Thesis
Four focus areas, three stages we lead. Clear check sizes, a clear process, and a fast, honest answer either way.
How we think about investing
We don't try to be in every deal. We focus on four areas, we go deep, and we pass quickly on everything else.
Most funds grow by widening their mandate. We've grown by narrowing ours. Over the years we focused on four areas that genuinely reinforce each other — applied AI, fintech infrastructure, vertical SaaS, and frontier tech. The founders in one area keep introducing us to the next, the pattern-matching compounds, and our conviction in a deal is sharper because we've seen the shape of it before.
The way we invest reflects the way we work. There are no drawn-out committees and no ghosting after a warm meeting. Once we understand the company, you get a real answer with a real thesis behind it — a lead offer with a term sheet, or a clear pass with the reason why. The check sizes below are ranges, not quotes; the actual number comes once we know exactly what you're raising and why.
Focus areas
Most companies we back sit squarely in one of these. We'll tell you honestly on the first call whether it's a fit.
Software that finally does the work, not just the busywork.
We invest in founders using modern models to automate a real workflow end to end — where the moat is proprietary data, hard distribution, or deep domain trust, not the model itself. Vertical, opinionated, and boring in all the right ways.
The rails money and software actually run on.
Payments, embedded finance, and the unglamorous plumbing that powers everyone else. We like regulated markets with high switching costs, where a technical team can turn compliance from a burden into a durable advantage.
One idea, expressed as software for an industry that owns it.
Software built for a single industry beats horizontal tools trying to serve everyone. We back founders who know their vertical cold and can become the system of record — then expand into payments, data, and workflow from there.
Hard technology that takes years and moves markets.
Some of the biggest outcomes come from science that most funds are too impatient to underwrite. We back technical founders on long roadmaps — robotics, bio-tools, energy, and infrastructure — with patient capital and a high tolerance for the hard middle.
Check sizes
Ranges are indicative — the exact check depends on the round, the ownership, and how much of the lead you need us to be.
| Stage | Pre-seed | Seed | Series A lead |
|---|---|---|---|
| Check size | $250k – $1M | $1M – $4M | up to $12M |
| Best for | A technical founder and an early prototype | Early signal and a wedge worth pressing | A repeatable engine ready to scale |
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Process
Every deal follows the same four movements. There are no drawn-out committees and no radio silence — just a fast, honest process you're part of the whole way through.
A real conversation about the company, the market, and what you're trying to build. We ask more than we tell, and a warm intro helps but isn't required — a sharp cold email gets read too. You'll know quickly if there's interest.
We go deep on the team, the wedge, and the numbers, and talk to a few customers and references. We share what we learn as we go, so diligence sharpens your own thinking rather than just gating a decision.
If there's conviction, we bring you a written offer with a term sheet — usually within a week of the deep dive. We explain the ownership, the price, and the role we'd play, and we answer every question before you sign anything.
The check is the start, not the finish. We take the board seat, help you make the first key hires, open doors to customers and later investors, and stay close through the hard middle — not just the exciting launch.
Questions
We reply to every serious pitch within two business days, and you'll usually have a clear read within a week of our first meeting. We'd rather give you a fast, honest pass than string you along — your time is as scarce as our capital.
Send us what you're building and what you're raising, and we'll come back with a real answer.