New York · Pre-Seed–Seed · 5 people tracked
Also known as HSV HOLDINGS LLC
Investment thesis
Indicator Ventures focuses on the earliest stages of company formation, backing founders and ideas before they reach Series A. The firm looks for driven, high-velocity founders with strong IQ and EQ who are obsessed with solving a clear problem and execute with precision. By intentionally investing in fewer companies, the firm aims to give each founder its full attention and be the first call when things break or when things work. Its process is fast when the team knows the space and takes longer when there is a learning curve, with an emphasis on clear communication throughout. Founders are encouraged to reach out directly by email.
Source: firm website, verified Aug 25, 2026.
Team · 5 people
from public directories
Founder mafia
2 people who came through Indicator Ventures went on to found or lead other companies.
What they invest in
from 41 of 57 portfolio companiesSaaS ×13AI & Machine Learning ×11Fintech ×11Enterprise Software ×9Healthtech ×8Developer Tools ×4Marketing Tech ×4Advanced Manufacturing ×3
HQs:United States×34
Investments · 57 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 22023 · 12022 · 12021 · 12019 · 12017 · 32015 · 114 dated
Airspace Link provides a unified platform (AirHub Portal) for airspace security, drone operations management, and air traffic coordination, serving government agencies, defense organizations, and commercial enterprises operating unmanned aircraft systems.
Defense TechGovTechIoTLogistics & Supply ChainMobility & TransportationRoboticsNorthville, US
Michael Healander(Executive Officer, Director)Dillon Krasnigor(Director)Daniel Bradshaw(Executive Officer, Director)
Board seatJonathan Struhl· per SEC Form D
Co-investors2048 VenturesAssembly VenturesAvanta VenturesID VenturesLudlow VenturesMatchstick Ventures+4 more
Pienso offers a no-code platform that lets subject-matter experts build and use AI and machine learning models from their data without deep technical skills.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSBrooklyn, US
Karthik Dinakar(Executive Officer, Director, Promoter)Birago Jones(Executive Officer, Director, Promoter)Dhiraj Singh(Director)
BoardMitchell Kleinhandler(Director)in
Board seatJonathan Struhl· per SEC Form D
Co-investorsDifferential VenturesEniac VenturesGood Growth CapitalThe E14 FundSoftTech VCUncork Capital
Affiniti is a financial technology company offering a platform that combines banking, payments, credit cards, expense management, bill pay, and accounting automation for small and mid-sized American businesses.
FintechSaaS
Sahil Phadnis(Founder)in
Co-investorsEvolution VenturesLightShed VenturesSignalFireSpice CapitalMontage Ventures
Arda develops therapeutics using single-cell computational biology to target and eliminate pathogenic cells in chronic diseases.
AI & Machine LearningBiotechMedical DevicesAustin, US
Adam Freund(Founder & Chief Executive Officer)Remi-Martin Laberge(Founder and Chief Technology Officer)
BoardVineeta Agarwala(Director)in
Co-investorsage1Andreessen HorowitzStrawberry Creek VenturesAlumni VenturesGaingelsGV (Google Ventures)+3 more
AudioShake develops sound separation technology that splits audio into component parts for media, entertainment, and speech workflows.
AI & Machine LearningCreator EconomyMedia & EntertainmentSan Francisco, US
Jessica Powell(CEO & Co-Founder)Luke Miner(CTO & Co-Founder)in
BoardAlexander Hartz(Director)in
Co-investorsCoho DeeptechDisney AcceleratorOrigin VenturesPrecursor VenturesShine CapitalThomson Reuters Ventures+1 more
Boston, US
Jacob A. Donoghue, M.D., Ph.D.(Executive Officer, Director)Jarrett Revels(Executive Officer)Jacob A. Donoghue(Executive Officer, Director, Promoter)
BoardCaitlin Donovan(Director)Pavel Raifeld(Director)Naveen Rao(Director)
Co-investorsCatalio Capital Management, LPGeneral CatalystGV (Google Ventures)Iaso VenturesKicker VenturesCasdin Capital+1 more
Blaze is an AI platform that generates marketing content for social media, blogs, email, and video.
AI & Machine LearningMarketing TechSaaS
Adam Nathan(CEO & Founder)in
Co-investorsAbstract VenturesArray Ventures Management LlcChamaeleonEarl Grey CapitalInspired CapitalScribble Ventures+3 more
Co-investorsNelstone VenturesNew Ground VenturesScout VenturesScout Ventures
Brave Care operates pediatric primary and urgent care clinics designed to treat common acute conditions in children, supplemented by remote consultations delivered by clinicians.
