LGF

Ex-Stripe product leader's VC funds backed by Dell and Karsh family foundations

ActiveVenture Capital

Updated: Dec 2, 2025 ·

About

Ex-Stripe product leader's VC funds backed by Dell and Karsh family foundations

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2025	Netic	$23.0M Series B	—	Founders Fund, Greylock, Hanabi Capital, Dylan Field, Elad Gil
Oct 1, 2025	1001 AI	$9.0M Seed	—	Axiom Partners, C2 Investment, Contrary Capital, Glade Brook Capital Partners, Goodwater Capital, Lux Capital, Target Global, Venture Highway, Y Combinator, Akshay Kothari, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, David Petersen, Eoghan McCabe, Gerald Parloiu, Gokul Rajaram, Manik Gupta, Oliver Jung
Oct 1, 2025	Meanwhile	$82.0M Series B	—	Acrew Capital, Bain Capital Crypto, Exponent Founders Capital, General Catalyst, Mouro Capital, MS&AD Ventures, StillMark, Vouch Insurance, Dylan Field, Hunter Horsley, Karim Atiyeh, Parker Conrad, Sam Altman, Sam Blond, Sean Harper, Wences Casares
Oct 1, 2025	Deel	$300.0M Series E	—	Andreessen Horowitz, C2 Investment, Cambrian Ventures, Coatue, Electric Capital, Founders Fund, Franklin Templeton Investments, General Catalyst, Gradient Ventures, Green Bay Ventures, Incisive Ventures, Ribbit Capital, Roosh Ventures, Seven Seven Six, Spark Capital, Y Combinator, Alexandre Scialom, Ben Lang, Elad Gil, Jeffrey Wilke, Justin Mateen, Vinay Hiremath, William Hockey
Oct 1, 2025	Airbound	$9.0M Seed	—	AngelList, Lightspeed India Partners
Oct 1, 2025	Zepto	$450.0M Series H	—	10100, Anti fund, Contrary Capital, General Atlantic, General Catalyst, Glade Brook Capital Partners, Goodwater Capital, Paradigm, Target Global, Venture Highway, Y Combinator, Cory Levy, Gerald Parloiu, John Collison, Ken Howery, Manik Gupta, Oliver Jung, Patrick Collison
Sep 1, 2025	Alpic	$6.0M Seed	—	Hanabi Capital, Insight Partners, Motier Ventures, Next47, Partech Ventures, Mandeep Singh, Mike Krieger, Vinay Hiremath
Sep 1, 2025	Slate Milk	$23.0M Series B	—	Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, Haun Ventures, NEO, Hans Tung, Sequoia Capital, Tusk Venture Partners, Amjad Masad, Ron Pragides, Ryan Sarver
Sep 1, 2025	Baseten	$150.0M Series D	—	01 Advisors, Gautam Gupta, Kevin Hartz, Accel, Acrew Capital, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Bond, C2 Investment, Conviction Partners, DTCP, Forerunner Ventures, Gradient Ventures, Greylock, Sangeen Zeb, Infinite Capital, IVP, Liquid 2 Ventures, Pioneer Fund, Plaid, Predictive VC, Ribbit Capital, Sequoia Capital, Spark Capital, Jarrod Dicker, The General Partnership, Y Combinator, Aaron Levie, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Frederic Kerrest, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Sep 1, 2025	Zania	$18.0M Series A	—	Andreessen Horowitz, BITKRAFT Ventures, Foundation Capital, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Mischief Venture Capital, Hilarie Koplow-McAdams, Scott Sandell, New Enterprise Associates, Tet Ventures, The Fintech Fund, Union Square Ventures, Allison Pickens (Allison Pickens Ventures), Charles Zedlewski, Naveen Jain, Neha Narkhede, William Hockey
Sep 1, 2025	Cognition	$400.0M Series C	—	Alkeon Capital, Conviction Partners, Founders Fund, Gaingels, Indeed.com, Otherwise Fund, Paradigm, Pear VC, Stellar Capital, bill weathersby, Elad Gil, John Collison, Karim Atiyeh, Konstantin von Unger, Tony Xu
