🦊/Investors

Initialized Capital

Venture capitalActively deployingoperating company · company profile

San Francisco · Pre-Seed–Seed · 30 people tracked

Also known as INITIALIZED CAPITAL MANAGEMENT, LLC

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12,160 people in our graph share verified history with the Initialized Capital team — schools, employers, funds. One of them is your warm intro.

Ryan Isonounlockedknows Kim-Mai Cutler · together at PermitFlow (overlapped)
×3knows the team · via Y Combinator
knows the team · via Stanford University
×6knows the team · via Index 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 15, 2026.

Stage
Pre-Seed–Seed
Check
$1M – $5M
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2012
Last 12 months
10 investments
AUM
$3.2B
VC funds
23
Tracked investments
135
Unicorns
1
Acquisitions
23

Team · 30 people

from the firm's website & curated & public directories
Harjeet Taggar· General Partner
Alina Libova· General Partnerin𝕏

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

What they invest in

from 121 of 135 portfolio companies

AI & Machine Learning ×57SaaS ×53Enterprise Software ×49Developer Tools ×21Fintech ×17Healthtech ×15Consumer ×14Advanced Manufacturing ×12

HQs:United States×98United Kingdom×6Canada×2Sweden×2Spain×1France×1

Investments · 135 tracked

founders shown can be your intro path

By year:2026 · 92025 · 122024 · 102023 · 112022 · 192021 · 82020 · 92019 · 22018 · 52017 · 42015 · 22014 · 394 dated

Aframebrandsaframebrands.comin✓ 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, CEO)Hill Harper(Co-Founder)

Co-investorsForerunner VenturesSlauson & Co.

Datasaurdatasaur.aiin𝕏✓ 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)in

Co-investorsJ17 CapitalY CombinatorGold House VenturesTenOneTen Ventures

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-investorsRoot VenturesBeyond CapitalOverlineRoot Ventures Manager, LlcTechstarsEVE Atlas+2 more

Mabletrymable.comin𝕏✓ 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 Govnder

Co-investorsUnderscore VCVenrockY CombinatorArkitekt VenturesFirst In Ventures

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(Founder/CEO)in

Co-investorsY Combinator408 VenturesBrighter CapitalSLVC

OutRival, Inc.outrival.comin𝕏✓ 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(CEO & Co-Founder)inTimur Meyster(Founder)in

Co-investorsY CombinatorBronze InvestmentsNecessary VenturesOpen Opportunity FundChingona Ventures

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

Co-investorsCreator VenturesD&FG ElementsSeven Seven Six

Repacketrepacket.cominJun 2023✓ verified

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

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSVancouver, CA

Noah Stanford(Founder)in

Co-investorsY Combinator645 Ventures468 Capital

Alixmeetalix.comin𝕏Jul 2025SEC filingmedium confidence

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 & CEO)inShital Ashok Mehta(Executive Officer, Director)Hugh Tamassia(President)inBill Hawley(COO)Dale Hill(CFO)inTim Myers(CTO)in

Board seatAndrew Sather· per SEC Form D · $30.7M raise · filed Jul 2025

Co-investorsAcrew CapitalAmerican Family VenturesCameron VenturesMagnify VenturesScribble Ventures

Sygaldry Technologiessygaldry.comin𝕏Mar 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(Founder)inIdalia Friedson(Founder)in

BoardChristian Garcia(Director)inMichael Keiser(Director)

Board seatAndrew Sather· per SEC Form D

Co-investorsEarth Venture CapitalExpeditionsGarage CapitalMVP VenturesPage One VenturesQubits Ventures+8 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(Founder)in

Co-investorsY CombinatorCivilization Ventures Management, Llc

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(Founder and CEO)inAndrew Reiter(Founder and COO)inVishnu Tejus(Founder and CTO)in

Co-investorsY CombinatorCivilization Ventures Management, Llc

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)in

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(Director)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)