HealthtechPortland, US
Asa Miller(Founder)inDarius "Bubs" Monsef(Founder)inMaryam Taheri(Founder)inCorey Fish, MD(Founder)inGary Gerlacher(Executive Officer, Director)Corey Fish, M.D.(Executive Officer, Director)
Co-investorsAV8 VenturesFifty YearsVentureSouqY CombinatorCollaborative FundFlucas Ventures+2 more
Brink is a generalized intents protocol for Web3 that offers an Intent Engine accessible via API, letting developers integrate features such as gasless recurring token swaps.
Crypto & Web3Developer ToolsFintech
Co-investorsFirst Star VenturesIOSG VenturesLemniscap
CAKE POS is an all-in-one restaurant point-of-sale system offering handheld POS, kitchen display systems, self-service kiosks, payment processing, online ordering, loyalty and marketing tools, and commercial-grade hardware.
FoodTechRetail TechSaaS
CapLinked provides virtual data rooms used to manage due diligence and share confidential documents during M&A transactions and other deals.
Developer ToolsEnterprise SoftwareFintechSaaSManhattan Beach, US
Eric Jackson(Executive Officer, Director, Promoter)Christopher Grey(Executive Officer, Director, Promoter)
Co-investors500 Global
CapWay was an Atlanta-based fintech offering digital banking and financial literacy tools for banking deserts; it shut down in 2024.
Co-investorsBackstage CapitalEmles Venture PartnersFearless Fund
CapWay was a fintech company focused on creating inclusive financial access, but the company has ceased operations.
FintechSaaSAtlanta, US
Sheena Allen(Founder)in
Co-investorsNew Orleans Startup FundStacked CapitalY CombinatorBackstage CapitalFearless FundInitialized Capital+2 more
Catch provides automated financial management and benefits solutions for independent workers and freelancers, handling tax withholding, retirement savings, and health insurance enrollment without relying on traditional employer-provided benefits.
FintechHealthtechInsurTechNew York City, US
Andrew Ambrosino(Founder)in
Co-investorsArdent VentureCrosslink CapitalKube VCLoup VenturesY CombinatorBlumberg Capital+1 more
Chariot builds financial infrastructure for donor-advised fund (DAF) giving, connecting donors, nonprofits, and platforms to enable faster, verified charitable donations and payouts.
FintechImpact & Social GoodSaaSNew York City, US
Salomon Serfati(Founder)inAaron Kahane(Founder)inDrew Schneider(Founder)in
Co-investorsHAWKTAILMaven VenturesMaveronY CombinatorAlumni VenturesAndreessen Horowitz+6 more
Chariot operates a shared commuting service that uses optimized routing to transport multiple passengers between home and work destinations.
ConsumerMobility & TransportationSan Francisco, US
Romain Di Vuolo(Founder)in
Co-investorsMaven VenturesY CombinatorAlumni VenturesAndreessen HorowitzFJ LabsGraph Ventures+4 more
Santa Barbara, US
Brian Plackis-Cheng(Executive Officer, Director)Shanna Johnson(Executive Officer)
BoardJohn F. Frankel(Director)Claudia Iannazo(Director)Eric Holmen(Director)James Kwon(Director)
Co-investorsaVentureMontage CapitalPereg VenturesFf Venture CapitalNorth Base MediaWavemaker Partners
Capital Factory is an investment and advisory network that connects ambitious founders and operators with investors, advisors, and resources to support early-stage companies addressing significant challenges.
Deep TechSector AgnosticAustin, US
Benjamin Lamm(Executive Officer, Director)Ben Lamm(Founder)inBrian Beard(Executive Officer, Director)
BoardTom Chi(Director)
Co-investorsAt One VenturesBold Capital PartnersBOLD LongevityBreyer CapitalCarnrite VenturesDraper Associates+9 more
Complete Specialty Solutions (CSS) provides mobile dental specialists — including oral surgeons, orthodontists, periodontists, and endodontists — along with trained assistants, equipment, and supplies to solo and DSO dental practices so patients can receive specialty treatment in-house.
Healthtech
Dandy is a digital dental laboratory that provides AI-powered technology and software to dental practices, offering services including crowns, bridges, dentures, implants, and clear aligners.
