# Cowboy Ventures: portfolio, investments and team

> Cowboy Ventures is a vc firm based in United States. 110 investments on record, 7 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/cowboy-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Cowboy Ventures

Last cheque observed Oct 2026; 110 cheques on record.

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Deploying now New fund $76M, Nov 2022 VC firm

Pre-seed Seed Series A Enterprise Fintech Dev Tools

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Deploying now

**100%** of best year **7** **cheques in 12 months**, 110 on record

Since the last cheque **2** days **00** hrs **00** min **00** sec

Median round **$10M** Cheque size, as they say **$100K – $5.0M** Rounds led **7 of 110** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 89%**

Pitch Cowboy Ventures

## Cowboy Ventures highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Series A: 70% of its rounds
- 03 Sole investor in 1 rounds, median $13M
- 04 2 exits from the portfolio

## What they do

> We seed trailblazers, changemakers, and legends in the making From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Enterprise Fintech Dev Tools
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **110 appearances**

- **2026** 7 rounds
- **Oct** **[Mintive](https://millionrounds.com/company/mintive)** Seed · FR · Leap Ventures **$7.0M** *Led*
- **Oct** **[CarbonAI](https://millionrounds.com/company/carbonai)** US · Pulse 2.0 **$12M** *Led*
- **May** **[Eisen](https://millionrounds.com/company/eisen)** Series A · US · Ventureburn **$10M** With 4 others
- **May** **[Basata](https://millionrounds.com/company/basata)** Series A · US · Ventureburn **$21M** With 4 others
- **Apr** **[Petual](https://millionrounds.com/company/petual)** Seed · US **$20M** With 4 others
- **Mar** **[Standard Kernel](https://millionrounds.com/company/standard-kernel)** Seed · US · Ventureburn **$20M** With 9 others
- **Mar** **[Continuum](https://millionrounds.com/company/continuum)** Venture · CA **$7.2M** With 2 others
- **2025** 3 rounds
- **Oct** **[Contra](https://millionrounds.com/company/contra)** Venture · US **$740K** With 4 others
- **Jun** **[Palla](https://millionrounds.com/company/palla)** Series A · LatamList **$15M** With 10 others
- **Jan** **[CapStack Technologies](https://millionrounds.com/company/capstack-technologies)** Venture · US **Undisclosed** With 4 others
- **2024** 5 rounds
- **Oct** **[GetSetUp](https://millionrounds.com/company/getsetup)** Grant · US **$36K** With 2 others
- **Sept** **[Portex](https://millionrounds.com/company/portex)** Seed · US **$6.3M** With 2 others
- **Jul** **[Arcol](https://millionrounds.com/company/arcol)** Venture · US **Undisclosed** With 1 other
- **Jan** **[Aura Health](https://millionrounds.com/company/aura-health)** Venture · US **$6.2M** With 3 others
- **Jan** **[Fullcast.io](https://millionrounds.com/company/fullcast-io)** Debt · US **$4.0M** With 3 others
- **2023** 4 rounds
- **Nov** **[Mon Ami](https://millionrounds.com/company/mon-ami)** Seed · US **$3.4M** With 5 others
- **Feb** **[Samooha](https://millionrounds.com/company/samooha)** Series A · US **$13M** Sole investor
- **Jan** **[ChartHop](https://millionrounds.com/company/charthop)** Series C · US **$20M** With 3 others
- **Jan** **[Mobile.dev](https://millionrounds.com/company/mobile-dev)** Venture · US **Undisclosed** With 3 others
- **2022** 9 rounds
- **Dec** **[Vic.ai](https://millionrounds.com/company/vic-ai)** Series C · US **$52M** With 4 others
- **Oct** **[Getaway](https://millionrounds.com/company/getaway)** Seed · US **$4.4M** With 2 others
- **Oct** **[Tally](https://millionrounds.com/company/tally)** Series D · US **$80M** With 4 others
- **Aug** **[Hone](https://millionrounds.com/company/hone)** Series B · AU **$30M** With 3 others
- **May** **[LaunchNotes](https://millionrounds.com/company/launchnotes)** Series A · US **$15M** With 2 others
- **May** **[Planet FWD](https://millionrounds.com/company/planet-fwd)** Series A · US **$10M** With 5 others
- **Jan** **[Textio](https://millionrounds.com/company/textio)** Venture · US **$1.0M** With 5 others
- **Jan** **[Aviso](https://millionrounds.com/company/aviso)** Series B · US **$14M** With 5 others
- **Jan** **[Byteboard](https://millionrounds.com/company/byteboard)** Seed · US **$5.0M** With 2 others
- **2021** 8 rounds
- **Dec** **[Passbase](https://millionrounds.com/company/passbase)** Series A · DE **$10M** With 4 others
- **Nov** **[SVT Robotics](https://millionrounds.com/company/svt-robotics)** Series A · US **$25M** With 3 others
- **Sept** **[NakedPoppy](https://millionrounds.com/company/nakedpoppy)** Seed · US **$2.7M** With 4 others
- **Aug** **[Brandless](https://millionrounds.com/company/brandless)** Growth · US **$118M** With 5 others
- **Jul** **[Maestro](https://millionrounds.com/company/maestro)** Seed · US **$3.0M** With 1 other
- **May** **[LumaTax](https://millionrounds.com/company/lumatax)** Venture **$4.0M** With 5 others
- **Feb** **[The Landing](https://millionrounds.com/company/the-landing)** Seed **$2.5M** With 2 others
- **Feb** **[NEWNESS](https://millionrounds.com/company/newness)** Seed **$3.5M** With 2 others
- **2020** 1 round
- **Jul** **[effx](https://millionrounds.com/company/effx)** Seed **$3.9M** With 2 others
- **2019** 9 rounds
- **Oct** **[Natalist](https://millionrounds.com/company/natalist)** Seed · US · FinSMEs **$5.0M** *Led*
- **Oct** **[Mon Ami](https://millionrounds.com/company/mon-ami)** Seed · US · FinSMEs **$3.4M** *Led*
- **Sept** **[Passbase](https://millionrounds.com/company/passbase)** Seed · US · TechCrunch **$3.6M** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

