/Investor DB

Initialized Capital

Venture capitalActively deployingoperating company · company profile

San Francisco · Pre-Seed–Seed · 16 people tracked

Also known as Initialized · Initialized Annex · INITIALIZED CAPITAL MANAGEMENT, LLC · Ulumuri Ventures

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Investment thesis

Initialized focuses intensely on seed-stage investing, backing founders before their success looks inevitable to other investors. The firm looks for products that are 10x better, faster, or cheaper, large markets, and founder-builders who are experts and obsessive about their space. It emphasizes broadening the demographic of founders and ideas that venture capital traditionally served. Initialized aims to be an early ally rather than a prescriptive investor, promoting 'learning by doing' and offering resources including office hours, a proprietary community portal (the Honeybadger Den), events, content and PR support, recruiting help, and go-to-market guidance. It also prepares companies for their Series A raise with metrics, operating models, deck design, pitch practice, and growth-investor introductions.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Seed
Check
$1M – $5M
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2012
Last 12 months
12 investments
AUM
$3.2B
VC funds
23
Tracked investments
333
Unicorns
20
IPOs
6
Acquisitions
67

Team · 16 people

from the firm's website & curated

8 people who came through Initialized Capital went on to found or lead other companies.

What they invest in

from 306 of 333 portfolio companies

Enterprise Software ×121AI & Machine Learning ×118SaaS ×107Consumer ×57Fintech ×45Developer Tools ×42Data & Infrastructure ×32Healthtech ×31

HQs:United States×254United Kingdom×7Canada×5India×2Sweden×2Spain×1

Who they back

founder profiles across 163 portfolio companies
21%
solo founders
34 of 163 mapped founding teams
51%
repeat founders
of 263 founders with career history
~2 yrs
old at investment
median across 62 dated deals

Founding team size:solo founder×342 founders×653 founders×374+ founders×27

Where their founders studiedfrom 252 founders with education data

University of California, Berkeley ×15Massachusetts Institute of Technology ×13Harvard University ×10Stanford University ×10Carnegie Mellon University ×7Imperial College London ×7University of Michigan ×7University of Waterloo ×7

What their founders studiedfrom 237 founders with field-of-study data

Computer Science ×86Engineering ×54Business & Management ×33Economics ×19Life Sciences ×13Finance & Accounting ×12Mathematics & Statistics ×12Humanities ×10

Where their founders worked beforefrom 263 founders with career history

Google ×23Microsoft ×12Apple ×9McKinsey & Company ×8Stanford University ×6Goldman Sachs ×5Uber ×5Airbnb ×3

Accelerator rootsportfolio companies that came through a program

Y Combinator ×98Entrepreneur First ×5Techstars ×3

23 founders hold a PhD · 21 hold an MBA (of 259 with degree data) · backed the same founder in 2+ companies: 7 founders

Investments · 333 tracked

founders shown can be your intro path

By year:2026 · 122025 · 152024 · 132023 · 122022 · 242021 · 112020 · 112019 · 42018 · 122017 · 82016 · 12015 · 3133 dated

Blendblend.comin𝕏NYSE: BLND

Blend offers a Consumer Banking Suite, a digital platform for banks and financial institutions to originate and process consumer lending and deposit products.

Enterprise SoftwareFintechPropTechSaaSSan Francisco, US

Nima Ghamsari(Co-founder & Head of Blend)inErin Collard(Co-Founder)inEugene Marinelli(Co-Founder)inRosco Hill(Co-Founder)inJason Ream(Head of Finance and Administration (CFO))in

BoardTimothy J. Mayopoulos(Board Member)

Co-investors8VCBallistic VenturesCanapi VenturesCoatue ManagementConversion CapitalEmergence Capital Partners+13 more

Coinbasecoinbase.comin𝕏Nasdaq: COINLate Stage

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(CEO)inFred Ehrsam(Board Of Directors)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAdventure FundAndreessen Horowitz+99 more

Instacartinstacart.comin𝕏NASDAQ: CARTLate Stage

Instacart operates a marketplace connecting grocery retailers with customers who order food and household items for same-day delivery or in-store pickup, serving millions of households across North America through partnerships with over 350 retailers.

ConsumerE-commerceFoodTechSan Francisco, US

Apoorva Mehta(Chairman \u0026 Founding CEO)inBrandon Leonardo(Founder)inMax Mullen(Founder)inChris Rogers(Chief Executive Officer)inEmily Reuter(Chief Financial Officer)inHetong Li(Senior Software Engineer)

Co-investorsA*Andreessen HorowitzAvenue Growth PartnersBACKGROUND CAPITALBling CapitalBright Pixel Capital+54 more

Opendooropendoor.comin𝕏NASDAQ: OPENJul 2014 · $9.9M

Opendoor offers instant cash offers for residential properties through real estate agents, allowing sellers to choose between a fast sale or list the home later.

B2B MarketplacesE-commerceMarketplacesPropTechPhoenix, US

Eric Wu(Founder)inJD Ross(Founder)Keith Rabois(Founder)inKaz Nejatian(Chief Executive Officer)inIan Wong(Founder)

Co-investorsA*Access Technology VenturesAirTree VenturesAndreessen HorowitzBlue LionBlue Lion Global+42 more

Redditreddit.comin𝕏NYSE: RDDT

A social platform where users post content and discussions that are ranked by community votes, reaching hundreds of millions of monthly visitors across web and mobile applications.

