Trail Run Capital
Angel networkMill Valley · Pre-Seed · 1 people tracked
Investment thesis
Trail Run Capital invests in first-time and experienced founders from scaling technology companies who are launching ventures. The firm prioritizes operator experience and hands-on partnership, helping founders move from ideation to initial revenue. The investment thesis emphasizes building with proven operators who have demonstrated scaling expertise at companies like Uber, Meta, Ramp, and Palantir, combined with early-stage mentorship and peer learning.
Source: firm website, verified Aug 6, 2026.
Team · 1 people
from public directories
What they invest in
from 15 of 16 portfolio companiesSaaS ×9Enterprise Software ×8AI & Machine Learning ×7Data & Infrastructure ×4Fintech ×4Marketing Tech ×3Circular Economy ×2E-commerce ×2
HQs:United States×13Croatia×1
Investments · 16 tracked
founders shown can be your intro path
AirGarage provides a connected platform and operational services for parking asset management, combining IoT cameras for occupancy monitoring with data analytics and management execution for property owners.
B2B MarketplacesData & InfrastructureIoTPropTechSan Francisco, US
Jonathon Barkl(Executive Officer, Director, Promoter)inScott Fitsimones(Executive Officer, Director, Promoter)in
BoardMike Maples, Jr.(Director)inSriram Krishnan(Director)inTrevor Neff(Director)inRyan Delk(Director)
Co-investorsAbstract VenturesAndreessen HorowitzFloodgateHeadline Growth Management, LLCVillage GlobalFounders Fund+1 more
Austin, US
Jessie Lucci(Founder)
Co-investors1Sharpe VenturesFlybridge Capital Partners
Archy builds a unified software platform for dental practices that integrates scheduling, patient management, and practice operations.
AI & Machine LearningEnterprise SoftwareHealthtechSaaS
Jon RatBen KolinJonathan Rat(Founder)in
Co-investors2.12 AngelsAdapt VenturesBessemer Venture PartnersEntrée CapitalRecall CapitalCRV (Charles River Ventures)+1 more
Ashby is a recruiting software platform that serves as an applicant tracking system (ATS) and all-in-one hiring management tool for talent teams.
Enterprise SoftwareHR TechSaaSSan Francisco, US
Benjamin Encz(Founder)inAbhik Pramanik(Co-Founder & VP of Engineering)in
Co-investorsAlkeon InnovationDVCF-Prime Capital PartnersSemperVirens Venture CapitalTodd and Rahul’s Angel FundY Combinator+2 more
Chippin makes food and treats for dogs formulated to reduce the environmental impact of pet diets, using lower-impact protein sources.
Circular EconomyConsumerDirect to ConsumerFoodTechHealthtech
Haley Russell(CEO & Founder)
Co-investorsDorm RoomHalogen Ventures Management Company LlcRobin Hood Ventures37 Angels
Esusu is an economic mobility platform that helps working families build credit and strengthen financial stability through rent payment reporting.
FintechImpact & Social GoodPropTechNew York, US
Robert C. Henning(Executive Officer)
BoardSamir Goel(Executive Officer, Director)Wemimo Abbey(Executive Officer, Director)
Co-investorsAcumen AmericaImpact America FundMotley Fool VenturesNext Play VenturesOpen Opportunity FundPredictive VC+6 more
Fonoa provides a tax automation platform that calculates taxes, validates tax identifiers, and ensures compliance across 190+ countries and U.S. states.
AI & Machine LearningEnterprise SoftwareFintechSaaSZagreb, HR
Filip Sturman(Founder)inDavor Tremac(Founder)in
Co-investorsDawn Capital LLPForestay CapitalHeadline Growth Management, LLCIndex VenturesOMERS VenturesSprint Vc+5 more
Hex builds tools for data analysis and visualization, serving data teams, analysts, and organizations that need to work with data.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US
Barry McCardel(Founder)inCaitlin Colgrove(Founder)Glen Takahashi(Founder)
Co-investors137 VenturesAmplify PartnersAndreessen HorowitzDash VCLorimer VenturesNext Legacy Partners+8 more
Lucky Sweater is an online marketplace and community for trading and selling secondhand clothing, with curated weekly drops of items available for swap.
Circular EconomyE-commerceMarketplaces
Co-investorsKeiki Capital
Mercury is an investor database listing venture capital investors and their sector focus areas.
Data & InfrastructureEnterprise SoftwareFintechSaaSSector Agnostic
Immad Akhund(Founder & CEO)inJason Zhang(Co-Founder and Chief Operating Officer)inMax Tagher(Co-Founder and Chief Technology Officer)in
Co-investorsAndreessen HorowitzAngel Collective Opportunity FundBetter Tomorrow VenturesBuilders + BackersChapter OneClocktower Ventures+38 more
NOX operates AI-powered metal manufacturing facilities that provide cut-to-spec metal products to American manufacturers with quote and delivery times measured in milliseconds rather than days.
Advanced ManufacturingAI & Machine LearningDeep TechRoboticsDetroit, US
Zane Hengsperger(Founder)in
Co-investorsAnorak VenturesOperator CollectiveThe CouncilY CombinatorE1 Ventures
Paramark builds a marketing measurement platform that uses statistical modeling to show marketers which spend and channels actually drive results, positioned as an alternative to last-touch attribution.
