Garage Technology Ventures

Garage Technology Ventures is a seed and early-stage venture capital firm.

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)
Jun 1, 2022	Multiverse	$220.0M Series D	—	1776, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Balderton Capital, Ballistic Ventures, Bessemer Venture Partners, Connect Ventures, Cowboy Ventures, Dig Ventures, DST Global, Firework Ventures, FPV Fund, Geek Ventures, General Catalyst, Harrison Metal, ICONIQ Capital, Lightspeed Venture Partners, LocalGlobe, Jeff Richards, Penny Jar Capital, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ulu Ventures, Vista Venture Partners, Wellington Management, Ashish Toshniwal, Ben Kaminski, Dharmesh Shah
Sep 1, 2021	Multiverse	$130.0M Series C	—	1776, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Balderton Capital, Ballistic Ventures, Bessemer Venture Partners, Cowboy Ventures, Dig Ventures, DST Global, Firework Ventures, FPV Fund, Geek Ventures, General Catalyst, Harrison Metal, ICONIQ Capital, Lightspeed Venture Partners, LocalGlobe, Jeff Richards, Penny Jar Capital, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ulu Ventures, Vista Venture Partners, Wellington Management, Ashish Toshniwal, Ben Kaminski, Dharmesh Shah
Jan 1, 2021	Multiverse	$44.0M Series B	—	Alex, Alpha Edison, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Balderton Capital, Ballistic Ventures, Bond, Dig Ventures, Drive Capital, DST Global, Ensemble VC, Geek Ventures, General Catalyst, ‎GreatPoint Ventures, ICONIQ Capital, Lightspeed Venture Partners, LocalGlobe, Menlo Ventures, MS&AD Ventures, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ashish Toshniwal, Ben Kaminski, Dharmesh Shah
Dec 1, 2020	Moov	$27.0M Series A	—	10100, Peter Pan, Abstract Ventures, Kevin Hartz, Accel, Acrew Capital, Act One Ventures, Aglae Ventures, Alumni Ventures, American Express Ventures, Andreessen Horowitz, Asylum Ventures, Audacious Ventures, Aventures Capital, Bain Capital, Bain Capital Ventures, Ballistic Ventures, Rexhep Dollaku, Bedrock Capital, Bessemer Venture Partners, C2 Investment, Cambrian Ventures, CapitalX, Chemistry VC, Commerce Ventures, Company Capital, Convective Capital, Cowboy Ventures, Creative Juice, Crosslink Capital, Daffy, Dig Ventures, Emergent Ventures, Ensemble VC, Eunoia Capital Partners, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Footwork, Fuse, Geek Ventures, General Catalyst, Gradient Ventures, Great Oaks Venture Capital, GSV Acceleration, Homebrew, ICONIQ Capital, Inspired Capital, JLL Spark, Kepler Operator’s Fund, Kindred Capital VC, Kleiner Perkins, LifeX Ventures, Lightspeed Venture Partners, Marathon Venture Capital, MATH Venture Partners, Next Level Ventures, Next Play Ventures, Hans Tung, Jeff Richards, Robin Li, Nyca Partners, Oak HC/FT, Plum Alley Investments, Precursor Ventures, Rainfall Ventures, Ravelin Capital, REMUS Capital, S2G Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Shrug Capital, SNR, Soma Capital, Starship Ventures, Tenaya Capital, The Community Fund, The General Partnership, Tribe Capital, Uncorrelated Ventures, Valar Ventures, Vamos Ventures, Vera Equity, Vibe Capital, Y Combinator, Ashish Toshniwal, Bryce Hall, Colin Carrier, Dharmesh Shah, Dylan Field, Emanuel Pleitez, Evan Moore, Griffin Johnson, Jonathan Wasserstrum, Ken Denman, Mark Goines, Moshe Lifschitz, Omri Dahan, Patrick Elyas, Ron Pragides, Sam Altman, Sean Flynn, Siqi Chen, William Hockey, Zach Segal
Nov 1, 2020	Jeeves Inc.	$5.0M Seed	—	9Yards Capital, A Capital, Adverb Ventures, Altair Capital Management, Alt Capital, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Asylum Ventures, Audacious Ventures, Aventures Capital, A'Z Angels, Ballistic Ventures, B Capital Group, Craft Ventures, Dig Ventures, Elefund, Ensemble VC, FirstMark Capital, Founders Fund, FPV Fund, Geek Ventures, Gradient Ventures, ICONIQ Capital, Incisive Ventures, Innovent Capital Group, Jigsaw VC, K9 Ventures, LAUNCH, Lightspeed Venture Partners, Long Journey Ventures, Menlo Ventures, Moonshots Capital, MZ, Negev Capital, Jeff Richards, Pareto Holdings, Pioneer Fund, Prithvi Ventures, Ravelin Capital, Sand Hill Angels, Sapphire Ventures, Satori Capital, Shield Capital, Sinai Ventures, SNR, South Park Commons, Spero Ventures, Susa Ventures, Tenaya Capital, Trajectory Ventures, Tribe Capital, TSVC Capital, Union Square Ventures, Unpopular Ventures, Vera Equity, Vine Ventures LP, What If Ventures, Ashish Toshniwal, Dharmesh Shah, Eric Ver Ploeg, Jeffrey Lee, Johannes Schildt, Louis Beryl, Mads Fosselius, Rand Hindi, Russell Cook, Scott Banister, Scott Belsky, Stewart Butterfield, Todd Corenson, Vivek Garipalli
