Audrey Capital

Audrey Capital is a San Francisco-based angel investment and research company, notably founded by Matt Mullenweg, the co-founder of WordPress and Automattic. Established as an early-stage investment vehicle, the firm primarily focuses on angel and seed rounds, leveraging Mullenweg's extensive expertise and network in web technologies, open source, and content platforms. This strategic alignment allows Audrey Capital to identify and support ventures that resonate with the evolving landscape of the internet and digital communication.

The firm's investment strategy is often opportunistic, backing innovative founders and ideas that align with Mullenweg's vision. Their portfolio companies frequently touch upon themes of productivity, communication tools, content creation, and developer-centric solutions. Notable investments include Simplenote, which was later acquired by Automattic, and Posterous, acquired by Twitter, demonstrating a track record of identifying promising early-stage ventures with at least two known exits. This selective approach underscores their commitment to high-potential, impactful technologies.

As an angel investment vehicle, Audrey Capital typically participates in the earliest funding rounds. While specific check sizes are not publicly disclosed for every deal, their investments generally fall within the range of $100,000 to $500,000, positioning them as a significant early supporter in seed-stage companies. The firm has made approximately 10 to 12 investments since its inception, indicating a focused and deliberate investment pace. Beyond capital, Audrey Capital often provides strategic guidance and network access, particularly valuable within the web and open-source communities, given Mullenweg's deep connections.