Cyphr VC

ActiveVenture Capital

LinkedIn X

Updated: Dec 20, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 1, 2024	Jam	$9.0M Series A	—	Active Capital, Addition, Afore Capital, AIX Ventures, Andreessen Horowitz, Backstage Capital, Banana Capital, B Capital Group, Bedrock Capital, Bessemer Venture Partners, BoxGroup, C2 Investment, CapitalX, Color Capital, Craft Ventures, DTCP, Electric Capital, First Round Capital, Flex Capital, Innovation Endeavors, IVP, LGF, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Maven Ventures, Dan Cahana, Robin Li, Notable Capital, Paradox Capital, Preston-Werner Ventures, Primary Venture Partners, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, Sommet AB, The Club, The Hit Forge, Tiger Global Management, Two Sigma Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Amjad Masad, Anthony Pompliano, Balaji Srinivasan, Ben Tossell, Bob Muglia, Chris Herd, Dharmesh Shah, Dylan Field, Greg Isenberg, Guillermo Rauch, Ilya Golubovich, Immad Akhund, Jaime Schmidt, Jeff Bezos, Julian Shapiro, Justin Welsh, Kyle York, Louis Beryl, Mark Goines, Mattia Astori, Moshe Lifschitz, Musaab Hakami, Peter Sonsini, Sahil Lavingia, Sahin Boydas, Sam Parr, Shane Neman, Stanley Druckenmiller, Tim Griffin, Tobias Lutke, Yann LeCun, Zack Kanter
Dec 1, 2023	Capra Biosciences	$3.0M Seed	—	Alumni Ventures, Underscore VC, Max Blumenthal
May 1, 2023	Zamp	$4.0M Seed	—	1Up Ventures, 20VC, Acorn Pacific Ventures, ActivumSG, AME Cloud Ventures, Bennu, BITKRAFT Ventures, Broadway Angels, Commerce Ventures, Day One Ventures, Deerfield Management, DFJ, Jenny Fielding, Scott Hartley, f7 Ventures, Friends & Family Capital, Gaingels, Hardware Club, Lightspeed Venture Partners, Monroe Capital, Mucker Capital, Obvious Ventures, Original Capital, Pareto Holdings, Pioneer Fund, Point Nine Capital, Polygon, Redpoint Ventures, Soma Capital, Stride VC, TrueSight Ventures, TTV Capital, Uncork Capital, UpHonest Capital, Vast Ventures, Vayner RSE, Azeem Azhar, Baron Davis, Brad Garlinghouse, Chris Murphy, Dan Springer, Frederic Montagnon, Gokul Rajaram, Haroon Mokhtarzada, Ian Hogarth, Jason Gardner, Jason Robins, Jonathan Wasserstrum, Marc McCabe, Matt Mickiewicz, Nitay Joffe, Omar Soliman, Pascal Gauthier, Paul Holland, Peter Kight, Richard Fearn, Sébastien Deguy, Tamim Mourad, Tegan Kline, Thibaud Elziere, Will Kassoy, Yahya Mokhtarzada
Apr 1, 2023	Patientory	$2.0M Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Feb 1, 2023	OpenEyes	$18.0M Series A	—	Grove Ventures, Insight Partners, MoreVC, Pitango Venture Capital, Redline Capital, TLV Partners, Wing Venture Capital
Apr 1, 2022	Bubble Goods	$1.0M Seed	—	Active Capital, Backstage Capital, Banana Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cross Culture Ventures, Founders Fund, Shawn Modarresi, Klossy, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Marcy Venture Partners, Paradox Capital, Prototype Capital, Rising Tide Partners, RX3 Growth Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Thirty Five Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Eric Ries, Greg Isenberg, Immad Akhund, Jaime Schmidt, Jay Z, Julian Shapiro, Justin Timberlake, Justin Welsh, Kat Cole, Kyle York, Moshe Lifschitz, Musaab Hakami, Pau Gasol, Paul Yacoubian, Robyn Rihanna Fenty, Sahil Lavingia, Sam Parr, Tim Ferriss, Troy Carter, Zack Kanter
