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

  • Aug 2026fundraise
    Craft Ventures is targeting roughly $1 billion for a new fund — its first major raise since David Sacks ended his White House AI and crypto czar role in late March 2026 after hitting the 130-day annual service limit. Sacks remains co-chair of PCAST. techstartups.com
  • Aug 2026investment
    Craft Ventures made its latest portfolio investment in Horizon3.ai via a Series E round on August 3, 2026. cbinsights.com
  • Jun 2026investment
    Supabase raised $500 million in a Series F round with Craft Ventures participating alongside Peak XV Partners and Coatue. tracxn.com
  • May 2026investment
    Craft Ventures invested in Neo, an agentic software security company, publishing a blog post titled 'Partnering with Neo to Secure Agentic Software.' cbinsights.com
  • Apr 2026investment
    Craft Ventures led a $30 million growth round in Comfy Org (ComfyUI) at a $500 million post-money valuation. Pace Capital, Chemistry, and TruArrow co-invested. Total funding reached approximately $48 million. tech-insider.org
  • Mar 2026leadership
    David Sacks stepped down as White House AI and crypto czar, having reached the 130-day annual service limit for special government employees. He moved to an advisory role as PCAST co-chair and returned focus to Craft Ventures. cbinsights.com
  • Jan 2026product
    Craft Ventures opened an Austin, Texas office, expanding beyond its San Francisco headquarters. vcwire.tech
  • Jul 2026investment
    Craft Ventures invested in Ent's $100 million round. Ent brings language models to the device for enterprise workspace security, with Global 2000 customers already on the platform. Co-investors include Sequoia Capital, Decibel Partners, Crosspoint Capital, Shield Capital, Felicis, and IQT. linkedin.com
  • 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

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 August 20, 2026. Each claim is linked to its source above.

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