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Keiretsu Capital

Fund of fundsActively deployingoperating company · company profile

Seattle · Seed–Late Stage · 24 people tracked

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Investment thesis

Keiretsu Capital offers accredited and high-net-worth investors access to co-investment opportunities sourced from the Keiretsu Forum, the world's largest angel investment network. It manages a range of vehicles including co-investment funds, real estate fund access, and a blockchain fund of funds, aiming to build diversified portfolios with strong returns. Backed by a team with over 20 years of experience in early-stage growth startups, technology companies, and real estate, the firm leverages its syndication network to connect portfolio companies and real estate principals with family offices, institutional investors, and crowdfunding partners.

Source: firm website, verified Sep 25, 2026.

Stage
Seed–Late Stage
Check
$100K – $500K
HQ
Seattle, Washington, US
Leads rounds
Follows
Instruments
Equity
Founded
2013
AUM
$40M
Tracked investments
13
Acquisitions
1

Team · 24 people

from the firm's website & curated
Alison Davis· General Partner
Matthew Le Merle· Managing Partner and Co-Founder
Stephen Pao· Co-founder and Chief Product Officer, AMPLL
Arlin S. Green· Partner, Centura Capital
Ajay Mihani· Senior Portfolio Manager
Barry Heninger· Managing Partner
Eli Moreno· CEO, Premier Residential
John Suryan· CEO, Tech Traks
Les Schmidt· Executive Director, Institute for Entrepreneurial Leadership
Mary Jo Potter· CEO and Managing Director, Healthcare Angels

Co-investment fund investment committee member; CEO and managing director of Healthcare Angels.

Matthias Loening· Senior Advisor, Health, EBRD
Richard Samuelson· Managing Director, UBS Investment Bank
Robert Padulo· Board Member & Senior Advisor
Sean Kerr· Vice President of Operations, RS Medical

Founder mafia

2 people who came through Keiretsu Capital went on to found or lead other companies.

What they invest in

from 10 of 13 portfolio companies

Healthtech ×6Medical Devices ×6Biotech ×5AI & Machine Learning ×2Cloud Computing ×2Cybersecurity ×2Enterprise Software ×2Hardware ×2

HQs:United States×11

Investments · 13 tracked

founders shown can be your intro path

By year:2020 · 32018 · 12017 · 22016 · 22015 · 210 dated

Alpinalpin.ioin𝕏acquired by CoreView

Cloud ComputingCybersecurityEnterprise SoftwareFintechSaaSBoulder, US

Co-investorsBCF VenturesNext Frontier CapitalTechstarsRockies Venture Club

Alpincoreview.com

CoreView provides management, security, and compliance tools for Microsoft 365 environments, enabling organizations to build resilience against attacks, manage multi-tenant complexity, enforce governance policies, and automate administrative tasks.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Co-investorsNext Frontier CapitalRockies Venture ClubTechstars

Blaze Bioscienceblazebioscience.cominApr 2016

Blaze Bioscience develops peptide-based fluorescent imaging agents and imaging systems that give surgeons real-time visualization of tumor tissue during cancer surgery.

BiotechHealthtechMedical DevicesSeattle, US

James M. Olson(Director)Steven R. Daly(Executive Officer, Director)inLudmila R. Lobanova(Executive Officer)Julia Novak(Executive Officer)Heather L. Franklin(Director)Dennis M Miller(Executive Officer)

Co-investorsKeiretsu Forum

CurvaFix Medical Techcurvafix.comin𝕏May 2018

CurvaFix develops the CurvaFix Low Profile intramedullary nailing system, curved implants for surgical stabilization of pelvic fractures.

HardwareHealthtechMedical DevicesBellevue, US

Jeffrey Poole(Executive Officer)Mark Foster(Executive Officer, Director)inSteven Dimmer(Executive Officer, Director, Promoter)Dong-Gun Kim(Director)

BoardEric Fritz(Director)inJack Tanaka(Director)in

Co-investorsAlliance of AngelsArieal Southeast Angel PartnersRockies Venture ClubSPRINGROCK VENTURESSwan Venture FundMVM Life Science Partners+2 more

Embera NeuroTherapeuticsemberaneuro.comSeries A · Feb 2015 · $2M

Clinical-stage specialty pharma developing a combination drug to treat a range of addictions, licensed from LSU Health Sciences Center.

BiotechSudbury, US

Robert B. Linke(Executive Officer, Director)

BoardRoss Barrett(Director)Franz Hefti(Director)John Beaird(Director)Joseph Lovett(Director)

Co-investorsInnovation CatalystKeiretsu ForumLouisiana Funds

eterna teareternatear.cominOct 2020 · $4.9M

Eternatear develops diagnostic and therapeutic products for dry eye disease, particularly targeting Meibomian Gland Dysfunction.

BiotechHealthtechMedical DevicesRaleigh, US

Timothy Willis(Chief Executive Officer & Chairman of the Board)Kent Geer(Chief Financial Officer & Secretary)Tim Willis(CEO, Chairman of the Board)Ralph Stone(Chief Technology Officer)Joe Huber(Chief Operating Officer)Diethart Reichardt(Chief Marketing Officer & Board Director)

Co-investorsArieal Southeast Angel PartnersCharlotte Angel FundDuke Capital PartnersKleinmuntz AssociatesBand of AngelsCarolina Angel Network+2 more

Indigo Biosciencesindigobiosciences.comin

INDIGO Biosciences is a life sciences company led by professionals with expertise in life sciences, business management, and operations.