Cloud ComputingConsumerMedia & EntertainmentSocialSan Francisco, US

Steve Huffman(Founder)inAlexis Ohanian(Executive Chair)inMelissa Tidwell(Executive Officer)inDrew Vollero(Chief Financial Officer)inJennifer Wong(Chief Operating Officer)Benjamin Lee(Chief Legal Officer and Corporate Secretary)in

Co-investors1435 Capital500 GlobalA.Capital VenturesA*AAF Management Ltd.AlleyCorp+39 more

Weavegetweave.comin𝕏NYSE: WEAVSeed

Weave offers team communication and collaboration tools for healthcare practices, including messaging, scheduling, and patient management features accessible from desktop and mobile apps.

AI & Machine LearningEnterprise SoftwareFuture of WorkHealthtechSaaSLehi, US

Brandon Rodman(CEO)inJared Rodman(Founder/CCO)inClint Berry(CTO)inMarcus Bertilson(Executive Officer)inBrett White(Chief Executive Officer)inJason Christiansen(Executive Officer)in

Co-investorsA.Capital VenturesBessemer Venture PartnersBYU Cougar CapitalCrosslink CapitalFundersClubIA Seed Ventures+18 more

A-Frameaframebrands.cominJun 2022 · $11M✓ verified

A-Frame builds and scales consumer brands in collaboration with retailers and visionary talent, focusing on underserved communities.

AI & Machine LearningConsumerDirect to ConsumerRetail Tech

Ari Bloom(Founder)Hill Harper(Founder)

Co-investorsForerunner VenturesS4S VenturesSlauson & Co.Manzanita Capital

Datasaurdatasaur.aiin𝕏Seed✓ verified

Datasaur provides AI data infrastructure that enables organizations to deploy AI systems while protecting sensitive data and maintaining privacy.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Ivan Lee(Founder)inLutvianes Advendianto(Principal Software Development Engineer)Anna Anderson(Demand Gen Manager)

Co-investorsJ17 CapitalJude GomilaOctaveSoma CapitalY CombinatorCoyote Ventures+8 more

Kayhan Spacekayhan.spacein𝕏✓ verified

Kayhan Space develops technology to improve the safety of spaceflight operations.

AI & Machine LearningDeep TechSaaSSpace TechLafayette, US

Siamak Hesar(Founder)inAraz Feyzi(Founder)in

BoardKane Hsieh(Director)in

Co-investorsAlumni VenturesBeyond CapitalOverlineRoot Ventures Manager, LlcTechstarsEVE Atlas+3 more

Mabletrymable.comin𝕏Seed✓ verifiedAcquired

Mable is a genomics-based telehealth platform that provides personalized migraine care by analyzing patients' genetic and biomarker data to inform individualized treatment plans.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesLondon, GB

Roman Rothaermel(Founder)inInna Thalmann(Founder)inChris EijsboutsinKumeren GovnderArik Keller(Founder)Eric Carlstrom(Founder)

Co-investorsUnderscore VCVenrockY CombinatorArkitekt VenturesFirst In VenturesG20 Ventures+1 more

Manifoldmanifold.xyz𝕏✓ verified

Manifold provides tools for creating, selling, and distributing digital goods on the Ethereum blockchain.

B2B MarketplacesCreator EconomyCrypto & Web3

Eric Diep(Founder)in

Co-investorsa16z cryptoAndreessen HorowitzSamsung NextTodd and Rahul’s Angel Fund

MixerBoxmixerbox.comin𝕏✓ verified

MixerBox develops a suite of daily-essential mobile applications including alarm, news, AI browser, payment, streaming, and meditation features, serving general consumers seeking integrated digital tools for daily tasks.

AI & Machine LearningB2B MarketplacesConsumerCreator EconomySaaSLos Angeles, US

John Lai(CEO)in

Co-investorsY Combinator408 VenturesBrighter CapitalSLVCHeadline Asia

OutRival, Inc.outrival.comin𝕏Series A✓ verified

OutRival is a no-code AI platform that enables non-technical customer experience teams to create and deploy AI solutions including chatbots, voice agents, and workflow automation for customer interactions.

AI & Machine LearningEnterprise SoftwareInsurTechSaaSMiami, US

Ruben A. Harris(Co-Founder and CEO)inTimur Meyster(Co-Founder and Chief Product Officer)inArtur MeysterJared Forman(Analytics \u0026 Data Manager)Mary Cornesio(Recruiting Coordinator)Carlo zambon(talent)

Co-investorsY CombinatorAlumni VenturesBronze InvestmentsKapor CapitalNecessary VenturesOpen Opportunity Fund+17 more

Palabra AIpalabra.aiin𝕏✓ verified

Palabra.ai provides an AI bot that adds real-time voice translation and captions to Microsoft Teams meetings, supporting 60+ languages with sub-1-second latency.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareMedia & EntertainmentSaaS

Alexander Kabakov(Founder)Artem Kukharenko(Founder)

Co-investorsCreator VenturesD&FG ElementsSeven Seven SixUncommon Projects Capital Management

Repacketrepacket.cominSeed · Jun 2023✓ verified

Repacket builds security software that detects and prevents employee mistakes in real time.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSVancouver, CA

Noah Stanford(Founder)inMichael Melone(Founder)Daniel Scott(Head of Marketing)

Co-investorsY Combinator645 VenturesBoxGroupPioneer468 CapitalUnpopular Ventures

Alixmeetalix.comin𝕏Jul 2025

Alix provides estate and trust settlement services for families after the death of a loved one, handling the legal, financial, and personal tasks executors face, such as accounting, home sale coordination, bill management, and asset transfers.

