Twelve Below
Venture capitalActively deployingNew York · Pre-Seed–Seed · 4 people tracked
Also known as TWELVE BELOW LLC · Twelve Below Twilight
Find your way into Twelve Below
944 people in our graph share verified history with the Twelve Below team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 4 people
from the firm's website & curated & public directories
What they invest in
from 54 of 61 portfolio companiesSaaS ×26AI & Machine Learning ×25Fintech ×17Enterprise Software ×15Healthtech ×11Digital Health ×10Deep Tech ×6Cleantech ×5
HQs:United States×22United Kingdom×1India×1Mexico×1Singapore×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×82 founders×93 founders×2
Where their founders studiedfrom 25 founders with education data
Stanford University Graduate School of Business ×4New York University ×2Northeastern University ×2University of Wisconsin-Madison ×2
What their founders studiedfrom 24 founders with field-of-study data
Business & Management ×7Finance & Accounting ×6Computer Science ×4Economics ×2Engineering ×2Humanities ×2Politics & Policy ×2
Where their founders worked beforefrom 25 founders with career history
Chartbeat ×2Inn-Flow ×2
Accelerator rootsportfolio companies that came through a program
1 founders hold a PhD · 5 hold an MBA (of 25 with degree data)
Investments · 61 tracked
founders shown can be your intro pathBy year:2026 · 92025 · 62024 · 42023 · 22022 · 32021 · 62014 · 131 dated
Conduit Health operates a platform that lets patients and caregivers order home medical supplies and services covered by Medicaid and Medicare, handling prescriptions, insurance approvals, shipment, and monthly resupply.
AI & Machine LearningDigital HealthDirect to ConsumerHealthtechMedical DevicesNew York, US
Natan Wise(Co-founder)inRocky Seftel(Co-founder)inRobert Seftel(Executive Officer, Director)
BoardMolly Bonakdarpour(Director)in
Co-investorsEniac VenturesDrive CapitalEquitage Ventures, L.L.C.
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
Accrue provides digital lending, account opening, and treasury onboarding solutions built on the Salesforce platform for financial institutions.
Enterprise SoftwareFintechSaaS
Co-investorsFINTOP CapitalPatriot Financial PartnersGood FriendsGround Up VenturesKraynos CapitalMaple VC+3 more
Accrue is a cross-border money app for sending and receiving money across Africa and the US, opening US bank accounts, making online payments via a virtual dollar card, saving, and investing.
ConsumerFintech
Clinton Mbah(Founder & CEO)
Co-investorsHoaQLattice CapitalMaven 11Good FriendsGround Up VenturesKraynos Capital+4 more
Accrue is a fintech company providing a branded stored-value wallet platform that lets brands manage payments and refunds, reward customer loyalty, and reduce reliance on traditional payment processors.
E-commerceFintechMarketing TechSaaS
Co-investorsBoxGroupFour Acres CapitalGood FriendsHabitat PartnersMaple VCGround Up Ventures+3 more
Architect Financial Technologies develops proprietary software and trading platforms for futures, options, and 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 operates an integrated power service delivering utility-grade capacity through modular generation, transmission, storage, and real-time control systems.
CleantechCloud ComputingDeep TechEnergyHardwareIoT
Co-investorsJLL Spark Global VenturesHPS Investment Partners, LLC
Aston Labs operates an integrated power capacity service combining on-site thermal generation, transmission infrastructure, renewable and gas generation, energy storage, and real-time controls software to deliver reliable electricity to large industrial customers without utility interconnection delays.
CleantechCloud ComputingDeep TechEnergyEnterprise Software
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 is a fintech company that enables brands to manage customer loyalty and payments through a stored value wallet solution, allowing them to control payments and refunds while rewarding customer behavior.
Enterprise SoftwareFintechSaaS
Co-investorsAglae VenturesCentre Street PartnersGround Up Ventures
Caladan provides financial services or investment management, with a team drawn from finance, real estate, and creative backgrounds.
Crypto & Web3FintechSector AgnosticSingapore, SG
John GuNigel YoungEva WenginRemi ColinmaireinStephany Zooin
Co-investorsAlphaLab CapitalCollaborative FundLerer HippeauWireframe 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)in
Co-investorsCollaborative FundLerer HippeauRitual CapitalWireframe VenturesFactorial Capital
Celéri builds real-world evidence infrastructure that connects point-of-care outcomes, commercial registries, and regulatory-grade data for medtech and pharma sponsors, interventional pain physicians, and payers.
Digital HealthHealthtechMedical Devices
Co-investorsIaso Ventures
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 builds non-invasive brain-to-computer interface technology, including 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)inRio Popper(Founder)in
Co-investorsTranspose Platform ManagementWonder VenturesBankless VenturesCoinbase VenturesCredibly NeutralDragonfly+7 more
Coral is an AI-driven automation platform that handles patient intake for healthcare operations, consolidating faxes, emails, and documents into a single queue and automating steps from referral through document extraction, eligibility verification, qualification, and EHR sync.