AI & Machine LearningBiotechDeep TechMedical DevicesState College, US

Dr. Jack Vanden Heuvel(Chief Scientific Officer, Co-founder)inDr. Blake Peterson(Co-founder)Fred Marroni(President & Chief Executive Officer)in

Co-investorsBroad Street AngelsiNetworksLife Sciences Greenhouse Investments

LumiTheralumithera.comSeries A · Oct 2015

LumiThera develops the Valeda Light Delivery System, an FDA-authorized photobiomodulation (PBM) device that applies multiple light wavelengths to treat early and intermediate dry age-related macular degeneration (AMD).

BiotechHealthtechMedical DevicesPoulsbo, US

Tracy Puckett(Executive Officer)Clark Tedford(Executive Officer, Director)inScott Bradley(Executive Officer)inDuane Morrison(Executive Officer)inCindy Croissant(Executive Officer)Ryan Montecucco(Executive Officer)

Co-investors3E Bioventures CapitalEFung CapitalKeiretsu ForumLife Sciences Greenhouse InvestmentsImagine Ventures

OtoNexusotonexus.cominJul 2020

OtoNexus Medical Technologies is developing an ultrasound-based otoscope (Novoscope) that uses a miniaturized sensor in a single-use ear speculum tip to give clinicians objective, point-of-care data on middle-ear fluid and infection type.

AI & Machine LearningDigital HealthHardwareHealthtechMedical DevicesSeattle, US

Caitlin Cameron(Chair & CEO)in

Co-investorsGolden SeedsCatalytic Impact FoundationDellin InvestmentsFarvatn VentureKeiretsu ForumMindshift Capital+5 more

Voyager Pacific Capital, LLCvoyagerpacific.comFeb 2017

Co-investorsKeiretsu Forum

WayGatewaygatevr.comFeb 2017 · $2M

Albany, US

Carlo Morgantini(Executive Officer, Director)Benjamin Cooley(Director and Chief Executive Officer of the Issuer.)

Co-investorsKeiretsu Forum

Other

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

OtoNexus Medical TechnologiesTextile-Based Delivery

Exits · 1

1 acquisitions

Alpinacq. by CoreView

Frequently asked questions

How many investments has Keiretsu Capital made?
Keiretsu Capital has 13 tracked investments, 1 of which have exited.
What stage does Keiretsu Capital invest at?
Keiretsu Capital invests at the Seed, Series A, Growth, Late Stage stages.
What is Keiretsu Capital's typical check size?
Keiretsu Capital typically writes checks of $100K – $500K.
What sectors does Keiretsu Capital focus on?
Keiretsu Capital focuses on Crypto & Web3, Deep Tech, PropTech, Sector Agnostic.
Where is Keiretsu Capital located?
Keiretsu Capital is headquartered in Seattle, US.
Does Keiretsu Capital lead rounds?
Keiretsu Capital typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Nathan McDonald (CEO of Keiretsu Capital) interviews Keiretsu Member - Kelly Charlton

Keiretsu Forum · Nathan McDonald

REIMAGINE 2020 v2.0-Matthew Le Merle-Co-founder & Managing Partner of Fifth Era and Keiretsu Capital

REIMAGINE - Web3 Events and Media · Matthew Le Merle

Blockchain Interviews with Nathan McDonald, CEO of Keiretsu Capital

InvestmentPitch Media · Nathan McDonald

Matthew Le Merle, Managing Partner Keiretsu Capital #2019blockchaincrypto

FinTech Silicon Valley · Matthew Le Merle

Matthew Le Merle, Managing Partner Keiretsu Capital #2019bullorbearcrypto

FinTech Silicon Valley · Matthew Le Merle

Blockchain Disruption: Matthew Le Merle, Keiretsu Capital

FinTech Silicon Valley · Matthew Le Merle

Images

Keiretsu Capital photoKeiretsu Capital photoKeiretsu Capital photoKeiretsu Capital photoKeiretsu Capital photoKeiretsu Capital photo

Co-investors · 8

Band of Angels

Band of Angels is a formal organization of 150+ angel investors, primarily former and current technology executives, that conducts weekly member events and monthly deal pitch dinners. Since its founding in 1994 as the first organized high-tech angel investment group in the USA, it has invested in over 500 companies, achieving 97 profitable mergers and acquisitions and 17 IPOs.

Both backed · 1
Mayfield Fund

Mayfield is a venture capital firm that invests in early-stage consumer and marketplace companies, backing founders from inception through IPO.

$500K – $12M
FundersClub

FundersClub is an online venture capital firm and startup investing platform that gives accredited members access to a curated selection of vetted early-stage startups, funding fewer than 2% of the companies it reviews.

$290K
Social Starts

Social Starts is a group of early-stage venture funds that applies a data-driven, analytics-based methodology to identify and back promising companies in high-potential segments. Its current fund, Social Starts Health and Happiness, targets startups focused on helping people live longer and better.

Renegade Partners

Renegade Partners is an early-stage venture capital firm that makes a small number of high-conviction investments each year, backing founders across sectors and focusing on hands-on partnership.

$2M – $10M
Brand Foundry Ventures

Brand Foundry Ventures is a consumer product-only seed investor that focuses exclusively on "things you can see, touch, feel, and interact with" rather than software, targeting sustainable $250M-$750M outcome brands instead of chasing billion-dollar unicorns. The firm was born from Andrew Mitchell's successful angel investments in Warby Parker, Birchbox, Harry's, and Peloton, and maintains an unusually hands-on approach through their "People/Product/Pipeline" framework that requires founders to think as deeply about supply chain and margins as they do about design and marketing.

$500K – $1.5M
Listen Ventures

Listen Ventures is a consumer-focused venture capital firm founded in 2010 that partners with founders to build disruptive brands amid shifts in consumer behavior.

$1M – $10M
True Wealth Ventures

True Wealth Ventures is a venture firm that invests in early-stage, women-led companies focused on improving human and/or environmental health.

$1M

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

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