Just last week, I wrote about the evolving Micro-VC market.
Following that post, I received notes from several firms that wanted to confirm they were part of the data set (236 firms). Many weren’t, so I spent a few minutes this weekend adding in the names.
The updated count?
250 firms, although I’m confident we’re still missing a few.
Boston – 15
SoCal – 17
NY – 33
SF Bay Area – 115
Rest of country/world – 70
A few notes:
1/The fund sizes below represent the size of the current fund the firm is investing from, not AUM of firm.
2/Some of the firms below are still in fundraise mode, so some may graduate to higher fund dollar classes based on future closes.
3/With respect to geography, all Bay Area firms were categorized as San Francisco (versus categorizing them by city). SoCal firms were categorized as LA (sorry). “Other” references geographies outside of Boston, NY, SF, and LA. I’ll break it out later in more detail, but it’s what I’ve used for tracking purposes.
4/Many firms on the list are multi-geography in nature, so I had to judgement to deem a HQ.
5/The buckets are in $25MM increments; As such, the $0-$25MM range may include a $2MM fund or a $25MM fund.
6/Form D filings were used for some, so it’s likely some managers raised far more or less than what the filing indicated.
7/Not all of the firms listed would consider themselves Micro-VC’s, but it’s my list.
I’ll likely update this list at some point with sector/stage focus/average initial check size once I find some time to do so.
Finally, if I’ve missed any names or mistaken profiled any firms (I’m sure I’ve done both significantly here), please contact me so I can update.
$0-25MM
| 212 Capital Partners | Florida | Multi Sector |
| 55 Ventures | SF/NY | Multi-sector |
| 645 Ventures | NY | Multi-sector |
| Accelerator Ventures | SF | Multi-sector |
| ACE & Company | Switzerland | Muti Sector |
| Advancit Capital | Boston | Multi-sector |
| AF Square | LA | Multi-sector |
| Allegro Ventures | SF | Multi-sector |
| Arcus Ventures | Chicago | Multi Sector |
| Arnold Capital | SF | Multi-sector |
| Array Ventures | SF | Enterprise |
| Base Ventures | SF | Multi-sector |
| Bassin Ventures | SF | Mobile |
| Bee Partners | SF | Multi-sector |
| Belle Capital | Mi | Multi-sector |
| Bennu | SF | Multi-sector |
| Blackbird Ventures | Australia | Multi-sector |
| BOLDstart Ventures | NY | Enterprise |
| Bolt | Boston | Hardware |
| BoostVC | SF | Multi-sector |
| Bootstrap Labs | SF | Multi-sector |
| Brooklyn Bridge Ventures | NY | Multi-sector |
| Canyon Creek | LA | Multi-sector |
| Center Electric | SF | IoT |
| Coent Venture Partners | Singapore | Multi-sector |
| Commerce VC | SF | Commerce |
| Common Angels | Boston | Multi Sector |
| Core Ventures | SF | Enterprise |
| DAN fund | Tx | Multi-sector |
| Darling Ventures | SF | Multi-Sector |
| Designer Fund | SF | Multi-sector |
| Detroit Venture Partners | MI | Multi-sector |
| Divergent Ventures | WA | Multi-sector |
| Dorm Room Fund | NY | Multi-sector |
| Double M Partners | LA | Multi-sector |
| Drummond Road Capital | OH | Multi-sector |
| Dundee Venture Capital | Ne | Multi-sector |
| Female Founders Fund | NY | Multi-sector |
| Fenox Venture Capital | SF | Multi-sector |
| Firebolt Ventures | SF | Multi-sector |
| FireStarter Fund | IL | Multi-sector |
| First Step Fund | Michigan | Multi-sector |
| Fortify.vc | DC | Multi-sector |
| Founder Equity | Chicago | Multi-sector |
| Founders Co-op | WA | Multi-sector |
| Fresh VC | NV | Multi-sector |
| Fuel Capital | SF | Multi-sector |
| Galvanize Ventures | SF | Multi-sector |
| Golden Gate Ventures | SF | Multi-sector |
| GovTech Fund | SF | Government tech |
| Hackers and Founders | SF | Multi-sector |
| Healthy Ventures | SF | Digitial Health |
| Indicator Ventures | Boston | Multi-sector |
| Inner Product | SF | Multi-sector |
| Inspiration VC | SF | Multi-sector |
| K Cube Ventures | Korea | Multi-sector |
| Kae Capital | India | Multi-sector |
| Kapor Capital | SF | Multi-sector |
| LaunchCapital | Boston | Multi-sector |
