Theory Forge Ventures

ActiveVenture Capital

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Updated: Dec 24, 2025 ·

About

Investing in ambitious founders who are changing the world with AI.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	DualEntry	$90.0M Series A	—	Contrary Capital, Energy Impact Partners, Crystal Huang, GV, Khosla Ventures, Lightspeed Venture Partners, RTP Global, Jason Lemkin
Sep 1, 2025	Inversion	$27.0M Seed	—	6th Man Ventures, Adjacent, Day One Ventures, DST Global, Embedded Ventures, Emergence Capital, Aniq Kassam, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Iterative, Kohala Ventures, Lockheed Martin Ventures, Matrix, Otherwise Fund, Paradigm, Spark Capital, Summit Partners, SV Angel, Tribe Capital, Y Combinator, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Tossell, Kulveer Taggar, Kyle Vogt, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Sep 1, 2025	Consio	$3.0M Seed	—	2xN, Alven, Dig Ventures, Lifeline Ventures, RTP Global, Alexander Algard
Jul 1, 2025	ZeroEntropy	$4.0M Seed	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Initialized Capital, Matrix, Otherwise Fund, Pioneer Fund, Runa Capital, Spark Capital, Summit Partners, SV Angel, XFactor Ventures, Y Combinator, Aayush Phumbhra, Azeem Azhar, Ben Tossell, Chris Smoak, Klaus von Sayn-Wittgenstein, Krishna Mehra, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Jun 1, 2025	Harmony (tryharmony.ai)	$2.0M Seed	—	Alt Capital, Browder Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, FTX Ventures, Global Founders Capital, Greenoaks Capital, Matrix, Meritech Capital Partners, Mischief Venture Capital, Otherwise Fund, Redpoint Ventures, Saga, Spark Capital, Summit Partners, SV Angel, TCV, The Hit Forge, Y Combinator, Azeem Azhar, Ben Tossell, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kulveer Taggar, Mathilde Collin, Max Mullen, Parker Conrad, Paul Graham, Paul Stahura, Scott Belsky, Sean Rad, Siqi Chen, Thijn Lamers
Jun 1, 2025	Glean	$150.0M Series F	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, Battery Ventures, BITKRAFT Ventures, CapitalG, Cedar Capital Group, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, FirstMark Capital, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Insight Partners, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Singular, Snowflake Ventures, Spark Capital, Summit Partners, SV Angel, Telescope Partners, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Wellington Management, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
May 1, 2025	Granola	$43.0M Series B	—	20VC, 8VC, Accel, AirAngels, Alumni Ventures, Andreessen Horowitz, Vijaya Gadde, C2 Investment, Coinbase Ventures, Curated, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Haun Ventures, Innovation Endeavors, iNovia Capital, Khosla Ventures, LGF, Lightspeed Venture Partners, Logos Labs, Madrona Ventures, Matrix, NEO, Hans Tung, Notion Capital, Otherwise Fund, Paradigm, Pareto Holdings, Sequoia Capital, Spark Capital, Summit Partners, SV Angel, Thrive Capital, Tribe Capital, Tusk Venture Partners, Valar Ventures, Y Combinator, Akshay Kothari, Azeem Azhar, Ben Silbermann, Ben Tossell, Christian Reber, Dharmesh Shah, Elad Gil, Evan Williams, Georges Harik, James Hong, John Collison, Kulveer Taggar, Marc Benioff, Mario Götze, Mathilde Collin, Max Mullen, Nico Rosberg, Patrick Collison, Paul Graham, Paul Stahura, Ron Pragides, Ryan Sarver, Ryan Tedder, Scott Belsky, Siqi Chen, Stewart Butterfield, Thijn Lamers, Guillermo Rauch
