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Necessary Ventures

Venture capital

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

Find your way into Necessary Ventures

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

Kelly Donovanunlockedknows Neil Devani · together at Penn State University (overlapped)
×5knows the team · via Penn State University
×2knows the team · via Upsolve
×2knows the team · via Alchemist Accelerator
knows the team · via United States Senate
knows the team · via Stanford Law School
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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
Tracked investments
42

Team · 10 people

from the firm's website

What they invest in

from 38 of 42 portfolio companies

AI & Machine Learning ×14Healthtech ×13Digital Health ×10Cleantech ×8Climate Tech ×6Deep Tech ×6Enterprise Software ×6Medical Devices ×6

HQs:United States×29United Kingdom×1Nigeria×1Peru×1

Who they back

founder profiles across 28 portfolio companies
36%
solo founders
10 of 28 mapped founding teams
59%
repeat founders
of 37 founders with career history

Founding team size:solo founder×102 founders×103 founders×64+ founders×2

Where their founders studiedfrom 35 founders with education data

Massachusetts Institute of Technology ×4Stanford University ×3University of Cambridge ×3Washington University in St. Louis ×3Dartmouth College ×2The Johns Hopkins University ×2University of California, Berkeley ×2University of Pennsylvania ×2

Where their founders worked beforefrom 37 founders with career history

Autodesk ×2Formation Bio ×2Rubi Laboratories ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7

7 founders hold a PhD · 5 hold an MBA (of 36 with degree data)

Investments · 42 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 22022 · 12017 · 17 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)inSammy Khalifa(Co-Founder & CTO)inStephen From(Chief Executive Officer)inSarah Romano(Chief Financial Officer)inBarry Greene(Co-Founder & CMO)

BoardNeil Devani(Director)in

Co-investorsFlucas Ventures

Akido Labsakidolabs.cominMar 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)inPrashant Samant(Founder)in

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)inBryan Wolff(Executive Officer, Director)in

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

Los Angeles, US

Ryan Cook(Founder)in

Co-investorsAbstract VenturesAndreessen HorowitzLowercarbon CapitalMenlo Ventures

Beyond Health Groupbeyondhealth.inc

Beyond Health provides remote patient monitoring, chronic care management, and behavioral health integration services integrated into primary care settings for patients with chronic conditions.

Digital HealthHealthtech

Co-investorsZelda Ventures

Brelliumbrellium.cominNov 2024 · $16.7M

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

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)inEric Wilhelm(Founder)in

Co-investorsChrysalixClimacticCollaborative FundDesigner FundMMC VenturesNorwest Venture Partners+4 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)inChristopher R. Fernandez(Executive Officer, Director)inJustin Mortara(CEO & President)inMatthew D Dobereiner(Executive Officer)Broderick Hensen(Executive Officer)

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

Farmers Business Networkfbn.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 MarketplacesFintechSan Mateo, US

Charles Baron(Founder)in

Co-investorsAcre Venture PartnersBow CapitalColle Capital PartnersBlackRockGV (Google Ventures)Kleiner Perkins+1 more

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

Joseph Cohen(Founder)in

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.lain

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.comin𝕏Jun 2023

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 VenturesCapricorn Investment Group+3 more

Mendingmending.comin𝕏

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

Digital HealthEnterprise SoftwareHealthtechInsurTech

Frank Wu(Founder)inJeff Yuan(Founder)in

Co-investorsFloating PointFPVHummingbird Ventures

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.comin𝕏Dec 2017

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

Enterprise SoftwareHealthtechHR TechMental HealthSan Francisco, US

Alyson Watson(Founder/CEO)inErica Johnson(Director)Alyson Friedensohn(Executive Officer, Director)inAlyson (Friedensohn) Watson(Founder)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)inJeff Kielty(Managing Director)in

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)inThomas Atwood(Founder)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)inAdeyinka Adewale(Founder)in

Co-investors4DX VenturesHelios Digital VenturesY CombinatorBase10 PartnersKhosla VenturesMusha Ventures+3 more

OneImagingoneimaging.comin

OneImaging coordinates medical imaging appointments across the United States, directing patients to appropriate scan sites based on need and price while connecting patients, providers, and payers.

Digital HealthHealthtechMedical DevicesMiami, US

Elan Adler(Founder)in

Co-investorsHeadwater VenturesSemperVirens Venture CapitalXRCBalaji SrinivasanRedbud VCSixThirty Ventures+1 more

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)inAlex Furleigh(Chief of Staff)in

Co-investorsAngel Physicians FundDIATSVCY CombinatorKdT Ventures

Pluralpluralfinance.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.

EnergyFintechSan Francisco, US

Spencer Marr(President & Co-founder)Adam Silver(Founder)inAlexander Fong(Founder)in

Co-investorsParadigm

Readoutjourneysmetabolic.com

An affiliate-style review site that evaluates offshore online gambling ("pokies") platforms for Australian players, ranking them on licence validity, AUD payment support (POLi and PayID), RTP transparency, and withdrawal speeds.

GamingHealthtechMedia & EntertainmentSt. Louis, US

James Patrick Howard(Executive Officer, Director)

BoardTimothy Vernon Ratto(Director)

Co-investorsiSelect FundMeridian Street CapitalMucker Capital

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 Laboratoriesrubilaboratories.comin𝕏Feb 2022 · $4.5M

Rubi uses enzymes to capture CO2 and convert it into cellulose, producing textile materials through a carbon-negative process that avoids extraction and biodegrades at end-of-life.

Advanced ManufacturingCleantechClimate TechNew MaterialsAlameda, US

Neeka Mashouf(Executive Officer, Director)inLeila Mashouf(Executive Officer, Director)in

BoardDaria Hosseinyoun(Director)Rohini Finch(Director)

Co-investorsAxial VCCapitalXClimacticCollaborative FundDarco CapitalTalis Capital

Rubi Labsrubi.earthin𝕏

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

BiotechCleantechClimate TechNew MaterialsSan Francisco, US

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

Co-investorsAP VenturesClimacticCollaborative FundDarco CapitalJuniper

Terraenergyterraenergy.ioin

Terra Energy develops and installs residential solar energy systems for homeowners in Mexico and the United States.

CleantechClimate TechEnergyMiami, US

Jaime Martinez(Founder and CEO)in

The Paththepath.aiin𝕏

The Path is an AI therapy and AI coaching app that combines neuroscience research on rumination with Tony Robbins' coaching frameworks to challenge users rather than validate them, with real-time risk scoring that escalates to human help such as 988 or licensed therapists.

AI & Machine LearningDigital HealthMental HealthWellness & Fitness

Tony Robbins(Co-Founder)Dr. Anson Whitmer(CEO & Co-Founder)Tyler Sheaffer(CTO & Co-Founder)in

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)in

Co-investors8VCAlumni VenturesBasecamp FundDCVC (Data Collective)Eisai Innovation, Inc.Flucas Ventures+5 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 systems for building affordable and sustainable housing.

Advanced ManufacturingCleantechConstruction TechDeep TechRoboticsNew Haven, US

Nick Callegari(Founder & CEO)in

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+17 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)inMariza Hardin(Founder)Mariza H(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 4 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 133 tracked co-investors.

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