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Penny Jar Capital Venture

Venture capitalActively deploying

Palo Alto · Pre-Seed–Series B · 33 people tracked

Also known as PENNY JAR CAPITAL, LLC

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Investment thesis

Penny Jar Capital backs seed-stage founders applying artificial intelligence to reimagine how the real world works. The firm emphasizes hands-on, high-touch support beyond capital, drawing on the collective access, influence, and reach of its network known as the Penny Jar Collective. Support extends to customer introductions, executive recruiting, product feedback, financial modeling, press and narrative development, and event-driven relationship building. Testimonials highlight partners such as Rich, Bryant, and Stephen actively working alongside founders to drive customer wins, close key hires, and shape go-to-market strategy.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Series B
HQ
Palo Alto, California, US
Instruments
Equity
Founded
2021
Last 12 months
5 investments
Private fund assets
$149.9M
VC funds
6
Tracked investments
49
Unicorns
1
Acquisitions
1

Team · 33 people

from the firm's website & curated & public directories
Dave Girouard· Founder & Chief Executive Officer, Upstart

Member of Penny Jar's Collective; Founder & CEO of Upstart.

Richard Scudellari Jr.· General Partner
Adam Carr· Chief Revenue Officer, Apollo.io

Member of Penny Jar's Collective; CRO at Apollo.io.

Adrienne Down Coulson· Chief Operations Officer, Rakuten

Member of Penny Jar's Collective; COO at Rakuten.

Alyson Welch· Chief Revenue Officer, Reltio

Member of Penny Jar's Collective; CRO at Reltio.

Anne Raimondi· Fmr. Chief Operating Officer, Asana

Member of Penny Jar's Collective; former COO of Asana.

Arvind KC· Chief People Officer, OpenAI

Member of Penny Jar's Collective; Chief People Officer at OpenAI.

Bracken Darrell· Chief Executive Officer, VF Corp

Member of Penny Jar's Collective; CEO of VF Corp.

Brandon Sammut· Chief People & AI Transformation Officer, Zapier

Member of Penny Jar's Collective; Chief People & AI Transformation Officer at Zapier.

Chris George· Chief Financial Officer, North America, Nike

Member of Penny Jar's Collective; CFO North America at Nike.

Christina Hall· Chief People Officer, Instacart

Member of Penny Jar's Collective; Chief People Officer at Instacart.

Christina Wootton· Fmr. Chief Partnerships Officer, Roblox

Member of Penny Jar's Collective; former Chief Partnerships Officer at Roblox.

David Williams· SVP, Product Development, PagerDuty

Member of Penny Jar's Collective; SVP Product Development at PagerDuty.

Devaki Raj· Chief Digital & AI Officer, Saab

Member of Penny Jar's Collective; Chief Digital & AI Officer at Saab.

Jonathan Davidson· Fmr. Vice President & General Manager, Cisco

Member of Penny Jar's Collective; former VP & GM at Cisco.

Justin Dean· Managing Director & Senior Partner, Boston Consulting Group

Member of Penny Jar's Collective; Managing Director & Senior Partner at BCG.

Karen Stroup· Chief Digital Officer, WEX

Member of Penny Jar's Collective; Chief Digital Officer at WEX.

Molly Mulroy· Chief Administration Officer, WEC Energy Group

Member of Penny Jar's Collective; Chief Administration Officer at WEC Energy Group.

Natasha Allen· Partner, Foley & Lardner LLP

Member of Penny Jar's Collective; Partner at Foley & Lardner LLP.

Neal Sample· Chief Digital & Technology Officer, Best Buy

Member of Penny Jar's Collective; Chief Digital & Technology Officer at Best Buy.

Rob Seaman· Chief Product Officer, Slack

Member of Penny Jar's Collective; Chief Product Officer at Slack.

Robert Cordova· Chief Strategy & Technology Officer, Milwaukee Bucks

Member of Penny Jar's Collective; Chief Strategy & Technology Officer at the Milwaukee Bucks.

Ryan Nichols· Fmr. Chief Customer Success Officer, Salesforce Service Cloud

Member of Penny Jar's Collective; former Chief Customer Success Officer at Salesforce Service Cloud.

