Rackhouse Venture Capital

RVC is an early stage venture capital fund that backs data founders, regardless of sector or geography.

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)
Sep 1, 2025	Mamedica	$6.0M Seed	—	Alt Capital, Better Tomorrow Ventures, Casa Verde Capital, Fuel Capital, Insight Partners, Sequoia Capital, Leah Busque, Sam Altman
Sep 1, 2025	Arvist	$4.0M Seed	—	proChain Ventures, Daren Cotter
Sep 1, 2025	Prelude	$16.0M Venture Round	—	Alt Capital, Better Tomorrow Ventures, Casa Verde Capital, Fuel Capital, Insight Partners, Sequoia Capital, Leah Busque, Sam Altman
Jun 1, 2024	Coldcart	$7.0M Seed	—	Collide Capital, Lightship Capital, Pioneer Fund, proChain Ventures
Nov 1, 2023	Prelude	$5.0M Seed	—	1984 Ventures, 2.12 Angels, Accel, BITKRAFT Ventures, Casa Verde Capital, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, K2 Global, Sound Ventures, Thomas Pentz, Tribe Capital, XFactor Ventures, Ahmir Khalib Thompson, Gee Roberson, Gwyneth Paltrow, James Corden, Kevin Colas, Marc Benioff, Paul George, Ryan Tedder, Steve Aoki
Nov 1, 2023	Syrup Tech	$18.0M Series A	—	1984 Ventures, 2.12 Angels, Accel, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, Kevin Colas
Oct 1, 2023	Humata	$4.0M Seed	—	1984 Ventures, 2.12 Angels, Accel, Breakthrough Energy Ventures, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, M13, Microsoft, Square Peg Capital, Kevin Colas
Jul 1, 2023	Quench.ai	$5.0M Seed	—	1984 Ventures, 2.12 Angels, Accel, Axeleo Capital, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, Motier Ventures, Pareto Holdings, Stride VC, Kevin Colas
May 1, 2023	SapientAI	$5.0M Seed	—	8VC, Preface Ventures, Stage Venture Partners, Tribe Capital
Nov 1, 2022	Kyte	$60.0M Series B	—	1984 Ventures, 2.12 Angels, Accel, Clear Ventures, DN Capital, Engineering Capital, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, Pareto Holdings, Unpopular Ventures, Harel Kodesh, Jonathan Wasserstrum, Kevin Colas
Sep 1, 2022	TruckSmarter	$25.0M Series B	—	01 Advisors, Andreessen Horowitz, Bain Capital Ventures, Binary Capital, Canary Ventures, Creandum, Founders Fund, LGF, Scott Sandell, NewView Capital, Picus Capital, Race Capital, Tiger Global Management, Trifecta Growth Equity, Aaron Levie, Bill Tai, Brian Barnes, Carlos Julio Garcia, Kulpreet Singh, Michael Stoppelman, Nico Barawid, Zachary Sims
Sep 1, 2022	Naya Homes	$6.0M Seed	—	1984 Ventures, 2.12 Angels, Accel, Andreessen Horowitz, BBG Ventures, Carao Ventures, Clocktower Technology Ventures, Cometa, Derive Ventures, FinTech Collective, Firstminute Capital, Flybridge Capital Partners, Gradient Ventures, Helium-3 Ventures, INVX, K50 Ventures, monashees, Primary Venture Partners, Tiger Global Management, Wayra Hispam, Kevin Colas, Michael Ma, Pedro Arnt, Richard Branson
Jul 1, 2022	Syrup Tech	$6.0M Seed	—	1984 Ventures, 2.12 Angels, Accel, Anorak Ventures, Firstminute Capital, Flybridge Capital Partners, Flying Fish Partners, Gradient Ventures, Index Ventures, Left Lane Capital, Lockheed Martin Ventures, Operator Partners, Redpoint Ventures, Space Capital, Spark Capital, Supercharge.vc, The Engine, True Ventures, Y Combinator, Claire Novorol, Dylan Taylor, Jacques Fu, Jason Katzer, Jett McCandless, Kenny Van Zant, Kevin Colas, Tom Foster-Carter, Victoria van Lennep, Yvonne Wassenaar
