<strong>25 Capital Sources Every Underrepresented Founder Should Know in 2025</strong>

Here at Outlander VC, we have a simple philosophy: pedigree doesn’t predict success.

Often the most transformational companies are built by visionaries who might not fit the traditional venture capital mold. That’s why we’re committed to backing exceptional founders from Day Zero—regardless of where they’re building, what city they call home, or whether they have fancy generational legacy degrees.

We don’t invest in credentials. We invest in vision, execution, intelligence, and character.

If you’re building something extraordinary—especially if you’ve been underestimated or overlooked—we created this list specifically for you.

We’ve curated 25 VC funding sources for underrepresented founders in 2025. These early-stage funds truly understand what it means to back brilliance early, and they’re actively investing in women, people of color, LGBTQ+ founders, immigrants, veterans, and others who’ve historically been left out of the conversation.

Outlander VC

Stage: Pre-Seed, Seed
Check Size: $750K–$2.5M
Focus: Visionary founders building software or hardware-enabled software. We’re spending time thinking about AI applications, autonomy, Future of Work, consumer tech, energy, infrastructure, health, and more (just no crypto, gaming, biotech/pharma, or CPG)

What Makes Us Different: We couldn’t care less where you went to school or who’s in your network—we care about your ability to build something world-changing.

Website: https://outlander.vc
Apply: Click Here

January Ventures

Stage: Pre-Seed, Seed
Check Size: Varies, $250K-$750K
Focus: Diverse Founders, Software, Healthcare, SaaS
Website: https://www.january.ventures/
Apply: Click Here

Precursor Ventures

Stage: Pre-Seed, Seed, Series A
Check Size: Varies, $250K-4M
Focus: Underrepresented Founders, Female Founders, LGBTQ+
Website: https://precursorvc.com/
Apply: Click Here

Female Founders Fund

Stage: Seed, Series A
Check Size: Varies, 500K – $750K.
Focus: Female Founders in B2B, Consumer, Healthcare, and Fintech
Website: https://femalefoundersfund.com/
Apply: Click Here

True Wealth Ventures

Stage: Seed
Check Size: $1M
Focus: Female Founders, healthcare and climate
Website: https://truewealthvc.com/
Apply: Click Here

BBG Ventures

Stage: Seed
Check Size: Varies
Focus: Female Founders in health, education, climate, and consumer
Website: https://www.bbgventures.com/
Apply: Click Here

Chingona Ventures

Stage: Pre-Seed, Seed
Check Size: Varies, $500K-$1.5M
Focus: Underrepresented Founders, Healthcare, Consumer, Tech Agnostic
Website: https://www.chingona.ventures/
Apply:Click Here

HearstLab

Stage: Seed, Series A
Check Size: Varies
Focus: Female Founders, B2B Saas
Website: https://www.hearstlab.com/
Apply: Click Here

Level Up by Hearst

Stage: Pre-Seed, Seed
Check Size: $300K average
Focus: Black and Latinx Founders, Sector Agnostic
Website: https://www.levelupventures.com
Apply: Click Here

Westbound Equity

Stage: Early Stage
Check Size: $750K-$1.5M pre-seed, $2M Seed+
Focus: Underrepresented Founders, Consumer
Website: https://westboundequity.com/
Apply: Get in Touch

Context Ventures

Stage: Early Stage
Check Size: Varies, ~$500K
Focus: Female Founders, Impact
Website: https://www.contextvc.com/
Apply: Click Here

Gaingels

Stage: Early Stage
Check Size: Varies, ~250K-$1M
Focus: LGBTQ+ and allies
Website: http://gaingels.com/
Apply: Click Here

The Helm

Stage: Early Stage
Check Size: Varies, ~$500K
Focus: Female Founders, Impact
Website: https://thehelm.co/
Apply: Get in Touch

Graham & Walker

Stage: Early Stage
Check Size: Varies, $25K-$400K
Focus: Female Founders
Website: https://grahamwalker.com/
Apply:Click Here

Hustle Fund

Stage: Seed
Check Size: Varies, $150K first check
Focus: Underrepresented Founders, Consumer, SaaS
Website: https://www.hustlefund.vc/
Apply: Click Here

Chai Ventures

Harlem Capital

Stage: Pre-Seed, Seed
Check Size: Varies, $500K-$1M
Focus: Underrepresented Founders
Website: http://harlem.capital/
Apply: Click Here

Anthemis Group (Female Innovators Lab)

MaC Venture Capital

Vamos Ventures

Stage: Seed
Check Size: Varies
Focus: Latinx, Underrepresented Founders
Website: https://vamosventures.com/
Apply: Click Here

Scout Ventures

Artemis Fund

Stage: Seed
Check Size: $750K – $1.5M
Focus: Diverse tech founders in fintech, commerce, and caretech
Website: https://www.theartemisfund.com/
Apply: Click Here

GingerBread Capital

Wellington Access Ventures

Serena Ventures

Swizzle Ventures

L’Attitude Ventures

The Bottom Line

It’s not enough to just say “anyone can be a founder.” We need to back that belief with real capital. These 25 funds (and many more) are doing exactly that—tearing down barriers, challenging outdated norms, and funding tomorrow’s leaders today.

And if you’re one of those founders with a world-changing vision? We want to hear from you.

The healthcare industry is undergoing a massive transformation, driven by innovations in AI, digital health, value-based care, and tech-enabled services. From streamlining patient experiences to optimizing provider workflows, startups are redefining how care is delivered, accessed, and paid for. But building in HealthTech isn’t just about having a great product—it’s about securing partnerships with payers and providers, navigating complex regulatory hurdles, and proving real-world impact. The right investors don’t just bring capital; they bring deep expertise, industry relationships, and the strategic guidance necessary to scale successfully.

That’s why we’ve put together this curated list of 25 top HealthTech venture capital firms actively investing in 2025. These VCs are backing digital health, healthcare SaaS, payer/provider solutions, virtual care, women’s health, end-of-life, and tech-enabled services. More importantly, we’ve detailed how to approach them, giving founders a direct path to securing funding from investors who understand the nuances of scaling in this space.

If you’re building the future of healthcare through technology and innovation, this list is your roadmap to the right investment partners.

Featured Investors: Leura Craig, Abbie Strabala, Deepika Jonnalagadda, and AJ Smith.

