Koch Fund

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	Kalshi	$300.0M Series D	—	Andreessen Horowitz, Curie.Bio, NEO, Operator Partners, Paradigm, Sequoia Capital, Elad Gil, Eric Wu, Henry Kravis, Justin Mateen, Karim Atiyeh, Max Mullen, Patrick Collison
Aug 1, 2025	Basic Capital	$25.0M Series A	—	Andreessen Horowitz, Lux Capital, NEO, Paradigm, Sequoia Capital, Henry Kravis, Justin Mateen
Jul 1, 2025	Moment	$36.0M Series B	—	Andreessen Horowitz, Index Ventures, Kleiner Perkins, LAUNCH, NEO, Paradigm, Sequoia Capital, Charlie Cheever, Henry Kravis, James Giancotti, Jared Leto, Justin Mateen, Ryan Allis
Jun 1, 2025	NiaHealth	$4.0M Seed	—	1984 Ventures, 75 & Sunny, Aleph VC, AlleyCorp, Bain Capital Ventures, Coelius Capital, CRV, FJ Labs, Foundation Capital, Golden Ventures, Insight Partners, LAUNCH, NextView Ventures, Not Boring Capital, Pareto Holdings, SoftBank Investment Advisers, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen, Eric Wu, Evan Williams, Fabio Cannavale, Konstantin von Unger, rich simoni
Jun 1, 2025	Kalshi	$190.0M Series C	—	Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Curie.Bio, Haun Ventures, LGF, NEO, Hans Tung, Operator Partners, Paradigm, Sequoia Capital, Tusk Venture Partners, Amjad Masad, Elad Gil, Eric Wu, Henry Kravis, Justin Mateen, Karim Atiyeh, Max Mullen, Patrick Collison, Ron Pragides, Ryan Sarver, Ryan Tedder
Apr 1, 2025	NiaHealth	$3.0M Seed	—	Aleph VC, CRV, Insight Partners, LAUNCH, Not Boring Capital, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen
Oct 1, 2024	Best Day Brewing	$10.0M Series B	—	Arrive, Beckett Layne Ventures, BITKRAFT Ventures, E1 Ventures, Griffin Gaming Partners, Insight Partners, Lakeside Capital, Lightspeed Venture Partners, Partners Resolute, Predictive VC, Henry Fertik, Kevin Colas, Rashaun Williams
Jul 1, 2024	Haus	$20.0M Venture Round	—	Aleph VC, Andreessen Horowitz, CRV, DST Global, Emergence Capital, Foundamental, Insight Partners, LAUNCH, Not Boring Capital, Otherwise Fund, Team8, The Hit Forge, Version One Ventures, Y Combinator, Balaji Srinivasan, Efi Cohen, Matt Macinnis
Jul 1, 2024	OpenLedger	$8.0M Seed	—	Aleph VC, Animoca Brands, Blockchain Founders Fund, Borderless Capital, CRV, Insight Partners, LAUNCH, Not Boring Capital, Polychain Capital, Polygon, Stealth Labs, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen, Pascal Gauthier, Sebastien Borget, Tekin Salimi
Oct 1, 2023	Engine Biosciences	$27.0M Series A	—	HealthQuest Capital, Lightspeed Venture Partners, Polaris Partners
Sep 1, 2023	Moment	$17.0M Series A	—	AME Cloud Ventures, Andreessen Horowitz, Elsewhere Partners, Hardware Club, LAUNCH, NEO, Paradigm, Sequoia Capital, Henry Kravis, James Giancotti, Justin Mateen, Ryan Allis
Sep 1, 2023	Briya	$12.0M Series A	—	Aleph VC, CRV, Insight Partners, LAUNCH, Not Boring Capital, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen
Aug 1, 2023	Haus	$17.0M Series A	—	Aleph VC, CRV, Insight Partners, LAUNCH, Not Boring Capital, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen
May 1, 2023	Hallow	$50.0M Series C	—	Bond, Goodwater Capital, Renegade Partners, Tekton Ventures, Uncork Capital
