Investor profile
A.Capital Ventures
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Analyse your fitInvestment thesis
A.Capital Ventures is an early-stage venture capital firm founded in 2014 by Ronny Conway, investing in consumer, enterprise, and crypto technology companies. The firm provides resources and counsel to founders building a new future, with a distinctive model that avoids ownership thresholds — investing based on what a company needs rather than historical VC financial models — reducing dilution while assembling a value-added syndicate. A.Capital offers world-class advice, connections, and dedicated Talent Partners (veterans of Google and Google Ventures) without requiring formal board seats. Thematically, A.Capital is focused on the AGI era: backing frontier model companies, AI infrastructure (execution environments, data layers, observability), AI for scientific discovery, vertical AI co-pilots, AI-as-labor agents, and robotics. The firm also tracks second-order effects of cheap intelligence — including tourism, wellness, and creative industries — believing that as AI compresses knowledge work, human attention will flow toward experiences and connection.
Notable quotes
“With every new frontier model—GPT-4o, Claude 3.5, Gemini Ultra—the cost of intelligence is falling fast, even as capability keeps rising. Now, as intelligence becomes a low-cost input, we're seeing it embedded everywhere—in tools, workflows, and physical systems. The result is a flood of new products, new companies, and eventually, a reshaping of the broader economy. We're at the start of that shift.”
“The demand for powerful yet affordable inference services is nearly infinite. The rise of outstanding open-source models only adds fuel to the fire. Deep Infra is right at the heart of this shift.”
“Unlike traditional VCs, we do not have ownership thresholds. We work with entrepreneurs to determine how much to invest, and at what valuation, based on what their company needs, not based on historical VC financial models. This reduces overall dilution while still leaving room for value-added partners.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Anthropic | Series B+ | — | 2023-10 |
| Hugging Face | Series A | — | — |
| Notion | Seed | — | — |
| Replit | Series A | — | — |
| Character.AI | Series A | — | — |
| Coinbase | Seed | — | — |
| Databricks | Series A | — | — |
| Deep Infra | Series B+ | — | 2026-05 |
| Taceo | Seed | $6m | 2025-07 |
| GitButler | Series A | — | 2026-04 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| SV Angel | 21 |
| Andreessen Horowitz | 12 |
| Y Combinator | 10 |
| Lerer Hippeau | 5 |
| Fuel Capital | 4 |
| Thirty Five Ventures | 3 |
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