R-Squared Ventures

R-Squared Ventures is an angel fund for entrepreneurs investing in and supporting entrepreneurs.

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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)
Jan 28, 2026	Slice Global	$25.0M Series A	Insight Partners	Cooley, Fenwick & West, Jibe Ventures, TLV Partners
Nov 1, 2024	PointFive	$20.0M Series A	—	Aglae Ventures, Andreessen Horowitz, Cyberstarts VC, Greenoaks Capital, ICON, Index Ventures, Insight Partners, IVP, Lightspeed Venture Partners, Hans Tung, Patron, Play Ventures, Salesforce Ventures, Sequoia Capital, SoftBank Investment Advisers, Anton Gauffin, Assaf Rappaport, Bernard Arnault, Dean Sysman, Eric Seufert, Guy Podjarny, Howard Schultz, Neil Parikh, Rakesh K. Loonkar, Ziv Elul
Jun 1, 2024	Arya	$8.0M Seed	—	Ada Ventures, Alumni Ventures, BBG Ventures, Craft Ventures, Jenny Fielding, Fabric Ventures, Hanaco Ventures, ICON, Kearny Jackson, Patron, Play Ventures, Tamar Technology Ventures, Touch Capital, Abe Burns, Anton Gauffin, Eric Seufert, Jas Purewal, Neil Parikh, Oren Dobronsky, Rupert Loman, Steph Korey, Ziv Elul
Dec 1, 2023	Gotiva	$1.0M Seed	—	Creandum, Earlybird Venture Capital, Felix Capital, ICON, Patron, Play Ventures, Scale Asia Ventures, SMOK Ventures, Y Combinator, Bartek Pucek, Chris Murphy, Christian Bach, Eric Seufert, Heini Zachariassen, Mathias Biilmann Christensen, Neil Parikh, Ziv Elul
Aug 1, 2023	Kyros	$11.0M Series A	—	Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji
Oct 1, 2022	Kyros	$2.0M Seed	—	Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji
Apr 1, 2022	Kyros	$3.0M Seed	—	Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji
Apr 1, 2022	Tribute	$3.0M Seed	—	ICON, Patron, Play Ventures, Reign Ventures, Anton Gauffin, Eric Seufert, Neil Parikh, Ziv Elul
Mar 1, 2022	Firstbase	$50.0M Series B	—	2045 ventures, Accomplice VC, Afore Capital, Alpaca VC, Alumni Ventures, Andreessen Horowitz, Aux21 Capital, Banana Capital, Contrary Capital, Forum Ventures, Golden Ventures, Gradient Ventures, Innovation Endeavors, Kleiner Perkins, Lightspeed Venture Partners, M13, Makers Fund, Multicoin Capital, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Sterling Equity, Trucks Venture Capital, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Kevin Lin, Leore Avidar, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji
Mar 1, 2022	Arya	$2.0M Seed	—	Acequia Capital, ICON, Patron, Play Ventures, Tamar Technology Ventures, Andreas Mihalovits, Anton Gauffin, Eric Seufert, Greg Tseng, Henrik Kraft, Janis Zech, Neil Parikh, Nir Erez, Oren Dobronsky, Yigal Jacoby, Ziv Elul
Dec 1, 2021	Gotiva	$900K Seed	—	Craft Ventures, Fabric Ventures, ICON, Kearny Jackson, Patron, Play Ventures, Abe Burns, Eric Seufert, Jas Purewal, Neil Parikh, Ragnar Kruse, Rupert Loman, Ziv Elul
Apr 1, 2021	Firstbase	$13.0M Series A	—	8VC, Accel, Ada Ventures, Afore Capital, Amino Capital, Andreessen Horowitz, Asymmetric Capital Partners, Bessemer Venture Partners, BlueYard Capital, BootstrapLabs, Buckley Ventures, Jenny Fielding, Scott Hartley, Fifty Years, Founder Collective, Jude Gomila Rolling Fund, LAUNCHub Ventures, M12, Mango Capital, NFX, Passion Capital, Piton Capital, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Revolution Growth, RRE Ventures, Sinai Ventures, SNR, SV Angel, Triatomic Capital, TSVC Capital, Uncorrelated Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Eric Bielke, Farzad Nazem, Gary Lauder, Gil Hirsch, Immad Akhund, James Meekings, Louis Beryl, Marc Benioff, Noosheen Hashemi, Peter Sterky, Ran Makavy, Sue Xu, Tirto Adji, Tyler Willis
