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Structure Capital

North America, California, United States, San Francisco

Description

Structure Capital is a San Francisco-based venture capital firm renowned for its early-stage investments, primarily focusing on seed, pre-seed, and Series A rounds. Co-founded by Mike Walsh and Jillian Manus, the firm positions itself as more than just a capital provider, emphasizing its hands-on approach to support passionate teams in building impactful companies. Their investment philosophy centers on identifying disruptive technologies and business models, particularly those poised to transform traditional industries.

The firm exhibits a strong preference for sectors undergoing significant innovation, including logistics, supply chain, transportation, artificial intelligence, robotics, and various marketplace models. Structure Capital is known for its deep operational engagement with portfolio companies, leveraging its partners' extensive experience and network to provide strategic guidance, talent acquisition support, and market access. This collaborative approach aims to accelerate growth and mitigate early-stage challenges, fostering a robust foundation for long-term success.

Structure Capital has consistently raised substantial funds to support its investment strategy. For instance, their fifth fund, Structure Capital V, closed with $150 million in 2021, demonstrating continued investor confidence in their model. This capital enables them to deploy initial checks typically ranging from $500,000 to $2 million, with the flexibility to commit up to $5 million for larger seed or Series A rounds, or as significant follow-on capital. Their commitment to early-stage innovation and hands-on support makes them a notable player in the venture capital landscape, particularly for founders seeking more than just financial backing.

Investor Profile

Structure Capital has backed more than 90 startups, with 0 new investments in the last 12 months alone. The firm has led 8 rounds, about 9% of its total and boasts 27 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, Canada, Portugal.
  • Strong thematic focus on Mobile, E-Commerce, Internet.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (53%)
  • Series A (17%)
  • Series Unknown (9%)
  • Series B (6%)
  • Series C (4%)
  • Angel (4%)
  • Pre Seed (2%)
  • Debt Financing (2%)
  • Series D (1%)
  • Corporate Round (1%)

Country Focus

  • United States (88%)
  • Canada (9%)
  • Portugal (1%)
  • India (1%)
  • France (1%)

Industry Focus

  • Mobile
  • E-commerce
  • Internet
  • Marketplace
  • Travel
  • Apps
  • Saas
  • Hospitality
  • Mobile Apps
  • Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Structure Capital frequently co-invest with?

FJ Labs
North America, New York, United States, New York
Co-Investments: 5
ACME Capital
North America, Florida, United States, Boca Raton
Co-Investments: 5
QueensBridge Venture Partners
North America, California, United States, Los Angeles
Co-Investments: 6
500 Global
North America, California, United States, San Francisco
Co-Investments: 16
ZenStone Venture Capital
North America, California, United States, Santa Clara
Co-Investments: 5
Kima Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 5
Greylock
North America, California, United States, Menlo Park
Co-Investments: 4
Marc Bell Ventures
North America, Florida, United States, Boca Raton
Co-Investments: 6
Expansion Venture Capital
North America, New York, United States, New York
Co-Investments: 9
Outlander Fund I Archimedes
North America, New York, United States, New York
Co-Investments: 5

Which angels does Structure Capital often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 6
BW
North America, California, United States, Los Angeles
Shared Deals: 5
RM
North America, California, United States, San Francisco
Shared Deals: 3
FG
North America, New York, United States, New York
Shared Deals: 4
PC
North America, California, United States, Los Angeles
Shared Deals: 6
Cyan Banister
North America, California, United States, San Francisco
Shared Deals: 4
SB
North America, California, United States, San Francisco
Shared Deals: 6
DK
North America, New York, United States, New York
Shared Deals: 3
MW
North America, California, United States, San Francisco
Shared Deals: 3
SP
North America, California, United States, San Francisco
Shared Deals: 4

What are some of recent deals done by Structure Capital?

Biofire

Broomfield, Colorado, United States

Biofire is a leading defense technology company dedicated to building the future of firearms

BiometricsConsumer ElectronicsGovernmentLaw EnforcementMilitaryPublic SafetySecurity
Series ANov 7, 2022
Amount Raised: $15,200,000
Pogoseat

Venice, California, United States

Pogoseat is an enterprise solution for sports teams & concert venues that enhances the fan experience and provides greater flexibility.

ConcertsE-CommerceEnterprise SoftwareEventsMessagingMobileSportsTicketing
Series UnknownJun 1, 2021
Amount Raised: $1,000,000
Artera

Santa Barbara, California, United States

Artera is a SaaS digital health leader in patient communications.

Enterprise SoftwareHealth CareMedicalSaaS
Series CNov 24, 2020
Amount Raised: $45,000,000
ShearShare

Mckinney, Texas, United States

First mobile marketplace that provides space-as-a-service and usage-based insurance for the beauty & barbering industry (verticalized SaaS)

B2BBeautyMarketplaceMobileMobile AppsSaaSSharing Economy
SeedOct 26, 2020
Amount Raised: $2,100,000
Food.ee

Vancouver, British Columbia, Canada

Food.ee is a fun and simple service which delivers meals, snacks, cakes and alcohol to your office.

AppsE-Commerce
Series UnknownJul 13, 2020
Amount Raised: $9,550,881
Unbabel

Lisbon, Lisboa, Portugal

Unbabel allows modern enterprises to understand and be understood by their customers in dozens of languages.

Artificial Intelligence (AI)B2BMachine LearningNatural Language ProcessingSoftwareTranslation Service
Series CSep 23, 2019
Amount Raised: $60,000,000
Copia

Laguna Beach, California, United States

Copia is the next-generation technology platform for food waste management.

Enterprise SoftwareHospitalityHotelManufacturingRestaurantsSaaSSupply Chain ManagementSustainability
SeedJul 15, 2019
Amount Raised: $1,480,000
Sonder

San Francisco, California, United States

Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world.

HospitalityTourismTravel
Series DJul 11, 2019
Amount Raised: $225,000,000
CareGuide

Toronto, Ontario, Canada

CareGuide connects families with care providers at Sitter.com, Housekeeper.com, PetSitter.com, ElderCare.com, and HouseSitter.com.

Child CareElder Care
Series UnknownMay 29, 2019
Amount Raised: $2,000,000
CANOPY

San Francisco, California, United States

CANOPY is an exceptional network of shared workspaces for both accomplished professionals and aspirational entrepreneurs.

CommunitiesCoworking
Corporate RoundMay 23, 2019
Amount Raised: $2,000,000