Outlander VC is a generalist fund that has been first or early money in multiple high-impact HealthTech companies. In Fund III, Outlander invests at pre-seed and seed, writing initial checks between $500K and $2.5M+. While the firm does not invest in biotech or pharmaceuticals, Outlander is bullish on transformative healthcare technology—backing AI, automation, and deep-tech solutions that redefine how care is delivered, accessed, and optimized.

Featured Investors: Anna Fagin, Robert Fuentes, Chris Gosioco, and Andie Steinberg

Highlighted Investments: Eleanor Health, Zing Health, Habitat Health, and Thyme Care

Town Hall Ventures seeks to partner with entrepreneurs who are as passionate as they are about changing the health care system. The fund is aiming to raise $400M for its fourth flagship fund, Town Hall Ventures IV and invests initial checks ranging from $5 to $25M across all stages.

How to Apply: Reach out to the investors focused on deal sourcing listed above – network referrals work best. Learn more on their website.

Featured Investors: Lynne Chou O’Keefe, Chirag Shah, Hong Truong, and Chuka Esiobu

Define Ventures is one of the largest funds focused on early-stage health tech companies. Define supports companies from incubation to series B.

How to Apply: Reach out to anyone on the investor team – network referrals work best. Learn more on their website.

Obvious Ventures was one of the first VC firms in the world to become a certified B Corp, and it has backed 100+ purpose-driven companies building transformative solutions to the systemic environmental and social challenges of our time. The firm’s three investment pillars are sustainable systems, healthy living and people power.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

FCA Venture Partners invests in digital health and technology enabled healthcare services companies across the seed to series B stages writing checks from $2-6M.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

F Prime Capital, the CVC of Fidelity Investments, is a global venture capital firm that invests in seed through growth stage technology and healthcare companies, focusing on innovation and disruptive growth.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Featured Investors: Bob Kocher, Camille Samuels, Nick Beim, Ethan Batraski
Highlighted Investments: Athenahealth, Devoted Health, Lyra Health, 10x Genomics

Venrock has been a powerhouse in healthcare and technology investing for over 50 years, with deep roots in healthcare IT, biotech, and tech-enabled services. They invest early and at growth stages, with a strong focus on value-based care, digital health, and enterprise SaaS for healthcare.

How to Apply: Reach out to their investment team through referrals. Learn more on their website.

Featured Investors: Glen Bressner, Todd Pietri, Jarred Bressner, and Pierce Crowley

Activate Venture Partners has invested in over 100 tech-enabled healthcare and applied technology companies at the seed and early stage.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Contact form on their website.

NEA has served as a partner to the founders and teams behind some of the most transformational innovations in healthcare and technology from early seed to the growth stage over the past five decades.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

CVS Health Ventures is a corporate venture capital fund that invests in high-potential, early-stage and growth-stage companies focused on making healthcare more accessible, affordable, and simpler.

How to Apply: Reach out to the investors specializing in early stage healthtech listed above – network referrals work best. Fill out the contact form on their website.

Highlighted Investments: Cityblock, Main Street Health, Upfront Healthcare, Eleanor Health

Echo Health Ventures invests in early to late stage healthcare companies. They have 30+ companies in their current portfolio.

How to Apply: Reach out to any member of the investment team – network referrals work best. Learn more on their website.

Featured Investors: Bill Geary, Victor Lanio, Margaret Malone, and Tara Sullivan

Flare Capital Partners is an early-stage healthcare venture capital firm advancing innovation-driven companies to improve positive health outcomes, broaden care access, and lower healthcare costs.

How to Apply: Reach out to any member of their investment team – network referrals work best. Reach out on their website.

B Capital is a multi-stage investment firm supporting a startup’s unique needs throughout the journey from seed to market leadership. Within healthcare, they are focused on healthcare IT & SaaS, digital healthcare, biotechnology and bio IT, and healthcare insurance and payment.

How to Apply: Reach out to a member of the healthtech investment team listed above – network referrals work best. Learn more on their website.

Featured Investors: Matthew Harrigan, Nelson Schubart, Margaret Davidson, and Hunter Hillenmeyer

Company Ventures predominantly invests in digital health, fintech and enterprise SaaS businesses at pre-seed, seed and series A stages through our funds with a typical check size of ~$500K-$1M.

How to Apply: Reach out to any member of their investment team – network referrals work best. Learn more on their website.

Amboy Street Ventures invests in Seed and Series A stages of cutting-edge Women’s Health and Sexual Health startups that address this untapped $1T market opportunity.

How to Apply: Reach out to any member of their investment team – network referrals work best. Learn more on their website.

Highlighted Investments: Seen Health, Carewell, Isaac Health, and Safe Ride Health

Primetime Partners is a leading investor in longevity tech, across healthcare, fintech and consumer. The fund invests in seed stage as well as opportunistic series A companies.

How to Apply: Reach out to any member of their investment team – network referrals work best. Learn more on their website.

AlleyCorp Healthcare is one of the most active early-stage investors in New York dedicated to healthcare. As a physician-led team, they build and invest $1-4M entry checks in companies that dramatically improve healthcare across quality, cost, and access from incubation through seed.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Route 66 Ventures is focused on the Digital Health & Wellness market, investing in early stage idea-driven, technology companies that will change the world in positive ways and impact people’s lives.

How to Apply: Reach out to anyone on the investment team – network referrals work best. Learn more on their website.

Primary Ventures is a generalist fund writing checks ranging from $1-6M into NYC-based seed companies. Primary’s impact team actively works alongside portfolio companies to boost their growth by providing deep operational support.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Featured Investors: Mike Cunningham, George Pantazopoulos, Richie Chaikof, and Courtney Good

Optum Ventures, a CVC of UnitedHealth Group, invests from seed to growth equity with a mission to promote healthcare innovation across the globe. Their 70+ portfolio companies include value-based care delivery, enterprise software and enabling infrastructure, and fintech, among others.

How to Apply: How to Apply: Reach out to any member of their investment team – network referrals work best. Learn more on their website.