Sep 1, 2025	The Interaction Company of California	$15.0M Seed	—	10100, 8VC, Adverb Ventures, Alchemy Ventures, Anti fund, BoxGroup, Contrary Capital, Foundation Capital, Founders Fund, Fuel Capital, General Atlantic, General Catalyst, Giant Ventures, Green Bay Ventures, Greylock, Khosla Ventures, Lux Capital, Menlo Ventures, Paradigm, Pareto Holdings, Pioneer Fund, Predictive VC, Sequoia Capital, SignalFire, Signia Venture Partners, Soma Capital, Stellar Capital, Susquehanna Capital, SV Angel, The House Fund, Thrive Capital, Venture Highway, WndrCo LLC, Y Combinator, Bradley Horowitz, Chafic Kazoun, Cory Levy, Drew Houston, Dylan Field, Guillermo Rauch, John Collison, Ken Howery, Kulveer Taggar, Lisa Dolan, Mark Pincus, Patrick Collison, Saki Georgiadis, Scott Belsky, Shishir Mehrotra, Teddy Citrin
Aug 1, 2025	Zed Industries	$32.0M Series B	—	DST Global, Founders Fund, General Catalyst, Greylock, Hanabi Capital, Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital, Wellington Management, Elad Gil, Sahin Boydas, Thom Ruhe
Aug 1, 2025	Chai Discovery	$70.0M Series A	—	8VC, Alkeon Capital, C2 Investment, Gaingels, Indeed.com, Innovation Endeavors, Menlo Ventures, Otherwise Fund, Paradigm, Stellar Capital, Thrive Capital, Y Combinator, Elad Gil, John Collison, Konstantin von Unger, Patrick Collison
Aug 1, 2025	Rillet	$70.0M Series B	—	Kevin Hartz, Andreessen Horowitz, Cherry Ventures, Creandum, FasterCapital, First Round Capital, ICONIQ Capital, Lead Edge Capital, QED Investors, Sequoia Capital, Susa Ventures, XYZ Venture Capital, Bill Gates, Cristina Cordova, Gordon Wintrob, Mike Vernal, Scott Belsky, Will Martin, Zack Kanter
Aug 1, 2025	Pronto	$11.0M Series A	—	Alumni Ventures, Bain Capital Ventures, Day One Ventures, Glade Brook Capital Partners, Rajan Anandan, Soma Capital, Venture Highway, Y Combinator, Alexander Zhuravlev, Alex Zhuravlev, Frederic Kerrest, Oliver Jung, Pete Koomen, Pratyus Patnaik, Sahin Boydas, Stanley Druckenmiller
Jul 1, 2025	Varda	$190.0M Series C	—	01 Advisors, 11k Ventures, 8VC, Abstract Ventures, Afore Capital, Also Capital, Alumni Ventures, Andreessen Horowitz, Anorak Ventures, Ballistic Ventures, Bedrock Capital, Caffeinated Capital, Champion Hill Labs, Cubit Capital, Daft Capital, DCM, Drive Capital, E1 Ventures, Floodgate, Founders Fund, General Catalyst, Goat Capital, Khosla Ventures, Lux Capital, Marlinspike, Next47, Outliers Fund, Paradox Capital, Prime Movers Lab, Rabben Hood Ventures, Saga, Sequoia Capital, Stellar Capital, The Hit Forge, Virginia Venture Partners, XYZ Venture Capital, Y Combinator, Austin Ogilvie, Emil Lee, Fanny Surjana, Gokul Rajaram, Joao Otavio Oliverio, Joshua Reeves, Justin Mateen, Louis Beryl, Mark Cuban, Mattia Astori, Mircea Pasoi, Natasha Ahmed, Richard Cooperstein, Sahin Boydas, Sohila Zadran, Sri Batchu, Stephen Romanoff, Thomas Tull, Vineet Jain, Vivek Patel, William Miller, Zachary Hargreaves
Jul 1, 2025	Chariot Defense	$8.0M Seed	—	Atomico, General Catalyst, Sequoia Capital, XYZ Venture Capital, Bill Gates, Henry Kravis, Mike Vernal
Jul 1, 2025	Ashby	$50.0M Series D	—	Alkeon Capital, Bee Partners, Blue Bear Capital, Contrary Capital, Gaingels, General Catalyst, Greylock, Indeed.com, Next Play Ventures, Otherwise Fund, Sequoia Capital, UP.Partners, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Drew Houston, Dylan Field, Elad Gil, John Collison, Jonathan Wasserstrum, Konstantin von Unger, Kyle Vogt, Marc Benioff, Sahin Boydas, Sam Altman, Scott Belsky, Vivek Patel