Aug 1, 2019	Backbone PLM	$10.0M Series A	—	August Capital, Blockchange Ventures, Coatue, Commerce Ventures, Founders' Co-op, Foundry Group, Freestyle Capital, Moonshots Capital, Novel TMT, Nyca Partners, Signal Peak Ventures, Telstra Ventures, True Ventures, Webb Investment Network, Zeev Capital, Chuck Geiger, don katz, Harris Barton, Oliver Jung, Oren Dobronsky
Aug 1, 2018	Backbone PLM	$8.0M Series A	—	Blockchange Ventures, Coatue, Commerce Ventures, Freestyle Capital, Moonshots Capital, Novel TMT, Nyca Partners, Signal Peak Ventures, Telstra Ventures, Webb Investment Network, Zeev Capital, Chuck Geiger, don katz, Harris Barton, Oliver Jung, Oren Dobronsky
Apr 1, 2018	Suki	$15.0M Series A	—	Andreessen Horowitz, BoxGroup, Curie.Bio, Dopamine Ventures, First Round Capital, Founder Collective, NFX, Operator Partners, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Mark Gerson, Noosheen Hashemi, Ran Makavy, Tirto Adji
Dec 1, 2017	Hawthorne	$2.0M Seed	—	9Yards Capital, Adverb Ventures, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Craft Ventures, Kevin Ding, Elefund, Ensemble VC, FirstMark Capital, Founder Collective, Founders Fund, FPV Fund, Innovent Capital Group, Jigsaw VC, K9 Ventures, Long Journey Ventures, Menlo Ventures, Moonshots Capital, NFX, Offline Ventures, Pioneer Fund, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Spero Ventures, Susa Ventures, Tribe Capital, TSVC Capital, Union Square Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Jeffrey Lee, Louis Beryl, Marc Benioff, Noosheen Hashemi, Ran Makavy, Russell Cook, Scott Banister, Scott Belsky, Stewart Butterfield, Taz Patel, Tirto Adji, Todd Corenson, Vivek Garipalli
Apr 1, 2017	Thriver	$5.0M Seed	—	Altair Capital Management, Blockchange Ventures, Coatue, Fifth Wall, Lionheart Ventures, Long Journey Ventures, Meridian Street Capital, Novel TMT, Pareto Holdings, Quiet Capital, Recursive Ventures, Silicon Valley Data Capital, Unpopular Ventures, Webb Investment Network, Zeev Capital, Badr Al-Rumaih, Chuck Geiger, don katz, Ethan Beard, Harris Barton, John Kobs, Oliver Jung, Oren Dobronsky, Othman Laraki, Sean Glass, Tom Williams
Sep 1, 2016	Stella	$10.0M Seed	—	Andreessen Horowitz, Bain Capital Ventures, Bowery Capital, CRV, Curie.Bio, Zachary Bogue, Equity Alliance, Felicis Ventures, First Round Capital, Flex Capital, Fortress Investment Group, Founder Collective, Great Oaks Venture Capital, Khosla Ventures, Matrix, NFX, Operator Partners, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Susa Ventures, The Finger Group, Vine Ventures LP, Visionaire Ventures, Brian Distelburger, David Yaffe, Dennis Crowley, Emil Michael, Farzad Nazem, Gil Hirsch, Gokul Rajaram, Jim Pallotta, Joshua Schachter, Marc Benioff, Mike Kourey, Noosheen Hashemi, Pierre Valade, Ran Makavy, Roger Ehrenberg, Shlomo Kramer, Tirto Adji, Wiley Cerilli
Aug 1, 2016	Backbone PLM	$250K Seed	—	Blockchange Ventures, Coatue, Novel TMT, Zeev Capital, Chuck Geiger, don katz, Harris Barton, Oliver Jung, Oren Dobronsky
Jul 1, 2016	Jolt	$2.0M Seed	—	Andreessen Horowitz, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Marc Benioff, Noosheen Hashemi, Ran Makavy, Tirto Adji
