# Shrug Capital: portfolio, investments and team

> Shrug Capital is a vc firm based in United States. 68 investments on record, 6 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team.

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

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

# Shrug Capital

Last cheque observed May 2026; 68 cheques on record.

Email

Deploying now New fund $127K, Mar 2023 VC firm

Pre-seed Seed Series A Consumer B-to-c B2b2c

Follow Shrug Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fshrug-capital)

Deploying now

**40%** of best year **6** **cheques in 12 months**, 68 on record

Since the last cheque **183** days **00** hrs **00** min **00** sec

Median round **$8.0M** Cheque size, as they say **$100K – $300K** Rounds led **1 of 68** Sole investor **1 rounds** Mostly in **United States, 95%**

Pitch Shrug Capital

## Shrug Capital highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Seed and Series A: 65% of its rounds
- 03 Sole investor in 1 rounds, median $60M

## What they do

> Shrug has a unique perspective on early-stage ventures, they hustle like none other, and use their network to provide critical early leverage to their portfolio. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $300K as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Consumer B-to-c B2b2c
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **68 appearances**

- **2026** 3 rounds
- **May** **[Khloud](https://millionrounds.com/company/khloud)** Venture · US **$15M** With 2 others
- **Mar** **[Artemis](https://millionrounds.com/company/artemis)** Seed · US · Tribeca Venture Partners **$6.0M** With 5 others
- **Mar** **[Preemadonna](https://millionrounds.com/company/preemadonna)** US **$500K** With 4 others
- **2025** 15 rounds
- **Dec** **[Antares](https://millionrounds.com/company/antares)** Series B · US · TechCrunch **$96M** With 6 others
- **Dec** **[Aether Bio](https://millionrounds.com/company/aether-bio)** Venture · US **$15M** With 4 others
- **Nov** **[Mem](https://millionrounds.com/company/mem)** Series A · US **$650K** With 3 others
- **Oct** **[Snappr](https://millionrounds.com/company/snappr)** Series B · US **$28M** With 4 others
- **Oct** **[EnduroSat](https://millionrounds.com/company/endurosat)** Venture · BG **$104M** With 3 others
- **Sept** **[Rivet](https://millionrounds.com/company/rivet)** Venture · US **$5.1M** With 4 others
- **Jul** **[Varda Space Industries](https://millionrounds.com/company/varda-space-industries)** Series C · US · TechStartups **$187M** *Led*
- **Jul** **[Alt](https://millionrounds.com/company/alt)** Debt **$40M** With 6 others
- **Jun** **[ATOMS](https://millionrounds.com/company/atoms)** Pre-seed · EG · Disrupt Africa **$1.2M** With 5 others
- **Jun** **[Warp](https://millionrounds.com/company/warp)** Series A · US **$18M** With 3 others
