Fundraising Fox
Caruso Ventures
Venture capitalColorado · Pre-Seed–Series B · 13 people tracked
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Investment thesis
Caruso Ventures aims to be the most catalytic technology investor in Colorado, aligning itself with the Innovation Vision for Colorado to make the state the most attractive innovation ecosystem in the world so that all Coloradans share in the resulting economic and cultural prosperity. The firm pursues a long-term, 20-year mission and backs companies across deep tech domains including quantum computing, aerospace and space technology, fintech, and AI. Its portfolio reflects a focus on frontier and hard-technology companies with the potential to strengthen Colorado's innovation economy.
Source: firm website, verified Sep 27, 2026.
Team · 13 people
from the firm's website & public directories
What they invest in
from 31 of 33 portfolio companiesDeep Tech ×12Hardware ×9Consumer ×6Media & Entertainment ×6Quantum Computing ×6SaaS ×5Defense Tech ×4Space Tech ×4
HQs:United States×25South Africa×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×142 founders×33 founders×2
Where their founders studiedfrom 19 founders with education data
The University of Chicago Booth School of Business ×4University of Colorado Boulder ×3Carnegie Mellon University ×2Massachusetts Institute of Technology ×2Stanford University Graduate School of Business ×2University of Arizona ×2University of Chicago ×2
What their founders studiedfrom 19 founders with field-of-study data
Engineering ×8Business & Management ×5Physics ×4Computer Science ×3Finance & Accounting ×3Politics & Policy ×2
Where their founders worked beforefrom 20 founders with career history
Jadu AR ×2OpenAtlas ×2
Accelerator rootsportfolio companies that came through a program
4 founders hold a PhD · 10 hold an MBA (of 21 with degree data)
Investments · 33 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 12024 · 32022 · 39 dated
Infleqtion builds neutral-atom quantum computers, precision quantum sensors, and related software, and works on integrated photonics to scale quantum systems.
Deep TechHardwareQuantum ComputingLouisville, US
Dana Anderson(Founder)inPranav Gokhale(Chief Technology Officer)inPaul Lipman(Chief Revenue Officer)inJason D. Hall(Chief Legal Officer)inIlan Hart(Chief Financial Officer)inMatthew J. Kinsella(Chief Executive Officer)in
Co-investorsBreakthrough VictoriaForma PrimeGlynn Capital ManagementIn-Q-TelMaverick VenturesS Ventures+5 more
Voyager Technologies builds defense and space systems, including solid-fuel and electric propulsion, energetics (the only U.S. provider of black powder), radiation-hardened space electronics, guidance and navigation systems, lunar and long-duration spaceflight infrastructure, and signals-intelligence/spectrum-dominance software.
Deep TechDefense TechSpace TechDenver, US
Dylan Taylor(Executive Officer, Director)inMatt Kuta(Executive Officer, Director)inFilipe De Sousa(Chief Financial Officer)Margaret Vernal(Chief Legal Officer, General Counsel and Secretary)inMatthew Magaña(President, Defense & National Security)Shoshanna Moody(Chief Administrative Officer)in
Co-investorsHemisphere Ventures LLCIndustrious VenturesIronGate Capital AdvisorsLunaCap VenturesRosecliff VenturesScout Ventures+2 more
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Agile Space Industries manufactures in-space chemical propulsion systems including thrusters and rocket engines for satellite and spacecraft operations.
Deep TechDefense TechHardwareSpace TechDurango, US
Daudi M. Barnes(Executive Officer, Director)inDavid Cuthbertson(COO)inChris Pearson(CEO)inWilliam Francis(CCO)inKris Schaa(CFO)Kristin Schaa(Executive Officer)in
Co-investorsCommunity Access FundCORI InnovationCortado VenturesGreater Colorado Venture FundGreenline Community Ventures, LlcHumans Of The Internet+4 more
Atom Computing develops large-scale quantum computers using optically-trapped neutral atoms for on-premises deployment.
