Fundraising Fox

Necessary Ventures

Venture capital

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

Fox Verdict
Sign up to see your fit

Investment thesis

Necessary Ventures leads $1-2M pre-seed rounds and also participates as a non-lead investor from pre-seed through pre-IPO. The firm is thesis-driven and invests across a broad set of sectors, technologies, and business models. Beyond capital, it emphasizes helping founders use their missions to attract and retain talent, raise non-dilutive and strategic capital alongside venture funding, and grow through its earned and owned media networks.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$1M – $2M
HQ
San Francisco, California, US
Leads rounds
Leads
Instruments
Equity
Last 12 months
1 investment
Tracked investments
41

Team · 10 people

from the firm's website

What they invest in

from 37 of 41 portfolio companies

AI & Machine Learning ×14Healthtech ×13Digital Health ×11Cleantech ×7Enterprise Software ×6Medical Devices ×6Biotech ×5Deep Tech ×5

HQs:United States×23United Kingdom×1Nigeria×1Peru×1

Investments · 41 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 14 dated

Vicarious Surgicalvicarioussurgical.comin𝕏OTC: RBOT

Vicarious Surgical develops a surgical robot for minimally invasive laparoscopic procedures, providing surgeons with 3D visualization and precise control.

Deep TechHealthtechMedical DevicesRoboticsCambridge, US

Adam Sachs(Co-Founder & President)Barry Greene(Co-Founder & CMO)Sammy Khalifa(Co-Founder & CTO)Stephen From(Chief Executive Officer)Sarah Romano(Chief Financial Officer)

BoardNeil Devani(Director)in

Co-investorsFlucas Ventures

Akido Labsakidolabs.comin𝕏Mar 2025

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)Prashant Samant(Founder)

BoardAndrew Adams(Director)inJohn Greco(Director)Prasad Jeereddi(Director)Rohit Gupta(Director)

Co-investorsDCVC (Data Collective)Early Light VenturesGreat Oaks Venture CapitalHealthy VenturesOak HC/FTY Combinator+2 more

AllVoicesallvoices.coin

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

AI & Machine LearningHR TechSaaSWalnut, US

Claire Schmidt(Director)Bryan Wolff(Executive Officer, Director)

BoardSean Rad(Director)Roger Chen(Director)in

Co-investorsCrosscut VenturesHalogen Ventures Management Company LlcIrishAngelsRogue Womens FundSilverton Partners75 & Sunny

Alyfalyf.health

Alyf develops AI-native heart care technology built by physicians to surface hidden cardiac signals and guide clinical action.

AI & Machine LearningDigital HealthMedical Devices

Arcarcboats.com

Ryan Cook(Founder)in

Co-investorsAbstract VenturesAndreessen HorowitzMenlo Ventures

Beyond Health Groupbeyondhealth.inc

Beyond Health operates an integrated primary care model combining in-person clinic visits with virtual care programs, focusing on chronic disease management and preventive health for patients seeking alternatives to traditional hospital-based care.

Digital HealthHealthtech

Co-investorsZelda Ventures

Brelliumbrellium.comNov 2024

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)Zach Rosen(Founder)inMax Katzman(Founder)in

BoardHenry Kasa(Director)in

Co-investorsFigure 8 InvestmentsLeft Lane CapitalMenlo VenturesUnpopular VenturesFirst Round Capital

Circularity Fuelscircularityfuels.com

Circularity Fuels manufactures electrified, AI-controlled reactors that convert waste gas streams from industrial facilities into sustainable aviation fuel (SAF) using renewable energy and advanced Fischer-Tropsch synthesis.