ConsumerFintechLegalTechSaaSSan Francisco, US

Alexandra Mysoor(Founder)inShital Ashok Mehta(Executive Officer, Director)Hugh Tamassia(Founder)inBill Hawley(COO)Dale Hill(CFO)inTim Myers(CTO)in

Board seatAndrew Sather· per SEC Form D

Co-investorsAcrew CapitalAmerican Family VenturesCameron VenturesMagnify VenturesScribble Ventures

Sygaldry Technologiessygaldry.comin𝕏Series A · Mar 2026

Sygaldry develops quantum-accelerated AI servers that combine multiple qubit modalities to speed up training and inference for AI models.

Advanced ManufacturingAI & Machine LearningHardwareQuantum ComputingAnn Arbor, US

Chad Rigetti(CEO)inIdalia Friedson(Founder)inMeghan Hudson(Head of HR)

BoardChristian Garcia(Director)inMichael Keiser(Founder)

Board seatAndrew Sather· per SEC Form D

Co-investorsAlumni VenturesBloomberg BetaCollaborative FundDetroit Venture PartnersEarth Venture CapitalExpeditions+51 more

10x10xdental.cominApr 2026 · $4.8M

10x provides an AI-powered back-office service that automates dental practice operations including hygiene recall outreach, treatment follow-up coordination, and missed-call answering.

AI & Machine LearningHealthtechSaaSSan Francisco, US

Max Bohun(CEO)inAman Garg(CTO)in

Co-investorsY CombinatorBlast.ClubCivilization Ventures Management, LlcGlobal BrainGMO VenturePartnersStandard Partners Management+1 more

10x Science10xscience.comin𝕏Seed · Apr 2026 · $4.8M

10x Science provides an AI platform that automates protein characterization for drug developers, reducing months of manual analysis to speed the evaluation of therapeutic candidates in early-stage development.

AI & Machine LearningBiotechEnterprise SoftwareSaaSSan Francisco, US

David Roberts(CEO)inAndrew Reiter(COO)inVishnu Tejus(CTO)inAndrew HunzekerHesed(Founding Engineer)

Co-investorsY CombinatorCivilization Ventures Management, LlcFounders Factory

7cups7cups.comSeed

A platform that connects people seeking emotional support with trained volunteer listeners via anonymous one-on-one chat, allowing users to discuss personal concerns without judgment or advice-giving.

HealthtechVirginia Beach, US

Glen Moriarty(Founder)inRyan Bednar(Director of Growth / SEO)inJesse Avshalomov(Advisor)inKhoi HoEzra MorseJon Govender(Head of Product)

Co-investorsFundersClubY CombinatorAndreessen HorowitzDeciensGeneral CatalystHyper+6 more

Aboduabodu.comin𝕏Seed · Oct 2020 · $4M

Abodu manufactures modular accessory dwelling units (ADUs) that are factory-built and pre-approved by California's Housing and Community Development agency.

Climate TechConstruction TechPropTechCalifornia, US

Bobby Shokri(Founder/CEO)inEric M. McInerney(President)inJohn Geary(Founder)inEric McInerney(Founder)

Co-investorsModerne VenturesNorwest Venture Partners

AdQuickadquick.comin𝕏Apr 2024 · $6M

AdQuick is a platform and managed-service marketplace for out-of-home (OOH) advertising, connecting advertisers to 1.6M+ placements and 3M+ programmatic DOOH screens across 1,700+ media owners in multiple countries.

AdTechMarketing TechMarketplacesAustin, US

Fahim Ferdous(Founder)inConnor Burden(Founder)inBrian Schwartz(Director)inMatthew O'Connor(Founder)inChristopher Gadek(Executive Officer)Nina Boost(Executive Officer)in

Co-investorsCalm VenturesEarl Grey CapitalEudemian VenturesOperator StackTeam Ignite VenturesTodd and Rahul’s Angel Fund+3 more

Adyton PBCadytonpbc.comin

Adyton builds mobile and edge software for US defense units, spanning logistics, personnel and tactical operations in disconnected environments.

Frisco, US

James Alexander Boyd(Executive Officer, Director)Joshua James Wilson(Executive Officer, Director)JJ Wilson(Founder)James Boyd(Founder)

BoardMorgan Hitzig(Director)in

Co-investorsKindred VenturesAlumni VenturesForward Deployed VCKhosla VenturesLiquid VenturesPalumni VC+1 more

AeroFSaerofs.cominSeedAcquired

AeroFS provides on-premises file synchronization and sharing software that allows organizations to manage document collaboration while maintaining control over data security through their own infrastructure.

