Allegis Capital logo

Allegis Capital

North America, California, United States, Palo Alto

Description

Allegis Capital is a long-standing venture capital firm based in Palo Alto, California, with a deep-rooted focus on early-stage technology companies. Established in 1996, the firm primarily targets Seed and Series A rounds, demonstrating a commitment to nurturing startups from their foundational stages. While the user's description broadly mentions Fintech, SaaS, and Enterprise, Allegis Capital's core investment thesis is more specifically concentrated on disruptive technologies within cybersecurity, artificial intelligence/machine learning (AI/ML), cloud infrastructure, and data management. This specialization allows them to leverage extensive domain expertise and a robust network to support their portfolio companies.

The firm's investment approach emphasizes a hands-on partnership, providing strategic guidance and operational support beyond capital infusion. They look for strong founding teams addressing significant market opportunities with innovative solutions. Allegis Capital has a history of raising dedicated funds to support their investment strategy, with recent funds like AllegisCapital VI and AllegisCyber Fund II each closing at approximately $100 million. This consistent fund size enables them to deploy meaningful capital into promising early-stage ventures and participate in follow-on rounds as companies scale.

Allegis Capital typically provides initial investments ranging from $500,000 to $5 million for Seed and Series A rounds. This range allows them to be a lead or significant participant in early funding rounds, often taking board seats to actively contribute to the company's growth trajectory. Over its decades of operation, Allegis Capital has built a diverse portfolio of over 100 companies, many of which have achieved successful exits through acquisitions or public offerings, underscoring the firm's track record in identifying and scaling high-potential technology businesses. Their enduring presence in Silicon Valley positions them as a seasoned partner for entrepreneurs navigating complex technological landscapes.

Investor Profile

Allegis Capital has backed more than 20 startups, with 3 new investments in the last 12 months alone. The firm has led 7 rounds, about 35% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Financial Services, Insurance, InsurTech.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (25%)
  • Series B (20%)
  • Series A (20%)
  • Series D (15%)
  • Series C (10%)
  • Convertible Note (5%)
  • Series Unknown (5%)

Country Focus

  • United States (100%)

Industry Focus

  • Financial Services
  • Insurance
  • Insurtech
  • Software
  • Artificial Intelligence (Ai)
  • Fintech
  • Property Insurance
  • Proptech
  • Information Technology
  • Developer Apis
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Allegis Capital frequently co-invest with?

SignalFire
North America, California, United States, San Francisco
Co-Investments: 2
MassMutual Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 2
Hudson Structured Capital Management
North America, Connecticut, United States, Stamford
Co-Investments: 4
Accel
North America, California, United States, Palo Alto
Co-Investments: 2
Commerce Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Flourish Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Alpha Edison
North America, California, United States, Los Angeles
Co-Investments: 4
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
QED Investors
North America, Virginia, United States, Alexandria
Co-Investments: 3
Slow Ventures
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does Allegis Capital often collaborate with?

WS
Europe, England, United Kingdom, London
Shared Deals: 1
JC
North America, United States
Shared Deals: 1
MC
North America, Kansas, United States, Overland Park
Shared Deals: 1

What are some of recent deals done by Allegis Capital?

Ultromics

Oxford, Oxfordshire, United Kingdom

Ultromics develops AI-driven cardiology solutions to assist in cardiovascular disease diagnosis through echocardiography.

Artificial Intelligence (AI)Health CareHealth DiagnosticsMedicalSoftware
Series CJul 31, 2025
Amount Raised: $55,000,000
BloomCredit

New York, New York, United States

Bloom Credit helps companies launch valuable lending products, report consumers' payments, and create innovative credit experiences.

Developer APIsFinancial ServicesFinTechInformation TechnologyPaymentsPersonal Finance
Series UnknownApr 23, 2025
Amount Raised: $10,500,000
Lazarus

Cambridge, Massachusetts, United States

Lazarus build foundation models, leveraging large language models to interpret and extract insights from data.

Artificial Intelligence (AI)Developer APIsDocument ManagementInformation TechnologyNatural Language ProcessingSoftware
Convertible NoteMar 25, 2025
Vouch

San Francisco, California, United States

Vouch is an insurance company that provides business insurance solutions for high-growth companies through a tech-enabled platform.

FinanceFinancial ServicesInsuranceInsurTech
Series DFeb 13, 2025
Carketa

Lehi, Utah, United States

Carketa is the future of inventory management and automotive retail.

AutomotiveSoftware
SeedMay 7, 2024
Amount Raised: $4,400,000
Hona AI

San Francisco, California, United States

Hona AI is an AI data platform that collects and maintains healthcare history and records of patients.

Artificial Intelligence (AI)Electronic Health Record (EHR)MedicalSoftware
SeedMay 3, 2024
Amount Raised: $3,000,000
NewRetirement

Mill Valley, California, United States

NewRetirement is a financial planning platform for employers and individuals.

Financial ServicesFinTechInsurTechRetirement
Series AMar 27, 2024
Amount Raised: $20,000,000
healthŌme

Huntsville, Alabama, United States

healthŌme creates omics-based products for the critical illness and life insurance industry.

SeedMar 23, 2024
Lightship

San Francisco, California, United States

Lightship is an all-electric RV manufacturer, designer, and a producer of an aerodynamic, battery-powered trailer for the electric age.

AutomotiveElectric VehicleManufacturingRecreational VehiclesTravel
Series BJan 17, 2024
Amount Raised: $34,000,000
Kin Insurance

Chicago, Illinois, United States

Kin Insurance is an insurtech company that offers personalized home insurance policies.

Financial ServicesInsuranceInsurTechProperty InsurancePropTech
Series DSep 13, 2023
Amount Raised: $33,000,000