Investor profile

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Initialized Capital

VC

USGBCAB2B SaaSAI/MLFintechHealthtechClimateCybersecurityConsumerMarketplacesDeep TechEnterprise

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Investment thesis

Initialized Capital sets the standard in seed-stage venture capital by investing before success strikes other investors as inevitable. The firm seeks founders with grit, audacity, and a spark of rebellion — prioritizing passion and vision over pedigree, and welcoming non-traditional backgrounds across any startup idea. Initialized is hyper-focused on the 0-to-1 journey, providing seed-specific operational support in product design, team building, go-to-market strategy, and Series A fundraising preparation. The firm invests across all sectors — from enterprise SaaS and AI to sustainability, healthtech, fintech, and crypto — and is committed to helping founders reach product-market fit and navigate the venture landscape for the long haul.

Notable quotes

Since inception, my goal has always been for Initialized to outlive its founders. Over the past five years in particular, we have evolved our organization with the addition of best-in-class leadership, investing talent, and infrastructure. All the while, we have remained true to our founding principles and delivered strong metrics.

Garry Tan · Initialized Capital Blog — 'Jen Wolf and Brett Gibson are Promoted as Initialized Capital's Newest Managing Partners' · 2022-08-29

The firm's investment strategy remains the same: to invest in high-potential, early stage founders who are using software to tackle some of the world's biggest problems.

Garry Tan · Initialized Capital Blog — 'Jen Wolf and Brett Gibson are Promoted as Initialized Capital's Newest Managing Partners' · 2022-08-29

We invest before product market fit, so we often see things that just kind of never turn that corner. And unlike growing a business that already has product market fit, it's a less deterministic process. We really do want everyone on the team to sort of be independently thinking — without worrying what else is going on or playing to politics.

Brett Gibson · Finoverse Podcast — 'Waves in the Finoverse | Brett Gibson, Managing Partner at Initialized Capital'

Team

Brett Gibson

Managing Partner

B2B SaaSAI/MLFintechEnterprise

Garry Tan

Founder & Board Partner

B2B SaaSAI/MLConsumerDeep Tech

Kim-Mai Cutler

Partner

HealthtechClimateConsumer

Abdul Ly

Partner

B2B SaaSFintechEnterprise

Andrew Sather

Partner

B2B SaaSAI/MLDeep Tech

Zoe Perret

Partner

ConsumerMarketplacesFintech

Recent investments

CompanyRoundSizeDate
CoinbaseSeed$300k2012-01-01
InstacartSeed$2m2012-01-01
RipplingSeed2017-01-01
FlexportSeed2014-01-01
Flock SafetySeed2018-01-01
RedditSeed2014-01-01
CruiseSeed2014-01-01
OpendoorSeed2014-01-01
Enhanced RadarSeed$7m2026-05-13
10x ScienceSeed2026-04-22

Frequent co-investors

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