How many investments has Katalyst Ventures made?

Katalyst Ventures has 16 tracked investments.

What stage does Katalyst Ventures invest at?

Katalyst Ventures invests at the Pre-Seed, Seed, Series A, Late Stage stages.

What sectors does Katalyst Ventures focus on?

Katalyst Ventures focuses on AI & Machine Learning, Enterprise Software, Healthtech, SaaS.

Where is Katalyst Ventures located?

Katalyst Ventures is headquartered in San Francisco, US.

Does Katalyst Ventures lead rounds?

Katalyst Ventures typically participates in rounds rather than leading them.

Who does Katalyst Ventures co-invest with?

Katalyst Ventures most often shares deals with Katalyst.Ventures, Asset Management Company, Cisco Investments, among 42 tracked co-investors.

Katalyst Ventures

Venture capital

San Francisco · Pre-Seed–Late Stage · 10 people tracked

Also known as KATALYST.VENTURES MANAGEMENT, LLC

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Find your way into Katalyst Ventures

2,377 people in our graph share verified history with the Katalyst Ventures team — schools, employers, funds. One of them is your warm intro.

Crystal Huangunlockedknows Zak Stone · together at Harvard University (overlapped)

knows the team · via Boston Children's Hospital

knows the team · via San José State University

×2knows the team · via Harvard University

×2knows the team · via Stanford University Graduate School of Business

×2knows the team · via State Street

✨ Fox Verdict

Investment thesis

The firm invests in entrepreneurs developing applied AI solutions across all growth stages. Beyond capital, the firm provides strategic expertise and operational support to help founders realize their vision.

Invests inAI & Machine Learning Enterprise Software Healthtech SaaS San Francisco

Source: firm website, verified Sep 15, 2026.

Stage

Pre-Seed–Late Stage

San Francisco, US

Leads rounds

Follows

Founded

2018

Private fund assets

$225.5M

VC funds

Tracked investments

Unicorns

Team · 10 people

from the firm's website

Susan Choe· Founder + General Partner· San Francisco, California, United Statesin

Susan Choe is the Founder and Managing Partner at Katalyst.Ventures Management LLC, where she invests in data-driven platforms across digital health, fintech, logistics, and AI-driven enterprise operations. She brings more than 25 years of experience in software and technology, including roles in corporate development, venture capital, and as founder and CEO of Outspark, an online games publisher where she raised Series A, B, and C funding. Her prior experience includes joint venture partnerships, mergers and acquisitions work at Yahoo, and operating roles at online technology companies including Yahoo, DLJdirect, and NHN.

Allen Chan· Fund Finance· Atlanta Metropolitan Areain

Andrei Zmievski· Advisor· Seattle, Washington, United Statesin

Advisor since 2007; a PHP platform architect holding multiple patents for distributed PHP, with prior roles at AppDynamics, the PHP Group, Outspark, and Yahoo!.

Bill Campbell· Advisor· New York, New York, United Statesin

Advisor since 2018 focused on investment, financing, and M&A strategy; former Chair of Visa International, former CEO of Citigroup's Global Consumer Business, and former Senior Advisor to JPMorgan Chase's Chairman/CEO.

Dick Barker· Advisor

Advisor since 2013; former Vice Chairman of the Board of Capital Group International, where he managed roughly US$300B in global AUM, and an early LP in Sequoia Ventures.

Dr. Andrew Shin· Advisor· Palo Alto, California, United Statesin

Advisor since 2018 with expertise in clinic operations, quality, and systems design at Stanford Children's Hospital; a pediatric cardiologist.

Jeannine Sargent· Advisor· Boca Raton, Florida, United Statesin

Operating executive with 30+ years of international management, M&A, and board experience; advisor to Generation Investment Management and Breakthrough Energy Ventures, and a director at Synopsys, Fortive, and Proterra.

Luc Suryo· Advisorin

Advisor since 2007; a network systems architect and cloud infrastructure expert with prior roles at AWS, Oracle, Machine Zone, Box, and Outspark.

Tom Tobiason· Advisor

Advisor since 2013; former Technology Corporate Partner at Orrick, Herrington & Sutcliffe with expertise in SEC matters, M&A, and IPOs.

Zak Stone· Advisor· San Francisco Bay Areain

Advisor since 2016 and a visual AI expert; founded Google's Cloud TPU (TensorFlow) business and the visual AI startup Perceptio, acquired by Apple in 2015.