Mar 1, 2022	Fishtail	$5.0M Seed	—	Plug & Play Ventures, Wave Capital, David Wolfson, Mark Cuban, Sam Nazarian
Nov 1, 2021	Reltio	$120.0M Series E	—	Alt Capital, Army Venture Capital Corp., Brighton Park Capital, Crosslink Capital, For Good Ventures, Next Play Ventures, Spero Ventures, Turtle Ventures, Vista Venture Partners, Bob Lee, Curtis Chambers, Jacob Chapman, Khaled Helioui, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
Nov 1, 2021	Sauce	$3.0M Seed	—	Alt Capital, Army Venture Capital Corp., Crosslink Capital, For Good Ventures, Next Play Ventures, Spero Ventures, Turtle Ventures, Vista Venture Partners, Wave Capital, Bob Lee, Curtis Chambers, David Wolfson, Jacob Chapman, Khaled Helioui, Michael Staton, Sameer Bhalla, Sam Nazarian, Scott Belsky, Sean Behr
Oct 1, 2021	Kyte	$30.0M Series A	—	1984 Ventures, 2.12 Angels, Accel, Amplo, Atomico, Clear Ventures, DN Capital, DST Global, Engineering Capital, Felix Capital, Firstminute Capital, Flybridge Capital Partners, General Catalyst, Giza Polish Ventures, Gradient Ventures, Heartcore Capital, Kinnevik, Pareto Holdings, Spark Capital, Unpopular Ventures, Aryeh Mergi, Fritz Demopoulos, Gillian Tans, Harel Kodesh, Jonathan Wasserstrum, Kevin Colas
Sep 1, 2021	Dispense	$2.0M Seed	—	01 Ventures, Evolution VC Partners, Foundation Capital, Great Oaks Venture Capital, Gutbrain Ventures, Harrison Metal, Moving Capital, NextView Ventures, Poseidon Asset Management, Precursor Ventures, Social Capital, XYZ Venture Capital, Adrian Aoun, Anthony Pompliano, Curtis Chambers, Hovhannes Avoyan, Jeff Seibert, Jett McCandless, John Abele
Sep 1, 2021	Seven Starling	$3.0M Seed	—	Adapt Ventures, Alt Capital, Alumni Ventures, Army Venture Capital Corp., Authentic Ventures, BoxGroup, Browder Capital, Capital Factory, CapitalX, Crosslink Capital, Fifth Wall, For Good Ventures, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, Magnify Ventures, Next Play Ventures, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Pear VC, Predictive VC, Redpoint Ventures, Rethink Impact, Spero Ventures, SRB Ventures, Thirty Five Ventures, Turtle Ventures, Uncork Capital, Vista Venture Partners, Adam Guild, Bob Lee, Cory Levy, Curtis Chambers, Jacob Chapman, Khaled Helioui, Michael Staton, Priyank Chandra, Quinn Slack, Rich Miner, Sameer Bhalla, Scott Belsky, Scot Wingo, Sean Behr
Jul 1, 2021	Properly	$35.0M Series B	—	10100 fund, 75 & Sunny, Accel, Addition, AlleyCorp, Ardent Venture Partners, Bain Capital Ventures, Balderton Capital, Battery Ventures, Blossom Capital, Canvas Ventures, Cherubic Ventures, Citi Ventures, Expa, Felix Capital, Female Founders Fund, Footwork, Foundation Capital, General Catalyst, Gradient Ventures, Great Oaks Venture Capital, Harrison Metal, Hiro Capital, January Ventures, Jared Hecht, Moving Capital, NextView Ventures, NFX, Norwest Venture Partners, Nyca Partners, Oak HC/FT, Precursor Ventures, QED Investors, Social Capital, SoftBank Investment Advisers, Sound Ventures, Speedinvest, Starting Line, SV Angel, XYZ Venture Capital, Aaron Levie, Adrian Aoun, Al Goldstein, Anthony Pompliano, Bart Swanson, Cristóbal Conde, Curtis Chambers, Dylan Field, Eddie Hartman, Gokul Rajaram, James Sherwin-Smith, Jenna Hannon, Jett McCandless, Kevin Lin, Saturnin Pugnet, Scott Belsky, Steve Chen, Vivek Patel
