FOG Ventures is a community-based, invite-only investment syndicate and venture firm based in San Francisco that connects founders with a network of over 1,500 tech operators. It invests in the modern operator tool stack (toolbox 2.0), focusing on B2B software, AI, fintech, and SaaS for the Office of the CFO and modern operator.
They made 3 investments in the last 12 months. Their most common stage is series-a (50% of deals). Average disclosed round size is $35.9M (across 13 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series A
Last 12 Mo
3
Team
CW
Casey Woo
General Partner
AP
Anurag Pal
Partner
BS
Brenda Swiney
Partner
CS
Chris Sponiar
Partner
GL
Grant Lee
Partner
NK
Nick Kim
Partner
WD
Will Duckett
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
14 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Niural | Series A | $52M | Jun 2026 |
 Concourse | Series A | $12M | Jan 2026 |
 Concourse | Series A | $12M | Jan 2026 |
 Jericho Security | Series A | $15M | Jan 2025 |
 Rillet | Series B | — | Jan 2025 |
| Rillet | Series A | $13.5M | Jul 2024 |
 Orb | Series A | $19.1M | Mar 2023 |
 Drata | Series C | $200M | Dec 2022 |
| Drata | Series B | $100M | Nov 2021 |
| Drata | Series A | $25M | Jun 2021 |
 Abacum | Seed | $7M | Apr 2021 |
| Orb | Seed | $3.8M | Jan 2021 |
 Brev.io | Pre-Seed | $3.3M | — |
 Mosaic | Seed | $3.8M | — |
Top Co-Investors
SV Angel5 shared
Y Combinator4 shared
Andreessen Horowitz3 shared
Plug and Play Tech Center2 shared
Gaingels2 shared
Alkeon Capital Management2 shared
GGV Capital2 shared
Salesforce Ventures2 shared
Cowboy Ventures2 shared
Silicon Valley CISO Investments2 shared
CRV2 shared
Greylock Partners2 shared
Creandum2 shared
Iconiq Capital, LLC2 shared
Sequoia Capital2 shared
Resolute Ventures1 shared
Leaders Fund1 shared
Okta Ventures1 shared
Standard Investments1 shared
Last updated: 8 November 2026