# Twelve Below: portfolio, investments and team

> Twelve Below is a vc firm based in United States. 35 investments on record, 7 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Twelve Below

Last cheque observed Oct 2026; 35 cheques on record.

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Deploying now New fund, Mar 2026 VC firm

Pre-seed Seed Series A Venture Capital & Private Equity

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

Deploying now

**54%** of best year **7** **cheques in 12 months**, 35 on record

Since the last cheque **2** days **00** hrs **00** min **00** sec

Median round **$5.1M** Cheque size, as they say **$500K – $1.0M** Rounds led **0 of 35** Mostly in **United States, 91%**

Pitch Twelve Below

## Twelve Below highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Series A: 71% of its rounds

## What they do

> We invest early and are typically a lead investor in rounds before a Series A. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $1.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Venture Capital & Private Equity
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **35 appearances**

- **2026** 6 rounds
- **Oct** **[ShareWillow](https://millionrounds.com/company/sharewillow)** Seed · US · AlleyWatch **$8.5M** With 7 others
- **May** **[Solstice](https://millionrounds.com/company/solstice)** Series A · US · Ventureburn **$21M** With 4 others
- **Mar** **[Conduit Health](https://millionrounds.com/company/conduit-health)** Series A · US · AlleyWatch **$17M** With 2 others
- **Mar** **[Health Universe](https://millionrounds.com/company/health-universe)** Seed · US **$6.0M** With 2 others
- **Mar** **[Coral](https://millionrounds.com/company/coral)** Seed · US **$7.5M** With 2 others
- **Feb** **[Croissant](https://millionrounds.com/company/croissant)** Debt · US **$14M** With 2 others
- **2025** 13 rounds
- **Nov** **[Arya Health](https://millionrounds.com/company/arya-health)** Series A · US · AlleyWatch **$18M** With 5 others
- **Oct** **[Nome Bio](https://millionrounds.com/company/nome-bio)** Seed · US **$2.7M** With 1 other
- **Sept** **[Dispatch](https://millionrounds.com/company/dispatch)** Series A · US **$18M** With 2 others
- **Aug** **[Arya Health](https://millionrounds.com/company/arya-health)** Venture · US **$18M** With 1 other
- **May** **[Indie Health](https://millionrounds.com/company/indie-health)** Venture · US **$5.5M** With 1 other
- **Apr** **[Rondah AI](https://millionrounds.com/company/rondah-ai)** Pre-seed · US **$3.5M** With 1 other
- **Apr** **[Manifest](https://millionrounds.com/company/manifest)** Series A · AU **$15M** With 5 others
- **Apr** **[Phaselaw](https://millionrounds.com/company/phaselaw)** Seed · US **$2.8M** With 2 others
- **Apr** **[Rondah AI](https://millionrounds.com/company/rondah-ai)** Pre-seed · US **$1.8M** With 1 other
- **Mar** **[Page](https://millionrounds.com/company/page)** Seed · CA **$2.9M** With 3 others
- **Mar** **[Voiceops](https://millionrounds.com/company/voiceops)** Seed · US **$5.0M** With 4 others
- **Feb** **[Solstice Health](https://millionrounds.com/company/solstice-health)** Seed · US **$3.5M** With 2 others
- **Feb** **[Fort Health](https://millionrounds.com/company/fort-health)** Venture · US **Undisclosed** With 1 other
- **2024** 5 rounds
- **Nov** **[Fort Health](https://millionrounds.com/company/fort-health)** Seed · US **$5.5M** With 1 other
- **May** **[Arya](https://millionrounds.com/company/arya)** Seed · US **$4.0M** With 2 others
- **Apr** **[Draftboard](https://millionrounds.com/company/draftboard)** Seed · US **$4.1M** With 1 other
- **Mar** **[Ottopay](https://millionrounds.com/company/ottopay)** Venture · US **Undisclosed** With 3 others
- **Feb** **[Caladan Bio](https://millionrounds.com/company/caladan-bio)** Seed · US **$5.1M** With 2 others
- **2023** 6 rounds
- **Aug** **[Wand App](https://millionrounds.com/company/wand-app)** Seed · US **$4.2M** With 4 others
- **Jul** **[Croissant](https://millionrounds.com/company/croissant)** Seed · US **$24M** With 4 others
- **Jun** **[Dashy Dash](https://millionrounds.com/company/dashy-dash)** Seed · US **$3.0M** With 3 others
- **Jun** **[Breadboard](https://millionrounds.com/company/breadboard)** Seed · US **$4.0M** With 2 others
- **Apr** **[CarmaCare](https://millionrounds.com/company/carmacare)** Seed · US **$4.1M** With 1 other
- **Feb** **[Mento](https://millionrounds.com/company/mento)** Seed · JP **$6.0M** With 3 others
- **2022** 5 rounds
- **Jun** **[Studyverse](https://millionrounds.com/company/studyverse)** Pre-seed · US **$1.8M** With 3 others
- **May** **[Relay Commerce](https://millionrounds.com/company/relay-commerce)** Debt · US **$20M** With 4 others
- **May** **[Origins Analytics](https://millionrounds.com/company/origins-analytics)** Seed **$4.0M** With 3 others
- **Apr** **[Celeri](https://millionrounds.com/company/celeri)** Pre-seed · US **$2.0M** With 1 other
- **Jan** **[Accrue Savings](https://millionrounds.com/company/accrue-savings)** Series A · US **$25M** 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**

