Fundraising Fox

TRAC (Third Round Analytics Capital)

Venture capital

San Francisco · Seed–Series B · 8 people tracked

Also known as TRAC

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Investment thesis

TRAC invests across industries using algorithmic decision-making based on machine learning and deep learning models rather than traditional human-driven investment processes. The firm has deployed over $60M across seed, Series A, and Series B rounds with an industry-leading loss ratio of 8.5% compared to the industry average of over 40%, and achieves a top decile DPI across its funds.

Source: firm website, verified Aug 6, 2026.

Stage
Seed–Series B
Check
$250K – $2M
HQ
San Francisco, California, US
Leads rounds
Follows
Instruments
Equity
Founded
2020
AUM
$60M
Tracked investments
129

Team · 8 people

from the firm's website & public directories

What they invest in

from 96 of 129 portfolio companies

AI & Machine Learning ×56SaaS ×44Enterprise Software ×40Advanced Manufacturing ×17Deep Tech ×17Data & Infrastructure ×16Hardware ×16Fintech ×14

HQs:United States×70United Kingdom×5Canada×2Australia×1Switzerland×1India×1

Investments · 129 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12022 · 13 dated

21st21st.devin𝕏

21st.dev provides a library of thousands of components and templates from the community for developers to use in building applications.

Developer ToolsEnterprise SoftwareSan Francisco, US

Serafim Korablev(CEO / co-founder)inSergey Bunas(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY Combinator

AI Pocket
AI Vector
Albedoalbedo.comin𝕏

Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.

Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US

Topher Haddad(Founder)inAyJay Lasater(Founder)inWinston Tri(Executive Officer, Promoter)Dylan Betts(Executive Officer)

BoardChristian Garcia(Director)inRaj Shah(Director)in

PartnerFred Campbell· solo GP

Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesDnx VenturesJetstreamRepublic Capital (ex Republic Labs)+8 more

Anaraanara.comin𝕏

Anara is an AI platform designed for scientific research that searches document libraries and the web, summarizes findings with automatic citations, and helps researchers write with verified sources.

AI & Machine LearningDeep TechEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Naveed Janmohamed(Founder)in

PartnerFred Campbell· solo GP

Co-investorsRebel FundTranspose Platform ManagementY CombinatorKfW

Array Labsarraylabs.ioin𝕏

Array Labs develops radar technology for aerospace and other leading industries.

Advanced ManufacturingDeep TechDefense TechHardwareSpace TechSan Francisco, US

Andrew Peterson(Founder)inJose Isaac Robledo(Founder)in

PartnerFred Campbell· solo GP

Co-investorsACVC PartnersAera VCClearance Venture PartnersDellin InvestmentsK Street CapitalLobster Capital+10 more

Asha Healthasha.healthin𝕏

Asha Health provides AI-powered software that automates clinical workflows and administrative tasks for medical practices.

AI & Machine LearningDigital HealthHealthtechNew York City, US

Akkshay Khoslaa(Founder)inGokul Kumarresen(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY CombinatorDG Daiwa VenturesOlive Tree CapitalReach Capital

Axle Healthaxlehealth.comin𝕏

Axle Health provides a logistics and scheduling platform for home health care providers that optimizes clinician routing, staffing decisions, and patient coordination through real-time data and predictive forecasting.

AI & Machine LearningDigital HealthHealthtechLogistics & Supply ChainSaaSLos Angeles, US

Adam Stansell(Founder)in

PartnerFred Campbell· solo GP

Co-investorsF-Prime Capital PartnersRebel FundY Combinator

Bear
Bear
Bear AIusebear.ai

Bear provides datasets derived from real work processes to help organizations build dependable AI agents.

AI & Machine LearningData & Infrastructure

PartnerFred Campbell· solo GP

Co-investorsIncisive Ventures

Berryberryapp.ioin

Berry is an AI revenue agent for enterprise SaaS companies that automates customer success and renewal management across post-sales teams.

AI & Machine LearningEnterprise SoftwareSaaS

PartnerFred Campbell· solo GP

Co-investorsMyelin VC

BeSimple
BeSimple
Besimple AIbesimple.aiin𝕏

BeSimple collects, licenses, and annotates high-quality conversational audio datasets across 15+ languages for training and evaluating audio and multi-modal AI models.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

Yi Zhong(Founder)inBill Wang(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY CombinatorScript Capital

BirdBrick
Birdiegetbirdie.ioin𝕏

Birdie is an AI assistant that helps sales and prospecting teams research leads, generate personalized outreach copy, and manage follow-ups integrated with existing sales tools.