Zeal Capital is a Washington, DC-based venture capital fund investing in healthcare, fintech, and the future of work and learning at the seed and series A. Zeal leverages its Inclusive Investing strategy to narrow wealth, skills, and healthcare gaps in the US, and at scale globally.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Featured Investors: Linnea Roberts, Ita Ekpoudom, Katherine Rice, and Elizabeth Valiaveedan

GingerBread Capital invests $150K-$2M+ in the next generation of women founders and entrepreneurs leading high-growth businesses from seed through series C. The fund has an investment focus in companies impacting women’s health.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Featured Investors: Bob Saunders, Michelle Cao, Sarah Manasvit, and Jagoda Rokicka

Highlighted Investments: Amplified Sciences, eBlu Solutions, mPulse Mobile, and Progentec

OCA Ventures invests in seed through series B companies in enterprise software, consumer software, fintech, and digital health with initial check sizes of $1-3M.

How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Fill out the form on their website.

Lux Capital is known for backing bold, frontier-tech companies pushing the boundaries of healthcare, biotech, and deep science. The firm invests across seed to growth stages, with a focus on startups leveraging AI, robotics, and next-gen therapeutics to reshape the healthcare landscape.

Lightspeed backs founders early and supports from seed through Series F and beyond.
How to Apply: Reach out to the investors specializing in healthtech listed above – network referrals work best. Learn more on their website.

Ever wondered how Scale AI grew to $14B by mastering government contracts? In this candid panel discussion, we sit down with Scale’s Director of Public Sector Deployment Strategy and veteran defense specialists to reveal their playbooks for success.

Welcome to another deep dive into the minds of venture capital leaders who are shaping the startup ecosystem. In our latest Venture Visionaries conversation, we sat down with Alexa Von Tobel, founder of Inspired Capital, to unpack her insights on what truly makes a founder—and a startup—successful.

With a background as a founder herself (LearnVest, acquired by Northwestern Mutual for nearly $400 million) and now managing almost $1 billion in investments, Alexa brings a unique perspective grounded in real-world entrepreneurial experience.

Alexa believes the biggest pitfall for founders is building a business they don’t genuinely want to think about every day for the next 15 years. Her advice? If you’re not obsessed with the problem you’re solving, don’t start the company.

For Alexa, this personal obsession was deeply personal. After losing her father, she became passionate about democratizing financial planning—a mission that fueled LearnVest. Without that obsession, it may never have become one of the largest FinTech acquisitions of the decade.

Founder Takeaway: At Outlander, we love obsessed founders who are consumed by a problem–who see a future state that needs fixing and that you are the one to do it. Your startup should solve a problem that keeps you up at night. When the going gets tough, passion isn’t just motivational—it’s fundamental to your persistence.

Alexa champions adaptability. She believes the most successful founders aren’t just those who survive challenges, but those who thrive because of them.

Drawing from her podcast interviewing over 260 top founders, she’s observed a common trait: these entrepreneurs view stress as a catalyst for growth. Like Darwin’s principle of survival, it’s not the strongest who succeed, but those most adaptable to change.

Founder Takeaway: At Outlander, we love founders who have demonstrated resilience. But more important than having endured hardship is showcasing the ability to learn from it and adapt to ever-changing environments. Your ability to pivot and learn quickly may be the most valuable asset in your founder journey.

In today’s market, Alexa emphasizes the critical importance of being a smart capital allocator. The best founders understand that a business is essentially a machine: you put a dollar in with the expectation of generating multiple dollars in return.

She warns against unnecessary spending, especially in early stages. The most impressive founders are those who can turn on meaningful traction with minimal capital, demonstrating “scrappiness” that becomes part of the company’s DNA.

Founder Takeaway: Every dollar matters. Be strategic about resource allocation and prove you can create value with constraints.

Alexa draws a powerful analogy from her experience founding LearnVest during the 2008 recession. Founders who start businesses during challenging times develop a different operational DNA—they learn to run at “50 miles per hour” when others might be moving at “6 miles per hour.”

This forged resilience becomes a core part of the company’s culture, creating teams that know how to operate efficiently and effectively, even when resources are limited.

Founder Takeaway: Your early-stage constraints can become your greatest strength. Embrace the challenge and let it shape your company’s culture.

Inspired Capital’s approach, much like our Founder Framework at Outlander VC, is about backing people, not just business models. It’s about finding founders who are relentless, adaptable, and deeply committed to solving meaningful problems.

For founders reading this: obsess over your mission, embrace challenges, be capital-efficient, and never stop learning. Your journey is just beginning.

Stay inspired and outlandish and, as always, be sure to pitch our team your vision at: www.outlander.vc

The Rise of Women-Led VC Firms in 2024

Despite the long-documented gender gap in funding female* founders, there is good news for the ecosystem in the recent rise in women-led venture capital (VC) firms.

In 2023, women-led VC firms raised a record $3.5B in 2023 (up $500M from 2022). This still only accounts for roughly 3% of all venture funding raised in 2023, but represents a significantly promising step for the entire startup ecosystem.

Especially because the indication thus far is that women-led funds are more likely to invest in diverse founders, which research indicates actually correlates with better financial performance.

Here are some quick facts regarding female* founded companies for your next pitch:

We’ve put together a short list of 24 incredible women-led VC firms (24 for ’24!) that should absolutely be on your radar. There are many more, so be sure to tag them on our LinkedIn post to help more female* founders find great investors!

24 Top Women-Led VC Firms in 2024 and How to Apply for Funding

Outlander VC

Featured Partners: Leura Craig and Bailie Salk
Highlighted Investments: Gusto, Lyft, Klarna, Wish, Scale, Andela, Postmates

Outlander VC is a leading venture capital firm with a remarkable track record, including 17+ unicorns among its ~150 portfolio companies. Under the leadership of Leura Craig, Outlander has become a top-decile performer and is actively deploying capital from its third fund. The firm is notable for its commitment to diversity, with half of its investment partners being women and 62% of its portfolio having diverse founders.

BBG Ventures

Featured Partners: Susan Lyne, Nishua Dua
Highlighted Investments: Zola, The Mom Project, Lola, Winky Lux, Oova

BBG Ventures, under the leadership of Susan Lyne and Nishua Dua, invests in early-stage startups with at least one female founder. They are on Fund IV and actively hearing founder pitches.

Acrew Capital

Featured Partners: Theresia Gouw, Lauren Kolodny
Highlighted Investments: Bilt, Gusto, Chime, Clara, Discord

Acrew Capital is a powerhouse in early-stage venture investing, led by Theresia Gouw and Lauren Kolodny. The firm is known for its strategic investments in fintech, cybersecurity, and consumer tech, driven by a leadership team that brings a wealth of experience and a commitment to diversity.

