Initialized Capital — 2022 Investments

Eclipse Foods develops plant-based dairy products that aim to match the taste, texture, and functionality of conventional dairy, using a micelle-based platform.

Climate TechConsumerFoodTechSan Francisco, US

ASAylon Steinhart(Founder)inTEThomas Elliott Bowman(Founder)inTBThomas Bowman(Founder)inMatt GrebilinJess Chen(Internal Operations Manager)Katie Sedgwick(Director, People \u0026 Culture)

Co-investorsSOSozo VenturesY Y CombinatorFOForerunner VenturesGAGaingelsIMImpossible FinanceMEMETA Group+12 more

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

THTopher Haddad(Founder)inALAyJay Lasater(Founder)inWTWinston Tri(Founder)inDBDylan Betts(Executive Officer)inAjJay Lasater(Founder)Becca Zukowski(Lead Recruiter)

Co-investorsANAngel Collective Opportunity FundBLBlack FlagBOBooz Allen VenturesBRBreakthrough Energy VenturesCOCommodity CapitalCUCubit Capital+26 more

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

SGSergey Gonchar(CEO)inEZEugene Zatepyakin(CTO)ENEugene Nevgen(CSO)inAYAndrew Yanchurevich(CPO)in

Co-investorsPIPID Fund I, a series of DV Collective, LPSASarah SmithUNUncommon Projects Capital Management7575 & SunnyCOCosmic Venture PartnersCOCoughdrop Capital+7 more

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

DMDavid Mlcoch(CEO)inJHJoe Hewett(CTO)in

Co-investorsENEntrepreneur FirstMIMITONMYMyAsiaVCTRTranspose Platform ManagementY Y CombinatorBABalderton Capital+12 more

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

JAJose Acain(CTO)inMGMatt Gialich(CEO)inMatthew Gialich(Founder)Chanel Ross(Technical Recruiter)

BoardJustin Hamilton(Director)

Co-investorsAEAera VCAMAmbush CapitalBBBBQ CapitalEAEarthrise VenturesGAGaingelsINIndustrious Ventures+24 more

Athelas, now part of Commure, develops a suite of AI tools for healthcare providers and administrators, including ambient clinical documentation, provider copilots, autonomous coding, and revenue cycle management.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechSaaSSan Francisco, US

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

Co-investorsAMAmity VenturesDODorm RoomFIFifty YearsGEGeneral CatalystHUHuman CapitalLILiquid Ventures+10 more

CoinTracker is a crypto tax platform with over 100,000 paying subscribers, and is launching Nino, an AI-driven financial planning service paired with dedicated CPA and CFP professionals.

AI & Machine LearningCrypto & Web3FintechSaaSSan Francisco, US

JLJon Lerner(Co-founder & CEO)inChandan Lodha(Founder)Jacob Wong(Chief of Staff)Vera Tzoneva(COO)Zack Reneau-Wedeen(Product Lead)Jakub Wojnar-Płeszka(Product Designer)

Co-investorsACAccelBABalaji SrinivasanCOCoinbase VenturesGEGeneral CatalystHOHomebrewKIKindred Ventures+8 more

CreatorDAO provides funding, custom tooling, and training to online content creators.

Creator EconomyMedia & Entertainment

JWJonathan Wald(Founder)in

Co-investorsIMImmad AkhundKYKygoPAParis HiltonTHThe ChainsmokersMAMantis Capital6T6th Man Ventures+11 more

Culdesac is a real estate developer and property manager that designs, builds, and operates walkable, car-free neighborhoods combining residential units with local retail, commercial space, and public open areas.

