Twenty Two Ventures

ActiveVenture Capital

Website X

Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Mar 1, 2025	Bindwell	$500K Seed	—	Bain Capital Ventures, Comal Ventures, Kima Ventures, Liquid 2 Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael Ma, Peter Kazanjy
Sep 1, 2024	Toolpath	$10.0M Seed	—	Y Combinator, Shane Neman
Sep 1, 2024	Assembly HOA	$2.0M Seed	—	Fitz Gate Ventures, Founder Collective, NextView Ventures, Pareto Holdings, Pioneer Fund, The Hit Forge, Y Combinator, Arash Ferdowsi, Kulveer Taggar, Kunal Shah, Phillip Pierini
Sep 1, 2024	Cheers	$840K Seed	—	Fitz Gate Ventures, Founder Collective, NextView Ventures, The Hit Forge, Y Combinator, Kulveer Taggar, Nate Matherson
Aug 1, 2024	Ares Industries	$500K Seed	—	FAST — by GETTYLAB, Y Combinator
Apr 1, 2024	Vista Power	$980K Seed	—	Elkstone, FAST — by GETTYLAB, Y Combinator, Carl Bass, Shane Neman
Sep 1, 2023	Legit Security	$40.0M Series B	—	Accel, Bain Capital Ventures, Bessemer Venture Partners, CRV, Cyberstarts VC, Haystack, Lightspeed Venture Partners, NFX, Nine Four Ventures, Openview Venture Partners, Transmedia Capital, Vertex Ventures Israel, Zeev Capital, Ariel Maislos, Assaf Rappaport
Sep 1, 2023	Egress	$500K Seed	—	2048 Ventures, Hack VC, Navitas Capital, Trajectory Ventures, Uncorrelated Ventures, Underscore VC, Y Combinator, Ilya Golubovich, Immad Akhund, Michael Ma
Aug 1, 2023	CG Oncology	$110.0M Series F	—	Foresite Capital, OrbiMed, Y Combinator, Carl Bass
Aug 1, 2023	Pirros	$2.0M Seed	—	Atomico, Bain Capital Ventures, Episode 1 Ventures, Kima Ventures, Liquid 2 Ventures, Lockheed Martin Ventures, QVentures, Y Combinator, Charlie Songhurst, Joe White, Kyle Porter, Mathilde Collin, Michael Ma, Nicolas Berggruen, Peter Kazanjy
Jul 1, 2023	Akkio	$15.0M Series A	—	Bain Capital Ventures, Kima Ventures, Liquid 2 Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael Ma, Peter Kazanjy
May 1, 2023	Here	$35.0M Series D	—	Bain Capital Ventures, CRV, Haystack, Nine Four Ventures, Transmedia Capital
May 1, 2023	HostGPO	$6.0M Venture Round	—	2048 Ventures, 75 & Sunny, Andreessen Horowitz, Bam Ventures, Hack VC, Navitas Capital, Trajectory Ventures, Uncorrelated Ventures, Underscore VC, Y Combinator, Henry Kravis, Ilya Golubovich, Immad Akhund, Michael Ma
Apr 1, 2023	Blumen Systems	$1.0M Seed	—	Bain Capital Ventures, Caffeinated Capital, Cambrian Ventures, CRV, Fin Capital, First Round Capital, First Star Ventures, Flexcap, Haystack, Humba Ventures, NextGen Venture Partners, Nine Four Ventures, Preston-Werner Ventures, PruVen Capital, QED Investors, Transmedia Capital
Jan 1, 2023	Finley Technologies	$17.0M Series A	—	7GC & Co, ACME Capital, All Iron Ventures, Bain Capital Ventures, Bolt, Canvas Ventures, Catapult Capital, Connect Ventures, CRV, Curie.Bio, Double Prime LLP, Earlybird Venture Capital, Element Partners, Fifth Wall, FJ Labs, Haystack, Next Play Ventures, Nine Four Ventures, Passion Capital, PS Investments, Sapphire Ventures, The Fintech Fund, Transmedia Capital, Wilshire Lane Capital, David Marcus, Dileep Thazhmon, Eric Demuth, Eric Wu, Francesco Simoneschi, Marc Benioff, Russell Fradin, Russ Fradin, Shervin Pishevar