Jul 1, 2025	Ramp	$500.0M Series E	—	8VC, Afore Capital, Alumni Ventures, Andreessen Horowitz, Bessemer Venture Partners, BoxGroup, Caffeinated Capital, Canvas Ventures, Chemistry VC, Cherry Ventures, Construct Capital, Contrary Capital, Countdown Capital, Cubit Capital, Diaspora Ventures, FirstMile Ventures, Floodgate, Founders Fund, General Catalyst, Giant Ventures, Industry Ventures, Khosla Ventures, Launch House Ventures, Lux Capital, Pareto Holdings, Picus Capital, Ravelin Capital, Saga, Sequoia Capital, Seven Seven Six, Stash Ventures, Susquehanna Capital, The House Fund, Thrive Capital, Bradley Horowitz, Catherine Wood, Chafic Kazoun, Eduardo Alcalay, Harry Hurst, Javaughn Lawrence, Justin Mateen, Koen Koeppen, Lucas Medola, Mark Casady, Rob Meyerson, Scott Belsky, Teddy Citrin, Zachary Hargreaves
Jul 1, 2025	PlayerZero	$5.0M Seed	—	645 Ventures, 8VC, Abstract Ventures, Bennett Siegel, Kevin Hartz, Adverb Ventures, Alchemy Ventures, Alt Capital, Ben Taft's Genius Ventures, Citi Ventures, Craft Ventures, DFJ, DST Global, Expa, Felicis Ventures, First Round Capital, Forerunner Ventures, Foundation Capital, Foundry Group, Fuel Capital, Green Bay Ventures, Greylock, High Alpha, Intel Capital, Liquid 2 Ventures, Maniv Mobility, Matrix, Maverick Capital, Nyca Partners, Radical Ventures, Scribble Ventures, Seven Seven Six, SignalFire, South Park Commons, SV Angel, Thayer Ventures, Thrive Capital, Toyota Ventures, Two Sigma Ventures, Uncork Capital, Underscore VC, Weekend Fund, WndrCo LLC, Y Combinator, Amjad Masad, Austin Ogilvie, Chris Bennett, Daniel Kan, Deborah Liu, DJ Patil, Drew Houston, Dylan Field, Eric Futoran, Evan Moore, Fidji Simo, Guillaume Luccisano, Guillermo Rauch, Howie Liu, Jacob Kerzner, Jason Kay, Justin Mateen, Kevin Lin, Marc Benioff, Mark Pincus, Mike Abbott, Mike Liu, Mike Vernal, Nate Matherson, Nitay Joffe, Prescott Watson, Quinn Slack, Shishir Mehrotra, Stewart Butterfield, Tobias Lutke, Yan-David Erlich
Jul 1, 2025	Aidoc	$110.0M Venture Round	—	Alpha Intelligence Capital, Bond, General Catalyst, Khosla Ventures, Sapphire Ventures, Square Peg Capital, TCV, TLV Partners, Transformation Capital, Danny Hadar, Uday Sandhu
Jul 1, 2025	Ambience Healthcare	$240.0M Series C	—	Accel, Addition, Andreessen Horowitz, Bond, Buckley Ventures, Floodgate, General Catalyst, Greylock, Haystack, Khosla Ventures, Kleiner Perkins, Lux Capital, Matrix, Next Play Ventures, Oak HC/FT, Open AI Startup Fund, Tribe Capital, Venture Highway, Y Combinator, Bradley Horowitz, Elad Gil, Gokul Rajaram, Henry Kravis, Justin Mateen, Nico Rosberg, Paul Graham
Jul 1, 2025	Moonvalley	$84.0M Seed	—	Bond, Clear Ventures, Engineering Capital, General Catalyst, Khosla Ventures, Prosperity7 Ventures, Sapphire Ventures, Third Rock Ventures, Transformation Capital
Jun 1, 2025	Netic	$20.0M Seed	—	10100, 1confirmation, Abstract Ventures, Kevin Hartz, Alumni Ventures, Amino Capital, AngelList, Bling Capital, Brainchild, C2 Investment, Kevin Ding, Divergence Ventures, Founders Fund, General Catalyst, Goat Capital, Greenoaks Capital, Greylock, Hanabi Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Longtail Ventures, Madrona Ventures, Menlo Ventures, Ann Bordetsky, New Form Capital, Polychain Capital, Primitive Ventures, Quiet Capital, Robot Ventures, Saga, Sound Ventures, The Hit Forge, Thrive Capital, Tribe Capital, UpHonest Capital, Y Combinator, Balaji Srinivasan, Diego Berdakin, Dylan Field, Elad Gil, Mark Pincus, Matt Bellamy, Mike Vernal, Sahin Boydas, Samvit Ramadurgam, Sohail Prasad, Stani Kulechov, Sue Xu, Vitalik Buterin

