Fundraising Fox

Necessary Ventures

Venture capital

Pre-Seed–Late Stage Β· 10 people tracked

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Investment thesis

Necessary Ventures invests in what the world needs, backing deep tech, hard tech, and AI companies that tackle fundamental societal challenges. Its focus areas span healthcare, reindustrialization, climate, financial services, and education. The firm invests early, often as a first investor, and supports founders building companies of enduring importance, with a track record that includes companies reaching public markets.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$1M – $2M
Leads rounds
Leads
Instruments
Equity
Tracked investments
40

Team Β· 10 people

from the firm's website
Neil DevaniΒ· Founder and Managing Partner

Neil has spent over a decade backing deep tech, hard tech, and AI companies across healthcare, reindustrialization, climate, financial services, and education. He was an early investor in Recursion Pharmaceuticals, Vicarious Surgical, Wayve, Solugen, and others, and holds degrees from Penn State, Drexel medical school, and Stanford Law.

Akash MalhotraΒ· Partner

Akash has over ten years of startup experience as a founder, operator, and investor, most recently a Partner at The House Fund. He co-founded Eventable at UC Berkeley and led its acquisition by Rockerbox, and has been named to the Forbes 30 Under 30 list.

Deepa ShethΒ· Venture Partner

Deepa is a healthcare executive and investor who most recently served as Chief Corporate Development Officer and Head of Corporate Venture Capital at SCAN, and previously helped scale Oak Street Health through its IPO and acquisition by CVS Health. She holds an MBA from Kellogg and a BA from George Washington University.

Dr. Greg BurrellΒ· Venture Partner

Greg is Chief Medical Officer at Homeward and co-founded Carbon Health, where he led clinical strategy and product. A board-certified internal medicine physician, he trained at the University of Chicago and UCSF, where he spent nearly ten years as an Associate Professor.

Dr. Nachi GuptaΒ· Venture Partner and Technical Advisor

Nachi is the former Chief Innovation Officer at Kriya Therapeutics and a board-certified emergency physician. He previously worked at Brevan Howard and on missile defense teams at MIT Lincoln Laboratory, and holds an MD from Brown and a PhD in math and computer science from Oxford.

Nikita GauravΒ· Venture Partner

Nikita is a MedTech engineer and healthcare investor with R&D, manufacturing, and quality-engineering experience at Johnson & Johnson, Medtronic, and Abbott. She helps founders bring research-based ideas to clinical markets and holds a Materials Engineering degree from Purdue University.

Adrian JamesΒ· Healthcare Technology Advisor

Adrian co-founded and served as President of Omada Health, a digital-care company that completed an IPO in 2025. He previously led Medical Products at IDEO and holds BS and MS degrees in Mechanical Engineering from Stanford.

Dr. Edmondo RobinsonΒ· Healthcare Technology Advisor

Edmondo is a physician, executive, and investor, founder and CEO of Downeast Digital, and a national leader in digital health with over 25 years of experience. He previously served as Chief Digital Officer at Moffitt Cancer Center and a senior leader at ChristianaCare, and holds an MBA from Wharton and an MD from UCLA.

Michael DempseyΒ· AI and Deep Technology Advisor

Michael is Managing Partner at Compound, a New York investment firm focused on AI, robotics, energy, materials science, and crypto. He was a first-round investor in RunwayML, Wayve, and Prime Intellect, and previously worked at Rothenberg Ventures and CB Insights.

Sheel MohnotΒ· Financial Technology Advisor

Sheel is co-founder and Managing Partner at Better Tomorrow Ventures, a fintech-focused pre-seed and seed VC, and previously founded 500 Fintech. He is an early investor in Albert, Kin, Indio, Flexport, Ironclad, and Coinbase, and founded The Pitch podcast.

What they invest in

from 19 of 40 portfolio companies

AI & Machine Learning Γ—10Healthtech Γ—7Enterprise Software Γ—6Digital Health Γ—4Biotech Γ—3Cleantech Γ—3Deep Tech Γ—3Fintech Γ—3

HQs:United StatesΓ—14NigeriaΓ—1PeruΓ—1

Investments Β· 40 tracked

founders shown can be your intro path
Akido Labsakidolabs.comin𝕏

Akido Labs develops an AI operating system designed for healthcare that leverages machine learning to enable personalized medical diagnostics and care coordination at scale.

AI & Machine LearningDigital HealthHealthtechInsurTechLos Angeles, US

Jared Goodner(Founder)inPrashant Samant(Founder)inJohn Greco(Director)Prasad Jeereddi(Director)Rohit Gupta(Director)

BoardAndrew Adams(Director)

AllVoicesallvoices.co

AllVoices provides AI-powered case management software for people teams to automate administrative processes and reduce time spent on individual cases.

AI & Machine LearningHR TechSaaS

Alyfalyf.health
Arcarcboats.com
Beyondhealthbeyondhealth.inc
Brelliumbrellium.com

Brellium builds compliance software for American healthcare providers, enabling clinicians to manage documentation and regulatory requirements so they can focus on patient care.

AI & Machine LearningEnterprise SoftwareHealthtechNew York, US

Zachary Rosen(Executive Officer, Director)Alexander Le-Tu(Executive Officer, Director)

BoardHenry Kasa(Director)in

Circularityfuelscircularityfuels.com
Coppercopperhome.comin

Copper makes induction stoves with integrated battery energy storage that enable home electrification without major electrical upgrades.

