United States · Investor

Initialized Capital

Last cheque observed Oct 2026; 229 cheques on record.

Deploying nowNew fund $5.0M, Sept 2026VC firm

Pre-seedSeedSeries ASoftwareSaaSCollaboration Tools

Deploying now
59%of best year17cheques in 12 months, 229 on record
Since the last cheque21days00hrs00min00sec
Median round$6.9MCheque size, as they say$1.0M – $7.0MRounds led13 of 229Sole investor11 roundsExits2 from the portfolioMostly inUnited States, 93%
Pitch Initialized Capital

Initialized Capital highlights

  1. 01

    17 cheques in the last 12 months

  2. 02

    Mostly Seed and Series A: 70% of its rounds

  3. 03

    Sole investor in 11 rounds, median $4.5M

  4. 04

    2 exits from the portfolio

What they do

We provide seed stage founders, from enterprise SaaS to sustainability, health to hard tech, artificial intelligence to infrastructure, consumer to crypto, with the tools to build companies and navigate the venture landscape.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$1.0M – $7.0M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
SoftwareSaaSCollaboration Tools
Based in
San Francisco, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first229 appearances

  1. 2026

    12 rounds

  2. Oct
    SabiSeed · US · Trending Topics$50MWith 6 others
  3. Sept
    Hop AeroSeed · US · Google News search$11MLed
  4. Sept
    RobocurveSeed · US$10MWith 3 others
  5. Jul
    PicogridGrant · US$114KWith 4 others
  6. Apr
    10x ScienceVenture · USUndisclosedWith 1 other
  7. Apr
    AlienPre-seed · US$7.1MWith 2 others
  8. Apr
    Valar AtomicsSeries B · US · Ventureburn$450MWith 4 others
  9. Mar
    EsperVenture · USUndisclosedWith 4 others
  10. Feb
    The Bland CompanyPre-seed · GB$2.7MWith 4 others
  11. Feb
    SeamflowSeed · US$4.5MWith 3 others
  12. Feb
    AdQuickVenture · US$20MWith 3 others
  13. Jan
    PicogridVenture · USUndisclosedWith 3 others
  14. 2025

    29 rounds

  15. Dec
    PermitFlowSeries B · US · AlleyWatch$54MWith 5 others
  16. Dec
    Feanix BiotechnologiesSeed · US$5.3MWith 3 others
  17. Dec
    Guide LabsSeed · US$9.0MWith 3 others
  18. Dec
    Crewline AISeed · US$7.1MWith 1 other
  19. Nov
    Valar AtomicsSeries A · US · TechStartups$130MWith 9 others
  20. Oct
    RoutefusionSeries A · US · Crunchbase News$27MWith 5 others
  21. Sept
    DeepNightVenture · USUndisclosedWith 2 others
  22. Sept
    TiLTSeed · US$7.1MWith 8 others
  23. Aug
    GarageSeries A · US · TechCrunch$14MWith 5 others
  24. Aug
    Orbital OperationsSeed · US$8.8MWith 5 others
  25. Jul
    GreptileSeries A · US · TechCrunch$30MWith 4 others
  26. Jul
    ZeroEntropySeed · US · TechCrunch$4.2MLed
  27. Jul
    AlixSeries A · US$20MWith 4 others
  28. Jun
    Pano AISeries B · US · Startup Daily$44MWith 8 others
  29. Jun
    ATOMSPre-seed · EG · Disrupt Africa$1.2MWith 5 others
  30. Jun
    RosebudSeed · US · TechCrunch$6.0MWith 5 others
  31. Jun
    DiggerSeed · US$3.6MWith 5 others
  32. Jun
    HandoffVenture · US$5.8MWith 5 others
  33. Apr
    IUNUSeries B · US$20MWith 3 others
  34. Apr
    NoScrubs Laundry DeliveryPre-seed · US$2.0MSole investor
  35. Apr
    ArenaSeries B · US$30MWith 3 others
  36. Apr
    JupeSeed · US$1.1MWith 5 others
  37. Apr
    CofertilitySeries A · US$7.3MWith 2 others
  38. Mar
    Modulo BioSeed · US$4.8MWith 4 others
  39. Feb
    Mindstate Design LabsVenture · USUndisclosedWith 2 others
  40. Feb
    Lingo.devSeed · US$4.2MWith 1 other
  41. Feb
    DeepNightSeed · US$5.5MWith 3 others
  42. Jan
    SpaceiumSeed · CA · TechCrunch$6.3MLed

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 registration6 named

AOAlexis OhanianExecutive OfficeriFiling they signed
BGBrett GibsonManaging Member of the General PartneriFiling they signed
GTGarry TanExecutive OfficeriFiling they signed
HTHarjeet TaggarExecutive OfficeriFiling they signed
LMLivingston MillerGeneral Counsel and Chief Operating OfficeriForm ADV
MLMarinda LukChief Financial OfficeriForm ADV

We also hold 23 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

$3.1Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Initialized Capital Management, LLC
SEC number
CRD 170329

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

EeroBought by Amazon$97MFeb 2019
ExecBought by HandyUndisclosedJan 2014

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

Who they invest alongside

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

Recently backed

The latest companies Initialized Capital put money into.

Quick answers about Initialized Capital

What does Initialized Capital invest in?

Initialized Capital invests most often at Seed and Series A (70% of the rounds on record), in sectors such as Software, SaaS and Collaboration Tools.

How active is Initialized Capital?

229 investments on record, 17 of them in the last 12 months, and it led 13. The most recent was in Oct 2026.

What has Initialized Capital invested in recently?

Its most recent investments on record: Sabi (Seed, Oct 2026), Hop Aero (Seed, Sept 2026) and Robocurve (Seed, Sept 2026).

How big are Initialized Capital's cheques?

The median round it joins is $6.9M. It says it writes cheques of $1.0M to $7.0M.

Does Initialized Capital lead rounds?

Sometimes: it led 13 of its 229 investments on record (6%).

Where does Initialized Capital invest?

Most of the companies it backs are in the United States (93%).

Is Initialized Capital investing now?

Yes: it is actively investing, with 17 investments in the last 12 months.

Who does Initialized Capital invest alongside?

Most often Y Combinator (92 rounds together), SV Angel (27 rounds together) and Andreessen Horowitz (20 rounds together).

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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