# Max Ventures: portfolio, investments and team

> Max Ventures is a vc firm. 51 investments on record, 6 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/max-ventures-2 (Millionrounds; every figure on the page links to its filing or article)

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

# Max Ventures

Last cheque observed Oct 2026; 51 cheques on record.

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Deploying now New fund $36M, Sept 2024 VC firm

Venture Seed Series A Venture Capital & Private Equity

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Deploying now

**60%** of best year **6** **cheques in 12 months**, 51 on record

Since the last cheque **15** days **00** hrs **00** min **00** sec

Median round **$8.5M** Rounds led **0 of 51** Sole investor **3 rounds** Exits **1 from the portfolio** Mostly in **United States, 81%**

Pitch Max Ventures

Another investor of this name exists, and we could not establish from the rounds which of them the press meant. Treat the record below as possibly belonging to either. [Tell us which](https://millionrounds.com/corrections?slug=max-ventures-2) if you know.

## Max Ventures highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Venture and Seed: 50% of its rounds
- 03 Sole investor in 3 rounds, median $2.0M
- 04 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **51 appearances**

- **2026** 6 rounds
- **Oct** **[CarbonAI](https://millionrounds.com/company/carbonai)** US · Pulse 2.0 **$12M** With 3 others
- **Jul** **[Cast Insights](https://millionrounds.com/company/cast-insights)** Pre-seed · US **$4.5M** With 2 others
- **Mar** **[UnityAI](https://millionrounds.com/company/unityai)** Series A · US **$8.5M** With 2 others
- **Feb** **[Equal Parts](https://millionrounds.com/company/equal-parts)** Series A · US **$23M** Sole investor
- **Jan** **[Cecil](https://millionrounds.com/company/cecil)** Venture · AU **Undisclosed** With 2 others
- **Jan** **[Barnwell Bio](https://millionrounds.com/company/barnwell-bio)** Seed · US **$6.0M** With 2 others
- **2025** 7 rounds
- **Oct** **[Belidor](https://millionrounds.com/company/belidor)** Pre-seed · US **$3.1M** With 3 others
- **Sept** **[Hello Patient](https://millionrounds.com/company/hello-patient)** Series A · US **$23M** With 5 others
- **Aug** **[Elion](https://millionrounds.com/company/elion)** Seed · US · AlleyWatch **$9.3M** With 9 others
- **Jul** **[Sindri](https://millionrounds.com/company/sindri)** Pre-seed · US **$2.0M** With 1 other
- **Jun** **[Button](https://millionrounds.com/company/button)** Venture · US **Undisclosed** With 5 others
- **Jun** **[Certify](https://millionrounds.com/company/certify)** Series B · US **$40M** With 3 others
- **Mar** **[Vori Health](https://millionrounds.com/company/vori-health)** Series B · US **$53M** With 4 others
- **2024** 8 rounds
- **Nov** **[Zoomcar](https://millionrounds.com/company/zoomcar)** **$9.2M** With 4 others
- **Oct** **[Sana](https://millionrounds.com/company/sana)** Series C · SE **$55M** With 3 others
- **Sept** **[Andrena](https://millionrounds.com/company/andrena)** Venture · US **Undisclosed** With 7 others
- **Jul** **[Heartbeat Health](https://millionrounds.com/company/heartbeat-health)** Series C · US **$25M** With 4 others
- **Jun** **[Adonis](https://millionrounds.com/company/adonis)** Series B · US · Point72 Ventures **$31M** With 7 others
- **Jun** **[WEVR](https://millionrounds.com/company/wevr)** Venture · US **$3.5M** With 3 others
- **Apr** **[Ollie](https://millionrounds.com/company/ollie)** Series D · US **$21M** With 5 others
- **Jan** **[Carla](https://millionrounds.com/company/carla)** Venture · SE **Undisclosed** With 2 others
- **2023** 6 rounds
- **Aug** **[Sylvan Health](https://millionrounds.com/company/sylvan-health)** Seed · US **$4.1M** With 1 other
- **Jun** **[ClimateView](https://millionrounds.com/company/climateview)** Series A · SE **$15M** With 4 others
- **May** **[Yachtdrop](https://millionrounds.com/company/yachtdrop)** Pre-seed · GB **$109K** Sole investor
- **Apr** **[kencko](https://millionrounds.com/company/kencko)** Crowdfunding · US **$201K** With 2 others
- **Apr** **[Material](https://millionrounds.com/company/material)** Venture · US **Undisclosed** With 3 others
- **Feb** **[CuraFi](https://millionrounds.com/company/curafi)** Seed · US **$5.0M** With 1 other
- **2022** 8 rounds
- **Aug** **[Minerva Knows](https://millionrounds.com/company/minerva-knows)** Venture · US **Undisclosed** With 2 others
- **Aug** **[Eden Health](https://millionrounds.com/company/eden-health)** Venture · US **Undisclosed** With 7 others
- **Aug** **[Properly](https://millionrounds.com/company/properly)** Series B · CA **$28M** With 6 others
- **Jun** **[Innerwell](https://millionrounds.com/company/innerwell)** Pre-seed · US **$3.0M** With 2 others
- **May** **[Perry Health](https://millionrounds.com/company/perry-health)** Series A · US **$24M** With 1 other
- **May** **[Relay Commerce](https://millionrounds.com/company/relay-commerce)** Debt · US **$20M** With 4 others
- **Mar** **[AutoFi](https://millionrounds.com/company/autofi)** Series C · US **$85M** With 4 others
- **Mar** **[Kaiyo](https://millionrounds.com/company/kaiyo)** Series B · US **$36M** With 4 others
- **2021** 6 rounds
- **Nov** **[Mosaic Foods](https://millionrounds.com/company/mosaic-foods)** Seed · US **$6.0M** With 4 others
- **Oct** **[Toolio](https://millionrounds.com/company/toolio)** Series A · US **$8.0M** With 2 others
- **Jul** **[Starmony](https://millionrounds.com/company/starmony)** Seed · SE **$3.4M** With 2 others
- **Jun** **[House of Wise](https://millionrounds.com/company/house-of-wise)** Seed **$2.0M** Sole investor
- **Jun** **[Remedy Logic](https://millionrounds.com/company/remedy-logic)** Seed **$4.5M** With 3 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 **3 named**

