Indicator Ventures is a pre-seed and seed-stage venture capital firm founded in 2013 and based in Boston, Massachusetts. The firm invests in high-velocity founders building radically different technology companies across the United States, with sector focus areas including fintech, healthcare, enterprise software, and emerging technologies such as AI/ML and cybersecurity.
Deal activity increased 300% year-over-year (8 deals in the last 12 months). Their most common stage is series-a (44% of deals). Average disclosed round size is $16.9M (across 46 rounds with reported amounts).
Portfolio
40
Fund Size
—
Top Stage
Series A
Last 12 Mo
8
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
50 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| EEdge Markets | Series A | $29.2M | Jun 2026 |
 EDGE Markets | Series A | $29.2M | Jun 2026 |
 EDGE Markets | Series A | $29.2M | Jun 2026 |
 Edge | Series A | $29.2M | Jun 2026 |
 Edge | Series A | $29.2M | Jun 2026 |
 Edge | Series A | $29.2M | Jun 2026 |
| LLumx | Unknown | $3.4M | Oct 2025 |
 Audioshake | Series A | $14M | Oct 2025 |
 Axenya | Series A | $12M | Aug 2025 |
| LLumx | Unknown | $3.4M | Jan 2025 |
 Arda Therapeutics | Series A | $43M | Oct 2024 |
 Starpath Robotics | Seed | $12M | Aug 2024 |
 TextQL | Pre-Seed | $4.1M | Jan 2024 |
 Retrocausal | Seed | $5.3M | Nov 2023 |
| RRetrocausal.ai | Unknown | $5.3M | Jan 2023 |
 Reflex | Seed | $4.5M | Jun 2022 |
 DISCO | Series A | $20M | Mar 2022 |
 ianacare | Series A | $12.1M | Jan 2022 |
 Airspace Link | Series B | $23M | Jan 2022 |
 Airspace Link | Series A | $10M | May 2021 |
 Astranis | Series C | $250M | Apr 2021 |
 Almanac Labs | Seed | $9M | Jan 2020 |
 Disco | Series A | $20M | Jan 2019 |
 Pienso | Seed | $2.1M | Nov 2017 |
 Wade & Wendy | Seed | $4M | Dec 2016 |
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Top Co-Investors
Techstars7 shared
Mantis VC7 shared
StepStone Group7 shared
Bullpen Capital7 shared
CoinFund6 shared
Precursor Ventures4 shared
RiverPark Ventures3 shared
Sugar Capital3 shared
Felicis3 shared
8VC3 shared
Morningside3 shared
Y Combinator3 shared
Worklife3 shared
ff Venture Capital3 shared
Not Boring Capital2 shared
Bessemer Venture Partners2 shared
Slow Ventures2 shared
Day One Ventures2 shared
Balerion Space Ventures2 shared
Fusion Fund2 shared
Last updated: 7 October 2026