What does Haystack invest in?
Haystack invests most often at Seed and Series A (64% of the rounds on record), in sectors such as Software and Technology.

United States · Investor
Last cheque observed Sep 2026; 148 cheques on record.
Deploying nowNew fund $8.0M, Feb 2026VC firm
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25 cheques in the last 12 months
Mostly Seed and Series A: 64% of its rounds
Sole investor in 2 rounds, median $4.5M
3 exits from the portfolio
Haystack is an early stage venture capital firm.From their own website
Every round we can evidence, newest first148 appearances
20 rounds
19 rounds
19 rounds
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.
Named by the firm itself, on a filing, its Form ADV or its company registration3 named
We also hold 4 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.
From the firm's own filings with the SEC, which it must file accurately by law
Companies it backed that were later bought or listed3 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
The investors most often in the same rounds as Haystack. A count of rooms they were both in, not a relationship either has claimed.
The latest companies Haystack put money into.
6 episodes naming Haystack in the title, and 4 more that mention it.

How Semil Shah Built Haystack
WithSemil Shah
MentionsHaystack

EP 43: Semil Shah (Partner, Haystack) - The State of Venture, Investing in Figma, Hashicorp, Doordash and Almost Investing in Coinbase
WithSemil Shah
MentionsHaystack

20VC: Semil Shah on The Biggest Mistakes VCs and LPs Made Over the Last 24 Months, Why LP Churn is Coming, Core Lessons on Scaling from $1M Haystack Fund I to Today and How To Find, Win and Manage LPs as an Emerging Manager
WithSemil Shah
MentionsHaystackHunter WalkSatya Patel

Haystack's Semil Shah on building the firm from the ground up, portfolio models, and the state of VC today
WithSemil Shah
MentionsHaystackBullpen CapitalGGV Capital+1

20VC: Haystack's Semil Shah on Whether Founders Are Bypassing Seed Funds in Favour Of Less Dilutive Multi-Stage Funds, How Fund Strategy Changes With Fund Scaling & Why The Hardest Challenge is Price Discipline
WithSemil Shah

Semil Shah, Founder Haystack & Partner Lightspeed Venture Partners US
WithSemil Shah

Milos Rusic: CEO & Co-founder at deepset

Walk & Talk Episode: Semil Shah on AI Superteams, Meta’s Bold Moves, and Apple’s Missed Shots

How Jobs Will Change as AI Gets Better

Karri Saarinen, Sean Frank, Semil Shah, Dan Lorenc, Google's Earnings Power Holding Up Well, Intel Says Layoffs are in Store, The Relationship Between Netflix and The NFL, Elon's Friends Sell Access to Stakes in Private Companies
Haystack invests most often at Seed and Series A (64% of the rounds on record), in sectors such as Software and Technology.
148 investments on record, 25 of them in the last 12 months. The most recent was in Sept 2026.
Its most recent investments on record: Trebellar (Series A, Sept 2026), Polyphron (Seed, Sept 2026) and Synthefy (Seed, Aug 2026).
The median round it joins is $8.0M. It says it writes cheques of $250K to $1.5M.
Rarely, if at all: none of its 148 investments on record names it as the lead.
Most of the companies it backs are in the United States (93%) and Canada (8%).
Yes: it is actively investing, with 25 investments in the last 12 months.
Most often Y Combinator (26 rounds together), Lightspeed Venture Partners (12 rounds together) and Google Ventures (9 rounds together).
Find the investors who back rounds like yours, and keep every conversation on one fundraising board.
Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it