Evolution VC Partners

This venture capital firm invests in culture-tech companies with strong teams, products, and market opportunities, aiming to accelerate entrepreneurship and ...

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Updated: Jan 22, 2026 ·

About

Evolution VC Partners is a venture capital firm that invests in culture-tech companies. The firm focused on investing in and partnering with disruptive companies with a strong team, product, and market opportunity. They help entrepreneurs build great companies and consider themselves to be an investment accelerator and will seek to be activecreators of value for their portfolio companies. Evolution VC Partner was founded in 2007 and is based in New York, NY, United States.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	Figure	$1.0B Series C	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman
May 1, 2025	Blank Beauty	$7.0M Series A	—	Justin Mateen
Mar 1, 2025	Serve AI	$3.0M Seed	—	BMW i Ventures, Pareto Holdings, Cory Levy
Feb 1, 2025	PlantBaby	$5.0M Seed	—	Big Idea Ventures, Mayfield, Liza Landsman, SOSV, Ning Sung
Feb 1, 2024	Taxa Technologies	$3.0M Seed	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano
Feb 1, 2024	Figure	$680.0M Series B	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Firstminute Capital, Flucas Ventures, Haymaker Ventures, Intel Capital, Shawn Modarresi, Magma Partners, Morgan Creek Capital Management, Motley Fool Ventures, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Jay Z, Kevin Hart, Seth Goldman, Shane Neman
Jul 1, 2023	Figure	$9.0M Venture Round	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman
Jun 1, 2023	Shopgenie	$1.0M Seed	—	10T Holdings, Alpha Square Group, Ardent Venture Partners, Conversion Capital, DST Global, Expedite Ventures, Haymaker Ventures, Hyper, Intel Capital, Left Lane Capital, Magma Partners, Makers Fund, Morgan Creek Capital Management, MUFG Innovation Partners, Operator Collective, Quantum Angels Venture Capital, Round One Capital, Shaan's All Access Fund, SRB Ventures, Stripe, Trammell Venture Partners, Ulu Ventures, XX, Allen Gannett, Anthony Pompliano, Bjorn Kolbmuller, Jon Hallett, Julian Shapiro, Michael G. Rubin, Odell Beckham Jr., Paul Schwarzenholz, Sam Parr, Shane Neman, Stephen Cole
May 1, 2023	Serve AI	$500K Seed	—	BMW i Ventures
May 1, 2023	Future Cow	$200K Seed	—	Big Idea Ventures, Mayfield, Liza Landsman, SOSV, Ning Sung
Feb 1, 2023	Bitwise Industries	$80.0M Series C	—	Andreessen Horowitz, Backstage Capital, Firstminute Capital, Flucas Ventures, Shawn Modarresi, Kapor Capital, Motley Fool Ventures, New Voices Fund, Saga, Supply Change Capital, Peter Chernin, XYZ Venture Capital, Aaron Levie, Howard Schultz, Jay Z, Kevin Hart, Mark Cuban, Nick Caldwell, Seth Goldman
Jun 1, 2022	PlantBaby	$4.0M Seed	—	Big Idea Ventures, Mayfield, Liza Landsman, SOSV, Ning Sung
