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 2026investment
    Craft Ventures participated in Replit's $400M Series D round. startupintros.com
  • Jan 2026press
    A White House memo confirmed David Sacks and Craft Ventures divested holdings in AI companies and hyperscalers including xAI and Meta prior to Sacks taking a government role. crunchbase.com
  • Jan 2026press
    Sacks sold $200M+ worth of digital asset-related investments personally and through Craft Ventures before starting his government job. crunchbase.com
  • 2025investment
    Craft Ventures led a $12M Series A for Knock, a notification infrastructure provider. crunchbase.com
  • 2025investment
    Craft Ventures participated in Allen Control Systems' $30M Series A, a defense-tech startup building autonomous weapon systems. crunchbase.com
  • 2025investment
    Craft Ventures participated in Solace's $60M Series B to expand healthcare advocacy services. crunchbase.com
  • Nov 2023fundraise
    Craft closed two new funds: Craft Ventures IV at $712M and Growth II at $608M, bringing total AUM to $3.3B. startupintros.com
  • Mar 2026leadership
    David Sacks stepped down from his White House AI and crypto czar role, transitioning to an advisory position after reaching the end of his term as a special government employee. cbinsights.com
  • Jan 2026press
    Craft Ventures opened an Austin office as both co-founders relocated to Texas, with Sacks citing California's proposed billionaire wealth tax as a factor. bizjournals.com
  • Jan 2026press
    A White House memo disclosed that David Sacks sold more than $200M worth of digital asset-related investments personally and through Craft Ventures before beginning his government role, and that Craft was divesting holdings in AI companies and hyperscalers including xAI and Meta. crunchbase.com
  • 2025investment
    Craft Ventures led Oasis Security's $120M Series B, positioning the company as an identity platform for AI agents managing non-human identities in enterprise workflows. linkedin.com
  • 2025investment
    Knock, a notification infrastructure provider, raised a $12M Series A led by Craft Ventures. crunchbase.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 July 21, 2026. Each claim is linked to its source above.

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