/Investor DB

Refactor Capital

Venture capitalActively deployingoperating company · company profile

Burlingame · Seed–Series A · 2 people tracked

Also known as REFACTOR CAPITAL MANAGEMENT, LLC

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Investment thesis

Refactor is a single-investor seed-stage firm led by Zal that writes $1-2M first checks into hard tech startups across the US. Operating as a solo capitalist managing roughly $300M across five funds, the firm aims to be a founder's first call. Its focus spans deeply technical domains including biotech and therapeutics, medical and healthcare technology, space, defense, robotics, energy and nuclear, AI infrastructure, synthetic biology and chemicals, and crypto — reflecting a broad appetite for companies 'refactoring the real world' through science and engineering.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Series A
Check
$1M – $2M
HQ
Burlingame, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2015
Last 12 months
2 investments
AUM
$300M
VC funds
12
Tracked investments
96
Unicorns
4
IPOs
2
Acquisitions
6

Team · 2 people

from public directories
David Lee· General Partner

What they invest in

from 86 of 96 portfolio companies

Healthtech ×34Biotech ×33AI & Machine Learning ×31Deep Tech ×18Digital Health ×15Enterprise Software ×12Hardware ×11Medical Devices ×11

HQs:United States×66United Kingdom×2Australia×1Canada×1Spain×1Cambodia×1

Investments · 96 tracked

founders shown can be your intro path

By year:2026 · 12025 · 32024 · 42023 · 42022 · 82021 · 52020 · 12019 · 32018 · 32017 · 335 dated

Coinbasecoinbase.comin𝕏Nasdaq: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(CEO)inFred Ehrsam(Board Of Directors)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAdventure FundAndreessen Horowitz+97 more

Solugensolugen.comin𝕏Seed✓ verified

Solugen develops a biomanufacturing platform using fermentation and bioprocessing technology to produce specialty chemicals at scale.

Advanced ManufacturingBiotechCleantechClimate TechHealthtechHouston, US

Sean Hunt(CTO)inGaurab Chakrabarti(Founder)inJonathan Tang(Investor)inSlava Solonitsyn(Investor)in

BoardSeth Bannon(Director)in

Co-investorsFifty YearsFounders FundLowercarbon CapitalY CombinatorBaillie GiffordGIC+40 more

64x64-x.comin𝕏Jan 2022

64x provides a platform and product suite for manufacturing advanced therapeutics, including gene therapies, cell therapies, and biologics.

BiotechDeep TechMedical Devices

Co-investorsBoxGroupFirst Round CapitalFifty YearsFuture VenturesLifeforce CapitalNorthpond Ventures+1 more

64x Bio64xbio.comin𝕏Seed · Jan 2022 · $55M

64x develops infrastructure and manufacturing systems for next-generation medicines, focusing on genetic engineering, cell line development, and computational biology to enable scalability of advanced therapies.

AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesSan Francisco, US

Lexi Rovner(CEO)inAlexis Rovner(Founder)Ryan GallagherEmily Hawkins(Head of Talent)

Co-investorsFifty YearsFuture VenturesG VenturesLifeforce CapitalRaptor GroupY Combinator+8 more

Able Healthablehealth.cominSeed · Mar 2019Acquired

Able Health provides software for physician organizations to administer value-based care programs, including quality measure calculation and health plan coordination to reduce administrative overhead.

HealthtechSan Francisco, US

Rachel Katz(CEO)inSteve Daniels(President)in

Co-investorsLifeforce CapitalMission and MarketSoma CapitalY CombinatorFifty YearsGreat Oaks Venture Capital

Adventris Pharmaceuticalsadventris.cominSeed

Adventris is a biotechnology company developing cancer immunotherapy treatments.

BiotechHealthtechBaltimore, US

Jen Herbach(Founder)inWilliam Collis(Founder)inMark Yarchoan(Founder)Jenny Lesser Herbach(Founder)in

Co-investorsY CombinatorBlackbird BioventuresFelicis VenturesIllumina VenturesKhosla VenturesPeak XV Partners+1 more

Aether Bioaetherbio.comin𝕏

Aether develops additives that blend into engineering-grade nylons to enable faster, high-throughput fused filament (FFF/FDM) 3D printing while maintaining mechanical strength and dimensional accuracy.