BoardMorgan Hitzig(Director)in

Co-investorsKindred VenturesAlumni VenturesKhosla VenturesLiquid VenturesPalumni VCVenrock

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(Executive Officer, Promoter)inDylan Betts(Executive Officer)in

BoardChristian Garcia(Director)inRaj Shah(Director)in

Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesBreakthrough Energy VenturesDnx VenturesJetstream+12 more

Animationanimation.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-investorsSarah Smith75 & SunnyCosmic Venture PartnersCoughdrop CapitalDapper LabsDreamers VC+5 more

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(Founder)inJoe Hewett(Founder)in

Co-investorsEntrepreneur FirstMITONMyAsiaVCTranspose Platform ManagementY Combinator

AstroForgeastroforge.ioin𝕏May 2022 · $13M

AstroForge builds low-cost spacecraft for tracking and mining metal-rich asteroids in deep space, targeting platinum group metals extraction for industrial and space applications.

Advanced ManufacturingDeep TechHardwareNew MaterialsRoboticsSpace TechLos Angeles, US

Matt Gialich(Founder/CEO)inJose Acain(Executive Officer, Director)in

BoardJustin Hamilton(Director)

Co-investorsKohala VenturesOutliers FundPalm Drive CapitalUndeterred CapitalWayfinder VenturesY Combinator+4 more

Athelasathelas.comin𝕏Jan 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)in

BoardHemant Taneja(Director)in

Co-investorsAmity VenturesDorm RoomFifty YearsGeneral CatalystHuman CapitalLiquid Ventures+5 more

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.comin𝕏Sep 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)in

Co-investorsFelicis VenturesK5 GlobalY CombinatorKhosla Ventures

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(Founder/CTO)in

Co-investorsFundersClubY CombinatorSlow Ventures

Beeperbeeper.comin𝕏Acquired

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)in

Co-investorsY CombinatorSV Angel

Berbixberbix.comin𝕏Acquired

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)in

Co-investorsDream MachineFikaY CombinatorFika VenturesMayfield FundTwenty Two Ventures

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)inHugo Tarle(Executive Officer, Director)inValentin Chomel(Executive Officer, Director)inEloa Guillotin(Executive Officer, Director)in

BoardJon Dishotsky(Director)in

Co-investors7percent VenturesDaft CapitalFemale FoundersGiant Ventures Global LlpJuniperKima Ventures+5 more

Bison Trailsbisontrails.coin𝕏acquired by Coinbase

Crypto & Web3Developer ToolsFintechSaaSSan Francisco, US

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

BoardNicholas Chirls(Director)in

Co-investorsA.Capital VenturesBlockchain CoinvestorsCollab+CurrencyConsenSys MeshF-Prime CapitalHomebrew+4 more

BloomThatbloomthat.comAcquired

BloomThat offers same-day and next-day flower delivery through a mobile app and website, serving customers in major U.S. cities and nationwide.

ConsumerSan Francisco, US

Matthew Schwab(Founder/President)inDavid Bladow(Founder)inChad Powell(Founder/Product + Technology)in

Co-investorsFundersClubY CombinatorFirst Round CapitalForerunner VenturesRainfall VenturesRothenberg Ventures+1 more

Bristlebristlehealth.comin𝕏

Bristle provides digital tools and insights to help people assess and improve their oral health, positioning dental care as a preventive step toward overall wellness.

Digital HealthHealthtechWellness & FitnessSan Francisco, US

David Lin(Founder)inBrian Maurer(Founder)inShivam Patel(Founder)in

Co-investorsR/GA VenturesY Combinator645 VenturesAxial VC

Buttercoinbuttercoin.comDefunct

Buttercoin operates an open-source trading engine that matches buy and sell orders for digital assets on an order book.

FintechMarketplacesNew York City, US

Bennett Hoffman(Founder)in

Co-investorsY CombinatorFloodgate

Calizacaliza.comin𝕏

Caliza provides global payment and USD account infrastructure for businesses that need cross-border financial services.

