
Surface Ventures
Description
Surface Ventures is a New York-based venture capital firm specializing in pre-seed and seed-stage investments, exclusively partnering with B2B software companies. Established with its inaugural fund, Surface Ventures Fund I, in 2022, the firm has quickly carved out a niche by focusing on early-stage enterprise technology solutions. Their strategic emphasis on B2B software reflects a deep understanding of the sector's unique growth dynamics and market opportunities, positioning them as a specialized partner for nascent startups in this space.
The firm's investment strategy is characterized by its targeted approach to initial capital deployment. Surface Ventures typically writes first checks ranging from $500,000 to $1.5 million, providing crucial early funding for companies to develop their product, secure initial customers, and build out their foundational teams. This focused check size aligns with the needs of pre-seed and seed-stage companies, enabling them to achieve key milestones without excessive dilution. The firm's first fund, Surface Ventures Fund I, closed with $20 million in capital commitments, underscoring its capacity to support a portfolio of promising B2B software ventures.
Beyond capital, Surface Ventures aims to be an active and supportive investor. Their team leverages extensive experience within the B2B software ecosystem to provide strategic guidance, operational support, and access to a valuable network of industry experts and potential customers. As of early 2024, the firm has made over a dozen investments, demonstrating a consistent commitment to identifying and nurturing innovative B2B software solutions. Their hands-on approach is designed to help founders navigate the challenges of early-stage growth, from product-market fit to scaling go-to-market strategies, ultimately aiming to accelerate their portfolio companies' journey towards Series A funding and beyond.
Investor Profile
Surface Ventures has backed more than 43 startups, with 5 new investments in the last 12 months alone. The firm has led 21 rounds, about 49% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Software, Health Care, Artificial Intelligence (AI).
- Led 2 rounds in the past year.
- Typical check size: $500K – $1.5M.
Stage Focus
- Seed (47%)
- Pre Seed (40%)
- Series A (12%)
- Convertible Note (2%)
Country Focus
- United States (91%)
- Canada (5%)
Industry Focus
- Software
- Health Care
- Artificial Intelligence (Ai)
- Information Technology
- Saas
- Analytics
- Fintech
- Mental Health
- Health Insurance
- Wellness
Frequently Asked Questions
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