Data & InfrastructureEnterprise SoftwareSan Francisco, US

Yuri Sagalov(CEO)inWeihan Wang(CTO)inEric Schoonover(Engineer)

Co-investorsSpider CapitalY CombinatorACE & CompanyAndreessen HorowitzAvalon Ventures Management, LlcLowercase Capital+2 more

Airgoodsairgoods.cominSeed

Airgoods operates a wholesale platform where independent grocers and specialty food retailers can discover and purchase emerging and gourmet food and beverage brands.

Enterprise SoftwareNew York City, US

Aaron Farr(Founder)inPaolo Carroll(Founder)inElian Haddock(Founder)in

Co-investorsY CombinatorCreatorLedGreat Wave Ventures

Airwareairware.comDefunct

Airware builds an integrated platform combining drones, software, and cloud services for enterprises to collect and analyze aerial data at scale across business operations.

Advanced ManufacturingRoboticsSan Francisco, US

Jonathan Downey(CEO)inBrad Schiller(Vice President Operations \u0026 Business Development)inNischal Nadhamuni(Software Developer)inTrevor MookFree Wortley(Software Engineer)in

Co-investorsY CombinatorAndreessen HorowitzFirst Round CapitalFresh VCGV (Google Ventures)Kleiner Perkins+6 more

Albedoalbedo.comin𝕏Seed · Jun 2022 · $35M

Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.

Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US

Topher Haddad(Founder)inAyJay Lasater(Founder)inWinston Tri(Founder)inDylan Betts(Executive Officer)inAjJay Lasater(Founder)Becca Zukowski(Lead Recruiter)

Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesBreakthrough Energy VenturesCommodity CapitalCubit Capital+25 more

Algoliaalgolia.comin𝕏Seed

Algolia provides an API platform that enables developers to integrate search and discovery functionality into websites and mobile applications, serving thousands of companies across e-commerce, media, and SaaS.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Nicolas Dessaigne(Board Member)inJulien Lemoine(CTO)inBernadette Nixon (CEO)(Founder)Gabriel Dillon(Senior Partner Sales Executive, Americas)Kristie Rodenbush(Chief People Officer)Zaviear Lue(Senior Manager, Recruiting)

Co-investors500 GlobalAccelAcequia Capital (AceCap)Aglae VenturesCollective LiquidityFounders Circle Capital+20 more

Alienalien.org𝕏

Alien provides a decentralized identity and blockchain platform that establishes proof of humanity and enables verification of AI agents.

Crypto & Web3Cybersecurity

Co-investorsJuniper Ventures Management, LlcLvna CapitalManta Ray VenturesTranspose Platform Management

Alliance DAO (ex DeFi Alliance)alliance.xyzin𝕏

Alliance is a selective accelerator and founder community for crypto and AI startups, providing $1M in funding, a 10-week program (in-person in New York City plus remote), mentorship, and connections to investors to help startups reach product-market fit.

AI & Machine LearningCrypto & Web3New York City, US

Imran ..(Founder)inImran Khan(Founder)Jacob Franek(Founder)Qiao Wang(Founder)

Co-investorsFounders FundAdaverseCoinbase VenturesCoinFundFounderheads,gumi Inc+15 more

Altaalta.exchangein𝕏Seed · Jun 2025 · $11M

Alta is Southeast Asia's largest digital securities exchange that enables investors to access and trade alternative assets including private company stakes, PE/VC funds, real estate, and luxury asset-backed securities through tokenization and fractional ownership.

B2B MarketplacesCrypto & Web3Data & InfrastructureFintechMarketplacesSingapore, SG

Co-investorsIntegra PartnersApex CapitalEntrée CapitalIN VentureTarget GlobalVerissimo Ventures

Ambitionambition.comin𝕏Seed · Jun 2018

Ambition provides a unified revenue execution platform that integrates coaching, data intelligence, and activation tools for sales teams.

AI & Machine LearningEnterprise SoftwareSaaSSales TechChattanooga, US

Travis Truett(CEO)inJared Houghton(Founder)inBrian Trautschold(COO)inKatie Rhode(Director of People)Dustin Miller(People Acquisition Manager)

BoardClint Smith(Director)

Co-investorsChattanooga Renaissance FundGen CapitalGV (Google Ventures)Y CombinatorAcequia Capital (AceCap)NCN Partners+4 more

Animation Incanimation.inc𝕏Aug 2022 · $12M

Animation Inc. builds a proprietary on-device AI model (Ani-2) that generates full-body 3D motion in real time to drive lifelike virtual characters and enrich LLM-based interactions.

AI & Machine LearningDeep TechMedia & EntertainmentSan Francisco, US

Sergey Gonchar(CEO)inEugene Zatepyakin(CTO)Eugene Nevgen(CSO)inAndrew Yanchurevich(CPO)in

Co-investorsPID Fund I, a series of DV Collective, LPSarah SmithUncommon Projects Capital Management75 & SunnyCosmic Venture PartnersCoughdrop Capital+7 more

Apero Healthaperohealth.comin𝕏Seed

Apero is a healthcare software platform that provides scheduling, visit notes, revenue cycle management, patient billing, prescriptions, and financial reporting for medical practices.