Apr 1, 2023	Distyl AI	$7.0M Seed	—	Aglae Ventures, Alkeon Capital, Altimeter Capital, Jana Messerschmidt, Balderton Capital, BoxOne Ventures, Buckley Ventures, C2 Investment, Matt Ocko, Earl Grey Capital, Endeavor Venture Funds, FirstHand Alliance, Goat Capital, Gradient Ventures, Granite Asia, GSV Ventures, Hyper, Innovation Endeavors, KRM Interests LLC, LAUNCH, Lerer Hippeau, Lightspeed Venture Partners, Maven Ventures, Northzone, Pario Ventures, Placeholder, Redpoint Ventures, Runa Capital, Sarona Ventures, Seven Seven Six, Shaan's All Access Fund, The Hit Forge, Tiger Global Management, Volt Capital, Weekend Fund, Y Combinator, Aaron King, Aaron Rankin (Sprout Social), Adam Michalski, Balaji Srinivasan, Ben Davenport, Ben Porterfield, Bill Tai, Casey Neistat, Chris Fanini, Daniel Kan, DROdio - Daniel R. Odio, Emmett Shear, Florian Huber, Fredrik Hjelm, Immad Akhund, Jason Hunt, Jay Jamison, Kyle Vogt, Mikhail Seregine, Oleg Rogynskyy, Paul Yacoubian, Sahil Lavingia, Sahin Boydas, Scott Belsky, Ted Serbinski, Varsha Rao, Vikas Gupta, Viral Bajaria, Vishal Rao
May 1, 2022	Hugging Face	$100.0M Series C	—	A Capital, Accel, Act One Ventures, Addition, Adjacent, Anthemis Group, Arrive, Battery Ventures, Beckett Layne Ventures, Benchmark, Betaworks Ventures, BITKRAFT Ventures, Bonfire Ventures, Boost VC, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Contrary Capital, Crosscut Ventures, Cyberstarts VC, Kevin Ding, Dreamers VC, Drive Capital, E1 Ventures, Eight Roads Ventures, Factorial, Felicis Ventures, FirstMark Capital, Founders Fund, Future Shape, Gaingels, General Atlantic, GoAhead Ventures, Graph Ventures, Great Oaks Venture Capital, Griffin Gaming Partners, Highbury Group, Hustle Fund, Insight Partners, IVP, KRM Interests LLC, Lakeside Capital, Lead Edge Capital, Leadout Capital, Lightspeed Venture Partners, Liquid 2 Ventures, Long Ventures Partners, Lytical Ventures, Matchstick Ventures, Merus Capital, Metaplanet, Scott Sandell, NFX, Offline Ventures, Paradigm, Pareto Holdings, Partners Resolute, Predictive VC, Revolution Growth, Round One Capital, SCOR Ventures, Sequoia Capital, Shrug Capital, SignalFire, Splash Capital, Springdale Ventures, Henry Fertik, SV Angel, Marco DeMeireles, The Hit Forge, Thirty Five Ventures, Torch Capital, Ulu Ventures, Alex Rodriguez, Abrahami Avishai, Charlie Cheever, Clark Landry, Daren Cotter, Derrick Li, Eric Ries, Frederic Kerrest, Immad Akhund, Jaan Tallinn, Jennifer Lopez, Jiake Liu, Joe Greenstein, Karen King, Kevin Colas, Lev Ekster, Mark Cuban, Mark Pincus, Matthew Dellavedova, Michael Ma, Rashaun Williams, Ronny Conway, Ron Pragides, Ryan Carlson, Ryan Wyatt, Sahil Lavingia, Scott Belsky, Sheila Vashee, Tim Kendall, Todd Corenson
Apr 1, 2022	CoinDCX	$140.0M Series D	—	Arrive, B Capital Group, Dragonfly Capital Partners, Ethereal Ventures, General Catalyst, Next Frontier Capital, ParaFi Capital, Polychain Capital, Robot Ventures, David Hoffman, Fernando Martinelli, Jonathan Neman, Julian Koh, Mariano Conti, Stani Kulechov, Zak Cole
Feb 1, 2022	Northspyre	$25.0M Series B	—	Act One Ventures, Aleph VC, Craft Ventures, CRV, King Goh, Insight Partners, LAUNCH, Matrix, Moving Capital, Not Boring Capital, Pareto Holdings, Plug & Play Ventures, Quiet Capital, Team8, The Hit Forge, Version One Ventures, Balaji Srinivasan, Efi Cohen, Josh Mohrer