Construction TechConsumerMobility & TransportationPropTechSan Francisco, US

JBJeff Berens(Founder)inRJRyan Johnson(Founder)inRaunaq Singh(Business Operations)Jeremy Tarbutton(Talent Acquisition)

Co-investorsFLFloodgateSOSoma CapitalWIWinklevoss CapitalY Y CombinatorZIZigg CapitalBABalaji Srinivasan+14 more

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

OEOliver Edholm(Founder/CEO)inJNJosep Nolla(CEO)inAOAnton Osika(Founder)inLHLonis Hamaili(Founder)inAnna Gross(Director of Operations)Dafydd Foster Davies(Growth)

Co-investorsNONorthzoneY Y CombinatorAJAJGBRBrowder CapitalCRCreandumEQEQT Ventures+5 more

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-investorsSHShip2BATAtreides ManagementBLBlisceCACapitalGCOCommunity Investment ManagementFIFidelity Investments+6 more

Envoy America provides transportation and care coordination services for patients, older adults, and individuals with disabilities through partnerships with healthcare systems and senior living communities.

HealthtechLogistics & Supply ChainMobility & TransportationWellness & FitnessScottsdale, US

K.C. Kaanan(Co-founder and CEO)

Co-investorsCYCypress Growth CapitalFJFJ LabsMYMyelin VCSEService Provider CapitalANAndreessen HorowitzBUBuilding Ventures+6 more

Invisible Universe is an animation studio that creates original animated characters and launches them on social platforms like TikTok, Instagram, and YouTube before expanding into film, TV, publishing, games, merchandise, music, and licensing.

AI & Machine LearningConsumerCreator EconomyMedia & Entertainment

Co-investorsCOCosmic Venture PartnersGAGaingels7575 & SunnyDADapper LabsDRDreamers VCFRFranklin Templeton+3 more

Kinside provides booking and payment infrastructure for the care economy, starting with child care, a sector it describes as largely undigitized and cash-driven.

B2B MarketplacesConsumerFintechHealthtechMarketplacesSaaSSan Francisco, US

AHAbe Han(Founder)inSSShadiah Sigala(Founder)inRob Bircher(CRO)Brittney Barrett(Head of Marketing)Rahim Jadavji(Lead Engineer)

Co-investorsABAble PartnersALAlumni VenturesMAMagnify VenturesMAMaven VenturesMUMuse CapitalTETechstars+10 more

Mindstate Design Labs is a clinical-stage drug development company that uses AI to map the biological basis of emotion and cognition, synthesizing psychedelic phenomenology and biochemical data to design pharmaceutical compounds that induce specific therapeutic emotional and cognitive states for mental health treatment.

AI & Machine LearningBiotechHealthtechMental HealthSan Francisco, US

DDDillan DiNardo(CEO)inTRTom Ray(Founder)inTegan Johnson(Director of Operations)

BoardRand Hindi(Director)in

Co-investorsARARA NEA Ventures (Brand: Dmz.Xyz)BLBlast.ClubEMEmpath VenturesGAGaingelsIMImmeasurableMEMetaplanet+15 more

Pano develops artificial intelligence and machine learning technology solutions to help utility companies and fire agencies detect and manage wildfire threats.

AI & Machine LearningClimate TechDefense TechEnterprise SoftwareMedia & EntertainmentCambridge, US

SKSonia Kastner(Co-Founder & CEO)inASArvind Satyam(Co-Founder & Chief Commercial Officer)in

Co-investorsALAlumni VenturesATAthletic VenturesCECerity Partners VenturesCHChrysalixCOCongruent VenturesCOConvective Capital+9 more

Pogo provides real consumer behavior data and qualitative research for investors and consultants conducting diligence, portfolio strategy analysis, and thought leadership.

AI & Machine LearningData & InfrastructureFintechMarketing TechSaaS

Shikhar Mohan(Founder)inDWDom Wong(Founder)inDom Wong. Dom Wong(Founder)Oskar Melking(Founder)

Co-investors2020VCADAdapt VenturesEAEarl Grey CapitalFLFlucas VenturesMAMantis CapitalRARackhouse Venture Management Lp+11 more

Radial Analytics provides real-time clinical and operational decision support for healthcare organizations, helping identify coding opportunities, reduce hospital length of stay, and mitigate readmission risk through unified data analytics and care coordination workflows.