Advanced ManufacturingAI & Machine LearningBiotechDeep TechHardwareNew Materials

Pavle Jeremic(Founder & CEO)inJay Zaveri(Co-Founder & President)

Co-investors4DX VenturesAbstract VenturesArtis VenturesBlue Bear VenturesBoxGroupCalm Ventures+13 more

AKASAakasa.comin

AKASA provides generative AI solutions for healthcare revenue cycle management, helping health systems automate administrative workflows and reduce costs.

AI & Machine LearningEnterprise SoftwareHealthtech

Malinka Walaliyadde(Founder)inBen Beadle-Ryby(Chief Revenue Officer, Co-founder, and Board Member)inAndy Atwal(Founder)inVarun Ganapathi, Ph.D.(Co-founder and Advisor)Andrew Atwal(Founder)Benjamin Beadle-Ryby(Founder)

Co-investorsAndreessen HorowitzBond Capital ManagementCoatue ManagementFOG VenturesFounders Circle CapitalOlive Capital+3 more

Angie's Listangi.com

Angie Hicks(Founder)William Oesterle(Founder)

Co-investorsBattery VenturesCross Creek AdvisorsHeadline

Astranisastranis.comin𝕏Seed · Feb 2018

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

John Gedmark(CEO)inRyan McLinko(CTO)inMike Mancini(Executive Officer)Siamak Ebadi(Lead RF Engineer)inHall Chen(RF Payload Design)inShraddha Pandya(Talent Acquisition)

Co-investorsAndreessen HorowitzATEL VenturesBlack FlagBoxGroupCantos VenturesCherubic Ventures+87 more

Atlasatlaswearable.comin𝕏

A wearable device company developing brain-sensing technology using nanotechnology for consumer use.

Deep TechHardwareHealthtech

Co-investorsAccelCompoundUnshackled VenturesVery Serious VenturesBlackRockLocalGlobe+2 more

Atlasatlas.soin𝕏

Atlas is a customer support platform that helps startups deliver white-glove support and manage customer relationships to reduce churn.

Enterprise SoftwareSaaSSan Francisco, US

Jon O'Bryan(Founder)inRahul Asati(Founder)inArpit Maheshwari(Founder)Avi Singh(Founder)inCarlo Dela Rosa(Founder)Christian Mochen(Founder)

Co-investorsSoma CapitalY Combinator6th Man VenturesAccelALLVPCathay Innovation+18 more

Availavailproject.orgin𝕏

Avail is a blockchain infrastructure project focused on scalability solutions for blockchain ecosystems.

Crypto & Web3Data & Infrastructure

Anurag Arjun(Founder)inChris Giliberti(Founder)Prabal Banerjee(Founder)

Co-investorsAmino CapitalBorderless VentureCoatue ManagementDragonflyFigmentHTX Ventures (ex Huobi Ventures)+26 more

Berkeley Yeastberkeleyyeast.cominApr 2023

Berkeley Yeast develops genetically engineered yeast strains for the fermented beverages industry, offering improved flavor control, scalability, and consistency while reducing resource and energy consumption.

AgTechBiotechFoodTechBerkeley, US

Charles Denby(Founder)inPhilip Austin(Director)

Co-investorsCollaborative FundDYDX CapitalAnterra Capital

Bettylabsbettylabs.ioAcquired

Betty Labs built Locker Room, a live audio app for sports fans, and was acquired by Spotify in March 2021.

Co-investorsGV (Google Ventures)M13Script Capital

Biobot Analyticsbiobot.ioin𝕏Series A

Biobot pioneers wastewater epidemiology, monitoring pathogens and substances in sewage to provide real-time public health surveillance at the community level.

BiotechData & InfrastructureGovTechHealthtechBoston, US

Newsha Ghaeli(President)inMariana Matus(Founder)inMariana Guadalupe Matus Garcia(Executive Officer, Director)Ayo Omojola(Investor)in

BoardVivek Pattipati(Director)inAndrew Perlman(Director)in

Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactBlindspot Ventures Management CoDCVC (Data Collective)DesignXDorm RoomHomebrew+22 more

Biological Black Boxbbb-tech.comin𝕏

The company builds "Biological Adapters" that integrate living neurons with AI foundation models to improve performance and reduce training cost, and it operates an algorithm discovery platform based on principles from biological neural systems.

