Fundraising FoxTrail Run Capital
Venture capitalMill Valley · Pre-Seed · 4 people tracked
Find your way into Trail Run Capital
1,125 people in our graph share verified history with the Trail Run Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Trail Run Capital invests in operators leaving today's high-growth companies to build the high-growth companies of the future. The firm believes that operators from complex, competitive environments like Uber, Palantir, and Ramp master operational excellence and build powerful alumni and talent networks that position them for their next venture. It views partnering with these top operators as they strike out on their own as a defining opportunity of the decade, and optimizes for founders with long-term endurance and high pain tolerance.
Source: firm website, verified Sep 20, 2026.
What founders say
No founder feedback on Trail Run Capital yet.
Team · 4 people
from the firm's website & public directories
What they invest in
from 19 of 20 portfolio companiesSaaS ×11AI & Machine Learning ×10Enterprise Software ×8Data & Infrastructure ×5Fintech ×5Marketing Tech ×3Consumer ×2Developer Tools ×2
HQs:United States×16Croatia×1Indonesia×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×42 founders×63 founders×3
Where their founders studiedfrom 20 founders with education data
Stanford University ×3University of California, Berkeley ×3
What their founders studiedfrom 21 founders with field-of-study data
Computer Science ×12Business & Management ×3Engineering ×3Economics ×2
Where their founders worked beforefrom 23 founders with career history
Uber ×6Fast ×3PlanGrid ×3Stanford University ×3Dropbox ×2Yelp ×2
Accelerator rootsportfolio companies that came through a program
2 founders hold a PhD · 1 hold an MBA (of 23 with degree data)
Investments · 20 tracked
founders shown can be your intro pathBy year:2026 · 12023 · 12021 · 12020 · 12019 · 15 dated
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 HorowitzFloodgateHeadlineHeadline Growth Management, LLCVillage Global+1 more
Austin, US
Jessie Lucci(Founder)in
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
Ben KolininJonathan Rat(Founder)in
Co-investors2.12 AngelsAdapt VenturesBessemer Venture PartnersEntrée CapitalRecall CapitalAlven+3 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 CapitalSemperVirens Venture CapitalTodd and Rahul’s Angel FundY Combinator+12 more
BukuWarung is a financial application that helps Indonesian micro, small, and medium enterprises (UMKM) manage payments, accounting, and access loans.
FintechSaaSJakarta, ID
Abhinay Peddisetty(Founder)in
Co-investorsAC VenturesCapria VenturesGMO VenturePartnersGolden Gate VenturesQuona CapitalRocketship.vc+7 more
CapOut is an AI-powered workflow tool that parses Xactimate insurance scope PDFs into structured, editable data, showing job-level profit margins, generating supplier and labor material orders, and exporting estimates directly into Xactimate accounts.
AI & Machine LearningConstruction TechInsurTech
Co-investorsFINTOP Capital
Chippin makes dog food and treats using directly sourced, nutrient-rich novel protein ingredients formulated to reduce environmental impact.
ConsumerDirect to ConsumerFoodTech
Haley Russell(CEO & Founder)
Co-investors37 AngelsDorm RoomHalogen Ventures Management Company LlcRobin Hood VenturesFabric VC
Esusu is an economic mobility platform that helps working families build credit and strengthen financial stability through rent payment reporting.
EnergyFintechImpact & Social GoodPropTechNew York, US
Robert C. Henning(Executive Officer)in
BoardSamir Goel(Founder)inWemimo Abbey(Founder)in
Co-investorsAcumen AmericaImpact America FundMotley Fool VenturesNext Play VenturesOpen Opportunity FundPredictive VC+10 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-investorsCoatue ManagementDawn CapitalEurazeoForestay CapitalHeadlineHeadline Growth Management, LLC+4 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)inGlen Takahashi(Founder)in
Co-investors137 VenturesAmplify PartnersAndreessen HorowitzDash VCLorimer VenturesNext Legacy Partners+11 more
Lucky Sweater is a community-driven marketplace for buying, selling, and trading clothing among members who prioritize keeping items in circulation rather than discarding them.