Sep 1, 2019	Capiche	$1.0M Seed	—	8090 Industries, Afore Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Geek Ventures, ICONIQ Capital, Kapor Capital, Kleiner Perkins, LAUNCH, Lightspeed Venture Partners, Long Journey Ventures, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ashish Toshniwal
Aug 1, 2019	Clumio	$40.0M Series B	—	Altimeter Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Dragoneer Investment Group, Geek Ventures, Sangeen Zeb, ICONIQ Capital, Lightspeed Venture Partners, Modern Venture Partners, Jeff Richards, Operator Collective, Sand Hill Angels, Sapphire Ventures, SNR, Sutter Hill Ventures, Tenaya Capital, Tiger Global Management, Wasabi Ventures, Ashish Toshniwal, Catherine Lu, Dharmesh Shah
Jul 1, 2019	Multiverse	$16.0M Series A	—	6th Man Ventures, 7BC Venture Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Jenny Fielding, Scott Hartley, Fenbushi Capital, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, mParticle, Jeff Richards, Oak HC/FT, Pantera Capital, Rubicon VC, Sand Hill Angels, Sapphire Ventures, SNR, Sora Ventures, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, John Fontein
Jun 1, 2019	Armoire	$2.0M Venture Round	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, AYANA Capital LLC, Ballistic Ventures, Dig Ventures, Energy Capital Ventures, Flying Fish Partners, Geek Ventures, ICONIQ Capital, Lightbank, Lightspeed Venture Partners, Notable Capital, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Tola Capital, Vulcan Capital, XFactor Ventures, Archibald Cox, Ashish Toshniwal, Dharmesh Shah
Dec 1, 2018	M3O	$2.0M Seed	—	Andreessen Horowitz, AngelList Syndicator, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Fathom Capital, Geek Ventures, ICONIQ Capital, Kleiner Perkins, Lightspeed Venture Partners, Mango Capital, Matrix, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Y Combinator, Adam Wiggins, Ashish Toshniwal, Augusto Marietti, Christian Bach, Dharmesh Shah, Jeremy Yap
Sep 1, 2018	Multiverse	$4.0M Seed	—	6th Man Ventures, 7BC Venture Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Jenny Fielding, Scott Hartley, Fenbushi Capital, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, mParticle, Jeff Richards, Oak HC/FT, Pantera Capital, Rubicon VC, Sand Hill Angels, Sapphire Ventures, SNR, Sora Ventures, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, John Fontein
May 1, 2018	Kangaroo	$4.0M Seed	—	AllerFund, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Female Founders Fund, Geek Ventures, Greycroft, ICONIQ Capital, IVP, Jazz Venture Partners, Kleiner Perkins, Lightspeed Venture Partners, M13, Jeff Richards, Owl Ventures, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Thirty Five Ventures, Andre Iguodala, Ashish Toshniwal, Dharmesh Shah, Gunnar Lovelace, Marc Benioff, Nick Green, Nicolas Berggruen, Yash Sandesara
Oct 1, 2017	Petcube	$10.0M Series A	—	Almaz Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Cabra VC, Dig Ventures, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, Jeff Richards, One Way Ventures, PeakSpan Capital, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, Vladimir Gidirim
Oct 1, 2017	Achates Power	$30.0M Series D	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah
Oct 1, 2017	Kiavi	$57.0M Series C	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Crossbeam Venture Partners, Dig Ventures, Geek Ventures, ICONIQ Capital, KRM Interests LLC, Lightspeed Venture Partners, Menlo Ventures, Jeff Richards, Sand Hill Angels, Sapphire Ventures, Sierra Point Ventures, SNR, Tenaya Capital, Union Square Ventures, Ashish Toshniwal, Dharmesh Shah
Sep 1, 2017	Clumio	$11.0M Series A	—	Altimeter Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Dragoneer Investment Group, Geek Ventures, Sangeen Zeb, ICONIQ Capital, Lightspeed Venture Partners, Modern Venture Partners, Jeff Richards, Operator Collective, Sand Hill Angels, Sapphire Ventures, SNR, Sutter Hill Ventures, Tenaya Capital, Tiger Global Management, Wasabi Ventures, Ashish Toshniwal, Catherine Lu, Dharmesh Shah
