Capital Factory

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jan 28, 2026	DexMat	$9.2M Seed	non sibi ventures	BetterWay, Governance Partners, Tailwind
Oct 1, 2025	HavocAI	$85.0M Series A	—	7 Gate Ventures, Alumni Ventures, B Capital Group, E1 Ventures, Grit Ventures, Scout Ventures, Trajectory Ventures
Oct 1, 2025	Aragorn AI	$4.0M Seed	—	Austin Ventures, Jump Capital, LiveOak Venture Partners, Next Coast Ventures, William Boebel
Oct 1, 2025	Avid AI	$7.0M Seed	—	Austin Ventures, Interlock Partners, What If Ventures
Jul 1, 2025	XMTP	$20.0M Series B	—	Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Bailhe, Batalion Capital, Broadstone, Form Capital, FTX Ventures, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, Multicoin Capital, Not Boring Capital, Ben Huh, Pantera Capital, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Sound Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, Wave Financial, White Loop Capital, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jess Sloss, Joe Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, William Boebel
Jun 1, 2025	Levelpath	$55.0M Series B	—	Adapt Ventures, AirAngels, Alumni Ventures, Authentic Ventures, Battery Ventures, Benchmark, BoxGroup, Browder Capital, CapitalX, Fifth Wall, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Redpoint Ventures, SRB Ventures, Thirty Five Ventures, Uncork Capital, Weekend Fund, Adam Guild, Akshay Kothari, Arash Ferdowsi, Cory Levy, Priyank Chandra, Quinn Slack, Rich Miner, Scot Wingo, Siqi Chen, Suhail Doshi
Jun 1, 2025	Definely	$30.0M Series B	—	Adapt Ventures, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, CapitalX, Fifth Wall, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, NextView Ventures, Not Boring Capital, Octopus Ventures, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Raine Ventures, Redpoint Ventures, SRB Ventures, Systemiq Capital, Thirty Five Ventures, Uncork Capital, Adam Guild, Claire Hughes Johnson, Cory Levy, Priyank Chandra, Quinn Slack, Rich Miner, Scot Wingo
May 1, 2025	Wander	$50.0M Series B	—	Adapt Ventures, Alt Capital, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, CapitalX, Clear Ventures, Fifth Wall, Foundation Capital, Founders Fund, FPV Fund, FTX Ventures, Infinite Niches, Kepler Operator’s Fund, Meritech Capital Partners, Mischief Venture Capital, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Prosperity7 Ventures, Redpoint Ventures, Saga, SRB Ventures, Summit Partners, TCV, The Hit Forge, Thirty Five Ventures, Trinity Ventures, Uncork Capital, Adam Guild, Cherian Mathew, Christina Cacioppo, Cory Levy, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Priyank Chandra, Quinn Slack, Rich Miner, Scott Belsky, Scot Wingo, Sean Rad, Siqi Chen
Apr 1, 2025	Aetherflux	$50.0M Series A	—	7 Gate Ventures, B Capital Group, Draper Associates, E1 Ventures, Future Shape, Grit Ventures, Index Ventures, Kleiner Perkins, Outlier Ventures, Sequoia Capital, Trajectory Ventures, Visionaries Club, Charlie Cheever
Mar 1, 2025	Synctera	$15.0M Series A	—	7 Gate Ventures, B Capital Group, E1 Ventures, Fin Capital, Grit Ventures, Inspired Capital, Oak HC/FT, Pareto Holdings, SciFi VC, Trajectory Ventures, Ansaf Kareem, Kevin Weil, Omri Dahan, Tom Williams
Feb 1, 2025	Apptronik	$400.0M Series A	—	7 Gate Ventures, AirAngels, AIX Ventures, Alumni Ventures, Axiom Partners, B Capital Group, C2 Investment, E1 Ventures, Grit Ventures, Innovation Endeavors, Long Journey Ventures, Mana Ventures, Prosperity7 Ventures, Race Capital, Social Capital, SparkLabs Group, TDK Ventures, The Hit Forge, Trajectory Ventures, Transpose platform, Uncork Capital, Aravind Bharadwaj, Ben Wiener, George Godula, Gokul Rajaram, Sahin Boydas, Tal Cohen