AI & Machine LearningBiotechDeep Tech

Co-investorsBanyan VenturesCapital B Private HoldingsPrimary Venture PartnersWonder VenturesE1 Ventures

BioRenderbiorender.comin𝕏Seed

BioRender is a software tool that enables scientists to create and share professional scientific illustrations and figures.

BiotechEdTechEnterprise SoftwareSaaSToronto, CA

Ryan Marien(Co-founder)inKatya Shteyn(Co-founder)inShiz Aoki(CEO & Cofounder)inEmily Bush(Talent Acquisition Manager)Jenn Huynh(Recruiter)Kayoko Omatsu(Senior Technical Recruiter)

Co-investorsY CombinatorFifty YearsFundersClubOlima VenturesStandard CapitalBraewick Holdings+5 more

Blockfolioblockfolio.com

Los Angeles, US

Charles Mason(Executive Officer, Director)

Co-investorsBlockchain CoinvestorsNirvana CapitalPantera CapitalChapter OneRecursive Ventures

Brave Carebravecare.com𝕏Series ADefunct

Brave Care operates pediatric primary and urgent care clinics designed to treat common acute conditions in children, supplemented by remote consultations delivered by clinicians.

HealthtechPortland, US

Asa Miller(Founder)inDarius "Bubs" Monsef(Founder)inMaryam Taheri(Founder)inCorey Fish, MD(Founder)inGary Gerlacher(Executive Officer, Director)Corey Fish, M.D.(Executive Officer, Director)

Co-investorsAlumni VenturesAV8 VenturesFifty YearsGaingelsVentureSouqWestern Technology Investment+17 more

Breatheasy MIISTmiisttherapeutics.cominSeed · Feb 2025 · $7M

Miist develops inhaled microparticle therapeutics that deliver medicine to the bloodstream in 30 seconds, targeting conditions like migraine, pain, and anxiety where rapid onset is critical.

BiotechDigital HealthHealthtechMedical DevicesAlameda, US

Eric Ezerins(Cofounder, Head of Technology)inDalton Signor(Cofounder, CEO)inRandy Krebs(Executive Officer)Jeffrey Schuster(Chief Technology Officer)inEvan Alfano(Director)

Co-investorsCAL InnovationCalifornia Innovation FundEntrepreneur FirstFREEFLOWThe Innovation Space

Brellebrelle.techin

Brelle develops a modular energy platform for high-performance machines, combining battery hardware, embedded AI-enabled software, and automated manufacturing.

Deep TechEnergyHardwareLos Alamitos, US

Martin Hermez(Founder)Nachiket V(Founder)

Co-investorsFirst Star Ventures

Bulk MRO Industrial Supplybulkmro.cominSeed · Sep 2019

Bulk MRO operates a B2B supply chain and finance platform serving enterprise, government, and SME customers with industrial products, metals, agro-commodities, chemicals, and logistics services.

B2B MarketplacesEnterprise SoftwareFintechLogistics & Supply ChainSaaSNew York City, US

Devang Shah(Founder)inGaurang Shah(Director)inCharles Lorenceau(Director)Sergio Pereira(CTO)

Co-investorsAAF Management Ltd.Afore CapitalFJ LabsRebright PartnersSwitch VenturesY Combinator+10 more

Call9callnine.comSeedDefunct

Call9 provides emergency and palliative care to patients in skilled nursing facilities by combining onsite clinical care specialists with remote emergency medicine physicians who evaluate and treat patients via a proprietary platform, reducing response times from an average of 64 minutes to immediate care.

HealthtechNew York City, US

Celina Tenev(Founder)Timothy Peck(CEO)XiaoSong Mu(CTO)Chris Stringfellow

Co-investorsFundersClubY CombinatorBios PartnersGreat Oaks Venture CapitalHillcrest Venture PartnersIndex Ventures+8 more

Cambridge Cancer Genomicsccg.ai𝕏SeedDefunct

CCG.ai develops software that uses clinical and genomic data to help oncologists select appropriate cancer treatments for individual patients, with a focus on identifying predictive biomarkers linked to treatment response.

