $ 500K
Thesis: Investing in the neuro-wellness megatrend.
Animo Ventures
About: Animo Ventures is a seed fund investing across the US.
Traction metrics requirements: Looking at companies from pre-product to 100K+ in MRR.
Florida’s Emerging Startup Hubs
Florida's startup ecosystem is thriving, with several cities leading the charge in innovation and entrepreneurship. Here's a look at the top hubs driving this growth:
Miami: Fintech, Crypto, Real Estate Tech
Miami has rapidly ascended as a global startup powerhouse. In 2024, the city climbed seven spots to rank 16th in the Global Startup Ecosystem Report, reflecting its enhanced global standing.
This growth is fueled by a surge in venture capital investments and a supportive environment for startups. The city's strategic location also provides a gateway to Latin American markets, further bolstering its appeal to entrepreneurs.
Tampa: Cybersecurity, SaaS, Health Tech
Tampa Bay's tech ecosystem has expanded significantly, with substantial investments fostering companies across technology, healthcare, and public safety sectors.
The city's commitment to building a stronger tech ecosystem is evident through organizations like Tampa Bay WaVE, which focuses on helping launch tech startups.
This supportive infrastructure has attracted a diverse range of innovations, making Tampa a hotbed for tech entrepreneurship.
Orlando: Aerospace, Simulation Tech, Biotech
Orlando, traditionally known for its tourism industry, is emerging as a significant player in the tech startup scene. The city is home to a growing number of technology-based startups, particularly in the downtown area. Companies like Digital Brands, SharpSpring, and Feathr have established themselves in Orlando, contributing to its reputation as a hub for innovation.
The presence of research institutions and a skilled workforce further supports the city's burgeoning startup ecosystem.
Fort Lauderdale & Palm Beach: Health Tech, Logistics, Connections to Latin American Markets
Fort Lauderdale and Palm Beach are leveraging their strategic locations to foster growth in health tech and logistics. The Research Park at Florida Atlantic University in Boca Raton hosts numerous technology companies and research-based organizations, supporting the development of innovative solutions in these sectors.
Additionally, the region's proximity to Latin America positions it as a crucial hub for businesses aiming to expand into international markets.
How to Attract Florida-Based Investors
Securing investment from Florida-based venture capitalists requires strategic engagement and a compelling business proposition. Here are key approaches to consider:
1. Leverage Local Startup Events & Conferences
Attending prominent industry events provides invaluable networking opportunities with potential investors:
eMerge Americas (Miami): Scheduled for March 27-28, 2025, at the Miami Beach Convention Center, this conference brings together over 20,000 attendees, including entrepreneurs, investors, and tech leaders. Engaging in such events can enhance your visibility within the investment community.
Synapse Summit (Tampa): Set for March 25, 2025, at Raymond James Stadium, this summit convenes over 2,000 industry leaders, investors, and innovators. Participating can facilitate connections with investors interested in Florida's startup ecosystem.
2. Join Accelerators & Incubators
Enrolling in reputable programs can provide mentorship, resources, and investor connections:
Techstars Miami: This accelerator offers a 13-week program for early-stage startups, providing mentorship and access to a vast network of investors. Participation can significantly enhance your startup's growth trajectory.
Embarc Collective (Tampa): As Florida's fastest-growing startup hub, Embarc Collective supports early-stage tech companies through customized coaching and a collaborative workspace, helping startups scale effectively.
1909 (West Palm Beach): This nonprofit accelerator and coworking space focuses on supporting entrepreneurs and startups in South Florida, offering programs that foster innovation and business development.
3. Demonstrate Strong Market Fit and Traction
Florida investors often prioritize startups with validated business models and measurable progress:
Market Validation: Show evidence of product-market fit through customer feedback, sales data, or pilot programs.
Revenue Generation: Highlight consistent revenue streams or a clear path to profitability, as many investors in the region favor companies with proven financial performance.
Scalability: Present a strategic plan illustrating how your business can expand and capture a significant market share, showcasing growth potential.
Connect With Investors in Florida Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Florida's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top Venture Capital Firms in Philadelphia: A Guide for Startup Founders
Philadelphia has rapidly grown into a thriving hub for startups, earning a spot among the world’s top 25 startup ecosystems in 2024.
Connecting with the right venture capital (VC) firms is crucial for founders seeking funding in Philadelphia. In the fourth quarter of 2024 alone, the region attracted $1 billion in VC investments, indicating a robust funding landscape.
In this article, we will highlight the top 10 VC firms actively investing in Philadelphia startups. Additionally, we will provide insights into the local fundraising landscape, highlight the city's appeal as a startup hub, share success stories, and discuss challenges and opportunities.
Philadelphia's vibrant startup ecosystem is supported by a diverse array of venture capital firms that provide essential funding and strategic guidance to emerging companies. Below is a curated list of the top 15 venture capital firms in Philadelphia, highlighting their investment focuses and notable portfolio companies.
Top 10 Philadelphia VCs Investing in Startups
Dreamit Ventures
About: Dreamit is a venture fund and growth-focused accelerator for Urbantech, Securetech, and Healthtech startups
Sweetspot check size: $ 1M
Traction metrics requirements: Seek healthtech and securetech companies with early commercial traction and proven product market fit that are focused on scaling.
Thesis: Dreamit Ventures is a fund and growth program focused on startups with revenue or pilots that are ready to scale.
BioAdvance
About: BioAdvance provides funding to startup life sciences companies in Southeastern Pennsylvania through its Greenhouse Fund. They invest in therapeutics, devices, diagnostics and platform technologies focused on human health. Since its first investments in 2003, BioAdvance has become one of the nation's leading investors providing pre-seed and seed-stage funding. To date they have committed $19.6 million to 29 seed-stage companies and 15 pre-seed investments.
Osage Venture Partners
About: Osage Venture Partners is a venture capital fund specializing in early stage, B2B software companies on the East Coast.
MissionOG
About: MissionOG partners with high-growth businesses that have proven models in segments where we have had success as operators and investors, including financial services and payments, data platforms, and software.
To help accelerate our partner companies, we invest financial capital and leverage a broad network of industry experts.
Headquartered in Philadelphia, MissionOG is led by a team that has effectively built and scaled companies through their various stages of growth to successful acquisitions.
Thesis: We partner with high-growth B2B companies that are driving the digitization of the economy. We are thematic investors in key market segments where we have deep operational knowledge, including fintech, data, and software. We seek to invest $5 million to $10 million with significant follow-on capital where necessary.
SeventySix Capital
About: SeventySix Capital is at the epicenter of sports & tech, investing in smart and nice entrepreneurs who are building game changing startups.
Sweetspot check size: $ 1M
Thesis: Investing in and building the tech companies that are bringing streaming, augmented/virtual reality, NFTs, blockchain, Web 3.0 and the Metaverse to the sports industry
Robin Hood Ventures
About: Robin Hood Ventures is a group of angel investors, focused on early-stage, high-growth companies in the Greater Philadelphia region. We help entrepreneurs build great companies, providing capital, mentoring, expertise and connections to help companies reach their potential. Robin Hood generally invests $250k to $1 million, and collaborates with angels, institutions and VCs in our network. We invest as a single entity in businesses we know and understand, in a way that gets deals done. Since 1999, we have invested in over 45 companies in industries including software, medical devices, biotech, internet and financial technology.
Rittenhouse Ventures
About: Rittenhouse Ventures is an emerging growth venture fund focused on innovative software solutions that power enterprises in healthcare, life sciences, financial services, human resources, and general business services.
With a unique combination of right-sized investments, deep expertise, and a proven track record, we optimize capital and growth strategies for entrepreneurs.
Based in Philadelphia and investing across the Mid-Atlantic region, we build long-term partnerships with entrepreneurs, leveraging our extensive local network to our portfolio's advantage.
EnerTech Capital
About: EnerTech Capital specializes in startups, early, mid, later, to expansion stage investments, and growth capital.
EnerTech Capital
About: BioAdvance provides funding to startup life sciences companies in Southeastern Pennsylvania through its Greenhouse Fund. They invest in therapeutics, devices, diagnostics and platform technologies focused on human health. Since its first investments in 2003, BioAdvance has become one of the nation's leading investors providing pre-seed and seed-stage funding. To date they have committed $19.6 million to 29 seed-stage companies and 15 pre-seed investments.
BioAdvance
About: BioAdvance provides funding to startup life sciences companies in Southeastern Pennsylvania through its Greenhouse Fund. They invest in therapeutics, devices, diagnostics and platform technologies focused on human health. Since its first investments in 2003, BioAdvance has become one of the nation's leading investors providing pre-seed and seed-stage funding. To date they have committed $19.6 million to 29 seed-stage companies and 15 pre-seed investments.
Fundraising in Philadelphia: Insights, Trends, and Tips
Philadelphia's startup ecosystem has demonstrated remarkable resilience and growth, solidifying its position as a burgeoning hub for innovation and entrepreneurship. In 2024, the city was ranked as the 25th global startup ecosystem, moving up two spots from the previous year.
Overview of the Local Funding Landscape
Philadelphia’s venture capital scene has been buzzing with activity, reflecting a maturing startup ecosystem that continues to attract significant investment.
In 2024 Philadelphia-based startups raised $3.29 billion across 440 deals, a notable increase from $2.42 billion across 500 deals in 2023. While the number of deals declined slightly, the overall investment amount grew—signaling a shift in investor strategy. Rather than spreading capital across many smaller bets, investors are prioritizing fewer high-potential companies with strong growth prospects. This trend aligns with broader market patterns, where VC firms are becoming more selective, focusing their resources on startups with proven traction, strong teams, and scalable business models.
Common Trends in Startup Funding
Several key trends have emerged in Philadelphia's startup funding scene:
Life Sciences Lead the Way:
Philadelphia continues to be a powerhouse in life sciences, with biotech and pharmaceutical startups dominating the funding landscape. In 2023, six of the top ten venture deals in the city went to companies in these sectors, highlighting strong investor confidence in health innovation. Beyond life sciences, enterprise technology and B2C (business-to-consumer) startups have also gained traction, reflecting a well-balanced and diverse ecosystem.