Oct 1, 2024	Marqii	$10.0M Venture Round	—	Austin Ventures, Jump Capital, LiveOak Venture Partners, Next Coast Ventures, William Boebel
Sep 1, 2024	Blue Sky Robotics	$75K Seed	—	Adapt Ventures, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, CapitalX, Fifth Wall, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Redpoint Ventures, SRB Ventures, Thirty Five Ventures, Uncork Capital, Adam Guild, Cory Levy, Priyank Chandra, Quinn Slack, Rich Miner
Jul 1, 2024	Stairpay	$960K Seed	—	Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Batalion Capital, Broadstone, Form Capital, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, Not Boring Capital, Ben Huh, Pantera Capital, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Seven Seven Six, Sound Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jess Sloss, Joe Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, William Boebel
Mar 1, 2024	Ensis	$4.0M Seed	—	Draper Associates, NextGen Venture Partners, Gokul Rajaram
Nov 1, 2023	EthXY	$2.0M Seed	—	Altos Ventures, Flex Capital, Long Journey Ventures, Morado Venture Partners, Sutter Hill Ventures, The Hit Forge, Tribe Capital, Othman Laraki, Scott Banister, William Boebel
Sep 1, 2023	Diligent Robotics	$34.0M Venture Round	—	Alumni Ventures, Austin Ventures, Canaan Partners, DNX Ventures, Energy Impact Partners, Inspired Capital, Johnson, Jump Capital, LiveOak Venture Partners, Next Coast Ventures, OODA Ventures, Tiger Global Management, True Ventures, William Boebel
Sep 1, 2023	Proof of Play	$33.0M Seed	—	040 Capital, Accel, Adverb Ventures, Alchemy Ventures, Ambush Capital, Andreessen Horowitz, AngelList, Awesome People Ventures, Batalion Capital, BEENEXT, Blockchain.com Ventures, BlockTower Capital, Bow Capital, Broadstone, C2 Investment, Craft Ventures, DBL Partners, Dragonfly Capital Partners, Dreamers VC, Matthew Brimer, Form Capital, Founder Collective, Founders Fund, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Index Ventures, Infinity Ventures Crypto, Kleiner Perkins, La Famiglia, Lightspeed Venture Partners, Luv Ventures, M34 Capital, Meritech Capital Partners, Morado Venture Partners, Northzone, Hans Tung, Not Boring Capital, Ben Huh, Pantera Capital, Pareto Holdings, Pear VC, Pharos Capital Group, Picus Capital, Pioneer Fund, Polychain Capital, Polygon, Redpoint Ventures, REMUS Capital, Robot Ventures, Scalar Capital, Seven Seven Six, SID Venture Partners, Slow Ventures, Sound Ventures, Spark Capital, The Hit Forge, Tiger Global Management, Timespan Ventures, Todd and Rahul's Angel Fund, Trammell Venture Partners, Union Square Ventures, Spencer Noon, Visionaire Ventures, VoLo Earth Ventures, Y Combinator, Aaron Levie, Akshay Kothari, Aleksander Leonard Larsen, Anselm Bauer, Anthony Pompliano, Balaji Srinivasan, Benjamin Guenther, Bobby Goodlatte, Chris Kurdziel, Cory Levy, Courtney Guertin, Dylan Field, Ethan Beard, Fernando Martinelli, Frederic Kerrest, Griffin Johnson, Howie Liu, Itamar Lesuisse, Jeremy Stoppelman, Jess Sloss, Joe Stump, John Collison, Julian Koh, Justin Mateen, Kevin Lin, Kevin O'Leary, Mark Cuban, Max-Josef Meier, Max Mullen, Michael Dunworth, Narendra Rocherolle, Neha Narkhede, Nick van Eck, Paul Stamatiou, Reggie James, Ricky Engelberg, Sam Blond, Scott Belsky, Sebastian Schuon, Sebastien Borget, Shishir Mehrotra, Stani Kulechov, Tegan Kline, William Boebel, William Hockey