Deep TechHardwareQuantum ComputingBerkeley, US
Ben Bloom(Founder & CEO)in
BoardDror Berman(Director)inEthan Batraski(Director)in
Co-investorsAbstract VenturesAlumni VenturesBerkeley FrontierBlue Ivy VenturesBoxGroupCantos Ventures+18 more
Bifrost Electronics develops miniaturized cryogenic hardware, including quantum-limited amplifiers, to help pack more qubits into a dilution refrigerator and scale quantum computers.
Deep TechHardwareQuantum Computing
Connor DenneyinLogan Pauliin
Co-investorsRange VC
BillGO operates BillGO Exchange, a payments platform that converts paper checks into digital payments and aggregates them into a single self-service portal for reconciliation.
FintechSaaSFort Collins, US
Daniel W. Holt(Executive Officer, Director)Kenneth Wayne Allen(Director)Scott M. Miller(Executive Officer, Director)Stephen R. Biddle(Director)
BoardPeter J. Kight(Director)inLarry Mazza(Director)
Co-investorsBankTech VenturesCohen CircleCommerce VenturesStructural Capital
Boom Supersonic develops supersonic aircraft and engines, including the Overture commercial airliner and the Symphony turbofan engine, targeting commercial aviation and advanced infrastructure applications.
Advanced ManufacturingDeep TechHardwareMobility & TransportationSpace TechCentennial, US
Blake Scholl(Founder & CEO)inJoshua Krall(Founder)inJoe Wilding(Founder)in
Co-investorsAccess Ventures (New York)Activant CapitalAlpha FundsAltra VentureAngel Collective Opportunity FundBessemer Venture Partners+56 more
Canopy Aerospace & Defense designs and manufactures specialized materials and components for aerospace, defense, and space applications, including composites, thermal protection systems, and machined parts.
Deep TechDefense TechNew MaterialsSpace TechChicago, US
Co-investorsFulcrum VentureIndustrious VenturesSprint VcTechstars
Chamba is an on-demand staffing platform that connects businesses with gig workers for short-term, seasonal, and long-term employment needs across hospitality and general labor roles.
B2B MarketplacesFuture of WorkHR TechWestminster, US
David Brogan(Executive Officer, Director, Promoter)
BoardJohn McCrea(Director)
Co-investorsTechstarsThe Colorado Impact Fund
Exum develops the Massbox, a laser ablation laser ionization (LALI) analytical instrument for scientific labs that improves ionization efficiency and ease of use.
Deep TechHardwareNew MaterialsDenver, US
Michael A Minyard(Executive Officer)inJames Thorson(Executive Officer, Director)Jeffrey Williams(CEO/CTO)inStephen Strickland(Director)
BoardPaul Giovacchini(Director)Doug Campbell(Director)
Co-investorsBand of AngelsCortado VenturesFortySix Venture CapitalHouston Angel Network
Firefly operates a network of digital advertising screens on vehicles including car top displays and branded wraps on taxis and rideshare vehicles, delivering geo-targeted and contextually relevant messages to urban audiences across 60,000+ screens in the U.S. and 7 countries globally.
AdTechMarketing TechMarketplacesMedia & EntertainmentMobility & TransportationNew York City, US
Kaan Gunay(Co-Founder and CEO)inOnur KardeşlerSteve Cymerman
Co-investorsNFX500 Emerging Europe500 GlobalChesterfield Funde2vcMaC Venture Capital+8 more
FreshX provides a platform for booking temperature-controlled (reefer) less-than-truckload (LTL) freight, connecting shippers and freight brokers with a network of refrigerated carriers across the US.
B2B MarketplacesLogistics & Supply ChainChicago, US
Clay Curran(Cofounder)in
Co-investorsDorm RoomTechstarsValor Equity PartnersLongJump VenturesOCA VenturesOrigin Ventures
Guest House provides home staging and pre-listing styling services for real estate agents and sellers, offering pay-at-close pricing where fees come out of sale proceeds.
