Quarry

Quarry is a San Francisco-based venture capital firm established in 2022 by seasoned tech veterans Ben Elowitz and Josh Elman. The firm launched with its inaugural vehicle, Quarry Fund I, a $100 million fund dedicated to backing promising early-stage companies. With its foundation rooted in deep operational and investment experience, Quarry aims to leverage the expertise of its general partners to identify and nurture the next generation of successful startups.

The firm primarily targets early-stage investments, spanning from seed rounds to Series A, with a keen focus on companies exhibiting strong product-led growth, robust network effects, and innovative marketplace models. Quarry seeks out founders who are building defensible businesses through superior product experiences and engaged user communities. Their investment philosophy emphasizes the critical role of product in driving organic growth and creating sustainable competitive advantages in various sectors.

Quarry's typical first check size ranges from $500,000 to $5 million, demonstrating their commitment to providing substantial early capital. For larger seed rounds or Series A opportunities, the firm has the flexibility to extend its investment up to $10 million. From their initial $100 million fund, Quarry plans to make approximately 20 to 25 investments, indicating a concentrated portfolio approach where they can provide meaningful support to each company. The combined experience of Elowitz, a multi-time CEO and angel investor, and Elman, a former Greylock partner and product leader at companies like Twitter and Facebook, positions Quarry as a value-add partner for founders navigating the complexities of early-stage growth.