Seven Peaks Ventures

Seven Peaks Ventures is an early-stage venture capital firm primarily based in Bend, Oregon, despite the initial input suggesting San Francisco. The firm is dedicated to funding highly scalable B2B software businesses, with a particular emphasis on companies emerging from or with strong ties to the Pacific Northwest region. Their investment thesis centers on identifying innovative teams building foundational technologies in areas like Software-as-a-Service (SaaS), Artificial Intelligence/Machine Learning (AI/ML), and cloud infrastructure. They aim to be a foundational partner for startups, offering not just capital but also strategic guidance and access to a robust network.

The firm typically engages with companies at the Seed and Series A stages, providing crucial early-stage capital to help promising ventures scale their operations and product development. Their initial check sizes generally range from $500,000 to $2 million, reflecting their commitment to being a significant first institutional investor. Beyond the initial investment, Seven Peaks Ventures maintains a strong capacity for follow-on funding, capable of investing up to $5 million over the life of a portfolio company. This long-term approach underscores their belief in nurturing growth and supporting companies through multiple funding rounds.

Seven Peaks Ventures has demonstrated consistent growth in its capital base, enabling it to support an expanding portfolio. Their most recent fund, Fund IV, successfully closed at $75 million in 2023, following a $55 million close for Fund III in 2021. This increasing fund size allows them to make more substantial initial investments and provide more robust follow-on support. The firm's partners, including Dino Vendetti and Tom Gonser, bring deep operational and entrepreneurial experience, which they leverage to provide hands-on support to their portfolio companies, helping them navigate the challenges of rapid growth and market expansion.