Vinyl Capital

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Aug 1, 2025	Drivepoint	$9.0M Series A	—	Peterson Ventures
Sep 1, 2024	Two Boxes	$5.0M Series A	—	Flexcap, Founder Collective, M13, Peterson Ventures, Revolution Growth, Ben Jabbawy, Nik Sharma
Jun 1, 2024	Pika	$80.0M Series B	—	Amplify Partners, Array Ventures, Blockchain.com Ventures, Bloomberg Beta, Bombas, C2 Investment, Conviction Partners, Curious Capital, Factor Capital, Felicis Ventures, Greylock, Human Ventures, Infinite Capital, Innovation Endeavors, Lightspeed Venture Partners, Matrix, One Way Ventures, PJC, Predictive VC, Radical Ventures, Red Swan Ventures, Round One Capital, Swift Ventures, Y Combinator, Amjad Masad, Arash Ferdowsi, Bobby Goodlatte, Claire Diaz-Ortiz, Dave Balter, Diane Hessan, Gabriel Jarrosson, George Burke, Joe Caruso, Jonathan Wegener, Karim Atiyeh, Lisha Li, Paul Sawaya, Ron Pragides, Sahil Lavingia, Sahin Boydas, Scott Belsky, Siqi Chen, Steve Schlafman, Yann LeCun
Jun 1, 2024	WTF Gyms and Technology	$500K Seed	—	Angel Invest, V3 Ventures, Kunal Shah, Prashant Malik
Nov 1, 2023	Pika	$35.0M Series A	—	Amplify Partners, Angel investor, Bombas, Curious Capital, Felicis Ventures, One Way Ventures, Pfizer Venture Investments, PJC, Radical Ventures, Round One Capital, Balaji Srinivasan, Claire Diaz-Ortiz, Dave Balter, Diane Hessan, Joe Caruso, Paul Sawaya, Steve Schlafman, Yann LeCun
Aug 1, 2023	Rondo Energy	$60.0M Series B	—	2150, 8VC, Amazon Climate Pledge Fund, ArcTern Ventures, Baidu Ventures, BMW i Ventures, Breakthrough Energy Ventures, ClimacticVC, Congruent Ventures, Energy Impact Partners, Andrew Wheeler, Hitachi Ventures, Jungle Ventures, Kleiner Perkins, LaunchPad, Microsoft, Openspace Ventures, Planeteer Capital, Prelude Ventures, Rainfall Ventures, Salesforce Ventures, Samsung Ventures, Sequoia Capital, The Community Fund, The Westly Group, Wellington Management, Ramez Naam, Ryan Wyatt, Yoav Lurie
Aug 1, 2023	Grapevine	$2.0M Seed	—	Ardent Venture Partners, Bombas, Curious Capital, Hyper, One Way Ventures, Operator Collective, PJC, Round One Capital, Shaan's All Access Fund, SRB Ventures, Stripe, Allen Gannett, Claire Diaz-Ortiz, Dave Balter, Diane Hessan, Jeff Seibert, Joe Caruso, Jon Hallett, Julian Shapiro, Paul Sawaya, Sam Parr, Steve Schlafman, Wayne Chang
Apr 1, 2023	Gardens	$31.0M Series A	—	Alumni Ventures, Andreessen Horowitz, Cleveland Avenue, Kleiner Perkins, Lightspeed Venture Partners, Rainfall Ventures, The Community Fund, Transcend Fund, Eden Chen, Nate Mitchell, Ryan Wyatt, Anshu Sharma, Assaf Rappaport, Claire Hughes Johnson, Cyberstarts VC, George Kurtz, Oren Yunger, SLC Angels, Tuesday Capital
Mar 1, 2023	Two Boxes	$5.0M Seed	—	Flexcap, Founder Collective, Revolution Growth
Feb 1, 2023	Frond	$3.0M Seed	—	10100, Kevin Hartz, Adams Street Partners, AirAngels, Alt Capital, Amazon Alexa Fund, Astanor Ventures, Bain Capital, Basecase Capital, Bedrock Capital, C2 Investment, CapitalX, Chemistry VC, Convective Capital, Craft Ventures, Daffy, Eclipse Ventures, Emergent Ventures, Engineering Capital, Firstminute Capital, Foundamental, General Catalyst, Graduate Entrepreneur, Innovation Endeavors, JLL Spark, Kepler Operator’s Fund, La Famiglia, Lainy, M13, NextView Ventures, Notion Capital, Olima Ventures, Preston-Werner Ventures, Rainfall Ventures, Ravelin Capital, REMUS Capital, Sequoia Capital, Shrug Capital, Soma Capital, Speedinvest, Starship Ventures, Vibe Capital, Y Combinator, Adam Wiggins, Allison Pickens (Allison Pickens Ventures), Andrew Bialecki, Andy Leaver, Anil Dharni, Arash Ferdowsi, Bobby Lo, Bradley Horowitz, Bryce Hall, Chad Nitschke, Charlie Songhurst, Christian Faes, Christian Vollmann, Dan Siroker, Darius Contractor, Dave Balter, Dharmesh Shah, Drew Houston, Dylan Field, Evan Moore, Frédéric Mazzella, Gordon Wintrob, Griffin Johnson, Hanno Renner, Humberto Ayres Pereira, Immad Akhund, James Beshara, Jeff Seibert, Jonathan Wasserstrum, Jonathan Widawski, Julian Shapiro, Karl Jacob, Khaled Helioui, Kyle Vogt, Liu Jiang, Louis Beryl, Mario Götze, Max Mullen, Michael Stoppelman, Moshe Lifschitz, Nicolas Brusson, Rich Miner, Sam Altman, Sara Lannin, Scott Belsky, Siqi Chen, Steven Kamali, Tom Williams, Wayne Chang, Zach Segal