May 1, 2017	Sendbird	$3.0M Seed	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Better Tomorrow Ventures, C2 Investment, Convective Capital, Dig Ventures, Founders Fund, Geek Ventures, Goat Capital, ICONIQ Capital, Kima Ventures, Lightspeed Venture Partners, Madrona Ventures, Matrix, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Two Sigma Ventures, Y Combinator, Ashish Toshniwal, Dharmesh Shah, Drew Houston, Emmett Shear, Eric Wu, Greg Brockman, James Beshara, Joe Greenstein, Kyle Vogt, Marissa Mayer, Rob Theis, Sahin Boydas, Sam Altman, Tikhon Bernstam, Trevor Blackwell
Aug 1, 2016	People.ai	$3.0M Seed	—	Almaz Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Camber Creek, Dell Technologies Capital, Dig Ventures, Jenny Fielding, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, Lux Capital, Jeff Richards, RRE Ventures, Sand Hill Angels, Sapphire Ventures, Sierra Ventures, SNR, Social Capital, Marco DeMeireles, Tenaya Capital, Third Prime, Tusk Venture Partners, Y Combinator, Anshu Sharma, Ashish Toshniwal, Deepak Jeevan Kumar, Dharmesh Shah, Jaffray Woodriff, Matt Cutts
Mar 1, 2016	Sendbird	$120K Seed	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Geek Ventures, Goat Capital, ICONIQ Capital, Lightspeed Venture Partners, Madrona Ventures, Jeff Richards, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Two Sigma Ventures, Y Combinator, Ashish Toshniwal, Dharmesh Shah, Rob Theis, Sahin Boydas
Feb 1, 2016	Petcube	$3.0M Seed	—	Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dig Ventures, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, Jeff Richards, One Way Ventures, PeakSpan Capital, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah
Aug 1, 2015	Mercato	$1.0M Seed	—	2048 Ventures, AngelPad, Barbara Corcoran Venture Partners, Blackbird Ventures, Correlation Ventures, Forefront Venture Partners, Keshif Ventures, Lazerow Ventures, NextGen Venture Partners, Ashish Toshniwal, George Godula, Marcy Simon, Shashank V Singh, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Dharmesh Shah, Dig Ventures, Geek Ventures, ICONIQ Capital, Jeff Richards, Lightspeed Venture Partners, Sand Hill Angels, Sapphire Ventures, SNR, Tenaya Capital
Mar 1, 2015	Petcube	$1.0M Seed	—	Airtree Ventures, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Blackbird Ventures Australia, Dig Ventures, Geek Ventures, ICONIQ Capital, Lightspeed Venture Partners, Jeff Richards, One Way Ventures, PeakSpan Capital, Sand Hill Angels, Sapphire Ventures, SNR, SOSV, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, Eric Ries, Michael Stoppelman
Oct 1, 2013	Achates Power	$35.0M Series C	—	Kevin Hartz, ACME Capital, Ambridge Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Bolt, Dig Ventures, DST Global, FirstMark Capital, Geek Ventures, General Atlantic, General Catalyst, Graypes GmbH, Greylock, ICONIQ Capital, IVP, Khosla Ventures, Lightspeed Venture Partners, Glenn Solomon, Hans Tung, Jeff Richards, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, SNR, Sound Ventures, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, Jabez Dewey, Jawed Karim, Jean-Sébastien Wallez, Jeff Bezos, Jeffrey Lam, Jeremy Stoppelman, Kevin Colas, Marcus Börner, Michael Abramson, Oliver Jung, Rashaun Williams, Shervin Pishevar, Tim Ringel, Vikas Sabnani
Oct 1, 2009	Achates Power	$12.0M Series A	—	Kevin Hartz, ACME Capital, Ambridge Capital, Andreessen Horowitz, Audacious Ventures, Aventures Capital, Ballistic Ventures, Bolt, Dig Ventures, DST Global, FirstMark Capital, Geek Ventures, General Atlantic, General Catalyst, Graypes GmbH, Greylock, ICONIQ Capital, IVP, Khosla Ventures, Lightspeed Venture Partners, Glenn Solomon, Hans Tung, Jeff Richards, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, SNR, Sound Ventures, Tenaya Capital, Ashish Toshniwal, Dharmesh Shah, Jabez Dewey, Jawed Karim, Jean-Sébastien Wallez, Jeff Bezos, Jeffrey Lam, Jeremy Stoppelman, Kevin Colas, Marcus Börner, Michael Abramson, Oliver Jung, Rashaun Williams, Shervin Pishevar, Tim Ringel, Vikas Sabnani