SriRaj Kantamneni· Chief Information & Digital Officer, Schreiber Foods

Member of Penny Jar's Collective; Chief Information & Digital Officer at Schreiber Foods.

Tomer Cohen· Fmr. Chief Product Officer, LinkedIn

Member of Penny Jar's Collective; former Chief Product Officer at LinkedIn.

What they invest in

from 23 of 49 portfolio companies

AI & Machine Learning ×15Enterprise Software ×11SaaS ×6Marketing Tech ×4Climate Tech ×3Cybersecurity ×3Healthtech ×3HR Tech ×3

HQs:United States×16

Who they back

founder profiles across 12 portfolio companies
25%
solo founders
3 of 12 mapped founding teams
38%
repeat founders
of 24 founders with career history

Founding team size:solo founder×32 founders×43 founders×24+ founders×3

Where their founders studiedfrom 21 founders with education data

The College of Management Academic Studies ×3The Wharton School ×3Stanford University ×2The London School of Economics and Political Science (LSE) ×2University of California, Berkeley ×2

What their founders studiedfrom 24 founders with field-of-study data

Computer Science ×10Engineering ×4Economics ×2Finance & Accounting ×2

Where their founders worked beforefrom 24 founders with career history

Aeravti Ventures ×3Innovation Alliance for a Global Plastics Treaty ×3Mamram ×3NetApp ×3Stanford University ×3Google ×2Microsoft ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5

1 founders hold a PhD · 4 hold an MBA (of 26 with degree data)

Investments · 49 tracked

founders shown can be your intro path

By year:2026 · 52025 · 12023 · 22022 · 12021 · 312 dated

a1mobilea1mobile.com

A1 Mobile is a US mobile carrier for small businesses that bundles phone service with an AI receptionist built into the line, offering a real number with unlimited calls and texts plus an AI that answers calls, books jobs, and summarizes conversations.

Co-investorsRevo Capital

Alaraalaradental.com

Alara operates a marketplace that consolidates product inventory and pricing from multiple suppliers, allowing dental practices to compare costs and purchase from various vendors through a unified ordering interface.

AI & Machine LearningEnterprise SoftwareLos Angeles, US

Dr. Sabrine Obbad(Founder)inElyas Obbad(Founder)inFrank Roessler(Executive Officer)Swapnil Agarwal(Executive Officer)

Co-investorsY CombinatorFundersClubSurgePoint Angel

Bleeblee.cominSeries A

Blee provides a collaborative platform that brings legal and marketing teams together to streamline content review and approval workflows.

AI & Machine LearningEnterprise SoftwareFintechLegalTechMarketing TechNew York City, US

Guy Shahar(Founder)in

Co-investorsCardumen CapitalHannah Grey VenturesY CombinatorFin CapitalTreasury

burntgetburnt.aiin𝕏Sep 2025

Burnt builds AI agents for food distribution and supply chain operations, automating manual workflows and inventory management tasks that have historically relied on legacy tools and spreadsheets.

AI & Machine LearningEnterprise SoftwareFoodTechLogistics & Supply ChainSan Francisco, US

Joseph Jacob(Founder)inRhea Karimpanal(Founder)inChandru Shanumugasundaram(Founder)inJJ(Co-Founder & CEO)

Co-investorsScribble VenturesY CombinatorAlameda ResearchAlliance DAO (ex DeFi Alliance)Animoca BrandsDeFiance Capital+7 more

Conciergeconcierge.ai

AI engine that transforms customer interactions with businesses on websites.

Ayush Jain(Founder)inRohan Agrawal(Founder)inChris Setian(Founder)in

Co-investorsEudemian VenturesWildcat Venture Partners

Concierge AItryconcierge.ai

Concierge is an AI-powered answer engine for B2B websites that engages buyers with real-time, conversational responses to their technical questions.

AI & Machine LearningMarketing TechSaaS

Co-investorsEudemian VenturesVC SILA

Cyberstartscyberstarts.cominSep 2026 · $300M

An accelerator and venture capital program focused on cybersecurity companies, emphasizing founder development and market validation through feedback from industry experts and security leaders.