AW **Aileen W Lee** Managing Director of the Managing Member i Filing they signed

TW **Ted Wang** Managing Director of the Managing Member i Filing they signed

We also hold **17** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$635M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Cowboy Capital, LLC
- **SEC number:** CRD 165571

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Librato](https://millionrounds.com/company/librato)** Bought by SolarWinds **$40M** Jan 2015

**[One Jackson](https://millionrounds.com/company/one-jackson)** Bought by TaskRabbit **Undisclosed** Nov 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$76M**

raised in Nov 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$10M** the round, not its cheque Alone, median **$13M**

Led 7 of 110 rounds **6%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Seed said *43*
- Series A said *28*
- Series B said *14*
- Venture *10*
- Series C *7*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 10
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 8
- [Baseline Ventures](https://millionrounds.com/fund/baseline-ventures) 7
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 7
- [Felicis](https://millionrounds.com/fund/felicis-ventures) 6
- [Harrison Metal](https://millionrounds.com/fund/harrison-metal) 6

**Pitching Cowboy Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cowboy Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**First Round Capital** VC firm **10** rounds together](https://millionrounds.com/fund/first-round-capital)[**Kleiner Perkins Caufield & Byers** VC firm **8** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Baseline Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/baseline-ventures)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**Felicis** VC firm **6** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Harrison Metal** VC firm **6** rounds together](https://millionrounds.com/fund/harrison-metal)[**Slow Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/slow-ventures)[**Andreessen Horowitz** VC firm **5** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Bloomberg Beta** VC firm **5** rounds together](https://millionrounds.com/fund/bloomberg-beta)[**CRV** VC firm **5** rounds together](https://millionrounds.com/fund/crv)[**Forerunner Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/forerunner-ventures)[**Shasta Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/shasta-ventures)

## Recently backed

The latest companies Cowboy Ventures put money into.