Founder mafia

2 people who came through Katalyst Ventures went on to found or lead other companies.

Zak StoneAdvisorFounded Memamp Linda CrawfordAdvisorFounded Helpshift

What they invest in

from 14 of 16 portfolio companies

SaaS ×9AI & Machine Learning ×6Enterprise Software ×5Fintech ×3Logistics & Supply Chain ×3Digital Health ×2Healthtech ×2IoT ×2

HQs:United States×6China×1Japan×1

Who they back

founder profiles across 7 portfolio companies

70%

repeat founders

of 10 founders with career history

Where their founders studiedfrom 10 founders with education data

Harvard University ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · showing 15 of 16

founders shown can be your intro path

By year:2024 · 1 2023 · 34 dated

Arinearine.io

Arine provides an AI-driven medication management platform for health plans to improve medication adherence and outcomes.

AI & Machine LearningDigital HealthHealthtechSan Francisco, US

Yoona Kim(Executive Officer, Director)inBen Thomander(Executive Officer)Eric Carlson(Chief Financial Officer)Penjit Moorhead(Chief Technology Officer)Penjit Moorehead(Executive Officer, Director)

Board Susan Choe(Director)in

Partner Susan Choe· solo GP

Co-investorsKaiser Permanente Ventures Katalyst.Ventures Lifelike Capital MaC Venture Capital MBX Capital

Biiabiia.com in

BIIA is a non-profit industry association representing companies in information services, credit reporting, and data analytics sectors across APAC and the Middle East.

Data & InfrastructureEnterprise SoftwareFintechMedia & Entertainment

Joachim C. Bartels(Co-founder and Director of BIIA)inDavid Emery(CEO and Founder of Reciprocus, key initiator of BIIA)

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures

Carta Healthcarecarta.healthcare inJun 2023

Unable to determine company information; page contains only placeholder Lorem ipsum text.

AI & Machine LearningDigital HealthHealthtechPittsburgh, US

Gilan El Saadawi(Executive Officer, Director, Promoter)Betsy Castillo(Head of Clinical Data Abstraction)inMichael Finke(Director)Brenton Burns(Director)Scot Stevens(Director)Aaron Brauser(Executive Officer, Director, Promoter)

Partner Susan Choe· solo GP

Co-investorsAsset Management Company Frist Cressey Ventures Healthy Ventures Katalyst.Ventures Life Sciences Greenhouse Investments MaC Venture Capital +3 more

Docmatterdocmatter.com in

San Francisco, US

Brian McNabbinEric Applegate(Executive Officer, Director)David Applegate(Executive Officer, Director)

BoardRoss Jaffe(Director)Susan Choe(Director)in

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures Tullis Health Investors

Flowcastflowcast.ai in 𝕏

Flowcast applies machine learning to alternative and traditional data sources to automate credit risk assessment for small and medium businesses underserved by traditional credit scoring.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures Alpana Ventures BitRock Capital ING Ventures

Foxtrotsystemsfoxtrotsystems.com in 𝕏

Foxtrot provides digitization and automation software for enterprise fleets, enabling real-time, flexible delivery operations for clients in the beverage, food, and e-commerce sectors.

Logistics & Supply ChainMobility & TransportationSaaS

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures

Helpshifthelpshift.com in 𝕏

Helpshift provides a proactive engagement platform for gaming studios to reduce player churn and maximize lifetime value by targeting players with personalized messaging, live operations support, and VIP account management.

AI & Machine LearningGamingMarketing TechSaaS

Partner Susan Choe· solo GP

Co-investorsCisco Investments Katalyst.Ventures Portfolia Cisco Intel Capital M12 (Microsoft's Venture Fund)+4 more

Hyperspec AIhyperspec.ai in

Hyperspec AI develops generative AI data pipelines and world models that combine LiDAR, camera, GPS, and IMU sensor data to produce real-time HD maps and 3D spatial representations.

AI & Machine LearningDeep TechIoTRoboticsWoodland, US

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures TBD Angels Techstars

Kiikii.com in

Kii provides a backend platform for developing, scaling, and managing mobile and IoT applications with integrated analytics, push notifications, and social features.