Early-Stage Funding Remains Strong
Despite economic fluctuations, early-stage funding in Philadelphia has held steady. In 2023, 151 early-stage deals were recorded—only a slight 3.2% dip from the previous year. This resilience at the seed and pre-seed levels shows that investors remain committed to backing emerging startups, ensuring a strong innovation pipeline in the city.
Investors Prioritizing Quality Over Quantity
Philadelphia investors are becoming more selective, prioritizing high-growth startups with scalable business models over spreading capital across numerous small bets.Rather than spreading capital across numerous small bets, venture firms are now focusing on startups with high growth potential and clear scalability. This shift toward fewer, higher-value deals signals a maturing market where investors seek companies with strong teams, validated business models, and long-term sustainability.
Tips for Navigating the Fundraising Process in Philadelphia
For founders aiming to secure funding in Philadelphia, consider the following strategies:
Leverage Local Resources: Engage with local incubators and accelerators, such as Ben Franklin Technology Partners and the University City Science Center, which offer funding, mentorship, and networking opportunities.
Highlight Sector Strengths: If your startup operates within the life sciences, AI, big data, analytics, or advanced manufacturing sectors, emphasize how your venture aligns with Philadelphia's recognized industry strengths.
Attend Local Startup and Investor Events: Establish connections with local investors and participate in community events to increase visibility and credibility within the ecosystem.
Philly Tech Week – A week-long series of events, panels, and networking opportunities that attract investors and startup leaders from across the region.
PACT Capital Conference – One of the largest venture capital conferences in the Mid-Atlantic, where startups can pitch to investors and connect with funding sources.
Founder Factory by Philly Startup Leaders – An event for early-stage entrepreneurs looking to learn from seasoned founders and meet investors.
Success Stories from Philadelphia Startups: Notable Achievements and Milestones
Philadelphia's startup ecosystem has fostered numerous success stories, exemplifying the city's capacity to nurture and scale innovative ventures. Here are three notable startups that have achieved significant milestones:
1. GoPuff
Overview: Founded in 2013 by Drexel University students Yakir Gola and Rafael Ilishayev, GoPuff began as an on-demand hookah delivery service and evolved into a digital delivery platform for convenience items.
Funding Milestones:
2016: Raised $8.25 million in Series A funding.
2019: Secured $750 million from SoftBank, with an additional $250 million commitment.
2021: Achieved a valuation of $15 billion after a funding round.
2. Bazaarvoice
Overview: Bazaarvoice was founded in 2012, they are a visual marketing platform that enables brands to leverage user-generated content across social media channels. Funding Milestones:
2013: Raised $3 million in Series A funding.
2014: Secured an additional $8.6 million in Series B funding.
3. NeuroFlow
Overview: Founded in 2017 by Christopher Molaro and Adam Pardes, NeuroFlow is a digital health company focused on improving mental health care through data-driven solutions. The company’s platform helps healthcare providers integrate behavioral health into primary care, leveraging AI-powered analytics to support patient well-being.
Funding Milestones:
2018: Raised $1.25 million in seed funding.
2020: Secured $7.5 million in Series A funding to expand its behavioral health integration platform.
2022: Closed a $25 million Series B round to enhance AI capabilities and scale partnerships with healthcare systems.
Challenges and Opportunities for Startups in Philadelphia
Philadelphia's startup ecosystem presents a unique blend of challenges and opportunities for entrepreneurs. Understanding these dynamics is crucial for navigating and thriving in this environment.
Challenges:
Smaller Funding Ecosystem Compared to Major Hubs:
Philadelphia’s venture capital scene is expanding, but it remains smaller than major hubs like New York or San Francisco. As a result, startups may need to look beyond the city for larger funding rounds.
Limited Access to Certain Types of Investors:
Startups, particularly those in later stages of development, may find it challenging to connect with investors specializing in large-scale funding rounds within the local market. This necessitates seeking investment opportunities beyond the regional boundaries.
Opportunities:
Growing Interest from National Venture Capitalists:
Philadelphia is increasingly catching the attention of national VC firms, drawn by its lower operating costs, strong talent pipeline, and emerging industries. The city's strategic location, coupled with a lower cost of living and operating expenses, makes it an appealing destination for investors looking to diversify their portfolios.
Emerging Industries and Untapped Markets:
Philadelphia is witnessing growth in sectors such as healthcare technology, biotechnology, and information technology. The presence of renowned research institutions and universities provides a fertile ground for innovation, offering startups the opportunity to pioneer solutions in these emerging fields.
Connect With Investors in Philadelphia Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Philadelphia's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
The Ultimate Guide to Raising Venture Capital in Charlotte
Charlotte, North Carolina, has rapidly evolved into a vibrant hub for startups, particularly in the fintech sector. In 2024, the city was ranked among the top 10 global ecosystems for financial technology startups in regions with populations under 3 million.This recognition underscores Charlotte's dynamic environment for innovation and entrepreneurship.
This guide will walk you through the top venture capital firms actively investing in Charlotte-based startups, along with essential resources and strategies for successful fundraising in the region.
Top Venture Capital Firms in Charlotte
1. Frontier Growth
About: Frontier Capital specializes in growth equity investments in software and tech-enabled services companies.
Thesis: We partner with domain experts who are disrupting late-adopter industries with modern vertical SaaS solutions that customers love. We are people-first investors, passionate about supporting vertical SaaS companies through their growth journey.
2. Falfurrias Management Partners
About: Falfurrias Management Partners is a Charlotte-based private equity investment firm that acquires or invests in lower, middle-market businesses. The firm was founded in 2006 by Hugh McColl, Jr., the former Chairman and CEO of Bank of America, and Marc Oken, the former CFO of Bank of America.
3. Capitala Group
About: Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty-five years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses utilizing our flexible capital mandate which provides creative financing solutions to companies. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success.
4. RevTech Labs Foundation
About: RevTech Labs Foundation is the bridge to growth and success for Founders. Maximizing the probability of success for high-potential startups is at the heart of everything we do. We leverage our broad networks of support to provide what we believe to be the most crucial needs for Founders when growing and scaling their startup - funding, mentorship, and visibility.
5. Salem Investment Partners
About: Salem Investment Partners is an investment firm based in North Carolina with over $350 million under management. We specialize in mezzanine debt and equity investments in privately-held businesses with $10-$75 million in revenue. We invest across a wide range of industries primarily in the eastern half of the US.
6. Carousel Capital
About: Carousel Capital is a private investment firm that focuses on investing in companies located in the Southeastern United States. The firm has an extensive track record of partnering with management teams to build leading companies with national and global presence within its three targeted growth sectors: business services; consumer products and services; and healthcare services. Carousel's investor base is comprised of institutional investors and, since the firm's inception, a group of more than one hundred current and former corporate Chief Executive Officers. These executives assist the firm in sourcing opportunities, as well as providing sector insight and strategic support.
7. Pamlico Capital
About: Pamlico Capital seeks equity and buyout investments in growing businesses that serve the communications, healthcare, services and software industries. We are committed to developing successful partnerships with management teams and entrepreneurs and helping companies reach their full potential. For more than thirty years, the Pamlico Capital team has generated consistently high returns, investing approximately $4 billion.
8. Charlotte Angel Fund
About: We are a large group of experienced, committed investors in early stage companies in a wide range of industries. Charlotte Angel Fund (CAF) is one of North Carolina’s most active angel investor groups and represents Charlotte's largest source of capital for high aspiration startups.
9. SJF Ventures
About: We are experienced venture capital investors who have been at the forefront of impact investing since 1999. We are passionate about generating extraordinary results, creating positive changes, and partnering with visionaries who combine these two.
Sweetspot check size: $ 5M
Thesis: SJF Ventures invests in high-growth companies creating a healthier, smarter and cleaner future. Our mission is to catalyze the development of highly successful businesses driving lasting, positive changes.
10. Plexus Capital
About: Plexus Capital invests across the United States in a variety of transaction types, including acquisitions, buyouts, recapitalizations, and growth capital. Since 2005, Plexus has raised over $2.2B* across seven committed funds and funded over $2.4B in over 189 companies. Plexus has built an institutional platform with a team of ~45 professionals based in Raleigh and Charlotte, NC.
Our transaction experience has resulted in active working relationships with numerous third party due diligence providers, ensuring a smooth and efficient transaction process for management and the Company. We are value-add, long-term, patient investors who are committed to excellence in everything we do.
The Charlotte Startup Ecosystem
Charlotte's transformation into a startup hub is fueled by its robust financial infrastructure, talent pipeline, and quality of life. The city is home to over 50,000 tech workers and secured $1.2 billion in startup funding in 2024, reflecting its dynamic ecosystem.
Key Industries and Sectors
Fintech: Charlotte ranks among the top 10 global ecosystems for fintech startups in regions with populations under 3 million.
Healthcare Technology: With major healthcare systems like Novant Health, the city fosters healthtech startups focusing on patient care and medical devices.
Enterprise Software: B2B software companies, especially those serving financial services and healthcare sectors, thrive in Charlotte's business-friendly environment.
Networking Opportunities and Resources
LaunchCLT: Connects founders and mentors to catalyze a sustainable entrepreneurial ecosystem in the greater Charlotte region.
RevTech Labs: Provides accelerators for fintech, healthtech, and insurtech startups, offering funding, mentorship, and visibility.
Ventureprise Launch: An accelerator program offering funding and support for sector-agnostic startups.
Notable Startups and Success Stories in Charlotte
Charlotte's growing startup ecosystem has produced a number of high-profile success stories across various industries, including fintech, healthtech, and e-commerce. These companies have secured significant funding, achieved major milestones, and contributed to the city's reputation as an emerging startup hub. Here are some of the most notable startups that have made an impact in Charlotte:
AvidXchange
Industry: Fintech
About: Founded in 2000, AvidXchange is one of Charlotte’s biggest startup success stories. The company provides automated accounts payable and payment automation solutions for mid-market businesses.
Success Milestones: AvidXchange went public in 2021, reaching a valuation of over $2 billion. It remains one of the largest fintech employers in Charlotte.
Carewell
Industry: E-commerce, Healthtech
About: Carewell is a family-owned e-commerce platform that specializes in home health products for caregivers. The company provides personalized customer support and resources to help caregivers manage their loved ones' needs.
Success Milestones: Carewell raised $25 million in Series B funding in 2022 and was named one of the fastest-growing startups in the Southeast.
