# Metastable: angel investments and portfolio

> Metastable is an angel based in United States. 8 investments on record, 1 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

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

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

# Metastable

Last cheque observed Mar 2026; 8 cheques on record.

Deploying now New fund $13M, Oct 2018 Angel

Seed Series B

Deploying now

**100%** of best year **1** **cheques in 12 months**, 8 on record

Since the last cheque **231** days **00** hrs **00** min **00** sec

Median round **$25M** Cheque size, as they say **$3.0M – $30M** Rounds led **0 of 8** Exits **3 from the portfolio** Mostly in **United States, 57%**

Pitch Metastable

## Metastable highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 3 exits from the portfolio

## What they do

- **Type:** Angel (from a list, unverified)
- **Cheque size:** $3.0M – $30M as they say
- **Stages:** Seed Series B
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 1 round
- **Mar** **[Zodl](https://millionrounds.com/company/zodl)** Seed · Ventureburn **$25M** With 7 others
- **2012** 2 rounds
- **Sept** **[Cabify](https://millionrounds.com/company/cabify)** Series A · ES · finsmes.com **$2.0M** With 3 others
- **Sept** **[Cabify](https://millionrounds.com/company/cabify)** Seed · ES **$3.0M** With 5 others
- **2008** 2 rounds
- **Aug** **[Jambool](https://millionrounds.com/company/jambool)** Series A · US · insidefacebook.com **$1.0M** With 2 others
- **Mar** **[WeGame](https://millionrounds.com/company/wegame)** Series A · US · blog.launch.co **$3.0M** With 6 others
- **2007** 3 rounds
- **Oct** **[Mesmo.tv](https://millionrounds.com/company/mesmo-tv)** Series A · GB · techcrunch.com **$900K** With 7 others
- **Oct** **[WeGame](https://millionrounds.com/company/wegame)** Seed · US · dmwmedia.com **$500K** With 1 other
- **Sept** **[DotSpots](https://millionrounds.com/company/dotspots)** Seed · US **$300K** With 1 other

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**

JS **Joshua Seims** Managing Director of the Investment Manager i Filing they signed

LR **Lucas Ryan** Managing Director of the Investment Manager i Filing they signed

We also hold **1** person 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 they claim to have backed

From their own portfolio page (on their website)

**0** of 6 we have independently watched raise

2024/2025 Crypto Compensation Dragonfly’s Dragonfly’s State of Press Kit Stablecoin Payments from The Agentic Economy

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[WeGame](https://millionrounds.com/company/wegame)** Bought by if(we) **Undisclosed** Sept 2011

**[Jambool](https://millionrounds.com/company/jambool)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$70M** Aug 2010

**[Mesmo.tv](https://millionrounds.com/company/mesmo-tv)** Bought by GSN **Undisclosed** May 2010

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

New fund on file

**$13M**

raised in Oct 2018

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

## The cheque

Seed Series B

Median round joined **$25M** the round, not its cheque

Led 0 of 8 rounds **0%**

- **Said size:** $3.0M – $30M
- **Sole investor:** Never alone
- **Last cheque:** Mar 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Seed said *4*
- Series A *4*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Felicis](https://millionrounds.com/fund/felicis-ventures) 2
- [RESOLUTE Partners LLC](https://millionrounds.com/fund/resolute-partners-llc) 2
- [Softtech VC](https://millionrounds.com/fund/softtech-vc) 2
- [True Ventures](https://millionrounds.com/fund/true-ventures) 2
- [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) 2

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## Who they invest alongside

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

[**Felicis** VC firm **2** rounds together](https://millionrounds.com/fund/felicis-ventures)[**RESOLUTE Partners LLC** VC firm **2** rounds together](https://millionrounds.com/fund/resolute-partners-llc)[**Softtech VC** VC firm **2** rounds together](https://millionrounds.com/fund/softtech-vc)[**True Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/true-ventures)[**Winklevoss Capital** Family office **2** rounds together](https://millionrounds.com/fund/winklevoss-capital)

## Quick answers about Metastable

### What does Metastable invest in?

Metastable invests most often at Seed and Series A (100% of the rounds on record).

### How active is Metastable?

8 investments on record, 1 of them in the last 12 months. The most recent was in Mar 2026.

### What has Metastable invested in recently?

Its most recent investments on record: Zodl (Seed, Mar 2026).

### How big are Metastable's cheques?

The median round it joins is $25M. It says it writes cheques of $3.0M to $30M.

### Does Metastable lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Metastable invest?

Most of the companies it backs are in the United States (57%), Spain (29%) and the United Kingdom (14%).

### Is Metastable investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Metastable invest alongside?

Most often Felicis (2 rounds together), RESOLUTE Partners LLC (2 rounds together) and Softtech VC (2 rounds together).

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