May 1, 2025	David	$75.0M Series A	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Spark Capital, Summit Partners, SV Angel, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Apr 1, 2025	Meadow	$14.0M Series A	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Spark Capital, Summit Partners, SV Angel, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Apr 1, 2025	Fern	$9.0M Series A	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Spark Capital, Summit Partners, SV Angel, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Mar 1, 2025	Browser Use	$17.0M Seed	—	Alumni Ventures, Builders, Day One Ventures, DST Global, Emergence Capital, Aniq Kassam, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Greylock, Matrix, Nexus Venture Partners, Otherwise Fund, Pioneer Fund, Scale Asia Ventures, Shaan's All Access Fund, Soma Capital, Spark Capital, Summit Partners, SV Angel, Y Combinator, Arash Ferdowsi, Azeem Azhar, Ben Tossell, Immad Akhund, Kulveer Taggar, Mathilde Collin, Max Mullen, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Feb 1, 2025	Hyperspell	$1.0M Seed	—	99VC, Autopilot Fund, CapitalX, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Kepler Operator’s Fund, Matrix, Otherwise Fund, Sarona Ventures, Spark Capital, Summit Partners, SV Angel, The Club, Y Combinator, Azeem Azhar, Ben Tossell, D’Arcy Coolican, Dharmesh Shah, Job Van Der Voort, Koen Bok, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Feb 1, 2025	CTGT	$7.0M Seed	—	468 Capital, Ballistic Ventures, Canaan Partners, Correlation Ventures, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, First Round Capital, Flex Capital, Friends & Family Capital, Global Founders Capital, Gradient Ventures, Greenoaks Capital, Matrix, Otherwise Fund, S28 Capital, Spark Capital, Summit Partners, SV Angel, Uncork Capital, Y Combinator, YLEM, Augusto Marietti, Azeem Azhar, Ben Tossell, David Lieb, Kulveer Taggar, Mathilde Collin, Paul Stahura, Siqi Chen, Thijn Lamers
Dec 1, 2024	Basis	$34.0M Series A	—	Gautam Gupta, Kevin Hartz, Accel, AirAngels, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Banter Capital, Better Tomorrow Ventures, Bond, Builders, C2 Investment, Caffeinated Capital, CP Ventures, Day One Ventures, DST Global, DTCP, Emergence Capital, Felicis Ventures, FJ Labs, Flexcap, Flex Capital, Forerunner Ventures, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Humba Ventures, Khosla Ventures, Matrix, Sheila Lirio Marcelo, One Way Ventures, Otherwise Fund, Oyster Ventures, Pareto Holdings, Ribbit Capital, South Park Commons, Spark Capital, Streamlined Ventures, Summit Partners, SV Angel, The Hit Forge, Triatomic Capital, Y Combinator, Aaron Levie, Adam D'Angelo, Alice Lloyd George, Amit Agarwal, Amjad Masad, Arash Ferdowsi, Azeem Azhar, Balaji Srinivasan, Ben Tossell, Claire Hughes Johnson, Frederic Kerrest, Gokul Rajaram, Howie Liu, Kulveer Taggar, Kyle Vogt, Mark Gillespie, Mathilde Collin, Matt Macinnis, Mei Z., Mike Vernal, Nkechi Iregbulem, Paul Graham, Paul Stahura, Rich Miner, Scott Belsky, Siqi Chen, Thijn Lamers, Vipul Ved Prakash, Vishal Rao
Nov 1, 2024	Consio	$770K Seed	—	RTP Global, Jason Lemkin
Nov 1, 2024	Wordware	$30.0M Seed	—	10100, 6th Man Ventures, Acton Capital Partners, Adjacent, Albion VC, Alumni Ventures, Amplify Partners, Angel investor, Atomico, Audrey Capital, Blossom Capital, BlueRun Ventures, Broadway Angels, Chalfen Ventures, Climate Capital, Color Capital, Cool Climate Collective, Craft Ventures, Day One Ventures, Decibel Partners, Divergent Capital, DocuSign, Double Down, DST Global, Embedded Ventures, Emergence Capital, Essence VC, Aniq Kassam, Felicis Ventures, Felix Capital, FirstMark Capital, Flexcap, Flex Capital, Flybridge Capital Partners, Friends & Family Capital, Frontline Ventures, Fusion Fund, Ganas Ventures, General Catalyst, Global Founders Capital, Gradient Ventures, Great Oaks Venture Capital, Greenoaks Capital, Hummingbird Ventures, ICONIQ Capital, Indicator Ventures, Insight Partners, IVP, Kohala Ventures, La Famiglia, Lakestar, Lightspeed Venture Partners, Listen, Lockheed Martin Ventures, Matrix, Menlo Ventures, Meritech Capital Partners, Moxxie Ventures, Jonathan Golden, OpenCapital.vc, Openspace Ventures, Otherwise Fund, Paradigm, Paradox Capital, Partners Resolute, Pioneer Fund, Polymath Capital Partners, Prototype Capital, Radical Ventures, Red Beard Ventures, Runa Capital, Scribble Ventures, Seed Club Ventures, Seven Seven Six, Sherpalo