AI & Machine LearningEnterprise SoftwareSaaSSales TechSan Francisco, US

Daniel Hung(Co-founder / CEO)in

PartnerFred Campbell· solo GP

Co-investorsWayfinder VenturesY CombinatorAstellaIlluminate VenturesIndex Ventures

BitBoardbitboard.workin𝕏

BitBoard enables users to generate dashboards and analyses from AI chat tools and coding agents, storing queries, code, and connections as persistent assets that can be shared and rerun with consistent logic.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Connor Jones(Co-Founder & CEO)inAmbar Choudhury(Co-Founder, CTO)in

PartnerFred Campbell· solo GP

Co-investorsY Combinator

Bite Ninjabiteninja.comin𝕏

Bite Ninja provides remote order-taking technology that enables restaurant staff to process drive-thru and takeout orders from remote locations.

AI & Machine LearningEnterprise SoftwareFuture of WorkLogistics & Supply ChainRetail TechSaaSMemphis, US

William Clem(Founder)inOrin Wilson(Executive Officer, Director, Promoter)

PartnerFred Campbell· solo GP

Co-investorsY CombinatorAgFunderOwl Ventures

Blazewithblaze.appin𝕏

Blaze provides a platform that monitors online signals to identify and target potential customers at the moment they demonstrate purchase intent, using AI-powered automation.

Enterprise SoftwareSaaSSan Francisco, US

Lauren Rothwell(Founder)inChirag Mahapatra(Founder)in

PartnerFred Campbell· solo GP

Co-investorsBling CapitalDigital Currency GroupY CombinatorAct One VenturesFaction

Borderless AIhireborderless.comin𝕏

Borderless AI is an Employer of Record platform that helps companies onboard talent, run real-time payroll, and manage compliance across more than 170 countries.

AI & Machine LearningEnterprise SoftwareFintechHR TechSaaS

PartnerFred Campbell· solo GP

Co-investorsBreakwater VenturesMonte Carlo CapitalSeaChangeTranspose Platform Management

Brew
Brew
BrewBirdbrewbird.com𝕏

BrewBird manufactures single-serve coffee brewers that use whole-bean pods designed for office environments, partnering with specialty roasters like Equator and Sightglass.

Circular EconomyFoodTechHardwareBay Area, US

Mickey Du(Founder)in

PartnerFred Campbell· solo GP

Co-investorsACVC PartnersFernbrook Capital ManagementKyber Knight CapitalMaveronMVP VenturesSequoia Capital+2 more

Brickwisebrickwiseai.comin𝕏

Brickwise AI offers an AI-powered property management platform called Alice that automates tenant communication, maintenance, and rent collection for property managers, landlords, and real estate investors.

AI & Machine LearningPropTechSaaSLondon, GB

Ismail Jeilani(Founder)inElias Kassell(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY Combinator

Cair Healthcairhealth.comin𝕏

Cair Health provides agentic automation software for revenue cycle management (RCM) in healthcare, helping billing teams process claims and documentation faster and more accurately.

AI & Machine LearningEnterprise SoftwareHealthtechSan Francisco, US

Shehbaz Virk(Founder)inIshan Balakrishnan(Founder)in

PartnerFred Campbell· solo GP

Co-investorsEvolution VenturesY Combinator

CandorIQcandoriq.comin𝕏

CandorIQ is an AI-powered platform that helps companies plan and manage compensation, headcount, and workforce spend by automating routine planning cycles and enabling real-time collaboration across HR, Finance, and Talent teams.

AI & Machine LearningEnterprise SoftwareHR TechSaaSSan Francisco, US

Haris Ikram(Founder)inSutthipong Thavisomboon(Founder)in

PartnerFred Campbell· solo GP

Co-investorsArray Ventures Management LlcSwitch VenturesY Combinator

Cascade Spacecascadespace.comin𝕏

Cascade Space develops software tools and infrastructure for designing, building, testing, and operating spacecraft communication systems.

