What does S32 invest in?
S32 invests most often at Series A and Series B (54% of the rounds on record), in sectors such as AI, Computational Biology and Physical AI.

United States · Investor
Last cheque observed Sep 2026; 85 cheques on record.
Deploying nowNew fund $414M, Sept 2025VC firm
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22 cheques in the last 12 months
Mostly Series A and Series B: 54% of its rounds
Sole investor in 4 rounds, median $33M
S32 is a high-conviction venture firm.From their own website
Every round we can evidence, newest first85 appearances
18 rounds
18 rounds
12 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 17 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
From their own portfolio page (on their website)
BasecampCohereCrowdstrikeDatabricksDeelEmaEndor LabsGustoInceptiveInfleqtionLegoraLinearNestNeuralinkNew LimitOhaloPhaidraSandboxAQScale AISlackSnorkelUberWhatnot8090Black Forest LabsCoinbasePhysical intelligencePrometheusRaya
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.
The investors most often in the same rounds as S32. A count of rooms they were both in, not a relationship either has claimed.
The latest companies S32 put money into.
S32 invests most often at Series A and Series B (54% of the rounds on record), in sectors such as AI, Computational Biology and Physical AI.
85 investments on record, 22 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.
Its most recent investments on record: Ema (Series B, Sept 2026), BigHat Biosciences (Series C, Sept 2026) and Basecamp Research (Series C, Sept 2026).
The median round it joins is $40M.
Sometimes: it led 2 of its 85 investments on record (2%).
Most of the companies it backs are in the United States (82%), the United Kingdom (5%) and Israel (5%).
Yes: it is actively investing, with 22 investments in the last 12 months.
Most often Catalio Capital Management (8 rounds together), Alumni Ventures (7 rounds together) and Andreessen Horowitz (7 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