Fintech

Co-investorsBetter Tomorrow VenturesAbstract VenturesValor Capital Group

Calizacaliza.coin𝕏

Caliza provides cross-border payment infrastructure that lets international businesses make instant global payouts, open multi-currency and USD-denominated accounts, run FX and treasury operations, and transact in fiat or stablecoins.

Crypto & Web3FintechSaaS

Co-investorsAbstract VenturesDigital Currency GroupDunbar CapitalKraynos CapitalQED InvestorsQuona Capital+2 more

CapWaycapway.com𝕏Defunct

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 FundIndicator Ventures+2 more

Chartablechartable.comin𝕏Sep 2020 · $2.3M

Megaphone (at chartable.com) is a podcast hosting and monetization platform that lets creators and publishers distribute episodes to podcast apps, insert dynamic ads, and access the Spotify Audience Network.

AdTechCreator EconomyMedia & Entertainment

Co-investorsGreycroftGreycroft PartnersThe Fund

Cofertilitycofertility.cominApr 2025

Cofertility is a fertility company focused on the family-building journey, offering egg freezing, egg donation matching, and related support services to individuals and families.

Digital HealthFemTechHealthtechNew York, US

Lauren Makler(CEO, Co-Founder)inHalle Tecco(Chair, Co-Founder)inArielle Spiegel(Advisor, Co-Founder)in

Co-investorsCoalition OperatorsEverywhere VenturesForeground CapitalHow Women InvestMuse CapitalNext Ventures+6 more

Cogramcogram.comin

Cogram builds AI-powered software tools for architects and engineers to automate documentation, reporting, and information retrieval from construction and architectural projects.

AI & Machine LearningConstruction TechEnterprise SoftwareFuture of WorkSaaSNew York City, US

Alexander von Boetticher(Founder)inRicardo Wölker(Founder)in

Co-investorsCreative Destruction Lab (CDL)JovonoY Combinator

CoinTrackercointracker.comin𝕏Jan 2022 · $100M

CoinTracker is a cryptocurrency tax software platform that automatically imports transactions from wallets and exchanges to calculate gains, losses, and generate IRS-ready tax reports for US investors.

Crypto & Web3FintechSaaSSan Francisco, US

Jon Lerner(Founder)in

Co-investorsAccelBalaji SrinivasanY CombinatorCoinbase VenturesGeneral CatalystKindred Ventures+1 more

CoinTrackercointracker.ioJan 2022 · $100M

CoinTracker is crypto portfolio tracking and tax software that syncs wallets and exchanges to generate IRS-ready tax forms.

Jon Lerner(Founder)in

Co-investorsAccelCoinbase VenturesHomebrewKindred VenturesGeneral CatalystKraken Ventures+1 more

Coperniqcoperniq.ioin𝕏Nov 2023 · $4M

Coperniq provides an operating system for residential and commercial contractors that unifies sales, project management, service operations, and AI agents across multiple trades.

AI & Machine LearningClimate TechEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US

Abdullah Al Zandani(Founder)inMax Kazakov(Founder)in

Co-investorsY Combinator

Crewline AIcrewline.aiin

Crewline sells a retrofit autonomy kit that converts existing construction machines—starting with vibratory drum rollers, with dozers, rock trucks and excavators in development—into self-driving equipment backed by remote operators and 24/7 monitoring.

AI & Machine LearningConstruction TechRoboticsLondon, GB

Frederik Filz-Reiterdank(CEO)inMohamed Sadek(CTO)in

Co-investorsBegin CapitalEntrepreneur FirstTranspose Platform ManagementNebular

Culdesacculdesac.comin𝕏Jan 2022

Culdesac is a real estate developer and neighborhood manager that builds and operates walkable, mixed-use car-free communities designed to foster local business and community engagement.