May 1, 2022	Pachama	$55.0M Series B	—	11, 1955 Capital, 20VC, 500 Global, Accel, Acrew Capital, ActivumSG, Addition, Aglae Ventures, AirAngels, Alumni Ventures, Alven, Andreessen Horowitz, Ascend Vietnam Ventures, Avalon Ventures, Breakthrough Energy Ventures, Chingona Ventures, Convoz, Craft Ventures, Curie.Bio, Cyberstarts VC, Day One Ventures, Dimension Capital, Firstminute Capital, FJ Labs, Flucas Ventures, Footwork, Founder Collective, Founders Fund, Freestyle Capital, Goat Capital, Greenoaks Capital, Haun Ventures, ICONIQ Capital, Index Ventures, In-Q-Tel, Insight Partners, Shawn Modarresi, Jetstream, K2 Global, Kearny Jackson, Khosla Ventures, Kickstart Fund, LGF, Lightspeed Venture Partners, Logos Labs, Long Journey Ventures, Lowercarbon Capital, Monarch Collective, Motley Fool Ventures, Network Ventures, Hans Tung, Offline Ventures, Otherwise Fund, Paradox Capital, Pareto Holdings, Peterson Ventures, Picus Capital, Plug & Play Ventures, Point Nine Capital, Primer Sazze Partners, Prototype Capital, Rethink Impact, Salesforce Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sherpalo Ventures, SignalFire, Slack Fund, SmartStart Fund, Social Capital, SoftBank Investment Advisers, Stride VC, Sweet Capital, The Hit Forge, TQ Ventures, TrueSight Ventures, Unruly Capital, Unusual Ventures, Venture Highway, World Fund, XStarPartners, Alex Lieberman, Amjad Masad, Anna Yuan, Azeem Azhar, Bernard Arnault, Bradley Horowitz, Chris Murphy, Claire Hughes Johnson, David Mytton, Esteban Ordano, Fareed Mosavat, Gabriel Jarrosson, Guillaume Lestrade, Howard Schultz, Ian Hogarth, James Beshara, Jay Z, Julie Zhuo, Kevin Hart, Mahesh Kolli, Manu Ginobilli, Marc McCabe, Marcos Galperin, Martin Migoya, Nathaniel Whittemore, Oleg Rogynskyy, Omar El-Ayat, Richard Fearn, Sahil Lavingia, Sam Altman, Scott Belsky, Seth Goldman, Tobias Lutke, Tony Xu, Young Song
Apr 1, 2022	Improbable	$150.0M Venture Round	—	10T Holdings, AirAngels, Alpha Square Group, Amadeus Capital Partners, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Battery Ventures, Brighter Capital, Chapter One Ventures, CoinFund, Conversion Capital, Digital Currency Group, Divergence Ventures, DST Global, Electric Ant, Electric Capital, ENIAC Ventures, Ethereal Ventures, FJ Labs, Future Perfect Ventures, Graph Ventures, Hack VC, Hashed, Haymaker Ventures, Infinity Ventures Crypto, Intel Capital, Kearny Jackson, Kleiner Perkins, M34 Capital, Magma Partners, Makers Fund, Menlo Ventures, Morgan Creek Capital Management, MUFG Innovation Partners, Nascent, NextView Ventures, Not Boring Capital, Polaris Partners, Quantum Angels Venture Capital, Race Capital, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Ulu Ventures, Version One Ventures, Weekend Fund, WPP Ventures, Y Combinator, Adam D'Angelo, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Anthony Pompliano, Balaji Srinivasan, Biz Stone, Bobby Goodlatte, Bo Shao, Brad Holden, Chris Kurdziel, David Nage, David Rutter, Do Kwon, Eric Wu, Imran Khan, Javier Olivan, Jeff Morris, Jeremy Stoppelman, Jess Sloss, Luis Cuende, Matt Mazzeo, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Scott Belsky, Shane Neman, Sina Habibi, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward, Tyler Willis, Yishan Wong
