Ravelin Capital

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2025	Appetronix	$10.0M Seed	—	AlleyCorp, Baukunst, Humba Ventures, Ubiquity Ventures, Village Global
Oct 1, 2025	Base Power	$1.0B Series C	—	8090 Industries, 8VC, Addition, Afore Capital, Altimeter Capital, Andreessen Horowitz, Contrary Capital, CRV, Dragonfly Capital Partners, DST Global, Felicis Ventures, Founders Fund, J2 Ventures, Kleiner Perkins, Kohala Ventures, Lux Capital, M12, Marlinspike, NFX, Open AI Startup Fund, Sequoia Capital, Thrive Capital, Trust Ventures, Verified Capital, Village Global, XYZ Venture Capital, Elad Gil, Eric Futoran, Larry Braitman, Lawrence Braitman, Ron Pragides
Sep 1, 2025	Omnara	$500K Seed	—	Andreessen Horowitz, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conversion Capital, Daffy, Endure Capital, Fifth Wall, Founders Fund, General Catalyst, QED Investors, The Hit Forge, Village Global, Y Combinator, Zak Kukoff
Sep 1, 2025	Meroka	$6.0M Seed	—	Better Tomorrow Ventures, Clocktower Technology Ventures, MAYA Capital, Presight Capital, Claire Diaz-Ortiz, Josh Abramowitz, Karim Atiyeh, Tayo Oviosu
Aug 1, 2025	Eyebot	$20.0M Series A	—	AlleyCorp, Baukunst, Grit Ventures, Humba Ventures, SOSV, Ubiquity Ventures, Village Global
Aug 1, 2025	Pylon	$31.0M Series B	—	Andreessen Horowitz, ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conversion Capital, Conviction Partners, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, FTX Ventures, General Catalyst, Lux Capital, Mubadala, QED Investors, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky, Zak Kukoff
Jul 1, 2025	Hadrian	$110.0M Series C	—	2048 Ventures, Afore Capital, Also Capital, Alumni Ventures, Andreessen Horowitz, Atomic, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, Daft Capital, Felicis Ventures, Floodgate, Founders Fund, Lux Capital, One Way Ventures, Paradox Capital, Picus Capital, Saga, Stash Ventures, Stellar Capital, The Hit Forge, Virginia Venture Partners, Austin Ogilvie, Harry Hurst, Joao Otavio Oliverio, Justin Mateen, Koen Koeppen, Leonardo DiCaprio, Mattia Astori, Rob Meyerson, Sahin Boydas, Sam Altman, Sohila Zadran, Vineet Jain, William Miller
Jul 1, 2025	Rune Technologies	$24.0M Series A	—	Afore Capital, Andreessen Horowitz, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, Floodgate, Founders Fund, Taylor Brandt, Lux Capital, Picus Capital, Saga, Stash Ventures, XYZ Venture Capital, Harry Hurst, Justin Mateen, Koen Koeppen, Rob Meyerson
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, LGF, Lux Capital, Pareto Holdings, Picus 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
Jun 1, 2025	Ramp	$200.0M 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, LGF, Lux Capital, Pareto Holdings, Picus 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
Jun 1, 2025	Klutch.ai	$8.0M Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, BR Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Apr 1, 2025	Divibank	$8.0M Venture Round	—	Better Tomorrow Ventures, Clocktower Technology Ventures, Dynamo Ventures, MAYA Capital, Presight Capital, Alex Anton, Claire Diaz-Ortiz, Jonathan Bradford, Josh Abramowitz, Karim Atiyeh, Tayo Oviosu
Mar 1, 2025	ReFiBuy	$2.0M Seed	—	Commerce Ventures, G20 Ventures, Magma Partners, Shaan's All Access Fund, Tribe Capital, Anthony Pompliano, Paul Rabil, Sam Parr
Feb 1, 2025	Rune Technologies	$6.0M Seed	—	Afore Capital, Andreessen Horowitz, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, Floodgate, Founders Fund, Lux Capital, Picus Capital, Saga, Stash Ventures, Harry Hurst, Justin Mateen, Koen Koeppen, Rob Meyerson
Feb 1, 2025	TaxGPT	$5.0M Seed	—	Andreessen Horowitz, Avalanche VC, Benhamou Global Ventures, Bling Capital, BR Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, LAUNCH, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Runa Capital, SenseAI Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Krishna Mehra, Kyle Vogt, Trent McConaghy
Feb 1, 2025	Saronic	$600.0M Series C	—	8VC, Afore Capital, Andreessen Horowitz, Anorak Ventures, Avalanche VC, Battery Ventures, Bling Capital, BR Capital, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, CVS Health, Kelly Chen, Dunce Capital, Equal Ventures, Floodgate, Founders Fund, General Catalyst, High Alpha, Hyde Park Venture Partners, IVP, Lazerow Ventures, Lightspeed Venture Partners, Lux Capital, Maven 11 Capital, Not Boring Capital, Picus Capital, Pillar VC, Runa Capital, Saga, Spark Capital, Stash Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Esther Dyson, Harry Hurst, Justin Mateen, Koen Koeppen, Kyle Vogt, Nick Sinai, Rob Meyerson, Trent McConaghy, Yoshua Bengio
Jan 1, 2025	WiseLayer	$7.0M Seed	—	Canaan Partners
Jan 1, 2025	Hone Health	$33.0M Series A	—	Alumni Ventures, Autopilot Fund, Builders, DNX Ventures, Elevate Ventures, Fifth Wall, Hawke Ventures, Hustle Fund, Magma Partners, Redbud VC, Shaan's All Access Fund, The General Partnership, Tribe Capital, Vine Ventures LP, Anthony Pompliano, Ben Davenport, Charlie Feng, Nik Sharma, Paul Rabil, Sam Parr
Dec 1, 2024	Refute	$3.0M Seed	—	Craft Ventures, Episode 1 Ventures, Javelin Venture Partners, Playfair Capital, Streamlined Ventures, Samvit Ramadurgam
Oct 1, 2024	LEVY Health	$5.0M Seed	—	8VC, Andreessen Horowitz, CRV, Dragonfly Capital Partners, J2 Ventures, Kohala Ventures, Lux Capital, Picus Capital, Pi Labs, Village Global, VR Ventures, XYZ Venture Capital, Larry Braitman, Lawrence Braitman
Oct 1, 2024	Yuma AI	$5.0M Seed	—	2xN, Andreessen Horowitz, Avalanche VC, Bling Capital, BR Capital, Calm/Storm Ventures, Define Ventures, Dunce Capital, Equal Ventures, Founder Collective, Goat Capital, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Presence Capital, Runa Capital, session vc, Tuesday Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Andy Coravos, Bradley Horowitz, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam, Trent McConaghy
Sep 1, 2024	Raycast	$30.0M Series B	—	Andreessen Horowitz, Atomico, Avalanche VC, Balderton Capital, Bling Capital, BR Capital, Concrete Rose Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Insight Partners, Lazerow Ventures, Maven 11 Capital, Next Play Ventures, Not Boring Capital, Notion Capital, Partech Ventures, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Frederic Kerrest, Kyle Vogt, Nick Caldwell, Trent McConaghy, Guillermo Rauch
Sep 1, 2024	TaxGPT	$500K Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, BR Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Aug 1, 2024	Pylon	$17.0M Series A	—	Andreessen Horowitz, ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conversion Capital, Conviction Partners, Craft Ventures, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, FTX Ventures, General Catalyst, Lainy, Lux Capital, Mubadala, QED Investors, Sarah Smith Fund, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky
Aug 1, 2024	SAGE Geosystems	$45.0M Series A	—	Afore Capital, Andreessen Horowitz, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, Floodgate, Founders Fund, Lux Capital, Picus Capital, Saga, Stash Ventures, Harry Hurst, Justin Mateen, Koen Koeppen, Rob Meyerson