- **Jun** **[Shinkei Systems](https://millionrounds.com/company/shinkei-systems)** Series A · US **$22M** With 4 others
- **Apr** **[Khloud](https://millionrounds.com/company/khloud)** Venture · US **$12M** With 2 others
- **Jan** **[Nucleus Genomics](https://millionrounds.com/company/nucleus-genomics)** Series A · US · TechCrunch **$14M** With 8 others
- **Jan** **[Mona Lee Solar](https://millionrounds.com/company/mona-lee-solar)** Venture · US **$10M** With 4 others
- **Jan** **[Aidaly](https://millionrounds.com/company/aidaly)** Venture · US **Undisclosed** With 5 others
- **2024** 8 rounds
- **Dec** **[Preemadonna](https://millionrounds.com/company/preemadonna)** US **$340K** With 4 others
- **Sept** **[June Homes](https://millionrounds.com/company/june-homes)** Venture · US **Undisclosed** With 5 others
- **Sept** **[The Network](https://millionrounds.com/company/the-network)** Pre-seed · US **$2.5M** With 2 others
- **Jul** **[W Labs](https://millionrounds.com/company/w-labs)** Series A · US **$11M** With 2 others
- **Apr** **[Summer Health](https://millionrounds.com/company/summer-health)** Series A · US **$12M** With 4 others
- **Apr** **[1v1Me](https://millionrounds.com/company/1v1me)** Venture · US **Undisclosed** With 4 others
- **Feb** **[Superwall](https://millionrounds.com/company/superwall)** Seed · US **$4.2M** With 4 others
- **Feb** **[Feastables](https://millionrounds.com/company/feastables)** Series A · US **$60M** Sole investor
- **2023** 9 rounds
- **Dec** **[January](https://millionrounds.com/company/january)** Series B · US **$12M** With 2 others
- **Sept** **[Betterleap](https://millionrounds.com/company/betterleap)** Seed · US **$13M** With 5 others
- **Sept** **[Astrid](https://millionrounds.com/company/astrid)** Seed · US **$8.0M** With 2 others
- **Aug** **[Lula](https://millionrounds.com/company/lula)** Series B · US **$36M** With 4 others
- **Jul** **[Olympix](https://millionrounds.com/company/olympix)** Seed · US **$4.3M** With 2 others
- **Jun** **[Galvanick](https://millionrounds.com/company/galvanick)** Seed · US **$10M** With 4 others
- **May** **[Asynchronous](https://millionrounds.com/company/asynchronous)** Seed **$4.0M** With 2 others
- **Feb** **[Blip](https://millionrounds.com/company/blip)** Seed · US **$2.1M** With 2 others
- **Jan** **[Bezel](https://millionrounds.com/company/bezel)** Seed · US **$8.0M** With 3 others
- **2022** 11 rounds
- **Dec** **[lockr](https://millionrounds.com/company/lockr)** Pre-seed · US **$2.5M** With 1 other
- **Nov** **[Atmos](https://millionrounds.com/company/atmos)** Series A · US **$13M** With 3 others
- **Jul** **[Pogo](https://millionrounds.com/company/pogo)** Seed · US **$12M** With 4 others
- **Jul** **[Hang](https://millionrounds.com/company/hang)** Series A · US **$16M** With 4 others
- **May** **[Diagram](https://millionrounds.com/company/diagram)** Seed · US **$4.1M** 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 **5 named**

