Craft Ventures

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

• Oasis SecuritySeries B2025linkedin.com
• ElevenLabsGrowth2025craftventures.com
• Daylight SecuritySeries A2025linkedin.com
• KnockSeries A2025crunchbase.com
• SolaceSeries B2025crunchbase.com
• SupabaseGrowth2024linkedin.com
• Allen Control SystemsSeries A2025crunchbase.com
• ScratchpadSeries B2023linkedin.com

Key people

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

• David O. Sacks · Co-Founder & Partner
  LinkedIn
• Bryan Rosenblatt · Partner
  LinkedIn
• Michael Robinson · Partner
  LinkedIn
• Kevin Gabura · Partner
  LinkedIn
• Zao Chen · Partner
  LinkedIn
• Aaron Cort · Operator-in-Residence
  LinkedIn

Sources

• Craft Ventures — Official Website
• Craft Ventures — Wikipedia
• Craft Ventures opens Austin office — Austin Business Journal
• Craft Ventures Portfolio — CB Insights
• Craft Ventures Recent Activity — Crunchbase
• Craft Ventures Investor Profile — Tracxn
• Craft Ventures — LinkedIn

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