Cloud ComputingEnterprise SoftwareIoTSaaSTokyo, JP

Masanari Arai(Founder)in Naoshi Suzuki(Founder)in

Partner Susan Choe· solo GP

Co-investorsAsset Management Company Cisco Investments Katalyst.Ventures

Pathoverpathover.com

Pathover (Mixbowl) provides restaurants with a commission-free online ordering and delivery platform, letting customers order via a restaurant's website and social media channels for a flat $0.99 per-order fee.

FoodTechLogistics & Supply ChainSaaS

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures

Pensarlearningpensarlearning.com in

Pensar is a mastery-based microlearning platform for creating courses with interactive content, assessments, certificates, and digital badges, and for tracking learner progress.

EdTechSaaS

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures

TeamOhanateamohana.com in 𝕏Aug 2024 · $4M

TeamOhana is a headcount management platform that unites Finance, HR, and Talent teams to plan, approve, and track hiring, compensation, and organizational design in one place.

AI & Machine LearningFuture of WorkHR TechSaaSSan Francisco, US

Baishampayan Ghose(Co-founder & CTO)in Tushar Makhija(Co-founder & CEO)in

Board Vignesh Ravikumar(Director)in Ram Gupta(Director)in

Partner Susan Choe· solo GP

Co-investorsKatalyst.Ventures Recall Capital Sierra Ventures Collide Capital Lerer Hippeau

Treasuretreasurefi.com in 𝕏

Treasure offers a cash management and treasury investment service that lets companies invest and manage their idle cash through SEC-registered investment advisory and brokerage services.

Enterprise SoftwareFintechSaaS

Sam Strasser(Founder)in

Partner Susan Choe· solo GP

Co-investorsFlucas Ventures Katalyst.Ventures Kube VC

Ziplinezipline.com in 𝕏Apr 2023

Zipline operates a drone delivery service for rapid order fulfillment, with a focus on maintaining product temperature integrity during transit.

CleantechLogistics & Supply ChainMobility & TransportationRoboticsSan Francisco, US

Keller Rinaudo Cliffton(Founder & CEO)in Keenan Wyrobek(Co-Founder and Chief Technology Officer)inRyan Oksenhorn(Co-Founder)in Will Hetzler(Co-Founder and Former Chief Operating Officer)in

Partner Susan Choe· solo GP

Co-investorsAndreessen Horowitz Ballistic Ventures BoxGroup CrunchFund Evolution VC Partners Felicis Ventures +25 more

Ziplineretailzipline.com inApr 2023

Zipline is a platform designed for retail organizations that combines communications, task management, and AI-driven store performance insights across multiple locations.

Enterprise SoftwareRetail TechSaaS

Co-investorsRidge Ventures Andreessen Horowitz Baillie Gifford GV (Google Ventures)Reinvent Capital Sequoia Capital +3 more

Portfolio news

latest coverage across their companies

Wonder Raises $650M Series D at $9B Valuation — Food & Beverage Magazine

Zipline · fb101.com · Jul 19, 2026

Wonder Raises $650 Million at $9 Billion Valuation

Zipline · finance.yahoo.com · Jul 16, 2026

Fenwick Represents TeamOhana in $7.5M Series Seed Funding | Fenwick

TeamOhana · fenwick.com · Mar 25, 2026

Frequently asked questions

How many investments has Katalyst Ventures made?: Katalyst Ventures has 16 tracked investments.
What stage does Katalyst Ventures invest at?: Katalyst Ventures invests at the Pre-Seed, Seed, Series A, Late Stage stages.
What sectors does Katalyst Ventures focus on?: Katalyst Ventures focuses on AI & Machine Learning, Enterprise Software, Healthtech, SaaS.
Where is Katalyst Ventures located?: Katalyst Ventures is headquartered in San Francisco, US.
Does Katalyst Ventures lead rounds?: Katalyst Ventures typically participates in rounds rather than leading them.
Who does Katalyst Ventures co-invest with?: Katalyst Ventures most often shares deals with Katalyst.Ventures, Asset Management Company, Cisco Investments, among 42 tracked co-investors.

Media · Podcasts & interviews

featuring the team

How can you get your first time fund on the road in today's market? - Susan Choe, Katalyst Ventures

SuperReturnTV · Susan Choe

How I Raised My First First Dollar with Susan Choe | Katalyst Ventures | Part 5

BAM · Susan Choe

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