BL **Byron Ling** Managing Member i Form ADV

CT **Christopher Taylor Greene** Managing Member i Form ADV

CT **Christopher Taylor Greene, Jr.** Sole Member i Filing they signed

We also hold **2** 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

**$180M** gross assets of its funds Oct 2026

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

- **Legal name:** Twelve Below LLC
- **SEC number:** CRD 318447

## What they claim to have backed

From their own portfolio page (on their website)

**17** of 35 we have independently watched raise

[Architect](https://millionrounds.com/company/architect)[Barnwell Bio](https://millionrounds.com/company/barnwell-bio)[Conduit Health](https://millionrounds.com/company/conduit-health)[Dispatch](https://millionrounds.com/company/dispatch)[Draftboard](https://millionrounds.com/company/draftboard)[Fort Health](https://millionrounds.com/company/fort-health)[Goodwin](https://millionrounds.com/company/goodwin)[Headroom](https://millionrounds.com/company/headroom)[Health Universe](https://millionrounds.com/company/health-universe)[Indie Health](https://millionrounds.com/company/indie-health)[Nome](https://millionrounds.com/company/nome)[Pet's Table](https://millionrounds.com/company/pet-s-table)[Phaselaw](https://millionrounds.com/company/phaselaw)[Proxy](https://millionrounds.com/company/proxy)[ShareWillow](https://millionrounds.com/company/sharewillow)[Solstice Health](https://millionrounds.com/company/solstice)[Voiceops](https://millionrounds.com/company/voiceops) Accrue Arya Health Asapi Aston Caladan Coral Design by Altalogy EdotEnv Immunara AI Lemma Mento Odyssey Page Parabolic Auto Relay Rondah Truehold Turbo

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

**Raised**

a new fund in Mar 2026

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 **$5.1M** the round, not its cheque

Led 0 of 35 rounds **0%**

- **Said size:** $500K – $1.0M
- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *19*
- Series A said *6*
- Pre-seed said *4*
- Venture *4*
- Debt *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BoxGroup](https://millionrounds.com/fund/boxgroup) 5
- [Notation Capital](https://millionrounds.com/fund/notation-capital) 3
- [2048 Ventures](https://millionrounds.com/fund/2048-ventures) 2
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 2
- [Canaan](https://millionrounds.com/fund/canaan-partners) 2
- [Edward Lando](https://millionrounds.com/fund/edward-lando) 2

**Pitching Twelve Below?** 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 Twelve Below. A count of rooms they were both in, not a relationship either has claimed.

[**BoxGroup** VC firm **5** rounds together](https://millionrounds.com/fund/boxgroup)[**Notation Capital** VC firm **3** rounds together](https://millionrounds.com/fund/notation-capital)[**2048 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/2048-ventures)[**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Canaan** VC firm **2** rounds together](https://millionrounds.com/fund/canaan-partners)[**Edward Lando** Angel **2** rounds together](https://millionrounds.com/fund/edward-lando)[**Founder Collective** VC firm **2** rounds together](https://millionrounds.com/fund/founder-collective)[**Lerer Hippeau** VC firm **2** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**Oceans** VC firm **2** rounds together](https://millionrounds.com/fund/oceans)[**Operator Partners** VC firm **2** rounds together](https://millionrounds.com/fund/operator-partners)[**Pareto Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/pareto-holdings)[**Portage Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/portage-vc)

## Recently backed

The latest companies Twelve Below put money into.

[**ShareWillow** $8.5M · Oct 2026](https://millionrounds.com/company/sharewillow)[**Solstice** $21M · May 2026](https://millionrounds.com/company/solstice)[**Conduit Health** $17M · Mar 2026](https://millionrounds.com/company/conduit-health)[**Health Universe** $6.0M · Mar 2026](https://millionrounds.com/company/health-universe)[**Coral** $7.5M · Mar 2026](https://millionrounds.com/company/coral)[**Croissant** $14M · Feb 2026](https://millionrounds.com/company/croissant)

## Mentioned on podcasts

Episodes that name Twelve Below in their description, not their title.

- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 4 Sept 2026 · 1h 0m E425: What 30,000 Founders Taught Me About AI, Judgment & Top Founders Mentions [Twelve Below](https://millionrounds.com/fund/twelve-below)[Byron Ling](https://millionrounds.com/person/byron-ling) Apple PodcastsShow page

## Quick answers about Twelve Below

### What does Twelve Below invest in?

Twelve Below invests most often at Seed and Series A (71% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Twelve Below?

35 investments on record, 7 of them in the last 12 months. The most recent was in Oct 2026.

### What has Twelve Below invested in recently?

Its most recent investments on record: ShareWillow (Seed, Oct 2026), Solstice (Series A, May 2026) and Conduit Health (Series A, Mar 2026).

### How big are Twelve Below's cheques?

The median round it joins is $5.1M. It says it writes cheques of $500K to $1.0M.

### Does Twelve Below lead rounds?

Rarely, if at all: none of its 35 investments on record names it as the lead.

### Where does Twelve Below invest?

Most of the companies it backs are in the United States (91%).

### Is Twelve Below investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does Twelve Below invest alongside?

Most often BoxGroup (5 rounds together), Notation Capital (3 rounds together) and 2048 Ventures (2 rounds together).

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