HealthtechMedical DevicesCambridge, GB

John Cassidy(CEO)inNirmesh Patel(Chief Scientific Officer)inEvaline Tsai(CPO)inHarry Clifford(CTO)Luke Harries(Machine Learning Engineer (Contracting and Internship))Joan Tanous(Operations Associate)

Co-investorsAmplify PartnersFundersClubPi CampusSoma CapitalY CombinatorAME Cloud Ventures+8 more

Causal Labsgetcausal.aiSeed · Mar 2025 · $6M

Causal Labs builds a Large Physics foundation Model to learn causality through physics and weather observations.

AI & Machine LearningDeep TechSan Francisco, US

Dar Mehta(Founder)inYue (Kelsie) Zhao(Founder)

Co-investorsBoxGroupKarman VenturesKindred VenturesTranspose Platform ManagementUnion Square Ventures (USV)Otherwise

Causallabscausallabs.io

Dar Mehta(Founder)Kelsie Zhao(Founder)

Co-investorsBantam GroupKindred Ventures

Checkerspotcheckerspot.cominAug 2026

Checkerspot uses microalgae precision fermentation to produce specialized lipids and fats, including a bio-equivalent source of the sn-2 palmitate fat found in mother's milk, rare bioactive fatty acids, and tropical fat alternatives.

BiotechClimate TechFoodTechNew MaterialsAlameda, US

Scott Franklin(Executive Officer, Director)inCharles Dimmler(Executive Officer, Director)inJohn Krzywicki(CEO)inLayla Ward(CFO)inCasey Lippmeier(CTO)inLeon Parker(SVP, Molecular Biology)in

Co-investorsBaruch Future VenturesBreakout VenturesCavallo VenturesPlug and Play VenturesViking GlobalBuilders VC+5 more

Clover Healthcloverhealth.comin𝕏

Clover Health is a health insurance provider offering low-cost plans with minimal premiums, copays, and prescription drug costs.

Digital HealthHealthtechInsurTechJersey City, US

Vivek Garipalli(Founder)inAndrew Toy(Founder)inKris Gale(Founder)

BoardNat Turner(Director)inMike Dixon(Director)Josh Kopelman(Director)in

Co-investorsArena VenturesBoxGroupFirst Round CapitalFloodgateGV (Google Ventures)Lifeforce Capital+9 more

Consusconsus.ioinSeed

Consus provides an API that directs AI requests to secure infrastructure built for handling controlled data in aerospace and defense sectors, eliminating the need for customers to manage compliance and infrastructure separately.

Advanced ManufacturingAI & Machine LearningDeveloper ToolsSpace TechSan Francisco, US

Eric Magliarditi(CEO)in

Co-investorsY Combinator468 CapitalGeneral Catalyst

Culture Biosciencesculturebiosciences.comin𝕏Series B

Culture Biosciences provides software and bioreactor hardware solutions for bioprocess development, enabling researchers to design, monitor, and analyze experiments remotely with cloud-native analytics and AI/ML insights.

AI & Machine LearningBiotechCloud ComputingHealthtechSan Francisco, US

Will Patrick(CEO)inMatt Ball(CTO)inJonathan Meed(Senior Software Engineer)Satshabad Khalsa(Software Engineer)Andre Castillo(Director of Hardware Operations, Manufacturing and Quality)Fre Tachea(Director of Fermentation)

Co-investorsCompoundDCVC (Data Collective)GRIDS CapitalHemisphere Ventures LLCTeam Builder VenturesThe E14 Fund+20 more

Curativecurative.comin𝕏Oct 2025

Curative offers an employer-sponsored health insurance plan with $0 copays, $0 deductibles, and a single monthly premium, giving members access to a nationwide provider network, telehealth, and $0 preferred prescriptions.

Digital HealthHealthtechInsurTechAustin, US

Isaac Turner(Founder)inFrederick Edward Turner(Executive Officer, Director)Tami Denise Wilson-Ciranna(Chief Financial Officer)Fred Turner(Founder)inVlad Slepnev(Founder)

Co-investorsDCVC (Data Collective)Jam FundSoma CapitalUndeterred CapitalGalaxy Digital Assets Fund

Deliverrdeliverr.com𝕏Mar 2021acquired by Shopify · May 2022

Deliverr was an e-commerce fulfillment startup offering fast, Amazon Prime-like two-day delivery for merchants selling on marketplaces like Shopify, Walmart, and eBay via a distributed network of warehouses.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US

Michael Krakaris(Founder)inDavid C. Petersen(Founder)inHarish Abbott(Founder)Ryan Petersen(Founder)in

Co-investors8VCActivant CapitalAlumni VenturesKrillion VenturesNFI Ventures, LLC9Yards Capital+32 more

Enzymeenzyme.comin𝕏Seedacquired by Greenlight Guru · Jul 2025

Enzyme develops a Quality Management System (QMS) software platform for life science companies including drug, biologic, device, and digital product manufacturers, designed to streamline regulatory workflows and generate FDA-ready documentation.