Apr 1, 2022	Evernow	$29.0M Series A	—	Abstract Ventures, Alumni Ventures, Andreessen Horowitz, Angel investor, Jana Messerschmidt, Atomic, Banana Capital, Beringea, Big Idea Ventures, BoxGroup, Coelius Capital, Collide Capital, Craft Ventures, DFJ Growth, DST Global, First Round Capital, Forerunner Ventures, Frontline Ventures, General Catalyst, Gutter Capital, Inspired Capital, Khosla Ventures, Listen, Mayfield, Menlo Ventures, Moving Capital, New Enterprise Associates, Pioneer Fund, Point Nine Capital, Polychain Capital, QueensBridge Venture Partners, Quiet Capital, Republic Records, SOSV, Sweet Capital, Turing Capital, Volition Capital, YLEM, ZhenFund, Aaron Harris, Charles Huang, Demetrios Christofidis Jr, Eric Ries, Harry Hurst, Jason Stockwood, Jeffrey Lee, Jen Rubio Butterfield, Josh Mohrer, Josh Resnick, Kristian Segerstrale, Leonard Picardo, Marc Benioff, Nick Jonas, Ning Sung, Rashaun Williams, Stephan Thoma, Steve Aoki, Steve Chen
Apr 1, 2022	Natural Fiber Welding	$85.0M Series B	—	Keith Masback
Feb 1, 2022	Qredo	$80.0M Series A	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman
Jan 1, 2022	HeyCharge	$5.0M Seed	—	BMW i Ventures
Jan 1, 2022	Routefusion	$11.0M Seed	—	10T Holdings, 1984 Ventures, Alpha Square Group, Andreessen Horowitz, Canvas Ventures, Conversion Capital, DST Global, Forum Ventures, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Point72 Ventures, Quantum Angels Venture Capital, Silverton Partners, Ulu Ventures, Anthony Pompliano, Shane Neman, William Hockey
Nov 1, 2021	Houm	$35.0M Series A	—	10T Holdings, Alpha Square Group, Conversion Capital, DST Global, Goodwater Capital, Haymaker Ventures, Intel Capital, Magma Partners, Morgan Creek Capital Management, MUFG Innovation Partners, Quantum Angels Venture Capital, Ulu Ventures, Anthony Pompliano, Shane Neman
Oct 1, 2021	Spatial Labs	$4.0M Seed	—	Blockchain Capital, Firstminute Capital, Flucas Ventures, Shawn Modarresi, Marcy Venture Partners, Motley Fool Ventures, TQ Ventures, Jay Z, Kevin Hart, Seth Goldman
Sep 1, 2021	Dispense	$2.0M Seed	—	01 Ventures, Foundation Capital, Great Oaks Venture Capital, Gutbrain Ventures, Harrison Metal, Moving Capital, NextView Ventures, Poseidon Asset Management, Precursor Ventures, Rackhouse Venture Capital, Social Capital, XYZ Venture Capital, Adrian Aoun, Anthony Pompliano, Curtis Chambers, Hovhannes Avoyan, Jeff Seibert, Jett McCandless, John Abele
Sep 1, 2021	HUNGRY	$21.0M Series C	—	Andreessen Horowitz, Big Idea Ventures, Insight Partners, Shawn Modarresi, Marcy Venture Partners, Mayfield, Motley Fool Ventures, Liza Landsman, SOSV, Jay Z, Ning Sung
Aug 1, 2021	Figment	$50.0M Series B	—	10T Holdings, Alpha Square Group, Alumni Ventures, Batshit Crazy Ventures, Bonfire Ventures, Conversion Capital, DBA, Declaration Partners, Digital Currency Group, DST Global, Galaxy Digital, Haymaker Ventures, Intel Capital, LAUNCHub Ventures, Magma Partners, Mithril Capital Management, Morgan Creek Capital Management, MUFG Innovation Partners, NextGen Venture Partners, Northzone, Oak HC/FT, Overtly Covert, Quantum Angels Venture Capital, Robot Ventures, RRE Ventures, Ulu Ventures, Anthony Pompliano, Ben Davenport, Dan Ciporin, Jim Pallotta, Ken Moelis, Shane Neman, Stefan George, Ziv Kop
Jul 1, 2021	Odys Aviation	$4.0M Seed	—	11.2 Capital, 8VC, Afore Capital, Climate Capital, Comal Ventures, Countdown Capital, Aniq Kassam, Locus Ventures, LombardStreet Ventures, Lowercarbon Capital, Orca Climate Fund, Practical Venture Capital, Saga, The Hit Forge, Trajectory Ventures, Marc Benioff, Sahil Lavingia, Sam Altman