Feb 1, 2022	Heygo	$20.0M Series A	—	Abstract Ventures, Kevin Hartz, AirAngels, Alt Capital, Alumni Ventures, Banana Capital, Creandum, Earl Grey Capital, Encomenda Smart Capital, Jenny Fielding, Scott Hartley, Flyer One Ventures, Founders Fund, HealthQuest Capital, Jude Gomila Rolling Fund, Kearny Jackson, LAUNCH, Lightspeed Venture Partners, Menlo Ventures, Meritech Capital Partners, Mischief Venture Capital, Northzone, Offline Ventures, Pioneer Fund, Point Nine Capital, Polaris Partners, Rainfall Ventures, Stripe, Sweet Capital, YLEM, Abe Burns, Dan Wright, David Petersen, Eilert Giertsen Hanoa, Eric Quidenus-Wahlforss, Eric Ries, Frederic Kerrest, Gordon Wintrob, Ian Hogarth, Jeremy Cai, Joe White, Jon Runyan, Martin Sinner, Mathilde Collin, Max Mullen, Paul Rios, Ryan Carlson, Ryan Chan, Scott Belsky, Simon Beckerman, Siqi Chen, Stefan Blom, Tellef Thorleifsson, Tony Xu, Zack Kanter
Jan 1, 2022	Spenmo	$85.0M Series B	—	Corazon Capital, Marathon Venture Capital, MATH Venture Partners, Motivate Ventures, Right Side Capital Management, Smash Capital, Tiger Global Management, Vitalize Venture Group
Dec 1, 2021	Airtable	$740.0M Series F	—	7GC & Co, Accel, AirAngels, Alkeon Capital, AngelList Syndicator, Benchmark, Blisce, DCM, Felix Capital, Forerunner Ventures, F-Prime Capital Partners, Franklin Templeton Investments, Christian Miele, Lux Capital, Maverick Capital, Menlo Ventures, Paradigm, Partech Ventures, Possible Ventures, Seven Seven Six, SNR, Spark Capital, SV Angel, Thrive Capital, UpHonest Capital, Vayner RSE, Andy Chung, Emmanuel Seuge, Kyle Widrick, Mato Peric, Russell Cook, Ryan Duranso
Nov 1, 2021	UBTech Robotics	$3.0M Series D	—	5Y Capital, Wendell Brooks
Oct 1, 2021	MoonPay	$560.0M Series A	—	7percent Ventures, Anorak Ventures, Highbury Group, 01 Ventures, 305 Ventures, 9Yards Capital, Aaron VanDevender, Activant Capital, Album VC, Alumni Ventures, Ambridge Capital, Andreessen Horowitz, Andrus Purde, Angel investor, Anthony Pompliano, Arrive, Ballistic Ventures, Beckett Layne Ventures, Bessemer Venture Partners, Bill Ackman, BITKRAFT Ventures, Bombas, Builders VC, Casa Verde Capital, Coelius Capital, CP Ventures, Craft Ventures, CRV, E1 Ventures, E-Merge, Evan Lee, Formic Ventures, Foundation Capital, Founders Fund, Foundry Group, General Atlantic, General Catalyst, Greenfield One, Griffin Gaming Partners, Haun Ventures, Henry Fertik, Indrek Kasela, Insight Partners, IVP, K2 Global, Kevin Colas, Khaled Helioui, Lakeside Capital, Lightspeed Venture Partners, Liza Landsman, Long Ventures Partners, Martin Villig, Märt Kelder, Mechanism Capital, Oak HC/FT, One Way Ventures, Othman Laraki, Paradigm, Pario Ventures, Partners Resolute, Pioneer Fund, Predictive VC, Preetha Parthasarathy, Rashaun Williams, Ribbit Capital, Russell Cook, Ryan Duranso, Sebastien Borget, Sequoia Capital, Sheila Lirio Marcelo, Soma Capital, Sound Ventures, Streamlined Ventures, Sung ho Choi, Team Ignite Ventures, The General Partnership, The Hit Forge, Trevor McFedries, Tribe Capital, TTV Capital, UpHonest Capital, Vera Equity, Wave Financial, WestCap, Winklevoss Capital
Oct 1, 2021	HT Aero	$500.0M Series A	—	5Y Capital, Wendell Brooks
Sep 1, 2021	NOVOS	$3.0M Seed	—	Arkitekt Ventures, Arrive, Beckett Layne Ventures, BITKRAFT Ventures, Curie.Bio, E1 Ventures, Griffin Gaming Partners, Insight Partners, Khosla Ventures, Lakeside Capital, Lightspeed Venture Partners, Operator Partners, Partners Resolute, Predictive VC, Henry Fertik, Assaf Wand, Kevin Colas, Oded Hermoni, Rashaun Williams

