
Operator Stack is an early-stage technology venture capital fund and operator network based in San Francisco, backed by over 200 LPs and top-tier technology operators. The firm invests in logistics/supply chain, fintech, and B2B SaaS startups, combining capital with hands-on operational expertise.
33% of their portfolio is in Fintech. Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Their most common stage is series-a (47% of deals). Average disclosed round size is $18.7M (across 13 rounds with reported amounts).
Portfolio
14
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series A | $6.3M | Feb 2026 | |
| Seed | $5.9M | Sep 2025 | |
| Series A | $13M | May 2025 | |
| Seed | $8M | Feb 2025 | |
| Series A | $13M | Jan 2025 | |
| Series B | $15M | Sep 2024 | |
| Seed | $5M | Jun 2023 | |
| Series B | $67M | Oct 2022 | |
| Series A | — | Jul 2022 | |
| Series A | $10M | Jan 2022 | |
| Series A | $17M | Oct 2021 | |
| Series B | $67M | — | |
| Unknown | $5M | — | |
| Series A | — | — | |
| Seed | $11M | — |
Top Co-Investors
Y Combinator3 shared
Redpoint Ventures2 shared
Battery Ventures2 shared
Next Play Ventures2 shared
FinTLV Ventures2 shared
Definition Capital2 shared
Soma Capital2 shared
Craft Ventures2 shared
Index Ventures2 shared
HOF Capital2 shared
Tencent Investment1 shared
OTV1 shared
Slow Ventures1 shared
Mubadala Investment Company1 shared
EQT Ventures1 shared
Hometeam Ventures1 shared
Republic1 shared
Wa'ed Ventures1 shared
Middle East Venture Partners1 shared
Second Century Ventures1 shared
Last updated: 27 September 2026