| Lemnos Labs | SF | Hardware |
| Lifeline Ventures | Finland | Multi-sector |
| Lionbird | Il | Enterprise |
| Ludlow Ventures | MI | Multi-sector |
| LVenture | Italy | Multi-sector |
| Matchstick Ventures | Mn | Multi-sector |
| Maven Ventures | SF | Consumer |
| mbloom | Hawaii | Multi-sector |
| MentorTech Ventures | PA | Multi-sector |
| Mesa Ventures | NY | Multi-sector |
| Midven | UK | Healthcare |
| Moneta Ventures | Folsom | Multi-sector |
| Montage Ventures | SF | Multi-sector |
| MontaVista | SF | Enterprise |
| Morado Venture Partners | SF | Multi-sector |
| Moscow Seed Fund | Russia | Multi-sector |
| Mucker Capital | LA | Multi-sector |
| Neu Venture Capital | NY | Multi-sector |
| NewSchools Venture Fund | SF | Multi-sector |
| Notation Capital | NY | Multi-sector |
| Novastar Ventures | UK | Multi-sector |
| Okapi Venture Capital | LA | Multi-sector |
| Pipeline Capital Partners | SF | Multi-sector |
| Plug and Play Ventures | SF | Multi-sector |
| Practica Capital | Lithuania | Multi-sector |
| Precursor Ventures | SF | Multi-sector |
| Primary Ventures | NY | Multi-sector |
| Progress Ventures | Boston | Multi-sector |
| Quest Venture Partners | SF | Multi-sector |
| Red Swan Ventures | NY | Multi-sector |
| Riverfront Ventures | Pittsburgh | Multi-sector |
| Rothenberg Ventures | SF | Multi-sector |
| Rubicon VC | SF | Multi-sector |
| Scout Ventures | NY | Multi-sector |
| Scrum Ventures | SF | Multi-sector |
| Social Leverage | LA | Multi-sector |
| Starta Capital | Russia | Multi-sector |
| Subtraction Capital | SF | Multi-sector |
| Susa | SF | Multi-sector |
| Sustainable Conversion Ventures | Arizona | Renewable energy |
| SXE Ventures | Hong Kong | Multi-sector |
| TEEC Angel Fund | SF | Multi-sector |
| TenOneTen | LA | Multi-sector |
| The Launch Fund | LA | Multi-sector |
| The Valley Fund | SF | Multi-sector |
| Thesis Ventures | Florida | Multi-sector |
| Three Bridges | SF | Multi-sector |
| Tomorrow Ventures | SF | Multi-sector |
| Unitus Seed Fund | Seattle | Multi-sector |
| Unshackled | SF | Multi-sector |
| Uprising VC | SF | Multi-sector |
| Utthishta Management Advisors | India | Multi-sector |
| Vast Ventures | NY | Multi-sector |
| Vayner/RSE | NY | Multi-sector |
| Velos Capital | LA | Multi-sector |
| Venture51 | NYC | Multi-sector |
| Winklevoss Ventures (Capital) | NY | Multi-sector |
| WISC Partners | SF | Multi-sector |
| Work-Bench Ventures | NY | Multi-sector |
| ZenShin Capital | SF | Multi-sector |
$25MM-$50MM
| 112.VC | SF | Enterprise |
| 212 Capital | Turkey | Multi-sector |
| Aligned Partners | SF | Enterprise |
| Amplify Partners | SF | Enterprise |
| Aperture Ventures | NY | Healthcare |
| Arafura Ventures | sf | Multi-Sector |
| Arena Ventures | LA | Multi-Sector |
| Birchmere Ventures | PA | Multi-sector |
| Bluepointe Ventures | SF | Multi Sector |
| Blume Ventures | India | Multi-sector |
| Bowery Capital | NY | Multi-sector |
| Bullpen Capital | SF | Multi-sector |
| Caffeineited Capital | SF | Multi-sector |
| Cervin Ventures | SF | Enterprise |
| Chicago Ventures | IL | Multi-sector |
| Clear Venture Partners | SF | Enterprise |
| Cloud Apps Capital Partners | SF | Enterprise |
| Collaborative Fund | LA | Multi-sector |
| Contour Venture Partners | NY | Multi-sector |
| Core Innnovation Capital | LA | Multi-sector |
| CrunchFund | SF | Multi-sector |
| Crystal Tech Fund | VA | Multi-sector |
| Cultivation Capital | MO | Multi-sector |
| Dace Ventures | Boston | Multi-sector |
| Data Point Capital | Boston | Multi-sector |
| Deep Fork Capital | SF/NY | Multi-sector |
| Draper Associates | SF | Multi-sector |
| Ecosystem Integrity | SF | Cleantech |
| Engineering Capital | SF | Enterprise |
| Expansive Ventures | SF | Multi-sector |
| ff Venture Capital | NY | Multi-sector |
| Flywheel Ventures | NM | Multi-sector |
| Freestyle Capital | SF | Multi-sector |
| Frost Data Capital | LA | Big Data |
| Frost Venture Partners | LA | Multi-sector |
| High Line Venture Partners | NY | Multi-sector |
| Hoxton Ventures | UK | Multi-sector |