AI & Machine LearningHealthtechMedical Devices
Daniel Hanover(Founder)inToni Oloko(Cofounder)
Co-investors3cubed VenturesAvenir Growth CapitalDorm RoomHuman CapitalInspired CapitalMantis Capital+9 more
Co-investors2.12 AngelsBlindspot Ventures Management CoDifferential VenturesFifth Down CapitalGood Growth CapitalMotley Fool Ventures+7 more
Disco, formerly Co-op Commerce, runs a shared network that lets direct-to-consumer brands cut customer acquisition costs together.
Conner Sherline(Founder)
Co-investorsFelicis VenturesGround Up VenturesSuperAngel.FundSugar Capital
Dorothy is a real-time weather and incident intelligence platform that tracks storms and other hazards and enriches affected addresses with property data, imagery, and loss history.
Climate TechData & InfrastructureInsurTech
Co-investorsKeiki CapitalKnoll VenturesMission One CapitalPortfoliaStellifiThe Fund+1 more
EDGE Boost is a financial platform and Visa card that lets gamblers fund their play with a dedicated, FDIC-insured account separate from their bank, offering cash back on gaming transactions, fiat and crypto deposits, and spending controls.
FintechGamingSports Tech
Co-investorsMantis Capital
Edyn makes a soil sensor and connected water valve that monitor garden conditions and automate watering schedules for home gardeners and small farms.
Advanced ManufacturingAgTechSan Francisco, US
Jason Aramburu(Founder/CEO)in
Co-investorsY CombinatorMorningside Group
Expectful offers guided meditation and wellness content covering fertility, pregnancy, and labor for people trying to conceive and expecting parents.
FemTechMental HealthWellness & Fitness
Co-investorsBreak Trail VenturesJoyance PartnersThe Perkins FundPowerhouse Capital
Goodpath provides a scalable integrative care model that coordinates care across multiple clinical disciplines for employees.
Digital HealthEnterprise SoftwareHealthtechWellness & Fitness
BoardAkl Fahed(MD, MPH)Nishant Uppal(MD, MBA)
Co-investorsBlindspot Ventures Management CoBY Venture PartnersCastor Ventures (an Alumni Ventures Fund)City LightEnable VenturesHealthy Ventures+2 more
Hike Medical produces custom orthotic insoles using a 5-minute phone-based foot scan, then 3D-prints and ships them to users to help reduce lower-body and musculoskeletal pain.
HardwareHealthtechMedical Devices
Co-investorsFifth Down CapitalRiverPark Ventures
ianacare provides tools, resources, and communities to support family caregivers, with a focus on home-based care and caregiver support.
Digital HealthHealthtechWellness & FitnessNewton, US
Jessica Kim(Co-founder & Executive Chairman)Steven Lee(Co-founder & CTO)inKim(Co-founder)
Co-investorsAble PartnersEntrée CapitalFounder CollectiveGreycroftSemperVirens Venture Capital
San Francisco, US
Adam Gomolin(Executive Officer, Director)Thaddeus Woodman(Executive Officer, Director)
BoardLawrence Levitsky(Executive Officer, Director)
Co-investorsForefront Venture
Burlington, US
Shane Scranton(Executive Officer, Director, Promoter)Nate BeattyinThomas Beatty(Executive Officer, Director, Promoter)
Co-investorsBantam Group
Lob provides software and hardware infrastructure for automating, personalizing, and tracking direct mail campaigns at scale.
Enterprise SoftwareLogistics & Supply ChainMarketing TechSaaSNew York City, US
Harry Zhang(Founder)Leore Avidar(Founder)Eduardo Browne(Executive Officer)Donnell Vanker(Executive Officer)
Co-investorsFloodgateFrontline VenturesStructural CapitalTodd and Rahul’s Angel FundY CombinatorFirst Round Capital+3 more
Makini provides a single integration layer and Unified API that connects AI agents and software to industrial systems such as ERP, CMMS, and WMS, spanning modern cloud products and legacy on-prem plant systems.
Advanced ManufacturingAI & Machine LearningData & Infrastructure
Co-investorsKube VC
Netomi is a customer experience platform powered by AI that enables enterprises to interact with customers across multiple channels with intelligence and consistency.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSan Francisco, US
Puneet Mehta(Founder/CEO)
Co-investorsAdvancit CapitalBowery CapitalHaymaker VenturesUpslope VenturesWestern Technology InvestmentY Combinator+5 more
Nimble is an AI-driven CRM platform that combines customer relationship management, email marketing, sales prospecting, and workflow automation for solopreneurs and small teams.