JG **Jeffrey Grimberg** Authorized person of the manager i Filing they signed

JN **Jeremy Neilson** Managing Director of the General Partner's Manager i Filing they signed

ND **Niv Dror** Managing Member i Form ADV

QR **Quinn Rotchford** President of the manager i Filing they signed

RT **Richard Thoms** Officer of the General Partner's Manager 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.

## What the register says

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

**$142M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Shrug, LLC
- **SEC number:** CRD 313323

## What they claim to have backed

From their own portfolio page (on their website)

**54** of 60 we have independently watched raise

[AMCA](https://millionrounds.com/company/amca)[Acquire](https://millionrounds.com/company/acquire)[AdQuick](https://millionrounds.com/company/adquick)[Aidaly](https://millionrounds.com/company/aidaly)[Anduril](https://millionrounds.com/company/anduril-industries)[Antares](https://millionrounds.com/company/antares)[Betterleap](https://millionrounds.com/company/betterleap)[Blank Street](https://millionrounds.com/company/blank-street)[Charthop](https://millionrounds.com/company/charthop)[Copilot](https://millionrounds.com/company/copilot)[Crossmint](https://millionrounds.com/company/crossmint)[Diagram](https://millionrounds.com/company/diagram)[DoNotPay](https://millionrounds.com/company/donotpay)[Eight Sleep](https://millionrounds.com/company/eight-sleep)[Feastables](https://millionrounds.com/company/feastables)[Freestyle Chess](https://millionrounds.com/company/freestyle-chess)[Galvanick](https://millionrounds.com/company/galvanick)[Genies](https://millionrounds.com/company/genies)[Get](https://millionrounds.com/company/get)[Giraffe360](https://millionrounds.com/company/giraffe360)[Hadrian](https://millionrounds.com/company/hadrian)[Hang](https://millionrounds.com/company/hang)[Kapwing](https://millionrounds.com/company/kapwing)[Khloud](https://millionrounds.com/company/khloud)[Liquid Death](https://millionrounds.com/company/liquid-death)[Living Carbon](https://millionrounds.com/company/living-carbon)[Luminai](https://millionrounds.com/company/luminai)[Memora Health](https://millionrounds.com/company/memora-health)[Merlin Labs](https://millionrounds.com/company/merlin-labs)[ModRetro](https://millionrounds.com/company/modretro)[Mona Lee Solar](https://millionrounds.com/company/mona-lee-solar)[MoonPay](https://millionrounds.com/company/moonpay)[Night](https://millionrounds.com/company/night)[OnCyber](https://millionrounds.com/company/oncyber)[Outtake](https://millionrounds.com/company/outtake)[Overtime](https://millionrounds.com/company/overtime)[Pipe](https://millionrounds.com/company/pipe)[Pogo](https://millionrounds.com/company/pogo)[Primer](https://millionrounds.com/company/primer)[RTFKT](https://millionrounds.com/company/rtfkt)[Sandbox VR](https://millionrounds.com/company/sandbox-vr)[Sauron](https://millionrounds.com/company/sauron)[Senra](https://millionrounds.com/company/senra-systems)[Seso](https://millionrounds.com/company/seso)[Snackpass](https://millionrounds.com/company/snackpass)[Snappr](https://millionrounds.com/company/snappr)[Summer Health](https://millionrounds.com/company/summer-health)[Supergreat](https://millionrounds.com/company/supergreat)[Superhuman](https://millionrounds.com/company/superhuman)[Superplastic](https://millionrounds.com/company/superplastic)[Thirdweb](https://millionrounds.com/company/thirdweb)[Tome](https://millionrounds.com/company/tome)[Varda](https://millionrounds.com/company/varda-space-industries)[Voiceflow](https://millionrounds.com/company/voiceflow) Aether Atoms Avalanche Energy BloxSnacks Cabal Cameo and 29 more

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.

New fund on file

**$127K**

raised in Mar 2023

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

## The cheque

Pre-seed Seed Series A

Median round joined **$8.0M** the round, not its cheque Alone, median **$60M**

Led 1 of 68 rounds **1%**

- **Said size:** $100K – $300K
- **Sole investor:** 1 rounds
- **Last cheque:** May 2026

Rounds by stage said on their site

- Seed said *25*
- Series A said *16*
- Venture *14*
- Pre-seed said *4*
- Series B said *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 11
- [Founders Fund](https://millionrounds.com/fund/founders-fund) 10
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 9
- [FJ Labs](https://millionrounds.com/fund/fj-labs) 6
- [Weekend Fund](https://millionrounds.com/fund/weekend-fund) 6
- [Betaworks](https://millionrounds.com/fund/betaworks) 5

**Pitching Shrug Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Y Combinator** Accelerator **11** rounds together](https://millionrounds.com/fund/y-combinator)[**Founders Fund** VC firm **10** rounds together](https://millionrounds.com/fund/founders-fund)[**BoxGroup** VC firm **9** rounds together](https://millionrounds.com/fund/boxgroup)[**FJ Labs** VC firm **6** rounds together](https://millionrounds.com/fund/fj-labs)[**Weekend Fund** VC firm **6** rounds together](https://millionrounds.com/fund/weekend-fund)[**Betaworks** VC firm **5** rounds together](https://millionrounds.com/fund/betaworks)[**Plug and Play** Accelerator **5** rounds together](https://millionrounds.com/fund/plug-and-play)[**Seven Seven Six** VC firm **5** rounds together](https://millionrounds.com/fund/seven-seven-six)[**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**K5 Global** Private equity **4** rounds together](https://millionrounds.com/fund/k5-global)[**Long Journey Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/long-journey-ventures)[**Village Global** VC firm **4** rounds together](https://millionrounds.com/fund/village-global-2)

## Recently backed

The latest companies Shrug Capital put money into.