HealthtechSaaSSan Francisco, US

Jacinda Shelly(Advisor)inNick Shelly(Founder)inPate Cobb(Software Engineer)Kim Dietz(Vice President of Operations)James Kienle(Senior Frontend Engineer)Nathaniel Potrepka(Senior Software Engineer)

Co-investorsJude GomilaOxonian VenturesSoma CapitalUpHonest CapitalVentureSouqY Combinator+11 more

Apolloapollographql.comin𝕏

Apollo provides a GraphQL-based API orchestration platform that unifies APIs and data sources for backend teams and frontend applications.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Geoff Schmidt(CEO)inmatt debergalis(CTO)inNick Martin(CTO)inJosh Wright(Founder)inMatt DeBergalis(Founder)S G(Founder)in

Co-investorsAndreessen HorowitzDCVC (Data Collective)EQUIAMHeavybitInsight PartnersKarma Ventures+11 more

Apportableapportable.comAcquired

Apportable provides tools for developers to compile Objective-C and C++ applications to Android, enabling them to publish to Android without rewriting code in Java.

Data & InfrastructureEnterprise SoftwareSan Francisco, US

Collin Jackson(CEO)Nicole Aptekar(Web Developer / Designer)inIan Fischer(CTO)Adam BarthDaniel DeCovnick(Self Employed)in

Co-investorsHeavybitY Combinator11.2 CapitalACE & CompanyAME Cloud VenturesBetaworks Ventures Management, Llc+4 more

AptDecoaptdeco.comin𝕏Series A · Dec 2021

AptDeco is an online marketplace where users buy and sell used furniture with integrated delivery services.

Circular EconomyConsumerE-commerceLogistics & Supply ChainMarketplacesNew York City, US

Reham Fagiri(CEO)inKalam Dennis(Founder)inkalam dennis(Founder)inSam DostAmy Cooperstock(HR)Brad Pease(Director of Engineeing)

Co-investors645 VenturesComcast VenturesFJ LabsGreat Oaks Venture CapitalHearstLabJumpStart New Jersey Angel Network+9 more

Arcturusarcturus.io

Arcturus develops advanced conductors by infusing carbon nanomaterials into metals to improve electrical conductivity and strength at high temperatures, aiming to scale the process to an industrial level.

Deep TechEnergyNew Materials

Arcusarcusfi.comin𝕏Acquired

Arcus F.I. is a regulated electronic payment institution licensed and supervised by Mexico's banking and securities authority.

FintechNew York City, US

Edrizio De La Cruz(CEO)inJuan Maldonado(Founder)inIñigo Rumayor(Founder)inInigo Rumayor Belausteguigoitia(Founder)Juan Jose Maldonado(Founder)Amer Dahmash

Co-investorsAlumni VenturesAvalancha VenturesCohen CircleFundersClubIGNIAKapor Capital+17 more

Arenaarena-ai.com

Arena Physica develops electromagnetic superintelligence, combining AI engineering and applied research in RF and electrical engineering for enterprise deployments.

AI & Machine LearningDeep TechHardware

Paulo Martins(Founder)inEngin Ural(Founder)Pratap Ranade(Founder)

Co-investors137 VenturesGaruda VenturesFifth Down CapitalFounders FundShield CapitalSkip Capital

Asteroidasteroid.aiin𝕏May 2022 · $13M

Asteroid provides a HIPAA-compliant platform that automates workflows across healthcare systems lacking public APIs, including EHRs, payer portals, and government registries through browser automation and AI agents.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareHealthtechSaaSSan Francisco, US

David Mlcoch(CEO)inJoe Hewett(CTO)in

Co-investorsEntrepreneur FirstMITONMyAsiaVCTranspose Platform ManagementY CombinatorBalderton Capital+12 more

AstroForgeastroforge.comin𝕏Seed · May 2022 · $13M

AstroForge is a space mining company that extracts platinum group metals and other valuable materials from asteroids to integrate into Earth's supply chains.

Advanced ManufacturingDeep TechHardwareNew MaterialsRoboticsSpace TechLos Angeles, US

Jose Acain(CTO)inMatt Gialich(CEO)inMatthew Gialich(Founder)Chanel Ross(Technical Recruiter)

BoardJustin Hamilton(Director)

Co-investorsAera VCAmbush CapitalBBQ CapitalEarthrise VenturesIndustrious VenturesJude Gomila+23 more

Athelasathelas.comin𝕏Seed · Jan 2022

Athelas develops software tools for private practice healthcare providers to reduce administrative burden, improve operational efficiency, and enhance patient scheduling and navigation capabilities.

AI & Machine LearningEnterprise SoftwareHealthtechSaaSSan Francisco, US

Deepika Bodapati(Founder)inTanay Tandon(Founder)inSteve Moffatt(Hardware and Operations)Wiley Jones(Hardware Engineer)Cynthia Jiang(Recruiter)John Zhao(Vice President \u0026 GM)

Co-investorsAmity VenturesDorm RoomFifty YearsGeneral CatalystHuman CapitalLiquid Ventures+10 more

Atomsatoms.com𝕏

Atoms designs and sells lightweight footwear featuring antimicrobial copper linings, foam midsoles, and stretch laces.

