FYRFLY Venture Partners
Description
FYRFLY Venture Partners is a San Francisco-based venture capital firm established in 2023, specializing in early-stage investments at the nexus of data, intelligence, and the future of work. The firm primarily targets pre-seed and seed-stage companies, focusing on thesis-driven opportunities within key sectors such as Applied AI, Data Infrastructure, Future of Work, and Vertical SaaS. FYRFLY is led by Managing Partner David Blumberg, who brings extensive experience from his previous venture capital firm, Blumberg Capital, and Partner Ryan Blumberg.
In September 2023, FYRFLY Venture Partners successfully closed its inaugural fund, FYRFLY Venture Partners Fund I, LP, with a total capital commitment of $50 million. This fund is dedicated to supporting innovative startups that are leveraging data and intelligence to reshape industries. The firm's investment strategy emphasizes identifying companies with strong foundational technology and significant market potential within their defined areas of interest.
Despite its recent inception, FYRFLY has already begun deploying capital, demonstrating its commitment to its investment thesis. Notable early investments include participation in the $1.5 million pre-seed round for Parea and the $3 million seed round for Lumina. These initial investments align with FYRFLY's focus on supporting nascent companies poised for significant growth in the data and intelligence landscape. The firm aims to be a hands-on partner, providing strategic guidance and leveraging its network to help portfolio companies scale.
Investor Profile
FYRFLY Venture Partners has backed more than 33 startups, with 1 new investments in the last 12 months alone. The firm has led 12 rounds, about 36% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Switzerland, Germany.
- Strong thematic focus on Software, SaaS, Artificial Intelligence (AI).
- Typical check size: $500K – $2M.
Stage Focus
- Seed (42%)
- Series A (27%)
- Series Unknown (15%)
- Pre Seed (6%)
- Series B (6%)
- Convertible Note (3%)
Country Focus
- United States (52%)
- Switzerland (36%)
- Germany (3%)
- Australia (3%)
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- France (3%)
- Ireland (3%)
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Industry Focus
- Software
- Saas
- Artificial Intelligence (Ai)
- Analytics
- Health Care
- Augmented Reality
- Health Diagnostics
- Medical
- Medical Device
- Mhealth
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.
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