Eniac Ventures

Quick read

Eniac Ventures is a generalist seed and pre-seed VC firm founded in 2009 and headquartered in New York, NY. The same four founding partners have run the firm for over 15 years — one of the longest-standing consistent GP partnerships in venture. With six main funds and a dedicated follow-on vehicle, Eniac has backed more than 228 companies and closed its most recent fund, Eniac VI, at $160M in April 2024.

Key facts

Founded

2009

Founders

Nihal Mehta, Tim Young, Hadley Harris

Employees

29

Sectors

generalist, ai, fintech, healthcare, saas, devtools

Website

eniac.vc

Investment thesis

Eniac leads seed and pre-seed rounds in US-based technology companies across B2B software, AI, fintech, healthcare, and sustainability, acting as a hands-on partner — often described as a 'third co-founder' — to help founders reach product-market fit before a Series A. The same four founding GPs have run every fund, prioritising deep, GP-level engagement over a large team model.

Recent activity

• Apr 2024fundraise
  Eniac Ventures closed two funds totaling $220M: a $160M sixth seed fund (Eniac VI) and a $60M follow-on vehicle (Select I). Select I actually closed in 2021 but was not publicly disclosed until now. The firm plans roughly 40 investments across both funds, writing average new checks of $1.5M and follow-ons up to $6M. techcrunch.com
• Fall 2025press
  Eniac published its Fall 2025 update noting it is actively hiring, and flagged two portfolio milestones: Surtr raised a $5M seed round for counter-UAS integration, and Mia Labs received approval as a General Motors Turnkey Dealer Digital Solution provider. eniac.vc
• 2025press
  Timothy Young of Eniac Ventures appeared on a podcast discussing founder strategy, with the episode distributed on Spotify, YouTube, and Apple Podcasts. linkedin.com
• May 2026investment
  Eniac's latest recorded investment hit on 7 May 2026, targeting Lunar Outpost, a hardware company. pitchbook.com
• May 2026investment
  Eniac participated in Kin Health's $9M seed round, one of 6 investments the firm has made in 2026 to date. tracxn.com
• Apr 2026press
  Portfolio company Callhyper was acquired by Motorola Solutions in April 2026. tracxn.com
• Apr 2024fundraise
  Eniac closed $220M across two vehicles: a $160M Fund VI seed fund and a $60M Select I opportunity fund for follow-on investments in existing portfolio companies. The firm targets roughly 40 investments across both funds. gunder.com
• 2024leadership
  Eniac hired Michael Zhao as a new Principal, expanding the investment team. eniac.vc
• 2024leadership
  Eniac posted an open role for a Head of Platform — a new function the hire will build from scratch, covering founder support infrastructure, network programs, and GTM resources. linkedin.com
• 2024press
  Portfolio company CloudX came out of stealth, backed by Eniac at seed stage. Co-founders Jim Payne and Dan Sack lead the company. linkedin.com
• 2024press
  Eniac hosted a direct-to-consumer dinner at Il Buco in New York featuring three portfolio companies: Ghost (AI-native brand distribution), Evertune AI (AI search visibility for brands), and Upscale AI (streaming TV performance advertising). linkedin.com
• Aug 2025investment
  Co-led the $8.6M seed round for Cascala Health, an AI-driven clinical intelligence platform for care transitions and post-acute care, alongside Flare Capital Partners. cascalahealth.com

Notable investments

• SurtrSeed ($5M)2025eniac.vc
• StructionSeed2025vcbacked.co
• Adaptive SecuritySeed2025vcbacked.co
• Mia LabsSeed2025vcbacked.co
• EderaSeed ($13.0M)2025vcbacked.co
• TrueFoundrySeries A ($19.0M)2025vcbacked.co
• MoblySeries A ($15.0M)2025vcbacked.co
• CuroSeed ($4.3M)2025vcbacked.co
• Lunar OutpostundisclosedMay 2026pitchbook.com
• Kin HealthSeed ($9M)May 2026tracxn.com
• Origin Labundisclosed2026tracxn.com
• Actor LabsSeed ($4M)2024eniac.vc

Key people

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

• Nihal Mehta · Co-Founder & General Partner
• Tim Young · Founding General Partner
• Hadley Harris · General Partner
  LinkedIn

Sources

• Eniac Ventures Raises $220M Across Two Fund Formations | Gunderson Dettmer
• Announcing Eniac V | Eniac Ventures
• Cascala Health $8.6M Seed Round Announcement
• Eniac Ventures | LinkedIn
• Eniac Ventures Investor Profile | Tracxn
• Operator Turned VC: Nihal Mehta, Co-Founder of Eniac Ventures | Interplay
• Eniac Ventures Portfolio | VCBacked
• https://pitchbook.com/profiles/investor/51472-63
• https://tracxn.com/d/venture-capital/eniac-ventures/__9gAierqmzv3WUrYpO-5roNoHi6GTB1DWLmLEtWOkHhE
• https://www.eniac.vc/writings/tradespace-has-raised-a-15m-series-a-led-by-avp-with-continued-support-from-eniac-ventures-amplo-and-scrum-ventures
• https://techcrunch.com/2024/04/24/seed-stage-firm-eniac-ventures-raises-220m-across-two-funds/
• https://www.eniac.vc/writings/eniac-ventures-fall-2025-were-hiring

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