Eniac Ventures

Eniac Ventures is a prominent seed-stage venture capital firm, recognized for its pioneering role in the early-stage investment landscape. Founded in 2009, it stands as one of the longest-running seed-focused funds, consistently backing ambitious founders who leverage code to build transformative companies. Based in New York City and San Francisco, Eniac maintains a strong presence across key innovation hubs, although its investment scope is global.

The firm's investment thesis centers on leading seed rounds in deep tech, artificial intelligence, SaaS, developer tools, and other frontier technologies. Eniac Ventures typically deploys initial checks ranging from $1 million to $5 million, aiming to be the first institutional capital and a significant partner to its portfolio companies. Beyond capital, Eniac emphasizes providing hands-on support, leveraging its extensive network, and offering strategic guidance to help startups navigate the complexities of early growth and subsequent funding rounds.

Eniac Ventures has demonstrated a robust fundraising trajectory, reflecting its sustained success and investor confidence. Their most recent fund, Fund VI, closed in 2022 with $125 million in committed capital, bringing their total assets under management to over $400 million across six funds. This substantial capital base allows them to not only lead seed rounds but also reserve significant capital for follow-on investments in their most promising portfolio companies.

With a portfolio exceeding 150 companies, Eniac has a proven track record of identifying and nurturing high-potential startups. Notable exits include Hinge, a dating app acquired by Match Group; Boxed, an online bulk retailer that went public via SPAC; and Kustomer, a customer service platform acquired by Meta. These successes underscore Eniac's ability to identify disruptive technologies and support founders through critical growth stages, ultimately generating strong returns for its limited partners.