Nov 1, 2022	DinMo	$2.0M Seed	—	7GC & Co, Asylum Ventures, Bain Capital Ventures, Chausson Partners, Citi Ventures, Connect Ventures, Felicis Ventures, Felix Capital, Kima Ventures, Liquid 2 Ventures, Motier Ventures, Passion Capital, Redpoint Ventures, #SecretFund, Seedcamp, Summit Partners, Y Combinator, Alexis Bonillo, Charles Gorintin, Jean Charles Samuelian, Jeremy Yap, Jonathan Widawski, Kyle Porter, Mathilde Collin, Matt Carbonara, Michael Ma, Nicolas Brusson, Peter Kazanjy, Romain Niccoli, Ron Pragides, Thibaud Elziere
Aug 1, 2022	AO Labs	$5.0M Seed	—	Lasse Clausen, Bain Capital Ventures, Basis Set Ventures, Curious Capital, Emergence Capital, Expert Dojo, Founder Collective, General Catalyst, Han Hua, GV, Infinity Ventures Crypto, Kima Ventures, Liquid 2 Ventures, Microtraction, Hilarie Koplow-McAdams, Penglan, Polygon, SignalFire, Unicorn Growth Capital, Union Square Ventures, Y Combinator, Ajit Tripathi, Alexander Salnikov, Andrew Steinwold, Balaji Srinivasan, Hubert Thieblot, Kevin Lin, Kyle Porter, Mathilde Collin, Matias Woloski, Michael Ma, Peter Kazanjy, Rahul Sethuram, Thomas Vu
Aug 1, 2022	Novig	$6.0M Seed	—	2048 Ventures, Bain Capital Ventures, BITKRAFT Ventures, Byld Ventures, Kima Ventures, LAUNCH, Liquid 2 Ventures, Pioneer Fund, Pnina International, Sandwith Ventures, SixThirty, Soma Capital, Start Fund, Techstars, Trajectory Ventures, Y Combinator, Chris Smoak, David Lieb, Dominik Richter, Gabriel Jarrosson, Kyle Porter, Marc McCabe, Mathilde Collin, Michael Ma, Niklas Jansen, Paolo Padiernos, Paul Graham, Peter Kazanjy, Philippe Teixeira da Mota, Sam Altman, Stani Kulechov
Jun 1, 2022	Original	$4.0M Seed	—	Bain Capital Ventures, Elaia Partners, Kima Ventures, Liquid 2 Ventures, Partech Ventures, Y Combinator, Kyle Porter, Mathilde Collin, Michael Ma, Peter Kazanjy
Jun 1, 2022	Salesroom	$9.0M Seed	—	2048 Ventures, Asymmetric Capital Partners, Bain Capital Ventures, Craft Ventures, Creandum, Dawn Capital, Dig Ventures, EQT Ventures, foobar.vc, Founders Fund, Frontline Ventures, General Catalyst, Global Ventures, Kima Ventures, Liquid 2 Ventures, LocalGlobe, Look Up Ventures, Olima Ventures, Passion Capital, Point Nine Capital, Seedcamp, Team Ignite Ventures, Terra Venture Partners, Village Global, Y Combinator, Charlie Songhurst, Chris Murphy, Christian Bach, Esther Dyson, Fredrik Björk, Gloria Baeuerlein, Ian Hogarth, Julius Köhler, Kyle Porter, Leonard Picardo, Mathias Biilmann Christensen, Mathilde Collin, Michael Ma, Michael MacCombie, Michael Pennington, Michael Stoppelman, Peter Kazanjy, Portman Wills, Thijn Lamers
May 1, 2022	Revyze	$2.0M Seed	—	AirAngels, Bain Capital Ventures, CRV, Draper Associates, Freestyle Capital, Graph Ventures, Hubrix Ventures, Kima Ventures, Liquid 2 Ventures, LocalGlobe, Logos Labs, Musha Ventures, Not Boring Capital, Anh-Tho Chuong Degroote, Pioneer Fund, Redpoint Ventures, Sequoia Capital, SRB Ventures, Y Combinator, Chris Herd, Ian Hogarth, Kyle Porter, Leore Avidar, Mark Pincus, Mathilde Collin, Michael Ma, Odell Beckham Jr., Peter Kazanjy, Romain Niccoli, Tony Jamous