HR **Hugo Ryan Stenbeck** Member of the General Partner i Filing they signed

JR **Joseph Ryan Darnell** Manager of the General Partner i Filing they signed

SR **Sophie Ryan Stenbeck** Member of the General Partner i Filing they signed

We also hold **5** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[AlphaDraft](https://millionrounds.com/company/alphadraft)** Bought by FanDuel **Undisclosed** Sept 2015

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

New fund on file

**$36M**

raised in Sept 2024

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

## The cheque

Venture Seed Series A

Median round joined **$8.5M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 51 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *12*
- Seed *11*
- Series A *8*
- Pre-seed *6*
- Series B *5*
- Series C *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 11
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 9
- [FJ Labs](https://millionrounds.com/fund/fj-labs) 8
- [AlleyCorp](https://millionrounds.com/fund/alleycorp) 5
- [Greycroft](https://millionrounds.com/fund/greycroft) 5
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 4

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## Who they invest alongside

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

[**Lerer Hippeau** VC firm **11** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**Y Combinator** Accelerator **9** rounds together](https://millionrounds.com/fund/y-combinator)[**FJ Labs** VC firm **8** rounds together](https://millionrounds.com/fund/fj-labs)[**AlleyCorp** Venture studio **5** rounds together](https://millionrounds.com/fund/alleycorp)[**Greycroft** VC firm **5** rounds together](https://millionrounds.com/fund/greycroft)[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Correlation Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/correlation-ventures)[**Almi Invest** VC firm **3** rounds together](https://millionrounds.com/fund/almi-invest)[**Bling Capital** VC firm **3** rounds together](https://millionrounds.com/fund/bling-capital)[**Eniac Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/eniac-ventures)[**New Enterprise Associates** VC firm **3** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Slow Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/slow-ventures)

## Recently backed

The latest companies Max Ventures put money into.

[**Cast Insights** $4.5M · Jul 2026](https://millionrounds.com/company/cast-insights)[**UnityAI** $8.5M · Mar 2026](https://millionrounds.com/company/unityai)[**Equal Parts** $23M · Feb 2026](https://millionrounds.com/company/equal-parts)[**Cecil** Jan 2026](https://millionrounds.com/company/cecil)[**Barnwell Bio** $6.0M · Jan 2026](https://millionrounds.com/company/barnwell-bio)[**Belidor** $3.1M · Oct 2025](https://millionrounds.com/company/belidor)

## On podcasts

1 episode naming Max Ventures in the title, and 2 more that mention it.

- [VC10X](https://millionrounds.com/podcasts/vc10x) 25 Nov 2022 · 27 min VC10X - How to get your startup funded by the government? w/ Matthew Weinberg, Partner, Max Ventures With [Matthew Weinberg](https://millionrounds.com/person/matthew-weinberg) Mentions [Max Ventures](https://millionrounds.com/fund/max-ventures-2) Apple PodcastsShow page

### Mentioned in

- [Sourcery](https://millionrounds.com/podcasts/sourcery) 4 Sept 2025 · 55 min Fired by Elon, Meta & Wendy’s, Now Raising Millions for Hello Patient Apple PodcastsShow page
- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 4 Mar 2020 · 40 min Don Stalter and Ryan Darnell on the Future of Innovation and ISAs Apple PodcastsShow page

## Quick answers about Max Ventures

### What does Max Ventures invest in?

Max Ventures invests most often at Venture and Seed (50% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Max Ventures?

51 investments on record, 6 of them in the last 12 months. The most recent was in Oct 2026.

### What has Max Ventures invested in recently?

Its most recent investments on record: CarbonAI (Undisclosed round, Oct 2026), Cast Insights (Pre-seed, Jul 2026) and UnityAI (Series A, Mar 2026).

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

The median round it joins is $8.5M.

### Does Max Ventures lead rounds?

Rarely, if at all: none of its 51 investments on record names it as the lead.

### Where does Max Ventures invest?

Most of the companies it backs are in the United States (81%) and Sweden (11%).

### Is Max Ventures investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Max Ventures invest alongside?

Most often Lerer Hippeau (11 rounds together), Y Combinator (9 rounds together) and FJ Labs (8 rounds together).

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