Twelve Below
Venture capitalActively deployingNew York · Pre-Seed–Seed · 2 people tracked
Also known as TWELVE BELOW LLC · Twelve Below Twilight
Investment thesis
Twelve Below aims to be a founder's first true partner, earning the right to lead pre-seed and seed rounds. The firm backs highly ambitious teams early, writing $1M to $3M checks before broader market conviction forms. It emphasizes hands-on, high-touch support, combining seasoned operational insight with founder empathy to help companies navigate pivots, pricing, hiring, and other strategic challenges, positioning itself as a founder's first call.
Source: firm website, verified Aug 25, 2026.
Team · 2 people
from the firm's website
What they invest in
from 37 of 40 portfolio companiesAI & Machine Learning ×17SaaS ×17Fintech ×9Enterprise Software ×7Healthtech ×7Digital Health ×6Cleantech ×4Climate Tech ×3
HQs:United States×15Mexico×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×62 founders×23 founders×2
Where their founders studiedfrom 10 founders with education data
Stanford University Graduate School of Business ×2
Investments · 40 tracked
founders shown can be your intro pathBy year:2026 · 72025 · 42024 · 12023 · 113 dated
Breadboard works to reduce supply chain friction for companies that build and fulfill demand for electronic devices.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareHardwareLogistics & Supply ChainSaaSNew York, US
Zachary Feuerstein(Executive Officer, Director, Promoter)Georgy Balayan(Executive Officer, Director, Promoter)
Board seatByron Ling· per SEC Form D · $4M raise · filed Jun 2023
Architect Financial Technologies builds proprietary trading technology supporting its affiliated brokerage entities, including a futures and options introducing broker and a registered broker-dealer for securities trading.
Crypto & Web3Fintech
Co-investorsTioga Capital PartnersCoinbase VenturesGalaxy VenturesStrobe VenturesThird Kind Venture CapitalTq Ventures Llc+1 more
Arya Health provides AI-powered digital agents that automate administrative and workforce management tasks for healthcare operators, including onboarding, scheduling, payroll, compliance, and performance management.
AI & Machine LearningHealthtechHR Tech
Co-investorsACME Capitalf7 VenturesFour Acres CapitalOceans VenturesRed & Blue Ventures
Aston provides power capacity for data centers, delivering generation, transmission, storage, and orchestration software as an integrated stack at gigawatt scale.
CleantechCloud ComputingEnergy
Co-investorsUnlock Venture Partners
Barnwell Bio runs a biosurveillance platform that analyzes environmental samples such as waste streams to detect pathogen trends and provide animal health data.
AgTechAI & Machine LearningBiotechDeep TechFoodTechNew York, US
Casey McGinley(Executive Officer, Director)inMichael Rhys(Executive Officer, Director)inJake Byrnes(Executive Officer)in
Co-investorsAg Ventures AllianceAgLaunch AcceleratorDorm RoomMax Ventures
Accrue provides an embeddable stored-value wallet that businesses can integrate to increase customer lifetime value, capture more customer data, and improve margins.
FintechSaaS
Co-investorsAglae VenturesCentre Street PartnersGround Up Ventures
Caladan Bio develops high-throughput benchtop bioreactor hardware and software for laboratory bioprocessing, enabling faster experimentation and lower costs for biotech R&D teams.
AI & Machine LearningBiotechHardwareNew York, US
Michael Kobida(Founder)inRob Jauquet(Founder)inMichael J. Kobida(Executive Officer, Director)Robert Jauquet(Executive Officer, Director)
Co-investorsCollaborative FundLerer HippeauRitual CapitalWireframe VenturesFactorial Capital
Conduit automates freight handoff and transfers through digital tools, addressing the analog processes that occur when freight changes hands between logistics operators.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Conrad Lilleness(Founder)in
Co-investorsY CombinatorDrive CapitalEniac VenturesHaun VenturesInnovation EndeavorsParadigm
Conduit provides an AI agent platform for the hospitality industry that automates guest interactions across multiple channels, handles bookings and upsells, manages internal operations, and delivers leadership insights integrated with existing systems.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Cole Rubin(Founder)inPunn Kam(Founder)in
Co-investorsPi LabsY CombinatorDrive CapitalEniac VenturesHaun VenturesInnovation Endeavors+1 more
Conduit provides infrastructure for global financial transactions, serving clients who need fast and reliable payment processing across different markets and regulatory environments.
Enterprise SoftwareFintechSaaS
Matt Zisow(Founder)Kirill Gertman(Founder)in
Co-investorsCore Venture CapitalGradient VenturesInovia CapitalCoinbase VenturesDrive CapitalEniac Ventures+5 more
Conduit provides enterprise-grade blockchain infrastructure for production use cases, including rollups, Layer 1 chains, RPC nodes, and professional deployment services.
