Backend Capital

Backend Capital is an early-stage venture capital firm based in Hollywood, California, founded by prominent figures Lucy Guo and Delian Asparouhov. Launched with a distinct focus, the firm primarily targets pre-seed and seed-stage companies, with a particular emphasis on backing "brilliant engineers" and technical founders. Their investment thesis centers on identifying highly skilled individuals building foundational technologies, aiming to be the very first institutional capital provider for these nascent ventures.

The firm's investment strategy is characterized by its early engagement and a typical first check size ranging from approximately $250,000 to $1,000,000. Backend Capital raised its inaugural fund, Fund I, totaling $15 million in 2019, quickly establishing its presence in the early-stage ecosystem. This was followed by Fund II, which closed at $20 million in 2021, further solidifying their capacity to support a growing portfolio of promising startups. They are known for their speed and founder-friendly approach, often making quick decisions to support technical teams.

Beyond capital, Backend Capital distinguishes itself through the hands-on involvement and operational expertise of its founders, both of whom have significant experience as successful entrepreneurs and engineers. This allows them to offer strategic guidance and practical support, helping their portfolio companies navigate the challenges of early-stage growth. Their network and deep understanding of product development and engineering are key resources for the startups they back.

Backend Capital has built a reputation for identifying high-potential companies at their earliest stages, contributing to the development of innovative technologies. Their commitment to technical founders and their strategic, supportive approach positions them as a valuable partner for engineers looking to transform their ideas into impactful businesses.