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Koch Fund.

Vic Koch

Partner

Leadership Team

Key people at Koch Fund.

Vic Koch

Partner

Deep Dive

Koch Fund – High-Level Overview

Koch Fund refers to Koch Disruptive Technologies (KDT), the venture and growth investment arm of Koch Industries, one of the largest private conglomerates in the United States. KDT’s mission is to identify and invest in emerging, high-growth technologies that have the potential to disrupt traditional industries and enhance Koch’s core business capabilities. The firm’s investment philosophy centers on long-term value creation, leveraging Koch’s vast operational expertise and global network to support portfolio companies. KDT targets sectors including healthcare, supply chain, advanced manufacturing, and digital transformation, with a focus on early-stage to late-stage growth opportunities. Its investments have helped accelerate innovation in areas such as medical devices, 3D printing, and logistics automation, making KDT a significant player in the startup ecosystem for industrial and deep-tech ventures.

Origin Story

Koch Disruptive Technologies was launched in 2016 as part of Koch Industries’ broader strategy to drive innovation and stay ahead of technological change. The fund was established under the leadership of Jason Illian, who serves as managing director, and operates with the backing of Koch’s substantial resources and decades of experience in scaling complex businesses. KDT’s evolution reflects Koch’s shift from a traditional industrial conglomerate to a forward-looking organization embracing disruptive technologies. Early investments in companies like INSIGHTEC, Ibotta, and Desktop Metal signaled KDT’s intent to back transformative technologies with real-world impact, setting the stage for its reputation as a strategic and hands-on investor.

Core Differentiators

Unique Investment Model: KDT combines venture capital with deep operational support, offering portfolio companies access to Koch’s global infrastructure, supply chain, and industry expertise.
Network Strength: Backed by Koch Industries, KDT provides unparalleled access to a network of industrial partners, customers, and technical resources.
Track Record: KDT has led high-profile investments in breakthrough technologies, including MRI-guided surgery, mobile rewards platforms, and metal 3D printing.
Operating Support: Unlike traditional VC firms, KDT actively collaborates with founders to scale operations, enter new markets, and solve complex technical challenges.

Role in the Broader Tech Landscape

KDT is riding the wave of industrial digitization and the convergence of physical and digital technologies. The timing is critical as industries from healthcare to manufacturing face pressure to innovate and adapt to new technologies. Market forces such as the rise of automation, the demand for sustainable solutions, and the need for resilient supply chains are working in KDT’s favor. By investing in companies that bridge the gap between traditional industries and cutting-edge tech, KDT is helping shape the future of industrial innovation and influencing how large enterprises approach digital transformation.

Quick Take & Future Outlook

Koch Disruptive Technologies is poised to remain a key player in the industrial tech investment space, with a growing portfolio of companies at the forefront of innovation. As the lines between physical and digital continue to blur, KDT’s ability to combine capital with operational expertise will be increasingly valuable. The firm is likely to expand its reach into new sectors such as AI-driven logistics, advanced materials, and next-generation healthcare technologies. Koch’s long-term, principle-based approach ensures that KDT will continue to influence not just the startups it backs, but the broader trajectory of industrial innovation.

Sources

Koch Fund – High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: KDT combines venture capital with deep operational support, offering portfolio companies access to Koch’s global infrastructure, supply chain, and industry expertise.
Network Strength: Backed by Koch Industries, KDT provides unparalleled access to a network of industrial partners, customers, and technical resources.
Track Record: KDT has led high-profile investments in breakthrough technologies, including MRI-guided surgery, mobile rewards platforms, and metal 3D printing.
Operating Support: Unlike traditional VC firms, KDT actively collaborates with founders to scale operations, enter new markets, and solve complex technical challenges.