Ventures, Shrug Capital, Spark Capital, Summit Partners, SV Angel, Web Smith, Techstars, The Hit Forge, Todd and Rahul's Angel Fund, Trammell Venture Partners, Treble Capital, Tribe Capital, Unlock Venture Partners, Untapped Capital, Valhalla Ventures, Vibe Capital, Y Combinator, Adam D'Angelo, Alex Pattis, Amjad Masad, Andrew Gazdecki, Andrew Gluck, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Lang, Ben Tossell, Bob Young, Casey Neistat, David Peterson, Dharmesh Shah, Doug Monro, Elad Gil, Eric Ries, Gina Bianchini, Girish Mathrubootham, Gokul Rajaram, Jaime Schmidt, James Isilay, James Meekings, Jean Charles Samuelian, Jeff Hammerbacher, Jen Rubio Butterfield, Julia DeWahl, Kevin Stumpf, Kevin Weil, Kulveer Taggar, Kyle Vogt, Ligaya Tichy, Mark Chou, Mark Pincus, Mathilde Collin, Matt Mickiewicz, Moshe Lifschitz, Nkechi Iregbulem, Noah Sidman-Gale, Paul Graham, Paul Stahura, Peter Hunn, Peter Kazanjy, Ran Makavy, Sahin Boydas, Sam Corcos, Scott Belsky, Sergei Anikin, Sherry Coutu, Siqi Chen, Spencer Kimball, Stephen Cole, Thijn Lamers, Tim Ferriss, Tony Jamous, Vishal Rao, Will Brooks, Will Martin, Yann LeCun, Zachary Sims, Zach Segal
Nov 1, 2024	Wherobots Inc.	$22.0M Series A	—	Andreessen Horowitz, Cedar Capital Group, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Menlo Ventures, Otherwise Fund, Spark Capital, Summit Partners, SV Angel, Wing Venture Capital, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Sahin Boydas, Siqi Chen, Thijn Lamers
Nov 1, 2024	Circleback	$3.0M Seed	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Peak State Ventures, Spark Capital, Summit Partners, SV Angel, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Oliver Jung, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Nov 1, 2024	/dev/agents	$56.0M Seed	—	Adverb Ventures, AirAngels, Jana Messerschmidt, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Index Ventures, Matrix, Otherwise Fund, Signia Venture Partners, Spark Capital, Summit Partners, SV Angel, Y Combinator, Andy Rubin, Azeem Azhar, Ben Tossell, Bradley Horowitz, Fareed Mosavat, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Stewart Butterfield, Thijn Lamers
Sep 1, 2024	Glean	$260.0M Series E	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Spark Capital, Summit Partners, SV Angel, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Aug 1, 2024	Granola	$20.0M Series A	—	8VC, Accel, Vijaya Gadde, C2 Investment, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Innovation Endeavors, Khosla Ventures, Lightspeed Venture Partners, Logos Labs, Matrix, Otherwise Fund, Paradigm, Pareto Holdings, Spark Capital, Summit Partners, SV Angel, Thrive Capital, Y Combinator, Akshay Kothari, Azeem Azhar, Ben Tossell, Dharmesh Shah, Elad Gil, Evan Williams, John Collison, Kulveer Taggar, Mathilde Collin, Max Mullen, Patrick Collison, Paul Graham, Paul Stahura, Scott Belsky, Siqi Chen, Thijn Lamers
Mar 1, 2024	Enzzo	$3.0M Seed	—	DocuSign, Mana Ventures, Maven Ventures, Pioneer Fund, Pioneer Square Labs, SilverCircle, Trajectory Ventures, Unlock Venture Partners, Untapped Capital, Eric Ries, Noah Sidman-Gale
Jan 1, 2024	LightBeam.ai	$18.0M Series A	—	8VC, Asymmetric Capital Partners, Beat Ventures, DocuSign, Pioneer Fund, Unlock Venture Partners, Untapped Capital, Vertex Ventures, Village Global, Y Combinator, Clark Landry, Eric Ries, Gabriel Jarrosson, Gokul Rajaram, Noah Sidman-Gale
Apr 1, 2023	Fern	$500K Seed	—	Andreessen Horowitz, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, NFX, Otherwise Fund, Preface Ventures, Sand Hill Angels, Spark Capital, Summit Partners, SV Angel, Y Combinator, Adam Gross, Azeem Azhar, Ben Tossell, Charles Zedlewski, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Robert Witoff, Siqi Chen, Spencer Kimball, Thijn Lamers
Nov 1, 2022	Pulzaid	$370K Seed	—	DocuSign, Drive Capital, Matchstick Ventures, Pioneer Fund, Greg Bettinelli, Techstars, Unlock Venture Partners, Untapped Capital, Eric Ries, Noah Sidman-Gale