May 1, 2022	RepVue	$5.0M Seed	—	American Family Ventures, Austin Ventures, Bain Capital Ventures, Founder Collective, Grace Beauty Capital, Kaya Ventures, Kima Ventures, Liquid 2 Ventures, Monarch Collective, Next Coast Ventures, Red Swan Ventures, S3 Ventures, SoftBank Investment Advisers, Springdale Ventures, StartHer, Y Combinator, Brian Cruver, Dave Balter, Ethan Austin, Ian Lopatin, Jiake Liu, Mark Cuban, Mathilde Collin, Michael Ma, Peter Kazanjy, Suhail Doshi, Thomas Vu, Vince Thompson
May 1, 2022	Palette	$6.0M Seed	—	Accel, Alven, Andreessen Horowitz, Anthemis Group, Atomico, Bain Capital Ventures, Ballistic Ventures, Bond, Broadway Angels, Coatue, Cool Climate Collective, Craft Ventures, CRV, Emergence Capital, Essence VC, Felicis Ventures, Flex Capital, Flybridge Capital Partners, Founders Fund, Ganas Ventures, Greylock, Karim Faris, Haystack, Hyde Park Venture Partners, Kima Ventures, Liquid 2 Ventures, LocalGlobe, Luv Ventures, Mango Capital, Aaron Jacobson, Nine Four Ventures, Norwest Venture Partners, Otherwise Fund, Polymath Capital Partners, Prototype Capital, Red Beard Ventures, RTP Global, Sarona Ventures, Scribble Ventures, Seedcamp, Seed Club Ventures, Silicon Valley Connect, Tech Square Ventures, TMV, Transmedia Capital, True Ventures, Ulu Ventures, Underscore VC, Vibe Capital, Y Combinator, Alex Pattis, Andrew Gazdecki, Arash Ferdowsi, Armando Mann, Ben Lang, Ben Tossell, Casey Neistat, David Peterson, Dheeraj Pandey, Elad Gil, George Hu, Gina Bianchini, Helen Liang, Henry Kravis, Jon Hallett, Julia DeWahl, Mathilde Collin, Nkechi Iregbulem, Raphael Vullierme, Ron Pragides, Sahin Boydas, Sam Corcos, Shishir Mehrotra, Zachary Sims
Apr 1, 2022	Mesh	$11.0M Series A	—	2.12 Angels, A Capital, Afore Capital, Alkeon Capital, AngelList, Anthemis Group, BoxOne Ventures, Buckley Ventures, CapitalX, Matt Ocko, Dreamers VC, Earl Grey Capital, Elkstone, Endeavor Venture Funds, FirstHand Alliance, General Catalyst, Goat Capital, Greycroft, GSV Ventures, LAUNCH, Lightspeed Venture Partners, Maven Ventures, No Label Ventures, Paradigm, Pareto Holdings, Pario Ventures, Rajan Anandan, Peak XV Partners (formerly Sequoia Capital India & SEA), RTP Global, Runa Capital, Shaan's All Access Fund, SNR, Streamlined Ventures, SV Angel, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Aaron King, Aaron Rankin (Sprout Social), Adam Michalski, Adrian Aoun, Alex Sok, Ali Moiz, Alison Engel, Arash Ferdowsi, Ashish Toshniwal, Bill Tai, Chris Fanini, Daniel Kan, Emmett Shear, Girish Mathrubootham, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Jason Hunt, Jay Jamison, Kunal Shah, Kyle Vogt, Michael Ma, Mike Giampapa, Mikhail Seregine, Munish Varma, Oleg Rogynskyy, Ronny Conway, Sahin Boydas, Sumon Sadhu, Ted Serbinski, Vikas Gupta, Viral Bajaria, Vishal Rao
Jan 1, 2022	Walnut	$35.0M Series B	—	2.12 Angels, A Capital, AfterWork Ventures, Avalanche VC, Cadenza Capital Management, Canvas Ventures, Castle Island Ventures, Cyberstarts VC, Eight Roads Ventures, Felicis Ventures, IDG Ventures, Meritech Capital Partners, NFX, Pareto Holdings, Alexander Rosen, Sanofi Ventures, SV Angel, The Hit Forge, Webtalk Ltd, Y Combinator, Adrian Aoun, Alex Sok, Ameet Patel, Ariel Maislos, Bradley Horowitz, Frederic Kerrest, Jeremy Stoppelman, Kevin Stumpf, Michael Ma, Michael Stoppelman, Ronny Conway, Ron Pragides, Scott Belsky, Sumon Sadhu, Tushar Garg, Yuval Weisglass

