# Hanabi Capital: portfolio, investments and team > Hanabi Capital is a vc firm based in United States. 6 investments on record, 6 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/hanabi-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Hanabi Capital Last cheque observed Oct 2026; 6 cheques on record. Email Deploying now New fund, Aug 2026 VC firm Seed Series A Artificial Intelligence Software Infrastructure Follow Hanabi Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fhanabi-capital) Deploying now **100%** of best year **6** **cheques in 12 months**, 6 on record Since the last cheque **4** days **00** hrs **00** min **00** sec Median round **$100M** Rounds led **0 of 6** Mostly in **United States, 100%** Pitch Hanabi Capital ## Hanabi Capital highlights - 01 6 cheques in the last 12 months - 02 Mostly Series A and Series B: 83% of its rounds ## What they do > Hanabi is an early-stage venture capital firm based in Palo Alto, investing primarily in Artificial Intelligence and Software Infrastructure. From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Stages:** Seed Series A - **Sectors:** Artificial Intelligence Software Infrastructure - **Based in:** Palo Alto, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2026** 6 rounds - **Oct** **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · US · Wowtale **$100M** With 7 others - **Aug** **[Simile](https://millionrounds.com/company/simile)** Series B · US · TechCrunch **$200M** With 7 others - **Jun** **[Generalist AI](https://millionrounds.com/company/generalist-ai)** Series B · US · Ventureburn **$400M** With 13 others - **Feb** **[Simile](https://millionrounds.com/company/simile)** Series A · US · TechCrunch **$100M** With 7 others - **Jan** **[FLORA](https://millionrounds.com/company/flora)** Series A · US · TechCrunch **$42M** With 23 others - **Jan** **[LiveKit](https://millionrounds.com/company/livekit)** Growth · US · TechCrunch **$100M** With 6 others 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 **1 named** MV **Michelangelo Volpi** Managing Member of the General Partner i Filing they signed We also hold **3** 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. New fund on file **Raised** a new fund in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Median round joined **$100M** the round, not its cheque Led 0 of 6 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A said *3* - Series B *2* - Growth *1* - Seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Index Ventures](https://millionrounds.com/fund/index-ventures) 4 - [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch) 3 - [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) 2 - [Fei-Fei Li](https://millionrounds.com/fund/fei-fei-li) 2 - [Kevin Hartz](https://millionrounds.com/fund/a-star-co) 2 - [Redpoint](https://millionrounds.com/fund/redpoint) 2 **Pitching Hanabi Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Hanabi Capital. A count of rooms they were both in, not a relationship either has claimed. [**Index Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/index-ventures)[**Guillermo Rauch** VC firm **3** rounds together](https://millionrounds.com/fund/guillermo-rauch)[**Bain Capital Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/bain-capital-ventures)[**Fei-Fei Li** VC firm **2** rounds together](https://millionrounds.com/fund/fei-fei-li)[**Kevin Hartz** VC firm **2** rounds together](https://millionrounds.com/fund/a-star-co)[**Redpoint** VC firm **2** rounds together](https://millionrounds.com/fund/redpoint) ## Recently backed The latest companies Hanabi Capital put money into. [**Foundry Robotics** $100M · Oct 2026](https://millionrounds.com/company/foundry-robotics)[**Simile** $200M · Aug 2026](https://millionrounds.com/company/simile)[**LiveKit** $100M · Jan 2026](https://millionrounds.com/company/livekit) ## On podcasts 1 episode naming Hanabi Capital in the title. - [Uncapped](https://millionrounds.com/podcasts/uncapped) 10 Jun 2026 · 56 min Uncapped #52 | Mike Volpi from Hanabi Capital With [Mike Volpi](https://millionrounds.com/person/mike-volpi) Mentions [Hanabi Capital](https://millionrounds.com/fund/hanabi-capital) Apple PodcastsShow page ## Quick answers about Hanabi Capital ### What does Hanabi Capital invest in? Hanabi Capital invests most often at Series A and Series B (83% of the rounds on record), in sectors such as Artificial Intelligence and Software Infrastructure. ### How active is Hanabi Capital? 6 investments on record, 6 of them in the last 12 months. The most recent was in Oct 2026. ### What has Hanabi Capital invested in recently? Its most recent investments on record: Foundry Robotics (Series A, Oct 2026), Simile (Series B, Aug 2026) and Generalist AI (Series B, Jun 2026). ### How big are Hanabi Capital's cheques? The median round it joins is $100M. ### Does Hanabi Capital lead rounds? Rarely, if at all: none of its 6 investments on record names it as the lead. ### Where does Hanabi Capital invest? Most of the companies it backs are in the United States (100%). ### Is Hanabi Capital investing now? Yes: it is actively investing, with 6 investments in the last 12 months. ### Who does Hanabi Capital invest alongside? Most often Index Ventures (4 rounds together), Guillermo Rauch (3 rounds together) and Bain Capital Ventures (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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