Enterprise SoftwareHealthtechMedical DevicesSaaSSan Francisco, US

Jared Seehafer(CEO)inJacob Graham(Vice President QA/RA)inAl Abut(Director of Design)Ryan Stellar(Vice President Product)Alex Speller(Head of Engineering)Mark Krempley(Vice President Operations)

Co-investorsDCVC (Data Collective)Soma CapitalY CombinatorAg Startup Engine SeedHack VCInformed Ventures Advisors, Llc+4 more

Epana Bioepana.bio

Epana Bio develops therapies for autoimmune diseases by leveraging genomics and AI to identify and target cellular origins of disease, with a focus on precision medicine for patient populations.

AI & Machine LearningBiotechDigital Health

Co-investorsBreakout LabsBreakout VenturesHAWKTAILHummingbird VenturesOMX VenturesPoint Financial Capital+2 more

Evernowevernow.cominSep 2022 · $28.5M

Evernow provides personalized, longitudinal menopause care for women, offering access to menopause providers, treatments, and ongoing support.

Digital HealthFemTechWellness & Fitness

Alicia Jackson(Founder)in

Co-investorsAlumni VenturesEnsemble LabsGaingelsNew Enterprise Associates (NEA)8VCCoelius Capital

FactoryFour (Fusiform)factoryfour.com𝕏

Xometry provides an instant quoting and manufacturing platform that connects startups and enterprises with a global network of manufacturers to produce precision components from prototype through high-volume production.

Advanced ManufacturingB2B MarketplacesSaaS

Co-investorsAugust CapitalMaryland TEDCOTEDCO

Fleetzerofleetzero.comin𝕏Seed · Jun 2022

Fleetzero designs and retrofits commercial vessels with battery-electric propulsion systems to decarbonize ocean shipping.

Advanced ManufacturingCleantechClimate TechEnergyHardwareRoboticsHouston, US

Steven Henderson(Founder)inMike Carter(Founder)inSteven H(Founder)Steven Henderson Michael Carter(Founder)Thomas Smillie(Vice President Engineering)Maggie Belshe(Marketing)

Co-investorsObvious VenturesBreakthrough Energy VenturesCantos VenturesDarco CapitalMaersk GrowthPioneer+10 more

Floodbasefloodbase.comin𝕏

Floodbase offers a parametric insurance platform that uses flood data and near real-time flood event monitoring to help insurers design, price, underwrite, and trigger flood coverage.

AI & Machine LearningClimate TechData & InfrastructureInsurTechBrooklyn, US

Bessie Schwarz(Founder)inBeth Tellman(Founder)in

BoardMarty Schneider(Director)Sasha Brown(Director)John Loser(Director)in

Co-investorsBURNT ISLAND VENTURESCollaborative FundEcosystem Integrity FundFloating PointGroundForce CapitalLowercarbon Capital+3 more

Fytofyto.com𝕏Jul 2022

From Yellow To Orange (fyto) is a Japanese company that produces and distributes music and video, composes and arranges music, and plans, develops, and sells games and digital content.

ConsumerGamingMedia & EntertainmentPetaluma, US

Kenji Eno(Founder)Yuka Iino(Representative Director (CEO))Jason Prapas(Executive Officer, Director)Harold Kruth(Director)Andy Wheeler(Director)

Co-investorsAgFunderGV (Google Ventures)City LightFirst Star Ventures

Fytofyto.usJul 2022

Fyto develops nutrient recycling and protein production technology for farmers, enabling sustainable food production with reduced environmental impact.

AgTechClimate TechFoodTechRoboticsSan Francisco Bay Area, US

Jason Prapas(Founder)

Co-investorsCity LightAgFunderBaukunstFirst Star VenturesGV (Google Ventures)

Gencovegencove.comin

Gencove provides direct-to-consumer genetic sequencing and polygenic risk scoring for health insights.