CleantechClimate TechEnergy

Co-investorsDCVC (Data Collective)

Coppercopperhome.comin

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

CleantechClimate TechConsumerHardwareBerkeley, US

Sam Calisch(Founder & CEO)in

Co-investorsClimacticCollaborative FundDesigner FundMMC VenturesNorwest Venture PartnersPrelude Ventures+3 more

EnsoDataensodata.comin𝕏

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

Samuel Rusk(Director)Christopher Fernandez(Executive Officer, Director)inSamuel J. Rusk(Executive Officer, Director)Christopher R. Fernandez(Executive Officer, Director)inJustin Mortara(Executive Officer, Director)inMatthew D Dobereiner(Executive Officer)

Co-investorsColle Capital Partnersgener8torGreat North VenturesHealthX VenturesQuesta CapitalSupermoon Capital+1 more

Fbnfbn.comin𝕏

Farmers Business Network (FBN) operates an agriculture marketplace where farmers buy inputs and supplies directly from manufacturers, access financing and grain marketing programs, and use data insights drawn from a network of over 100,000 member farms.

AgTechB2B MarketplacesFintech

Co-investorsAcre Venture PartnersColle Capital Partners

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(Co-Founder & CTO)in

Co-investorsActivant CapitalEqual Opportunity Venturesf7 VenturesMouro CapitalMucker CapitalNyca+9 more

Groovehealthgroovehealth.comin

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

Co-investorsDesigner Fund

Infinite Machineinfinitemachine.com𝕏

Infinite Machine designs and sells electric personal mobility vehicles (branded as "non-cars"), with a showroom in New York City offering test rides.

ConsumerHardwareMobility & TransportationLong Island City, US

Co-investorsAndreessen HorowitzAngel Collective Opportunity FundMoth Fund

Insightful Instrumentsinsightfulinstruments.comSep 2023

Insufficient information available.

Santa Clara, US

Dan Andersen(Executive Officer, Director)Alexander Arrow(Director)

BoardNeil Devani(Director)in

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

Co-investorsMeridian 75Sprint VcXploration CapitalY Combinator

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.

Advanced ManufacturingCleantechDefense TechNew MaterialsArkansas, US

Alexander Grant(CEO)

Co-investorsAvilaCompoundHyperguapJuniperVoLo Earth Ventures

Mendingmending.comin

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

Digital HealthEnterprise SoftwareHealthtech

Frank Wu(Founder)inJeff Yuan(Founder)in

Co-investorsHummingbird Ventures

Mendingtarohealth.comin

Taro Health partners with Direct Primary Care (DPC) doctors to connect patients with primary care focused on the patient-doctor relationship.

Digital HealthHealthtechInsurTech

Co-investorsFloating PointFPV

Mentalgetmental.comin𝕏

Mental is a mobile app that helps men improve their mental well-being through action-oriented tools for managing stress, building discipline, and finding purpose.

Digital HealthMental HealthWellness & Fitness

Co-investorsDesigner FundEvio VCVery Serious Ventures

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

Co-investors01 AdvisorsKleiner PerkinsMGV.VCRefactor CapitalY CombinatorFounders Fund

Moovmoov.coin𝕏

Moov operates an online marketplace for buying and selling used, idle, surplus, and scrap semiconductor manufacturing equipment, serving businesses across categories like front-end, back-end, PCB/SMT, LED, and solar.

Advanced ManufacturingB2B MarketplacesLogistics & Supply ChainSemiconductorsAustin, US

Jim O'Reilly(CEO)Jeff Kielty(Managing Director)

Co-investorsAvenir Growth CapitalNFX

Myeverycaremyeverycare.com
Nevoyanevoya.com

Nevoya is a fully-electric trucking carrier that moves freight for shippers and third-party logistics providers, combining zero-emission vehicles with AI-driven operations.

CleantechClimate TechLogistics & Supply ChainMobility & TransportationColton, US

Sami Khan(Executive Officer, Director)in

BoardJohn Verdon(Director)inTom Atwood(Director)in

Co-investorsCool Climate CollectiveFloating PointKeiki CapitalLMNT VenturesLOWERCARBONLowercarbon Capital+4 more

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

Co-investors4DX VenturesHelios Digital VenturesY CombinatorMusha VenturesVentures Platform

OneImagingoneimaging.com

OneImaging offers an employer-sponsored medical imaging benefit that connects members to a national network of 4,800+ accredited radiology centers with upfront pricing and care navigation support.

