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    Varana Capital

    Denver, Colorado, United StatesFounded 2012

    Varana Capital is a Denver-headquartered investment firm founded in 2012 that specializes in pre-seed through Series A technology investments, with a focus on asset-light deep-tech. The firm also maintains offices in Tel Aviv and Mexico City and invests across venture capital, private equity, and public markets.

    Average disclosed round size is $35.5M (across 10 rounds with reported amounts).

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    Portfolio

    8

    Fund Size

    —

    Top Stage

    Series A

    Last 12 Mo

    1

    Team

    Philip Broenniman, CFA

    Philip Broenniman, CFA

    Managing Partner

    Ezra Gardner

    Ezra Gardner

    Partner

    Kelci Jones

    Kelci Jones

    Marketing/Investor Relations

    Ankur Ahuja

    Ankur Ahuja

    Chief Operating Officer

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    11 investments
    CompanyRoundAmountDate
    CustoMed logoCustoMedSeed$6MOct 2025
    Arcuro Medical logoArcuro MedicalSeries A—Jan 2025
    NNEUREALITY LTDSeries A$35MDec 2022
    Stämm logoStämmSeries A$17MFeb 2022
    NNEUREALITY LTDSeries A$20MJan 2022
    TriEye logoTriEyeSeries D$74MNov 2021
    NNEUREALITY LTDSeed$8MFeb 2021
    TriEye logoTriEyeSeries B$74MJan 2021
    AAPIGenPre-Seed$500K—
    RRaft TechnologiesSeries C$60M—
    RRaft TechnologiesSeries C$60M—

    Top Co-Investors

    Last updated: 20 October 2026