Untapped 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)
May 1, 2025	Salmon Labs	$3.0M Seed	—	Bread and Butter Ventures, DeNA, i/o Ventures, Weekend Fund
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, Theory Forge Ventures, Todd and Rahul's Angel Fund, Trammell Venture Partners, Treble Capital, Tribe Capital, Unlock Venture Partners, 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
Sep 1, 2024	Bounti.ai	$16.0M Seed	—	GV, Amjad Masad, Spencer Kimball
Apr 1, 2024	The Folklore Group	$3.0M Seed	—	Benchstrength, fab Ventures, Slauson & Co.
Apr 1, 2024	MokSa.AI	$2.0M Seed	—	2048 Ventures, Array Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund)
Mar 1, 2024	Enzzo	$3.0M Seed	—	DocuSign, Mana Ventures, Maven Ventures, Pioneer Fund, Pioneer Square Labs, SilverCircle, Theory Forge Ventures, Trajectory Ventures, Unlock Venture Partners, Eric Ries, Noah Sidman-Gale
Jan 1, 2024	LightBeam.ai	$18.0M Series A	—	8VC, Asymmetric Capital Partners, Beat Ventures, DocuSign, Pioneer Fund, Theory Forge Ventures, Unlock Venture Partners, Vertex Ventures, Village Global, Y Combinator, Clark Landry, Eric Ries, Gabriel Jarrosson, Gokul Rajaram, Noah Sidman-Gale
Nov 1, 2023	Evvi Aftercare	$200K Seed	—	Hustle Fund, Incisive Ventures, Techstars
Oct 1, 2023	candidate.fyi	$1.0M Seed	—	Jenny Fielding, Scott Hartley, Felicis Ventures, KRM Interests LLC, Obvious Ventures, SparkLabs Global Ventures, SuperAngel.Fund, Yext, Brian Distelburger, Kyle Porter, Luke Sherwin, Neil Parikh, Scot Wingo
Jul 1, 2023	Bluesky	$8.0M Seed	—	Alumni Ventures, Avalanche VC, Blockchain Capital, Jenny Fielding, Scott Hartley, FirstHand Alliance, Greylock, Sangeen Zeb, Initialized Capital, Innovation Endeavors, Y Combinator, Amjad Masad, Bob Young, Jeff Hammerbacher, Spencer Kimball
Jul 1, 2023	Frigade	$3.0M Seed	—	AirAngels, Atomic, CapitalG, Cardumen Capital, Craft Ventures, Davidovs VC, General Catalyst, Greylock, Sangeen Zeb, Kleiner Perkins, Long Journey Ventures, Plaid, Saga, Scale Venture Partners, SRB Ventures, Amjad Masad, Arash Ferdowsi, Daniel Kan, Darius Contractor, Guillermo Rauch, Max Mullen, Spencer Kimball
Jun 1, 2023	Wokelo AI	$2.0M Seed	—	Array Ventures, Band of Angels, Sangeen Zeb, Supply Change Capital, Amjad Masad, Spencer Kimball
May 1, 2023	Character	$2.0M Seed	—	Jenny Fielding, Scott Hartley, HOF Capital, Hustle Fund, Incisive Ventures, Infinite Niches, iNovia Capital, KRM Interests LLC, Scale Venture Partners, SparkLabs Global Ventures, SuperAngel.Fund, Techstars, Y Combinator, Luke Sherwin, Neil Parikh, Sam Altman
May 1, 2023	Cognosys	$2.0M Seed	—	Active Capital, Addition, AIX Ventures, Alt Capital, Bloomberg Beta, C2 Investment, Darren Liccardo, Rouz Jazayeri, Comal Ventures, Jenny Fielding, Scott Hartley, Founders Fund, General Atlantic, Geodesic Capital, Greylock, Erik Nordlander, GV, Kickstart Fund, KRM Interests LLC, Lux Capital, Saga, Spark Capital, SparkLabs Global Ventures, SuperAngel.Fund, The Hit Forge, U&I Ventures, Akshay Kothari, Amjad Masad, Ben Silbermann, Biz Stone, Guillermo Rauch, Luke Sherwin, Neil Parikh, Spencer Kimball
Nov 1, 2022	Pulzaid	$370K Seed	—	DocuSign, Drive Capital, Matchstick Ventures, Pioneer Fund, Greg Bettinelli, Techstars, Theory Forge Ventures, Unlock Venture Partners, Eric Ries, Noah Sidman-Gale
Oct 1, 2022	Augie Studio	$1.0M Seed	—	B Capital Group, DocuSign, DST Global, Floodgate, Founders Fund, GSV Acceleration, Kapor Capital, Lightspeed Venture Partners, NextView Ventures, Pachamama Ventures, Pioneer Fund, Prithvi Ventures, Sequoia Capital, Seven Seven Six, Sound Ventures, Streamlined Ventures, Theory Forge Ventures, True Ventures, Ulu Ventures, Uncork Capital, Unlock Venture Partners, Y Combinator, David Chen, Eric Ries, Noah Sidman-Gale, Sam Altman, Tim Seears
Oct 1, 2022	Mars Materials	$660K Seed	—	Benchstrength, fab Ventures, Slauson & Co.
Jul 1, 2022	Fieldproxy	$750K Seed	—	Baukunst, Bolt, Deciens Capital, DNX Ventures, Jenny Fielding, Scott Hartley, Flex Capital, Flybridge Capital Partners, KRM Interests LLC, MAGIC Fund, Precursor Ventures, Recharge Capital, Reciprocal Ventures, SparkLabs Global Ventures, SuperAngel.Fund, Tet Ventures, Trajectory Ventures, Unusual Ventures, Vera Equity, Charles Delingpole, Luke Sherwin, Mark Ghermezian, Neil Parikh
Apr 1, 2022	The Folklore Group	$2.0M Seed	—	Benchstrength, fab Ventures, Slauson & Co.
Oct 1, 2021	Postmoda	$4.0M Seed	—	Coelius Capital, Jenny Fielding, Scott Hartley, Homebrew, KRM Interests LLC, Long Journey Ventures, MaC Venture Capital, Sand Hill Angels, SparkLabs Global Ventures, SuperAngel.Fund, Harry Hurst, Larry Braitman, Lawrence Braitman, Luke Sherwin, Neil Parikh, Russell Fradin, Russ Fradin, Terry Dougas
Oct 1, 2021	Plum Kitchen	$6.0M Seed	—	Creator Fund, Jenny Fielding, Scott Hartley, Firstminute Capital, KRM Interests LLC, SparkLabs Global Ventures, SuperAngel.Fund, Neil Parikh
Oct 1, 2021	Little Bun	$470K Seed	—	—