Advanced ManufacturingDeveloper ToolsHardwareSaaSSpace TechSan Francisco, US

Jacob Portukalian(Founder)inArlen Abraham(Founder)in

Co-investorsHAWKTAILY CombinatorNight CapitalUndeterred Capital

Cascade Spacecascade.spacein𝕏

Cascade builds tools and infrastructure for designing, building, testing, and operating spacecraft communication systems.

Deep TechHardwareSpace Tech

PartnerFred Campbell· solo GP

Co-investorsAurelia FoundryMGV.VCUndeterred CapitalY Combinator

Chef Roboticschefrobotics.aiin𝕏

Chef Robotics develops an AI-powered food manipulation model and robotic systems for the food service and food production industries, addressing labor shortages in the sector.

AI & Machine LearningFoodTechRobotics

Rajat Bhageria(Founder & CEO)

PartnerFred Campbell· solo GP

Co-investorsAlumni VenturesBasecamp FundBold Capital PartnersConstruct CapitalCross Culture VenturesHCVC+10 more

Clinikallyclinikally.comin𝕏

Clinikally develops and sells dermatology-backed skin and hair care products for Indian consumers, complemented by online consultations with dermatologists.

Digital HealthE-commerceHealthtechMedical DevicesWellness & FitnessGurugram, IN

Arjun Soin(Founder)in

PartnerFred Campbell· solo GP

Co-investorsAmino CapitalEntrepreneur VenturesWorldQuant VenturesY CombinatorYes VCSequoia Capital+1 more

cocreatecocreate.soin𝕏

Cocreate is a software tool for video post-production professionals that automates editorial workflows by reading slates, syncing audio, detecting multicams, building stringouts, and generating Premiere or Avid projects.

ConsumerDeveloper ToolsMedia & EntertainmentSan Francisco, US

Tamish Pulappadi(Founder)inArchish Arun(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY CombinatorZ5 Capital

Comply Advantagecomplyadvantage.comin𝕏

ComplyAdvantage's Mesh Company Screening is an AML software module that screens and monitors business entities against sanctions, watchlists, adverse media, and enforcement data to identify financial crime risk.

AI & Machine LearningCybersecurityFintechSaaSLondon, GB

Charles ▫️ Delingpole(Founder)inCharles Delingpole(Founder & Executive Chairman)inVatsa Narasimha(Chief Executive Officer)in

PartnerFred Campbell· solo GP

Co-investorsBalderton CapitalIndex VenturesAndreessen HorowitzGoldman SachsChaac VenturesCommunitas Capital Partners+3 more

Cyphercypherhq.ioin𝕏

Cypher provides a non-custodial crypto card and payment protocol that enables users to spend cryptocurrencies and stablecoins in everyday life with in-app swaps and cross-chain bridges.

Crypto & Web3FintechSan Francisco, US

Kuberan Marimuthu(Founder)inJOHN WALKER(CHIEF EXECUTIVE OFFICER AND MEMBER OF BOARD OF MANAGERS)BRANDON FUGAL(MEMBER OF BOARD OF MANAGERS)

BoardGLEN D MELLA(MEMBER OF BOARD OF MANAGERS)BRANDON D FUGAL(MEMBER OF BOARD OF MANAGERS)R. DUFF THOMPSON(MEMBER OF BOARD OF MANAGERS)

PartnerFred Campbell· solo GP

Co-investorsY CombinatorCoinbase VenturesLeonis CapitalMDSV CAPITALRevRoad Venture

Cypher Wallet
Dopplerdoppler.comin𝕏

Doppler provides a secrets management platform for developers, DevOps, and security teams to securely manage sensitive credentials and configuration data within their development workflows.

Cloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareAustin, US

Brian Vallelunga(Chairman & Founder)in

PartnerFred Campbell· solo GP

Co-investorsAbstract VenturesChapter OneCRV (Charles River Ventures)Neotribe VenturesY CombinatorCoinbase Ventures+4 more

Enlightraenlightra.comin𝕏

Enlightra develops photonic optical interconnects using comb laser technology to enable high-bandwidth, low-power data transfer for data centers and AI infrastructure.