Stratifyd
Industry: Artificial Intelligence, Analytics
About: Stratifyd uses AI and machine learning to analyze unstructured data for enterprises, providing insights into customer feedback, market trends, and operational efficiencies.
Success Milestones: The company has raised over $50 million in funding from investors, including Charlotte-based Frontier Capital.
Red Ventures
Industry: Digital Media, Marketing
About: Red Ventures is a digital marketing and media company that owns and operates several well-known brands, including CNET, Bankrate, and The Points Guy.
Success Milestones: The company has grown into a billion-dollar business with over 3,000 employees worldwide.
MapAnything (Acquired by Salesforce)
Industry: SaaS, Location Intelligence
About: The acquisition of MapAnything by Salesforce put Charlotte on the map for SaaS and enterprise software startups. MapAnything developed location-based software for sales and service teams, integrating with Salesforce to optimize routing, sales territory mapping, and customer engagement.
Success Milestones: The company was acquired by Salesforce in 2019 for an undisclosed sum, making it one of Charlotte’s biggest startup exits.
Ekos
Industry: SaaS, Craft Beverage Tech
About: Ekos provides business management software for craft beverage producers, including breweries, cideries, and wineries, helping them streamline inventory, production, and sales.
Success Milestones: The company has raised over $20 million in funding and serves thousands of craft beverage businesses worldwide.
Connect With Investors in Charlotte Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Charlotte's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top 15 Venture Capital Firms in Houston Fueling Startup Growth
Houston, long known as the energy capital of the world, is rapidly emerging as a vibrant startup ecosystem that's attracting ambitious founders and venture capital investment. While the city's entrepreneurial roots run deep in energy and healthcare, a new wave of innovation is transforming Houston into a diverse technological hub that spans industries from cleantech to digital transformation.
In 2024, Houston's startup scene reached several significant milestones, with local startups raising over $1.2 billion in venture funding. This growth reflects the city's unique advantages: a lower cost of living compared to coastal tech hubs, access to major corporate headquarters, world-class research institutions, and a deep talent pool enriched by technical expertise from the energy and medical sectors.
For founders navigating Houston's funding landscape, understanding the local venture capital ecosystem is crucial. This comprehensive guide maps out the city's most active and influential venture capital firms, while providing actionable insights for fundraising success in the Houston market. Whether you're launching a seed-stage startup or scaling a growth-stage company, you'll find the resources and connections needed to advance your fundraising journey.
Top 15 Venture Capital Firms in Houston
1. Mercury Fund
About: Mercury is an early-stage venture capital firm partnering with entrepreneurs to drive innovation across Middle America. Mercury’s investment themes target B2B SaaS and B2B2C marketplace platforms enabling the digital transformation of markets, industries, and customer relationships. With $750M under management, Mercury has created over $9 billion of value with an operationally focused investment strategy helping startups achieve rapid, sustainable growth. Mercury is headquartered in Houston with offices in Austin, Texas and Ann Arbor, Michigan.
2. Chevron Technology Ventures
About: Chevron’s Core Venture Fund invests in technologies that have the potential to add efficiencies to Chevron’s core business in the areas of operational enhancement, digitalization and lower-carbon operations.
Chevron’s first Core Venture Fund was launched in 1999. Now in our seventh fund, we have invested in more than 100 companies with more than 150 other investors.
Thesis: CTV engages a range of startup companies, investors, incubators and accelerators to access technology that can be used across Chevron now and in the future to enable us to operate more efficiently, to lower the carbon intensity of our operations and launch viable new businesses.
3. The Artemis Fund
About: The Artemis Fund seeds tech innovators modernizing wealth.
Sweetspot check size: $ 1.50M
Thesis: Investing in female founders in fin-tech, care-tech, and e-commerce enablement.
4. Goose Capital
About: Goose Capital is an investment firm comprised of former Fortune 500 executives, industry leaders, and serial entrepreneurs. We invest in breakthrough technologies and innovative founders.
5. Houston Ventures
About: Houston Ventures focuses on technology opportunities that solve operational problems in the energy and power industries. These technologies often are used in other industries to drive incremental revenue or deliver cost reductions, but have not made the transition to the energy and power sectors.
6. Texas Atlantic Capital
About: TAC invests in Europe and the USA. We invest in all stages (seed, early and growth) of companies with exceptional teams and scalable business models. Our investment sizes go from $500,000 for seed stage to $30 million for growth stage. We like opportunities in deep tech, e-commerce, media, and software domains.
7. Golden Section
About: Golden Section exists to journey together with B2B software founders to achieve meaningful exits through flourishing communities, effective partnership, and a commitment to balance.
8. Seed Round Capital
Sweetspot check size: $ 100K
Traction metrics requirements: Product in market with $5k MMR or $100k ARR in revenue.
Thesis: Product in market with $5k MMR or $100k ARR in revenue. $10M or less Valuation.
9. Quantum Energy Partners
About: Founded in 1998, Quantum Capital Group is a leading provider of private equity, credit, and venture capital to the global energy and energy transition industry, having managed together with its affiliates more than $28 billion in capital commitments since inception.
Quantum pursues a disciplined yet creative approach to investing across the entire energy value chain, including: oil and gas, energy infrastructure, renewable power, decarbonization, and energy & sustainability technologies. We strive to add value to the entrepreneurs with whom we partner through strategic, technical, operational and digital support.
10. Knightsgate Ventures
About: Knightsgate Ventures is an early-stage venture capital firm that invests in mission-driven startups to build a future that is sustainable, equitable, inclusive, and diverse.
Thesis: We invest early in ideas and people that are looking to create positive change through tech innovation
We are sector agnostic investors and we partner with the best startups across sectors. All products and services we invest in are bringing innovative ideas to their industries making the world a place we want to live in while creating significant financial and social value.
11. SpaceFund
About: SpaceFund is a Venture Capital firm focused on supporting and investing in the growth of the space economy. Our team has the extensive industry experience and a strategic investment approach. By backing innovative ventures and leveraging our portfolio, we aim to drive the development of the space industry and generate solid returns for our investors. Our focus is on building a sustainable future for space exploration and improving people's lives on Earth and beyond. If you are interested in supporting the space industry's growth and exploring potential investment opportunities, we welcome the opportunity to speak with you.
12. HX Venture Fund
About: HX Venture Fund is a venture capital fund of funds that creates a multiplier effect by linking the transformational power of world-class corporations, technology innovation, and high-growth startups with proven venture investment talent, company-building expertise, and capital.
13. Amnis Ventures
About: Amnis Ventures is a broad range investment firm focused on innovative technologies in many fields of use that deliver sustainable results. Investments have included energy-related specialty chemicals, innovative hardware technologies in renewable energy, novel democratised block-chain based financial services platform and sustainable real estate development.
14. Texas HALO Fund
About: Texas HALO Fund is an investment company specializing in diverse, early stage businesses with promising growth prospects and exceptional management teams. Our investment approach identifies compelling businesses from multiple sources without regard to industry or geographic location. Quite simply, we seek the best opportunities, locally, regionally and nationally, in order to generate the highest returns for our investors with the lowest possible risk. Each fund invests in multiple companies in a variety of industries in order to construct a diversified portfolio. Our process involves rigorous due diligence and extensive interaction with management prior to making a capital commitment and then active on-going oversight, often through board positions or board observation rights.
Texas HALO Fund was created to give investors access to the high return potential of early-stage investments while addressing the unique challenges that confront investors attempting to create a diversified portfolio, such as quality deal flow, due diligence expertise, and limited capital to spread among the many investments needed in a diversified portfolio.
15. Texas Ventures
About: Texas Ventures is a private equity and venture capital firm with expertise in structured finance, capital markets and technology.
Thesis: Our investment approach is to identify emerging trends and opportunities prior to recognition by the broader marketplace, and to take a proactive approach in working with entrepreneurs and managers who have the desire, talent and determination to build world-class companies.
Houston's Startup Ecosystem Overview
Houston's transformation into a technology hub builds upon its traditional strengths while embracing new opportunities. The ecosystem benefits from several key advantages that make it an increasingly attractive destination for founders:
Industry Leadership and Innovation
Houston's startup ecosystem leverages its established leadership in key sectors:
Energy and Cleantech: The city's energy expertise is driving innovation in renewable energy, carbon capture, and sustainable technologies
Healthcare and Life Sciences: The Texas Medical Center, the world's largest medical complex, spawns numerous healthtech and biotech startups
Space Technology: NASA's Johnson Space Center anchors a growing space technology sector
Industrial Technology: Digital transformation of traditional industries creates opportunities for B2B software and IoT solutions
Infrastructure and Support
Houston's startup ecosystem is built on a foundation of world-class infrastructure and support systems that give founders the resources they need to succeed. At the heart of this is a network of innovation districts, accelerators, and research institutions working together to drive technological advancement.
The Ion, Houston's flagship innovation hub, has transformed a historic Midtown building into a 266,000-square-foot entrepreneurial hub. In addition to modern office space, The Ion hosts numerous startup development programs, corporate innovation initiatives, and networking events that help founders and investors connect. The surrounding Innovation District has attracted major technology companies and startups, creating a density of talent and opportunities.
Houston's accelerator programs offer founders structured pathways to growth. MassChallenge Texas provides equity-free funding and mentorship to early-stage startups focusing on energy, healthcare, and space technologies. The Texas Medical Center's TMCx program gives healthcare startups access to the world's largest medical complex and member institutions. Greentown Labs, North America's largest climate tech startup incubator, chose Houston for its second location, offering specialized resources for clean energy entrepreneurs.
The city's academic institutions play a vital role in fueling innovation. Rice University's Liu Idea Lab for Innovation and Entrepreneurship (Lilie) offers entrepreneurship education and startup support, while its Rice Alliance for Technology and Entrepreneurship has helped launch over 2,000 startups that have raised more than $8.1 billion in funding. The University of Houston's Technology Bridge provides lab space and commercialization support for deep-tech startups, particularly in energy and advanced materials. Texas Southern University also contributes to the talent pipeline through specialized technology and entrepreneurship programs.
Organizations like Houston Exponential act as ecosystem connectors, while specialized facilities like the East End Maker Hub provide prototyping and manufacturing resources for hardware startups.
Competitive Advantages
Houston offers founders unique advantages that directly impact startup growth and sustainability.