Apr 1, 2022	Levels	$38.0M Series A	—	01 Advisors, AAF Management Ltd., Kevin Hartz, Active Capital, Adapt Ventures, Afore Capital, AirAngels, Andreessen Horowitz, AngelList, at.inc/, Backed VC, Backstage Capital, Bain Capital, Basecamp Fund, Bedrock Capital, Bessemer Venture Partners, Brainchild, Buckley Ventures, C2 Investment, Caffeinated Capital, CapitalX, Color Capital, Costanoa Ventures, Craft Ventures, CrunchFund, Ali Tamaseb, Divergence Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Forum Ventures, Founder Collective, Future Ventures, General Catalyst, Global Founders Capital, Greylock, Helium-3 Ventures, Hustle Fund, Incisive Ventures, Kearny Jackson, KW Angel Fund, Lightspeed Venture Partners, Liquid 2 Ventures, LOI Venture, Long Journey Ventures, NextView Ventures, Not Boring Capital, Paradox Capital, Pioneer Square Labs, Precursor Ventures, Prototype Capital, Quiet Capital, Rising Tide Partners, Rivet Ventures, SaaSholic Fund, Scale Asia Ventures, Sequoia Capital, Shaan's All Access Fund, Shrug Capital, Solana Ventures, Soma Capital, Supernode Ventures, The Club, The Community Fund, The Hit Forge, Todd and Rahul's Angel Fund, Underscore VC, Unruly Capital, Unusual Ventures, UpHonest Capital, Vibe Capital, VZVC, Wave Capital, Weekend Fund, What If Ventures, Y Combinator, YLEM, Alex Lieberman, Anthony Pompliano, Arash Ferdowsi, Aston Motes, Augusto Marietti, Ben Tossell, Bradley Horowitz, Brendan O'Driscoll, Chris Herd, Dharmesh Shah, Dylan Field, Greg Isenberg, Howie Liu, Immad Akhund, Jack Smith, Jaime Schmidt, Jeremy Cai, Julian Shapiro, Justin Welsh, Karim Atiyeh, Kyle York, Louis Beryl, Maia Bittner, Manik Gupta, Mario Gabriele, Matt Bellamy, Matteo Franceschetti, Matthew Dellavedova, Moshe Lifschitz, Musaab Hakami, Paul McKellar, Paul Yacoubian, Sahil Lavingia, Sam Parr, Scott Banister, Scott Belsky, Siqi Chen, Sumon Sadhu, William Hockey, Zack Kanter
Mar 1, 2022	Modern Intelligence	$5.0M Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Mar 1, 2022	Nifty League	$5.0M Seed	—	Bennu, Commerce Ventures, FJ Labs, Lerer Hippeau, Monroe Capital, Mucker Capital, Vayner RSE, Baron Davis, Haroon Mokhtarzada, Jason Gardner, Jason Robins, Omar Soliman, Peter Kight, Sean Rad, Sébastien Deguy, Tamim Mourad, Will Kassoy, Yahya Mokhtarzada
Mar 1, 2022	Hourwork	$10.0M Series A	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Positive Sum VC, Prototype Capital, Rising Tide Partners, Rogue Capital Collective, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, York IE, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Mar 1, 2022	Popchew	$4.0M Seed	—	Active Capital, Andreessen Horowitz, Anti fund, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, Bond, BoxGroup, Browder Capital, CapitalX, Color Capital, Craft Ventures, Aniq Kassam, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Not Boring Capital, Paradox Capital, Pareto Holdings, Prototype Capital, Republic, Rising Tide Partners, SaaSholic Fund, Seven Seven Six, Shaan's All Access Fund, The Club, The Hit Forge, Trajectory Ventures, Vibe Capital, Weekend Fund, XFactor Ventures, Adam Guild, Adrian Aoun, Alex Lieberman, Anthony Pompliano, Balaji Srinivasan, Ben Tossell, Chris Herd, Cory Levy, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Marcy Simon, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Altman, Sam Parr, Shane Curran, Shane Neman, Steve Aoki, Tim Ferriss, Zack Kanter
Mar 1, 2022	finally	$11.0M Series A	—	Active Capital, Amicus Capital, Backstage Capital, Baroda Ventures, B Capital Group, Bedrock Capital, Bessemer Venture Partners, Bow Capital, CapitalX, Color Capital, Craft Ventures, Fin Capital, Idealab, LGF, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Resolute Ventures, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, SignalFire, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Eddie Lou, Gokul Rajaram, Greg Isenberg, Immad Akhund, Jaime Schmidt, Jason Goldberg, Julian Shapiro, Justin Welsh, Kim Perell, Kyle York, Manik Gupta, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Robert Moore, Sahil Lavingia, Sam Parr, Zack Kanter