ConsumerDirect to ConsumerE-commerceBrooklyn, US

Sidra Qasim(Co-founder)in

Co-investorsARA NEA Ventures (Brand: Dmz.Xyz)Bain Capital VenturesEvolution VC PartnersFirst Generation CapitalFlucas VenturesHyperguap+8 more

Atriumatrium.co𝕏Series ADefunct

Atrium provides legal services to startups through a technology-enabled platform that replaces traditional hourly billing with performance-based compensation and software tools designed to increase operational transparency and efficiency.

Enterprise SoftwareLegalTechSan Francisco, US

Justin Kan(CEO)inAnton Nadtochiy(Founder)Daniel(Founder)Gerry(Founder)Kevin(Founder)Vera Butko(Founder)

Co-investorsY Combinator500 GlobalAgrolimen VenturesAirTree VenturesAmino CapitalAndreessen Horowitz+33 more

Attuneattunehq.comin𝕏Seed

Attune provides software supply chain security by enabling traceability of code back to its author, device, and keystroke to prevent CI/CD pipeline attacks and secure the build process.

CybersecurityDeveloper ToolsEnterprise SoftwareSan Francisco, US

Xin Ding(CEO)inJack Ryan(Founder)inEliza Zhang

Co-investorsTranspose Platform ManagementY Combinator0 ADTwenty Two Ventures

Author Healthauthorhealth.comin𝕏Jul 2023 · $115M

Author Health provides mental health and behavioral care for patients covered by Medicare, Medicare-Medicaid dual-eligible plans, and Medicare Advantage/Special Needs Plans, including the GUIDE program.

Digital HealthHealthtechMental Health

Katherine Hobbs, MD MPHin

Co-investorsFlare Capital PartnersGeneral AtlanticOak HC/FT

Automatrunautomat.comin𝕏Seed · Sep 2023

Automat is an enterprise automation platform that uses AI techniques to automate business workflows.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Lucas Ochoa(Founder)inGautam Bose(Founder)inShareef El-Sayed(Sales Related Co-Hiring Manager)Steph Stopani(Head of Talent)Eric M.(Head of Talent)

Co-investorsFelicis VenturesK5 GlobalSUPPLY CHANGE CAPITALY CombinatorDecent CapitalFenwick & West+3 more

Avaava.me

Ava provides real-time captioning for conversations to make audio content accessible to deaf and hard-of-hearing people.

AI & Machine LearningDigital Health

Thibault DucheminzThibault Duchemin(Founder)

Co-investorsDay One VenturesDorm RoomEnable VenturesFJ LabsLerer HippeauPartech Ventures+6 more

Avalancheavalabs.orgin𝕏

Ava Labs is a company building blockchain infrastructure and tools for creating and using finance applications.

Crypto & Web3Data & InfrastructureDeep TechFintechNew York City, US

Emin Gün Sirer(Founder)inKevin Sekniqi(Founder)Maofan Ted Yin(Founder)Maofan Yin(Founder)

Co-investorsAnimoca BrandsAbstract VenturesCeras VenturesContinue CapitalLvna Capital8090 Industries+6 more

Avametricavametric.cominAcquired

Avametric develops AR and simulation software that allows brands and retailers to create virtual clothing visualizations and lets consumers preview garments on their bodies before purchase.

Developer ToolsE-commerceEnterprise SoftwareSan Francisco, US

Dave Jackson(CTO)inGreg PutnamAvantha Arachchi

Co-investorsY CombinatorKhosla Ventures

Azuraazura.xyzSeed · Oct 2024 · $7M

Azura is an onchain trading platform that lets users trade any onchain asset using USD without bridging, gas, or wallet management, at zero fees.

Crypto & Web3Fintech

Co-investorsAlliance DAO (ex DeFi Alliance)De Fi Alliance HoldingsThanefield CapitalTranspose Platform ManagementOrbiMedRaj Gokal+2 more

Bannermanbannerman.com𝕏Defunct

Bannerman provides a platform that connects clients with vetted security providers and guards, offering transparency and management of security services through a dashboard interface.

B2B MarketplacesEnterprise SoftwareSaaSSan Francisco, US

Johnny Chin(CEO)inAntoine de Chevigné(CTO)inMatt Voska(COO)inNeal Kemp(Growth Consultant)Ross Robinson(Director of Product)in

Co-investorsFundersClubY CombinatorAvlok CapitalBessemer Venture PartnersExpansion Venture CapitalFresh VC+4 more

Basaltbasalt.spacein𝕏Seed

Basalt operates managed satellite constellations controlled by artificial intelligence, serving private companies and government agencies that lack aerospace expertise and want to collect and stream satellite imagery and data to their devices.