SaaSSales Tech
Jon Ferrara(Founder)in
Co-investorsBantam GroupMoonshots CapitalNew Ground Ventures
OpenX is a supply-side platform (SSP) for digital advertising that uses AI, data leadership, and proprietary identity technology to manage ad inventory and targeting.
AdTechAI & Machine LearningNot specified on page, US
DAMON REEVE(Director)ANDREW Scott BRACCIA(Director)TIM CADOGAN(Executive Officer, Director)JON MILLER(Director)
BoardNINO MARAKOVIC(Director)BERNARD DALLE(Director)
Co-investorsChartline Capital PartnersDag VenturesIndex VenturesMitsui Global InvestmentPresidio VenturesSapphire Ventures+2 more
Polymer is a data security platform that identifies, analyzes, and mitigates real-time security risks across an organization's AI and SaaS ecosystem.
AI & Machine LearningCybersecurityEnterprise Software
Co-investorsGreen Egg VenturesMaccabee VenturesStory VenturesTensility Venture PartnersFuture Food FundMotivate Venture Capital+2 more
Reflex is an on-demand staffing platform that connects retailers with vetted, background-checked retail associates for shifts such as sales, cashier, inventory, and event roles.
Future of WorkMarketplacesRetail Tech
Mike Meyers(Founder)in
Co-investorsATX Venture PartnersCanaan PartnersRed Swan VenturesService Provider CapitalAlpine Space VenturesBayern Kapital+2 more
Justin Donovan(Founder)inDaryn Lam(Founder)in
Co-investorsClocktower VenturesInfinity VenturesMu Ventures
Retrocausal develops AI-powered intelligence augmentation systems for manufacturing shopfloors, helping assembly operators, plant managers, and industrial engineers boost productivity, quality, and safety.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareIoTSeattle, US
Zeeshan Zia(Founder & CEO)Muhammad Zeeshan Zia(Executive Officer, Director, Promoter)Rick Faulk(Director)Quoc-Huy Tran(Director)
BoardKleida Martiro(Director)inBaiyin Murphy(Director)
Co-investorsAtland VenturesCapria VenturesDifferential VenturesGlasswing VenturesIncubate USOne Way Ventures+4 more
Scope provides end-to-end support for software and digital marketing projects, matching clients with vetted experts and full-stack developers based on skillset, budget, and location.
B2B MarketplacesDeveloper ToolsMarketing Tech
Co-investorsCarnrite Ventures
Shibumi provides enterprise software for managing AI investments and strategic initiatives, offering real-time visibility into project status, KPIs, and portfolio-wide dependencies for business and transformation leaders.
AI & Machine LearningEnterprise Software
Co-investorsCostella Kirsch
Simplifeye provides software for dental practices, including end-to-end HIPAA-compliant payment tools, online scheduling, live webchat staffed by trained people, and patient communication features to accelerate revenue and improve the patient experience.
Digital HealthFintechSaaS
Simply Bail is a management platform for bail bond agents that consolidates case management, e-document signing, payment plan collection, inventory tracking, court date reminders, GPS defendant check-ins, arrest alerts, and reporting into one system.
FintechLegalTechSaaS
Co-investorsGreen Egg VenturesIU VenturesMu Ventures
Stark provides an end-to-end accessibility platform with integrated tools for design, development, and compliance that helps teams find and fix accessibility issues from initial design through live product.
Developer ToolsEnterprise SoftwareSaaS
Co-investorsFocal Ventures
Burlingame, US
SAURAV SHROFF(Executive Officer, Director)MIHIR VIJAY GONDHALEKAR(Director)Saurav Shroff(Founder)in
BoardROHAN PUJARA(Director)in
Co-investorsBalerion Space VenturesCrucible CapitalFusionGoAhead VenturesHummingbird VenturesValhalla Ventures+3 more
New York, US
Andre Hill(Executive Officer, Director, Promoter)
BoardAndrew Cleland(Director)in
Co-investorsComcast Ventures
GamingSeattle, US
Rahul Sood(Executive Officer, Director, Promoter)Karl Flores(Executive Officer, Director, Promoter)
Co-investors500 GlobalPantera CapitalAdvancit CapitalBINARY CAPITALSound Ventures
VIDA creates sustainable, fashion-forward apparel and personal care products manufactured in the USA.