Feb 1, 2022	Commsor	$50.0M Series B	—	1776, Active Capital, Advisors Fund LLC, AirAngels, Ambush Capital, Andreessen Horowitz, Asylum Ventures, Atomico, Awesome People Ventures, Backstage Capital, Banana Capital, Bedrock Capital, Bessemer Venture Partners, Broadway Angels, Buckley Ventures, Bungalow Capital, CapitalX, City Light Capital, Coinbase Ventures, Collaborative Seed & Growth Partners, Color Capital, Cool Climate Collective, Coughdrop Capital, Craft Ventures, Cultivation Capital, Ali Tamaseb, Digital Currency Group, Electric Capital, Essence VC, Jenny Fielding, Scott Hartley, Felicis Ventures, Fenway Summer, First Star Ventures, FJ Labs, Flex Capital, Flybridge Capital Partners, Gaingels, Ganas Ventures, General Catalyst, Goat Capital, Gradient Ventures, GreaterGoodSociety, Gutter Capital, Hoxton Ventures, Infinite Niches, Khosla Ventures, Kickstart Fund, Lampros Capital Partners, Lightspeed Venture Partners, LocalGlobe, Logos Labs, LOI Venture, Long Journey Ventures, Neu Venture Capital, North Island Ventures, Otherwise Fund, Paradigm, Paradox Capital, Pillar VC, Polymath Capital Partners, Precursor Ventures, Prototype Capital, Red Beard Ventures, Gil Penchina, Rising Tide Partners, SaaSholic Fund, Seed Club Ventures, Sequoia Capital, Shaan's All Access Fund, Social Capital, SRB Ventures, The Club, The Community Fund, The Hit Forge, Valar Ventures, Vibe Capital, Weekend Fund, Y Combinator, Adam D'Angelo, Alex Lieberman, Alex Pattis, Amit Mital, Andrew Gazdecki, Andy Coravos, Anthony Pompliano, Balaji Srinivasan, Ben Lang, Ben Tossell, Casey Neistat, Cecilia Stallsmith, Charlie Feng, Chris Herd, David Peterson, Dharmesh Shah, Dylan Field, Elad Gil, Emily Kramer, Esther Dyson, Gaurav Munjal, Gina Bianchini, Greg Isenberg, Immad Akhund, Jaime Schmidt, Jen Rubio Butterfield, Julia DeWahl, Julian Shapiro, Justin Welsh, Kunal Shah, Kyle York, Loic Le Meur, Manik Gupta, Marc McCabe, Marco Palladino, Mathilde Collin, Mike Hudack, Moshe Lifschitz, Musaab Hakami, Nkechi Iregbulem, Paul Yacoubian, Peter Kazanjy, Pierre-Yves Ricau, Preetha Parthasarathy, Russell Smith, Sahil Lavingia, Sahin Boydas, Sam Corcos, Sam Palmisano, Sam Parr, Scott Belsky, Steve Schlafman, Surahbi Gupta, Tikhon Bernstam, Tonio DeSorrento, Tuomas Artman, Tyler Willis, Ty Smith, Zachary Sims, Zack Kanter
Feb 1, 2022	Kin Insurance	$82.0M Series D	—	Alex, Avanta Ventures, Bain Capital Ventures, Bennu, Better Tomorrow Ventures, Bora&Sons, Commerce Ventures, Company Capital, Flourish Ventures, Geodesic Capital, Hercules Capital, Hyde Park Venture Partners, Infinite Niches, JLL Spark, Ligature, Lobby Capital, Monroe Capital, Mucker Capital, Picus Capital, QED Investors, Qualcomm Ventures, Runway Growth Capital, Sandalphon Capital, Vayner RSE, Vouch Insurance, Baron Davis, Chad Nitschke, Francisco Larrain, Haroon Mokhtarzada, Jason Gardner, Jason Robins, John M. Mueller, Jonathan Gheller, Omar Soliman, Peter Kight, Sahin Boydas, Sébastien Deguy, Sung ho Choi, Tamim Mourad, Will Kassoy, Yahya Mokhtarzada
Jan 1, 2022	TRLab	$4.0M Seed	—	Animoca Brands, Bertelsmann Asia Investments (BAI), General Catalyst, Infinity Ventures Crypto, Inspired Capital, Lightspeed Venture Partners, Paradigm, Pareto Holdings, Aleksander Leonard Larsen, Balaji Srinivasan, Charlie Songhurst, Gokul Rajaram, Justin David Blau, Manik Gupta, Max Mullen