Cowboy Ventures

Featured Partner: Aileen Lee
Highlighted Investments: Docsend, The League, Crunchbase, Enrich, Guild

Cowboy Ventures, led by Aileen Lee, is known for its strategic investments in software-focused startups. Aileen Lee’s experience and leadership have made Cowboy Ventures a key player in the early-stage venture capital arena.

Female Founders Fund

Featured Partner: Anu Duggal
Highlighted Investments: Zola, Bentobox, Wayup, Winky Lux, Fable

Female Founders Fund, led by Anu Duggal, is a leading source of capital for women entrepreneurs. The firm’s investments span a variety of sectors, all united by their focus on female leadership and innovation.

The Artemis Fund

Featured Partner: Leslie Goldman Tepper
Highlighted Investments: DressX, Fundid, The Good Patch

The Artemis Fund is a seed-stage fund focused on tech startups in fintech, commerce, and care sectors. Leslie Goldman Tepper’s leadership has positioned the firm as a key player in supporting diverse founders who are building the next generation of transformative companies.

Aspect Ventures

Featured Partners: Theresia Gouw, Jennifer Scott Fonstad
Highlighted Investments: Baublebar, Gusto, HotelTonight, TheRealReal

Aspect Ventures is a Series A-focused (selected seed participation) firm whose team has funded over 100 companies and participated in 350+ follow-on investments.

Construct Capital

Featured Partners: Dayna Grayson, Rachel Holt
Highlighted Investments: Uber, Copia, Incremental, Verve, Telegraph

Construct Capital, co-led by Dayna Grayson and Rachel Holt, focuses on early-stage investments in industries like manufacturing, logistics, and supply chain. The firm’s leadership team brings deep expertise to their investments, driving innovation in these foundational sectors.

Forerunner Ventures

Featured Partner: Kirsten Green
Highlighted Investments: The Farmer’s Dog, Chime, Ritual, him&hers, Oura, Glossier

Forerunner Ventures, under the leadership of Kirsten Green, specializes in investments in e-commerce and consumer brands.

Renegade Partners

Featured Partner: Roseanne Wincek & Renata Quintini
Highlighted Investments: Warby Parker, Masterclass, Dollar Shave Club

Renegade focuses on early-stage investments in AI/ML, Vertical SaaS, Enterprise, Consumer, FinTech, InfraTech, and more.

How to Apply: Check their website for updates on investment opportunities or reach out directly through their contact page.

Union Square Ventures

Featured Partner: Rebecca Kaden
Highlighted Investments: Etsy, Twitter, Duolingo, Coinbase, Kickstarter
Union Square Ventures is a NYC-based VC, investing on the edge of large markets being transformed by technological and societal pressures.

How to Apply: Union Square Ventures prefers warm introductions, but they are also receptive to pitches sent via email (see website footer).

Redpoint Ventures

Featured Partner: Annie Kadavy
Highlighted Investments: Stripe, Snowflake, HashiCorp, Nubank
Redpoint invests across consumer and enterprise and they have partnered with thousands of inspiring entrepreneurs over the past two decades.

How to Apply: Redpoint Ventures accepts warm introductions, but you can also reach out via their website.

Revolution Ventures

Featured Partner: Clara Sieg
Highlighted Investments: sweetgreen, DraftKings, TemperPack, Scopely
Revolution Ventures, HQ’d in Washington, D.C., invests in companies outside traditional tech hubs through their family of funds – Revolution’s Rise of the Rest Seed Fund, Revolution Ventures, and Revolution Growth – Revolution partners with entrepreneurs at every stage of the entrepreneurial lifecycle.

Bond Capital

Featured Partner: Mary Meeker
Highlighted Investments: Canva, AirBnb, Doordash, Duolingo, Instacart, Clear, Peloton
Mary Meeker’s Bond Capital specializes in late-stage growth investments in high-potential companies, particularly those leveraging technology to scale rapidly.
How to Apply: The best approach is through a network referral!

Pear VC

Featured Partner: Mar Hershenson
Highlighted Investments: DoorDash, Gusto, Branch, Guardant Health
Pear VC is a seed-stage venture firm led by Mar Hershenson and Pejman Nozad, focusing on partnering with founders from the earliest stages of their journey.
How to Apply: Pear VC encourages founders to connect via their online application form.

Alpaca VC

Featured Partner: Aubrie Pagano
Highlighted Investments: Compass, Firstbase, Animoca, Classpass, Imperfect Foods
Alpaca VC, led by Aubrie Pagano, invests in companies reshaping the built world, leading rounds in real estate and commerce.
How to Apply: Send them an email (Listed in their footer)

Baukunst

Featured Partner: Kate McAndrew
Highlighted Investments: Figma, Notion, Clubhouse, Threads
Kate McAndrew leads Baukunst, a venture firm that invests in creators, builders, and entrepreneurs with a focus on creative and impactful technology & design.
How to Apply: Network introductions work best, but you can also reach out via email (see website footer)

Greycroft

Featured Partner: Dana Settle
Highlighted Investments: Venmo, Scopely, TheRealReal, Braintree, Boxed, Bumble

Greycroft focuses on early to growth-stage investments in technology companies across the globe with the potential to transform sectors.

How to Apply: Network introductions work best!

NextView Ventures

Highlighted Investments: Grove Collaborative, ThredUp, Skillshare, Whoop, Attentive

NextView makes initial pre-seed & seed stage investments (checks between $400k – $4m) into software and AI companies redesigning the everyday economy.

How to Apply: The best way to get in touch is through a referral, but you can also contact through their website!

Cake Ventures

Cake Ventures invests in pre-seed & seed stage companies that reflect demographic change: aging & longevity, increased spending power of women, and the shift to majority-minority.

Halogen Ventures

Featured Partner: Jesse Draper
Highlighted Investments: Everlywell, Inked, Metropolis, Live Tinted

Halogen Ventures is an early stage venture capital fund investing in consumer technology companies led by women and based in Los Angeles.

Rivet Ventures

Featured Partner: Shadi Mehraein, Rebeca Hwang, Christina Brodbeck
Highlighted Investments: Athena, Honeybook, Ritual, Mayvenn

Rivet Ventures invests in companies where women are the key consumer demographic, focusing on companies with products or services that cater to women’s needs.

