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Indicator Ventures is an early-stage venture capital firm that focuses on pre-seed and seed investments in technology companies across North America. They seek "high-velocity founders" leveraging unique business models or distribution strategies in sectors like digital health, enterprise tech, fintech, and emerging technologies, with a particular interest in companies that generate "digital efficiencies" to create time and cost savings.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-a (46% of deals). Average disclosed round size is $10.2M (across 11 rounds with reported amounts).
Portfolio
13
Fund Size
$25M
Top Stage
Series A
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
13 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 AudioShake | Series A | $14M | Oct 2025 |
 Axenya | Series A | $12M | Aug 2025 |
 Starpath Robotics | Seed | $12M | Aug 2024 |
 Retrocausal | Seed | $5.3M | Nov 2023 |
| SStark | Seed | $6M | Aug 2022 |
 Reflex | Seed | $4.5M | Jun 2022 |
 Disco | Series A | $20M | Mar 2022 |
 ianacare | Series A | $12.1M | Jan 2022 |
 Airspace Link | Series A | $10M | May 2021 |
| AAudioShake.AI | Series A | $14M | — |
 Edyn | Seed | — | — |
 Scope | Seed | $2.3M | — |
 Simplifeye | Unknown | — | — |
Top Co-Investors
Precursor Ventures3 shared
Techstars2 shared
Shine2 shared
Thomson Reuters Ventures2 shared
Origin Ventures2 shared
Felicis Ventures2 shared
Sugar Capital2 shared
8VC2 shared
Uncork Capital2 shared
Altos Ventures1 shared
2048 Ventures1 shared
Matchstick Ventures1 shared
Detroit Venture Partners1 shared
Background Capital1 shared
Fenox Venture Capital1 shared
Morningside Ventures1 shared
Y Combinator1 shared
Bessemer Venture Partners1 shared
Shopify1 shared
RiverPark Ventures1 shared
Last updated: 12 April 2026