The cost advantage is significant. Office space and operating costs are 45% lower than in San Francisco, and the median home price is approximately one-third of Bay Area levels. This translates to a longer runway for startups and a better quality of life for team members. There is also no state income tax, further strengthening the financial equation for companies and employees.
The intersection of energy, healthcare, and technology sectors creates a workforce that understands complex industries and regulatory environments. The city's international community adds global perspective and connections.
The proximity to Fortune 500 headquarters provides opportunities for B2B startups. Over 20 major corporations have offices in Houston, with active startup partnership programs. Companies like Shell, Memorial Hermann Health, and HPE regularly engage with local startups through pilot programs and strategic partnerships.
Connect With Investors in Houston Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Houston's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top 15 Venture Capital Firms Funding Startups in San Diego
San Diego has rapidly emerged as a dynamic hub for startups, blending innovation with a high quality of life. Known for its thriving biotech and health tech industries, the city is also gaining recognition for cleantech, SaaS, and other forward-looking sectors. With its proximity to world-class research institutions like UC San Diego and Scripps Research, as well as a growing network of accelerators and incubators, San Diego provides fertile ground for startups to launch and scale.
In this article, we will highlight the top 10 VCs investing in startups in San Diego and provide insights into the local startup ecosystem and fundraising landscape.
The Startup Ecosystem in San Diego
San Diego's startup ecosystem is a vibrant and supportive environment for entrepreneurs, offering a wealth of resources, accelerators, and incubators designed to foster innovation and growth.
These organizations are just a few that contribute to a great support system for startups in the region:
EvoNexus: As Southern California's leading startup technology incubator, EvoNexus provides entrepreneurs with mentorship, access to capital, and strategic partnerships to help transform ideas into viable companies.
Connect: A premier innovation company accelerator in San Diego, Connect offers programs like Springboard, which provides startups with mentoring and access to a network of industry experts to accelerate their growth.
Startup San Diego: A nonprofit organization serving as the gateway to the local startup ecosystem, Startup San Diego connects founders and talent to resources, networks, and support institutions, fostering a cohesive entrepreneurial community.
BioLabs San Diego: A co-working space tailored for life science startups, offering shared lab space and equipment to support biotech entrepreneurs in their early stages.
Hera Hub: A female-focused co-working space and business accelerator providing a collaborative environment for women entrepreneurs to grow their businesses.
Benefits of Running a Startup in San Diego
Operating a startup in San Diego offers several advantages:
Talent Pool: The presence of leading research institutions like the University of California, San Diego (UCSD), and a strong military community provide a steady stream of skilled professionals in fields such as biotechnology, engineering, and information technology.
Proximity to Research Institutions: Institutions like UCSD and the Salk Institute drive innovation and provide opportunities for collaboration, particularly in sectors like biotech and life sciences.
Quality of Life: San Diego's favorable climate, beautiful beaches, and vibrant cultural scene make it an attractive location for talent, aiding in recruitment and retention for startups.
Fundraising in San Diego
Securing funding is a pivotal step for startups aiming to scale their operations. San Diego offers a unique fundraising landscape, with a variety of resources and events tailored to support entrepreneurs.
Tips for Fundraising in San Diego
Engage with Local Angel Investors: San Diego has a robust network of angel investors who provide critical early-stage funding. Organizations like Tech Coast Angels and the San Diego Angel Conference are prominent in this space. Tech Coast Angels, for instance, is one of the largest and most active angel groups in the US, offering funding and mentorship to startups across various industries.
Participate in Pitch Competitions: Events such as the San Diego Angel Conference offer startups the opportunity to pitch to a network of over 200 angel investors. Winners receive investments of $200,000 or more. These competitions provide not only funding opportunities but also valuable exposure and feedback.
Leverage Crowdfunding Platforms: For startups with consumer-facing products, crowdfunding can effectively raise capital while validating market demand. San Diego-based companies have found success on platforms like Kickstarter and Indiegogo. For example, OSSIC, a tech company developing headphones with 3D audio technology, raised over $2.6 million on Kickstarter, with almost 10,000 backers supporting the firm.
Network Strategically: Building relationships within the local startup ecosystem is crucial. Attend industry meetups, startup events, and networking opportunities to connect with like-minded individuals and potential investors. San Diego hosts many events geared towards entrepreneurs and investors, such as the annual Startup Week, which features workshops, panels, and networking opportunities.
Networking and Local Startup Events
San Diego's vibrant startup community offers numerous events that facilitate networking and learning:
San Diego Startup Week: An annual premier conference that brings together entrepreneurs, investors, mentors, executives, and talent to connect, educate, and inspire the San Diego innovation ecosystem. The event is jam-packed with seminars, workshops, panel discussions, special events, and networking sessions aimed to foster an inclusive and collaborative community.
March Mingle: San Diego’s largest annual startup and tech networking event, bringing together technologists from various local tech user groups to socialize and share ideas. Established in 2004, March Mingle is a platform for San Diego’s leading technologists to gather and socialize.
Startup San Diego Events: Regular events such as 1st Mondays and specialized workshops provide platforms for entrepreneurs to connect, learn, and grow within the local startup ecosystem. Startup San Diego is a California 501(c)(3) nonprofit serving the San Diego Startup Ecosystem, guiding and connecting local founders and talent to the right resources, networks, and support institutions.
San Diego Entrepreneurs Exchange (SDEE) Events: SDEE hosts a number of truly fantastic events, ranging from monthly happy hours to expert-led workshops and networking events, providing opportunities for entrepreneurial innovators to connect and learn.
Comparing San Diego’s Investment Landscape
While San Diego's startup ecosystem is rapidly growing, it differs from larger hubs like Silicon Valley and Los Angeles in several ways:
Scale of Investment: Silicon Valley attracts more venture capital due to its established reputation and dense concentration of tech companies. However, San Diego is gaining traction, particularly in sectors like biotechnology, health tech, and clean energy, attracting significant venture capital and driving innovation across multiple sectors.
Community and Accessibility: San Diego's startup community is known for its collaborative and supportive nature. It often provides more accessible networking opportunities than the competitive environments of larger hubs. Events like San Diego Startup Week and organizations like Startup San Diego significantly foster this community spirit.
Cost of Operations: Operating a startup in San Diego can be more cost-effective than in Silicon Valley or Los Angeles, with lower living costs and operational expenses, making it an attractive option for early-stage startups.
Top 15 Venture Capitalists in San Diego
Tech Coast Angels
About: Tech Coast Angels is the largest angel investor group in the United States, possessing more than 300 members in five networks in Los Angeles, Orange County, San Diego, Central Coast, and the Inland Empire. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group.
Sweetspot check size: $ 500K
Traction metrics requirements: Yes. Usually investing after product market fit or defensible IP.
Thesis: SoCal focused innovation companies
Correlation Ventures
About: Correlation Ventures is a new breed of venture capital firm, leveraging world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional capital to complete a financing round.
Thesis: We provide fast and reliable access to venture capital so teams can spend less time fundraising and more time building their businesses.
Qualcomm Ventures
About: Qualcomm Ventures is the venture capital arm of Qualcomm Incorporated and is based in San Diego, California with several satellite offices located throughout world. Founded in 2000, Qualcomm Ventures is a corporate venture capital fund with over 150 active portfolio companies and more than 20 exits over a billion dollars, including 99 Taxis, Cruise Automation, Fitbit, Invensense, NQ Mobile, Waze and more. As a global investor, Qualcomm Ventures helps connect entrepreneurs to the resources, relationships and deep industry expertise they need to succeed in the mobile technology ecosystem.
Thesis: The group is focused on early to late-stage investments in the mobile/wireless sector, with strong interests in 5G, IoT, Connected Automotive, AI, Consumer, enterprise, and cloud.
Section 32
About: S32 is a venture capital firm investing at the frontiers of technology. Founded by Bill Maris, the team has vast experience building iconic companies. Our goal is to accelerate the discovery, development, and distribution of revolutionary technologies that improve the human condition. We invest across the entirety of technology. This includes artificial intelligence, enterprise software, cybersecurity, fintech, quantum computing, computational biology, and biotechnology. Offices in San DIego, San Francisco, and New York.
Harpoon
About: Harpoon Ventures is an early-stage venture capital firm with a deep commitment to supporting the next generation of groundbreaking technology. With $300 million in assets under management, we invest in a wide range of transformative ventures, including those in AI, deep tech, cyber security, and enterprise infrastructure.
TVC Capital
About: TVC Capital is an operator-led growth equity firm focused on investments in and acquisitions of software companies. We target a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. We invest growth equity in minority interests as well as provide capital for recapitalizations and buyouts.
Thesis: TVC Capital seeks investment opportunities with US software companies generating $2.5 million plus in annual revenue. We typically invest in such companies that are at or tracking towards profitability, meet a mission-critical need of their customer base, and are in need of capital to accelerate their growth. We also welcome the opportunity to begin a dialogue with growth-oriented software companies that are below our revenue threshold, but are at an inflection point in their development and are poised for future growth.
Forward Ventures
About: Forward Ventures, founded in 1990, has a team of investment professionals with extensive experience in entrepreneurship, venture capital, biological sciences, operations, and corporate management. The most recent fund focuses on biopharmaceutical products in early clinical development. We maximize returns through capital efficiency in our portfolio companies. We use our financial, technical and business resources to support founders and management. On a number of occasions, we have seeded companies from scratch, building strong teams to pursue compelling opportunities.
Spark Growth Ventures
About: Spark Growth Ventures is a community driven, early & mid stage, vertical-agnostic, technology venture capital firm. Our mission is to support gritty and exceptional founders in their missions by bringing forth the combined value of our strong community. We are fortunate to have a global network of entrepreneurs, C-level relationships, subject matter experts, world-class talent, institutional investors, high net worth individuals and family offices, many of who are investors in our platform. Our team has several decades of global experience in venture capital, entrepreneurship, innovation, executive & board management, functional leadership and advisory work.
Sweetspot check size: $ 1.50M
Traction metrics requirements
Post PMF with min. $1M in SaaS ARR or $4-5M in non SaaS annualized run rate. High capital efficiency and scalability metrics
Thesis: Capital efficient and scalable business model rooted in tech enabled products and services solving real and large problems. Mission oriented and gritty founders are a must.
