Elefund

Elefund is a thesis-driven, micro venture capital focused on investments in early-stage technology companies.

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Mar 1, 2025	Conveo	$5.0M Seed	—	Force Over Mass Capital, Marcus Segal, Mathias Ockenfels, Sebastien Borget
Aug 1, 2024	Fleet	$3.0M Seed	—	Alumni Ventures, In-Q-Tel, Invariantes Fund, John Fontein
Feb 1, 2024	PlayMakers	$2.0M Seed	—	Force Over Mass Capital, Marcus Segal, Mathias Ockenfels
Oct 1, 2023	Canopy Connect	$7.0M Series A	—	AAF Management Ltd., Outrun Ventures, James Park
Sep 1, 2023	Fuze	$14.0M Seed	—	AAF Management Ltd., Outrun Ventures, James Park
Aug 1, 2023	Kavida.ai	$1.0M Seed	—	AAF Management Ltd., Outrun Ventures, James Park
Aug 1, 2023	Daybreak Health	$13.0M Series B	—	125 Ventures, 14W, Adjacent, Audrey Capital, BBG Ventures, B Capital Group, Beckley Waves, Bond, BoxGroup, Cherubic Ventures, Ali Tamaseb, Dragoneer Investment Group, Fifty Years, Future Perfect Ventures, General Catalyst, GenNx360, GE Ventures, Giant Ventures, Great Oaks Venture Capital, Hoxton Ventures, LAUNCH, Lightspeed Venture Partners, Lionheart Ventures, Listen, LombardStreet Ventures, Lux Capital, Maven Ventures, Mystic Ventures, Oak HC/FT, PsyMed Ventures, Resolute Ventures, Sequoia Capital, Sound Ventures, Supply Change Capital, Target Global, Teamworthy Ventures, Uncork Capital, Union Square Ventures, Uprising, Anne Wojcicki, Darius Contractor, Darran Garnham, Edvard Engesæth, Jeremy Yap, Joe Greenstein, Julie McDermott, Kirill Makharinsky, Liron Petrushka, Marc Benioff, Michael Birch, Oleg Tscheltzoff, Pete Moore, Raj Luhar, Saki Georgiadis, Yoni Assia
Jun 1, 2023	Furiosa AI	$80.0M Series C	—	9Yards Capital, Adverb Ventures, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Craft Ventures, Ensemble VC, FirstMark Capital, Founders Fund, FPV Fund, Innovent Capital Group, Jigsaw VC, K9 Ventures, Long Journey Ventures, Menlo Ventures, Moonshots Capital, Sinai Ventures, Spero Ventures, Susa Ventures, Tribe Capital, TSVC Capital, Union Square Ventures, Vine Ventures LP, Louis Beryl, Russell Cook, Scott Banister, Scott Belsky, Stewart Butterfield, Todd Corenson, Vivek Garipalli
Jun 1, 2023	Meanwhile	$19.0M Seed	—	2048 Ventures, Accel, Access Biotechnology, Acrew Capital, Afore Capital, AirAngels, Alt Capital, AngelList, Bain Capital Crypto, Adeyemi Ajao, Basis Set Ventures, BlockTower Capital, Broadhaven Capital Partners, C2 Investment, Coatue, Data Tech Fund, Embedded Ventures, Exponent Founders Capital, Founder Collective, General Catalyst, Greylock, Kleiner Perkins, LAUNCH, LGF, Lightspeed Venture Partners, Lowercarbon Capital, monashees, Mouro Capital, MS&AD Ventures, NEO, Pale Blue Dot, Patron, Polygon, Prototype Capital, Ride Ventures, Sarona Ventures, Scalar Capital, Sixth Street, Softbank Latin America Fund, Spark Capital, StillMark, The Hit Forge, True Ventures, venBio, Vouch Insurance, Westlake Village BioPartners, Xochi Ventures, Y Combinator, Aaron Levie, Ajit Tripathi, Akshay Kothari, Anne Wojcicki, Arash Ferdowsi, Ben Tossell, Biz Stone, Claire Hughes Johnson, Do Kwon, Dylan Field, Fidji Simo, Frederic Kerrest, Gokul Rajaram, Howie Liu, Hunter Horsley, Jeremy Stoppelman, Justin Mateen, Karim Atiyeh, Kunal Shah, Louis Beryl, Luca Ascani, Max Mullen, Neha Narkhede, Parker Conrad, Ricardo Weder, Roger Laughlin Carvallo, Sam Altman, Sam Blond, Scot Wingo, Sean Behr, Sean Harper, Sep Kamvar, Shishir Mehrotra, Tim Griffin, Wences Casares