Data & InfrastructureEnterprise SoftwareHealthtechSaaSActon, US

Dr. Anant Vasudevan(Co-founder)EWEric Weiss(Co-founder)inThaddeus Fulford-Jones(Co-founder)in

BoardGabriel Weinberg(Director)

Routefusion offers a single API for cross-border payments, letting platforms send payments to 180+ countries, open accounts in 12 currencies, and access FX, SWIFT, and local pay-in/payout infrastructure.

Developer ToolsEnterprise SoftwareFintechSaaS

RSRichard Scappaticci Jr(Founder)inNSNabeel Siddiqui(Founder)inColton Seal(Founder)

Co-investorsSISilverton PartnersPEPeakSpan Capital PartnersCACanvas VenturesHAHaymaker Ventures

Runway builds AI models that simulate the world by merging art and science, pioneering general-purpose multimodal simulators focused on applications in robotics, scientific discovery, and disease modeling.

AI & Machine LearningCreator EconomyDeep TechMedia & EntertainmentNew York, US

CVCristóbal Valenzuela(Founder)inAGAnastasis Germanidis(Founder)inAnastasios Germanidis(Director)Alejandro Matamala-Ortiz(Founder)Arya Asemanfar(Founder)Cristobal Valenzuela(Founder)

Co-investorsAMAmplify PartnersAVavraCOCoatue ManagementCOCompoundDRDreamers VCFEFelicis Ventures+21 more

Synq is a non-custodial trading platform that lets users trade tokens across multiple EVM and SVM blockchains (including Solana, BSC, Base, Ethereum, and Monad) from a single account and balance, without bridging or gas fees.

Crypto & Web3FintechSan Francisco, US

AAAhmed Attia(Founder)in

Co-investorsCOCoinbase VenturesPOPolygon

Allocate is a technology platform that enables wealth advisory firms and asset managers to manage private markets investments at scale, offering AI-powered diligence workflows, white-labeled investment vehicles, and unified portfolio tracking.

AI & Machine LearningFintechSaaSPalo Alto, US

Jeson Patel(Founder)

Co-investorsANAndreessen HorowitzGRGradient Ventures

Torch is a learning and development company that provides coaching and mentorship to help employers manage and measure employee growth, pairing high performers and new managers with a pool of over 6,000 mentors and coaches.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechMarketplacesSaaSSan Francisco, US

CYCameron Yarbrough(CEO)inKWKeegan Walden(COO)inJohn Baunach(Head of Product)inScott Mercer(CTO)Tierra Terrell-Johnson(HR Lead)

Co-investorsKIKindred VenturesNONorwest Venture PartnersOBObvious VenturesPIPioneerRERefinery VentureSOSoma Capital+11 more

Torch provides universal identity governance software that extends governance capabilities to all enterprise applications, including legacy systems, mainframes, and custom-built applications that fall outside traditional IAM tooling.

AI & Machine LearningCybersecurityEnterprise Software

GalRoni

Co-investorsSISilicon Valley Data CapitalUPUpWest13137 VenturesANAnorak VenturesBLBluestein VenturesMAMaersk Growth+7 more

Torch provides merchandise production and fulfillment services for online communities, handling design, production, and logistics so community creators can generate revenue without managing operations.

ConsumerCreator EconomyDirect to ConsumerE-commerceMarketplacesBandung, ID

Ben WirawanHanafi Salman

Co-investorsINInit 613137 VenturesALAlumni VenturesAMAmex VenturesBEBessemer Venture PartnersHEHealth Velocity Capital+3 more

Trunk is a CI reliability platform that detects, quarantines, and eliminates flaky tests across any language, test runner, or CI provider.

AI & Machine LearningDeveloper ToolsSan Francisco, US

DMDavid Mytton(Co-Founder)MMMatt Matheson(Founder)inCCChris Clearwater(Founder)inDavid Apirian(Founder)inESEli Schleifer(Founder)in

Co-investorsANAndreessen HorowitzGAGarage CapitalHAHaystackINInnovation EndeavorsINInsight PartnersRERedpoint Ventures