Construction TechConsumerMobility & TransportationPropTechSan Francisco, US

Jeff Berens(Founder)inRyan Johnson(Founder)in

Co-investorsFloodgateWinklevoss CapitalY CombinatorZigg CapitalBalaji SrinivasanFounders Fund+3 more

Curricurri.comin𝕏Jun 2023 · $42M

Curri provides logistics and delivery solutions for the construction and industrial materials supply chain.

AI & Machine LearningConstruction TechLogistics & Supply ChainPropTechSaaSLos Angeles, US

Brian Gonzalez(Founder)inMatthew Lafferty(Founder)inMattin

Co-investorsBessemer Venture PartnersBrick Mortar VenturesY CombinatorRainfall Ventures

Depictdepict.aiinFeb 2022 · $17M

Depict builds a merchandising platform for brand-led e-commerce that enables brands to curate and control product discovery experiences online using AI, similar to the control they have in physical retail stores.

AI & Machine LearningE-commerceEnterprise SoftwareMarketing TechSaaSStockholm, SE

Oliver Edholm(Founder)inJosep Nolla(CEO)in

Co-investorsNorthzoneY CombinatorEQT VenturesTiger Global Management

Depictdepict.comJul 2014 · $2.7M

San Francisco, US

Shambhavi Kadam(Executive Officer, Director)Kimberly Gordon(Executive Officer, Director)

BoardMichael Baum(Director)

Co-investorsEQT VenturesNorthzoneSlow VenturesTiger Global ManagementY Combinator

Eclipse Foodseclipsefoods.comin𝕏Mar 2022

Eclipse Foods makes plant-based ice cream designed to replicate the taste and texture of dairy ice cream using plant-derived ingredients.

Climate TechConsumerFoodTechSan Francisco, US

Aylon Steinhart(Founder)inThomas Elliott Bowman(Founder)in

BoardKoichiro Nakamura(Director)inEurie Kim(Director)in

Co-investorsSozo VenturesY CombinatorAera VCForerunner VenturesGaingels

Empowerempowercultura.esinSep 2022 · $150M

Empowercultural provides cultural accessibility solutions for museums, art centers, and cultural institutions, with a focus on ensuring people with autism and other needs can participate in cultural experiences without barriers.

EdTechImpact & Social GoodMadrid, ES

Co-investorsShip2BAtreides ManagementBlisceCapitalGCommunity Investment ManagementFidelity Investments+6 more

Enhanced Radarenhancedradar.comin𝕏May 2026 · $7M

Enhanced Radar develops aviation-grade AI training datasets for pilot-controller communications, with end-to-end quality control from data collection through labeling.

Advanced ManufacturingAI & Machine LearningDeep TechSpace TechSan Francisco, US

Eric Button(Founder)inKristian Gaylord(Founder)in

Co-investorsDCVC (Data Collective)Decisive PointSpacecadet VenturesY CombinatorLombardstreet Ventures

eqtbleeqtble.cominSeed · Jun 2021 · $3Macquired by Paradox

eqtble provides a people analytics platform that helps HR and talent leaders analyze workforce data to inform employment decisions.

Enterprise SoftwareHR TechSaaSNew York City, US

Joseph Ifiegbu(Founder)inGabe Horwitz(Founder)inEthan Veres(Founder)in

Co-investorsOpen Opportunity FundOUTBOUND CAPITALRoot and Shoot VenturesY Combinator

Formicformic.aiJun 2024

Formic builds enterprise AI for regulated industries such as legal, federal regulation, and defence, using a neuro-symbolic deterministic retrieval architecture that returns answers sourced from an organisation's own documents with citations traceable to the exact source page.

AI & Machine LearningEnterprise SoftwareLegalTech

Co-investorsBlackhorn VenturesLux CapitalS2G InvestmentsTreefrogAlumni VenturesFJ Labs+3 more

Formic Technologiesformic.coin𝕏Sep 2020

Formic develops automation and robotics solutions for factories to increase production capacity and reliability while reducing costs, downtime, and safety risks.