CleantechClimate TechConsumerHardwareBerkeley, US

Ensodataensodata.com

Enso Data provides AI-powered analysis of physiological waveforms, particularly sleep studies, to enable clinical diagnosis and patient monitoring.

AI & Machine LearningDigital HealthHealthtechMedical DevicesMadison, US

Justin D Mortara(Executive Officer, Director)Samuel D Rusk(Director)Frederick D Robertson(Director)Scott D Button(Director)Matthew D Dobereiner(Executive Officer)John D Rondoni(Director)

Foragejoinforage.comin𝕏

Forage builds payment infrastructure that connects merchants, shoppers, and the U.S. government to enable acceptance of SNAP EBT and EBT Cash payments.

FintechGovTechRetail TechSaaSSan Francisco, US

Victor E. Fimbres(Founder)in

Groovehealthgroovehealth.com

Groove provides a virtual bone health program for people with osteoporosis, pairing each member with a physician and a dedicated physical therapist for at-home strength training and monitoring.

Digital HealthHealthtechLongevity

Infinite Machineinfinitemachine.com

Long Island City, US

Insightfulinstrumentsinsightfulinstruments.com
Kurioskurios.lain𝕏

Kurios provides training and strategic coaching to help organizations build digital and AI capabilities across teams.

AI & Machine LearningEdTechEnterprise SoftwareLima, PE

Carlos Lau(Founder and CEO)inLuis Ubillas Door(Founder)in

Magrathea Metalsmagratheametals.comin𝕏

Magrathea develops a new electrolytic process to produce magnesium metal from seawater and brines, aiming to establish American and Western supply of this defense-critical material currently dominated by China.

CleantechDefense TechNew MaterialsArkansas, US

Mendingmending.comin

Mending connects patients with direct primary care doctors through a platform designed to strengthen the doctor-patient relationship.

Digital HealthEnterprise SoftwareHealthtech

Mentalgetmental.comin𝕏
Modern Healthmodernhealth.comin𝕏

Modern Health provides mental health support solutions for employers with over 100 employees.

Enterprise SoftwareHealthtechHR TechMental HealthSan Francisco, US

Alyson Watson(Founder/CEO)in

Moovmoov.co
Myeverycaremyeverycare.com
Nevoyanevoya.com

Colton, US

John Verdon(Director)Tom Atwood(Director)Sami Khan(Executive Officer, Director)

Nombanomba.comin𝕏

Nomba offers banking and payment processing services to businesses across Africa, with a focus on Nigeria and the Democratic Republic of Congo.

FintechLagos, NG

Yinka Adewale(Founder/CEO)inPelumi Aboluwarin(Founder/CTO)in

OneImagingoneimaging.com
OutRival, Inc.outrival.comin𝕏

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)inRuben Harris(Co-Founder and CEO)in

Partner Loginfundpanel.io
Perceptive Technologiesperceptive.ioin𝕏

Perceptive applies AI and robotics technology to dental practice, helping dentists increase patient capacity.

AI & Machine LearningHealthtechMedical DevicesRoboticsBoston, US

Chris Ciriello(Founder)inScott Phillips(Founder)inPhil Getto(CTO)Alex Furleigh(Chief of Staff)

Pluralfinancepluralfinance.comin𝕏

Plural Everything Inc. is a financial technology company providing private capital market infrastructure and investment management solutions for institutional investors, including broker-dealers, investment banks, family offices, wealth managers, and equity crowdfunding platforms.

EnergyFintech

Spencer Marr(President & Co-founder)

Readoutreadout.ai
Recursion (NASDAQ: RXRX)recursion.comin𝕏

Recursion applies computational and data-driven approaches to biological science, aiming to accelerate drug discovery and develop new treatments.

AI & Machine LearningBiotechData & InfrastructureDeep TechMedical DevicesSalt Lake City, US

Chris Gibson(Co-founder, Chairman of the Board)

Reliefrelief.app
Rubi Labsrubi.earthin𝕏

Rubi develops biotechnology solutions for sustainable manufacturing in the fashion and textiles industry.

BiotechCleantechClimate TechNew Materials

Neeka Mashouf(Co-founder)inLeila Mashouf(Co-founder)in

Terraenergyterraenergy.io
Unlearnunlearn.aiin𝕏

Unlearn develops AI-powered digital twins and data analytics tools to optimize clinical trial design and execution for pharmaceutical companies.

AI & Machine LearningBiotechDeep TechEnterprise Software

Usevalenusevalen.com
Verustructverustruct.com
Vicarioussurgicalvicarioussurgical.com
Wayvewayve.aiin𝕏

Wayve develops embodied AI technology to enable autonomous vehicle systems for assisted and automated driving.

AI & Machine LearningDeep TechHardwareMobility & TransportationRoboticsSunnyvale, US

Alex Kendall(Founder & CEO)in

Zocalozocalo.health

Frequently asked questions

What stage does Necessary Ventures invest at?
Necessary Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Necessary Ventures's typical check size?
Necessary Ventures typically writes checks of $1M – $2M.
What sectors does Necessary Ventures focus on?
Necessary Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Climate Tech, Deep Tech, Digital Health, EdTech, Fintech, Healthtech, Medical Devices, Robotics, Sector Agnostic.
Does Necessary Ventures lead rounds?
Yes, Necessary Ventures leads investment rounds.

Images

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