Structure Capital
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
Frequently Asked Questions
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