CybersecurityDeep Tech

Co-investorsVintage Investment PartnersAccelBessemer Venture PartnersCraft VenturesCRV (Charles River Ventures)Greylock Partners+4 more

Ezraezra.fiMar 2026 · $3.2M

AI copilot for private credit and asset-backed finance

Co-investorsCongruent Venturesfresh.fundA16Z SpeedrunKDXLeap Forward VenturesLMNT Ventures+4 more

Ezraezra.comin𝕏Mar 2026 · $3.2M

Ezra offers advanced MRI-based full-body scans designed to screen for early signs of cancer and hundreds of other medical conditions.

Digital HealthHealthtechLongevity

Emi Gal(Founder & CEO)in

Co-investorsAlumni VenturesGood FriendsHealthier CapitalLDV CapitalA16Z SpeedrunCongruent Ventures+7 more

HiveWatchhivewatch.comin𝕏

HiveWatch builds an AI-powered security operations platform that consolidates alerts and data from fragmented security systems to help teams prioritize incidents and move from reactive to proactive threat management.

AI & Machine LearningCybersecurityEnterprise SoftwareEl Segundo, US

Ryan Schonfeld(Co-Founder & CEO)inJordan Hill(Founder)in

BoardLiat Bycel(Director)Eric Muntz(Director)Kjiel Carlson(Director)Jason Taylor(Director)

Co-investors01 AdvisorsAcross Capital PartnersCrosscut VenturesHarmonic Growth PartnersSaas Ventures, L.L.C.

Innovation Allianceiagpt.org

The Innovation Alliance for a Global Plastics Treaty (IAGPT) is a coalition of startups, technology companies, ecosystem enablers, philanthropists, and investors that promotes innovation, technology, and entrepreneurship within the UN Global Plastics Treaty.

Circular EconomyClimate TechImpact & Social Good

Labriclabric.coin𝕏Seed

Labric builds data infrastructure for scientific research labs, automatically capturing instrument data, organizing it into custom databases, and enabling workflow automation and natural language analysis.

AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareSan Francisco, US

Caitlin Hogan(Founder)inConnor Hogan(Founder)in

Co-investorsY CombinatorAstanor VenturesUnpopular Ventures

Lamar Healthlamarhealth.cominSeed

Lamar Health provides workflow automation software for specialty pharmacies and infusion organizations, enabling teams to manage prior authorization processes and patient access workflows.

AI & Machine LearningHealthtechMedia & EntertainmentSaaSSan Francisco, US

Eesha Sharma(Founder)in

Co-investorsDniproHealthy VenturesY CombinatorFlex Capital PartnersFlexcap VenturesHealthX Ventures+3 more

Nuenue.ioMay 2023 · $9M

Nue is a unified platform for configure-price-quote (CPQ), billing, and revenue lifecycle management designed for SaaS and subscription businesses.

Enterprise SoftwareFintechSaaSSan Mateo, US

Tinglan Kung(Director)Mark Walker(Executive Officer, Director)inBrian Keare(Executive Officer)in

BoardAlex Millar(Director)Karamdeep Nijjar(Director)inRobert Antoniades(Director)

Co-investorsInovia CapitalOperator StackInformation Venture PartnersMAGIC FundMyelin VCObvious Ventures+2 more

Polynomicpolynomic.aiin

Polynomic is a full-service AI ad agency that runs paid advertising campaigns end-to-end for brands using proprietary AI models, handling attribution, creative generation, media buying across 200+ platforms, and continuous optimization.

AdTechAI & Machine LearningMarketing Tech

Nathan Dass(Founder)inMadhav Datt(Founder)in

Co-investorsFJ LabsPear VC

Praxisdiscoverpraxis.comOct 2021 · $15.5M

Praxis offers an alternative to traditional college for eligible U.S. citizens, providing a program focused on self-direction, practical job skills, and a supported job search with a job-offer guarantee.

EdTechFuture of Work

Co-investorsService Provider CapitalAlameda ResearchAPOLLO PROJECTSFirework VenturesNorwest Venture PartnersParadigm Capital+5 more

Praxis Labspraxislabs.coin𝕏Jul 2021Acquired

Praxis Labs is building tools and solutions to improve workplace experiences for all employees.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechBrooklyn, US

Elise Smith(Executive Officer, Director, Promoter)inHeather Shen(Executive Officer, Director, Promoter)in

BoardJeffrey Crowe(Director)in

Co-investorsAlumni VenturesNorwest Venture PartnersOpen Opportunity FundR/GA VenturesUlu VenturesWestbound Equity Partners+8 more

Primepointprimepoint.aiin

Primepoint offers a construction AI platform that reads and interprets project drawings, specifications, and schedules, linking them into a connected knowledge graph to automate workflows such as constructability review, submittal review, and RFI checks.

