UP2398 is an early-stage venture capital firm based in Redwood City, California, founded in 2015 by Pierre Omidyar, Alex Poon, and Randy Ching. It invests in seed-stage and pre-Series A technology companies, with typical investments of $1–5 million.
Their most common stage is seed (50% of deals). Average disclosed round size is $9.9M (across 8 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
BP
Ben Patterson
Managing Partner
AP
Alex Poon
General Partner
DW
Danny Wen
Venture Partner
PO
Pierre Omidyar
Partner
RC
Randy Ching
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Convex | Series B | $39M | Oct 2021 |
 slapdash | Seed | $3.7M | Mar 2021 |
 Rad AI | Seed | $4M | Nov 2019 |
 PandaTree | Seed | $1.5M | Nov 2017 |
 Deep Sentinel | Series A | $7.4M | Apr 2017 |
 INDUS.AI | Series A | $8M | — |
 Standard Fleet | Series A | $13M | — |
 Whispli | Seed | $2.8M | — |
Top Co-Investors
Precursor Ventures2 shared
Shasta Ventures1 shared
Lux Capital1 shared
Bezos Expeditions1 shared
Susa Ventures1 shared
Hive Ventures1 shared
GMO VenturePartners1 shared
Fifty Years1 shared
Gradient Ventures1 shared
Adara Ventures1 shared
Emergence Capital1 shared
1984 Ventures1 shared
GGV Capital1 shared
Soma Capital1 shared
Fifth Wall1 shared
Quiet Capital1 shared
S28 Capital1 shared
Quadri Ventures1 shared
Twenty Two Ventures1 shared
Last updated: 9 September 2026