| Illuminate Ventures | SF | Enterprise |
| Initialized Capital | NY | Multi-sector |
| Inversur | Chile | Multi-sector |
| K9 Ventures | SF | Multi-sector |
| Karlani Capital | NY | Multi-sector |
| Kickstart | NY | Multi-sector |
| Krillion Ventures | Fla | Multi-sector |
| Lowercase Capital | SF | Multi-sector |
| Lumia Capital | SF | Multi-sector |
| Luminari Capital | SF | Multi-sector |
| Merus Capital | SF | Multi-sector |
| Naya Ventures | Tx | Multi-sector |
| NextView Ventures | Boston | Multi-sector |
| Pejman Mar Ventures | SF | Multi-sector |
| PivotNorth Capital | SF | Multi-sector |
| Point Nine Capital | Germany | Multi-sector |
| Profounders | UK | Multi-sector |
| Project 11 | Boston | Multi-sector |
| Promus Ventures | IL | Multi-sector |
| Red Sea Ventures | NY | Multi-sector |
| Resolute VC | Boston/SF | Multi-sector |
| Rincon Venture Partners | CA | Multi-sector |
| Rivet Ventures | SF | Multi-sector |
| Romulus Capital | Boston | Multi-sector |
| Root.VC | SF | Multi-sector |
| Sarsia Seed | Norway | Multi-sector |
| Sawari Ventures | Egypt | Multi-sector |
| SeedCamp | UK | Multi-sector |
| SignalFire | SF | Multi-sector |
| Spark Global | UK | Multi-sector |
| Streamlined Ventures | SF | Multi-sector |
| Transmedia Fund | SF | Multi Sector |
| Upside Partnership | SF | Multi-sector |
| Valar Ventures | NY | Multi-sector |
| VegasTech Fund | NV | Multi-sector |
| Version One Ventures | Canada | Multi-sector |
| Vertex Ventures | Singapore | Multi-sector |
| Wavemaker Partners | LA | Multi-sector |
| YL Ventures | Cayman | Multi-sector |
$50MM-$75MM
| 500 Startups | SF | Multi-sector |
| A Capital | SF | Multi-sector |
| Baseline Ventures | SF | Multi-sector |
| BIP Capital | GA | Multi-sector |
| Cowboy Ventures | SF | Consumer |
| CrossCut Ventures | LA | Multi-sector |
| ENIAC Ventures | NY | Multi-sector |
| Forerunner | SF | Consumer |
| Golden Gate Ventures | Singapore | Multi-Sector |
| Great Oaks Venture Capital | NY | Multi-sector |
| Harrison Metal | SF | Multi-sector |
| Homebrew | SF | Multi-sector |
| Kepha Partners | Boston | Multi-sector |
| Kibo Ventures | Spain | Multi-sector |
| Learn Capital | SF | Ed tech |
| Lerer Ventures | NY | Multi-sector |
| Metamorphic Ventures | NY | Multi-sector |
| MHS Capital | SF | Multi-sector |
| Passion Capital | UK | Multi-sector |
| Raptor Ventures | Boston | Multi-sector |
| S3 Ventures | Tx | Multi-sector |
| Structure Capital | SF | Multi-sector |
| SV Angel | SF | Multi-sector |
| Tugboat Ventures | SF | Multi-sector |
| XG Ventures | SF | Multi-sector |
| Xseed Capital | SF | Multi-sector |
| Zetta Venture Partners | SF | Multi-sector |
$75MM+
| Arcus | NY | Multi-sector |
| Bloomberg Beta | SF | Multi-sector |
| Cue Ball Capital | Boston | Multi-sector |
| Felicis Ventures | SF | Multi-sector |
| Floodgate Capital | Sf | Multi-sector |
| IA Ventures | NY | Multi-sector |
| Kaszek Ventures | Argentina | Multi-sector |
| Moment Ventures | SF | Multi-sector |
| O’Reilly AlphaTech Ventures | SF | Multi-sector |
| Obvious Ventures | SF | Multi-sector |
| Raine Ventures | SF | Multi-sector |
| Real Ventures | Canada | Multi-sector |
| Silverton Partners | TX | Multi-sector |
| SoftTech VC | SF | Multi-sector |
| Tandem Capital | SF | Multi-sector |
| Walden VC | SF | Multi-sector |
| Wing Ventures | SF | Multi-sector |
| X fund | SF | Multi-sector |
Unknown Fund Size
| AIB Seed Capital Fund | Ireland | Multi-sector |
| BrandProject | Multi-sector | |
| CincyTech | OH | Multi-sector |
| Connect Ventures | UK | Multi-sector |
| Hyde Park Venture Partners | Chicago | Multi-sector |
| Lool Ventures | Israel | Multi-sector |
| OCA Ventures | IL | Multi-sector |
| Operative Capital | SF | Multi-sector |
| Signia Venture Partners | SF | Multi-sector |
| Unicorn Venture Capital | India | Multi-sector |
39 Responses to “Mapping out Micro-VC – Updated 8/7/2015”
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HI Samir
BELLE Capital USA LP is a micro vc with under $25MM in capital. We are a national fund with offices in Michigan , Chicago and LA.
