Initialized Capital is an early-stage venture capital firm founded in 2011 by Alexis Ohanian, Harj Taggar, and Garry Tan, headquartered in San Francisco. The firm provides seed-stage funding to founders across sectors including enterprise SaaS, AI, sustainability, healthcare, hard tech, infrastructure, consumer, and crypto, and was an early backer of companies like Coinbase, Instacart, Rippling, Flexport, and Flock Safety.
Deal activity decreased year-over-year (7 deals in the last 12 months vs 18 prior). Their most common stage is seed (40% of deals). Average disclosed round size is $24.2M (across 298 rounds with reported amounts).
Portfolio
226
Fund Size
$250M
Top Stage
Seed
Last 12 Mo
7
Team
Abdul Ly
Partner
Garry Tan
Founder & Board Partner
Kim-Mai Cutler
Partner
Zoe Perret
Partner
Becca Graff
Administrative Assistant
Breanna Ross
Administrative Assistant
Chi An
Controller
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Athelas | Growth | $200M | May 2026 |
 10x | Seed | $4.8M | Apr 2026 |
 Seamflow | Seed | $4.5M | Feb 2026 |
 Alien | Pre-Seed | $7.1M | Jan 2026 |
 ARCTURUS | Seed | $8M | Jan 2026 |
| OOuter Bio | Unknown | $23M | Jan 2026 |
| OOuter Biosciences | Unknown | $23M | Jan 2026 |
 Talos | Series B | $45M | Jan 2026 |
 Guide Labs | Seed | $9M | Dec 2025 |
 PermitFlow | Series B | $54M | Dec 2025 |
 Automat | Series A | $15.5M | Nov 2025 |
 Seneca | Series B | $60M | Oct 2025 |
 Garage | Series A | $13.5M | Aug 2025 |
 Orbital Operations | Seed | $8.8M | Aug 2025 |
 ZeroEntropy | Seed | $4.2M | Jul 2025 |
 Entropy | Seed | $4.2M | Jul 2025 |
 ZeroEntropy | Seed | $4.2M | Jul 2025 |
 Pano | Series B | $44M | Jun 2025 |
 Rosebud AI | Seed | $6M | Jun 2025 |
 Rosebud | Seed | $6M | Jun 2025 |
 Adyton | Series A | $11M | May 2025 |
 Arena | Series B | $30M | Apr 2025 |
 Rescale | Series D | — | Apr 2025 |
 Deepnight | Seed | $5.5M | Feb 2025 |
 Valar Atomics | Seed | $19M | Feb 2025 |
Top Co-Investors
Last updated: 27 September 2026