Metamorphic Ventures focused on early-stage investments, from seed through Series A, in digital media, commerce, payments, ad tech, and software infrastructure, particularly within the "transactional media" thesis which involved B2B and some B2B2C companies. Their strategy aimed to identify opportunities in marketplaces and payments, seeking companies that could achieve quick revenue and monetization.
Their most common stage is seed (64% of deals). Average disclosed round size is $4.7M (across 11 rounds with reported amounts).
Portfolio
11
Fund Size
$70M
Top Stage
Seed
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
Top Co-Investors
GV (Google Ventures)2 shared
Spark Capital2 shared
Felicis Ventures2 shared
Rhodium1 shared
BAM1 shared
Eniac Ventures1 shared
BoxGroup1 shared
Blumberg Capital1 shared
Accelerator Ventures1 shared
Bullpen1 shared
Red Swan Ventures1 shared
SoftBank Vision Fund1 shared
SV Angel1 shared
Prudence Holdings1 shared
SparkLabs1 shared
First Round Capital1 shared
Golden1 shared
Norwest Venture Partners1 shared
Accel1 shared
Omidyar Network1 shared
Last updated: 8 March 2026