AI & Machine LearningHealthtechSaaS
Co-investorsZ47AlleyCorpBlackhorn VenturesFloating PointHaymaker VenturesLightspeed Venture Partners+6 more
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 PartnersZ47+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 is an AI agent that identifies the best connections in a user's network to facilitate warm introductions to sales prospects, investors, founders, and job candidates.
AI & Machine LearningSaaSSales Tech
Co-investorsCentre Street PartnersGround Up Ventures
EdotEnv is a quant research lab building reinforcement-learning environments at scale from financial market data, designed to increase in difficulty so AI agents can continuously improve.
AI & Machine LearningDeep TechEnterprise SoftwareFintechSan Francisco, US
Rui Wang(Founder)inMichael Zhang(Founder)in
Co-investorsTranspose Platform ManagementVela PartnersY Combinator
Forte is an online music education platform that connects students with professional music teachers across time zones for live, one-on-one lessons.
EdTechMarketplacesMedia & Entertainment
Mark Murtaugh(Co-founder & CEO)Hunter McGranahan(Co-founder and CPO)in
Co-investorsBling Capital
Fort Health is a pediatric mental health platform built in partnership with the Child Mind Institute, focused on addressing mental health disparities among Black and Hispanic youth.
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
No-code application-building platform (formerly Archetype) that lets business users create internal tools from process and policy.
Media, US
Dan Lievens(Executive Officer, Director, Promoter)Erin Lievens(Executive Officer, Director, Promoter)
Co-investorsVoLo Earth VenturesMorado Ventures
Health Universe transforms fragmented patient records into structured, AI-ready data with built-in governance and clinical validation, enabling healthcare organizations to deploy agents that automate high-priority workflows like visit preparation and denial appeals.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtech
Dan Caron(Founder and CEO)inDoug Fridsma(Chief Medical & Science Officer)inJim Muir(Chief Technology Officer)inSuzy Bureau(Chief Product Officer)inRoss Cantor(Chief Commercial Officer)inDoug Cassidy(Senior Leader)in
Co-investorsKleiner PerkinsOncology Ventures
Indie Health provides administrative infrastructure and support tools for independent medical practices, aiming to reduce administrative costs so providers can focus on patient care.
Digital HealthHealthtechSaaSNew York, US
Eddie Czech(Co-Founder / CEO)inEric deRegt(Co-Founder / CTO)in
Co-investorsExpansion Venture CapitalFour Acres Capital
Jar is an Indian fintech app that helps users save money by investing in digital gold, positioning itself as a simplified savings tool for everyday consumers.
ConsumerFintechSaaS
Misbah Ashraf(Founder)in
Co-investorsAdvantedge FoundersArkam VenturesCapria VenturesEmphasis VenturesEximius VenturesKalaari Capital+17 more
Lemma provides a consolidated banking and treasury platform for healthcare practices, including solo practices and multi-entity groups (MSO-PC and DSO-PC).
FintechHealthtechSaaS
Co-investorsAdapt VenturesMatrixY Combinator
Inn-Flow provides procurement automation software for hospitality businesses to manage vendors, reduce procurement time, and lower order costs.
Enterprise SoftwareFintechFoodTechSaaS
Nadine ElAshkar(Co-Founder & CEO)inJavier Araya(Co-Founder & COO)inPablo Correa(CTO)in
Mantra Health provides mental health and wellness services for students, partnering with higher education institutions to offer clinical care, crisis management, and wellness programs.
Digital HealthEdTechHealthtechMental HealthNew York, US
Edouard Gaussen(Executive Officer, Director)Ed Gaussen(Cofounder)Matthew Kennedy(Executive Officer)
Co-investorsBaleon CapitalCity LightHOF CapitalNew Markets Venture Partners
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
Nome offers genetic medicine development as a service, helping rare disease families, foundations, and health systems access and develop personalized n-of-1 genetic therapies.
AI & Machine LearningBiotechDigital Health
Stevie Ringel(Founder)
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
Dispatch is a data orchestration platform for the wealth advisory ecosystem that automatically syncs client data across disparate software tools and integrations.
AI & Machine LearningData & InfrastructureFintechSaaSMiami, US
Robert Nance(Executive Officer, Director, Promoter)Madalyn Armijo(Director, Promoter)
BoardChris Downer(Director)inDavid Jegen(Director)inRafi Lurie(Director)
Co-investorsExpaBrewer Lane VenturesCoFound Partners VentureF-Prime CapitalFika VenturesRitholtz Wealth Management
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
.png)
Phaselaw is a software platform that automates the processing of public records requests, freedom of information requests, and data subject access requests for government agencies and public sector organizations.