BiotechDigital HealthHealthtechNew York, US

Tomaz Berisa(Executive Officer, Director)inJoseph Pickrell(Executive Officer, Director)in

BoardSara Eshelman(Director)in

Co-investorsBread And Butter Ventures, LlcSpero VenturesVersion One VenturesAlexandriaBalaji SrinivasanBurst Capital+1 more

General Galacticgengalactic.comin𝕏Seed · Sep 2024 · $8M

General Galactic is a space infrastructure company focused on building orbital and extraterrestrial infrastructure, drawing inspiration from science fiction concepts like propellant generation for off-Earth settlement.

Deep TechHardwareLogistics & Supply ChainSpace TechEl Segundo, US

Halen Mattison(Founder)inLuke Neise(Founder)in

Co-investorsAntiBoxGroupHarpoon VenturesIndustrious VenturesPathbreaker VenturesPlug and Play Ventures+2 more

Granza Biogranzabio.comin𝕏Seed · Jul 2024 · $7M

Granza Bio develops immunotherapy treatments leveraging naturally-occurring attack particles that are released from cytotoxic immune cells to target diseases including cancers, autoimmunity, and infections.

BiotechDeep TechDigital HealthHealthtechSan Francisco, US

Prof. Dustin(Co-founder)Ashwin Nandakumar(CEO)inAshwin Jainarayanan(Founder)inMichael Dustin(Founder)

Co-investorsFelicis VenturesMetaplanetOxonian VenturesPioneerRitual CapitalY Combinator+4 more

Headspaceheadspace.comin𝕏Sep 2017

Headspace is a mental health app that delivers personalized support through meditation, mindfulness, AI-powered guidance, coaching, therapy, and psychiatry services for individuals and organizations worldwide.

Digital HealthHealthtechMental HealthWellness & FitnessSanta Monica, US

Andy(Co-founder)Richard Marsh Pierson(Executive Officer, Director)Andrew David Puddicombe(Executive Officer, Director)Sean Brecker(Executive Officer)inTom Pickett(Chief Executive Officer)inAndy Puddicombe(Founder)

Co-investors1435 CapitalAdvance Venture PartnersAdvancit CapitalBessemer Venture PartnersBreyer CapitalCity Light+18 more

Hero Researchhero.app

A revenue intelligence platform that provides deal context, risk visibility, and marketing attribution to help sales and revenue teams win more deals.

AI & Machine LearningMarketing TechSaaSSales Tech

Co-investorsZillionize

Hexiumhexium.usinSeed · Jul 2024 · $8M

Hexium develops Atomic Vapor Laser Isotope Separation (AVLIS) technology that uses lasers and electric fields to enrich isotopes, starting with lithium.

Deep TechEnergyNew MaterialsAustin, US

Leonard Charles Jarrott(Executive Officer, Director)Jacob Peterson(Executive Officer, Director)in

BoardMike Palank(Director)in

Co-investorsHumba VenturesJulian CapitalMaC Venture CapitalOverture ClimateR7 Partners

Hormone-Free IVFvitra.bioin

Vitra Bio is a biotechnology company developing technology aimed at transforming fertility treatment.

BiotechFemTechHealthtech

Ivana Muncie-Vasic(Chief Executive Officer and Founder)inJohn Langowski(Chief Technology Officer)in

Co-investorsBreakout VenturesForeground CapitalNorth South VenturesSpacecadet VenturesBoom Capital Ventures

Kin Euphoricskineuphorics.com𝕏

Kin Euphorics makes non-alcoholic functional beverages formulated with adaptogens, nootropics, and botanics intended to affect mood, brain function, and immunity.

ConsumerDirect to ConsumerWellness & Fitness

Jen Batchelor(Founder)inJen Batchelor Matthew Cauble(Founder)

Co-investorsBoxGroupCanaan PartnersCollaborative FundFifty YearsMelitas Ventures LlcTrousdale Ventures+2 more

Kip Healthhellokip.com𝕏SeedAcquired

Kip Health operates a therapy service that pairs in-person therapist sessions with a private mobile app for asynchronous communication between visits, using measurement-based clinical protocols.

