United States · Investor

S32

Last cheque observed Sep 2026; 85 cheques on record.

Deploying nowNew fund $414M, Sept 2025VC firm

Series ASeries BVentureAIComputational BiologyPhysical AI

Deploying now
88%of best year22cheques in 12 months, 85 on record
Since the last cheque37days00hrs00min00sec
Median round$40MRounds led2 of 85Sole investor4 roundsMostly inUnited States, 82%
Pitch S32

S32 highlights

  1. 01

    22 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 54% of its rounds

  3. 03

    Sole investor in 4 rounds, median $33M

What they do

S32 is a high-conviction venture firm.From their own website
Type
VC firm
Cheque size
Not stated
Sectors
AIComputational BiologyPhysical AI
Based in
Sunnyvale, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first85 appearances

  1. 2026

    18 rounds

  2. Sept
    EmaSeries B · US · Inc42$77MWith 6 others
  3. Sept
    BigHat BiosciencesSeries C · US · Kevin Moore$75MWith 4 others
  4. Sept
    Basecamp ResearchSeries C · GB · Ventureburn$140MLed
  5. Sept
    Snorkel AIGrowth · US · Blumberg Capital$350MLed
  6. Sept
    EmpirikSeed · US$21MWith 4 others
  7. Sept
    SciFinSeed · US · Madrona Venture Group$38MWith 3 others
  8. Sept
    CelularityDebt · US$10MWith 2 others
  9. Sept
    updocGrant · AU$9.2MWith 4 others
  10. Aug
    Network BioUS · Ventureburn$50MWith 7 others
  11. Aug
    Faro AISeries B · US$37MWith 3 others
  12. Aug
    LinearSecondary · US$99MWith 4 others
  13. May
    Relay TherapeuticsUS$275MWith 3 others
  14. Mar
    AutoScienceSeed · Ventureburn$14MWith 4 others
  15. Mar
    RunSybilSeed · US · TechStartups$40MWith 6 others
  16. Jan
    OuttakeSeries B · US · TechCrunch$40MWith 11 others
  17. Jan
    PomeloSeries C · AR · Contxto$55MWith 11 others
  18. Jan
    Humans&Seed · US · Crunchbase News$480MWith 13 others
  19. Jan
    DaveVenture · USUndisclosedWith 5 others
  20. 2025

    18 rounds

  21. Dec
    CelularityDebt · US$10MWith 1 other
  22. Dec
    SandboxAQVenture · USUndisclosedWith 3 others
  23. Nov
    Aspen NeuroscienceSeries C · US · Ventureburn$115MWith 9 others
  24. Nov
    Beacon BiosignalsSeries B · US$86MWith 8 others
  25. Oct
    PhaidraSeries B · US$50MWith 4 others
  26. Oct
    Manifold BioGrant · US$1.0MWith 3 others
  27. Oct
    OctaveVenture · USUndisclosedWith 3 others
  28. Sept
    Character BiosciencesSeries B · US$17MWith 4 others
  29. Sept
    Sola SecuritySeries A · IL$35MSole investor
  30. Jul
    Character BiosciencesSeries B · US · Jefferson Life Sciences$93MWith 7 others
  31. Jun
    Owl AISeed · US$11MWith 2 others
  32. May
    Inductive BioSeries A · US · AlleyWatch$25MWith 7 others
  33. Apr
    Endor LabsSeries B · US · TechCrunch$93MWith 8 others
  34. Mar
    OctaveSeries C · US$32MWith 2 others
  35. Mar
    Arbor BiotechnologiesSeries C · US$74MWith 6 others
  36. Mar
    Sola SecuritySeed · IL$30MSole investor
  37. Feb
    Network BioSeed · US$17MWith 3 others
  38. Feb
    MedCryptDebt · US$8.3MWith 4 others
  39. 2024

    12 rounds

  40. Nov
    MeatableNL · Silicon CanalsUndisclosedWith 3 others
  41. Nov
    MetaphysicSeries A · GB$18MWith 2 others
  42. Nov
    AlectorDebt · US$50MWith 5 others
  43. Oct
    TollBitSeries A · US$24MWith 5 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 registration3 named

NCNina Carelli LabattCOO & CFOiForm ADV
RARobert Andrew HarrisonCEOiForm ADV
WJWilliam J. MarisManaging Member of the General PartneriFiling they signed

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.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.5Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Section 32, LLC
SEC number
CRD 288739

What they claim to have backed

From their own portfolio page (on their website)

23 of 29 we have independently watched raise

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.

Who they invest alongside

The investors most often in the same rounds as S32. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies S32 put money into.

Quick answers about S32

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.

How active is S32?

85 investments on record, 22 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

What has S32 invested in recently?

Its most recent investments on record: Ema (Series B, Sept 2026), BigHat Biosciences (Series C, Sept 2026) and Basecamp Research (Series C, Sept 2026).

How big are S32's cheques?

The median round it joins is $40M.

Does S32 lead rounds?

Sometimes: it led 2 of its 85 investments on record (2%).

Where does S32 invest?

Most of the companies it backs are in the United States (82%), the United Kingdom (5%) and Israel (5%).

Is S32 investing now?

Yes: it is actively investing, with 22 investments in the last 12 months.

Who does S32 invest alongside?

Most often Catalio Capital Management (8 rounds together), Alumni Ventures (7 rounds together) and Andreessen Horowitz (7 rounds together).

Raising now?

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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