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Theory Forge Ventures.

Ben Parr

Managing Partner

Leadership Team

Key people at Theory Forge Ventures.

Ben Parr

Managing Partner

Deep Dive

Theory Forge Ventures is a Los Angeles-based venture capital firm focused on early-stage investments, primarily in startups leveraging Artificial Intelligence (AI). Their mission centers on backing ambitious AI founders who are innovating and transforming industries through AI technologies. The firm typically invests at the pre-seed and seed stages, deploying checks in the $200,000 to $500,000 range, with a fund size around $10 million. Theory Forge emphasizes supporting founders not only with capital but also with technical expertise, go-to-market strategies, and storytelling skills, aiming to build a collaborative founder community that fosters mutual growth and ecosystem development[1][2][3][4].

Founded by General Partners Ben Parr and Matt Pritzker, Theory Forge Ventures emerged from a desire to break conventional scouting norms by creating a fund dedicated to AI founders backing AI founders. Ben Parr, a former Mashable editor and co-founder of Octane AI, brings deep experience in AI-driven product development and startup resilience. The firm’s origin story reflects a commitment to practical grit and adaptability, inspired by firsthand entrepreneurial experience. Early on, they focused on creating a founder ecosystem through initiatives like Theory Forge founder dinners to encourage collaboration and peer support among portfolio companies[3][4].

Core Differentiators

Unique Investment Model: Focused exclusively on AI startups at the earliest stages, with a hands-on approach to founder support beyond capital.
Network Strength: Leveraging founders’ community-building to foster collaboration and shared growth.
Track Record: Active investing with recent deals such as in Consio, demonstrating ongoing engagement in the AI startup space.
Operating Support: Providing technical, go-to-market, and storytelling assistance to portfolio companies, enhancing their chances of success.

Role in the Broader Tech Landscape

Theory Forge Ventures rides the accelerating trend of AI integration across industries, capitalizing on the surge in AI innovation and adoption. Their timing aligns with a market increasingly receptive to AI-driven solutions, where early-stage AI startups require specialized support to navigate technical and commercial challenges. By focusing on AI founders and fostering a collaborative ecosystem, Theory Forge influences the broader startup landscape by nurturing innovation and accelerating AI’s impact on various sectors.

Quick Take & Future Outlook

Looking ahead, Theory Forge Ventures is poised to deepen its influence as AI continues to reshape technology and business models. The firm’s founder-centric, community-driven approach positions it well to identify and scale breakthrough AI innovations. Trends such as generative AI, AI-driven automation, and personalized digital experiences will likely shape their investment focus. As the AI startup ecosystem matures, Theory Forge’s role as a specialized early-stage investor and ecosystem builder will become increasingly vital, potentially expanding its fund size and portfolio breadth to maintain leadership in this dynamic space.

Sources

Core Differentiators

Unique Investment Model: Focused exclusively on AI startups at the earliest stages, with a hands-on approach to founder support beyond capital.
Network Strength: Leveraging founders’ community-building to foster collaboration and shared growth.
Track Record: Active investing with recent deals such as in Consio, demonstrating ongoing engagement in the AI startup space.
Operating Support: Providing technical, go-to-market, and storytelling assistance to portfolio companies, enhancing their chances of success.