Fundraising Fox

Zag Capital

Fund of funds

Seed Β· 1 people tracked

✨ Fox Verdict
Sign up to see your fit

Investment thesis

Zag Capital focuses on backing strong people across a range of alternative asset classes rather than a single strategy. Its scope spans direct startup investments, commitments to venture capital funds, private equity, real estate, and private debt. The firm frames its approach around contrarian positioning, summarized by its tagline 'When they zig, we zag,' suggesting a willingness to invest differently from the crowd.

Invests inSector Agnostic

Source: firm website, verified Aug 3, 2026.

Stage
Seed
Instruments
Equity Β· Debt
Last 12 months
1 investment
Tracked investments
28

Team Β· 1 people

from the firm's website
Dan Shotenin

What they invest in

from 23 of 28 portfolio companies

AI & Machine Learning Γ—10Enterprise Software Γ—6Developer Tools Γ—5Fintech Γ—4SaaS Γ—4Cybersecurity Γ—3Hardware Γ—3Healthtech Γ—3

HQs:United StatesΓ—18CanadaΓ—1

Who they back

founder profiles across 19 portfolio companies
42%
solo founders
8 of 19 mapped founding teams
80%
repeat founders
of 20 founders with career history

Founding team size:solo founderΓ—82 foundersΓ—63 foundersΓ—44+ foundersΓ—1

Where their founders studiedfrom 18 founders with education data

Harvard Business School Γ—2Washington University in St. Louis Γ—2

Where their founders worked beforefrom 20 founders with career history

Knox Payments Γ—3Facebook Γ—2General Assembly Γ—2McKinsey & Company Γ—2Perella Weinberg Γ—2

Accelerator rootsportfolio companies that came through a program

Y Combinator Γ—5Techstars Γ—2

Investments Β· 28 tracked

founders shown can be your intro path

By year:2026 Β· 12025 Β· 12022 Β· 13 dated

Teamsharesteamshares.comin𝕏NASDAQ: TMS

Teamshares acquires small businesses from retiring owners and facilitates employee stock ownership, creating a permanent home for businesses while providing retiring owners with a reliable exit and employees with ownership opportunities.

B2B MarketplacesBrooklyn, US

Michael Brown(Founder & CEO)Kevin Shiiba(Executive Officer, Director)Alex Eu(Executive Officer, Director)inKevin Rikio Shiiba(Founder)in

Co-investorsCollaborative FundContraryEvolution VenturesInspired CapitalPROOFSlow Ventures+2 more

Akido Labsakidolabs.cominMar 2025

Akido Labs develops an AI operating system designed for healthcare that leverages machine learning to enable personalized medical diagnostics and care coordination at scale.

AI & Machine LearningDigital HealthHealthtechInsurTechLos Angeles, US

Jared Goodner(Founder)Prashant Samant(Founder)

BoardAndrew Adams(Director)inJohn Greco(Director)Prasad Jeereddi(Director)Rohit Gupta(Director)

Co-investorsDCVC (Data Collective)Early Light VenturesGreat Oaks Venture CapitalHealthy VenturesNecessary VenturesOak HC/FT+2 more

Alloyalloy.comin𝕏

Alloy provides an identity and fraud prevention platform for financial institutions and fintechs to manage fraud, credit, and compliance risk through real-time data orchestration and AI algorithms integrated with over 200 intelligence sources.

AI & Machine LearningCybersecurityFintech

Tommy Nicholas(CEO)inLaura Spiekerman(President)inCharles Hearn(CTO)in

Co-investorsAlpha EdisonAvenir Growth CapitalAvid VenturesBessemer Venture PartnersEniac VenturesFelicis Ventures+5 more

Allstacksallstacks.comin𝕏

Allstacks is an AI-agent platform that connects data from software development tools (Jira, GitHub, GitLab, Jenkins) to provide engineering teams and leaders with delivery metrics, risk alerts, and recommendations for planning, managing, and optimizing software creation.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareRaleigh, US

Jeremy Freeman(Founder)Hersh A. Tapadia(Executive Officer, Director)Hersh Tapadia(Founder)inDarrell J. Freeman, Jr.(Executive Officer, Director)Scot Sherwood(Director)

BoardAndrew Drylie(Director)in

Co-investorsAtlassian VenturesCompanyon VenturesCreativeCoFirst Rays Venture PartnersGutbrain VenturesHyperplane Venture Capital+7 more

Applied Carbonappliedcarbon.comin

Applied Carbon develops technologies to regenerate soil and sequester atmospheric carbon for climate change mitigation and soil health improvement.

AgTechCleantechClimate Tech

Jason Aramburu(CEO + Co-Founder)inMorgan M. Williams(COO + Co-Founder)in

Co-investorsAutodesk FoundationCongruent VenturesS2G InvestmentsTO VCWireframe VenturesOverture Climate+1 more

Audigo Labsaudigolabs.comin𝕏

Audigo makes wireless smart microphones and a companion mobile app (iOS and Android) that let musicians and social media creators record multitrack audio and video with synced multi-mic capture and in-app mixing.