Longley Capital
About: We invest in meaningful companies at the forefront of emerging technologies. Focusing on underserved markets, we champion management teams with visionary ideas and nurture our investments with the quantitative and qualitative disciplines necessary to accelerate enterprise value and mitigate portfolio risk. We implement business fundamentals and control early in a company’s lifecycle in order to ensure success in later stages.
Radical Growth
About: We discover world-class entrepreneurs and emerging technologies changing food and agriculture. Many of our founders took part in the Radicle Challenge, our pitch competition. By bringing our expertise and network, we help entrepreneurs and large corporations positively impact the future of food.
Thesis: The Acceleration Fund solves some of the most pressing issues facing the earth today by reducing the time to bring the latest Ag technologies to market. The fund is focused on tackling global farming problems by investing and accelerating companies in the areas of Digital Ag, Biologicals, New Farm Systems and Seed Technology.
Crescent Ridge
About: Crescent Ridge invests in early-stage companies on a mission to build a better world. We want to back entrepreneurs solving deep problems that affect Health/People/Planet. We bring the rigor of institutional capital with the trust and closeness of family and friends.
Versant Ventures
About: Versant Ventures is a leading healthcare investment firm committed to helping exceptional entrepreneurs build the next generation of great companies. The firm’s emphasis is on biotechnology companies that are discovering and developing novel therapeutics. With $2.4 billion under management and offices in the US, Canada and Europe, Versant has built a team with deep investment, operating and clinical expertise that enables a hands-on approach to company building. Since the firm’s founding in 1999, more than 70 Versant companies have achieved successful acquisitions or IPOs.
Founders First Capital Partners
About: National lender serving BIPOC, veteran, LGBTQ+, & women-owned businesses, as well as businesses in LMI zones & those committed to diverse hiring practices. Helping accelerate business growth through our Revenue-Based Funding products & Advisory Services.
Together, we can create more jobs, increase your revenues and bottom line, and provide more growth capital to help your business. We’re backed by the nation’s top philanthropic organizations, so that we can fund you with the right capital.
Thesis: We help companies grow and scale through strategic advisory and revenue-based investment.
Lolita Taub
About: Lolita Taub is the Chief of Staff and interim Head of Sales at Catalyte, and a 2x TEDx speaker, with a venture capital and enterprise tech background. She is also Scout at Indie.VC, an investor at NextGen Venture Partners, an LP at Operator Collective and Portfolia’s Enterprise Fund; and a former VC at Backstage Capital and K Fund. Lolita holds over a decade of enterprise B2B software, hardware, and services sales experience at IBM, Cisco Systems and in Silicon Valley. She has a BA from the University of Southern California and an MBA from the IE Business School. Lolita has been recognized for her work on Forbes, Inc.com, The Huffington Post and Entrepreneur.com among other publications.
Sweetspot check size: $ 20K
FusionX Ventures
About: FusionX Ventures is a Southern California-based venture capital firm that invests in promising, early stage startups in technology, industrial and medical/life science sectors.
Connect With Investors in San Diego Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of San Diego investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Key Venture Capital Firms Powering Denver's Thriving Startup Scene
Denver has solidified its position as a rising hub for startup innovation and venture capital activity. Known for its dynamic entrepreneurial culture, diverse industry strengths, and access to a growing pool of skilled talent, the city has attracted both emerging startups and established investment firms. From technology and SaaS to clean energy and life sciences, Denver's thriving ecosystem offers opportunities for founders seeking capital to scale their businesses.
In this article, we will explore the top venture capital firms actively investing in Denver, highlight the key industries driving innovation in the region, and showcase some of the most successful startups that have secured significant funding. Whether you're an early-stage founder or an investor exploring Denver's ecosystem, this guide will help you navigate the city's vibrant fundraising landscape.
Top Venture Capital Firms in Denver
Denver is home to a diverse range of venture capital firms actively investing in startups across multiple industries. Here's a list of some of the most prominent VCs in the region:
1. Stout Street Capital
About: Stout Street Capital is a seed-stage fund that seeks to invest in early-stage companies focused on improving efficiency and generating bottom-line value in large established sectors in the market. Stout Street’s Value Fund-II is currently focused on post-revenue, seed-to-series-A investments in companies valued at less than $10 million. Stout Street’s Value Fund-I has invested in 36 companies by the end of 2018 and Stout Street Value Fund-II is projected to invest in 50 companies with an average initial investment of 100k by 2020. We usually reserve 500k-$1M in follow on investment for our portfolio companies.
2. SpringTime Ventures
About: SpringTime Ventures seeds high-growth startups in healthcare, fintech & insurtech, and logistics & supply chain. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently.
3. Green Lion Partners
About: Green Lion Partners is a Denver, CO based business strategy firm focused on early stage development in the regulated cannabis industry.
Sweetspot check size: $ 3.30M
Thesis: Empowering business through innovative professional practices
4. Konvoy Ventures
About: Konvoy Ventures is a venture capital fund dedicated to esports & video gaming
Sweetspot check size: $ 1.50M
Thesis: We invest in the infrastructure technology, tools, and platforms of tomorrow’s video gaming industry.
5. LabStart
About: LabStart is building accessible pathways for underrepresented entrepreneurs to bring climate technologies from lab-to-market. A trove of valuable, scalable climate technologies continues to sit dormant - untapped and hidden behind research institution walls. To unlock these ready-innovations in a way that generates equitable market opportunities for underserved communities, we match market-ready tech with talented entrepreneurs selected from the front lines of climate change. We are a team of entrepreneurs, national lab researchers, commercialization consultants, investors, and programmatic experts. We fund full-time entrepreneur-minded fellows to discover, build, and launch startups based on technologies developed in premier research laboratories.
6. KEY Investment Partners
About: KEY Investment Partners is a venture capital firm focused on providing capital to early-stage cannabis companies.
Sweetspot check size: $ 1M
Traction metrics requirements: Over 1,000,000 annualized revenues
7. Blackhorn Ventures
About: Blackhorn Ventures is an early stage venture firm that invests in capital-efficient companies redefining resource use, enabling the decarbonization of the toughest to transition sectors in our economy (Transportation, the Built Environment, Supply Chain, and Energy).
Thesis: Blackhorn Ventures invests in world-class founders building digital infrastructure to redefine industrial resource efficiency.
8. Bigfoot Capital
About: Debt capital for growing SaaS companies to expand their footprint.
Traction metrics requirements: ARR of $500K+. At least 12 months of customer history, generally 20+ enterprise customers or 200+ SMB customers. Rational burn profile, up to 50% of revenue at close, scaling down. Capital need of up to $1.5M over next 12 months
Thesis: We make fast, data-driven credit decisions for these types of businesses and show Founders how the math/ROI works. We’re currently evaluating about 20 companies a month and issuing term sheets to 25% of them; those that fit our investment criteria. We’re also regularly following-on for existing portfolio companies.
9. Colorado Impact Fund
About: The Colorado Impact Fund (CIF) is a Denver-based venture capital firm investing in Colorado companies with high-growth, scalable business models and a commitment to make their community better. CIF was created to support a growing entrepreneurial and impact ecosystem throughout the state of Colorado. CIF manages approximately $80 million of private capital with the Colorado Impact Fund I and the Colorado Impact Bridge Fund.
10. UpSlope
About: Formerly Galvanize Ventures, Upslope Ventures is an early stage venture capital fund that invests in startups across the country. We believe exceptional teams can originate from any location. We provide more than capital and introductions. By leveraging our network we aim to empower entrepreneurs with the resources they need to have their best chance at success - even if we don’t invest.
Thesis: We invest in all catagories, some of which are: SaaS, Hardware/IOT, Mobile, AI, Consumer, E-Commerce, Content, FinTech, Aerospace, Marketplace, AdTech, Robotics, Medical Device, Virtual Reality, and Data Science.
Key Industries Thriving in Denver
A diverse range of thriving industries characterizes Denver's economy, each contributing significantly to the region's growth and innovation.
Technology & SaaS
Denver has established itself as a prominent hub for technology and SaaS companies. The city's favorable business environment and skilled workforce have attracted numerous tech startups and established firms. The IT-Software sector in Metro Denver is experiencing a surge, driven by a growing remote workforce and high quality of life.
Clean Energy & Sustainability
Colorado's abundant natural resources make it an ideal location for energy innovation and research. The state serves as a laboratory for advancements in renewable energy, strongly emphasizing sustainability. Metro Denver's energy and natural resources industry is robust, supporting a significant workforce and contributing to the region's economic vitality.
Life Sciences & Biotech
Denver's bioscience industry thrives on collaboration and entrepreneurial spirit, fostering innovation in healthcare and biotechnology. The region's commitment to health and wellness is evident, with Colorado consistently ranking as one of the healthiest states in the U.S. This focus has led to a dynamic healthcare and wellness industry in Metro Denver.
Aerospace & Defense
Colorado boasts the nation's second-largest aerospace economy, with a high concentration of major space contractors and suppliers. The state's strategic location and educated talent pool have made it a leader in aerospace employment. Colorado's aerospace ecosystem is the global leader, ranking #1 per capita in aerospace employment, with over 2,000 aerospace businesses directly employing over 55,000 individuals.
Notable Denver Startups That Secured Funding
Denver's startup ecosystem has witnessed remarkable success stories, with several companies securing substantial funding from prominent venture capital firms. Here are some notable examples:
Guild Education
A leading education platform that partners with employers to offer debt-free degrees to workers, Guild Education achieved unicorn status in 2019.
The company has attracted investments from firms such as Bessemer Venture Partners, GV (formerly Google Ventures), and ICONIQ Capital.
Ibotta
A cashback rewards app that provides users with real cash back on everyday purchases, Ibotta has secured significant venture backing, including a $85 million Series D funding round in 2017 led by Koch Disruptive Technologies.
Outrider
An autonomous truck startup specializing in automating yard operations for logistics hubs, Outrider secured $62 million in Series D funding in October 2024. The round was led by Koch Disruptive Technologies and New Enterprise Associates, bringing its total funds raised to over $250 million.
AMP Robotics
A company that develops AI-powered robotics systems for recycling facilities, AMP Robotics raised $91 million in a Series C funding round in 2021, with investments from XN, Valor Equity Partners, and GV.
