Seed-stage VC, US
Not Boring Capital
Venture capital firm · New York · Founded 2020
Quick read
Not Boring Capital is a seed-stage VC firm founded in 2020 and headquartered in New York, run by Packy McCormick as a solo GP. It operates a media-VC flywheel: the Not Boring newsletter (250k+ subscribers) sources deals, wins allocation, and amplifies portfolio companies through long-form writing. Fund III, a $30M vehicle, targets 'Hard Startups' building in deep tech, energy, biotech, and other capital-intensive sectors.
Key facts
- Founded
- 2020
- Founders
- Packy McCormick
- Employees
- 1-5
- Sectors
- generalist, ai, fintech, biotech, crypto
- Website
- www.notboring.co
Investment thesis
Not Boring Capital backs seed-stage 'Hard Startups' — companies working on capital-intensive problems in deep tech, energy, biotech, and beyond — and uses the Not Boring newsletter and media platform to help them tell their stories and reach customers, partners, and future investors.
Recent activity
- Oct 2025investmentNot Boring Capital backed VICO, an application software company, in a €500,000 round focused on smart saving for Spanish households. tracxn.com
- Oct 2025investmentPortfolio company Daylight Energy closed a $75M round led by Framework Ventures to scale its decentralized energy network and launch the DayFi Protocol. crunchbase.com
- Sep 2025pressPortfolio company Ramp reached $1B in ARR and a $32B valuation, a major milestone for Not Boring Capital's position in the company. f4.fund
- Jul 2025investmentPortfolio company Ambrook raised a $26.1M Series A round. f4.fund
- Feb 2026fundraiseFund III remains in active deployment with no Fund IV announced. Discussions about a potential Fund IV are reportedly underway but unconfirmed. f4.fund
- Oct 2025investmentNot Boring Capital invested in Vico, an application software company, as part of continued Fund III deployment. f4.fund
- Sep 2025pressPortfolio company Ramp reached $1B in ARR and a $32B valuation, marking a major milestone for the fund. f4.fund
- Jul 2025investmentPortfolio company Ambrook raised a $26.1M Series A. f4.fund
- Aug 2025investmentNot Boring Capital's portfolio reached 38 companies, with 3 new investments in the prior 12 months. Most recent disclosed investment was a Seed round participation in Convoke. tracxn.com
- Jan 2023fundraisePacky McCormick announced Fund III, a $30M vehicle targeting hard startups aimed at bending the world's trajectory upward — an expansion of the firm's prior media-plus-capital strategy. linkedin.com
- Jan 2023fundraisePacky McCormick announced Not Boring Capital Fund III, a $30M fund targeting 'Hard Startups' with potential to shift the world's trajectory, marking an evolution from the solo-GP model with the addition of Rahul Rana as Atoms Research Analyst. notboring.co
- 2023leadershipRahul Rana joined as Atoms Research Analyst, bringing deep tech research experience from Lux Capital and General Atlantic internships and authorship of 'Making Moonshots'. notboring.co
Notable investments
- VICOSeedOct 2025tracxn.com
- Daylight EnergyGrowthOct 2025crunchbase.com
- AmbrookSeries AJul 2025f4.fund
- RampGrowth2025f4.fund
- ConvokeSeed2025tracxn.com
- Open Forest ProtocolSeed2024tracxn.com
- Open Forest ProtocolSeed ($4.1M)2024tracxn.com
- AnimaSeedtracxn.com
- Party Round (Capital)Seednotboring.co
- GildedSeedtracxn.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Packy McCormick · Founder & General Partner
- Rahul Rana · Atoms Research Analyst
Sources
- Introducing Not Boring Capital
- Announcing Not Boring Capital Fund III
- Not Boring Capital: 2 Fund, 2 Boring
- Not Boring Capital – Tracxn Investor Profile
- Not Boring Capital – VC Fund Breakdown
- About – Not Boring by Packy McCormick
- Capital & Taste – Not Boring
- https://f4.fund/firms/not-boring-capital
- https://tracxn.com/d/venture-capital/notboringcapital/__8wu_6QYdPZdRNA1o-wVWGN7yYlGdVBQxcYdsMY0bT3E
- https://www.linkedin.com/posts/packym_announcing-not-boring-capital-fund-iii-activity-7018593713463422977-002d
- https://www.crunchbase.com/organization/not-boring-capital/news_and_analysis
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Frequently asked
What is Not Boring Capital?+
Not Boring Capital is a seed-stage VC firm founded in 2020 and headquartered in New York, run by Packy McCormick as a solo GP. It operates a media-VC flywheel: the Not Boring newsletter (250k+ subscribers) sources deals, wins allocation, and amplifies portfolio companies through long-form writing.
Where is Not Boring Capital headquartered?+
Not Boring Capital is headquartered in New York, United States.
When was Not Boring Capital founded?+
Not Boring Capital was founded in 2020 by Packy McCormick.
What sectors does Not Boring Capital invest in?+
Not Boring Capital focuses on generalist, ai, fintech, biotech, crypto. They primarily invest in these sectors.
How do I prepare for a meeting with Not Boring Capital?+
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