Circular EconomyConsumerDirect to ConsumerMarketplacesSan Francisco, US
Umaimah Mendhro(Founder/CEO)inEddie Phanichkul(CEO)in
Co-investorsHalogen Ventures Management Company LlcUpslope VenturesY CombinatorACE & Company
Leverages AI to optimize the process of matching job-seekers with employers.
New York, US
Joshua Brandoff(Director)Drew Austin Greenfeld(Executive Officer, Director, Promoter)
BoardJohn Frankel(Director)
Co-investorsJAZZ Venture PartnersFf Venture Capital
Belay offers insurance policies that reimburse retail investors for losses when they sell insured stocks below a protected price.
FintechInsurTech
Co-investorsRed Beard VenturesAlpaca VC
Zed Run was a blockchain-based digital horse racing game where players owned, bred and raced NFT racehorses.
Co-investorsRed Beard VenturesThe Chernin Group (TCG Crypto)
Portfolio news
latest coverage across their companies
Reflex · kalkinemedia.com · Aug 11, 2026
Colossal Biosciences · bizjournals.com · Jul 22, 2026
Catch · esgtoday.com · Jul 19, 2026
Netomi · finsmes.com · May 1, 2026
Beacon Biosignals · finance.yahoo.com · Apr 7, 2026
Chariot · discoveryalert.com.au · Apr 2, 2026
Chariot · discoveryalert.com.au · Apr 2, 2026
Dandy · instituteofdigitaldentistry.com · Mar 6, 2026
Frequently asked questions
- What stage does Indicator Ventures invest at?
- Indicator Ventures invests at the Pre-Seed, Seed stages.
- What is Indicator Ventures's typical check size?
- Indicator Ventures typically writes checks of $1M – $3M.
- What sectors does Indicator Ventures focus on?
- Indicator Ventures focuses on AI & Machine Learning, Deep Tech, E-commerce, Fintech, Healthtech, Sector Agnostic.
- Where is Indicator Ventures located?
- Indicator Ventures is headquartered in New York, US.
- Does Indicator Ventures lead rounds?
- Yes, Indicator Ventures leads investment rounds.
Co-investors · 46
Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.
Valhalla Ventures is an early-stage venture firm that backs founders building companies with durable competitive moats, investing from inception through the Seed stage.
Felicis Ventures is a venture capital firm that backs founders primarily at the Seed and Series A stages, frequently leading or co-leading rounds. It operates with a founder-first approach, including a founder pledge and voting commitments.
BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.
Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.
Eniac Ventures partners with early-stage founders, backing companies from 0 to 1.
Precursor Ventures is a venture capital firm that invests in founders at the earliest stages, focusing on people over product.
Bowery Capital is an early-stage venture firm focused on B2B software companies, providing hands-on go-to-market, talent, and business development support to founders.
Red Swan Ventures backs founders at the earliest stage, aiming to be a founder's first outside capital, focusing on companies born from platform shifts and cultural insight that serve enduring human needs.
2048 Ventures is a thesis-driven early-stage venture capital firm based in New York and Boston that backs founders building future technologies.
Earl Grey Capital is an early-stage venture fund founded by operators who previously built Clearbit, an API-first data company acquired by HubSpot in 2023.
Fusion Fund is an early-stage venture capital firm backing startups with technical or data advantages in healthcare, enterprise AI, and industrial technology.
▶34 more co-investors
Hummingbird VenturesDay One VenturesRiverPark VenturesFirst Star VenturesATX Venture PartnersTensility Venture PartnersGround Up VenturesAvanta VenturesSequoia CapitalFounders FundLightspeed Venture PartnersGreylock PartnersRedpoint VenturesEmergence Capital PartnersStellar CapitalNot Boring Capital01 AdvisorsVibe CapitalFreigeist CapitalValar Ventures LlcSAV (Scale Asia Ventures)Active CapitalImmeasurableNext Coast VenturesConversion CapitalRoot Ventures Manager, LlcUnstoppable DomainsDarling VenturesFocalDVCDivergent CapitalHannah Grey VenturesCoralSeven Seas Partners
Firms observed investing alongside Indicator Ventures, from public investor directories. Shared companies are the overlap with Indicator Ventures's recorded portfolio.
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