Spero Ventures

Spero Ventures invests in founders building mission-driven technology companies in three focus areas: wellbeing; sustainability; learning, work, and play. They prefer to lead or co-lead a $3M-$10M round (late seed or Series A), typically writing checks from $2M – $4M.

Lightspeed Venture Partners

Mercedes joined us a couple months ago for one of our most highly-attended Venture Visionary interviews. Lightspeed has added multiple female investing partners in the last few years. They love backing founders early and support from seed through Series F and beyond.

And how to apply…

Global geopolitical tensions have reached their highest levels since WWII. 92 countries are currently involved in conflicts beyond their borders and the Global Peace Index has measured “peacefulness” declining in nine out of the last ten years. The push to decrease human casualties, combined with recent technological advances, has created a new environment that has governments turning to the historically innovative private sector to stay competitive and defend against potential threats.

In the last three years alone, U.S. venture capital (VC) funds have injected over $100B into defense-tech companies. And while Department of Defense (DoD) contracts have typically been awarded to established players like Lockheed Martin, RTX, Northrup Grummon, and others, DoD innovation organizations (e.g., DIU, AFWERX, NavalX, and more) are increasingly working with startups to source innovative solutions.

As founders consider investment partners for their defense or dual-use technology ventures, we’ve put together a list of top funds to consider. And if you are an investor and think you should be on this list, contact us!

Top VC Funds for defense & dual-use founders to pitch in 2024 and how to pitch them:

Outlander VC
About: Top decile-performing generalist pre-seed fund, led by U.S. Marine Corps veteran and defense & intelligence-tech founder Paige Craig, investing at the earliest stages (often first check in).
Stages: Mostly Pre-Seed to Seed
Notable Investments: Scale, ID.me, SpaceX, REGENT, Skyways, Havoc, Vidrovr, Next Stage
How to Apply: Apply directly through this form

Moonshots Capital
About: With 13 unicorns and 27 total exits, Moonshots is a veteran-led seed & early Series A fund investing in bold founders.
Stages: Seed to Series A
Notable Investments: Slack, LinkedIn, Carta, ID.me, Red 6
Application: Submit proposals through their website

Point72 Ventures
About: Point72 Ventures is the VC arm of Point72 Capital and has a team that includes Managing Partner Dan Gwak, a U.S. Marine Corps veteran turned investor.
Stages: Pre-Seed to Growth
Notable Investments: Shield AI, Vannevar Labs, STOKE Space, Saronic, REGENT
How to Apply: The best way to be considered is to get an intro to a relevant investing partner, but you can also email directly to ideas@p72.vc

Alumni Ventures
About: A top-quartile performing venture fund that also invests in defense & dual-use technologies.
Stages: Pre-seed to Growth
Notable Investments: Unstructured.io, Red 6, Picogrid, Antares Industries, Edgescale AI, Sphere Semi
How to Apply: Apply directly through this form

Decisive Point Ventures
About: A VC fund focused on making early-stage investments in technology for government, public safety, and defense.
Stages: Predominantly Seed & Series A
Notable Investments: Scout Space, Radiant, Aloft, Firehawk Aerospace
How to Apply: The best way to be considered is to get an intro to a relevant investing partner, but you can also email directly to info@decisivepoint.com

First In Ventures
About: Veteran-led fund investing in security tech solutions across commercial, military, or intelligence sectors.
Stages: Predominantly Pre-Seed & Seed
Notable Investments: Anduril, Shift5, RedOwl, Syncurity
How to Apply: Fill out this form

RTX Ventures
About: Venture capital division of RTX (formerly Raytheon Technologies). Led by Daniel Ateya
Stages: Predominantly Seed & Series A
Notable Investments: Ursa Major, Hermeus, EnCharge AI, Tomorrow.io
How to Apply: Contact through the RTX Ventures website

In-Q-Tel
About: CIA-contracted investment fund, designed to source innovative information technology solutions for the Central Intelligence Agency. Led by Steve Bowsher.
Stages: Seed, Series A, sometimes later
Notable Investments: Palantir, Databricks, MongoDB, Anaconda
How to Apply: Apply directly through this form

Shield Capital
About: Former DoD Defense Innovation Unit leader and former Symantec CEO Michael Brown became a partner at Shield Capital in 2023 to invest in dual-use defense, cybersecurity, and space companies.
Stages: Seed to Series B
Notable Investments: Nexla, Apex, ASI, Rebellion
Application: Apply directly through this form

a16z’s American Dynamism
About: Andreesen Horowitz’s American Dynamism practice invests in founders and companies that support the national interest: aerospace, defense, public safety, education, housing, supply chain, industrials, and manufacturing.
Stages: Seed to Growth
Notable Investments: Anduril, Apex, Hadrian
How to Apply: Reach out or get an intro to a relevant investing partner

Silent Ventures
About: Early stage venture firm that invests in exceptional founders building unrivaled aerospace, defense, and national security companies.
Stages: Predominantly Pre-Seed & Seed
Notable Investments: Hadrian, Armada AI, Firestorm
How to Apply: Apply or reach out on LinkedIn

Lockheed Martin Ventures
About: The VC arm of defense giant, Lockheed Martin, doubled its fund commitment from $200M to $400M in 2022, rooted in its belief that the most dynamic defense innovations will come from startups.
Stages: Pre-seed to Growth
Notable Investments: Elroy Air, Hawkeye 360, Heilcity Space, X-Bow
How to Apply: Apply directly through this contact form

Champion Hill Ventures
About: Led by a former infantry and combat engineer officer in the US Marine Corps, Champion Hill has invested in some of the hottest defense tech & space startups.
Stages: Pre-Seed to Seed
Notable Investments: SpaceX, Anduril, and Umbra
How to Apply: Get an intro to or reach out to Managing Partner Josh Manchester.

