Fundraising Fox
BAG Ventures
Venture capitalActively deployingSan Francisco · Pre-Seed–Seed · 5 people tracked
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Investment thesis
BAG Ventures invests at pre-seed and seed stages in visionary founders building cutting-edge, AI-powered enterprise solutions. Its focus areas include AI data infrastructure, next-generation AI compute, physical and edge AI, AI-native security, agentic infrastructure and governance, and vertical service-as-software. The firm emphasizes deep operator DNA, framing itself as a partner rather than just a backer. It brings three core offerings — capabilities (go-to-market strategy, product roadmap, team building, leadership development), capital (fundraising support and investor introductions), and community (peer-to-peer learning, curated networking, and tech partnerships). Its founders and partners position themselves as investors, operators, and engineers with extensive big-tech and startup experience.
Source: firm website, verified Oct 24, 2026.
Team · 5 people
from the firm's website & curated
Bonita C. Stewart is a co-founder and Managing Partner of the Black Angel Group (BAG) Collective, a global network of 450+ tech operators who invest in early-stage startups. The BAG Collective, which grew out of a group of Googlers aiming to increase Black representation in angel investing, backs founders from seed through Series A and offers them intellectual, social, and financial capital. Stewart helps lead the organization's investing and operational strategy alongside fellow co-founders.
Claritza Jimenez is a communications and brand strategy leader with journalism experience at POLITICO, The Washington Post, and AP, and holds an MBA from Darden. At Paramount/CBS News, she directed brand storytelling for three flagship news programs reaching over 10 million weekly viewers, and at POLITICO, she led editorial and content strategy for a portfolio of 300+ live events over four years, including the inaugural AI Summit. She currently serves as Director of Marketing & Content Strategy at BAG Ventures.
Markus Stevenson is Founder and President of Society & Co., a firm that manages business portfolios for professional athletes and entertainers across performing careers, endorsements, ventures, content, intellectual property, and ownership opportunities. The company serves clients in the NBA, NFL, WNBA, NCAA, and entertainment sectors including music, film, and content creation. Stevenson previously held executive positions at SAP and ServiceNow, and leads a team with experience at organizations including Nike, Google, Goldman Sachs, ESPN, HBO, and Techstars.
What they invest in
from 5 of 11 portfolio companiesAI & Machine Learning ×5Enterprise Software ×3SaaS ×3Cloud Computing ×1Developer Tools ×1Fintech ×1HR Tech ×1Sales Tech ×1
HQs:United States×3
Investments · 11 tracked
founders shown can be your intro path
BizTrip AI is an AI travel agent that books complete business trips from a single natural-language sentence, handling flights, hotels, and policy compliance while monitoring fares to rebook at lower rates.
AI & Machine LearningEnterprise SoftwareSaaSTravel & Hospitality
Tom Romary(Founder and CEO)inAndrew Ng(Cofounder)inScott Persinger(Cofounder and CTO)in
Co-investorsAI FundCorrelation VenturesRRE Ventures
Cactus Compute provides an on-device AI runtime for speech, vision, and text models that automatically routes between on-device and cloud inference based on complexity and audio quality.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US
Roman Shemet(CEO)inHenry Ndubuaku(CTO)inRoman Shemet Henry Ndubuaku(Founder)
Co-investorsAntigravity CapitalEight CapitalTranspose Platform ManagementY CombinatorBatch VenturesBlast.Club+9 more
Gynger provides non-dilutive capital to startups to purchase software and infrastructure tools, combining financing with software procurement to help businesses manage cash flow without equity dilution or traditional lending requirements.
AI & Machine LearningFintechSaaSNew York, US
Mark Ghermezian(Founder)Eric Reiner(Director)
Co-investorsDeciensGradient Venturesm]x[v CapitalUpper90Velvet Sea VenturesVine Ventures+2 more
Papr offers Papr Work, a locally-run desktop application where users discover, customize, and run AI agent-powered apps that automate go-to-market workflows such as prospect research, CRM updates, outbound, meeting prep, and pipeline reporting.
AI & Machine LearningSaaSSales TechDublin, US
Shawkat Kabbara(Founder)in
Co-investorsTachles VCTechstarsThe E14 Fund
Sona is an AI workforce management platform that optimizes labor scheduling and cost reduction for large frontline organizations across hospitality, retail, and social care.
AI & Machine LearningEnterprise SoftwareHR Tech
BenOliSteffen Wulff Petersen(Founder)inBen Dixon(Founder)Oli Johnson(Founder)Ólafur Haukur Johnson(Founder)
Co-investorsAntlerFelicis VenturesGradient VenturesItalian Founders FundNext47Northzone+25 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
DefendermateGalvantKuddoLanaiNomadicSXD
Portfolio news
latest coverage across their companiesSona · finsmes.com · Apr 1, 2026
Cactus Compute · ycombinator.com · Jul 11, 2025
Frequently asked questions
- How many investments has BAG Ventures made?
- BAG Ventures has 11 tracked investments.
- What stage does BAG Ventures invest at?
- BAG Ventures invests at the Pre-Seed, Seed stages.
- What sectors does BAG Ventures focus on?
- BAG Ventures focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, Enterprise Software, SaaS.
- Where is BAG Ventures located?
- BAG Ventures is headquartered in San Francisco, US.
- Who does BAG Ventures co-invest with?
- BAG Ventures most often shares deals with Correlation Ventures, RRE Ventures, Tachles VC, among 10 tracked co-investors.
Images
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