Sep 1, 2022	Landeed	$4.0M Seed	—	Flexcap, Founder Collective, Revolution Growth
Aug 1, 2022	Drivepoint	$4.0M Seed	—	Peterson Ventures
Aug 1, 2022	Swapt	$1.0M Seed	—	Dave Balter
Aug 1, 2022	Landeed	$2.0M Seed	—	Flexcap, Founder Collective, Revolution Growth, Third Prime, Tegan Kline
Aug 1, 2022	Pace	$5.0M Seed	—	AlleyCorp, Andreessen Horowitz, Bond, Bullpen Capital, G20 Ventures, NFX, Operator Collective, Preface Ventures, Renegade Partners, Sand Hill Angels, SignalFire, WndrCo LLC, Work-Bench, Charles Zedlewski, Nkechi Iregbulem, Robert Witoff, Spencer Kimball
Jul 1, 2022	Gordian Software	$25.0M Series A	—	ENIAC Ventures, Fine Day Ventures
Jun 1, 2022	Auxilius	$10.0M Series A	—	AlleyCorp, Alt Capital, Bullpen Capital, C2 Investment, Electric Capital, Founders Fund, G20 Ventures, Khosla Ventures, MKT1 Capital, Plaid, Renegade Partners, Ribbit Capital, Scalar Capital, Susa Ventures, Work-Bench, XYZ Venture Capital, Derrick Li, Matt Macinnis, Michael Ma, Parker Conrad
May 1, 2022	FanTiger	$5.0M Seed	—	Accel, Angel Invest, Greenoaks Capital, Multicoin Capital, Carmen Chang, Paradigm, V3 Ventures, Andrew Robb, Kunal Shah, Maria Raga
Apr 1, 2022	Packfleet	$10.0M Seed	—	Creandum, Earlybird Venture Capital, Felix Capital, Flexcap, Founder Collective, General Catalyst, Revolution Growth, Scale Asia Ventures, SMOK Ventures, Y Combinator, Bartek Pucek, Chris Murphy, Christian Bach, Freddy Macnamara, Gideon Valkin, Heini Zachariassen, Jonas Huckestein, Mathias Biilmann Christensen, Tom Blomfield
Mar 1, 2022	Flume Health	$30.0M Series A	—	2xN, Founder Collective, LocalGlobe, Owl Ventures, TLcom Capital, Andrew Bialecki, Dave Balter
Mar 1, 2022	Xeno	$2.0M Seed	—	AlleyCorp, Angel Invest, Astir Ventures, Bullpen Capital, ENIAC Ventures, G20 Ventures, Multicoin Capital, QueensBridge Venture Partners, Renegade Partners, Techstars, V3 Ventures, Work-Bench
Nov 1, 2021	CompStak	$50.0M Series C	—	Canaan Partners, Flexcap, Founder Collective, General Catalyst, Revolution Growth
Oct 1, 2021	Slope.io	$20.0M Series A	—	Applied Ventures, Cantos Ventures, Data Tech Fund, ENIAC Ventures, Fine Day Ventures, Flagship Ventures, GFT Ventures, Helpful Capital, Kickstart Fund, Lightspeed Venture Partners, LvlUp Ventures, Paul Walker, New Enterprise Associates, Osney Capital, Quake Capital, Rabo Ventures, Venrock, XSeed Capital
Aug 1, 2021	Nuvemshop	$500.0M Series E	—	AAF Management Ltd., Acadian Ventures, Accel, Andreessen Horowitz, Avenir, Bedrock Capital, Bling Capital, BoxGroup, Cambrian Ventures, Canary Ventures, Connect Ventures, Conversion Capital, Emergence Capital, General Atlantic, Globo Ventures, Graph Ventures, Greenoaks Capital, H.I.G. Capital, Highland Capital Partners, Indeed.com, Index Ventures, Initialized Capital, Insight Partners, Kaszek Ventures, Kearny Jackson, Khosla Ventures, Latitud, Mindset Ventures, monashees, Hans Tung, Pioneer Fund, Ribbit Capital, Salesforce Ventures, Slack Fund, SNR, Summit Partners, SV Latam Fund, The Community Fund, TY, Ulu Ventures, Valutia, David Cancel, Eric Nadalin, Garrett Koehn, Gokul Rajaram, Justin Mateen, Marcelo Sampaio, Mauricio Feldman, Paulo Silveira, Rafael Abreu, Romain Lapeyre, Sam Altman
Aug 1, 2021	Givz	$3.0M Seed	—	9Yards Capital, Kevin Hartz, Addition, Adverb Ventures, Bessemer Venture Partners, ENIAC Ventures, Euclid Ventures, Fine Day Ventures, Flybridge Capital Partners, Golden Ventures, Lowercarbon Capital, Jeff Richards, Unusual Ventures, Jeff Seibert, Julia Hartz, Mark Cuban, Matt Mazzeo, Tom Williams, Wayne Chang