B2B MarketplacesPropTechDenver, US
Co-investorsBreak Trail VenturesRange VCService Provider CapitalV1 VCDenver VenturesLudlow Ventures+1 more
Language IO offers an AI-powered translation platform for multilingual customer support operations, allowing teams to serve customers across additional languages.
AI & Machine LearningEnterprise SoftwareSaaSCheyenne, US
Heather Shoemaker(Founder & CEO)in
BoardALEX MUROMCEW(Director)inROBERT DAVOLI(Director)inTUOMO VUOLTEENAHO(Director)TOM AXBEY(Director)RENATO BENINATTO(Director)in
Co-investorsJoint EffectsGutbrain VenturesOmega Venture PartnersRaptor GroupService Provider Capital
Maybell Quantum designs and manufactures dilution refrigerators for quantum computing and research, offering systems that reach base temperatures below 10mK with front-opening access and self-regenerating helium traps.
Deep TechHardwareQuantum ComputingDenver, US
Corban Israel Tillemann-Dick(Executive Officer, Director)Bryan Choo(Executive Officer, Director)in
BoardChristopher Darby(Director)Mary K. Bush(Director)
Co-investorsCerberus VenturesDecisive PointIn-Q-TelThe E14 FundAdditionLavrock Ventures
Mindful Care provides mental health services, offering information and treatment for conditions such as bipolar disorder.
Digital HealthHealthtechMental HealthWest Hempstead, US
Tamir Aldad(Executive Officer, Director)inChris Lozynski(Executive Officer)inRam Pardeshi(Executive Officer)
BoardMark Groner(Director)
Noctal builds AI-powered sound design software that analyzes video footage, identifies sound events, and automatically places matching effects from a library of over 200,000 human-recorded sounds.
AI & Machine LearningMedia & EntertainmentSaaSLos Angeles, US
Isaiah Chavous(Executive Officer, Director)inJames Paul(Executive Officer, Director)in
BoardDaniel Caruso(Director)
Outside, Inc. operates a portfolio of digital and print media brands focused on outdoor sports, fitness, and wellness.
ConsumerMedia & EntertainmentSports TechBoulder, US
Co-investorsImagination CapitalJAZZ Venture PartnersNext VenturesProgress VenturesService Provider Capital
Payload is an open-source Next.js backend platform serving developers and marketers who need flexibility beyond traditional content management systems.
Cloud ComputingDeveloper ToolsEnterprise SoftwareSaaSGrand Rapids, US
James Mikrut(Founder)inElliot DeNolf(Founder)inDan Ribbens(Founder)inRyan Rybolt(Executive Officer, Director)inIan Halpern(Executive Officer, Director)
BoardPatricia Felts(Director)
Co-investorsExceptional CapitalGradient VenturesGrand VenturesY CombinatorAndreessen HorowitzBaillie Gifford+9 more
Pippin Title is a nationwide title search company that combines proprietary technology with a network of ground searchers to deliver residential, commercial, and energy (oil & gas, cell tower, wind turbine, agricultural) title searches.
LegalTechPropTechSaaSNew York City, US
Bharat Das(CEO)
Co-investorsDas & Co.DeciensFairhaven Capital PartnersIneffable Ventures
Radia is developing the WindRunner, an aircraft designed to carry oversized cargo—with roughly 10x the volume of a 777 and the ability to land on unpaved runways—for energy, defense, and other large cargo applications.
Defense TechEnergy
Mark Lundstrom(Founder & CEO)in
Co-investorsGood Growth CapitalLauder Partners
Resonance is a deep-tech market intelligence holding company that owns and operates intelligence platforms, advisory practices, and media brands focused on quantum technologies, artificial intelligence, and the commercial space economy.
Data & InfrastructureDeep TechQuantum Computing
Co-investorsInnovative Solutions CanadaMEDINA VENTURESCraft VenturesFika VenturesThird Prime
Sweepsouth is a home services marketplace platform connecting customers with independent household service professionals in South Africa.