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Evolution VC Partners.

Leadership Team

Key people at Evolution VC Partners.

Deep Dive

High-Level Overview

Evolution VC Partners is a New York-based venture capital firm that invests in culture-tech companies—businesses that reshape how people work, live, and interact with technology. Their mission is to back extraordinary companies across all stages that define contemporary culture and lay the groundwork for future societal shifts. The firm’s investment philosophy centers on supporting disruptive ventures with strong teams, innovative products, and significant market opportunities, particularly those that impact culture through technology. Key sectors include advanced materials, fintech, media, entertainment, digital health, life sciences, plant-based innovations, and frontier technologies like space exploration and AI. Evolution VC Partners aims to accelerate entrepreneurship by providing not only capital but also strategic guidance, leveraging the founder’s personal capital to maintain flexibility and a long-term focus. Their portfolio features companies such as Instacart, DailyPay, Axiom Space, and Blank Beauty, reflecting their broad cultural and technological reach[1][2][3][6][7].

Origin Story

Founded by Gregg Smith in New York, Evolution VC Partners evolved from its earlier incarnation as Evolution Corporate Advisors. The firm was established with a vision to invest in "culture-tech" companies that are at the intersection of technology and cultural transformation. Over time, the firm expanded its focus to include a wide range of sectors that influence daily life and societal trends, from digital health to consumer brands and frontier tech. Gregg Smith’s personal capital funds the firm, allowing it to operate without the constraints of traditional venture funds, emphasizing founder alignment and long-term impact. This approach has enabled Evolution VC Partners to build a diverse portfolio and maintain close partnerships with founders[2][4][5].

Core Differentiators

Unique Investment Model: Operates solely with the founder’s personal capital, providing flexibility and a long-term investment horizon without external fund pressures.
Stage-Agnostic Approach: Invests across all stages but prefers companies with developed, market-ready products.
Broad Sector Focus: Targets culture-tech companies across diverse industries including fintech, digital health, media, advanced materials, and frontier tech.
Founder-Centric Support: Provides strategic advice and operational support beyond capital, fostering deep collaboration with portfolio companies.
Strong Network: Leverages connections in technology, consumer brands, and frontier sectors to accelerate portfolio growth.
Track Record: Over 80 investments including notable names like Instacart and Blank Beauty, demonstrating success in identifying and scaling disruptive culture-tech ventures[2][3][6][7].

Role in the Broader Tech Landscape

Evolution VC Partners rides the wave of culture-tech, a trend where technology fundamentally transforms cultural experiences and daily life—from how people shop, communicate, and consume media to how they manage health and wellness. The timing is critical as digital transformation accelerates across industries, and consumer expectations evolve rapidly. Market forces such as advances in AI, digital health innovations, and sustainability trends (e.g., plant-based foods) create fertile ground for culture-tech startups. By focusing on companies that shape culture and technology simultaneously, Evolution VC Partners influences the broader ecosystem by enabling innovations that redefine societal norms and consumer behaviors. Their investments in frontier tech and advanced materials also position them at the cutting edge of future technological revolutions[1][2][3].

Quick Take & Future Outlook

Looking ahead, Evolution VC Partners is poised to deepen its influence in culture-tech by continuing to back companies that blend technology with cultural shifts. Trends such as AI-driven customization (e.g., Blank Beauty’s AI-powered beauty products), digital health expansion, and sustainable consumer goods will likely shape their investment focus. The firm’s founder-funded model offers agility to seize emerging opportunities without the constraints of traditional venture capital timelines. As culture-tech becomes increasingly central to how societies evolve, Evolution VC Partners’ role as a strategic partner and capital provider will likely grow, helping to accelerate entrepreneurship and innovation that define the next era of cultural and technological integration[2][7].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Operates solely with the founder’s personal capital, providing flexibility and a long-term investment horizon without external fund pressures.
Stage-Agnostic Approach: Invests across all stages but prefers companies with developed, market-ready products.
Broad Sector Focus: Targets culture-tech companies across diverse industries including fintech, digital health, media, advanced materials, and frontier tech.
Founder-Centric Support: Provides strategic advice and operational support beyond capital, fostering deep collaboration with portfolio companies.
Strong Network: Leverages connections in technology, consumer brands, and frontier sectors to accelerate portfolio growth.
Track Record: Over 80 investments including notable names like Instacart and Blank Beauty, demonstrating success in identifying and scaling disruptive culture-tech ventures[2][3][6][7].