Background Capital is a solo GP venture capital firm founded by Rafael Corrales, a former General Partner at CRV. The firm invests $100K–$500K in pre-seed, seed, and Series A rounds, with an LP base consisting entirely of top founders, executives, and operators.
32% of their portfolio is in E-Commerce & Marketplace. They made 3 investments in the last 12 months. Their most common stage is series-a (42% of deals). Average disclosed round size is $9.7M (across 16 rounds with reported amounts).
Portfolio
14
Fund Size
—
Top Stage
Series A
Last 12 Mo
3
Team
RC
Rafael Corrales
Founder
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| OOctober's Very Own (OVO) | Growth | — | Jan 2026 |
 GitLaw | Pre-Seed | $3M | Nov 2025 |
 Audioshake | Series A | $14M | Oct 2025 |
 Emperia | Series A | $10M | Jan 2023 |
 Empora Title | Series A | — | Dec 2021 |
 Tundra | Series B | $26M | Oct 2021 |
 Aalto | Series A | $13M | Aug 2021 |
 Settle | Series A | $15M | May 2021 |
| Settle | Series A | $15M | Jan 2021 |
 ShoppingGives | Seed | $5.5M | Sep 2020 |
 Tempest | Series A | $10M | Oct 2019 |
| Tundra | Series A | $12M | Jun 2019 |
| Tundra | Unknown | $12M | Jan 2019 |
| ShoppingGives | Seed | $5.5M | Nov 2018 |
 Free Agency | Seed | $5.3M | — |
 Reveri | Seed | $1.8M | — |
 FlipTurn | Seed | $4.5M | — |
| RReveri Health | Seed | $1.8M | — |
| Tempest | Seed | — | — |
Top Co-Investors
Caffeinated Capital5 shared
SciFi VC5 shared
Alumni Ventures3 shared
Redpoint Ventures3 shared
Peterson Ventures3 shared
Initialized Capital3 shared
Kleiner Perkins2 shared
Worklife2 shared
Founders Fund2 shared
FJ Labs2 shared
Slow Ventures2 shared
InReach Ventures2 shared
20VC2 shared
Global Founders Capital2 shared
Sugar Capital2 shared
Tuesday Capital2 shared
Abstract Ventures2 shared
BoxGroup2 shared
Defy1 shared
Maple VC1 shared
Last updated: 20 October 2026