Insight Partners
About: Generalist VC, increasingly making investments in defense-focused startups
Stages: Pre-seed to Growth
Notable Investments: Rebellion, Tenable, Digital Harbor
Application: Apply through their website

Lux Capital
About: Science & technology venture fund, making strategic investments to protect America’s economic security.
Stages: Any stage
Notable Investments: Anduril, Hadrian, Saildrone
Application: Connect with (or get introduced to) a relevant investing partner

Starburst Ventures
About: Aerospace & Defense investor for America and its allies.
Stages: Seed to Series A
Notable Investments: Strong Compute, Outpost, Aerocloud
Application: Join one of their accelerators or submit proposals through their website

Scout Ventures
About: Early-stage venture capital firm that invests in frontier technologies built by founders from the military, its intelligence community, and national research labs.
Stages: Seed to Series B
Notable Investments: ID.me, Radical, Voyager Space, Tomahawk Robotics
Application: Submit proposals through their website

For founders of dual-use start-ups seeking funding, Outlander VC offers unparalleled expertise and strategic support. If you are a defense technology start-up seeking funding and strategic guidance, apply to Outlander VC today.

Welcome back to Venture Visionaries, a new series brought to you by Outlander VC. Hosted by Paige Craig, Managing Partner at Outlander VC, this series explores what sets these investors apart and provides unique insights into their perspectives on the startup world. Join us as we sit down with some of the most influential investors in the industry, uncovering the secrets behind their success and learning how they navigate the ever-changing landscape of investing.

This month, we had the pleasure of sitting down with CRV’s Saar Gur, who has invested in household-name companies like DoorDash, Ring, Patreon, and AirTable. Below, you’ll find three of our favorite takeaways from that conversation, but you can also watch the full interview here. Let’s dive in!

Takeaway 1: Dare to be weird (but with utility)

One of the standout messages from our conversation with CRV’s Saar Gur was that when he invested in Patreon, DoorDash, and Ring, for example, they weren’t obvious. In Gur’s own words, they were actually, “pretty funky” at the time.

But Gur has found a lot of investment success in looking towards the weird and wonderful, to the less obvious solutions that have early utility and could therefore make a convincing case of mainstream viability. In some cases, Gur argues that “the weirder the better,” because these differentiating qualities capture attention. It can also help founders make a stronger case for why their solution is going to come out on top. “Doing AI for customer support makes a ton of sense [but] it’s not totally clear to me why a startup is gonna win that.” So when founders can be bold enough for their solution to be different, not obvious, and then demonstrate that it’s not just a dream, but that there are early signs of product-market fit – that’s where the magic happens.

As a complete, non-tech, real-world example, Gur talked about how teaching yoga on Stanford’s campus was illegal 20 years ago and now there are more yoga studios in Palo Alto than traditional gyms. What used to be a “weird,” fermented drink called kombucha 15 years ago is now sold at Seven Elevens. Now compare this with Ring – founder Jamie Simiofff was famously rejected on Shark Tank in 2013, but his “weird” DoorBot eventually transformed home and community security, selling to Amazon for a monumental deal in 2018.

Takeaway 2: Chase Big Markets with Bigger Conviction

To really catch Gur’s eye, he has to believe that the market opportunity is massive. “A lot of passing happens where I just can’t see how this can be a huge business […] we’re looking for businesses that can generate billions of dollars in revenue.” He loves commercially-oriented founders who are deeply in touch with the problems they are solving, are so obsessed that they will teach him something new (that’s his favorite part of the job!), and can see market opportunities from new angles. These traits are part of what make up a north star in Gur’s investing decisions: the founder-market fit.

With DoorDash CEO, Tony Xu, the founder-market fit was clear to Gur right from the first meeting, which enabled DoorDash to stand out from the other food delivery companies that Gur was doing diligence on at the time. The profoundly emotional experience with the problem had already been clear to Gur: as a parent, “at that time, you couldn’t reliably order food […] if you had young kids, they were going to melt down if that food showed up half an hour, an hour late.” But Xu’s conviction and approach made it clear that DoorDash realized they were running a logistics business and that their solution came from a deep understanding of the restaurants’ problems as much as the consumer. That combination of a deep understanding of those problems combined with the unit economic orientation and Xu’s passion & conviction sold Gur: ”I was like, Oh my God, [this is what] I’ve been looking for.”

The big takeaway: Go after a multi-billion-dollar problem and spend time understanding why you, as a founder, are the right person to lead the charge in solving it. Be obsessed and be honest with yourself so that you can develop the clear conviction needed to stand apart.

Takeaway 3: Lead with honesty, especially in tough times

Founders still have to do all of the difficult work in finding product-market fit, acquiring customers, and wearing all of the hats that come with entrepreneurship, but now with the added challenge that getting capital over the last two years has gotten increasingly harder. There will always be plenty of investors looking for great founders with even greater ideas, but the new fundraising environment is certainly more difficult.

Newer companies will find it easier to raise; Gur pointed out that “most of the companies that we invest in [are] in the first 18-to-36 months from incorporation.” Even so, Gur believes all founders of all stages will need total conviction in the problem, market, and their differentiated story to succeed. Fundraising challenges, after all, don’t stop after getting seed funding. “Even if you get it at seed, at the next stage, at Series A, at Series B – the fall-off rates are very high.” While they haven’t participated as much, Gur has also seen the industry’s rising number of down and inside rounds and shared some practical advice for founders who may be facing that exact predicament:

The big takeaway: Conviction and honesty are key. In this fundraising market, Gur sees founders who are struggling and need to raise a down round having more success in doing the hard and honest work with their current investors first before approaching new investors.

More to uncover with CRV’s Saar Gur:

We covered so much more in our conversation with CRV’s Saar Gur that is absolutely worth a listen. From how AI is a powerful accelerant to creativity to how CRV sees its role in providing value and guidance to its portfolio companies to how Facebook changed private markets forever…you don’t want to miss out on all of the other gems this and future conversations provide! Click here to watch the full interview and, if you haven’t already, join our mailing list so we can continue bringing you valuable content to help in your founder journey!

What’s coming next?

Up next, we will be sitting down with Mercedes Bent of Lightspeed Venture Partners, a renowned venture capitalist known for her keen eye in identifying breakthrough startups and top-performing founders. We’ll dive deep into the key characteristics that make founders successful and the traits that set breakthrough startups apart from the rest. You can RSVP for the 5/22 live interview or signup to receive the asynchronous viewing link afterwards here!

For 14+ years, we’ve invested in unicorns like Lyft, Wish, Gusto, and Scale at the earliest stages. Watch our April 4th Outlander Spring Showcase to meet 5 of our current early-stage portfolio companies: Crow Industries, HavocAI, Lula Convenience, Skyways, and Tryby!

