2048 Ventures

2048 Ventures is a New York City-based, thesis-driven venture capital firm established in 2018 by Managing Partner Alex Iskold. The firm primarily focuses on early-stage investments, specifically targeting Pre-Seed and Seed rounds. With a clear vision for the future, 2048 Ventures backs founders who are innovating across key sectors such as the future of work, commerce, and infrastructure. Their investment philosophy emphasizes identifying disruptive technologies and business models that are poised to reshape these foundational areas of the economy.

The firm is known for its hands-on approach and commitment to supporting portfolio companies beyond just capital. 2048 Ventures typically writes initial checks ranging from $1 million to $2 million, demonstrating a significant commitment at the earliest stages of a startup's journey. They also reserve capital for follow-on investments, indicating a long-term partnership approach with their portfolio companies as they grow and raise subsequent rounds. This strategic investment size allows them to take meaningful positions in promising ventures.

Since its inception, 2048 Ventures has demonstrated considerable activity in the startup ecosystem. The firm successfully raised its inaugural fund of $30 million, followed by a second fund, 2048 Ventures II, which closed at $100 million. This brings their total assets under management to $130 million, enabling them to deploy substantial capital into their target sectors. As of late 2023, 2048 Ventures has made over 100 investments and has led more than 40 funding rounds, underscoring their active role as a lead investor. Their portfolio spans a diverse range of companies, with a notable emphasis on software, artificial intelligence, fintech, and developer tools, reflecting their core thesis areas.