
UP2398
UP2398 invests in seed-stage startups.
Financial History
Leadership Team
Key people at UP2398.
Frequently Asked Questions
Who founded UP2398?
UP2398 was founded in 2015 by Alex Poon (Co-founder and General Partner).

UP2398 invests in seed-stage startups.
Key people at UP2398.
UP2398 was founded in 2015 by Alex Poon (Co-founder and General Partner).
UP2398 was founded in 2015 by Alex Poon (Co-founder and General Partner).
UP2398 is a venture capital firm specializing in seed-stage investments with a focus on sectors such as information technology, media and digital media, software, and internet services. Their mission centers on identifying and nurturing innovative startups with high growth potential, providing strategic guidance and leveraging a strong network to help founders scale. By concentrating on early-stage companies primarily in the United States, especially within the Silicon Valley ecosystem, UP2398 plays a critical role in fueling technological disruption and innovation in these key sectors[1][2].
Founded in 2015 by Pierre Omidyar, Randy Ching, and Alex Poon, UP2398 emerged with a clear focus on seed-stage startups. The founders brought diverse backgrounds and expertise, aiming to support startups at their most critical early phases. Over time, the firm has evolved to lead significant funding rounds, such as Rad AI’s $60 million Series C in early 2025, demonstrating its growing influence and commitment to backing promising ventures[1][2].
UP2398 rides the wave of rapid technological innovation in IT, software, and digital media, sectors experiencing accelerated transformation due to advances in AI, machine learning, and internet services. The timing is critical as many startups require early capital and expertise to navigate complex markets and scale efficiently. By focusing on seed-stage investments, UP2398 influences the broader ecosystem by enabling disruptive technologies to emerge and mature, thus shaping future market leaders and driving innovation cycles[1][4].
Looking ahead, UP2398 is poised to continue expanding its portfolio in emerging tech sectors, potentially increasing its influence as these startups mature into market leaders. Trends such as AI integration, blockchain, and SaaS innovation will likely shape their investment focus. Their role as an early-stage investor with strong operational support positions them well to capitalize on the evolving startup landscape and maintain a pivotal role in fostering next-generation technology companies[1][2]. This forward momentum ties back to their founding mission of empowering innovative startups at the seed stage to achieve significant growth and impact.
Key people at UP2398.