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Ravelin Capital.

Lucas Vaz

General Partner

Leadership Team

Key people at Ravelin Capital.

Lucas Vaz

General Partner

Deep Dive

High-Level Overview

Ravelin Capital is a US-based early-stage venture capital firm focused on investing in software-defined companies operating within critical industries. Their mission centers on backing entrepreneurs who develop transformative technology solutions that address the decay of infrastructure, institutional collapse, and geopolitical challenges. The firm’s investment philosophy emphasizes supporting companies that create meaningful progress by leveraging software to modernize and verticalize traditionally hard industries. Ravelin Capital aims to empower startups that act as catalysts for societal and industrial resilience, positioning technology as a tool for constructive change rather than distraction[1][3][4].

Origin Story

Founded around 2018-2020 (exact founding year not explicitly stated but inferred from the timeline of investments and statements), Ravelin Capital was established by Lucas B. C. Vaz, who serves as Founder and General Partner. The firm’s genesis was inspired by a recognition of the urgent need to address systemic societal and infrastructural challenges through technology. Vaz observed that entrepreneurs tackling these issues with software-driven solutions would not only build valuable companies but also movements that could influence broader progress. Early investments include companies like Apex, Hadrian, Pylon, and Traba, reflecting a focus on critical infrastructure and software innovation[4].

Core Differentiators

Unique Investment Model: Focus on software-defined companies in critical industries, blending technology with traditionally non-tech sectors.
Network Strength: Deep connections with entrepreneurs and companies addressing infrastructure and institutional challenges.
Track Record: Early investments in companies that tackle hard problems in sectors often overlooked by mainstream venture capital.
Operating Support: Hands-on partnership with portfolio companies to help them scale and navigate complex industry challenges.
Philosophical Foundation: Positioning technology as a defensive and progressive force against societal decay, inspired by the metaphor of a “ravelin” (a castle’s defensive structure)[4].

Role in the Broader Tech Landscape

Ravelin Capital rides the trend of *software verticalization*—embedding software deeply into critical, traditionally hardware- or infrastructure-heavy industries. This trend is driven by the urgent need to modernize aging infrastructure and institutions amid geopolitical uncertainty and societal shifts. The timing is crucial as digital transformation accelerates and the demand for resilient, software-enabled solutions grows. By focusing on these sectors, Ravelin influences the ecosystem by channeling capital and expertise into startups that might otherwise struggle to attract attention, thus fostering innovation where it is most needed[4].

Quick Take & Future Outlook

Looking ahead, Ravelin Capital is poised to deepen its impact by continuing to back visionary entrepreneurs who integrate software into critical industries. Trends such as infrastructure modernization, digital resilience, and geopolitical shifts will shape their investment thesis. The firm’s influence may grow as it helps build companies that not only succeed commercially but also contribute to societal stability and progress. Ravelin’s commitment to technology as a force for constructive rebellion suggests a future where their portfolio companies become key players in redefining how essential services and industries operate in a complex world[4].

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Note: There is a separate company named Ravelin (based in London) specializing in fraud detection technology, which is distinct from Ravelin Capital, the US-based venture capital firm focused on critical industries[2].

Sources