Register for the Outlander Spring Showcase for asynchronous access to decks, pitches, and to learn more about these game-changing startups! Meet the rest of our portfolio here.

1. Conviction is the foundation of startup success: First and foremost, only start a company if you can’t imagine not doing it. Startups require immense resilience and sacrifice that can only be justified by a founder with a greater level of conviction. The most successful founders truly understand and deeply resonate with the problem space they’re trying to solve. Compelled by how their vision will change the future for the better, impact-driven founders are more likely to persevere when things inevitably get tough.

“Don’t do it unless you have to do it—unless you’re just so compelled that it’s not a decision.” — Fritz Lanman of Mindbody & ClassPass

“Companies don’t exist for the sake of it. We exist to fix stuff. It all starts with the problem space. It all starts with something being broken and painful, and you’re so compelled to try to fix that thing that you almost have to start a company to fix it because it’s not getting fixed otherwise.” — Josh Reeves of Gusto

2. Build a complementary, mission-driven team: Identify your strengths and weaknesses as a founder, then seek mentors and team members who augment your capabilities. Beyond complementary skills, your core team must share your conviction and be bought into the vision. Invest in a strong relationship foundation with your team, especially co-founders. Company culture can make or break your long-term success, and hiring a people/HR leader early can enable founders to remain focused on product and sales without sacrificing the top-tier talent needed as the company scales.

“The single most important thing for a first-time founder is to get mentors that help you with your blind spots. Be really cognizant of the archetype that you fit into, and build a founding team that complements but doesn’t duplicate your skill set.” — Blake Hall of ID.me

“Hiring as a search for alignment. You don’t convince someone to join, and they don’t convince you to hire them—it’s both parties figuring out, ‘Can we do something great together and having an intentional approach to that?’, whether it’s the values, motivation, skill, alignment approach, or whatever you create.” — Josh Reeves of Gusto

3. Storytelling is an early-stage founder’s most valuable tool: Your ability to sell your vision is crucial for not only fundraising but also hiring, sales, product development, and beyond. Investors invest in the story, not just the numbers—especially in the early days when experienced VCs know not to expect flashy metrics yet. Likewise, storytelling is critical in mobilizing a team around a shared vision. In the early days, there’ll be less capital to offer potential hires, so founders must sell the vision to attract top talent. The best way to craft a compelling pitch is by going out and pitching over and over, A/B testing your way through it. Similarly, get your hands dirty and personally tackle customer support and product testing challenges. This hands-on approach gives you greater insight into your company, helping you lead and fundraise more effectively.

“The most underrated skill set for an entrepreneur—the one that I would argue might be the most valuable, but people invest the least in—is storytelling. Investors use numbers to fortify the story, but they’re investing in the story.” — Matt Pohlson of Omaze

“If you can’t convince a great engineer to come and work for you and build this thing, you’re going to have a really hard time building a successful company.” — Fritz Lanman of Mindbody & ClassPass

“But for growth-stage investors, when you’re coming up to pre-IPO type level, the story matters 25%. Your numbers matter more than anything. Being to being able to tell the story about your numbers became more important than just the story.” — Waleed Nasr of Medely

4. Prioritize everything against your North Star Metric: Have a deep understanding of your metrics from the early days. Prioritize initiatives that scale your core business and contribute to your North Star Metric (NSM). Start small and remain capital-efficient in the early days by focusing on what advances your value proposition. By staying lean and agile, you can prove your business proposition without over-raising capital and, in turn, raising the bar for your next round or exit.

“Think about what that core business is and make sure you’re investing in what your real value proposition is, not some of the other stuff on the periphery.” — Jonathan Neman of sweetgreen

“The military teaches that you always need to lead two levels down. For me, I’m responsible for the profits and losses (P&L). That’s ultimately what I’m accountable for to my investors and the board. So, in order for me to have confidence that my reports are bringing clarity and focus on what matters, they have to show me that they understand how the different things they do tie back to our P&L and then say, based on this, here are the KPIs that are always true.” — Blake Hall of ID.me

Throughout the Outlander Unicorn Rodeo Series, every founder emphasized the importance of vision, resilience, effective team-building, and alignment with the company’s mission as the cornerstones of successful early-stage startups. Without this foundation, it’s easy for founders to lose the forest for the trees. Unsurprisingly, each founder emphasized the need for a North Star Metric to serve as a compass for all aspects of company building.

Welcome to Venture Visionaries, a brand-new series brought to you by Outlander VC. Hosted by Paige Craig, Managing Partner at Outlander VC, this series explores what sets these investors apart and provides unique insights into their perspectives on the startup world. Join us as we sit down with some of the most influential investors in the industry, uncovering the secrets behind their success and learning how they navigate the ever-changing landscape of investing.

From their investment strategies to their predictions for the future, we’ll bring you inspiring conversations that’ll resonate with aspiring entrepreneurs and anyone curious about the world of venture capital. So, grab your headphones and get ready to be inspired by the visionaries shaping the future of innovation!

First up, we have Mike Maples, Jr. from Floodgate! Mike is a renowned venture capitalist known for his keen eye for breakthrough startups and his ability to identify successful founders. We’ll dive deep into the key characteristics that make founders successful and the traits that set breakthrough startups apart from the rest. Mike will also share his insights on the role of an investor as a co-conspirator, working closely with founders to drive their success. In our conversation, we cover:

The importance of “pattern breakers“, individuals who think and act differently, challenging the status quo and proposing new ways of doing things.
The role of inflections, such as technological advancements or societal shifts, in creating opportunities for startups.
The significance of product-market fit in the success of a startup.
The increasing efficiency of the venture capital market, leading to more opportunities for entrepreneurs.
The importance of maintaining high standards and discipline in investment decisions.
The latest trends in the AI industry and what lies beyond.

If you’re ready to dive in, listen to our full conversation now to hear Mike’s thoughts on successful founders, breakthrough startups, and the future of venture capital. Alternatively, keep scrolling to discover our three biggest takeaways from the episode, key quotes from Mike, and more exciting content below. 👇

Takeaway 1: Invest in pattern breakers, not pattern matchers

In our conversation, Mike Maples, Jr. emphasized his investment philosophy of backing pattern breakers—individuals who propose a new way of doing things which challenges the status quo. He believes that a great startup forces a choice, not a comparison, and is essentially a challenge to the established norms.