AI & Machine LearningConstruction TechSaaSSan Mateo, US

Hamid Palo(Founder)

Co-investorsNavitas CapitalNextView Ventures

Prophecyprophecy.aiin

Prophecy is an agentic data preparation and analysis platform that uses Claude Code-based AI agents to generate visual, low-code data workflows from natural-language prompts, which business users and analysts can inspect, refine, validate, and deploy.

AI & Machine LearningData & InfrastructureEnterprise SoftwarePalo Alto, US

Vikas MarwahainRaj Bains(Founder)inMaciej Szpakowski(Founder)in

Co-investorsBerkeley SkyDeck FundDallas Venture CapitalDig Ventures Management LimitedInsight PartnersPathlight VenturesSignalFire+5 more

Repurposerepurpose.globalin𝕏

rePurpose helps innovators scale plastic waste recovery solutions by tracking recovered plastic through its reTrace platform and building business models for the circular economy.

Circular EconomyClimate TechEnterprise SoftwareImpact & Social GoodLos Angeles, US

Aditya Siroya(Co-Founder)inPeter Wang Hjemdahl(Co-Founder)inLauren Gropper(Executive Officer, Director)inPeter Hjemdahl(Director)inSvanika Balasubramanian(Executive Officer, Director)inManika Doshi(Chief Executive Officer)in

Co-investorsLeft Lane CapitalPear VCEmerson Collective Investing

Stratususestratus.comin

Stratus builds an AI platform for dental practice front desks, automating insurance verification and coordination so staff spend minutes rather than hours on claims and calls.

AI & Machine LearningHealthtechInsurTechSaaS

Co-investorsUtah Innovation Fund

Syndiosynd.ioin𝕏

Syndio provides an AI-driven platform for governing compensation decisions across enterprises, helping organizations make pay decisions that are compliant, consistent, and aligned with business strategy.

AI & Machine LearningEnterprise SoftwareHR TechSeattle, US

Maria Colacurcio(CEO)in

Co-investorsBessemer Venture PartnersFrontier Venture CapitalOperator CollectiveVoyager CapitalWestbound Equity Partners75 & Sunny+1 more

Syndiosyndio.com

Syndio provides a pay equity and pay-decision governance platform that analyzes pay gaps, checks individual compensation decisions against policy, market, budget, and internal equity, and supports pay transparency compliance.

AI & Machine LearningHR TechSaaS

Maria Colacurcioin

Co-investorsWestbound Equity PartnersBessemer Venture PartnersContour Venture PartnersFrontier Venture CapitalNEXT PLAY CAPITALOperator Collective+1 more

tokenprooftokenproof.xyzin𝕏Seed · Aug 2022 · $5M

tokenproof provides a platform that lets brands verify token or NFT ownership to gate online and real-world experiences, offering token-holders access to exclusive content, products, events, and offers.

ConsumerCrypto & Web3Marketing Tech

Co-investors2 Punks CapitalCorazon Capital6th Man VenturesCanonical Crypto

Unepunep.org

The United Nations Environment Programme is a UN agency working on global environmental issues such as air quality, climate, energy, oceans, forests, and environmental law and governance.

Climate TechEnergyImpact & Social Good

Upwindupwind.ioin𝕏Series B · Jan 2026 · $250M

Upwind is a cloud and AI security platform that combines a runtime intelligence layer with agentless and eBPF-based sensors to correlate cloud inventory, posture, network topology, applications, and identities into a single operational view.

AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareSan Francisco, US

Amiram Shachar(Co-Founder & CEO)inTal Zur(Co-Founder & CTO)inLavi Ferdman(Co-Founder, Growth)inLiran Polak(Co-Founder & Chief Architect)inTomer Hadassi(COO)inRinki Sethi(Chief Security Officer (CSO))in

Co-investorsCyberstartsLeaders FundBessemer Venture PartnersArtisanal VenturesCerca PartnersCraft Ventures+5 more

Other

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

AI for local governmentAI vehicle title and registrationAI-driven marketing complianceassuredCompacompa websiteDuckyEzra AI Labsezra websiteFairwayGalvantGet ParallelGrounded IntelligenceHeavi AILyco AImarloParallelPopcornrumble kong leagueRumble League StudiossequenceSitevueZafran

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Penny Jar Capital Venture made?
Penny Jar Capital Venture has 49 tracked investments, 1 of which have exited, including 6 dated in the last 24 months.
What stage does Penny Jar Capital Venture invest at?
Penny Jar Capital Venture invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Penny Jar Capital Venture focus on?
Penny Jar Capital Venture focuses on AdTech, Advanced Manufacturing, AI & Machine Learning, Climate Tech, Creator Economy, Crypto & Web3, Cybersecurity, Data & Infrastructure, Developer Tools, Enterprise Software, Fintech, Gaming, GovTech, Healthtech, HR Tech, InsurTech, Logistics & Supply Chain, Media & Entertainment, Mobility & Transportation, PropTech, SaaS, Sales Tech, Sector Agnostic.
Where is Penny Jar Capital Venture located?
Penny Jar Capital Venture is headquartered in Palo Alto, US.
Does Penny Jar Capital Venture lead rounds?
Penny Jar Capital Venture has led 3 of the 3 rounds where its role is on record.
Who does Penny Jar Capital Venture co-invest with?
Penny Jar Capital Venture most often shares deals with Y Combinator, Westbound Equity Partners, Cyberstarts, among 47 tracked co-investors.

Images

Penny Jar Capital Venture photo

Co-investors · 36

Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

$5M – $100M
Greylock Partners

Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.

Both backed · 2
$100K – $200M
Cyberstarts

Cyberstarts is a venture capital firm that partners with cybersecurity founders from day one, using a systematic process and an extensive CISO network to help build industry-defining cybersecurity companies.

Both backed · 2
UpwindZafran
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 1
Zafran
$4.4M – $214M
CRV (Charles River Ventures)

CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.

Both backed · 1
$250K – $5M
Inovia Capital

Inovia Capital is a full-stack venture capital firm based in Canada with a presence in the EU, partnering with founders to build global technology companies.

Both backed · 1
$250K – $8M
01 Advisors

01 Advisors is led by former Twitter CEO Dick Costolo, former Twitter COO Adam Bain, and Facebook's former Chief Revenue Officer David Fischer, who bring first-hand experience scaling Twitter, Google, and Facebook from early revenue to tens of billions in sales. They operate as "venture coaches" who deliberately avoid taking board seats so they can provide candid advice without formal constraints, focusing on Series A and B companies that have product-market fit but need help building professional sales organizations and revenue operations.

Both backed · 1
$1M – $10M
Scribble Ventures

Scribble Ventures is an early-stage venture firm run by product and go-to-market leaders from OpenAI, Meta, Twitter, and a16z, backing AI native founders at the pre-seed and seed stages.

Both backed · 1
$750K – $1.5M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
Notable Capital

This page announces that GGV Capital split into two separate firms in March 2024: Granite Asia (Singapore, covering APAC) and Notable Capital (US, based in Silicon Valley with offices in San Francisco and New York, investing in the US, Israel, Europe, and Latin America).

$5M – $50M
Felicis Ventures

Felicis is a venture capital firm that backs early-stage founders, investing primarily at Seed and Series A across artificial intelligence, cybersecurity and defense, global resilience and energy, and health and bio.

$500K – $15M
Foundation Capital

Foundation Capital is an early-stage venture capital firm that commits to founders at the idea stage and maintains long-term relationships with portfolio companies through their growth journey.

$250K – $15M
▶24 more co-investors

Coatue ManagementSound VenturesTiger Global ManagementSapphire VenturesMayfield FundLiquid VenturesHCVCAME Cloud VenturesLookout VenturesTrinity VenturesHarrison MetalTq Ventures LlcChemistryFootworkDreamers VCTransmedia CapitalDecibel PartnersSerena VenturesSilverton Partnersmuru-DArriveBread And Butter Ventures, LlcCore Innovation CapitalTechnology Crossover Ventures

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

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