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.
31% of their portfolio is in Cybersecurity. They made 2 investments in the last 12 months. Their most common stage is series-a (46% of deals). Average disclosed round size is $34.5M (across 12 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
Casey Woo
General Partner
Anurag Pal
Partner
Brenda Swiney
Partner
Chris Sponiar
Partner
Grant Lee
Partner
Nick Kim
Partner
Will Duckett
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 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
Last updated: 27 September 2026