Circular EconomyE-commerceMarketplacesSocial
Co-investorsKeiki CapitalWhite Star Capital
Mercury is an investor database listing venture capital investors and their sector focus areas.
Data & InfrastructureEnterprise SoftwareFintechSaaSSector AgnosticSan Francisco, US
Immad Akhund(Founder & CEO)inJason Zhang(Co-Founder and Chief Operating Officer)inMax Tagher(Co-Founder and Chief Technology Officer)in
BoardTom Brown(Director)Saar Gur(Director)inSonya Huang(Director)in
Co-investors500 GlobalAndreessen HorowitzAngel Collective Opportunity FundBetter Tomorrow VenturesBuilders + BackersChapter One+41 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-investors640 OxfordAnorak VenturesOperator CollectiveThe CouncilY Combinator8090 Industries+10 more
Orbiit provides a platform for community organizations to identify and facilitate connections between members, from initial introductions through scheduling and feedback collection.
AI & Machine LearningSaaSNew York, US
Bilyana Freye(Executive Officer, Director)inLuuk Derksen(Executive Officer, Director)in
BoardMary Grove(Director)in
Co-investorsBread And Butter Ventures, LlcHigh AlphaHoughton Street VenturesLAUNCHub VenturesCompany 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)inPete Belknap(Co-founder & CTO)inSam Faillace(VP of Marketing)inHourann Bosci(Founding Engineer)in
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.
ConsumerEdTechMiami, US
Ryan Delk(Co-Founder and CEO)in
Co-investorsCubit CapitalDesigner FundEarl Grey CapitalElevate VenturesExpaHyperguap+12 more
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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)in
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 CombinatorEra Funds+7 more
Sapiom provides an execution engine and access network that lets AI agents use external capabilities — such as authentication, LLM inference, web search, voice, image and video generation, compute, databases, and messaging — through a single API key, with metered pay-per-use billing.
AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US
Ilan Zerbib(Founder)in
Co-investorsAccelAngel InvestFormus CapitalGradient VenturesOperator CollectiveAccel-KKR+7 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)inEunjoon (EJ) Cho(Founder)inHonglei Liu(Founder)in
Co-investorsEudemian VenturesHubSpot VenturesIndex VenturesSlow VenturesStage 2 CapitalTau Ventures+4 more
Portfolio news
latest coverage across their companiesSapiom · thesaasnews.com · Aug 6, 2026
Mercury · thesaasnews.com · Jul 8, 2026
Nox Metals · noxmetals.co · Jun 14, 2026
Fonoa · eu-startups.com · May 29, 2026
Santé · finsmes.com · Feb 12, 2026
Esusu · finsmes.com · Dec 16, 2025
Archy · finsmes.com · Oct 31, 2025
Ashby · ashbyhq.com · Jul 22, 2025
Frequently asked questions
- How many investments has Trail Run Capital made?
- Trail Run Capital has 20 tracked investments, including 1 dated in the last 24 months.
- 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 118 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.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.
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 an early-stage venture capital firm that leads pre-seed and seed rounds globally and across sectors, backed by a network of prominent tech founders and operators who serve as LPs.
Array Ventures is a pre-seed and early-stage venture capital firm that invests in founders building enterprise software and AI companies, offering hands-on support such as helping with business development and reaching a second wave of customers.
OMERS Ventures is a venture capital firm that invests in founders globally, with investment teams based in New York, Palo Alto, and Toronto.
AV8 Ventures is an early-stage venture capital firm that backs startups across healthcare, enterprise, financial services and deep-tech, aiming to help founders build category-defining companies.
Okta Ventures is the corporate venture arm of Okta, investing in and supporting startups building technologies enabled by identity, security, and privacy.
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.
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.
▶9 more co-investors
Stride VCBuckley Ventures Management Company LlcDCM VenturesKearny JacksonAthletico VenturesForum VenturesEssence Venture CapitalQuest 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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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.
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.
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B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.