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Vinyl Capital.

Leadership Team

Key people at Vinyl Capital.

Deep Dive

High-Level Overview

Vinyl Capital is an early-stage venture capital firm specializing in commerce infrastructure and enablement, investing in the foundational systems that power commerce transactions rather than consumer-facing brands. Their portfolio spans marketing and finance automation, supply chain management, payment and financing solutions, warehouse automation, and more. Vinyl Capital’s mission is to back companies building the critical infrastructure that enables efficient, scalable commerce ecosystems, serving primarily B2B startups that support retailers and brands. This focus positions them as a key enabler in the startup ecosystem by fueling innovation in commerce technology and infrastructure[2][5].

Origin Story

Founded by Thomas John Mahony and partners in Boston, Massachusetts, Vinyl Capital emerged with a vision to invest in the underlying systems that facilitate commerce rather than the end consumer products. The firm’s name and inspiration trace back to the first secure online purchase in 1994—a Sting album on vinyl—symbolizing the enduring and foundational nature of infrastructure in commerce. Their approach evolved alongside the digital transformation of commerce, focusing on early-stage companies that build the backbone of modern commerce infrastructure[2][4][5].

Core Differentiators

Specialized Investment Focus: Vinyl Capital exclusively invests in commerce infrastructure, avoiding physical consumer brands, which sharpens their expertise and network in this niche[2].
Strong Founder Alignment: The firm’s founders have entrepreneurial backgrounds, fostering deep empathy and practical support for portfolio founders[2].
Reputation and Network: Recognized as one of the most connected and savvy investors in commerce tech, Vinyl is highly regarded by co-investors and founders alike[2].
Operational Support: Beyond capital, Vinyl provides hands-on support, leveraging their experience and network to accelerate portfolio company growth[2].
Selective Portfolio: With around 16 investments, including notable companies like Two Boxes and Blue Onion, Vinyl focuses on high-potential startups in commerce enablement[3].

Role in the Broader Tech Landscape

Vinyl Capital rides the wave of digital transformation in commerce, where infrastructure solutions are critical to scaling e-commerce and retail operations efficiently. The timing is favorable due to increasing demand for automation, transparency, and integration in supply chains, payments, and customer engagement systems. By backing infrastructure startups, Vinyl influences the broader ecosystem by enabling retailers and brands to operate more effectively and innovate faster, thus shaping the future of commerce technology[2][5].

Quick Take & Future Outlook

Looking ahead, Vinyl Capital is poised to deepen its influence as commerce infrastructure becomes increasingly complex and essential. Trends such as AI-driven personalization, automation in logistics, and embedded finance will likely shape their investment focus. Their continued support for early-stage commerce infrastructure startups suggests they will remain a pivotal player in enabling the next generation of commerce innovation, reinforcing their foundational role much like the vinyl record symbolizes enduring quality and depth in music[2][5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Specialized Investment Focus: Vinyl Capital exclusively invests in commerce infrastructure, avoiding physical consumer brands, which sharpens their expertise and network in this niche[2].
Strong Founder Alignment: The firm’s founders have entrepreneurial backgrounds, fostering deep empathy and practical support for portfolio founders[2].
Reputation and Network: Recognized as one of the most connected and savvy investors in commerce tech, Vinyl is highly regarded by co-investors and founders alike[2].
Operational Support: Beyond capital, Vinyl provides hands-on support, leveraging their experience and network to accelerate portfolio company growth[2].
Selective Portfolio: With around 16 investments, including notable companies like Two Boxes and Blue Onion, Vinyl focuses on high-potential startups in commerce enablement[3].