Seed-stage VC, US
Initialized Capital
Venture capital firm · San Francisco · Founded 2011
Quick read
Initialized Capital is a seed-stage venture capital firm founded in 2011, headquartered in San Francisco. It backs early-stage tech founders across software, AI, and healthcare, with $3B+ AUM and early positions in Coinbase, Instacart, Rippling, Flexport, and Flock Safety. The firm has invested in 294 companies to date and runs 8 new deals in the last 12 months.
Key facts
- Founded
- 2011
- Founders
- Garry Tan
- Employees
- 45
- Sectors
- generalist, saas, ai, healthcare
- Website
- initialized.com
Investment thesis
Initialized writes seed checks into software, AI, and healthcare startups, targeting founders outside the traditional venture demographic with hands-on operational support — content, PR, and direct partner access — from day one.
Recent activity
- Apr 2026investmentInitialized Capital co-invested in 10x Science's $4.8M seed round to build AI that analyzes proteins at the molecular level. tracxn.com
- Apr 2026investmentInitialized Capital co-invested in Sygaldry Technologies' $139M round to build quantum AI servers, alongside Breakthrough Energy and Earth Venture Capital. tracxn.com
- Mar 2026pressInitialized Capital hosted its 3rd Annual Startup Talent Summit on March 25 in San Francisco, connecting job seekers with portfolio companies actively hiring. linkedin.com
- Feb 2026investmentInitialized Capital led Seamflow's $4.5M round alongside Northzone and Nebular. Seamflow automates global certification processes with AI. tracxn.com
- Feb 2026investmentInitialized Capital led Crewline's $7.1M seed round alongside Nebular. Crewline builds self-driving rollers for earthwork construction jobs, targeting deployment of 100 machines this year. linkedin.com
- Jan 2026pressPortfolio company DevCycle was acquired in January 2026. f4.fund
- Dec 2025investmentInitialized Capital participated in PermitFlow's $54M Series B led by Accel, alongside Kleiner Perkins, Felicis, Altos Ventures, and Y Combinator. zoominfo.com
- Dec 2025investmentInitialized Capital invested in Greptile's $25M Series A. zoominfo.com
- 2025investmentLivingston Miller announced Initialized led the seed round for Feanix, welcoming the company to the portfolio. linkedin.com
- Feb 2026investmentTracxn data shows Initialized Capital has made 8 new investments in the prior 12 months, bringing its total portfolio to 294 companies. Most recent disclosed deal was participation in the seed round of Seamflow. tracxn.com
- Dec 2025investmentInitialized Capital participated in PermitFlow's $54 million Series B round led by Accel, with Kleiner Perkins, Felicis, Altos Ventures, and Y Combinator also joining. zoominfo.com
- 2025investmentInitialized Capital invested in Greptile's $25 million Series A round. zoominfo.com
Notable investments
- Sygaldry TechnologiesUndisclosed ($139M)Apr 2026tracxn.com
- 10x ScienceSeed ($4.8M)Apr 2026tracxn.com
- SeamflowUndisclosed ($4.5M)Feb 2026tracxn.com
- CrewlineSeed ($7.1M)Feb 2026linkedin.com
- PermitFlowSeries B ($54M)Dec 2025zoominfo.com
- GreptileSeries A ($25M)Dec 2025zoominfo.com
- AutomatSeries A ($15.5M)Undisclosedzoominfo.com
- FormicSeries A ($27.4M)Undisclosedzoominfo.com
- SeamflowSeedEarly 2026tracxn.com
- FeanixSeed2025linkedin.com
- PermitFlowSeries BDec 2025zoominfo.com
- GreptileSeries A2025zoominfo.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Garry Tan · Founder
- Jennifer Carter Fleiss · Partner
Sources
- Initialized Capital – Home
- Initialized Capital – Approach
- Initialized Capital on X
- Initialized Capital – Tracxn Profile
- Initialized Capital – Crunchbase Signals & News
- 17 Largest Global Startup Funding Rounds of April 2026 – AlleyWatch
- This is how much VC firm Initialized Capital will pay its next investor – Yahoo Finance
- https://www.zoominfo.com/c/initialized-capital/398128242
- https://www.linkedin.com/in/kimmaicutler
- https://www.linkedin.com/in/livingston-miller-5a6a73a/
- https://tracxn.com/d/venture-capital/initialized-capital/__c-WvULYMT1R2BQI8pQpTWc4cRFitKpxD5o9XaQ3ABJU
- https://www.linkedin.com/in/kimmaicutler/
- https://f4.fund/firms/initialized-capital
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Frequently asked
What is Initialized Capital?+
Initialized Capital is a seed-stage venture capital firm founded in 2011, headquartered in San Francisco. It backs early-stage tech founders across software, AI, and healthcare, with $3B+ AUM and early positions in Coinbase, Instacart, Rippling, Flexport, and Flock Safety.
Where is Initialized Capital headquartered?+
Initialized Capital is headquartered in San Francisco, United States.
When was Initialized Capital founded?+
Initialized Capital was founded in 2011 by Garry Tan.
What sectors does Initialized Capital invest in?+
Initialized Capital focuses on generalist, saas, ai, healthcare. They primarily invest in these sectors.
How do I prepare for a meeting with Initialized Capital?+
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Try Brief →Generated by briefthecall.com from public web sources. Last updated August 22, 2026. Each claim is linked to its source above.
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