
Corazon Capital
Description
Corazon Capital is a Chicago-based venture capital firm primarily focused on early-stage opportunities, specifically Seed and Series A rounds. Co-founded by Sam Yagan, a seasoned entrepreneur known for his work with OkCupid and as former CEO of Match Group, and Steve Farsht, the firm leverages its founders' deep operational experience to support portfolio companies. They aim to partner with ambitious founders building transformative businesses, particularly within the consumer internet and related technology sectors.
The firm's investment thesis centers on identifying companies with strong product-market fit, scalable business models, and significant market potential. Corazon Capital actively invests across a range of industries, including consumer technology, marketplaces, software-as-a-service (SaaS), fintech, and digital media. Their hands-on approach involves providing strategic guidance, operational insights, and access to their extensive network, helping startups navigate critical growth phases from initial product development to market expansion.
Corazon Capital typically deploys initial checks ranging from $1 million to $3 million, with a capacity for substantial follow-on investments as companies mature. This allows them to support their portfolio companies through subsequent funding rounds. The firm has demonstrated consistent growth in its capital base, exemplified by its most recent vehicle, Corazon Capital III, which closed in 2021 with $75 million in commitments. This fund size underscores their continued commitment to backing promising early-stage ventures and reflects their established presence in the venture ecosystem.
Investor Profile
Corazon Capital has backed more than 93 startups, with 2 new investments in the last 12 months alone. The firm has led 22 rounds, about 24% of its total and boasts 15 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Software, E-Commerce, Artificial Intelligence (AI).
- Led 1 rounds in the past year.
- Typical check size: $1M – $3M.
Stage Focus
- Seed (40%)
- Series A (29%)
- Series B (12%)
- Pre Seed (8%)
- Series Unknown (8%)
- Series C (3%)
- Series D (1%)
Country Focus
- United States (98%)
- Canada (1%)
Industry Focus
- Software
- E-commerce
- Artificial Intelligence (Ai)
- Saas
- Internet
- Marketplace
- Analytics
- Enterprise Software
- Travel
- Manufacturing
Frequently Asked Questions
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