TomorrowVentures

TomorrowVentures is an early-stage venture capital firm based in Palo Alto, California, established in 2009 by Eric Schmidt, the former CEO of Google. The firm distinguishes itself by focusing on lifestyle-oriented companies that leverage disruptive technologies to enhance how individuals live, work, and play. While their initial description emphasizes "lifestyle," their portfolio demonstrates a broader interest across various technology sectors, including consumer tech, enterprise software, healthcare, and fintech, all unified by their potential to significantly impact daily life.

The firm primarily targets seed-stage and Series A investments, seeking out passionate entrepreneurs who are developing innovative products and services. TomorrowVentures aims to provide more than just capital, offering strategic guidance and leveraging the extensive network and operational expertise of its small, experienced team. This approach is designed to support portfolio companies through their critical early growth phases, helping them scale and achieve market leadership.

Historically, TomorrowVentures has participated in significant early rounds for now-prominent companies. For instance, they were an early investor in Nest Labs, a smart home technology company acquired by Google, and also participated in early funding rounds for ride-sharing giant Uber. While early reports from around 2010 indicated typical check sizes ranging from $100,000 to $1 million, the firm's investment patterns have evolved with the venture landscape. Today, TomorrowVentures typically deploys first checks ranging from approximately $500,000 to $5,000,000, reflecting their continued commitment to leading or co-leading early-stage rounds in high-potential ventures. This flexible investment approach allows them to support a diverse range of companies from inception through their initial growth milestones.