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Garage Technology Ventures.

Mike Scanlin

VP Entrepreneur Development

Bill Reichert

Managing Director and Co-Founder

Leadership Team

Key people at Garage Technology Ventures.

Mike Scanlin

VP Entrepreneur Development

Bill Reichert

Managing Director and Co-Founder

Deep Dive

Garage Technology Ventures is a seed and early-stage venture capital firm focused on investing in entrepreneurial teams with bold, unproven ideas targeting new markets and innovative solutions. Their mission centers on backing unproven teams attacking unproven markets rather than incremental improvements, typically investing between $500,000 and $3 million. They primarily focus on sectors such as software, services, clean technology, and material sciences, with a geographic emphasis on California and the Western U.S. The firm has played a significant role in the startup ecosystem by supporting early-stage companies that have gone on to become breakout successes, including Pandora Media and WhiteHat Security, helping shape the early internet and innovation landscape[1][2][4].

Founded in 2002 in California, Garage Technology Ventures was established by Bill Reichert, who remains a key managing partner alongside Henry Wong and Joyce Chung. The firm evolved from being one of the first accelerator-style funds, known for initiatives like the "Art of the Start" conference, to becoming a recognized seed investor in transformative technologies. In 2021, Garage was acquired by Pegasus Tech Ventures, expanding its global reach and resources while continuing its focus on early-stage innovation[1][5].

Core Differentiators

Unique Investment Philosophy: Focuses on unproven teams and markets, avoiding incremental innovation and instead backing disruptive ideas.
Network Strength: Early pioneer in accelerator-style support, with a strong network of entrepreneurs and investors cultivated through events and hands-on engagement.
Track Record: Early investments in notable companies like Pandora Media, Digital Fountain, and WhiteHat Security demonstrate its ability to identify high-potential startups.
Operating Support: Provides founders with mentorship and resources beyond capital, leveraging its experience and connections to accelerate growth.

Role in the Broader Tech Landscape

Garage Technology Ventures rides the wave of early-stage innovation, particularly in software and clean tech, at a time when emerging technologies demand risk-tolerant capital and hands-on support. The timing is critical as new markets and technologies rapidly evolve, requiring investors willing to back unproven concepts. By focusing on transformative rather than incremental innovation, Garage influences the broader ecosystem by nurturing startups that redefine industries and create new market categories, thereby fueling Silicon Valley’s and the Western U.S.’s innovation engine[1][2].

Quick Take & Future Outlook

Post-acquisition by Pegasus Tech Ventures, Garage Technology Ventures is positioned to leverage a global platform while maintaining its seed-stage focus. Future trends shaping its journey include increased emphasis on clean technology and material sciences alongside software innovation. As the startup ecosystem becomes more competitive, Garage’s commitment to unproven teams and markets may allow it to continue identifying breakthrough companies early. Its influence is likely to grow as it integrates global resources with its Silicon Valley roots, potentially expanding its impact on the next era of technological innovation[1].

This forward-looking stance ties back to Garage’s foundational mission: to empower extraordinary entrepreneurs with unique technologies that will define the future.

Sources

Frequently Asked Questions

Who founded Garage Technology Ventures?

Garage Technology Ventures was founded in 1997 by Bill Reichert (Managing Director and Co-Founder).

Frequently Asked Questions

Who founded Garage Technology Ventures?

Garage Technology Ventures was founded in 1997 by Bill Reichert (Managing Director and Co-Founder).

Core Differentiators

Unique Investment Philosophy: Focuses on unproven teams and markets, avoiding incremental innovation and instead backing disruptive ideas.
Network Strength: Early pioneer in accelerator-style support, with a strong network of entrepreneurs and investors cultivated through events and hands-on engagement.
Track Record: Early investments in notable companies like Pandora Media, Digital Fountain, and WhiteHat Security demonstrate its ability to identify high-potential startups.
Operating Support: Provides founders with mentorship and resources beyond capital, leveraging its experience and connections to accelerate growth.

Role in the Broader Tech Landscape

Quick Take & Future Outlook

This forward-looking stance ties back to Garage’s foundational mission: to empower extraordinary entrepreneurs with unique technologies that will define the future.