Indicator Ventures
Venture capitalActively deployingWellesley Β· Pre-SeedβSeed Β· 5 people tracked
Also known as HSV HOLDINGS LLC
Investment thesis
Indicator Ventures invests at the earliest stages, backing founders and ideas before a Series A raise. The firm seeks mission-driven, high-velocity founders with strong IQ and EQ who are obsessed with solving a clear problem and execute with precision. It deliberately maintains a concentrated portfolio so it can give each company its full attention, positioning itself as the first call founders make when something breaks or succeeds. Founders can reach the firm directly by email; warm introductions are welcomed but not required.
Source: firm website, verified Aug 7, 2026.
Team Β· 5 people
from public directories
What they invest in
from 28 of 53 portfolio companiesAI & Machine Learning Γ10SaaS Γ9Healthtech Γ8Enterprise Software Γ6Fintech Γ5Advanced Manufacturing Γ3Data & Infrastructure Γ3Digital Health Γ3
HQs:United StatesΓ24
Investments Β· 53 tracked
founders shown can be your intro pathAirspace 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 TechGovTechIoTNorthville, US
Jonathan Struhl(Director)Michael Healander(Executive Officer, Director)Dillon Krasnigor(Director)Daniel Bradshaw(Executive Officer, Director)
Board seatJonathan StruhlΒ· per SEC Form D
A machine learning platform that enables users to explore and analyze language data without requiring coding expertise.
AI & Machine LearningData & InfrastructureSaaSBrooklyn, US
Dhiraj Singh(Director)Mitchell Kleinhandler(Director)Karthik Dinakar(Executive Officer, Director, Promoter)Birago Jones(Executive Officer, Director, Promoter)
Board seatJonathan StruhlΒ· per SEC Form D
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)
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)Alexander Hartz(Director)
Boston, US
Caitlin Donovan(Director)Pavel Raifeld(Director)Jacob A. Donoghue, M.D., Ph.D.(Executive Officer, Director)Jarrett Revels(Executive Officer)Naveen Rao(Director)Jacob A. Donoghue(Executive Officer, Director, Promoter)
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)
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
Santa Barbara, US
John F. Frankel(Director)Brian Plackis-Cheng(Executive Officer, Director)Claudia Iannazo(Director)Eric Holmen(Director)James Kwon(Director)Steven Haley(Director)
Complete Specialty Solutions (CSS) provides mobile dental specialists β including oral surgeons, orthodontists, periodontists, and endodontists β 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)
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
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)
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
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)Kim(Co-founder)
San Francisco, US
Adam Gomolin(Executive Officer, Director)Thaddeus Woodman(Executive Officer, Director)Lawrence Levitsky(Executive Officer, Director)
Burlington, US
Shane Scranton(Executive Officer, Director, Promoter)Thomas Beatty(Executive Officer, Director, Promoter)
Resolve provides medical bill advocacy services, pairing patients with dedicated advocates who negotiate to reduce or eliminate medical bills and help file for financial aid.
ConsumerFintechHealthtech
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 SoftwareSeattle, US
Zeeshan Zia(Founder & CEO)Muhammad Zeeshan Zia(Executive Officer, Director, Promoter)Rick Faulk(Director)Kleida Martiro(Director)Quoc-Huy Tran(Director)Baiyin Murphy(Director)
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
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
Burlingame, US
SAURAV SHROFF(Executive Officer, Director)MIHIR VIJAY GONDHALEKAR(Director)
BoardROHAN PUJARA(Director)
New York, US
Andre Hill(Executive Officer, Director, Promoter)
BoardAndrew Cleland(Director)
Seattle, US
Rahul Sood(Executive Officer, Director, Promoter)Karl Flores(Executive Officer, Director, Promoter)
VIDA creates sustainable, fashion-forward apparel and personal care products manufactured in the USA.
Circular EconomyConsumerDirect to ConsumerMarketplacesSan Francisco, US
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 $2M.
- What sectors does Indicator Ventures focus on?
- Indicator Ventures focuses on Sector Agnostic.
- Where is Indicator Ventures located?
- Indicator Ventures is headquartered in Wellesley, US.
- Does Indicator Ventures lead rounds?
- Indicator Ventures typically participates in rounds rather than leading them.
Co-investors Β· 46
Felicis Ventures is an early-stage venture capital firm that has backed founders for over 20 years, leading or co-leading the majority of its investments across seed and Series A rounds.
BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.
Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.
Eniac Ventures is a seed-stage venture firm that positions itself as founder-friendly and focused on helping early-stage companies achieve product-market fit.
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.
Hummingbird Ventures is a global venture capital firm that partners with outlier founders across all stages, from inception to IPO.
First Star Ventures is a pre-seed fund that backs technical, research-driven founders building companies at the intersection of computing, robotics, biology, and AI.
βΆ34 more co-investors
ATX Venture PartnersTensility Venture PartnersGround Up VenturesAvanta VenturesValhalla VenturesSequoia CapitalFounders FundLightspeed Venture PartnersGreylock PartnersRedpoint VenturesUncork CapitalEmergence Capital PartnersStellar CapitalNot Boring Capital01 AdvisorsVibe CapitalFreigeist CapitalValar VenturesSAV (Scale Asia Ventures)Active CapitalImmeasurableNext Coast VenturesConversion CapitalRoot Ventures Manager, LlcUnstoppable DomainsDay One VenturesDarling VenturesFocalDVCRiverPark VenturesDivergent 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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