A* Capital

A* Capital, formerly known as Alpha Edison, is a San Francisco-based multi-stage venture capital firm with a distinctive data-driven investment philosophy. The firm focuses on identifying and backing technology-enabled businesses that leverage artificial intelligence, machine learning, and data science to disrupt various sectors, including fintech, healthcare, enterprise software, and consumer technology. Their investment thesis centers on the belief that data is a critical asset for building enduring companies, and they seek founders who are adept at harnessing it for competitive advantage and scalable growth.

The firm actively invests across Seed, Series A, and Series B stages, demonstrating a flexible approach to early-stage funding. A* Capital aims to be a strategic partner to its portfolio companies, offering not just capital but also operational expertise and access to a network designed to accelerate growth. They are known for their analytical rigor, employing proprietary data science tools to evaluate market opportunities and identify promising startups. This systematic approach underpins their decision-making process, allowing them to make informed investments in complex and rapidly evolving technological landscapes.

A* Capital has significantly expanded its capital base, notably closing its A* Capital Fund II with $300 million in 2022. This substantial fund size enables the firm to make meaningful investments across its target stages, from initial seed funding to leading larger Series B rounds. Prior to this, their first fund, Alpha Edison Fund I, was $150 million, indicating a consistent growth in their investment capacity. The firm's portfolio spans over 100 companies, reflecting a broad reach and active participation in the startup ecosystem. Their typical first check sizes can range from approximately $1 million for early seed rounds up to $25 million for leading later-stage Series B investments, showcasing their commitment to supporting companies throughout their growth journey.