Feb 1, 2023	Curacel	$3.0M Seed	—	AAF Management Ltd., Audrey Capital, bloom venture partners, Daffy, Force Over Mass Capital, Magma Partners, Mischief Venture Capital, Nexus Venture Partners, Outrun Ventures, Punch Capital, SRB Ventures, Tribe Capital, Vibe Capital, Anthony Pompliano, Balaji Srinivasan, Chris Murphy, Dharmesh Shah, Gokul Rajaram, Jacqueline Reses, Jonathan Wegener, Marcus Segal, Mathias Ockenfels, Max Mullen, Naveen Selvadurai, Nick Green, Othman Laraki, Rohini Pandhi, Scott Belsky, Sebastien Borget, Youcef Es-skouri
Dec 1, 2022	Blocknative	$15.0M Series A	—	AAF Management Ltd., Afore Capital, Blockchain Capital, Blockchain.com Ventures, Craft Ventures, Felicis Ventures, Fifth Wall, FJ Labs, Foundry Group, Initialized Capital, Javelin Venture Partners, KRM Interests LLC, Madrona Ventures, Mischief Venture Capital, OMERS Ventures, Robot Ventures, RRE Ventures, Second Century Ventures, Techstars, Ulu Ventures, Unpopular Ventures, Adam Gross, Louis Beryl, Scott Belsky, William Hockey
Nov 1, 2022	Fordefi	$18.0M Seed	—	AAF Management Ltd., Blockchain Capital, Blockchain.com Ventures, Castle Island Ventures, Delta Blockchain Fund, Draper Associates, Electric Capital, Initialized Capital, Javelin Venture Partners, KRM Interests LLC, OMERS Ventures, Pantera Capital, Rainfall Ventures, Techstars, The Hit Forge, Ulu Ventures, Unpopular Ventures, Andrew Rosener, Balaji Srinivasan, Louis Beryl, Sota Numazawa (Aviondor Group (South Fund)
Sep 1, 2022	Ownera	$20.0M Series A	—	9Yards Capital, Adverb Ventures, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Craft Ventures, Draper Goren Blockchain (DGB), Ensemble VC, FirstMark Capital, Founders Fund, FPV Fund, Innovent Capital Group, Jigsaw VC, K9 Ventures, Long Journey Ventures, Menlo Ventures, Moonshots Capital, Sinai Ventures, Spero Ventures, Susa Ventures, Tribe Capital, TSVC Capital, Union Square Ventures, Vine Ventures LP, Jeffrey Lee, Louis Beryl, Russell Cook, Scott Banister, Scott Belsky, Stewart Butterfield, Todd Corenson, Vivek Garipalli
Aug 1, 2022	Quota Lab	$11.0M Series A	—	Acrew Capital, Louis Beryl
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, Capital Factory, Color Capital, Craft Ventures, Darling Ventures, 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
Jun 1, 2022	Fello	$25.0M Series A	—	AAF Management Ltd., Blockchain Capital, Blockchain.com Ventures, Initialized Capital, Javelin Venture Partners, KRM Interests LLC, OMERS Ventures, Techstars, Ulu Ventures, Unpopular Ventures, Louis Beryl
May 1, 2022	Mothership	$76.0M Venture Round	—	Acrew Capital, Alt Capital, Andreessen Horowitz, Benchmark, Bow Capital, Fifth Wall, Greylock, OMERS Ventures, Quiet Capital, Sapphire Ventures, Susa Ventures, UpHonest Capital, WestCap, Adrian Aoun, Charlie Songhurst
May 1, 2022	Stord	$120.0M Series D	—	8VC, Alt Capital, Bow Capital, First Round Capital, Founders Fund, LGF, OMERS Ventures, Saga, Scribble Ventures, Susa Ventures, UpHonest Capital, Adrian Aoun, Akshay Kothari, Charlie Songhurst, Dylan Field, Emil Michael, Jason Citron, Ron Pragides, Sam Altman
Apr 1, 2022	Beam Impact	$13.0M Series A	—	9Yards Capital, AAF Management Ltd., Addition, B Capital Group, Blockchain Capital, Blockchain.com Ventures, BoxGroup, Bullpen Capital, Craft Ventures, Forum Ventures, Greylock, Imaginary Ventures, Index Ventures, Initialized Capital, Javelin Venture Partners, Kli Capital, KRM Interests LLC, Mayfield, OMERS Ventures, ScOp Venture Capital, Sequoia Capital, Techstars, Ulu Ventures, Unpopular Ventures, Louis Beryl, Vivek Garipalli
