Investor profile

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XSeed Capital

United StatesNorth AmericaB2B SaaSAI/MLEnterpriseFintechCybersecurityDevtoolsHealthtechDeep Tech

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Investment thesis

XSeed Capital is an independent, seed-focused venture fund founded in 2006 and based in Portola Valley, California, with $110 million under management. The firm believes in 'the creative destruction unleashed by technological innovators' and backs entrepreneurs building category-leading, high-growth companies. Each portfolio company must boast significant technical differentiation — rooted in breakthrough innovations in software, computer science, and other IT disciplines — that creates unique customer value. XSeed makes initial commitments at the seed stage and continues to support companies with time, effort, and follow-on capital through multiple rounds. As serial entrepreneurs themselves, the XSeed team delivers custom, founder-friendly support: helping recruit talent, access customers, find channel partners, and tap technical, design, and marketing resources. The firm has strong connections to technology leaders and research from Stanford, UC Berkeley, MIT, and CMU, and leverages its IT-centric foundation alongside deep domain knowledge across enterprise software, AI/ML, fintech, cybersecurity, and healthcare to help startups reach critical value inflection points faster.

Notable quotes

"The VC community in general likes areas where there's a lot of economic stakes, but there's substantial room for improvement."

Jeff Thermond · ABA Journal – '6 VCs who are betting on legal services'

"Almost half of the initial pitches we view at XSeed do not contain a Five Year Projected Financials slide."

Jeff Thermond · Forbes (via xseedcap.com/author/jeff-thermond/)

"Three times in my business career (twice recently) I have witnessed the metaphorical 'winning' from a unique vantage point."

Robert Siegel · Forbes (via xseedcap.com/category/growth/)

Team

Michael Borrus

Founding Partner / General Partner

Deep TechEnterpriseB2B SaaS

Robert Siegel

General Partner

EnterpriseB2B SaaSAI/MLFintech

Alan Chiu

Partner

B2B SaaSEnterpriseAI/ML

Jeff Thermond

Venture Partner

EnterpriseB2B SaaSDevtools

Jonathan Feiber

Special Advisor

Deep TechHealthtech

Lev Mass

Venture Partner

EnterpriseB2B SaaS

Recent investments

CompanyRoundSizeDate
LiltSeries C$55m2022-04-07
FindMineSeries A2022-09-02
unitQSeries A$11m2020-03-03
Lex MachinaSeries A$5m
Nova CreditSeed
Citrine InformaticsSeed
NarrativeSeed
FOSSASeed
NextrackerSeed
ZooZSeed

Frequent co-investors

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