Crypto & Web3Enterprise SoftwareFintech
Co-investorsCoinbase VenturesHaun VenturesLiam HorneParadigmScott SunartoDrive Capital+3 more
Conduit develops non-invasive brain-computer interface technology, building a thought-to-text system where a headset completes a user's sentences from their thoughts.
AI & Machine LearningDeep TechHardwareSan Francisco, US
Clem von Stengel(Founder)in
Co-investorsTranspose Platform ManagementWonder VenturesBankless VenturesCoinbase VenturesCredibly NeutralDragonfly+7 more
Conduit Health delivers essential medical supplies to patients through insurance-covered monthly deliveries, connecting them with licensed clinicians who handle the required prescriptions and paperwork.
Digital HealthHealthtechMedical Devices
Natan Wise(Founder)in
Co-investorsEniac VenturesEquitage Ventures, L.L.C.
Coral provides software that lets HVAC and home electrification contractors turn utility and government rebates into instant upfront discounts, handling eligibility validation, rebate filing, and follow-ups.
CleantechClimate TechFintech
Co-investorsEntrepreneurs Roundtable Accelerator (ERA)Floating PointNew Climate VenturesResilienceVCWorkshop Venture PartnersHaymaker Ventures+2 more
Coral is a sexual wellness app offering guidance and educational content to help people improve intimacy, desire, and their sex lives, developed with input from sex therapists, educators, and researchers.
ConsumerDigital HealthMental HealthWellness & Fitness
Isharna(Founder)
Co-investorsAlpha EdisonAlleyCorpBlackhorn VenturesFloating PointHaymaker VenturesLightspeed Venture Partners+6 more
Dispatch is a data orchestration platform that connects wealth technology software by automating client data collection and synchronization across advisory firm tech stacks.
Data & InfrastructureEnterprise SoftwareFintechSaaS
Rob Nance(Co-founder, CEO)inMadalyn Armijo(Co-founder, COO)inRafi Lurie(Co-founder, CPO)in
Co-investorsBrewer Lane VenturesF-Prime CapitalFikaFlyover CapitalMassMutual VenturesNew York Life Ventures+3 more
Draftboard maps a user's professional network and identifies warm introduction paths to target prospects, scoring each path with a rationale for why the connection is strong.
AI & Machine LearningSaaSSales Tech
Co-investorsCentre Street PartnersGround Up Ventures
Forte offers live, one-on-one online music lessons matching students with private teachers across 41 instruments, using a purpose-built platform with high-resolution audio and learning-focused features.
EdTechMarketplacesMedia & Entertainment
Co-investorsBling Capital
Fort Health provides online mental health therapy for children and adolescents, working with pediatricians and families.
Digital HealthHealthtechMental Health
Co-investorsTrue Wealth Ventures
Goodwin builds a white-labeled software platform for private jet charter brokers and operators, offering tools for aircraft sourcing, proposal creation, checkout/payments, and AI-driven pricing signals.
AI & Machine LearningSaaSTravel & Hospitality
Co-investorsCanaan Partners
Health Universe is an enterprise health AI platform that aggregates patients' full clinical records via national networks (TEFCA, SMART on FHIR, QHIN) and lets clinical teams configure AI agents to generate summaries, templated assessments, and other structured outputs with human-in-the-loop review.
AI & Machine LearningDigital HealthHealthtech
Co-investorsKleiner PerkinsOncology Ventures
Indie is a front desk platform for musculoskeletal (MSK) practices that unifies VoIP calling, messaging, faxes, voice agents, and patient intake in one system integrated with the practice's EMR/EHR.
Digital HealthHealthtechSaaS
Co-investorsExpansion Venture CapitalFour Acres Capital
Mento provides 1:1 executive coaching and mentorship paired with AI acceleration, matching leaders with experienced coaches who have held similar roles at top companies to drive faster skill development and business outcomes.
AI & Machine LearningFuture of WorkHR TechLos Angeles, US
Jamie Albers(Founder)inAlex Marcus(Founder)in
Co-investorsNextGen Venture PartnersZag Capital
Odyssey unlocks capital for the distributed energy sector in growth markets, enabling clean energy projects to be developed and financed faster.
CleantechClimate TechEnergyFintech
Co-investorsAbstract VenturesBroadscaleEqual VenturesEquatorUnion Square Ventures (USV)AMD Ventures
Pet's Table is a direct-to-consumer pet food delivery service in Mexico that provides fresh, natural dog food tailored to individual pets' nutritional needs.
ConsumerDirect to ConsumerFoodTech
Co-investors640 OxfordLeft Lane CapitalRed Sea Ventures
Relay Commerce provides software solutions for e-commerce merchants to help them scale and manage their operations.
E-commerceRetail TechSaaSAtlanta, US
Ricardo Hinds(Executive Officer, Director)
BoardCassie Lancellotti-Young(Director)in
Co-investorsAlleyCorpPrimary Venture PartnersAlley Robotics Ventures
Rondah AI provides an AI front desk solution for dental service organizations (DSOs) and practices, automating patient conversion and scheduling operations.