Mar 1, 2022	Atlas	$3.0M Seed	—	Alt Capital, Bow Capital, Craft Ventures, Footwork, Founders Fund, Gigafund, Great Oaks Venture Capital, Hoxton Ventures, Lowercarbon Capital, OMERS Ventures, Preston-Werner Ventures, Rebel Fund, Saga, Spero Ventures, Susa Ventures, The Hit Forge, Todd and Rahul's Angel Fund, Tribe Capital, UpHonest Capital, Zigg Capital, Adrian Aoun, Charlie Songhurst, Derrick Li, Ed Zimmerman, John Fontein, Josh Spear, Justin Mateen, Mathilde Collin, Max Mullen, Mike Greenfield, Sahil Lavingia, Sam Altman, Scott Belsky
Mar 1, 2022	Agency	$500K Seed	—	General Catalyst, Khosla Ventures, Mischief Venture Capital, Otherwise Fund, Quiet Capital, Scale Asia Ventures, SciFi VC, Thirty Five Ventures, Eric Wu, Karim Atiyeh, Louis Beryl, Tony Xu, Venus Williams
Mar 1, 2022	Guide	$8.0M Seed	—	9Yards Capital, Adverb Ventures, AirAngels, Alt Capital, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Craft Ventures, Ensemble VC, FirstMark Capital, First Round Capital, Founders Fund, FPV Fund, Innovent Capital Group, Jigsaw VC, K9 Ventures, Long Journey Ventures, Menlo Ventures, Moonshots Capital, Not Boring Capital, Outcast Ventures, Sinai Ventures, Spero Ventures, Susa Ventures, Tribe Capital, TSVC Capital, Union Square Ventures, Vine Ventures LP, Abhinav Asthana, Adam Blitzer, Akshay Kothari, Allison Pickens (Allison Pickens Ventures), Barr Moses, Christina Cacioppo, Jeffrey Lee, Louis Beryl, Max Mullen, Ron Pragides, Russell Cook, Scott Banister, Scott Belsky, Stewart Butterfield, Todd Corenson, Vivek Garipalli
Feb 1, 2022	Daybreak Health	$10.0M Series A	—	Adjacent, Audrey Capital, Rexhep Dollaku, B Capital Group, Cherubic Ventures, Crosslink Capital, Ali Tamaseb, Firework Ventures, Giant Ventures, GSV Acceleration, LAUNCH, Lightspeed Venture Partners, Lionheart Ventures, Listen, LombardStreet Ventures, Maven Ventures, Resolute Ventures, Sinai Ventures, Sound Ventures, Two Sigma Ventures, Uncork Capital, Uprising, Vine Ventures LP, Anne Wojcicki, Darius Contractor, Darran Garnham, Joe Greenstein, Kirill Makharinsky, Marc Benioff, Michael Birch, Oleg Tscheltzoff, Pete Moore, Raj Luhar, Saki Georgiadis
Dec 1, 2021	Jupe	$10.0M Seed	—	AAF Management Ltd., Alt Capital, Bain Capital Ventures, Bessemer Venture Partners, Blockchain Capital, Blockchain.com Ventures, FAST — by GETTYLAB, Fifth Down Capital, Founder Collective, Founders Fund, Glasswing Ventures, ICONIQ Capital, Initialized Capital, Javelin Venture Partners, Khosla Ventures, KRM Interests LLC, Leawood Venture Capital, Mischief Venture Capital, OMERS Ventures, Pareto Holdings, Stellar Capital, Stellation Capital, Techstars, Todd and Rahul's Angel Fund, Ulu Ventures, Unpopular Ventures, Y Combinator, Chris M. Willliams, Elad Gil, Howie Liu, Louis Beryl, Mark Ghermezian, Michael Ma, Oliver Cameron, Sahin Boydas, Trevor Noah
Nov 1, 2021	Block Renovation	$50.0M Series C	—	75 & Sunny, Adjacent, Amplify Partners, Audrey Capital, Bessemer Venture Partners, Cherubic Ventures, Elron Ventures, Ethereal Ventures, Frontier Ventures, Galaxy Digital, Giant Ventures, Incisive Ventures, Insight Partners, LAUNCH, Lightspeed Venture Partners, Lionheart Ventures, Listen, LombardStreet Ventures, Main Sequence Ventures, MYASIAVC PTE LTD, Operator Collective, Penny Jar Capital, Rainfall Ventures, Redpoint Ventures, SoftBank Investment Advisers, Sommet AB, Sound Ventures, Uncork Capital, Uprising, Vista Venture Partners, Voyager Capital, Allison Pickens (Allison Pickens Ventures), Darius Contractor, Darran Garnham, Didier Valet, Eric Wu, Joe Greenstein, Kirill Makharinsky, Kunal Shah, Marc Benioff, Michael Birch, Nate Matherson, Oleg Tscheltzoff, Pete Moore, Philippe Teixeira da Mota, Raj Luhar, Saki Georgiadis, Scott Belsky

