Seed-stage VC, US

Craft Ventures

Venture capital firm · San Francisco · Founded 2017

Quick read

Craft Ventures, a B2B software-focused VC firm, was founded in 2017 by David Sacks and Bill Lee and is headquartered in San Francisco, with a new Austin office opened in January 2026. The firm backs early-stage and growth-stage SaaS and enterprise companies, deploying an Operator-in-Residence program where team members embed directly in portfolio companies. With 9 funds closed and 26 unicorns in its portfolio, it has invested in over 350 companies across its history.

Key facts

Founded
2017
Founders
David O. Sacks, Bill Lee
Employees
67
Sectors
saas, enterprise, ai, fintech, security
Website
www.craftventures.com

Investment thesis

Craft Ventures backs B2B software companies at early and growth stages, with a particular focus on SaaS businesses that show capital-efficient growth and strong product-market fit. The firm differentiates through hands-on operational support via its Operator-in-Residence program, embedding team members directly into portfolio companies.

Recent activity

  • Mar 2026leadership
    David Sacks stepped down as White House AI and crypto czar, moving to an advisory role after completing his term as a special government employee. cbinsights.com
  • Jan 2026product
    Craft Ventures opened an Austin office as co-founders David Sacks and Bill Lee relocated to Texas. bizjournals.com
  • Jan 2026press
    White House memo disclosed that David Sacks sold $200M+ worth of digital asset-related investments personally and through Craft Ventures before taking his government role. crunchbase.com
  • 2025investment
    Craft Ventures led a $120M Series B in Oasis Security, an identity platform for AI agents managing non-human identities and agentic access in enterprise workflows. linkedin.com
  • 2025investment
    Craft Ventures invested in ElevenLabs, backing the voice AI company which had reached $500M+ ARR four years after launch. craftventures.com
  • 2025investment
    Craft Ventures led a $33M Series A in Daylight Security, an agent-native company in Security Services. linkedin.com
  • 2025investment
    Craft Ventures led a $12M Series A in Knock, a notification infrastructure provider. crunchbase.com
  • 2025fundraise
    Craft Ventures raised Craft Ventures IV ($712M early-stage) and Craft Ventures Growth II ($608M), totalling $1.3B, focused on B2B software in the generative AI era. linkedin.com

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

Sources

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Frequently asked

What is Craft Ventures?+

Craft Ventures, a B2B software-focused VC firm, was founded in 2017 by David Sacks and Bill Lee and is headquartered in San Francisco, with a new Austin office opened in January 2026. The firm backs early-stage and growth-stage SaaS and enterprise companies, deploying an Operator-in-Residence program where team members embed directly in portfolio companies.

Where is Craft Ventures headquartered?+

Craft Ventures is headquartered in San Francisco, United States.

When was Craft Ventures founded?+

Craft Ventures was founded in 2017 by David O. Sacks, Bill Lee.

What sectors does Craft Ventures invest in?+

Craft Ventures focuses on saas, enterprise, ai, fintech, security. They primarily invest in these sectors.

How do I prepare for a meeting with Craft Ventures?+

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Generated by briefthecall.com from public web sources. Last updated June 5, 2026. Each claim is linked to its source above.

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