Penultimate Capital
Venture capitalPre-Seed–Seed · 1 people tracked
Find your way into Penultimate Capital
1,312 people in our graph share verified history with the Penultimate Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Penultimate Capital focuses on early-stage healthcare startups, positioning itself as a partner to founders navigating the most complex challenges in the health system. The firm operates on an invite-only basis and builds an 'Admitted Circle' of experienced operators, pod experts, and advisors who have worked at the frontier of health innovation. These operators partner with early-stage founders to help them navigate systemic complexity. The emphasis is on domain expertise and hands-on operator involvement at the earliest stages of company building within healthcare.
Source: firm website, verified Sep 20, 2026.
Team · 1 people
from curatedWhat they invest in
from 3 of 3 portfolio companiesConsumer ×2Media & Entertainment ×2SaaS ×2AI & Machine Learning ×1Circular Economy ×1Creator Economy ×1Data & Infrastructure ×1E-commerce ×1
HQs:United States×2Singapore×1
Investments · 3 tracked
founders shown can be your intro pathCircular enables consumers to access technology devices through a flexible ownership model that reduces electronic waste and supply chain pressure.
Circular EconomyConsumerE-commerceFintechHardwareMarketplacesSingapore, SG
Nicolas Ramsay(Founder)inPantha Roy(Founder)in
Co-investorsY Combinator360 CapitalAirTree VenturesCDP Venture CapitalEuropean Innovation Council FundGlobal Founders Capital+6 more
LeadGenius provides AI-powered contact intelligence and data sourcing for go-to-market teams to identify and engage target customers.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMedia & EntertainmentSaaSSales TechSan Francisco, US
Anand Kulkarni(Founder/CEO)inPrayag Narula(Founder)inPhilipp Gutheim(Founder/COO)inDave Rolnitzky(Founder/CPO)inMark GodleyinZeb Couchin
Co-investors500 GlobalBee PartnersBetter Ventures Central LlcFundersClubInitialized CapitalJavelin Venture Partners+16 more
Priime develops photo editing software for photographers across iPhone, iPad, Mac, and Adobe Lightroom, featuring hand-crafted styles designed by working photographers.
ConsumerCreator EconomyMedia & EntertainmentSaaSSocialSan Francisco, US
Arthur Chang(Founder/CEO)inLoren Baxter(Founder)inAndrew Ng(Founder)inJoe Pestro(Founder)in
Co-investorsY CombinatorAmino CapitalCRCM VenturesFusionInitialized CapitalSherpalo Ventures+1 more
Frequently asked questions
- What stage does Penultimate Capital invest at?
- Penultimate Capital invests at the Pre-Seed, Seed stages.
- What sectors does Penultimate Capital focus on?
- Penultimate Capital focuses on Digital Health, Healthtech, Sector Agnostic.
Similar investors
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
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.
General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.
Kapor Capital is an impact-focused venture capital firm that invests in seed-stage tech startups building solutions that create economic opportunity and address inequality across sectors such as education, work, finance, justice, food and health.
Manta Ray Venture Capital is an early-stage investor that partners with mission-driven founders building companies addressing major global challenges, offering flexible long-term capital and hands-on support.


















.png)







-2.png)



.png)

