Caruso Ventures
Venture capitalBoulder · Pre-Seed–Series B · 14 people tracked
Investment thesis
Caruso Ventures aims to be Colorado's most catalytic technology investor, with a twenty-year mission to establish Colorado as the world's leading innovation ecosystem. The firm invests directly in promising Colorado tech entrepreneurs, prioritizing earlier-stage deals and taking active governance roles in portfolio companies. It concentrates on sectors where Colorado holds natural strengths — quantum, space, defense tech, and digital infrastructure — and treats capital formation as a core vertical. Beyond investing, CV works to attract outside capital into Colorado companies and to build a broad ecosystem through collaboration with universities, accelerators, co-investors, and community partners, using storytelling platforms to spotlight the region's innovators.
Source: firm website, verified Aug 7, 2026.
Team · 14 people
from the firm's website & public directories
What they invest in
from 27 of 31 portfolio companiesDeep Tech ×11Hardware ×11Consumer ×6Defense Tech ×5Quantum Computing ×5Media & Entertainment ×4Space Tech ×4AI & Machine Learning ×3
HQs:United States×20
Investments · 31 tracked
founders shown can be your intro pathBy year:2026 · 22024 · 13 dated
Infleqtion develops quantum-enabled hardware and AI-powered products for positioning, navigation, and timing (PNT), including optical atomic clocks, quantum sensing, and quantum computing, serving commercial organizations and government/defense customers.
Deep TechDefense TechHardwareQuantum ComputingLouisville, US
Dana Anderson(Founder)Pranav Gokhale(Chief Technology Officer)inPaul Lipman(Chief Revenue Officer)inJason D. Hall(Chief Legal Officer)Ilan Hart(Chief Financial Officer)inMatthew J. Kinsella(Chief Executive Officer)
Co-investorsBreakthrough VictoriaForma PrimeGlynn Capital ManagementIn-Q-TelS VenturesS32+4 more
Voyager is a space company that recruits full-time staff and interns to work on space-related products and missions.
Deep TechDefense TechSpace TechDenver, US
Dylan Taylor(Executive Officer, Director)Matt Kuta(Executive Officer, Director)Cheryl Shavers(Director)Alan Stern(Director)Marian Joh(Director)William Shelton(Director)
Co-investorsHemisphere Ventures LLCIndustrious VenturesIronGate Capital AdvisorsLunaCap VenturesRosecliff VenturesScout Ventures+1 more
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)David Cuthbertson(COO)Chris Pearson(CEO)William Francis(CCO)Kris Schaa(CFO)Kristin Schaa(Executive Officer)
Co-investorsCORI InnovationCortado VenturesGreenline Community Ventures, LlcDenver VenturesGreater Colorado Venture FundLockheed Martin Ventures+1 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 VenturesBerkeley FrontierBlue Ivy VenturesBoxGroupCantos VenturesDCVC (Data Collective)+15 more
Bifrost Electronics develops a new generation of traveling wave parametric amplifiers, including its "Heimdall" non–Josephson-Junction amplifier built on a patented strontium titanate platform, aimed at low-noise amplification in the quantum readout chain.
Deep TechHardwareQuantum Computing
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 TechHardwareSpace TechCentennial, US
Blake Scholl(Founder/CEO)in
Co-investorsActivant CapitalAltra VentureAngel Collective Opportunity FundBessemer Venture PartnersDraper AssociatesElectric Capital+23 more
Boom develops supersonic aviation technology, including Overture, a supersonic airliner with orders from United, American, and Japan Airlines, and Symphony, a turbofan engine built for supersonic flight.
Deep TechHardwareMobility & Transportation
Blake Scholl(Founder)
Co-investorsDenver VenturesDraper AssociatesE15Industrious VenturesKima VenturesOlive Tree Capital+9 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 VentureSprint 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)James Thorson(Executive Officer, Director)Jeffrey Williams(Executive Officer, Director, Promoter)Stephen 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 TechMarketplacesMobility & Transportation
Kaan Gunay(Founder)in
Co-investorsNFX500 Emerging EuropeChesterfield FundMaC Venture CapitalMultiplier CapitalMuse Capital+6 more
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 VenturesV1 VCDenver VenturesRange VC
Language IO offers an AI-powered real-time translation platform that plugs into existing customer support systems (CRM, browser) to let agents communicate with customers in 150+ languages.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsGutbrain VenturesJoint EffectsOmega Venture PartnersRaptor Group
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)
BoardChristopher Darby(Director)Mary K. Bush(Director)
Co-investorsDecisive PointIn-Q-TelThe E14 FundLavrock Ventures
HealthtechWest Hempstead, US
Tamir Aldad(Executive Officer, Director)Chris Lozynski(Executive Officer)Ram Pardeshi(Executive Officer)
BoardMark Groner(Director)
Outside is a media company that operates a network of more than 20 brands in the active lifestyle and outdoor recreation space, offering gear reviews, expert advice, destination guides, adventure films, and original series.
ConsumerMedia & EntertainmentSports Tech
Co-investorsImagination CapitalNext VenturesProgress Ventures
Pippin Title provides a technology platform and nationwide network of searchers to produce title search documents for residential and commercial properties across all 50 US states.
AI & Machine LearningFintechLegalTechPropTechSaaSNew York City, US
Bharat Das(CEO)
Co-investorsDas & Co.DeciensFairhaven Capital PartnersIneffable Ventures
Radia develops the WindRunner, a large-scale aircraft platform designed to transport oversized cargo such as wind turbine components, with additional applications in defense and aerospace.
Defense TechEnergyHardwareLogistics & Supply Chain
Mark Lundstrom(Founder & CEO)
Co-investorsGood Growth CapitalLauder Partners
Co-investorsInnovative Solutions CanadaMEDINA VENTURES
AI/spacetech company operating in stealth mode.
Toters is an on-demand delivery app that lets consumers order from local restaurants and stores — including coffee, groceries, and electronics — with card or cash payment and real-time order tracking.
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 PartnersGFR FundLeft Lane Capital+6 more
VUZ operates an immersive video streaming platform offering 360-degree and virtual reality access to live events, sports, entertainment, celebrities, and masterclasses.
ConsumerMedia & Entertainment
Co-investorsShorooq PartnersImpact46
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-investorsColumbia CapitalNorth Atlantic CapitalOak Investment Partners
Exits · 2
IPOs and acquisitions across the tracked portfolioInfleqtionNYSE: INFQVoyager SpaceNYSE: VOYG
Portfolio news
latest coverage across their companies
Exum · intelligence360.news · Jul 20, 2026
Chamba · tribuneindia.com · Jul 17, 2026
Boom · bfsi.economictimes.indiatimes.com · Jul 17, 2026
Infleqtion · kavout.com · Jul 16, 2026
Firefly · theglobeandmail.com · Jun 27, 2026
Atom Computing · siliconangle.com · Jun 17, 2026
Zayo Group · zayo.com · Apr 24, 2026
Frequently asked questions
- How many investments has Caruso Ventures made?
- Caruso Ventures has 29 tracked investments, including 3 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 Data & Infrastructure, Deep Tech, Defense Tech, Fintech, Hardware, Media & Entertainment, Mobility & Transportation, Quantum Computing, Sector Agnostic, Space Tech.
- Where is Caruso Ventures located?
- Caruso Ventures is headquartered in Boulder, 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 Y Combinator, Cortado Ventures, Draper Associates, among 113 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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