Jan 1, 2022	Fairmint	$7.0M Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Infinite Capital, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Dec 1, 2021	Gadget	$9.0M Seed	—	Active Capital, Alt Capital, Andreessen Horowitz, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Flex Capital, Floodgate, Founder Collective, Haun Ventures, Hoxton Ventures, LGF, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Lux Capital, Next Level Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Saga, Sequoia Capital, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Amjad Masad, Anthony Pompliano, Aston Motes, Ben Tossell, Chris Herd, Dharmesh Shah, DJ Patil, Greg Isenberg, Harry Hurst, Humberto Ayres Pereira, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Leore Avidar, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Robin Sabban, Sahil Lavingia, Sam Altman, Sam Parr, Zack Kanter
Dec 1, 2021	Flex Finance	$500K Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Trammell Venture Partners, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Justin Welsh, Kyle York, Max Webster, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Nov 1, 2021	Fireside	$10.0M Seed	—	Bennu, Commerce Ventures, Divergent Capital, Friále, Gotham Gal Ventures, Great Oaks Venture Capital, HV Capital, HV Holtzbrinck Ventures, L37 Ventures, Max Ventures, Monroe Capital, Mucker Capital, Offline Ventures, Pareto Holdings, Vayner RSE, WndrCo LLC, Carl Pei, Christian Reber, Haroon Mokhtarzada, Jason Gardner, Jason Robins, Lea- Sophie Cramer, Mads Fosselius, Massimo Ciociola, Nicolas Berggruen, Omar Soliman, Peter Kight, Roxanne Varza, Sébastien Deguy, Tamim Mourad, Verena Pausder, Will Kassoy, Yahya Mokhtarzada
Nov 1, 2021	EarlyBird	$4.0M Seed	—	Active Capital, Alumni Ventures, Ascend Vietnam Ventures, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Chingona Ventures, Collab+Currency, Color Capital, Craft Ventures, Konvoy Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Network Ventures, Paradox Capital, Prototype Capital, Rainfall Ventures, Rising Tide Partners, SaaSholic Fund, Seven Seven Six, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kevin Lin, Kyle York, Mark Cuban, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Nov 1, 2021	Doorsey	$4.0M Seed	—	Active Capital, AlleyCorp, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, General Catalyst, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Trajectory Ventures, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jacqueline Reses, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Zack Kanter
Nov 1, 2021	doola	$3.0M Seed	—	Active Capital, Anvaya Ventures, Backstage Capital, B Capital Group, Bedrock Capital, Bessemer Venture Partners, Better Capital, CapitalX, Color Capital, Craft Ventures, Dunce Capital, First Row Partners, General Catalyst, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Nexus Venture Partners, Not Boring Capital, Paradox Capital, Preston-Werner Ventures, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, TQ Ventures, Trajectory Ventures, Tribe Capital, Venture Catalysts \| India's First Integrated Incubator, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Gagan Biyani, Gokul Rajaram, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kunal Shah, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Nov 1, 2021	Suborbital	$2.0M Seed	—	Active Capital, Alt Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Redpoint Ventures, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Two Sigma Ventures, Uncork Capital, Vibe Capital, Weekend Fund, Abhinav Asthana, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Oct 1, 2021	CoinSwitch	$260.0M Series C	—	9Yards Capital, Album VC, Andreessen Horowitz, Blackhorn Ventures, Entrée Capital Ventures, General Catalyst, Haun Ventures, Insight Partners, IVP, K2 Global, Matrix, Paradigm, Ribbit Capital, Tiger Global Management, Tribe Capital, TTV Capital, Vera Equity, Winklevoss Capital, Andrew Steinwold, Anthony Pompliano, Balaji Srinivasan, Bill Ackman, David Vélez, Justin David Blau, Kunal Shah, Ralph Gootee
Oct 1, 2021	Offsiter	$450K Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Cyphr VC.