Advanced ManufacturingAI & Machine LearningRoboticsChicago, US

Saman Farid(Founder & CEO)inMisa I.(Founder)in

BoardGarry Tan(Director)in

Co-investorsAlumni VenturesBlackhorn VenturesBlue Ivy VenturesCarnrite VenturesChapter OneCorrelation Ventures+10 more

Fourth Wallfourthwall.com𝕏Nov 2021 · $17M

Fourthwall is a platform that lets content creators build branded storefronts with video memberships, offering native 1080p video hosting, embedded video support, and subscription tiers for exclusive content.

Creator EconomyE-commerceMedia & EntertainmentSaaS

Will Baumann(Founder)inWalker Williams(Founder)inEli J. Valentin(Founder)in

Co-investorsElizabeth Street VenturesShrug CapitalVibe CapitalLightspeed Venture PartnersSeven Seven Six

Freedom Roboticsfreedomrobotics.aiApr 2019

Platform for controlling and managing robotic systems

San Francisco, US

Joshua Wilson(Executive Officer, Director)Dimitri Onistsuk(Executive Officer)Hans Lee(Executive Officer)

Co-investorsGreen Cow Venture CapitalLiquid VenturesS28 Capital

Garageshopgarage.comin𝕏

Shop Garage is an online marketplace for buying and selling specialized vehicles and equipment including fire trucks, ambulances, heavy machinery, and other emergency response vehicles.

AI & Machine LearningEnterprise SoftwareMarketplacesNew York City, US

Martin Hunt(Founder)inAlaz Sengul(Founder)in

Co-investorsInfinity VenturesY CombinatorBenchstrength PartnersFJ Labs

Garagegaragexyz.com𝕏

Garage XYZ builds a community platform for motorsport fans to engage with drivers and brands, enabling fans to discover, fund, and manage drivers in professional racing series.

ConsumerCrypto & Web3SocialSports Tech

Co-investorsCosmic Venture PartnersFJ LabsWayfinder VenturesY Combinator

Glass Healthglass.healthin𝕏Aug 2019 · $5M

Glass Health provides an AI platform that assists clinicians in generating diagnostic hypotheses and developing treatment plans.

AI & Machine LearningHealthtechSaaSSan Francisco, US

Dereck Paul(Founder/CEO)inWilliam Hart(Founder/CTO)inBrett Plotzker(Executive Officer, Director)Jeremy Bluvol(Executive Officer)

BoardHari Sundram(Director)Jeffrey Parkinson(Director)

Co-investorsBreyer CapitalHeadwater VenturesY Combinator645 Venturesxfactor ventures

Gobblegobble.comin𝕏Sep 2017acquired by Intelligent Foods

Gobble is a meal kit delivery service that provides pre-prepped ingredients and recipes designed for home cooks to prepare fresh dinners in 15 minutes.

ConsumerFoodTechSan Francisco, US

Ooshma Garg(Founder/CEO)in

BoardAjay Chopra(Director)in

PartnerGarry Tan· quoted

Co-investorsAndreessen HorowitzBling CapitalY CombinatorKhosla VenturesTrinity Ventures

Greptilegreptile.comin𝕏Seed · Sep 2025 · $25M

Greptile provides AI agents that review and test pull requests by constructing a graph index of the codebase and using a swarm of agents to detect code quality issues, security risks, and logical bugs across multiple files.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Daksh Gupta(Founder)inSoohoon Choi(Founder)inVaishant Kameswaran(Founder)in

Co-investorsY CombinatorBenchmarkBrowder CapitalCyberlaunch

Guide Labsguidelabs.aiin𝕏Seed · Jun 2024 · $9M

Guide Labs is a product-focused research company developing interpretable AI systems that humans and domain experts can understand, steer, and debug.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

Julius Adebayo(Founder)inFulton Wang(Executive Officer, Director, Promoter)inAya Abdelsalam Ismail(Founder)in

Co-investorsLombardstreet VenturesY CombinatorTectonic Ventures

Guildedguilded.ggin𝕏acquired by Roblox

A group communication platform for gaming communities that includes built-in calendars, discussion boards, and additional collaboration tools.