Advanced ManufacturingData & InfrastructureDeep TechHardwareLausanne, CH

John Jost(Founder)inMaxim Karpov(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY CombinatorAsymmetry VenturesPegasus Tech VenturesProtocol LabsRuna Capital

Ex-Humanexh.ai

PartnerFred Campbell· solo GP

Co-investorsCitta CapitalInsta Ventures

Felafaxfelafax.ai𝕏

BrowserOS is an open-source browser with built-in AI agents that automate web tasks through natural language commands without coding, prioritizing privacy and running locally.

AI & Machine LearningDeveloper Tools

PartnerFred Campbell· solo GP

Fenrock
Fenrock AIfenrock.aiin𝕏

Fenrock AI develops AI agent software designed for banks and other traditional financial institutions to improve their operations and business models.

AI & Machine LearningFintechSan Francisco, US

Charu Sharma(Founder)inMichael M(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY Combinator

Fiber AIfiber.aiin𝕏

Fiber AI provides API access to a database of 40M+ companies, 850M+ professionals, and 30M+ jobs, enabling services like email-to-person reverse lookup, contact enrichment, company and people search with advanced filters, and real-time LinkedIn data fetch.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSales TechNew York City, US

Adi Agashe(Founder)inNeel Mehta(Founder)in

PartnerFred Campbell· solo GP

Co-investorsDash VCEvolution VenturesY Combinator

Ficraficra.aiin𝕏

Ficra is an AI-powered task management tool that automatically discovers tasks from connected apps like Gmail, Calendar, and Slack, creates execution plans, and executes actions upon user approval.

AI & Machine LearningCreator EconomyEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Omar El-Sadany(Founder)inMohammed Abid(Founder)in

PartnerFred Campbell· solo GP

Co-investorsY Combinator

FlightControl
FlightControl
Flossyflossy.comin

Flossy builds AI agents that handle conversations, scheduling, and performance coaching for dental practice front offices.

AI & Machine LearningHealthtechSaaS

Miles Beckett(Founder)inSteve Seigel(Founder)in

BoardStevein

PartnerFred Campbell· solo GP

Co-investorsAct One VenturesB Capital GroupB4 CapitalClocktower VenturesGreen Meadow VenturesPLG Ventures+7 more

Fosterfoster.coin𝕏

Foster is a community platform that facilitates structured writing groups called Writing Circles, combining guided meditation and somatic practices with collaborative writing sessions to help writers achieve flow and authentic self-expression.

ConsumerCreator EconomySocialWellness & FitnessNew York City, US

Dan Hunt(Founder)

PartnerFred Campbell· solo GP

Co-investorsVery Serious VenturesY Combinator

Future Fieldsfuturefields.ioin𝕏

Future Fields uses fruit flies as bioreactors to produce difficult-to-express proteins at scale for pharmaceutical, agricultural, and food applications.

AgTechBiotechCircular EconomyClimate TechDeep TechFoodTechHealthtechEdmonton, CA

Matt Anderson-Baron(Founder)inJalene Anderson-Baron(Founder)in

PartnerFred Campbell· solo GP

Co-investorsAmplify CapitalBee PartnersEdmonton UnlimitedGreen Circle Foodtech VenturesKeiki CapitalSiddhi Capital+6 more

GreenPark Sportsgreenparksports.com

Burlingame, US

Ken Martin(Executive Officer, Director)Ryan Fabian(Director)Chad Hurley(Director)Nick Swinmurn(Executive Officer, Director)

BoardChris Farmer(Director)Sam Englebardt(Director)in

PartnerFred Campbell· solo GP

Co-investorsAurumCastor Ventures (an Alumni Ventures Fund)Flucas VenturesStrawberry Creek VenturesGalaxy InteractiveRed Beard Ventures

Gridwaregridware.ioin𝕏

Gridware provides real-time monitoring and visibility of electrical grid conditions through sensors deployed on power lines, enabling utilities and line workers to detect and respond to problems faster.

Advanced ManufacturingClimate TechEnergyEnterprise SoftwareHardwareIoTSan Francisco, US

Tim Barat(Founder)inOmar B(Founder)inHall Chen(Co-Founder & CTO)in

PartnerFred Campbell· solo GP

Co-investorsAiSprouts VCAnorak VenturesConvective CapitalFifty YearsHAWKTAILLOWERCARBON+7 more

Human Interesthumaninterest.comin𝕏

Human Interest provides a software platform for 401(k) retirement savings plans, designed to help small and mid-sized businesses offer affordable retirement benefits to their employees.