[**Khloud** $15M · May 2026](https://millionrounds.com/company/khloud)[**Artemis** $6.0M · Mar 2026](https://millionrounds.com/company/artemis)[**Preemadonna** $500K · Mar 2026](https://millionrounds.com/company/preemadonna)[**Antares** $96M · Dec 2025](https://millionrounds.com/company/antares)[**Mem** $650K · Nov 2025](https://millionrounds.com/company/mem)[**Snappr** $28M · Oct 2025](https://millionrounds.com/company/snappr)

## Mentioned on podcasts

Episodes that name Shrug Capital in their description, not their title.

- [Sourcery](https://millionrounds.com/podcasts/sourcery) 22 Mar 2024 · 43 min Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services With [Nick Abouzeid](https://millionrounds.com/person/nick-abouzeid) Mentions [AngelList](https://millionrounds.com/fund/angellist)[Shrug Capital](https://millionrounds.com/fund/shrug-capital) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 11 Dec 2023 · 1h 8m 20VC: Why Founders Should Take as Many VC Meetings as Possible, Should Founders Meet Associates, How to Get Intros to the Best VCs, How To Extract the Most Value From Your Investors, Why Post IPO Operators Are the Best Angels with Sam Corcos @ Levels With [Sam Corcos](https://millionrounds.com/person/sam-corcos) Mentions [Breyer Capital](https://millionrounds.com/fund/breyer-capital)[Founder Collective](https://millionrounds.com/fund/founder-collective)[Jeff Jordan](https://millionrounds.com/fund/jeff-jordan) *+2* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 10 Feb 2023 · 45 min 20VC: Boston Celtics' Steve Pagliuca on The Future of Sports Team Ownership; What Happened with the Chelsea Acquisition | Why More Money is Pouring Into Sport Than Ever & Do These Assets Keep Increasing in Value Mentions [Bain Capital](https://millionrounds.com/fund/bain-capital)[Duke University](https://millionrounds.com/fund/duke-university)[Shrug Capital](https://millionrounds.com/fund/shrug-capital) Apple PodcastsShow page
- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 10 Mar 2019 · 56 min Consumer Social, The Future of VC and How To Start An Early Stage Fund with Cyan Banister and Niv Dror With [Cyan Banister](https://millionrounds.com/person/cyan-banister)[Niv Dror](https://millionrounds.com/person/niv-dror) Mentions [Chris Sacca](https://millionrounds.com/fund/chris-sacca)[Founders Fund](https://millionrounds.com/fund/founders-fund)[Keith Rabois](https://millionrounds.com/fund/keith-rabois) *+2* Apple PodcastsShow page

## Quick answers about Shrug Capital

### What does Shrug Capital invest in?

Shrug Capital invests most often at Seed and Series A (65% of the rounds on record), in sectors such as Consumer, B-to-c and B2b2c.

### How active is Shrug Capital?

68 investments on record, 6 of them in the last 12 months, and it led 1. The most recent was in May 2026.

### What has Shrug Capital invested in recently?

Its most recent investments on record: Khloud (Venture, May 2026), Artemis (Seed, Mar 2026) and Preemadonna (Undisclosed round, Mar 2026).

### How big are Shrug Capital's cheques?

The median round it joins is $8.0M. It says it writes cheques of $100K to $300K.

### Does Shrug Capital lead rounds?

Sometimes: it led 1 of its 68 investments on record (1%).

### Where does Shrug Capital invest?

Most of the companies it backs are in the United States (95%).

### Is Shrug Capital investing now?

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

### Who does Shrug Capital invest alongside?

Most often Y Combinator (11 rounds together), Founders Fund (10 rounds together) and BoxGroup (9 rounds together).

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