Initialized Capital

Investor type

PE / VC

Founded

2012

AUM

$3 000 M

Location

San Francisco, California, United States

$0-1 m

Investment Ticket

3-5 years

Investment Horizon

Seed, Series B, Series A

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Investor profile last updated: 27 July, 2026

Profile

We are builders & founders
We’re founders and builders here to help others create and scale transformative companies.

We built the team that we wish we had in our corner when we founded our first companies.

Venture is an antiquated industry, so we’re using software to scale the un-scaleable parts of our business in order to better help our founders and make best use of our all-star team’s time.

Our partners — leveled up through software — are a hive mind to serve founders, who in turn help us see the future.

We've helped more founders build startups at the earliest possible stage than most anyone you'll meet

Initialized’s founder and managing partner, Garry Tan, evaluated more than 6,000 startups as an early partner at Y Combinator.

He was part of Y Combinator as it grew from a little-known entrepreneurial program into Silicon Valley’s best-known and regarded network for early-stage technology startups. He also built their internal software system, Bookface, and conceptualized Continuity, their late-stage funding program.

Garry then built Initialized Capital into a standalone San Francisco-based early-stage venture capital firm with $1B assets under management and more than 200 companies in the portfolio.

We've helped more founders build startups at the earliest possible stage than most anyone you'll meet, and that means we can help startups avoid the 1,000 landmines that can cause certain failure. A lot of great investors, advisors, founders, and friends have helped us along the way.

Initialized hosts both small and large events bringing together people from our portfolio and community on subjects ranging from how to manage engineers, to how to build a design identity and set of guidelines, to how office space impacts your company culture. We also have regular founder dinners and happy hours to build camaraderie in the portfolio so that our family of entrepreneurs can easily turn to each other for advice.

We've helped more founders build startups at the earliest possible stage than most anyone you'll meet, and that means we can help startups avoid the 1,000 landmines that can cause certain failure.

We focus on investing in high-potential software startups at seed stage and earlier, with small teams that include great engineers, designers and product founders. Many companies come to us when they are just two or four people, and we help them get from there to their Series A or B rounds and beyond.

If you have an idea that is not reflected in our current portfolio, don’t be dissuaded from pitching us. We’re a firm that has often discovered the next technology wave through the talent in our network. For example, we knew Brian Armstrong through his work on risk management and fraud detection at Airbnb. But his next company had nothing to do with travel or hospitality — it was Coinbase, which has become one of the pre-eminent ways to hold, invest and trade Bitcoin and Ethereum in the world.

Industry

Education Edtech Fashion/Beauty Financial Services Fintech Food and Beverage Foodtech Gaming Healthcare Services Marketing and Advertising Media and Entertainment Other Real Estate Robotics Security Software Sports/SportsTech Telecommunications Transportation Travel Energy LegalTech Music HealthTech TravelTech Consumer Products Consumer Services (B2C) SaaS Blockchain/Crypto Technology

Region of investment

North America Europe

Initialized Capital Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Fund VI
Venture Capital (VC)
Consumer Products
Consumer Services (B2C)
SaaS
Blockchain/Crypto
Technology
Seed
North America
$5-10 m
$530 M
December 2021
Fund V
Venture Capital (VC)
Consumer Products
Consumer Services (B2C)
SaaS
Blockchain/Crypto
Technology
Seed
North America
$5-10 m
$230 M
August 2020
Fund IV
Venture Capital (VC)
Consumer Products
Consumer Services (B2C)
SaaS
Software
Blockchain/Crypto
Technology
Seed
North America
$5-10 m
$225 M
October 2018

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FAQs about Initialized Capital

Initialized Capital is located in San Francisco, California, United States.
Initialized Capital was founded in 2012.
Initialized Capital invests in companies and startups in Education, Edtech, Fashion/Beauty, Financial Services, Fintech, Food and Beverage, Foodtech, Gaming, Healthcare Services, Marketing and Advertising, Media and Entertainment, Other, Real Estate, Robotics, Security, Software, Sports/SportsTech, Telecommunications, Transportation, Travel, Energy, LegalTech, Music, HealthTech, TravelTech, Consumer Products, Consumer Services (B2C), SaaS, Blockchain/Crypto, Technology.
Initialized Capital invests in companies and startups in North America, Europe.
Initialized Capital invests in companies and startups at Seed, Series B, Series A.
Initialized Capital usually invests $0-1 m on average.
Initialized Capital has around $3 000m assets under management.
Initialized Capital last fund was created/launched in 2021-12-14