Soona
A Denver-based photo and video studio startup, Soona raised $10.2 million in a Series A funding round in 2021, led by Union Square Ventures, to enhance its real-time content creation services for e-commerce clients.
Connect With Investors in Denver Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Denver investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Meet the Top VCs Investing in Seattle’s Thriving Startup Ecosystem
Seattle has become a vibrant hub for startups, driven by a combination of technological innovation, top-tier talent, and a supportive investment landscape. The city is home to global tech giants such as Amazon and Microsoft, which have helped establish a strong foundation for technology-driven entrepreneurship. Beyond the major corporations, Seattle boasts a highly educated workforce, with talent frequently emerging from the University of Washington and other prestigious institutions.
The city also benefits from a supportive infrastructure that includes startup accelerators like Techstars Seattle and coworking spaces such as The Cloud Room and The Pioneer Collective. Emerging innovation hubs in neighborhoods like South Lake Union and Pioneer Square have become focal points for the startup community, hosting a diverse mix of startups, venture capital firms, and creative workspaces. With these combined elements, Seattle continues to solidify its reputation as an ideal location for founders seeking to raise capital and build transformative companies.
This guide will explore the key elements of Seattle's startup landscape, from active VCs and strategic fundraising insights to overcoming challenges and leveraging regional advantages for success.
Top 10 Active VCs in Seattle
Madrona Venture Group
About: Madrona Venture Group has been investing in early-stage technology companies in the Pacific Northwest since 1995.
Thesis: Early Stage through the long run
Pioneer Square Labs
About: A seed and pre-seed venture capital fund based in Seattle, Washington.
Thesis: Investing in market-defining companies at Pre-Seed, Seed, and Series A
Flying Fish Partners
About: We are an early-stage venture firm based in Seattle investing in high-potential AI and ML technology companies across the U.S. and Canada.
We believe artificial intelligence and machine learning will disrupt every industry and are looking for the next generation of leaders in every field who are building companies with machine learning at the heart of their strategy.
Frazier Healthcare Partners
About: Since 1991, Frazier Healthcare Partners leverages the experience of its team of investment professionals, Center of Excellence, Senior Advisors and Executives in Residence to identify broader industry trends, develop specific investment theses, and then partner with accomplished industry executives to identify, acquire, and optimize businesses across healthcare. Within its Growth Buyout strategy, Frazier has invested over $2.7 billion in 44 portfolio companies across 10 investment vehicles. Frazier’s core values are based in integrity, performance, perseverance, transparency, empowerment, and social impact, and all six values drive how Frazier operates as a firm.
Keeler Investments
About: We invest between $100,000 -250,000 into Founder, Pre-Seed and Seed rounds, with substantial reserve for follow on. We like to play a supportive and engaged role to help a company early in its life, with a particular focus on connecting our portfolio company's to leading later stage investors up and down the West Coast.
Our primary focus is on software and services, both Enterprise and Consumer. That said, we have invested in non-software opportunities when the team and market present a compelling opportunity. We have recently begun investing in companies at the forefront of the "Environmental Economy" who are bringing new, sustainable and compelling solutions to the table.
Voyager Capital
About: Voyager Capital is a leading Pacific Northwest venture firm providing entrepreneurs with the resources, experience and connections to build successful technology companies. Voyager leads first venture round investments in software, analytics and cloud infrastructure startups, deploying the firm's domain expertise, go-to-market and team building resources help build market leaders. The firm has offices in Seattle, Washington and Portland, Oregon."
Thesis: With a focus on investing in the modern economy through AI-driven business solutions, software-driven hardware, sustainable agriculture, and supply chain in the Pacific Northwest and Western Canada, we create a relationship with you early in your company’s lifecycle. We’re entrepreneur centric — so when we invest in your business, we invest in you. Our team is available, responsive and committed to you when and where you need it — from your very first venture round. The result is fast-tracked time to revenue with less capital.
Tola Capital
About: Tola Capital is a venture capital firm that invests globally in enterprise software companies across multiple stages.
Thesis: We look for software companies with essential products for enterprise customers, a solid existing customer base, a strong competitive position, and great talent and culture. Tola Capital invests predominantly in early stage enterprise software companies.
Ignition Partners
About: Ignition Partners, a dedicated early-stage enterprise software venture capital firm, invests based on decades of operating experience and enterprise relationships. We have lived through the transitions from mainframe to mini to PC to cloud. We are the only firm operating with significant footprints in both Seattle and Silicon Valley, and our network has a global reach.
Maveron
About: Maveron funds seed and Series A companies that empower consumers to live on their terms. Based in SF and Seattle and invest coast-to-coast.
Thesis: Maveron funds seed and Series A companies that empower consumers to live on their terms. Based in SF and Seattle and invest coast-to-coast.
Founders’ Co-op
About: Founders' Co-op is a seed-stage investment fund based in the Pacific Northwest.
Thesis: We are proud supporters of the unique innovation ecosystem that thrives across the entire region and are on a mission to power and enable founders with that pioneer mentality.
Seattle’s Fundraising Landscape
Seattle’s fundraising landscape is dynamic and rich with opportunities, making it an attractive destination for early-stage startups seeking capital. The city's blend of established tech giants, a growing network of venture capital firms, and a culture of innovation create a supportive environment for entrepreneurs.
Building Local Relationships
Networking is a cornerstone of Seattle’s startup community. Founders can benefit from engaging in local events such as New Tech Seattle, TechCon 365, and more, which can be found on GeekWire. Accelerators like Techstars Seattle and the WTIA Founder Cohort Fund also provide structured opportunities to build relationships and gain valuable insights.
Leverage Regional Expertise
Many investors in Seattle focus on industries where the region excels, such as enterprise SaaS, e-commerce, AI, and clean energy. Startups aligning their pitches with these sectors can increase their chances of securing investment. Leveraging Seattle’s tech-driven identity can be a key differentiator for founders seeking funding.
Understand Seattle's VC Landscape
Seattle's VC ecosystem is heavily oriented towards early-stage investments, with firms like Madrona and Flying Fish Partners frequently backing local startups. However, many Seattle-based VCs also have strong connections to larger Silicon Valley firms, allowing startups to tap into broader networks for later-stage funding when scaling.
Advantages for Fundraising and Running a Successful Startup in Seattle
Talent Availability for Fundraising and Execution
Seattle benefits from a deep pool of experienced founders and advisors, many of whom hail from leading companies like Amazon, Microsoft, and Zillow. These seasoned professionals often mentor and invest in local startups, offering valuable guidance and connections. The University of Washington also contributes significantly, providing a steady stream of tech-savvy talent and access to cutting-edge research, which is a key selling point for VCs.
Strategic Focus Areas for Investors
Seattle VCs often specialize in tech-heavy sectors such as SaaS, cloud computing, and machine learning, creating targeted funding opportunities for startups in these areas. Investors are also increasingly interested in sustainability, clean energy, and biotech, aligning with global market trends. Many funds emphasize mission-driven and socially responsible investments, reflecting the city’s progressive ethos.
Cost-Effective Compared to Other Major Hubs
While Seattle isn’t the cheapest city for startups, it remains more cost-effective than hubs like Silicon Valley. Lower operational costs allow founders to stretch funding further while maintaining high-quality operations. Seattle investors also tend to favor capital-efficient businesses with lean operations, aligning with the city’s pragmatic approach to entrepreneurship.
Challenges Seattle Startups Might Face and How to Overcome Them
Competition for Talent
Seattle’s booming tech sector, anchored by giants like Amazon and Microsoft, creates intense competition for top talent. Startups can address this challenge by offering unique perks such as flexible work environments, equity opportunities, and a focus on mission-driven work that appeals to younger professionals. Engaging with university programs and internship pipelines, especially from the University of Washington, can also help startups attract emerging talent.
Limited Late-Stage Funding
While Seattle is strong in early-stage funding, later-stage capital can be harder to secure locally. Founders seeking growth-stage funding may need to build connections with Silicon Valley or East Coast investors. Attending national investor conferences, participating in cross-regional pitch events, and leveraging introductions from local early-stage investors can help bridge this gap.
Navigating a Smaller Investment Pool
While Seattle offers high-quality investors, the overall investment pool is smaller than larger hubs like New York or the Bay Area. To mitigate this, founders should focus on developing strong relationships with local investors and actively seek co-investment opportunities with out-of-state firms to diversify their funding sources.
Connect With Investors in Seattle Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Seattle investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top Venture Capital Firms in California Funding Startups
California is home to one of the most dynamic startup ecosystems in the world, attracting a diverse range of venture capital firms that support innovation across industries such as technology, healthcare, climate tech, and entertainment. From the global tech hub of Silicon Valley to the creative energy of Los Angeles and the biotech strength of San Diego, the state's VC landscape offers founders unparalleled access to capital, mentorship, and resources. In this article, we’ll highlight some of California's top venture capital firms.
Top Venture Capitalists in California
Silicon Valley
1. Khosla Ventures
About: At KV, we fundamentally like large problems that are amenable to technology solutions. We seek out unfair advantages: proprietary and protected technological advances, business model innovations, unique approaches to markets, different partnerships, and teams who are passionate about a vision.
Notable Investments: Square, DoorDash, Impossible Foods.
2. Redpoint Ventures
About: Redpoint Ventures partners with visionary founders to create new markets or redefine existing ones at the seed, early and growth stages.
Notable Investments: Netflix, Stripe, Snowflake.
3. Sapphire Ventures
About: Sapphire Ventures is a venture capital firm that focuses on helping technology companies. Entrepreneurs build successful and lasting internet companies. We invest in all stages, all sectors in Asia, US and Israel.
Notable Investments: LinkedIn, Box, Square.
4. Social Capital
About: Social Capital’s mission is to build the future. We do this by identifying emerging technology trends, partnering with entrepreneurs that are trying to solve some of the world's hardest problems and help them build substantial commercial and economic outcomes. Our returns have placed us among the top technology investors in the world and act as a signal that we have generally been on the right track.
Notable Investments: Slack, Box, Yammer.
5. Lightspeed Venture Partners
About: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors.
Notable Investments: Snapchat, Nest, Grubhub.
6. Benchmark Capital
About: Benchmark Capital is focused on one, and only one, mission: to help talented entrepreneurs build great technology companies. That's what drives them and everything they do - from how they organize their firm to their investment strategy. Their investments range in size from as little as $100,000 to as much as $10 or $15 million. Typically, they invest $3 to $5 million initially and expect to invest $5 to $15 million over the life of a company.