ConsumerCreator EconomyHardwareMedia & EntertainmentSan Francisco, US

Armen Nazarian(Founder)

Co-investorsFormula VCTechstars

Axiom Trustaxiom-trust.com

Co-investorsPrimetime Partners

Bartibarti.comin

Barti is an AI-powered EHR and practice management platform for eye care practices, combining exam documentation, billing, scheduling, and patient texting in a single cloud-based system.

AI & Machine LearningHealthtechSaaS

Co-investorsVertical Venture PartnersFive Elms Capital

Bartib
Bird
Brew
BrewBirdbrewbird.com𝕏May 2026

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

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

Chipper Cashchippercash.comin𝕏

Chipper Cash provides a mobile platform that enables Africans to send money internationally to bank and mobile money accounts across 21+ African countries, plus payment cards and fractional stock investing.

Fintech

Ham Serunjogi(Founder & CEO)inMaijid MoujaledMarc Gottschalk

Co-investors137 Ventures500 GlobalBetter Tomorrow VenturesDebut CapitalDeciensEthos VC+11 more

Endearendearhq.comin𝕏

Endear is a retail CRM that centralizes customer, order, and product data to help stores personalize outreach and track omnichannel sales.

AI & Machine LearningMarketing TechRetail TechSaaSSales Tech

Jinesh Shah(Co-founder)inLeigh Sevin(Co-founder)

Co-investors11.2 CapitalHabitat PartnersReformation PartnersXRCChannel Equity PartnersRevTech Ventures

Env0env0.comin𝕏

env0 is an infrastructure-as-code (IaC) platform that standardizes deployment workflows across teams and departments, enabling consistent execution of plans, applies, validations, and post-deployment actions.

Cloud ComputingDeveloper ToolsEnterprise Software

Omry Hay(Founder)in

Co-investorsCrescendo Venture PartnersM12 (Microsoft's Venture Fund)Mango CapitalVenture Guides Management, L.P.

Loft Orbitalloftorbital.comin𝕏

Loft Orbital operates space infrastructure, providing satellites equipped with sensing resources, onboard edge compute, and connectivity that let customers run missions without deploying their own hardware.

AI & Machine LearningDeep TechDefense TechHardwareSpace TechSan Francisco, US

Antoine Bellon de Chassy(Executive Officer, Director)Pierre-Damien Vaujour(Founder)inAlex Greenberg(Founder)inAlexander Greenberg(Executive Officer, Director)

Co-investors1809 CapitalBlitzscaling VenturesChaos VenturesEQUIAMFlucas VenturesHarmonix Fund+15 more

Mentomento.coin

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 PartnersTwelve Below

Opticuseoptic.com𝕏Acquired

Optic generates OpenAPI specifications from test traffic and maintains their accuracy through automated schema testing and patch application.

Developer ToolsEnterprise SoftwareNew York City, US

Aidan Cunniffe(Founder/CEO)in

Co-investorsboldstart venturesKindred VenturesY CombinatorACE & CompanyKleiner PerkinsPantera Capital

Relay Paymentsrelaypayments.comin𝕏

Relay Payments operates a digital payment network for the transportation and logistics industry, providing fast and secure electronic payments for parties involved in freight and delivery transactions.

FintechLogistics & Supply ChainMobility & TransportationAtlanta, US

Spencer Barkoff(Executive Officer, Director)inRyan Droege(Executive Officer, Director)

BoardLee Fixel(Director)in

Co-investorsService Provider CapitalAdditionTTV Capital

Ribbon Healthribbonhealth.comin𝕏acquired by H1

Ribbon Health was a healthcare data platform providing APIs with accurate information on providers, insurance plans, costs, and quality of care to power care navigation and provider directories.

AI & Machine LearningData & InfrastructureHealthtechNew York City, US

Nate Maslak(Founder/CEO)inNate Fox(Founder)in

Co-investorsAndreessen HorowitzCore Venture CapitalEarl Grey CapitalGreat Oaks Venture CapitalSV AngelY Combinator+3 more

Robleroble.ecoin

Roble is a software platform that helps real estate owners capture energy incentives and utility rebates, forecast CapEx ROI, quantify equipment lifecycle risk, and manage regulatory compliance across property types such as office, retail, industrial, multifamily, hospitality, and self-storage.

CleantechEnergyPropTech

Co-investorsGutter Capital

Roboflowroboflow.comin𝕏

Roboflow provides tools for developers to build and deploy computer vision applications, including image annotation, model benchmarking, and dataset management.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Joseph Nelson(Founder)inBrad Dwyer(Founder)in

BoardDavid Sacks(Director)inCrystal Huang(Director)in

Co-investorsEarl Grey CapitalFrontline VenturesGV (Google Ventures)Next Level VenturesY CombinatorCraft Ventures+1 more

Skymapskymap.com𝕏

Skymap Games is a game development studio that creates its own game titles and partners with other developers to advance their projects.