Sep 1, 2023	Levelpath	$30.0M Series A	—	Adapt Ventures, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, CapitalX, Fifth Wall, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Redpoint Ventures, SRB Ventures, Thirty Five Ventures, Uncork Capital, Adam Guild, Cory Levy, Priyank Chandra, Quinn Slack, Rich Miner, Scot Wingo
Aug 1, 2023	SpyCloud	$110.0M Series D	—	Floodgate, Next Coast Ventures, Silverton Partners, Rajiv Bala
Aug 1, 2023	Osano	$25.0M Series B	—	Austin Ventures, Jump Capital, LiveOak Venture Partners, Mayfield, Next Coast Ventures, Stage 2 Capital, Vested Finance, Joey Low, Micha Y. Breakstone, William Boebel, Will Szczerbiak
Jan 1, 2023	Reflect	$1.0M Seed	—	Accomplice VC, Austin Ventures, Better Tomorrow Ventures, Dunce Capital, Flex Capital, Matrix, SNR, Springdale Ventures, The Hit Forge, True Ventures, Rick Lewis
Aug 1, 2022	Mural	$6.0M Seed	—	Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Batalion Capital, Broadstone, Connect Ventures, Form Capital, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, Not Boring Capital, Ben Huh, Pantera Capital, Pareto Holdings, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Seven Seven Six, Sound Ventures, Stride VC, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, Y Combinator, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jeff Seibert, Jess Sloss, Joe Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, Wayne Chang, William Boebel
Jul 1, 2022	Arkive	$10.0M Seed	—	9Yards Capital, Adverb Ventures, AirAngels, Alchemy Ventures, Alumni Ventures, Ambush Capital, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Asymmetric, Awesome People Ventures, Batalion Capital, Bling Capital, Broadstone, Color Capital, Craft Ventures, Darling Ventures, Elefund, Ensemble VC, FirstMark Capital, Form Capital, Founders Fund, FPV Fund, Freestyle Capital, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Innovent Capital Group, Interlace Ventures, Jigsaw VC, K9 Ventures, Kepler Operator’s Fund, Lam Research Capital, LGF, Lightspeed Venture Partners, Long Journey Ventures, Menlo Ventures, Moonshots Capital, Multicoin Capital, Ann Bordetsky, Not Boring Capital, Ben Huh, Otherwise Fund, Pantera Capital, Paradigm, Patron, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Seed Club Ventures, Sentiero Ventures, Seven Seven Six, Sinai Ventures, Skyriver Ventures, Sound Ventures, Spero Ventures, SRB Ventures, Susa Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Tribe Capital, TSVC Capital, Union Square Ventures, Vine Ventures LP, Y Combinator, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Brad Holden, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Furqan Rydhan, Itamar Lesuisse, James Beshara, JD Ross, Jeffrey Lee, Jess Sloss, Joe Stump, Julian Shapiro, Leore Avidar, Louis Beryl, Matteo Franceschetti, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Russell Cook, Scott Banister, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Stewart Butterfield, Tegan Kline, Todd Corenson, Vivek Garipalli, William Boebel
May 1, 2022	SpotOn	$300.0M Series F	—	Altari Ventures, Andreessen Horowitz, Broadway Angels, Dragoneer Investment Group, DST Global, Foundation Capital, Founders Fund, FTAC Ventures, Hanaco Ventures, Iporanga Ventures, LGF, Mischief Venture Capital, monashees, Y Combinator, Arash Ferdowsi, Dylan Field, Roger Laughlin Carvallo, Stewart Butterfield