HealthtechSan Francisco, US

Ti Zhao(Founder)inErin Frey(CEO)

Co-investorsY CombinatorGreat Oaks Venture CapitalSlow Ventures

Knowdeknowde.comin𝕏Pre-Seed · Sep 2017 · $1.5M

Knowde provides a data management platform for industrial businesses, specifically chemicals and ingredients, that uses AI to extract, structure, and harmonize fragmented master data from legacy systems.

B2B MarketplacesData & InfrastructureEnterprise Software

Ali Amin-Javaheri(Founder)inWojciech Krupa(Founder)inJanakiraman Swamy(Founder)

Co-investorsAlumni VenturesBee PartnersCoatue ManagementFJ LabsG SquaredGaingels+9 more

Legalistlegalist.comin𝕏Seed

Legalist is an institutional alternative asset management firm that invests in legal assets, including litigation finance, government receivables, and distressed debt instruments, combining proprietary technology with legal underwriting to generate risk-adjusted returns for institutional clients.

AI & Machine LearningFintechSan Francisco, US

Christian Haigh(CIO)inEva Shang(Founder)inHunter Morales(Chief of Staff)Team Legalist(HR assistant)Parth Bhatia(Operations Lead)Murray Love(Director of Product)

Co-investorsY CombinatorAgrolimen VenturesFriedgan, Mark | Hubrix VenturesRough Draft VenturesVy Capital

Loyalloyal.comin𝕏

Loyal develops longevity drugs for dogs, targeting the biological processes of aging to extend healthy lifespan and reduce age-associated disease.

BiotechHealthtechLongevity

Celine Halioua(Founder)in

Co-investorsage1Bain Capital VenturesBoxGroupCollaborative FundFirst Round CapitalFlucas Ventures+18 more

LTSE Services, Inc.ltse.comin𝕏Series A

LTSE Private Markets is a platform operated by the Long-Term Stock Exchange that connects institutional and accredited investors to late-stage private companies through direct and secondary market transactions.

Enterprise SoftwareFintechSan Francisco, US

Eric Ries(CEO)inJohn Bautista(Founder)inNatalie RisoinMaliz BeamsinZoran Perkov(Founder)Mawulom Nenonene(People)

Co-investors500 GlobalAlumni VenturesAndreessen HorowitzCollaborative FundFloodgateGaingels+15 more

Lucy Goods, Inclucy.co𝕏Seed

Lucy manufactures tobacco-free nicotine pouches in various flavors and strengths designed for consumer use.

BiotechConsumerE-commerceFoodTechLos Angeles, US

John Coogan(Founder)inSamy Hamdouche(Founder)inDavid Renteln(Founder)inAlan Li(Business Development)

Co-investorsBailey Venture PartnersGreycroftRRE VenturesY CombinatorBoxGroupMaveron+4 more

Lumindtlumindt.com

Lumindt builds its own commercial battery energy storage systems that capture surplus solar or low-cost grid energy for later use, helping commercial operations reduce operating costs and avoid peak utility rates.

CleantechEnergyHardwareSan Francisco, US

Bruno Geoly(Co-Founder)inMia Rath(Co-Founder)in

Co-investorsGaingelsInvariantes FundMission One Capital

Macro Oceansmacro-oceans.cominOct 2024

Macro Oceans develops seaweed-based (kelp) feedstocks and materials as a low-carbon alternative to petroleum-based chemicals and products, building a traceable seaweed supply chain with brand, technology, and grower partners.

Advanced ManufacturingBiotechCleantechClimate TechFoodTechNew MaterialsSan Francisco, US

Matthew Perkins(Founder)in

Co-investorsHAWKTAILLowercarbon CapitalKnollwood Investment AdvisoryMcKinley Alaska Private InvestmentSchox Venture Capital

Melonfrostmelonfrost.cominJan 2023

The page presents "The Pokies Net," an online casino targeting Australian players with a catalog of over 1,600 pokies, table games, and live dealer titles from providers like NetEnt, Pragmatic Play, and Evolution Gaming.