Apr 1, 2016	Carbon Health	$2.0M Seed	—	Altimeter Capital, Andreessen Horowitz, Balderton Capital, Gradient Ventures, Granite Asia, Koch Fund, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sinai Ventures, Tiger Global Management, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Tirto Adji
Mar 1, 2016	SuperPhone	$2.0M Seed	—	ACME Capital, Andreessen Horowitz, Army Venture Capital Corp., Batalion Capital, Blockchange Ventures, Bonin Ventures, Coatue, Great Oaks Venture Capital, IVP, Long Journey Ventures, Looking Glass Capital, MaC Venture Capital, Novel TMT, Pareto Holdings, Penny Jar Capital, QueensBridge Venture Partners, TechSquare Labs, TQ Ventures, Transmedia Capital, UpHonest Capital, Y Combinator, Zeev Capital, Andre Iguodala, Anthony Saleh, Chuck Geiger, don katz, Erik Moore, Harris Barton, Jacob Chapman, John Legend, Oliver Jung, Oren Dobronsky, Shervin Pishevar, Stefan Zuschke, Trevor Blackwell
Feb 1, 2016	FiscalNote	$10.0M Series C	—	AAF Management Ltd., Kevin Hartz, AME Cloud Ventures, Amplo, Andreessen Horowitz, Barrel Ventures, Bennu, Capital Factory, Chicago Ventures, Jenny Fielding, Scott Hartley, FJ Labs, Floodgate, Founders Fund, Great North Ventures, Hanabi Capital, Hardware Club, Heroic Ventures, Montage Ventures, NewFund, NFX, Jeff Richards, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Shasta Ventures, Sherpalo Ventures, Sinai Ventures, The Hit Forge, Transformation Capital, Vine Ventures LP, Visionaire Ventures, Daniel Rosensweig, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Noosheen Hashemi, Ran Makavy, Sahin Boydas, Stanley Druckenmiller, Tirto Adji
Feb 1, 2016	Silk Labs	$3.0M Seed	—	Andreessen Horowitz, Arthur Ventures, Baseline Ventures, Harrison Metal, High Alpha, IDG Ventures, Long Journey Ventures, NFX, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Alexander Rosen, Sinai Ventures, Vine Ventures LP, Visionaire Ventures, Emil Michael, Farzad Nazem, Gary Lauder, Gil Hirsch, Marc Benioff, Mike Volpe, Noosheen Hashemi, Ran Makavy, Scott Banister, Tirto Adji
Dec 1, 2015	Echo AI	$1.0M Seed	—	8-Bit Capital, Andreessen Horowitz, Angular Ventures, ArcTern Ventures, Battery Ventures, Bessemer Venture Partners, Boldstart Ventures, Bond, Caffeinated Capital, Catapult Capital, Celesta, Commerce Ventures, Cross Culture Ventures, Earthshot Ventures, First Round Capital, Floodgate, G2VP, M.G. Siegler, Kleiner Perkins, Klossy, KRM Interests LLC, Lazerow Ventures, MaC Venture Capital, Maveron, Moonshots Capital, Jonathan Golden, Next Play Ventures, NFX, Night Capital, Jeff Richards, Offline Ventures, Otherwise Fund, Pareto Holdings, Point72 Ventures, Quiet Capital, Race Capital, Rally Ventures, Relay Ventures, Sequoia Capital, Seven Seven Six, Sinai Ventures, Spark Capital, SV Angel, Threshold Ventures, Tribe Capital, Uncork Capital, Upfront Ventures, Velvet Sea Ventures, Vine Ventures LP, Visionaire Ventures, Winklevoss Capital, Y Combinator, Aaron Harris, Alex Kayyal, Bob Lee, Charles Huang, Charlie Cheever, Chris Hulls, Dan Ciporin, Eoghan McCabe, Farzad Nazem, Frederic Kerrest, Gary Lauder, Gil Hirsch, Hiten Shah, Lisa Gansky, Marc Benioff, MG Siegler, Mike Krieger, Noosheen Hashemi, Pierre Valade, Ran Makavy, Roger Ehrenberg, Sam Hickmann, Scott Belsky, Spencer Kimball, Stewart Butterfield, Thibaud Elziere, Tirto Adji, Todd Corenson, Troy Carter