GamingManchester, US

Neal Laurenza(Executive Officer, Director)Glen Egan(Executive Officer)

BoardAngelos Dardagiannopoulos(Director)Jonathan Vazquez(Director)

Storyboardtrystoryboard.com

Santa Monica, US

Jeffrey . Gooderham Jr(Founder)

sydecarV2sydecar.ioin𝕏

Sydecar provides a platform for fund managers to form and operate venture funds, including SPV formation, compliance tools (KYC, tax filings, reporting), and investor onboarding for co-investment opportunities.

Enterprise SoftwareFintechHouston, US

Nikhil Talreja(Executive Officer, Director)Nik Talreja(Founder)inDavid Meister(Director)

BoardDaniel Kimerling(Director)inStephanie Hsieh(Director)

Co-investorsDeciensHawke VenturesHustle FundLoftyInc CapitalRuna CapitalSnow Leopard Technology Ventures+2 more

Tailscaletailscale.comin𝕏

Tailscale provides secure connectivity infrastructure.

Cloud ComputingCybersecurityDeveloper ToolsToronto, CA

Avery Pennarun(Founder & CEO)inBrad Fitzpatrick(Founder)David Crawshaw(Founder)in

Co-investorsAccelAvenir Growth CapitalCRV (Charles River Ventures)Cyber Mentor FundFlex Capital PartnersHeavybit+6 more

Tumbletumble.to

Tumble operates a smart laundry platform for shared laundry spaces in multifamily residential properties, using IoT technology and predictive maintenance to keep machines running with minimal downtime.

IoTPropTechSaaSSan Francisco, US

Scott Patterson(Founder)

Co-investorsWestern Technology Investment

Vantavanta.comin𝕏Nov 2022

Vanta provides a security and compliance platform that helps companies improve their security posture and demonstrate compliance to auditors.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US

Christina Cacioppo(Founder/CEO)inBrittany Rose(Executive Officer)

BoardAndrew Reed(Director)inJ Zachary Stein(Director)in

Co-investorsAcrew CapitalAtlassian VenturesBeyond CapitalBonfire VenturesCraft VenturesFPV+8 more

Exits Β· 2

IPOs and acquisitions across the tracked portfolio

TeamsharesNASDAQ: TMSRibbon Healthacq. by H1

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Zag Capital made?
Zag Capital has 29 tracked investments, 2 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does Zag Capital invest at?
Zag Capital invests at the Seed stage.
What sectors does Zag Capital focus on?
Zag Capital focuses on Sector Agnostic.
Who does Zag Capital co-invest with?
Zag Capital most often shares deals with Y Combinator, Frontline Ventures, M12 (Microsoft's Venture Fund), among 121 tracked co-investors.

Images

Zag Capital photo

Co-investors Β· 5

Union Square Ventures (USV)

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.

Both backed Β· 1
$1M – $8M
Shrug Capital

Shrug Capital started as a viral joke tweet that became a $3M venture fund, blending elite Silicon Valley investors with celebrities like Tony Hawk and The Chainsmokers to create an unusually strong bridge between tech and entertainment culture. The fund backs companies with "effortless sharing" potential that are culturally resonant enough to explain enthusiastically to non-tech friends, while the partners act as obsessive fans who tattoo portfolio logos and turn their personal lives into marketing campaigns for their companies.

$100K – $3M
Grit Capital Partners

Grit Capital Partners is a venture capital firm that leads seed investments in applied AI companies transforming commerce, media, marketing technology, and fintech sectors.

Firms observed investing alongside Zag Capital, from public investor directories. Shared companies are the overlap with Zag Capital's recorded portfolio.

Similar investors

4Di Capital

4DI Ventures was co-founded by repeat tech operator and ESET Southern Africa founder Justin Stanford, giving it unusually deep cybersecurity and software operating experience rather than a purely financial background, and originated from Stanford's own angel-investing experiments that directly led to both the firm's creation and the launch of the Silicon Cape Initiative. The firm explicitly describes its style as "nurture capital" with intensive, hands-on engagement, and Stanford is vocal about avoiding the "unicorn at all costs" mentality in African tech, instead emphasizing sustainable market readiness and fundamentals in a more conservative, durability-focused investment approach.

$100K – $1M
83North

83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-defining companies, backing startups across multiple stages and sectors.

$100K – $10M
8VC

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.

$100K – $50M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
Accomplice

Accomplice is a venture capital firm that has backed early-stage companies across sectors, having been part of the origin stories of companies like AngelList, DraftKings, Patreon and WHOOP.

$5M – $25M

Featured in lists