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at LGF.

Lachy Groom

Investor

Leadership Team

Key people at LGF.

Lachy Groom

Investor

Deep Dive

High-Level Overview

LGF is a venture capital fund led by Lachy Groom, a former product leader at Stripe, based in San Francisco. The fund focuses on early-stage investments in the USA, typically writing checks ranging from pre-seed to Series A rounds, with amounts from under $100K up to $10M. While specific sector preferences are not explicitly detailed, LGF has invested across communications and information technology, education and research, business services, life sciences and healthcare, and consumer products and services, indicating a broad but tech-centric investment philosophy. The fund is backed by prominent family foundations including the Michael & Susan Dell Foundation and the Karsh family foundations, which are known for their mission-driven, impact-oriented investment approaches. LGF aims to support innovative startups by leveraging Lachy Groom’s product expertise and network, contributing to the startup ecosystem by enabling early-stage companies to scale and innovate.

Origin Story

LGF was founded by Lachy Groom, who transitioned from a product leadership role at Stripe to venture capital investing. The fund’s establishment reflects Groom’s deep experience in product development and scaling technology companies, positioning LGF to identify and support promising startups at early stages. The backing by the Michael & Susan Dell Foundation and Karsh family foundations aligns LGF with a philanthropic and impact-driven investment ethos, emphasizing social progress alongside financial returns. The fund’s evolution centers on leveraging Groom’s operational background and the strategic support of its backers to foster startups that can deliver both innovation and societal impact.

Core Differentiators

Unique Investment Model: LGF combines traditional venture capital investing with the strategic support and impact orientation of its foundation backers, blending financial returns with social impact.
Network Strength: Lachy Groom’s experience at Stripe and connections in the tech ecosystem provide LGF with access to high-quality deal flow and operational insights.
Track Record: While specific exits or portfolio highlights are not publicly detailed, LGF’s ability to attract backing from established family foundations signals credibility and potential.
Operating Support: The fund leverages Groom’s product expertise to offer hands-on guidance to portfolio companies, enhancing their growth trajectories.

Role in the Broader Tech Landscape

LGF operates at the intersection of early-stage technology innovation and impact investing, riding the trend of venture capital funds increasingly aligning with ESG and social impact goals. The timing is favorable as investors and founders alike seek capital partners who understand product development deeply and prioritize sustainable growth. The involvement of the Michael & Susan Dell Foundation and Karsh family foundations situates LGF within a broader movement of family offices and philanthropic entities influencing venture capital to address systemic challenges through scalable startups. This positions LGF as a catalyst for startups that not only innovate technologically but also contribute to social progress.

Quick Take & Future Outlook

Looking ahead, LGF is poised to deepen its influence by continuing to back early-stage startups that align with both technological innovation and social impact. Trends such as increased ESG integration in venture capital, growing demand for mission-driven entrepreneurship, and the rise of product-led growth models will shape LGF’s investment journey. The fund’s unique blend of product leadership and foundation backing may enable it to carve out a distinctive niche, potentially expanding its portfolio and impact footprint. As the startup ecosystem evolves, LGF’s role as a bridge between high-growth tech ventures and impact-focused capital could become increasingly significant.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: LGF combines traditional venture capital investing with the strategic support and impact orientation of its foundation backers, blending financial returns with social impact.
Network Strength: Lachy Groom’s experience at Stripe and connections in the tech ecosystem provide LGF with access to high-quality deal flow and operational insights.
Track Record: While specific exits or portfolio highlights are not publicly detailed, LGF’s ability to attract backing from established family foundations signals credibility and potential.
Operating Support: The fund leverages Groom’s product expertise to offer hands-on guidance to portfolio companies, enhancing their growth trajectories.