Inner Loop Capital is a pre-seed and seed venture capital firm based in Baltimore, Maryland, championing technical founders at the frontier of Infrastructure Software and AI. The firm focuses on 'AI for Infra' and 'Infra for AI,' investing in cybersecurity, cloud tech, and data science startups.
56% of their portfolio is in Cybersecurity. Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is seed (50% of deals). Average disclosed round size is $10.6M (across 31 rounds with reported amounts).
Portfolio
24
Fund Size
$25M
Top Stage
Seed
Last 12 Mo
1
Team
JL
Justin Label
Managing Director
DM
Dave Merkel
Principal
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 AIRRIVED | Seed | $6.1M | Feb 2026 |
 Qualytics | Series A | $10M | Jun 2025 |
 Qualytics | Series A | $10M | Jan 2025 |
 Trustible | Seed | $4.6M | Jan 2025 |
 xtype | Series A | $21M | Oct 2024 |
 RunSafe Security | Series B | $12M | Sep 2024 |
 StepSecurity | Seed | $3M | May 2024 |
 Digma | Seed | $6M | Sep 2023 |
 Tamnoon | Seed | $5.1M | Sep 2023 |
| Tamnoon | Seed | $12M | Apr 2023 |
 PerfectScale | Seed | $7.1M | Jan 2023 |
| xtype | Seed | $5.8M | Sep 2022 |
| GGreyNoise Intelligence | Series A | $15M | Jun 2022 |
 Clear Skye | Series A | $14M | Mar 2022 |
| Clear Skye | Series A | $14M | Jan 2022 |
 AppOmni | Series B | $40M | Apr 2021 |
| AppOmni | Series B | $40M | Jan 2021 |
 clean.io | Series A | $5M | Aug 2020 |
 Fritz | Seed | $5M | Mar 2020 |
| Fritz | Seed | $5M | Jan 2020 |
| Clear Skye | Seed | — | Jan 2020 |
 GreyNoise | Seed | — | Mar 2019 |
 Sicura | Unknown | — | — |
| GreyNoise | Series A | $15M | — |
 Qualytics | Series A | $10M | — |
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Top Co-Investors
ServiceNow Ventures5 shared
Scale Venture Partners4 shared
Paladin Capital Group4 shared
CRV4 shared
BMW i Ventures4 shared
NextGen Venture Partners4 shared
Menlo Ventures3 shared
Elron Ventures3 shared
Secret Chord Ventures3 shared
Tech Square Ventures3 shared
Knoll Ventures3 shared
Conductive Ventures3 shared
Costanoa Ventures2 shared
Salesforce2 shared
Salesforce Ventures2 shared
Silicon Valley Data Capital2 shared
ClearSky2 shared
Norwest Venture Partners2 shared
Smash Capital2 shared
Lumia Capital2 shared
Last updated: 20 October 2026