Notable Investments: eBay, Twitter, Uber, Instagram.
7. Greylock Partners
About: This venture capital firm invests in all stages, exclusively in consumer and enterprise software companies. It led the Series B round for both Facebook and Linkedin.
Notable Investments: LinkedIn, Airbnb, Dropbox.
8. Accel
About: Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Braintree, Cloudera, CrowdStrike, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, FreshWorks, Jet, Qualtrics, Slack, Spotify, Supercell, UiPath and Vox Media are among the companies the firm has backed over the past 35 years.
Notable Investments: Facebook, Slack, Spotify.
9. GV (formerly Google Ventures)
About: The VC arm of Alphabet (Google’s parent) investing in the fields of life science, healthcare, artificial intelligence, robotics, transportation, cyber security, and agriculture. It was the most active CVC in 2017.
Notable Investments: Uber, Nest, Medium.
10. Menlo Ventures
About: We are investors and company builders—we know what it takes to turn a budding idea into a scalable business. We work with early-stage founders to find product-market fit, develop go-to-market strategies, scale their organizations, and support them as they grow.
Notable Investments: Uber, Roku, Siri.
11. Bessemer Venture Partners
About: Bessemer Venture Partners is the world's most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth.
Notable Investments: LinkedIn, Shopify, Yelp.
Los Angeles
12. Upfront Ventures
About: We invest primary in the US but have a 20-year history of funding companies in Europe. Our managing partners (Yves Sisteron & Mark Suster) are both dual citizens of France & UK respectively. Kevin Zhang funds games companies and looks in Sweden, Finland, UK and beyond. And locally Julien Etaix is based in Paris and open to talking with anybody on the continent.
Notable Investments: Ring, TrueCar, Maker Studios.
13. Act One Ventures
About: Seed stage fund focused on enterprise software and research from LA Universities. We believe in community, diversity, and Los Angeles.
Notable Investments: AuditBoard, Finix, Tapcart, Ordermark, Repeat.
14. LDR Ventures
About: LDR is a VC firm based in Los Angeles investing In Female & Minority Founders, Consumer Product, Food, E-Comm, Marketplaces & Legal Tech
Thesis: Female led and Los Angeles based, we consult to and invest primarily in female entrepreneurs at the Seed & Series A Stages.
Notable Investments: Sweetgreen, Thrive Market, Court Buddy, junzi, LawChamps.
15. TenOneTen Ventures
About: TenOneTen Ventures, a Los Angeles-based venture firm, invests in start-ups that apply data and technology to disrupt existing industries.
Thesis: TenOneTen Ventures is a Los Angeles-based venture firm that invests in underlying technologies that transform major industries.
Notable Investments: Mashgin, Tailscale, Alation, Procore, Scopely
16. Mucker Capital
About: MuckerLab is a venture capital firm specializing in incubation, pre-seed, seed, start up, early stage and Series A investments.
Thesis: We partner with exceptional entrepreneurs to provide their earliest institutional funding and work with them side-by-side to help launch and scale their new ventures.
Notable Investments: Honey, ServiceTitan, Surf Air.
San Diego
17. Tech Coast Angels
About: Tech Coast Angels is the largest angel investor group in the United States, possessing more than 300 members in five networks in Los Angeles, Orange County, San Diego, Central Coast, and the Inland Empire. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group.
Notable Investments: Procore Technologies, Mindbody, Green Dot Corporation, Sandpiper Networks, TrueCar
18. Spark Growth Ventures
About: Spark Growth Ventures is a community driven, early & mid stage, vertical-agnostic, technology venture capital firm. Our mission is to support gritty and exceptional founders in their missions by bringing forth the combined value of our strong community. We are fortunate to have a global network of entrepreneurs, C-level relationships, subject matter experts, world-class talent, institutional investors, high net worth individuals and family offices, many of who are investors in our platform. Our team has several decades of global experience in venture capital, entrepreneurship, innovation, executive & board management, functional leadership and advisory work.
19. Ganas Ventures
About: Ganas Ventures invests in pre-seed and seed Web 2 and Web 3 community-driven startups in the US and Latin America.
Thesis: Ganas Ventures invests in pre-seed and seed Web 2 and Web 3 community-driven startups in the US and Latin America. It's run by solo-GP Lolita Taub.
20. Lolita Taub
About: Lolita Taub is the Chief of Staff and interim Head of Sales at Catalyte, and a 2x TEDx speaker, with a venture capital and enterprise tech background. She is also Scout at Indie.VC, an investor at NextGen Venture Partners, an LP at Operator Collective and Portfolia’s Enterprise Fund; and a former VC at Backstage Capital and K Fund. Lolita holds over a decade of enterprise B2B software, hardware, and services sales experience at IBM, Cisco Systems and in Silicon Valley.
21. Qualcomm Ventures
About: Interested in anything wireless, but especially virtual reality, the internet of things, robotics, cloud, and wireless health.
Sacramento
22. Impact Venture Capital
About: Impact Venture Capital invests in early stage IT startups, with a focus on TMT, Civic Tech, Cyber Security, FinTech, and Data Analytics.
Thesis: Early Stage with a focus on AI & AI applied
23. Black Angel Tech Fund
About: Black Angel Tech Fund provides startup and early stage capital to companies.
Thesis: Investing in next generation innovators.
The Current Fundraising Climate in California
California remains dominant in the startup ecosystem, attracting substantial venture capital (VC) investments across various sectors. The state's dynamic economy and culture of innovation continue to make it a prime destination for entrepreneurs seeking funding.
Fundraising Trends in California
In the second quarter of 2024, deal count and total capital raised increased significantly compared to the first quarter. 1,287 funding rounds culminated in $20.9 billion in investments, marking the highest amount of VC cash invested in any quarter over the past year. This uptick suggests a rebound in market activity, indicating that the first quarter may have represented the low point, with expectations for stabilization or further growth in subsequent quarters.
Sectors Attracting the Most Investment
Several industries in California are currently experiencing significant investor interest:
Artificial Intelligence (AI): AI stands at the forefront, with startups in this sector receiving over $24 billion in funding to date. Advancements in generative AI, natural language processing, and machine learning applications are primary drivers of this investment surge.
Healthcare and Health Tech: Startups in healthcare secured over $11 billion in the first quarter of 2024, focusing on telemedicine, digital health, and biotechnology. This sector's growth reflects a broader trend towards integrating technology with healthcare services.
Biotechnology: Biotech companies continue to attract substantial investments, particularly those involved in research and development of innovative medical treatments and technologies. For instance, Arsenal Bio, a biotech firm, was among the top-funded startups in the third quarter of 2024.
Climate Tech: Despite facing fundraising challenges due to high interest rates and delays in federal support, certain climate tech companies have managed to secure funding. However, the sector has seen some companies, like Moxion Power and SunPower, file for bankruptcy, highlighting the volatility and risks associated with this industry.
Key Challenges and Opportunities in California's Fundraising Landscape
Navigating the fundraising terrain in California presents a unique set of challenges and opportunities for startup founders. Understanding these dynamics is crucial for effectively securing capital and positioning your venture for success.
Challenges
Cost of Doing Business
Expensive Ecosystem: Operating in California entails higher costs, including elevated expenses for rent, salaries, and general overhead. These financial demands can pressure startups to seek larger funding rounds to sustain operations.
Intense Competition Among Startups
High Volume of Startups: California's vibrant startup scene, particularly in hubs like Silicon Valley and Los Angeles, means founders must differentiate their ventures amidst a crowded and innovative market.
High Bar for Entry: Venture capitalists in the state often have access to numerous promising startups, leading to stringent expectations regarding traction, team credentials, and product uniqueness.
Focus on Metrics and Proof Points
Data-Driven Decisions: Investors prioritize clear evidence of market traction, robust unit economics, and significant growth potential before committing funds.
Expectations: Some investors may anticipate rapid growth trajectories or expansive market sizes, posing challenges for early-stage startups still refining their business models.
Opportunities
Access to World-Class Talent
Diverse Workforce: California's status as a global tech hub attracts top-tier talent across various disciplines, including engineering, marketing, and design, providing startups with a rich pool of skilled professionals.
Network Effects: The state's dense ecosystem of advisors, mentors, and specialized professionals fosters collaboration and accelerates growth for emerging companies.
Proximity to Leading Tech Hubs
Silicon Valley: As a global epicenter for innovation, Silicon Valley houses some of the world's most influential venture capitalists and tech companies, offering unparalleled access to resources and funding opportunities.
Los Angeles: With a rapidly expanding startup ecosystem, Los Angeles excels in media, entertainment, and consumer technology sectors, providing niche opportunities for startups in these industries.
San Diego: Renowned for its biotech and health tech innovations, San Diego offers specialized opportunities for startups in these sectors, supported by a strong network of research institutions and industry experts.
Vibrant Startup Ecosystem
Innovation Clusters: California boasts numerous accelerators, incubators, and co-working spaces that encourage collaboration and the exchange of ideas, fostering a supportive environment for startups.
Networking Opportunities: Regular events such as pitch competitions, conferences, and meetups provide founders with direct access to investors and industry leaders, facilitating valuable connections.
Diverse Investor Landscape
Broad Spectrum of Investors: The state hosts a wide range of investors, from angel investors to large venture capital firms, enabling startups to find suitable funding partners at various growth stages.
Focus on Disruption: California investors often seek bold, transformative ideas, making the region an ideal environment for startups with visionary goals aiming to challenge the status quo.
Major Venture Capital Hubs in California
California's expansive landscape hosts several prominent venture capital (VC) hubs with distinct characteristics and investment focuses. Understanding these regional nuances can help founders tailor their fundraising strategies effectively.
Silicon Valley
About: Silicon Valley is synonymous with technological innovation and entrepreneurship. It remains the epicenter of venture capital activity in the US, attracting significant VC investments.
Investor Focus: Silicon Valley investors predominantly target technology-driven sectors, including software, hardware, artificial intelligence, and biotechnology. Firms such as Sequoia Capital and Andreessen Horowitz/ a16 are notable players in this region.
Los Angeles
About: Los Angeles has emerged as a thriving startup ecosystem, excelling in media, entertainment, and consumer technology. The city's diverse cultural landscape and proximity to the entertainment industry provide unique opportunities for startups in these sectors.