Enterprise SoftwareFintechHR TechSaaSSan Francisco, US

Roger Lee(Founder/CEO)inPaul Sawaya(Founder/CTO)inJeff Schneble(Executive Officer, Director)inTripp Faix(Executive Officer)in

BoardJohn Flynn(Director)Jacob Flomenberg(Director)

PartnerFred Campbell· solo GP

Co-investorsBetter Tomorrow VenturesCrunchFundFundersClubGlynn Capital ManagementGreat Oaks Venture CapitalImmeasurable+13 more

HyperTraderhypertrader.app

PartnerFred Campbell· solo GP

Hyprnotehyprnote.com𝕏

Char is a notepad application with integrated AI that helps manage daily tasks, meetings, and context.

AI & Machine LearningFuture of WorkSaaS

PartnerFred Campbell· solo GP

InEventinevent.comin𝕏

InEvent is a platform for organizing and conducting team meetings with features including video conferencing, interactive polls, note-taking, and calendar integration.

Enterprise SoftwareFintechFuture of WorkMarketing TechSaaSAtlanta, US

Pedro Góes(Founder)inMauricio Giordano(Founder)inVinicius Neris(Founder)in

PartnerFred Campbell· solo GP

Co-investorsStorm VenturesY Combinator

IQ Cascade
JustPaidjustpaid.ioin𝕏

JustPaid provides an online platform, with a page listing its individual investors.

AI & Machine LearningFintechSaaS

PartnerFred Campbell· solo GP

Co-investorsCivilization Ventures Management, Llc

Koyfinkoyfin.comin𝕏

Koyfin provides a financial data and research platform with charts, dashboards, watchlists, model portfolios, alerts, and screeners covering global stocks, ETFs, mutual funds, and macro trends.

Data & InfrastructureFintechSaaSNew York, US

Rob Koyfman(Executive Officer, Director, Promoter)Richard Meatto(Director)

PartnerFred Campbell· solo GP

Co-investorsBoxOne VenturesSocial Leverage

Legacygivelegacy.comin𝕏

Legacy is a men's fertility and reproductive health company that provides sperm testing, analysis, and banking services.

Digital HealthHealthtechWellness & FitnessNew York City, US

Khaled Kteily(Founder)inSarah Steinle(Founder)in

PartnerFred Campbell· solo GP

Co-investorsAMK Investment OfficeOyster VenturesSamsung NextThe MBA FundTq Ventures LlcValia Ventures+7 more

LifeAtlifeat.ioin𝕏

LifeAt is a digital focus and productivity platform offering virtual environments, planning tools, and focus modes designed to help individuals concentrate while working or studying.

ConsumerFuture of WorkSaaS

PartnerFred Campbell· solo GP

Co-investorsZ Venture CapitalPack VenturesPioneer Square LabsSv Tech Ventures, Inc.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has TRAC (Third Round Analytics Capital) made?
TRAC (Third Round Analytics Capital) has 129 tracked investments, including 2 dated in the last 24 months.
What stage does TRAC (Third Round Analytics Capital) invest at?
TRAC (Third Round Analytics Capital) invests at the Seed, Series A, Series B stages.
What is TRAC (Third Round Analytics Capital)'s typical check size?
TRAC (Third Round Analytics Capital) typically writes checks of $250K – $2M.
What sectors does TRAC (Third Round Analytics Capital) focus on?
TRAC (Third Round Analytics Capital) focuses on AI & Machine Learning, Consumer, Deep Tech, EdTech, Enterprise Software, Fintech, Hardware, Healthtech, Media & Entertainment, Medical Devices, SaaS, Sector Agnostic.
Where is TRAC (Third Round Analytics Capital) located?
TRAC (Third Round Analytics Capital) is headquartered in San Francisco, US.
Does TRAC (Third Round Analytics Capital) lead rounds?
TRAC (Third Round Analytics Capital) typically participates in rounds rather than leading them.
Who does TRAC (Third Round Analytics Capital) co-invest with?
TRAC (Third Round Analytics Capital) most often shares deals with Y Combinator, MaC Venture Capital, Olive Tree Capital, among 303 tracked co-investors.

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