ConsumerGaming

Co-investorsHAWKTAILNat TurnerAlexandria

Modern Healthmodernhealth.comin𝕏Dec 2017

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

Digital HealthEnterprise SoftwareHealthtechHR TechMental HealthSan Francisco, US

Alyson Watson(CEO)inErica Johnson(Founder)Alyson Friedensohn(Executive Officer, Director)inAlyson (Friedensohn) Watson(Founder)inErica (Johnson) JersinNate Norton(DevOps Engineer)

Co-investors01 Advisors515 VenturesAfore CapitalBattery VenturesKleiner PerkinsMerus Capital+11 more

Modulo Biomodulo.bioin𝕏Jun 2023

Modulo is a biotech company focused on the neuroimmune system, developing treatments for brain and central nervous system disorders.

AI & Machine LearningBiotechDeep TechLos Altos, US

Mike Horowitz(CEO & Co-founder)Justin Ichida(Co-founder)inScott Patterson(CTO & Co-founder)inJoe Wagner(Chief Development Officer)

BoardAlda Leu Dennis(Director)inNicholas Saccomano(Director)

Co-investorsCantos VenturesGaingelsHAWKTAILInitialized CapitalLifespan Vision VenturesMana Ventures+3 more

Other

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

TL BiolabsVitra Labs

Exits · 8

2 IPOs · 6 acquisitions · showing 3

CoinbaseNasdaq: COINDeliverracq. by ShopifyEnzymeacq. by Greenlight Guru

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Refactor Capital made?
Refactor Capital has 96 tracked investments, 8 of which have exited, including 5 dated in the last 24 months.
What stage does Refactor Capital invest at?
Refactor Capital invests at the Seed, Series A stages.
What is Refactor Capital's typical check size?
Refactor Capital typically writes checks of $1M – $2M.
What sectors does Refactor Capital focus on?
Refactor Capital focuses on AgTech, AI & Machine Learning, Biotech, Climate Tech, Crypto & Web3, Deep Tech, Defense Tech, Energy, FemTech, Fintech, Hardware, Healthtech, InsurTech, Medical Devices, Mental Health, New Materials, Robotics, Space Tech.
Where is Refactor Capital located?
Refactor Capital is headquartered in Burlingame, US.
Does Refactor Capital lead rounds?
Yes, Refactor Capital leads investment rounds.
Who does Refactor Capital co-invest with?
Refactor Capital most often shares deals with Y Combinator, Battery Ventures, Greycroft, among 13 tracked co-investors.

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Co-investors · 54

BoxGroup

BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.

$250K – $1M
Soma Capital

Soma Capital is a venture capital firm that backs founders building category-defining technology companies, emphasizing close, early relationships with ambitious entrepreneurs.

$100K – $300K
Fifty Years

Fifty Years (50Y) is a pre-seed and seed-focused venture capital firm that backs founders using technology to solve major global problems, and also helps start companies.

$250K – $2M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Liquid Ventures

Liquid 2 Ventures is a seed-stage venture capital firm founded in 2015 by Joe Montana and based in San Francisco.

$250K – $5M
Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M
Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
SV Angel

SV Angel is a San Francisco-based firm that invests long-term in founders, supporting them with advice, introductions, and network access at key business inflection points.

$150K – $20M
Cantos Ventures

Cantos Ventures is an early-stage venture firm founded in 2016 that provides initial capital and ongoing counsel to founders building deep technology in areas such as robotics, energy, space, defense, and advanced manufacturing.

$400K – $1.5M
Friale

Friale is an early-stage venture firm run by founders who back companies reimagining software in the age of AI across all verticals.

$100K – $600K
Sequoia Capital

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

$100K – $50M
First Round Capital

First Round Capital is an early-stage venture firm partnering with founders at the very first stages of company creation, backing companies from angel through seed with hands-on support across GTM, recruiting, and operations.

$100K – $20M
▶42 more co-investors

Khosla VenturesFJ LabsAmplify PartnersHack VCKindred VenturesUpHonest CapitalBuckley Ventures Management Company LlcThreshold VenturesLux CapitalArray Ventures Management LlcCompoundIndustry VenturesBee PartnersIndex VenturesSOSVSusa VenturesVenrockOperator LPBlockchain CapitalFormation GroupHelium-3 VenturesHighbury HoldingsWormhole CapitalVerified Capital8090 IndustriesTencent HoldingsValia VenturesAhren Innovation CapitalMoonstone Venture CapitalTeam Builder Venturesage1BenchmarkKrakenNorwest Venture PartnersAtomicoOffline VenturesMayfield FundIncite.orgMoving CapitalArkitekt VenturesFactorial CapitalMeridian Street Capital

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

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