Investor Focus: VCs in Los Angeles often concentrate on startups at the intersection of technology and entertainment, including digital media, gaming, and content creation platforms. The region also sees investments in e-commerce and health tech.
San Diego
About: San Diego is renowned for its strong biotechnology and life sciences sectors, supported by a robust network of research institutions and universities. This foundation has cultivated a specialized startup ecosystem focused on health tech and biotech innovations.
Investor Focus: Investors in San Diego primarily seek opportunities in biotechnology, pharmaceuticals, and medical devices, leveraging the region's research capabilities and talent pool. Recent investments have been directed towards companies developing novel therapeutics and healthcare solutions.
Sacramento
About: As the state capital, Sacramento's startup scene is growing, focusing on sustainability, agriculture technology (AgTech), and government technology (GovTech). The city's proximity to state government agencies offers unique opportunities for startups in regulatory tech and public sector solutions.
Investor Focus: VCs in Sacramento often focus on AgTech, clean energy, and GovTech startups, aligning with the region's economic strengths and policy landscape. Investments are geared towards companies addressing environmental challenges and enhancing governmental operations.
Regional Differences in Investor Approach
Deal Size and Stage: Silicon Valley typically sees larger deal sizes and a higher concentration of late-stage investments, reflecting the maturity of its startup ecosystem. In contrast, regions like Sacramento may have more early-stage funding opportunities, catering to nascent startups.
Sector Specialization: While Silicon Valley maintains a broad tech focus, regions like San Diego exhibit deep specialization in biotech and Los Angeles in media and entertainment tech. Founders should align their sector focus with each region's strengths to attract suitable investors.
Investment Philosophy: Investor expectations can vary by region. Silicon Valley investors may prioritize rapid scalability and disruptive potential, whereas investors in other regions might focus on sustainable growth and sector-specific innovations.
Connect With Investors in California Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of California investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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founders
Fundraising
Top Venture Capitalists in the United States
The United States has long been a global hub for innovation, driven by a thriving ecosystem of venture capital (VC) firms that empower startups to scale and succeed. From Silicon Valley to New York City, the nation's VCs provide more than just capital- they offer mentorship, strategic support, and vast networks that help founders navigate the complex journey of building world-class companies.
This article spotlights some of the most active and influential venture capital firms in the US, each bringing unique philosophies and investment approaches to the table. Whether you're a founder seeking early-stage backing or a growth-stage startup looking for significant capital, understanding the strengths and focus areas of these firms can help you identify the right partners to fuel your entrepreneurial ambitions.
Top Active VCs in the United States
General Catalyst
About: General Catalyst backs exceptional entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. The General Catalyst team leverages its broad experience to help founders build extraordinary companies. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City.
Sweetspot check size: $ 30M
Thesis: General Catalyst is a venture capital firm that makes early-stage and growth equity investments.
Andreessen Horowitz/ a16z
About: Andreessen Horowitz was established in June 2009 by entrepreneurs and engineers Marc Andreessen and Ben Horowitz, based on their vision for a new, modern VC firm designed to support today's entrepreneurs. Andreessen and Horowitz have a track record of investing in, building and scaling highly successful businesses.
Sweetspot check size: $ 25M
Thesis: Historically, new models of computing have tended to emerge every 10–15 years: mainframes in the 60s, PCs in the late 70s, the internet in the early 90s, and smartphones in the late 2000s. Each computing model enabled new classes of applications that built on the unique strengths of the platform. For example, smartphones were the first truly personal computers with built-in sensors like GPS and high-resolution cameras. Applications like Instagram, Snapchat, and Uber/Lyft took advantage of these unique capabilities and are now used by billions of people.
Tiger Global Management
About: Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries.
Sweetspot check size: $ 50M
Thesis: Our mission is to generate world-class investment returns over the long term. We aspire to do so in a way that makes our partners and portfolio companies proud, as we build a unique, global investment platform.
SOSV
About: SOSV is a venture capital firm providing multi-stage investment to develop and scale their founders' big ideas for positive change.
Sequoia Capital
About: Sequoia is a VC firm focused on energy, financial, enterprise, healthcare, internet, and mobile startups.
Sweetspot check size: $ 15M
Thesis: We partner early. We’re comfortable with the rough imperfection of a new venture. We help founders from day zero, when the DNA of their businesses first takes shape.
Lightspeed Venture Partners
About: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors.
Sweetspot check size: $ 30M
Thesis: The future isn’t built by dreamers. It’s built today, by doers.
Index Ventures
About: They are an international venture capital firm based in London, San Francisco and Geneva
Sweetspot check size: $ 30M
Thesis: Other firms invest in deals, Index invests in people. A deal is transactional. Relationships endure, and ours are based on curiosity, thoughtfulness, and deep conviction.
Greylock Partners
About: This venture capital firm invests in all stages, exclusively in consumer and enterprise software companies. It led the Series B round for both Facebook and Linkedin
Sweetspot check size: $ 30M
Bessemer Venture Partners
About: Bessemer Venture Partners is the world's most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Fiverr, Wix, and MindBody. Bessemer's 16 investing partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India. Follow @BessemerVP and learn more at bvp.com.
Sweetspot check size: $ 15M
Kleiner Perkins
About: Kleiner Perkins is a venture capital firm specializing in investing in early-stage, incubation, and growth companies.
Sweetspot check size: $ 10M
Thesis: To be the first call for founders who want to make history and to partner with them as company builders in pursuit of that goal.
Accel
About: Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Braintree, Cloudera, CrowdStrike, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, FreshWorks, Jet, Qualtrics, Slack, Spotify, Supercell, UiPath and Vox Media are among the companies the firm has backed over the past 35 years.
Sweetspot check size: $ 10M
Thesis: We partner with exceptional founders with unique insights, from inception through all phases of growth.
Union Square Ventures
About: Union Square Ventures is a venture capital firm focused on early-stage, growth-capital, late stage, and startup financing.
Thesis: USV backs trusted brands that broaden access to knowledge, capital, and well-being by leveraging networks, platforms, and protocols.
Insight Partners
About: Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO.
Sweetspot check size: $ 50M
Thesis: We support companies in good times, as well as challenging ones.
Benchmark
About: Benchmark Capital is focused on one, and only one, mission: to help talented entrepreneurs build great technology companies. That's what drives them and everything they do - from how they organize their firm to their investment strategy. Their investments range in size from as little as $100,000 to as much as $10 or $15 million. Typically, they invest $3 to $5 million initially and expect to invest $5 to $15 million over the life of a company.
Sweetspot check size: $ 10M
New Enterprise Associates
About: New Enterprise Associates is a global venture capital firm investing in technology and healthcare.
Sweetspot check size: $ 25M
Options and Considerations for Founders Fundraising in the US
The United States offers a diverse range of fundraising options for startups, each suited to different stages of growth, industries, and founder objectives. Understanding these options and the unique aspects of the US fundraising ecosystem can empower founders to make informed decisions and maximize their chances of success.
Fundraising Options
Venture Capital (VC)
Overview: VC firms provide capital in exchange for equity, typically focusing on high-growth startups with the potential for significant returns.
When to Consider: Ideal for startups with scalable business models and a proven product-market fit.
Key Differences in the US: US VCs are known for their willingness to take risks on early-stage companies compared to many international investors. They also offer extensive support networks, including mentorship and resources.
Related resource: Deal Flow: Understanding the Process in Venture Capital
Angel Investors
Overview: Individual investors who provide early-stage funding, often in exchange for convertible debt or equity.
When to Consider: Best for startups in the pre-seed or seed stage looking for smaller funding rounds and strategic guidance.
Key Differences in the US: US angel networks are highly organized, offering founders access to syndicates and platforms like AngelList, which streamline fundraising.
Related resource: How to Effectively Find + Secure Angel Investors for Your Startup
Crowdfunding
Overview: Platforms like Kickstarter, Indiegogo, and Wefunder allow startups to raise funds from a broad audience.
When to Consider: Suitable for consumer-facing products or startups seeking to validate demand while raising capital.
Key Differences in the US: The US has a mature crowdfunding ecosystem, supported by regulations like the JOBS Act, which allows equity crowdfunding.
Related resource: Understanding The 4 Types of Crowdfunding
Grants and Government Funding
Overview: Non-dilutive funding options provided by federal, state, or local governments for specific industries or initiatives.
When to Consider: A great choice for startups in sectors like clean energy, healthcare, or technology innovation.
Key Differences in the US: Programs like SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) are unique to the US, offering significant financial support without equity dilution.
Revenue-Based Financing
Overview: Startups receive capital in exchange for a percentage of future revenue until the investment is repaid.
When to Consider: Ideal for startups with predictable revenue streams that want to avoid equity dilution.
Key Differences in the US: Revenue-based financing is growing in popularity, with firms like Clearco and Pipe leading the way.
Family Offices
Overview: High-net-worth individuals or families investing directly in startups, often with flexible terms.
When to Consider: Best for startups seeking large checks with fewer constraints than traditional VC funding.
Key Differences in the US: Family offices in the US are highly active and often open to exploring niche industries or unconventional deals.
Corporate Venture Capital (CVC)
Overview: Investments from large corporations aiming to gain strategic benefits or insights into emerging markets.
When to Consider: Suitable for startups aligned with the strategic interests of the investing corporation.
Key Differences in the US: US CVCs, such as Pruven or JLL Spark, are some of the most active globally, often offering deep industry expertise and market access.
Related resource: Corporate Venture Capital vs Traditional VCs: Key Differences and Benefits
Key Considerations for US Fundraising
Market Focus
US investors tend to favor startups addressing large domestic or global markets. Founders should be prepared to demonstrate how their solution scales across diverse customer segments.
Due Diligence Standards
US fundraising often involves rigorous due diligence. Founders should ensure their financials, legal structures, and growth metrics are well-documented and readily available.
Networking and Warm Introductions
Personal connections carry significant weight in the US fundraising ecosystem. Leveraging networks, attending industry events, and securing warm introductions can substantially increase success rates.
Cultural Fit
US investors often prioritize founder-investor alignment on vision, values, and long-term goals. Open communication and transparency are crucial for building trust.
Connect with Investors in the US With Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of US investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
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