AI & Machine LearningData & InfrastructureEnterprise SoftwareGovTechLegalTechSaaS
Josh Schwartz(CEO)inDavid van Dokkum(CTO)in
Phaselaw is document review and redaction software that ingests large document sets, deduplicates and organizes files, and produces review-ready PDFs with search and redaction tools.
AI & Machine LearningLegalTechSaaS
Josh Schwartz(Founder)in
The Proxy Company builds Proxy, a personal AI intelligence layer for macOS and iPhone that runs multiple AI agents, models a user's world through a "Life Map" graph, and connects to external tools and services.
AI & Machine LearningConsumerDeveloper ToolsBrooklyn, US
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)in
BoardCassie Lancellotti-Young(Director)in
Co-investorsAlleyCorpPrimary Venture PartnersAlley Robotics Ventures
Remark provides AI-powered customer support and shopping assistance for e-commerce businesses, using AI personas to answer shopper questions and resolve support tickets while routing complex cases to human agents.
AI & Machine LearningE-commerceRetail TechSaaS
Theo Satloff(Co-founder & CEO)inCarl-Philip Majgaard(Co-founder & Tech Lead)Ian Patterson(Co-founder & Sales)in
Co-investorsInspired CapitalShine CapitalSpero VenturesStripeSugar CapitalVisible 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)inTaylor Greene(Director)in
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 & CEO)inSteph Speirs(Co-founder)in
Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactDorm RoomSE VenturesTechstarsTrue Wealth VenturesFord Street Ventures+3 more
Solstice is a health-focused company working on improving medicine, positioning itself around solving difficult problems in the space.
AI & Machine LearningDigital HealthHealthtechMarketing Tech
Co-investorsVirtue Ventures
Table22 is a platform that helps independent restaurants, food producers, and beverage retailers grow revenue through subscription and direct-to-consumer tools.
B2B MarketplacesE-commerceFoodTechLogistics & Supply ChainSaaS
Sam Bernstein(Founder)in
Co-investorsFootworkForerunner VenturesLightspeed Venture PartnersAlmanac InsightsAvenir Growth CapitalMetaProp+5 more
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)in
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 CapitalRiverPark VenturesY CombinatorFlare Capital PartnersKearny Jackson+5 more
Page automates government intelligence gathering for government relations and legal consulting firms by monitoring legislative proceedings, consultations, and regulatory filings across 80+ jurisdictions and delivering client-specific briefings and transcripts.
AI & Machine LearningEnterprise SoftwareGovTechLegalTechSaaS
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ArchetypeArya HealthForethoughtMycarmacarePageParabolicauto
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 companiesCoral · www2.fundsforngos.org · Sep 10, 2026
Indie Health · newgamenetwork.com · Aug 19, 2026
Jar · m.dailyhunt.in · Aug 18, 2026
Aston · thestreet.com · Aug 17, 2026
Lemma · finsmes.com · Aug 17, 2026
EdotEnv · ycombinator.com · Aug 13, 2026
Turbo · manilatimes.net · Aug 12, 2026
Health Universe · mobihealthnews.com · Aug 6, 2026
Frequently asked questions
- How many investments has Twelve Below made?
- Twelve Below has 61 tracked investments, including 16 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 68 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.
Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.
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.
ACME Capital is a venture firm that backs deep-tech founders combining technical ambition with decisive execution, supporting companies through every phase of growth.
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.
BoxGroup is an early-stage venture capital firm that invests in startups at their earliest stages.
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.
Forerunner Ventures is a venture capital firm that backs companies redefining consumer behavior, health, commerce, fintech, and AI-native products.
Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.
Footwork is a San Francisco-based venture firm that leads and co-leads Seed and Series A rounds in companies showing early product-market fit, focusing on consumer technology and the consumerization of enterprise technology.
Rocketship.vc is a data-driven venture capital firm that uses data science and a large database of startup activity to identify and invest in promising companies globally.
K9 Ventures is a technology-focused pre-seed fund based in Palo Alto, California, aiming to be the first institutional capital in the companies it backs.
▶20 more co-investors
Founders FundAlumni VenturesFounder CollectiveBenchmarkSound VenturesMadrona Venture GroupStellar CapitalCrosslink CapitalOperator LPBetaworks Ventures Management, LlcAIX VenturesComcast VenturesShaan All AccessNotation 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.
Similar investors
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.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Balderton Capital is a European venture capital firm that backs technology startups.
CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.
Cherubic Ventures is known for investing before a startup even launches or reaches product-market fit, often as the first institutional investor, while also setting aside half of its latest fund for follow-on support all the way through pre-IPO; it was also one of the first venture firms to operate as a solo general partner and has grown into one of the largest funds run that way. Founded by Matt Cheng, who previously built two companies that each reached over $1 billion in public market value, the firm was designed from the start to invest across both the U.S. and Asia, backing early breakout companies in places like Croatia, Bangladesh, Japan, and Taiwan in addition to the U.S., with its Taipei roots still central to its identity alongside its Silicon Valley presence.