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Elefund.

Leadership Team

Key people at Elefund.

Deep Dive

High-Level Overview

Elefund is a thesis-driven micro venture capital firm focused on early-stage technology companies, primarily investing in pre-seed, seed, and Series A rounds. Its mission centers on partnering with visionary entrepreneurs to build transformative, scalable companies that create long-term value through innovation and collaboration. Elefund’s investment philosophy emphasizes strategic guidance, operational support, and leveraging a strong network of industry experts to help startups achieve product-market fit and sustainable growth. Key sectors include fintech, enterprise software, AI, aerospace, health & wellness, and consumer apps, reflecting a broad but focused approach to technology-driven innovation. Elefund plays a significant role in the startup ecosystem by fostering companies that aim to elevate the future through excellence and impactful solutions[1][2][5].

Origin Story

Founded in 2015 and headquartered in Mountain View, California, Elefund was established by a team of experienced operators and investors including General Partners David Mavashev, Nathan Rodland, and Ross Glasser. Over time, the firm has evolved to support a diverse portfolio spanning fintech, enterprise, marketplaces, and emerging tech sectors. The firm’s founders brought deep operational expertise and a commitment to hands-on mentorship, which has shaped Elefund’s thesis-driven, founder-centric approach. Early investments in companies like Robinhood, Carta, and Calm underscore pivotal moments that validated Elefund’s focus on backing startups with strong missions and scalable business models[1][2][3][6].

Core Differentiators

Thesis-Driven Investment Model: Elefund invests based on clear theses about market trends and founder potential, focusing on early-stage companies with high growth potential.
Strong Network & Advisors: The firm leverages a network of world-class operators and advisors, including leaders from Google Payments, PayPal, Affirm, Robinhood, Airbnb, and Instagram, providing startups with unparalleled strategic and operational support[2].
Track Record: With over 37 investments, Elefund has backed notable companies that have disrupted fintech, enterprise, and consumer sectors, demonstrating its ability to identify and nurture winners early[1][5].
Operational Support: Beyond capital, Elefund offers hands-on mentorship and resources to help startups refine product-market fit and scale efficiently.
Sector Diversity with Focus: While broad in industry coverage, Elefund maintains a strong focus on fintech and enterprise software, sectors where it has deep expertise and proven success[5][6].

Role in the Broader Tech Landscape

Elefund rides the wave of digital transformation and democratization of technology, particularly in fintech and enterprise software, where innovation is rapidly reshaping how consumers and businesses interact with financial services and operational tools. The timing is critical as early-stage startups increasingly require not just capital but strategic partnership to navigate complex markets and scale globally. Market forces such as increased demand for accessible financial products, AI-driven enterprise solutions, and new consumer wellness technologies align with Elefund’s investment theses. By supporting companies like Robinhood and Carta, Elefund influences the broader ecosystem by enabling technologies that empower users and redefine industry standards[3][5][6].

Quick Take & Future Outlook

Looking ahead, Elefund is poised to continue expanding its influence by investing in emerging technologies and sectors that promise high impact and scalability. Trends such as AI integration, decentralized finance, and health tech will likely shape its portfolio evolution. The firm’s commitment to operational excellence and founder support positions it well to capitalize on the growing complexity of early-stage investing. As Elefund deepens its network and refines its thesis-driven approach, its role as a catalyst for transformative startups will likely strengthen, helping shape the future of technology-driven industries[1][2][6].

Elefund’s journey from a focused micro VC to a key player in early-stage tech investing underscores its mission to elevate the future through strategic, impactful investments.

Sources