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Coalition Operators is a founder-led venture capital firm that invests in early-stage startups with capital (up to $500K at pre-seed/seed) and hands-on operational expertise from a network of 100+ active operators. The firm was co-founded by Ashley Mayer, Toyin Ajayi, and Lindsay Ullman.
30% of their portfolio is in Healthcare. Deal activity increased 33% year-over-year (4 deals in the last 12 months). Their most common stage is seed (65% of deals). Average disclosed round size is $8.9M (across 19 rounds with reported amounts).
Portfolio
22
Fund Size
$12.5M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
23 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series A | — | Sep 2025 | |
| Seed | $7.3M | Aug 2025 | |
| Seed | $7M | Jul 2025 | |
| Seed | $9M | Jul 2025 | |
| Series C | — | Apr 2025 | |
| Seed | $4M | Feb 2025 | |
| Seed | $5M | Sep 2024 | |
| Seed | $3.5M | Jan 2024 | |
| ((Re)vive | Seed | $3.5M | Jan 2024 |
| Seed | $6.8M | Jul 2023 | |
| Series A | $20M | Jun 2023 | |
| Seed | $3.2M | May 2023 | |
| Series A | — | Jan 2023 | |
| Seed | $2.8M | Nov 2022 | |
| Series B | $42M | Sep 2022 | |
| Seed | $4.8M | — | |
| Seed | $3.8M | — | |
| Seed | $6M | — | |
| Pre-Seed | — | — | |
| Seed | $11.6M | — | |
| Unknown | $6M | — | |
| Seed | $2.3M | — | |
| Series A | $20M | — |
Top Co-Investors
SV Angel3 shared
Union Square Ventures2 shared
Susa Ventures2 shared
Springbank Collective2 shared
Pioneer Fund2 shared
BoxGroup2 shared
Hustle Fund2 shared
FJ Labs2 shared
Uncork Capital2 shared
Bedrock1 shared
DRW Venture Capital1 shared
FirstMark Capital1 shared
Bessemer Venture Partners1 shared
Solari Capital1 shared
Palo Santo1 shared
Fifty Years1 shared
Gaingels1 shared
Mosaic Ventures1 shared
PsyMed Ventures1 shared
AlleyCorp1 shared
Last updated: 9 September 2026