Minal Hasan

General Partner

Leadership Team

Key people at Cyphr VC.

Minal Hasan

General Partner

Deep Dive

High-Level Overview

Cyphr VC is a female-founded, solo general partner (GP) venture capital firm based in San Francisco that focuses on providing first institutional capital to disruptive startups operating in regulated industries. Their mission centers on democratizing access to financial information and capital by leveraging marketplaces, platforms, and networks while navigating regulatory barriers. Cyphr primarily invests in early-stage rounds such as Seed and Series A, with check sizes ranging from $100K to $10M. The fund targets sectors including Web3/crypto, life sciences and healthcare, and consumer products and services, primarily within the USA. Their impact lies in supporting startups that innovate within complex regulatory environments, enabling these companies to scale and transform traditionally constrained markets[1][2].

Origin Story

Cyphr was founded by Minal Hasan, a tech entrepreneur with deep experience in regulated markets, fintech, blockchain, and crypto. The fund emerged from her vision to back startups that democratize access to capital and information in regulated sectors, which are often underserved by traditional venture capital due to regulatory complexity. The firm’s focus has evolved to emphasize first checks into startups that leverage technology to overcome regulatory hurdles and create new marketplaces and platforms. Hasan’s background as a founder and speaker on startup operations and corporate governance informs Cyphr’s investment approach[1][2].

Core Differentiators

Unique Investment Model: Solo-GP fund providing first institutional capital, focusing on regulated industries where regulatory navigation is key.
Sector Focus: Specializes in Web3/crypto, life sciences & healthcare, and consumer products within regulated markets.
Network Strength: Leverages deep expertise in fintech, blockchain, and regulated markets to support portfolio companies.
Check Size Flexibility: Invests across a broad range of early-stage rounds with checks from $100K up to $10M.
Operating Support: Founder-led with hands-on experience in startup operations, product development, and corporate governance.

Role in the Broader Tech Landscape

Cyphr rides the growing trend of technological innovation within regulated industries, such as fintech, healthcare, and blockchain, where traditional capital is scarce due to regulatory complexity. The timing is critical as regulatory frameworks evolve and new technologies like AI and Web3 mature, creating opportunities for startups to disrupt legacy systems. By focusing on democratizing access to capital and information, Cyphr influences the broader ecosystem by enabling startups to scale in sectors that are foundational to economic infrastructure but historically difficult to penetrate with venture capital[1][2].

Quick Take & Future Outlook

Looking ahead, Cyphr is well-positioned to capitalize on increasing regulatory clarity and technological advancements in sectors like crypto and healthcare. As these industries continue to mature, the firm’s specialized focus and founder-led approach will likely attract more high-potential startups seeking early institutional capital. Trends such as AI integration, decentralized finance, and healthcare innovation will shape Cyphr’s investment journey, potentially expanding its influence as a key enabler of regulated industry startups. The firm’s commitment to democratizing capital access suggests it will continue to play a pivotal role in transforming how regulated startups grow and scale.

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Note: There is also a startup named Cyphr (distinct from Cyphr VC) focused on fintech solutions for small business lending, leveraging AI to analyze alternative data for credit decisions. This company was founded in 2022 and launched its product in 2024, aiming to simplify lending for small businesses by improving underwriting processes. It is unrelated to Cyphr VC but shares a similar name[4][5].

Sources