Advanced ManufacturingAI & Machine LearningSpace TechSan Francisco, US

Maximillian Bhatti(CEO)inAlex Choi

Co-investorsCortado VenturesNew Enterprise Associates (NEA)PeakSBXiTranspose Platform ManagementY Combinator+8 more

Beepbeepnetworks.comDefunct

Beep manufactures long-battery wireless sensors that transmit data from remote locations to cloud platforms, with built-in environmental sensing and extensible ports for additional sensor types.

Advanced ManufacturingRoboticsSan Francisco, US

Daniel Conrad(CEO)inShawn Lewis(Founder)in

Co-investorsY CombinatorBetaworks Ventures Management, LlcBLH Venture Partners, LLCDolby LaboratoriesElefundFuel Capital+6 more

Beeperbeeper.comin𝕏Series AAcquired

Beeper is a unified messaging app that consolidates popular messaging services into a single cross-platform interface.

ConsumerSaaSSan Francisco, US

Eric Migicovsky(Founder)inBrad Murray(Founder)inTulir Asokan(Founder)inCaroline Frishman(Chief of Staff)Sarah Mason(Technical Recruiter)Jonathan Lee(Head of Product and Design)

Co-investorsY CombinatorAutomatticLiquid VenturesSamsung NextShrug CapitalSV Angel+1 more

Bellhopsgetbellhops.comin𝕏

Bellhop is a moving company offering local and long-distance residential moves, with services including loading, unloading, delivery, and hourly labor booked through its app or website.

ConsumerLogistics & Supply ChainMarketplacesMobility & TransportationChattanooga, US

Stephen Vlahos(Executive Officer, Director)inCameron Doody(Director)

BoardDaniel Ciporin(Director)G. Allan Davis(Director)

Co-investorsAdvance Venture PartnersCanaan PartnersGreat Oaks Venture CapitalLerer HippeauLowercase Capital

Berbixberbix.comin𝕏SeedAcquired

Berbix provides identity verification and fraud detection technology that online platforms integrate via SDKs to confirm users' identities and prevent fraudulent accounts.

Developer ToolsEnterprise SoftwareSaaSSan Francisco, US

Eric Levine(Founder)inSteve Kirkham(Founder)inKelsey Wolf(Recruiter)Jay Omar(Vice President of Sales)Jonathan Unikowski(Vice President of Engineering)Jason Goodman(Vice President of Product)

Co-investorsDream MachineFikaY CombinatorAirAngelsFika VenturesIndex Ventures+3 more

Beyond Aerobeyond-aero.comin𝕏Series A · Oct 2024 · $20M

Beyond Aero develops electric business aircraft using hydrogen propulsion, designed to achieve range exceeding 800 nautical miles for aviation markets.

Advanced ManufacturingCleantechDeep TechHardwareSpace TechToulouse, FR

Hugo Tarlé(Founder)inValentin Chomel(Founder)inEloa Guillotin(Founder)inCharline Lamy(Talent Acquisition Manager)Claire Panier(Head of Talent)

BoardJon Dishotsky(Director)in

Co-investors7percent VenturesCollaborative FundConstructor Capital USDaft CapitalFemale FoundersGiant Ventures Global Llp+15 more

Bison Trailsbisontrails.co𝕏Mar 2019 · $5.3Macquired by Coinbase

Crypto & Web3Developer ToolsFintechSaaSSan Francisco, US

Aaron Henshaw(Founder)Joseph Lallouz(Executive Officer, Director)Joe Lallouz(Founder)

BoardNicholas Chirls(Director)in

Co-investorsA.Capital VenturesBlockchain CoinvestorsCharge VCCollab+CurrencyConsenSys MeshF-Prime Capital+8 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

A-Frame BrandsAdytonAtomicCoordinateDrifter EntertainmentEgomotionGarage TechnologiesHelloOffice

Browse all 333 investments with full details →

▶133 more tracked companies

Modulo BioMom ProjectMove LootNanovmsNaraNarratorNational Finance OlympiadNoScrubsNoScrubsNoScrubs Laundry DeliveryNotionlyticsNumeroOpen ListingsOrbio EarthOrbital OperationsOrderAheadOrderfulPano AIPanorama EducationPapaPaperspaceParchaParchaPartifulPatreonPaxPenciledPermitFlowPicogridPlanGridPlate IQPlaygroundPogoPoker SkillPollyPolychainPriceonomicsPriimeProduct HuntProudlyPushbulletRadial AnalyticsRainforestRankScienceRealCrowdRed Planet LabsReibus LogisticsRescaleRidecellRipplingRoRobocurveRockSolid NetworkRoostRosebudRoutefusionRunwayRunwiseSabiSafari AISatsumaSatsumaScreenheroSeamflowSendHubSendwaveSenecaSeneca SystemsShelf EngineShogunShopmySiftSiloSimple HealthKitSkipSkySelectSlidePaySolSoylentSpace ApeSpaceium IncSPATESpecCheckSpoonRocketStackerStandard AIStandard CognitionStandard HoldingsStar CatcherStellar SleepStreakSvbtleSwiftypeSXDSynquoteTabnamTalosTeespringTerminal49TermiusTerravionThe Bland CompanyThe CoterieThe ExpertThe Mom ProjectTheoremTigerEyeTiltTorchTrieveTriloTriplebyteTRM LabsTrue LinkTruepillTrunkTwo TapUpcallUpwaveURXValar AtomicsVariantVetcoveVibe BioVivalyxwithcoWorkRampXkitZentailZeroEntropyZeusZoltar LabsZoomer