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Twenty Two Ventures.

Katey Caldwell

Managing Partner

Leadership Team

Key people at Twenty Two Ventures.

Katey Caldwell

Managing Partner

Deep Dive

High-Level Overview

Twenty Two Ventures is an early-stage venture capital firm focused on backing ambitious founders who are building transformative companies in sectors such as SaaS, fintech, open source, marketplaces, and developer tools. The firm’s mission centers on identifying and supporting startups at the earliest stages—often before public launch—enabling founders to move quickly and focus on product development. With a philosophy of making small, fast investment checks, Twenty Two Ventures differentiates itself by prioritizing speed and founder-friendly execution, helping startups avoid lengthy fundraising cycles. Their approach has positioned them as a go-to partner for founders seeking agile, hands-on support in the competitive startup ecosystem.

Origin Story

Founded in 2017 by Katherine Caldwell, Twenty Two Ventures emerged from a vision to empower founders at the earliest stages of company building. Caldwell, a seasoned operator and investor, recognized a gap in the venture landscape for nimble, founder-centric capital that could move quickly and provide meaningful support without bureaucracy. The firm is headquartered in San Francisco and has since built a reputation for backing companies before they gain mainstream traction. Over the years, Twenty Two Ventures has evolved its focus to emphasize sectors where innovation is accelerating—SaaS, fintech, open source, and developer tools—while maintaining a commitment to backing magnetic, adaptable founders with bold ideas.

Core Differentiators

Early-Stage Focus: Invests in companies before public launch, often at the pre-seed or seed stage.
Small, Fast Checks: Typical check sizes range from $0 to $500K, enabling rapid decision-making and efficient execution.
Founder-Centric Approach: Prioritizes speed and founder experience, minimizing fundraising friction.
Sector Expertise: Deep knowledge in SaaS, fintech, open source, marketplaces, and developer tools.
Network & Support: Leverages industry expertise and connections to accelerate portfolio company growth.
Track Record: Over 85 investments since inception, including notable companies like Airbyte, BuildBuddy, Whatnot, and PostHog.

Role in the Broader Tech Landscape

Twenty Two Ventures is riding the wave of democratized startup creation, where founders can build and scale companies faster than ever thanks to open-source tools, cloud infrastructure, and digital marketplaces. Their focus on early-stage, pre-launch companies aligns with the trend of rapid product iteration and founder-led innovation. By supporting founders at the earliest stages, Twenty Two Ventures helps shape the next generation of tech companies, influencing how startups access capital and scale in a competitive global market. Their emphasis on SaaS, fintech, and developer tools positions them at the heart of key technological shifts, from automation to decentralized finance and beyond.

Quick Take & Future Outlook

Looking ahead, Twenty Two Ventures is well-positioned to continue shaping the early-stage startup ecosystem, especially as the demand for agile, founder-friendly capital grows. The firm’s ability to move quickly and back bold ideas will remain a key advantage as new technologies and business models emerge. As the lines between sectors blur and innovation accelerates, Twenty Two Ventures is likely to expand its influence, helping founders turn big ideas into industry-defining companies. Their story is a testament to the power of early belief in founders—and a reminder that the next big thing often starts before anyone else is paying attention.

Sources

High-Level Overview

Origin Story

Core Differentiators

Early-Stage Focus: Invests in companies before public launch, often at the pre-seed or seed stage.
Small, Fast Checks: Typical check sizes range from $0 to $500K, enabling rapid decision-making and efficient execution.
Founder-Centric Approach: Prioritizes speed and founder experience, minimizing fundraising friction.
Sector Expertise: Deep knowledge in SaaS, fintech, open source, marketplaces, and developer tools.
Network & Support: Leverages industry expertise and connections to accelerate portfolio company growth.
Track Record: Over 85 investments since inception, including notable companies like Airbyte, BuildBuddy, Whatnot, and PostHog.