ConsumerGamingSan Francisco, US

Eli Brown(Founder & CEO)in

Co-investorsFundersClubY CombinatorMatrixSusa Ventures

Other

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

A-Frame BrandsAzuraCoordinateEgomotionGarage TechnologiesHelloOfficeMom ProjectNoScrubs Laundry DeliveryRockSolid NetworkStandard Holdings

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 23

23 acquisitions · showing 7

Bison Trailsacq. by Coinbaseeqtbleacq. by ParadoxGobbleacq. by Intelligent FoodsGuildedacq. by RobloxPaperspaceacq. by DigitalOceanSendwaveacq. by WorldRemitWorkRampacq. by Learning Pool

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Initialized Capital made?
Initialized Capital has 135 tracked investments, 23 of which have exited, including 24 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, DCVC (Data Collective), Drive Capital, among 11 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 · 106

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Khosla Ventures

Khosla Ventures is a venture capital firm founded by Vinod Khosla.

$5K – $50M
Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M
Accel

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

$1.6M – $70M
Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
Forerunner Ventures

Forerunner Ventures is a venture capital firm that backs companies redefining consumer behavior, health, commerce, fintech, and AI-native products.

Both backed · 4
BloomThatEclipse FoodsA-Frame BrandsAframebrands
$1M – $20M
Benchmark

Benchmark is a venture capital firm with offices in San Francisco and Woodside that invests in early-stage startups.

Both backed · 3
$100K – $30M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 2
$4.4M – $214M
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.

Both backed · 2
$5M – $100M
Insight Partners

Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.

Both backed · 2
$120M – $350M
First Round Capital

First Round Capital is an early-stage venture firm that backs companies at their earliest moments, often before they are named, across enterprise, AI, consumer, healthcare, fintech and hardware sectors.

Both backed · 2
$1M – $7M
Kleiner Perkins

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

$500K – $15M
94 more co-investors

Slow VenturesLux CapitalWinklevoss CapitalNorthzoneHigh AlphaOMERS VenturesBreakthrough Energy VenturesEarl Grey CapitalGiant Ventures Global LlpFoundamentalCoalition OperatorsGrotech VenturesCerity Partners VenturesOCA Ventures7GC & CoMagnify VenturesGV (Google Ventures)Founder CollectiveNotable CapitalBain Capital VenturesMenlo VenturesEverywhere VenturesNorwest Venture PartnersGradient VenturesKapor CapitalUlu VenturesThrive CapitalIntel CapitalGeneral Atlantic7percent VenturesHelium-3 VenturesJetstreamImmeasurableRoot Ventures Manager, LlcBBG VenturesMaven VenturesCongruent VenturesAirTree VenturesShield CapitalEVE AtlasCastle Island VenturesCubit CapitalIndex VenturesLong Journey VenturesUberLookout VenturesStride VCBuckley Ventures Management Company LlcLerer HippeauBAM VenturesTq Ventures LlcDell Technologies CapitalFuel CapitalInspired Capital2xNGalaxy Digital Assets FundHighland Capital PartnersVitalStage VenturesSweet CapitalSolana VenturesMantis CapitalStealth CapitalTrucks VC1984 Ventures Management, LlcParadox CapitalAmbush CapitalTrust FundArchetypeJAZZ Venture PartnersGeek VenturesPIPELINE CAPITAL PARTNERSArriveVista Venture PartnersStellation CapitalAlpha EdisonGemini Israel VenturesAvalanche VCDivergent CapitalSandbox IndustriesImaginary Venture CapitalArbor VenturesBlack Jays VenturesCollab CapitalConnectivity VenturesConteur Capital PartnersImpellent VenturesTrammell Venture Partners (TVP)Volition CapitalDarkmode VenturesUnshackled VenturesClayton Dubilier & Ricemark vcFour 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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