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at R-Squared Ventures.

Leadership Team

Key people at R-Squared Ventures.

Deep Dive

High-Level Overview

R-Squared Ventures is an angel fund dedicated to supporting entrepreneurs building transformative companies at the earliest stages. The firm’s mission centers on backing founders who are tackling real problems with bold visions, operating in sizable markets, and challenging the status quo. Their investment philosophy emphasizes hands-on support, deep founder empathy, and a focus on companies that can scale rapidly and disrupt traditional industries. R-Squared Ventures primarily invests in fintech, AI, enterprise/SMB SaaS, ecommerce enablement, and marketplaces, but also explores opportunities in B2C, gaming, and AgTech. By providing not just capital but also strategic guidance and access to a robust network, R-Squared plays a pivotal role in shaping the next generation of startups, helping them navigate the critical seed and Series A phases.

Origin Story

Founded in 2018 by Roy Rubin and Roy Erez, both serial entrepreneurs and former co-founders of Loop Commerce (acquired by PayPal), R-Squared Ventures was born from firsthand experience scaling startups and navigating the challenges of early-stage growth. Rubin’s journey began at UCLA, where he developed a passion for technology and entrepreneurship. After leading Magento’s rapid expansion and eventual sale to eBay, Rubin reflected on the lessons learned—both successes and missteps—about what it takes to build enduring, product-driven organizations. These insights became the foundation for R-Squared Ventures, which shifted from agency work to a focused venture model. The firm’s evolution reflects a commitment to investing in founders who are reimagining how things are done, especially in sectors ripe for disruption.

Core Differentiators

Founder-Centric Approach: R-Squared is led by entrepreneurs who have built and scaled companies, giving them unique insight into the challenges founders face.
Sector Focus: Deep expertise in fintech, AI, SaaS, ecommerce, and marketplaces, with a willingness to back innovative ideas across adjacent verticals.
Network Strength: Strong relationships with top-tier co-investors such as Accel, NFX, Y Combinator, Capital One Ventures, and Microsoft M12, enhancing portfolio companies’ access to capital and strategic partners.
Operating Support: Beyond capital, R-Squared provides hands-on mentorship, operational guidance, and introductions to key industry players.
Track Record: Over 30 investments in the past 18 months, with a focus on companies that are scaling quickly and making meaningful market impact.

Role in the Broader Tech Landscape

R-Squared Ventures is riding the wave of digital transformation, particularly in fintech and SaaS, where legacy systems are being replaced by agile, AI-driven solutions. The timing is critical: as enterprises and SMBs accelerate their digital adoption, startups that can deliver scalable, accessible, and innovative products are in high demand. R-Squared’s focus on enabling commerce, improving enterprise efficiency, and leveraging AI positions its portfolio at the forefront of these trends. Their investments are helping to shape the future of how businesses operate, how consumers interact with digital platforms, and how technology is democratized across industries. By backing founders who are redefining “how things are done,” R-Squared is not just funding startups—it’s fueling the evolution of the tech ecosystem.

Quick Take & Future Outlook

R-Squared Ventures is poised to continue its upward trajectory as the demand for early-stage innovation remains strong. The firm’s deep founder empathy, sector expertise, and robust network will be key assets as it navigates an increasingly competitive landscape. Looking ahead, expect R-Squared to double down on AI-driven solutions, expand into emerging verticals, and further strengthen its role as a go-to partner for ambitious founders. The future of venture is increasingly founder-led, and R-Squared’s origin story—rooted in real-world entrepreneurial experience—positions it to remain a trusted ally for the next wave of disruptors. Just as Rubin’s journey from Magento to R-Squared reflects a commitment to building and backing transformative companies, the firm’s ongoing evolution will continue to shape the startup ecosystem for years to come.

Sources

High-Level Overview

Origin Story

Core Differentiators

Founder-Centric Approach: R-Squared is led by entrepreneurs who have built and scaled companies, giving them unique insight into the challenges founders face.
Sector Focus: Deep expertise in fintech, AI, SaaS, ecommerce, and marketplaces, with a willingness to back innovative ideas across adjacent verticals.
Network Strength: Strong relationships with top-tier co-investors such as Accel, NFX, Y Combinator, Capital One Ventures, and Microsoft M12, enhancing portfolio companies’ access to capital and strategic partners.
Operating Support: Beyond capital, R-Squared provides hands-on mentorship, operational guidance, and introductions to key industry players.
Track Record: Over 30 investments in the past 18 months, with a focus on companies that are scaling quickly and making meaningful market impact.