Jun 1, 2021	Daylight	$5.0M Seed	—	Alt Capital, Collab Capital, Foundation Capital, Great Oaks Venture Capital, Harrison Metal, Initialized Capital, Kapor Capital, Maveron, Moving Capital, NextView Ventures, Obvious Ventures, Pareto Holdings, Precursor Ventures, Sequoia Capital, Social Capital, TechSquare Labs, Ulu Ventures, Unshackled Ventures, Vista Venture Partners, WorkLife Ventures, XYZ Venture Capital, Y Combinator, Yes VC, Adrian Aoun, Anthony Pompliano, Bangaly Kaba, Baron Davis, Curtis Chambers, Halle Tecco, Jett McCandless, John Henry, Justin Rosenstein, Kevin Lee, Nick Caldwell
Jun 1, 2021	Guild	$150.0M Series E	—	75 & Sunny, Kevin Hartz, Bessemer Venture Partners, CapitalG, Cowboy Ventures, Dream Machine, Flexsteel Industries Inc., Flybridge Capital Partners, Foundation Capital, General Catalyst, Great Oaks Venture Capital, Harrison Metal, Immeasurable, Index Ventures, Inspired Capital, Moving Capital, NextView Ventures, Hans Tung, Precursor Ventures, Scribble Ventures, Sequoia Capital, Social Capital, Upside Partnership, XYZ Venture Capital, Adrian Aoun, Anthony Pompliano, Curtis Chambers, Jett McCandless, Jonathan Shipman, Julia Hartz, Kevin Lin, Ron Pragides
Jun 1, 2021	TestGorilla	$10.0M Seed	—	Accel, AirAngels, Alt Capital, AngelList Syndicator, Army Venture Capital Corp., Atomico, Benchmark, Blisce, Concrete Rose Capital, Crosslink Capital, Feenix Ventures, Felix Capital, Flybridge Capital Partners, For Good Ventures, Ganas Ventures, Christian Miele, Lakestar, MaC Venture Capital, Next Play Ventures, Notion Capital, Partech Ventures, Possible Ventures, Seven Seven Six, Spero Ventures, The Community Fund, Turtle Ventures, Vayner RSE, Vista Venture Partners, Andy Chung, Bob Lee, Curtis Chambers, Emmanuel Seuge, Jacob Chapman, Jim Schneider, Khaled Helioui, Mato Peric, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
Jun 1, 2021	InSpace	$6.0M Seed	—	01 Ventures, 8090 Industries, 8VC, Chapter One Ventures, Craft Ventures, Creandum, Entrée Capital Ventures, Eunoia Capital Partners, Fika Ventures, Flucas Ventures, Foundation Capital, General Catalyst, Great Oaks Venture Capital, Gutbrain Ventures, Harrison Metal, Lakestar, LGF, MaC Venture Capital, Moving Capital, Next47, NextView Ventures, Northzone, Oak HC/FT, Precursor Ventures, Revolution, Roosh Ventures, Seven Seven Six, Social Capital, Sound Ventures, Streamlined Ventures, Target Global, The Hit Forge, Thirdbase Capital, Tribe Capital, Weekend Fund, WorkLife Ventures, XYZ Venture Capital, Adrian Aoun, Anthony Pompliano, Ash Rust, Austin Ogilvie, Bradley Horowitz, Curtis Chambers, Frank Freund, Ilya Kondrashov, Jeff Morris, Jeff Seibert, Jett McCandless, Jim Pallotta, John Abele, Jon Runyan, Marc Benioff, Michael Ma, Michael Stephan, Peter Ackerson, Ryan Chan, Sahin Boydas, Shervin Pishevar, Sung ho Choi, Sylwester Janik, Valentin Gui, Wayne Chang
May 1, 2021	Denim	$10.0M Series A	—	Anthemis Group, Autotech Ventures, BIP Capital, Cantos Ventures, Crosslink Capital, Foundation Capital, Great Oaks Venture Capital, Harrison Metal, Innovation Works, Ischyros New York, mExpand Family Office, Moving Capital, NextView Ventures, Plug & Play Ventures, Precursor Ventures, Ribbit Capital, Scribble Ventures, Social Capital, The House Fund, TMV, Two Sigma Ventures, Vouch Insurance, XYZ Venture Capital, Adrian Aoun, Anthony Pompliano, Curtis Chambers, Marco A. Casas, Richard Cooperstein, Ron Pragides, Samir Kumar, Ted Serbinski, Tony Jamous