Future of WorkMarketplacesPropTechSouth Africa, ZA
BoardAisha Pandor
Co-investors500 GlobalAlitheia CapitalE4E AfricaNewtown PartnersAlitheia IDFEndeavor Catalyst+2 more
Toters is an on-demand delivery platform that connects customers with partner stores to deliver goods directly to their doorstep across multiple cities.
ConsumerLogistics & Supply ChainMarketplaces
Co-investorsBY Venture PartnersPhoenician VC
Tovala provides prepared meals delivered weekly that are cooked in a proprietary WiFi-connected smart oven, requiring minimal preparation and cooking time.
ConsumerFoodTechHardwareIoTChicago, US
David Rabie(Founder/CEO)in
Co-investorsBeringeaComcast VenturesDYDX CapitalEvolution VC PartnersFJ LabsGFR Fund+22 more
Vescent develops photonics and quantum hardware, including frequency combs, lasers, controllers, and optical atomic clocks, along with laser stabilization and cold atom science solutions.
Deep TechHardwareQuantum ComputingGolden, US
SCOTT DAVIS(CHIEF EXECUTIVE OFFICER)inScott Davis(CEO & Co-Founder)inMike Anderson(Founder)inSCOTT ROMMEL(COO & Co-Founder)inMARK WIPPICH(Director)
Co-investorsMassive
Volumetric Biotechnologies, acquired by 3D Systems in 2021, develops bioprinting materials and vascularized human tissue constructs.
BiotechDeep TechHealthtechMedical DevicesHouston, US
Jordan Miller(Co-Founder and President)inBagrat Grigoryan(Co-Founder, COO)in
Co-investorsGoAhead VenturesHarmonix FundHelios CapitalJoyance PartnersJude GomilaMethuselah Foundation+21 more
VUZ operates an immersive video streaming platform offering 360-degree and virtual reality access to live events, sports, entertainment, celebrities, and masterclasses.
ConsumerMedia & EntertainmentLos Angeles, US
Khaled Zaatarah(Founder)in
Co-investors500 GlobalOraseya CapitalShorooq PartnersDubai Future District FundFaith CapitalImpact46
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Zayo provides network infrastructure and services, with 2024 investments focused on network expansion and service excellence.
Cloud ComputingData & InfrastructureEnterprise SoftwareBoulder, US
Dan Caruso(Founder)in
Co-investorsBattery VenturesCharlesbank Capital PartnersColumbia CapitalNorth Atlantic CapitalOak Investment Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Spiridellis Bros StudiosStealth Space Company
Exits · 4
2 IPOs · 2 acquisitions · showing 3InfleqtionNYSE: INFQVoyager SpaceNYSE: VOYGVolumetricacq. by 3D Systems
Portfolio news
latest coverage across their companies
Boom Supersonic · ipo.club · Sep 14, 2026
Atom Computing · finsmes.com · Jun 16, 2026
Zayo Group · zayo.com · Apr 24, 2026
Frequently asked questions
- How many investments has Caruso Ventures made?
- Caruso Ventures has 33 tracked investments, 4 of which have exited, including 4 dated in the last 24 months.
- What stage does Caruso Ventures invest at?
- Caruso Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
- What is Caruso Ventures's typical check size?
- Caruso Ventures typically writes checks of $500K – $2.5M.
- What sectors does Caruso Ventures focus on?
- Caruso Ventures focuses on AI & Machine Learning, Data & Infrastructure, Deep Tech, Defense Tech, Fintech, Hardware, Media & Entertainment, Mobility & Transportation, PropTech, Quantum Computing, Sector Agnostic, Space Tech.
- Where is Caruso Ventures located?
- Caruso Ventures is headquartered in Colorado, US.
- Does Caruso Ventures lead rounds?
- Yes, Caruso Ventures leads investment rounds.
- Who does Caruso Ventures co-invest with?
- Caruso Ventures most often shares deals with Industrious Ventures, Service Provider Capital, FJ Labs, among 141 tracked co-investors.
Media · Podcasts & interviews
featuring the teamDan Caruso, '90, founder of Caruso Ventures - Distinguished Speaker Series
The University of Chicago Booth School of Business · Dan Caruso
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