Exits · 73

6 IPOs · 67 acquisitions · showing 14

BlendNYSE: BLNDCoinbaseNasdaq: COINInstacartNASDAQ: CARTOpendoorNASDAQ: OPENRedditNYSE: RDDTWeaveNYSE: WEAVBison Trailsacq. by CoinbaseCarlypsoacq. by CarvanaClipboardacq. by CompassCohereacq. by Rampeqtbleacq. by ParadoxGobbleacq. by Intelligent FoodsGuildedacq. by RobloxHelloSignacq. by Dropbox

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Initialized Capital made?
Initialized Capital has 333 tracked investments, 73 of which have exited, including 29 dated in the last 24 months.
What stage does Initialized Capital invest at?
Initialized Capital invests at the Pre-Seed, Seed stages.
What is Initialized Capital's typical check size?
Initialized Capital typically writes checks of $1M – $5M.
What sectors does Initialized Capital focus on?
Initialized Capital focuses on AI & Machine Learning, Climate Tech, Consumer, Crypto & Web3, Deep Tech, Enterprise Software, Healthtech, New Materials, SaaS, Sector Agnostic.
Where is Initialized Capital located?
Initialized Capital is headquartered in San Francisco, US.
Does Initialized Capital lead rounds?
Yes, Initialized Capital leads investment rounds.
Who does Initialized Capital co-invest with?
Initialized Capital most often shares deals with Y Combinator, Alumni Ventures, Andreessen Horowitz, among 700 tracked co-investors.

Media · Podcasts & interviews

featuring the team

E744: Kim-Mai Cutler of Initialized Capital & TechCrunch on affordable housing crisis in SF Bay Area

This Week In Startups · Kim-Mai Cutler

Garry Tan: Own Your Intelligence

Startup School · Garry Tan

Alexandr Wang: “This is a Once-in-a-Civilization Opportunity”

Startup School · Garry Tan

Sam Altman: "Never a Better Time to Do a Startup"

Startup School · Garry Tan

Jensen Huang: The Mindset That Built NVIDIA

Startup School · Garry Tan

The New Physics of Business — Garry Tan, Y Combinator

AI Engineer · Garry Tan

Co-investors · 107

GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Khosla Ventures

Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.

$100K – $20M
First Round Capital

First Round Capital is an early-stage venture firm partnering with founders at the very first stages of company creation, backing companies from angel through seed with hands-on support across GTM, recruiting, and operations.

$100K – $20M
Kleiner Perkins

Kleiner Perkins is a venture capital firm that backs founders across technology and life sciences, from early stage through growth.

$500K – $15M
Slow Ventures

Slow Ventures is a generalist early-stage venture capital firm founded in 2011, with offices in San Francisco, Boston, and New York, investing in the earliest rounds of companies across many sectors.

$50K – $1M
Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

$50K – $100M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$500K – $100M
▶95 more co-investors

Menlo VenturesKapor CapitalIndex VenturesThrive CapitalWinklevoss CapitalNotable CapitalBuckley Ventures Management Company LlcLerer HippeauGeneral AtlanticFounder CollectiveLux CapitalForerunner VenturesEarl Grey CapitalBenchmarkBain Capital VenturesCoalition OperatorsInsight PartnersNorwest Venture PartnersMantis CapitalAirTree VenturesUlu VenturesNorthzoneInspired CapitalHelium-3 VenturesAmbush CapitalMaven VenturesShield CapitalCastle Island VenturesMagnify VenturesLong Journey VenturesGradient VenturesIntel CapitalHigh AlphaOMERS VenturesBreakthrough Energy VenturesGiant Ventures Global LlpImmeasurableTrucks VC1984 Ventures Management, LlcRoot Ventures Manager, LlcTrust FundFoundamentalGrotech VenturesCerity Partners VenturesCongruent VenturesOCA Ventures7GC & CoUberEverywhere VenturesTq Ventures LlcDell Technologies Capital7percent VenturesHighland Capital PartnersVitalStage VenturesJetstreamArchetypeBBG VenturesPIPELINE CAPITAL PARTNERSEVE AtlasBlack Jays VenturesImpellent VenturesTrammell Venture Partners (TVP)Volition CapitalCubit CapitalUnshackled VenturesClayton Dubilier & Ricemark vcLookout VenturesStride VCBAM Ventures2xNGalaxy Digital Assets FundProximity VenturesSweet CapitalSolana VenturesStealth CapitalParadox CapitalJAZZ Venture PartnersGeek VenturesArriveVista Venture PartnersStellation CapitalAlpha EdisonGemini Israel VenturesAvalanche VCDivergent CapitalSandbox IndustriesImaginary Venture CapitalArbor VenturesCollab CapitalConnectivity VenturesConteur Capital PartnersDarkmode VenturesFour Acres CapitalShareBear Ventures LP

Firms observed investing alongside Initialized Capital, from public investor directories. Shared companies are the overlap with Initialized Capital's recorded portfolio.

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