“My job is to invest in pattern breakers,” Maples stated. “A lot of people say that venture capital is about pattern matching, and I actually somewhat reject that. My job is to find the people who propose a new way and say, hey, the way that you’re used to doing things isn’t the best way. There’s this radically different way.”

He further explained, “The pattern breaker engages in pattern breaking thinking, the pattern breaking actions.” Maples believes the pattern breakers are distinguished by their thoughts and actions, often acting in ways that make others uncomfortable, but leading to innovation and change.

Takeaway 2: Inflections are vital to startup success

According to Mike, inflections play a critical role in a startup’s success. He believes that a powerful inflection point is a precondition for success in a startup, as it provides them with the ability to wage asymmetric warfare on the present.

“I look for, on the ideas front, are they harnessing inflections?” Maples said. “An inflection is kind of like a surfer has to have skill, but they have to pick the right wave. And a good wave is a precondition for success at surfing. And I believe that a powerful inflection is a precondition of success in a startup,” he explained.

He also emphasized that timing is a significant risk factor, and thus, understanding inflections can help in evaluating whether an idea is well-timed or not.

Takeaway 3: Influence of AI and digitization on future startups and businesses

Maples shared his fascination with the rapid advancements in generative AI and its potential implications on various industries. He also discussed the concept of “digital twinning,” where a product’s usage and potential issues are simulated and tested in the digital domain before being built in the physical world.

“The thing I find interesting about AI is there’s so many inflections and they’re happening so quickly and they’re so unpredictable that one thing displaces the next thing from one week to the next,” Maples said.

“It’s not how I would have normally thought about things in the past,” he said, discussing digital twinning. He added, “You start to wonder if more and more products will have a digital twin that is specified, and then that digital twin will simulate lots of different corner cases.”

Key quotes

“A startup is a provocative act. By definition, a breakthrough startup says, “Hey, the present as it is now isn’t as good as it could be.’”
“In the 0 to 1 phase, there’s really only one focus, which is to get product-market fit as soon as possible. Because if we get product-market fit and do everything else at B+ level, we’re going to succeed, but if we get A+ plus at everything but that product-market fit we will not succeed.” – Mike
“A great startup idea forces a choice and not a comparison.”
“In all investing, you have to get paid for the risk that you take. And if you pay a high price, even if you’re right, sometimes you don’t make money on these things.”
“You’ve got to decide if you want to perform close to the average or if you want to be an outlier performer.”

Meet Mike Maples, Jr.

Mike Maples, Jr. is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade and was also named a “Rising Star” by FORTUNE and profiled by Harvard Business School for his lifetime contributions to entrepreneurship.

Before becoming a full-time investor, Mike was involved as a founder and operating executive at back-to-back startup IPOs, including Tivoli Systems (IPO TIVS, acquired by IBM) and Motive (IPO MOTV, acquired by Alcatel-Lucent.) Some of Mike’s investments include Twitter, Twitch.tv, Clover Health, Okta, Outreach, ngmoco, Chegg, Bazaarvoice, and Demandforce.

Mike is known for coining the term “Thunder Lizards,” which is a metaphor derived from Godzilla that describes the tiny number of truly exceptional companies that are wildly disruptive capitalist mutations. Mike likes to think of himself as a hunter of the “atomic eggs” that beget these companies.

Mike is the host of the Starting Greatness podcast, which shares startup lessons from the super performers.

Outlander VC

January Ventures

Precursor Ventures

Female Founders Fund

True Wealth Ventures

BBG Ventures

Chingona Ventures

HearstLab

Level Up by Hearst

Westbound Equity

Context Ventures

Gaingels

The Helm

Graham & Walker

Hustle Fund

Chai Ventures

Harlem Capital

Anthemis Group (Female Innovators Lab)

MaC Venture Capital

Vamos Ventures

Scout Ventures

Artemis Fund

GingerBread Capital

Wellington Access Ventures

Serena Ventures

Swizzle Ventures

L’Attitude Ventures

The Bottom Line

The Rise of Women-Led VC Firms in 2024

24 Top Women-Led VC Firms in 2024 and How to Apply for Funding

Outlander VC

BBG Ventures

Acrew Capital

Cowboy Ventures

Female Founders Fund

The Artemis Fund

Aspect Ventures

Construct Capital

Forerunner Ventures

Renegade Partners

Union Square Ventures

Redpoint Ventures

Revolution Ventures

Bond Capital

Pear VC

Alpaca VC

Baukunst

Greycroft

NextView Ventures

Cake Ventures

Halogen Ventures

Rivet Ventures

Spero Ventures

Lightspeed Venture Partners

And how to apply…

Top VC Funds for defense & dual-use founders to pitch in 2024 and how to pitch them:

Takeaway 1: Dare to be weird (but with utility)

Takeaway 2: Chase Big Markets with Bigger Conviction

Takeaway 3: Lead with honesty, especially in tough times

More to uncover with CRV’s Saar Gur:

What’s coming next?

Crow Industries

🎯 autonomy, ML/AI, robotics 📍 Scottsdale, Arizona

🎙 James Crowell, CEO + Founder 📧 info@crowindustriesinc.com

HavocAI

🎯 maritime autonomy, USVs, attritible 📍 Providence, RI

🎙 Timothy Rhatigan, CEO + Co-founder 📧 info@havocai.com

Lula Convenience

🎯 SaaS-enabled marketplace 📍 Philadelphia, PA

🎙 Adit Gupta, Co-founder & CEO 📧 adit@luladelivery.com

Skyways

🎯 autonomy, AI, aerospace, drone 📍 Austin, TX

🎙 Charles Acknin, CEO + Founder 📧 charles@skyways.com

Tryby

🎯 AI, SaaS, Voice, AI Agents 📍 New York City, NY

🎙 Michael Woo, CEO + Co-founder 📧 michael@tryby.ai

Register for the Outlander Spring Showcase for asynchronous access to decks, pitches, and to learn more about these game-changing startups! Meet the rest of our portfolio here.

Takeaway 1: Invest in pattern breakers, not pattern matchers

Takeaway 2: Inflections are vital to startup success

Takeaway 3: Influence of AI and digitization on future startups and businesses