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Rackhouse Venture Capital.

Kevin Novak

Managing Partner

Leadership Team

Key people at Rackhouse Venture Capital.

Kevin Novak

Managing Partner

Deep Dive

Rackhouse Venture Capital (RVC) is an early-stage venture capital firm that specializes in backing *data-driven founders* across all sectors and geographies, with a strong focus on companies at the intersection of AI/ML and real-world applications. Their mission is to support founders who use data and AI to solve critical operational challenges, particularly those that improve efficiency in behind-the-scenes workflows such as compliance, logistics, and product development. RVC’s investment philosophy centers on partnering deeply with founders to help them navigate pivotal moments, emphasizing long-term viability over hype. The firm has a global reach and a portfolio that includes companies like Fathom Video (AI notetaking), Arvist (warehouse automation), and Guilde (code generation), demonstrating growth momentum through successful exits and milestone achievements[1][2][4].

Founded in 2019 by Kevin Novak, a data science veteran and former Uber Head of Data Science, RVC has evolved from a general AI/ML focus to a highly specialized fund that prioritizes operational AI solutions with measurable impact. Key partners include Brendan Baker, who brings extensive venture and operational experience, and David Gorcey, an expert in enterprise partnerships and go-to-market strategies. The firm’s origin story is rooted in Novak’s background in data science and his vision to back founders solving real-world problems with AI, avoiding the hype cycle common in tech investing. Early traction includes a $45 million second fund close in 2024 and the notable $2.4 billion exit of portfolio company Windsurf to Google in 2025[1][3][5].

Core Differentiators

Unique Investment Model: Focuses exclusively on AI/ML and data founders solving real-world operational problems, avoiding hype-driven startups.
Collaborative Partnership: Deep operational support including hiring, sales, analytics, and customer acquisition, with a hands-on approach during critical founder decisions.
Network Strength: Access to industry experts and a team with prior operating experience, enabling rapid problem-solving and founder empowerment.
Track Record: Successful exits (e.g., Windsurf) and a growing portfolio of companies delivering applied AI solutions in compliance, logistics, and product workflows.
Transparency and Accountability: Annual audits and open communication with LPs, uncommon for early-stage funds of their size[1][3][5].

Role in the Broader Tech Landscape

RVC rides the accelerating trend of *applied AI* that integrates machine learning into mission-critical workflows rather than consumer-facing hype products. The timing is crucial as enterprises increasingly demand AI solutions that improve efficiency, compliance, and operational scale. Market forces such as the explosion of data, advances in AI infrastructure, and the need for automation in complex industries favor RVC’s thesis. By focusing on overlooked but essential pain points, RVC influences the ecosystem by validating and scaling startups that build the backbone of AI-driven enterprise transformation[1][3][4].

Quick Take & Future Outlook

Looking ahead, Rackhouse Venture Capital is poised to deepen its specialization in AI/ML infrastructure and operational workflows, leveraging its strong founder relationships and domain expertise. Trends like AI adoption in regulated industries, supply chain automation, and AI-powered compliance will shape their investment focus. Their influence is likely to grow as they continue to back foundational AI companies that enable efficiency at scale, potentially leading to more high-profile exits and expanded global reach. RVC’s commitment to founder-friendly, transparent, and collaborative investing positions it well to remain a key player in the evolving AI venture capital landscape[1][3][4].

Sources

Core Differentiators

Unique Investment Model: Focuses exclusively on AI/ML and data founders solving real-world operational problems, avoiding hype-driven startups.
Collaborative Partnership: Deep operational support including hiring, sales, analytics, and customer acquisition, with a hands-on approach during critical founder decisions.
Network Strength: Access to industry experts and a team with prior operating experience, enabling rapid problem-solving and founder empowerment.
Track Record: Successful exits (e.g., Windsurf) and a growing portfolio of companies delivering applied AI solutions in compliance, logistics, and product workflows.
Transparency and Accountability: Annual audits and open communication with LPs, uncommon for early-stage funds of their size[1][3][5].