Digital HealthHealthtechMedical Devices

Co-investorsHeadwater VenturesSemperVirens Venture CapitalXRCBalaji SrinivasanRedbud VCSixThirty Ventures

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)in

Co-investorsY CombinatorInitialized CapitalBronze InvestmentsOpen Opportunity FundChingona Ventures

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)

Co-investorsAngel Physicians FundDIATSVCY CombinatorKdT Ventures

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)

Co-investorsParadigm

Readoutreadout.ai

ReadoutAI offers AI tools that automatically analyze clinical trial data, running statistics and generating tables, graphs, and written summaries of the findings.

AI & Machine LearningBiotechHealthtech

Co-investorsMeridian Street Capital

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)in

Co-investorsLux CapitalDCVC (Data Collective)Air Street CapitalAmplify PartnersCRV (Charles River Ventures)Felicis Ventures+2 more

Reliefrelief.app𝕏

Relief helps consumers reduce debt on credit cards, personal loans, collections debt, and past-due medical debt by negotiating balance reductions with creditors.

Fintech

Co-investorsNava VenturesInterplay Ventures Early Stage Management LlcThe Fund

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

Co-investorsAP VenturesClimacticCollaborative FundDarco CapitalJuniper

Terraenergyterraenergy.ioin

Terra provides residential solar energy systems through a subscription model rather than traditional loans, with customers paying a monthly fee for generated electricity starting from day one.

CleantechEnergyMiami, US

The Paththepath.aiin𝕏

The Path is an AI therapy app that delivers time-boxed sessions grounded in CBT, ACT, solution-focused brief therapy, and motivational interviewing, challenging users' cognitive distortions and tracking their patterns over time.

AI & Machine LearningDigital HealthMental Health

Tony Robbins(Co-Founder)

Co-investorsPrime Movers LabDesigner Fund

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 SoftwareSan Francisco, US

Charles Fisher(Founder & CEO)inAaron Smith(Founder)

Co-investors8VCAlumni VenturesBasecamp FundDCVC (Data Collective)Eisai Innovation, Inc.Flucas Ventures+4 more

Valenusevalen.com

Valen designs drugs using computational biology and experimental data generation.

AI & Machine LearningBiotechDeep TechDaly City, US

Verustructverustruct.cominSep 2025

Verustruct develops robotic construction technologies and automated formwork systems to enable faster, more sustainable housing production.

Advanced ManufacturingCleantechConstruction TechRoboticsNew Haven, US

Nicholas Callegari(Chief Executive Officer; Secretary)

Wayvewayve.aiin𝕏

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

AI & Machine LearningDeep TechHardwareMobility & TransportationRoboticsLondon, GB

Alex Kendall(Co-Founder & CEO)inAmar Shah(Co-Founder)in

Co-investorsBalderton CapitalBritish Business BankIcehouse VenturesSoftBank GroupSoftBank Vision FundTeachers' Venture Growth+16 more

Zocalozocalo.healthin𝕏

Zócalo Health is a primary care group providing social and clinical care to Latino communities through in-person community health workers, virtual physicians, and behavioral health specialists.

Digital HealthHealthtechKenmore, US

Erik Cardenas(Founder)Mariza Hardin(Founder)

BoardRoland Fryer(Director)

Co-investorsAble PartnersVamosVenturesVirtue VenturesSpringbank

Exits · 1

IPOs and acquisitions across the tracked portfolio

Vicarious SurgicalOTC: RBOT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Necessary Ventures made?
Necessary Ventures has 40 tracked investments, 1 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
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.
Where is Necessary Ventures located?
Necessary Ventures is headquartered in San Francisco, US.
Does Necessary Ventures lead rounds?
Yes, Necessary Ventures leads investment rounds.
Who does Necessary Ventures co-invest with?
Necessary Ventures most often shares deals with Y Combinator, DCVC (Data Collective), Designer Fund, among 130 tracked co-investors.

Images

Necessary Ventures photo

Similar investors

Featured in lists