AI & Machine LearningDigital HealthHealthtechSaaSDover, US
Allan Svirsky(Founder)in
Co-investors2048 VenturesTechstars
ShareWillow is a software platform for designing, launching, and managing employee incentive and profit-sharing plans, aimed primarily at small businesses.
Future of WorkHR TechSaaSNew York, US
Ryan Shank(Founder)Taylor Greene(Director)
Co-investorsExpaHabitat Partners
Solstice connects households and businesses to local solar farms through a software platform that qualifies subscribers based on energy needs rather than credit scores, enabling bill savings through solar credits.
CleantechClimate TechEnergySaaSBoston, US
Sandhya Murali(Co-founder)Steph Speirs(Co-founder)
Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactDorm RoomSE VenturesTechstarsTrue Wealth VenturesFord Street Ventures+3 more
Solstice Health offers an AI-driven platform for pharmaceutical brand marketing, generating personalized, compliant campaign assets from approved brand libraries and pushing them through regulatory review via integrations such as Veeva.
AI & Machine LearningHealthtechMarketing Tech
Co-investorsVirtue Ventures
Truehold Financial provides financing for real estate investors, including long-term loans for rental properties qualified on property cash flow and short-term loans covering purchase and renovation costs.
FintechPropTechSt. Louis, US
Azat Tulegenov(Founder)inConnie Adams(CEO)
Co-investors25MadisonBAM VenturesClocktower VenturesGreat Wave VenturesHabitat PartnersLaunchpad Capital+3 more
Turbo is a 2D game engine and gaming backend for building low-res, sprite-based games, featuring a live coding environment, built-in multiplayer with servers and leaderboards, and small web-ready builds.
Cloud ComputingDeveloper ToolsGaming
Co-investorsAdvancit CapitalBridgex VenturesRevo CapitalTreeo VC
Voiceops is an AI platform that analyzes customer conversations across calls, email, SMS, and chat to generate structured business intelligence.
AI & Machine LearningEnterprise SoftwareSaaSSales TechNew York City, US
Ethan Barhydt(Founder/CEO)in
Co-investorsBonfire VenturesFour Acres CapitalY CombinatorKearny JacksonLowercase CapitalMana Ventures+3 more
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Portfolio news
latest coverage across their companiesIndie · newgamenetwork.com · Aug 19, 2026
Turbo · manilatimes.net · Aug 12, 2026
Health Universe · mobihealthnews.com · Aug 6, 2026
Coral · thesaasnews.com · Jul 27, 2026
Coral · thesaasnews.com · Jul 27, 2026
Odyssey · citybiz.co · Jun 29, 2026
Solstice · intelligence360.news · Jun 24, 2026
Architect · ascendants.in · Jun 20, 2026
Frequently asked questions
- How many investments has Twelve Below made?
- Twelve Below has 32 tracked investments, including 4 dated in the last 24 months.
- What stage does Twelve Below invest at?
- Twelve Below invests at the Pre-Seed, Seed stages.
- What is Twelve Below's typical check size?
- Twelve Below typically writes checks of $1M – $3M.
- What sectors does Twelve Below focus on?
- Twelve Below focuses on Sector Agnostic.
- Where is Twelve Below located?
- Twelve Below is headquartered in New York, US.
- Does Twelve Below lead rounds?
- Yes, Twelve Below leads investment rounds.
- Who does Twelve Below co-invest with?
- Twelve Below most often shares deals with Four Acres Capital, Centre Street Partners, Ground Up Ventures, among 62 tracked co-investors.
Co-investors · 32
Ground Up Ventures is an early-stage venture capital firm that backs founders from day one, providing hands-on support with hiring, customer introductions, and network access.
Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.
Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.
ACME Capital is a venture firm that backs deep-tech founders combining technical ambition with decisive execution, supporting companies through every phase of growth.
Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.
Village Global is a venture capital firm that invests in early-stage founders and connects them with a network of experienced operators, angels, and prominent tech LPs.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
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.
Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.
Benchmark is a venture capital firm with offices in San Francisco and Woodside that invests in early-stage startups.
BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.
Sound Ventures is a venture capital firm that seeks to invest in the technology sector.
▶20 more co-investors
Tiger Global ManagementForerunner VenturesMadrona Venture GroupStellar CapitalCrosslink CapitalOperator LPBetaworks Ventures Management, LlcFootworkAIX VenturesComcast VenturesShaan All AccessRocketship.vcK9 VenturesNotation CapitalProject A VenturesAstanor Ventures10x GenomicsANIMO VenturesFootPrint CoalitionAirAngels
Firms observed investing alongside Twelve Below, from public investor directories. Shared companies are the overlap with Twelve Below's recorded portfolio.
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