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Capital Factory.

Deep Dive

Capital Factory is a leading early-stage venture capital firm and startup accelerator based in Texas, recognized as the most active early-stage investor in the state since 2010. Its mission centers on being the "center of gravity" for entrepreneurs outside Silicon Valley, particularly in Texas, by connecting startups with investors, mentors, customers, and talent. The firm focuses on investing in U.S.-based technology companies at the prototype, early revenue, and scaling stages, emphasizing value beyond capital through its extensive network and operational support. Capital Factory’s portfolio includes over 750 active companies, featuring eight of Texas’ 20 unicorns, highlighting its significant impact on the regional startup ecosystem and its role in fostering innovation across sectors like technology and dual-use (civilian and federal) markets[1][2][5].

Founded in 2009, Capital Factory was established to fill a gap in the Texas startup ecosystem by providing a hub for entrepreneurs to access capital, mentorship, and community. The firm has expanded its physical presence with offices in Austin, Dallas, Houston, and San Antonio, creating a statewide network that supports startups at various growth stages. Its founding team and leadership bring diverse expertise spanning startups, government, venture capital, and community building, which has helped evolve Capital Factory from a local accelerator to a major player in the U.S. venture capital landscape. The firm’s evolution reflects a deep commitment to collaboration and innovation, hosting influential figures and fostering serendipitous connections through initiatives like Capital Factory House, a dynamic event space designed to facilitate curated introductions and partnerships[2][3].

Core Differentiators

Unique Investment Model: Focuses on early-stage U.S. tech companies where it can add value beyond capital, often providing follow-on funding and emphasizing connections over check size ($25k to $200k typical)[1].
Network Strength: Extensive ecosystem across Texas with boots on the ground in multiple cities, linking entrepreneurs to investors, customers, mentors, and talent nationwide[1][2].
Track Record: Over 750 active portfolio companies including multiple unicorns, making it the most active early-stage investor in Texas since 2010[1][2].
Operating Support: Provides hands-on support through mentorship, educational sessions, and curated networking events like Capital Factory House, fostering community and serendipitous innovation[3].

Role in the Broader Tech Landscape

Capital Factory rides the trend of decentralizing innovation from Silicon Valley, capitalizing on Texas’s rise as a major startup hub with a growing tech workforce and favorable business climate. Its timing is crucial as more entrepreneurs seek ecosystems outside traditional coastal centers. The firm leverages Texas’s unique position, including opportunities in federal and dual-use markets, to influence the broader ecosystem by connecting startups with government contracts, large corporations, and global investors. This approach not only accelerates local innovation but also integrates Texas startups into national and international markets, reinforcing the state’s growing prominence in technology and entrepreneurship[1][2][5].

Quick Take & Future Outlook

Looking ahead, Capital Factory is poised to deepen its influence by expanding its network and continuing to support startups through scaling phases, particularly those bridging commercial and federal sectors. Trends such as increased remote work, regional tech ecosystem growth, and government innovation initiatives will shape its journey. The firm’s emphasis on curated connections and operational support positions it well to remain a critical hub for entrepreneurs seeking to leverage Texas’s unique advantages. As the startup landscape evolves, Capital Factory’s role as a connector and enabler will likely grow, reinforcing its status as a cornerstone of innovation outside Silicon Valley[3][5].

Sources

Core Differentiators

Unique Investment Model: Focuses on early-stage U.S. tech companies where it can add value beyond capital, often providing follow-on funding and emphasizing connections over check size ($25k to $200k typical)[1].
Network Strength: Extensive ecosystem across Texas with boots on the ground in multiple cities, linking entrepreneurs to investors, customers, mentors, and talent nationwide[1][2].
Track Record: Over 750 active portfolio companies including multiple unicorns, making it the most active early-stage investor in Texas since 2010[1][2].
Operating Support: Provides hands-on support through mentorship, educational sessions, and curated networking events like Capital Factory House, fostering community and serendipitous innovation[3].