[**Basata** $21M · May 2026](https://millionrounds.com/company/basata)[**Petual** $20M · Apr 2026](https://millionrounds.com/company/petual)[**Continuum** $7.2M · Mar 2026](https://millionrounds.com/company/continuum)[**Contra** $740K · Oct 2025](https://millionrounds.com/company/contra)[**CapStack Technologies** Jan 2025](https://millionrounds.com/company/capstack-technologies)[**GetSetUp** $36K · Oct 2024](https://millionrounds.com/company/getsetup)

## On podcasts

4 episodes naming Cowboy Ventures in the title, and 4 more that mention it.

- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 7 Oct 2022 · 23 min SaaStr 597: VC State of the Market with SaaStr CEO Jason Lemkin and Cowboy Ventures Founder & Managing Partner Aileen Lee With [Aileen Lee](https://millionrounds.com/person/aileen-lee) Mentions [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 25 Jun 2020 · 19 min SaaStr 346: What Nobody Tells You About Seed Investing, The Inside Scoop with Aileen Lee of Cowboy Ventures and Jason Lemkin of SaaStr With [Aileen Lee](https://millionrounds.com/person/aileen-lee) Mentions [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 15 Oct 2019 · 54 min E988: Aileen Lee, Founder & Managing Partner of Cowboy Ventures, pioneered actionable change to diversify tech & VC, shares early days innovating in e-commerce, insights on current funding landscape, dangers of prioritized growth over sustainability, & le With [Aileen Lee](https://millionrounds.com/person/aileen-lee) Mentions [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures)[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)[SoftBank](https://millionrounds.com/fund/softbank-2) *+1* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 17 Dec 2018 · 33 min 20VC: A Framework For Approaching Risk and How It Affects Portfolio Construction | Lessons and Advice From Working with Dropbox's Drew Houston | Why Being A Learning Animal Is The Most Important Factor For Success with Ted Wang, Partner @ Cowboy Ventures With [Ted Wang](https://millionrounds.com/person/ted-wang) Mentions [Cowboy Ventures](https://millionrounds.com/fund/cowboy-ventures)[Drew Houston](https://millionrounds.com/fund/drew-houston)[Fenwick & West](https://millionrounds.com/fund/fenwick-and-west) *+1* Apple PodcastsShow page

### Mentioned in

- [This Week in Fintech](https://millionrounds.com/podcasts/this-week-in-fintech) 20 Aug 2025 · 37 min 🎧The Fintech OG Series: Jillian Williams and Dimitri Dadiomov Apple Podcasts
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 22 Jul 2025 · 35 min VC Aileen Lee Still Sees the Most Promise in Mundane Tech (Re-Release) Apple Podcasts
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 11 Mar 2025 · 35 min VC Aileen Lee Still Sees the Most Promise in Mundane Tech Apple Podcasts
- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 1 May 2024 · 45 min Braughm Ricke of Aduro Advisors - building a fund administration business Apple PodcastsShow page

## Quick answers about Cowboy Ventures

### What does Cowboy Ventures invest in?

Cowboy Ventures invests most often at Seed and Series A (70% of the rounds on record), in sectors such as Enterprise, Fintech and Dev Tools.

### How active is Cowboy Ventures?

110 investments on record, 7 of them in the last 12 months, and it led 7. The most recent was in Oct 2026.

### What has Cowboy Ventures invested in recently?

Its most recent investments on record: Mintive (Seed, Oct 2026), CarbonAI (Undisclosed round, Oct 2026) and Eisen (Series A, May 2026).

### How big are Cowboy Ventures's cheques?

The median round it joins is $10M. It says it writes cheques of $100K to $5.0M.

### Does Cowboy Ventures lead rounds?

Sometimes: it led 7 of its 110 investments on record (6%).

### Where does Cowboy Ventures invest?

Most of the companies it backs are in the United States (89%).

### Is Cowboy Ventures investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does Cowboy Ventures invest alongside?

Most often First Round Capital (10 rounds together), Kleiner Perkins Caufield & Byers (8 rounds together) and Baseline Ventures (7 rounds together).

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