Thanks.
Best
Lauren
Thanks Lauren – added here now
Thank you for the mention
Of course!
Of the Micro-VCs between 0 and $25M, could you tell me which ones like tech investments? I have a unique cyber security company that has raised $8M and will be seeking $10M – $15M in 6-9 months. Thanks much.
All of these are tech investors; the round size you’re seeking is more appropriate for larger investors (i.e. Accel/NEA/Sequoia/etc). Average check size for the $0-$25MM group is typically $500K-$1MM/investment
The PROfounders Capital fund is £26m (about $40m).
Thanks – Added!
Please add Birchmere Ventures; about to launch Fund 5 in $25m-$50m; based in Pittsburgh.
Thx Sean – Added!
BIP Capital in Atlanta. $75m. Southeast focused.
Great, thanks Tom.
Thanks for the mention! Subtraction Capital is based in SF with a satellite office in Park City.
Great; moved to SF. Thanks for the info!
Hi Samir,
Thanks for pulling this together. One addition: Krillion is a $50M Miami-based micro vc.
Great, added!
Would love if you could add Founder Equity – we invest an average of $2.5m, based in Chicago.
Added, would love to know the last fund size so I can add to the right group.
Can you also add Riverfront Ventures? We’re based in Pittsburgh and recently closed a $23.7M fund. Thanks!
Thanks Dave, added now!
Hi Samir, thanks for posting and updating this list. Our company is in that awkward tweener stage (past proof of concept, demo, pre-launch seed/series A) and finding the appropriate funds both in size and fit has been a challenge. Using this list in tandem with Linkedin to find any mutual contacts that can provide an intro into some of these funds has been an encouraging strategy. Hope to see this list grow as more of these funds pop up to fill this crucial void in the fundraising ecosystem.
Hi Samir – been following your blog + write-ups on CBI – good stuff, keep ‘em coming! Would you add Thesis Ventures – we’re in South Florida – sub $25M capital and primarily focused on the On-demand and CPG spaces. Thanks!
Done!
added, thanks!
Thanks for the list. CommonAngels Ventures is a $27M fund run by two GPs and comprised of tech leaders in the community.
Would you please add Center Electric – we are in San Francisco – currently sub $25M and investing along an Internet of Things infrastructure theme. Thanks very much.
Added, thanks for the note!
Three more <25M – Darling Ventures (SF, multi), Arafura Ventures (SF, SaaS), Blue Pointe Ventures (SF, multi)
Added, thanks!
Transmedia Capital Fund 1 – under $25m, established in 2010, fully invested. One of the top performing micro vcs in Silicon Valley.
Transmedia Capital Fund II – $25m to $50m, currently active.
Added, thanks!
Samir, please add Sustainable Conversion Ventures to the $25M-50M group. Our focus is on renewable chemicals and synthetic biology (green tech).
Added
Hi Samir,
Corigin Ventures is an NYC-based, multi-sector micro fund with <$25M invested thus far.
Hi Samir,
Please add Utthishta Yekum Fund in 0-25 Mil group. Our focus is B2B software, mobile, analytics, SAAS startups based out of India.
JANVEST Capital Partners (U.S.-based / Israel-focused) – $0-25MM. Thank you.
Please add Arthur Ventures, $25-$50m, Minneapolis and Fargo, Enterprise
Wow, this list is pure Gold! Thank you so much Samir!
Philip
Great list. Please add Aristos Ventures in Texas. $0-25MM. Muti-sector.