AdTechAI & Machine LearningData & InfrastructureMarketing TechSaaSSan Francisco, US
Pranav Piyush(Co-founder & CEO)Pete Belknap(Co-founder & CTO)Sam Faillace(VP of Marketing)Hourann Bosci(Founding Engineer)
Co-investorsGreylock PartnersInvariantes FundPosition VenturesRecall Capital
Primer operates a network of microschools blending human instruction with technology to personalize learning for K-12 students, addressing education gaps in math and reading.
EdTechMiami, US
Ryan Delk(Co-Founder and CEO)
Co-investorsCubit CapitalEarl Grey CapitalElevate VenturesExpaHyperguapJetstream+4 more
Replo is a no-code platform for building, testing, and launching high-converting landing pages and sales funnels for e-commerce and SaaS businesses.
AI & Machine LearningDeveloper ToolsE-commerceEnterprise SoftwareMarketing TechSaaSSan Francisco, US
Yuxin Zhu(Founder)inNoah Gilmore(Founder)
Co-investorsInfinity VenturesLa FamigliaY Combinator
Santé builds a point-of-sale system designed specifically for liquor retail stores.
AI & Machine LearningEnterprise SoftwareFintechRetail TechSaaSNew York City, US
Darren Fike(Founder)in
Co-investorsBonfire VenturesKima VenturesOperator CollectiveVeridical VenturesY CombinatorHatteras+2 more
Tofu automates go-to-market campaigns within existing CRM and sales tools, serving GTM and growth operations teams through features like outbound prospecting, lead nurturing, event follow-up, and deal management.
Enterprise SoftwareMarketing TechSaaSSan Mateo, US
Elaine Zelby(Founder)Eunjoon (EJ) Cho(Founder)Honglei Liu(Founder)
Co-investorsEudemian VenturesHubSpot VenturesIndex VenturesSlow VenturesStage 2 CapitalTau Ventures
Portfolio news
latest coverage across their companiesSanté · pulse2.com · Jul 19, 2026
Mercury · marketbeat.com · Jul 18, 2026
Archy · finsmes.com · Jul 10, 2026
Nox Metals · ecosistemastartup.com · Jun 27, 2026
Fonoa · eu-startups.com · May 29, 2026
Primer · finance.yahoo.com · May 22, 2026
Esusu · finsmes.com · Dec 16, 2025
Ashby · news.crunchbase.com · Jul 22, 2025
Frequently asked questions
- How many investments has Trail Run Capital made?
- Trail Run Capital has 16 tracked investments.
- What stage does Trail Run Capital invest at?
- Trail Run Capital invests at the Pre-Seed stage.
- What sectors does Trail Run Capital focus on?
- Trail Run Capital focuses on Sector Agnostic.
- Where is Trail Run Capital located?
- Trail Run Capital is headquartered in Mill Valley, US.
- Does Trail Run Capital lead rounds?
- Trail Run Capital typically participates in rounds rather than leading them.
- Who does Trail Run Capital co-invest with?
- Trail Run Capital most often shares deals with Y Combinator, Andreessen Horowitz, Operator Collective, among 107 tracked co-investors.
Images
Co-investors · 21
Todd and Rahul's Angel Fund is an early-stage investment vehicle run by founders Todd Goldberg and Rahul Vohra, who write $300k-$500k checks into early-stage startups and help with product/market fit, go-to-market, and future fundraising.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
SoftBank Vision Fund invests globally in AI-focused companies working to transform and create industries.
Village Global is a venture capital firm backed by a network of 400+ founders, operator angels, and prominent LPs from leading tech companies, offering founders access to its network alongside capital.
OMERS Ventures is the venture capital arm of the OMERS pension plan, investing in early-stage technology founders building solutions across North America and Europe.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
Uber is a technology company operating multisided platforms that connect consumers with ride services, transit, delivery of food and groceries, and freight shipping across more than 70 countries and 15,000+ cities.
Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.
Bond is a venture capital fund spun out from Kleiner Perkins that combines Mary Meeker's famous multi-hundred-page "Trends" reports with late-stage investing, positioning itself as both a macro research house and capital provider for category-defining Internet and software businesses. The fund operates with a small, senior-heavy partnership that blends operators and growth investors, focusing on companies that have already proven product-market fit and helping them architect global expansion and IPO readiness.
Stride VC invests in seed-stage companies operating in the United Kingdom and France.
Buckley Ventures is a venture capital firm that makes concentrated early-stage investments in internet, software, and frontier technology companies.
DCM Ventures is an early-stage venture capital firm that leads rounds and partners with a small number of companies each year, backing innovative founders with a global, cross-border team.
▶9 more co-investors
Array Ventures Management LlcKearny JacksonAthletico VenturesForum VenturesAV8 VenturesEssence Venture CapitalOkta VenturesQuest Venture PartnersAlexandria Angels
Firms observed investing alongside Trail Run Capital, from public investor directories. Shared companies are the overlap with Trail Run Capital's recorded portfolio.
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