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

  • 2025investment
    Initialized Capital led Crewline's $7.1M seed round alongside Nebular. Crewline builds self-driving compaction rollers to address operator shortages on earthwork job sites, with plans to deploy 100 rollers this year. linkedin.com
  • Mar 2025press
    Initialized Capital hosted its 3rd Annual Startup Talent Summit on March 25 in San Francisco, connecting job seekers with portfolio companies actively hiring. linkedin.com
  • 2025investment
    Livingston Miller announced Initialized led the seed round for Feanix, welcoming the company to the portfolio. linkedin.com
  • Feb 2026investment
    Tracxn 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 2025investment
    Initialized 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
  • 2025investment
    Initialized Capital invested in Greptile's $25 million Series A round. zoominfo.com
  • 2025investment
    Initialized Capital invested in Automat's $15.5 million Series A funding round. zoominfo.com
  • 2025press
    Managing partner Brett Gibson was announced as a speaker at Web Summit 2025. zoominfo.com
  • 2025investment
    Initialized Capital participated in Formic's $27.4 million Series A round led by Blackhorn Ventures, alongside Mitsubishi HC Capital America, NEC, Translink Capital, Lux Capital, and others. zoominfo.com
  • 2025investment
    Initialized Capital participated in a $12 million round for Picogrid and a $3.5 million round for Basalt. crunchbase.com
  • 2024leadership
    Initialized restructured its team, letting multiple staff members go. Managing partner Brett Gibson described the move as an effort to "meet the moment" in the venture market. Jennifer Wolf was among those named as departing. zoominfo.com
  • Feb 2026press
    As of February 2026, Initialized Capital has made 8 new investments in the prior 12 months, bringing its total portfolio to 294 companies. tracxn.com

Notable investments

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

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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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Generated by briefthecall.com from public web sources. Last updated July 22, 2026. Each claim is linked to its source above.

Automatically generated by AI from public sources. May be inaccurate or out of date. Remove or correct this profile →