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Untapped Capital.

Yohei Nakajima

General Partner

Leadership Team

Key people at Untapped Capital.

Yohei Nakajima

General Partner

Deep Dive

High-Level Overview

Untapped Capital is an early-stage venture capital firm founded in 2020, focused on investing in innovative startups across a broad range of technology sectors. The firm champions *unexpected founders* and emphasizes a generalist investment approach, primarily targeting pre-seed and seed rounds with check sizes ranging from $100K to $500K. Their portfolio spans diverse sectors including consumer products and services, business services, communications and information technology, life sciences and healthcare, and emerging tech areas such as AI, Web3, and climate tech. By supporting early-stage companies, Untapped Capital plays a significant role in nurturing nascent startups and fostering innovation within the U.S. tech ecosystem[1][2][4].

Origin Story

Founded in 2020 by Yohei Nakajima, Untapped Capital emerged with a distinctive “build in public” philosophy, openly sharing prototypes and progress to foster transparency and community engagement. The firm is headquartered in Washington (Bellevue) and led by key partners including Jessica Jackley, Filippo Pedrini, Maggie Curry, and Sergey Plotnikov. Since inception, Untapped Capital has evolved to focus on early-stage investments, leveraging its network and operational expertise to back founders who might be overlooked by traditional venture capital. This approach has helped the firm establish early traction and credibility in the competitive VC landscape[2][3][1].

Core Differentiators

Unique Investment Model: Focus on *unexpected founders* and early-stage startups, with a “build in public” strategy that encourages transparency and community involvement.
Network Strength: Led by experienced partners with strong ties in the tech and startup ecosystem, providing founders with valuable mentorship and connections.
Track Record: Active in pre-seed and seed rounds, writing checks typically between $100K and $500K, supporting a diverse range of sectors.
Operating Support: Beyond capital, the firm offers operational guidance to help startups scale effectively.
Sector Breadth: Investments span from traditional consumer and business services to cutting-edge fields like AI, Web3, climate tech, and deep tech, reflecting a broad yet focused portfolio[1][2][4].

Role in the Broader Tech Landscape

Untapped Capital rides the wave of democratizing venture capital by backing underrepresented and unexpected founders, aligning with broader trends toward inclusivity and transparency in startup funding. The timing is critical as early-stage tech innovation accelerates across multiple domains such as AI, sustainability, and Web3, where traditional investors may be more cautious. By investing early and openly sharing progress, Untapped Capital influences the ecosystem by encouraging openness, collaboration, and diversity, which can lead to more resilient and innovative startup communities[3][4][1].

Quick Take & Future Outlook

Looking ahead, Untapped Capital is well-positioned to capitalize on emerging technology trends and the growing emphasis on founder diversity. Their “build in public” approach may become a more widely adopted model, fostering stronger founder-investor relationships and community engagement. As the startup ecosystem continues to evolve, Untapped Capital’s influence is likely to expand, potentially shaping how early-stage venture capital operates with greater transparency and inclusivity. The firm’s broad sector focus and operational support suggest it will remain a key player in nurturing the next generation of tech innovators[3][4][1].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on *unexpected founders* and early-stage startups, with a “build in public” strategy that encourages transparency and community involvement.
Network Strength: Led by experienced partners with strong ties in the tech and startup ecosystem, providing founders with valuable mentorship and connections.
Track Record: Active in pre-seed and seed rounds, writing checks typically between $100K and $500K, supporting a diverse range of sectors.
Operating Support: Beyond capital, the firm offers operational guidance to help startups scale effectively.
Sector Breadth: Investments span from traditional consumer and business services to cutting-edge fields like AI, Web3, climate tech, and deep tech, reflecting a broad yet focused portfolio[1][2][4].