Yellow Ventures

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)
Sep 1, 2025	CUB	$6.0M Series A	—	Guilherme Bonifacio
Feb 1, 2025	Neofin	$6.0M Seed	—	Far Out Ventures, Lupa Capital, MAYA Capital, Norte Ventures, Marcelo Sampaio
Dec 1, 2024	Nexa Finance	$5.0M Seed	—	MAYA Capital, Norte Ventures, Silvio Kozuchowicz, Marcelo Sampaio
Sep 1, 2024	Movêu	$540K Seed	—	Charlie Songhurst
Mar 1, 2024	Zone	$9.0M Seed	—	2xN, Accel, Addition, Cedar Capital Group, DST Global, Endeavor Catalyst, Flourish Ventures, Founder Collective, Global Founders Capital, LocalGlobe, monashees, Northzone, Hans Tung, Owl Ventures, Silence, TLcom Capital, Guilherme Bonifacio
Feb 1, 2024	Daedalus	$21.0M Series A	—	Accel, Addition, Cedar Capital Group, DST Global, Flourish Ventures, Global Founders Capital, Yoav Tzruya, Khosla Ventures, monashees, NGP Capital, Hans Tung, Samsung NEXT Ventures, Silence, Team8, Guilherme Bonifacio, Trevor Blackwell
Jan 1, 2023	Daedalus	$6.0M Seed	—	Accel, Addition, Cedar Capital Group, DST Global, Flourish Ventures, Global Founders Capital, Khosla Ventures, LEA Partners, monashees, Hans Tung, Samsung NEXT Ventures, Silence, Guilherme Bonifacio, Trevor Blackwell
Jun 1, 2022	Lemon Energy	$12.0M Series A	—	Accel, Addition, Cedar Capital Group, DST Global, Flourish Ventures, Global Founders Capital, Kayyak Ventures, monashees, Hans Tung, Silence, Guilherme Bonifacio
Apr 1, 2022	Zubale	$40.0M Series A	—	Accel, Addition, Cedar Capital Group, DST Global, Flourish Ventures, Global Founders Capital, monashees, Notable Capital, Silence, Guilherme Bonifacio, Sergio Furio
Mar 1, 2022	Movêu	$220K Seed	—	Charlie Songhurst
Mar 1, 2022	Bankuish	$5.0M Seed	—	Ataria Ventures, Bold Capital Partners, Foundation Capital, Founders Fund, Quiet Capital, Streamlined Ventures, SV Angel, Thirty Five Ventures, Tiger Global Management, Y Combinator, Ariel Lambrecht, Charlie Songhurst, Ed Baker, Guilherme Bonifacio, Justin Mateen, Louis Beryl, Nicolas Berggruen
Dec 1, 2021	Nowports	$60.0M Series B	—	Avanta Ventures, Adeyemi Ajao, Broadhaven Capital Partners, DST Global, Goodwater Capital, Greenlight Re, monashees, Mouro Capital, Mucker Capital, Sarona Ventures, Softbank Latin America Fund, Tekton Ventures, Tiger Global Management, Xochi Ventures, Y Combinator, Ariel Lambrecht, Guilherme Bonifacio, Justin Mateen, Ricardo Weder, Roger Laughlin Carvallo, Sean Behr
Nov 1, 2021	Smarkets	$820K Venture Round	—	Norte Ventures, WE Ventures, Antonio Avellar, Daniel Orlean, Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Mauricio Feldman
Nov 1, 2021	Mem Protocol	$3.0M Seed	—	8090 Industries, Amplify Partners, Andreessen Horowitz, Cantos Ventures, Fifty Years, Founders Fund, FPV Fund, Helium-3 Ventures, Industry Ventures, Jude Gomila Rolling Fund, Lowercarbon Capital, Lux Capital, Paradigm, Polychain Capital, Refactor Capital, Streamlined Ventures, Todd and Rahul's Angel Fund, Toyota Ventures, UpHonest Capital, Venrock, Jaan Tallinn, Matt Bellamy, Prescott Watson, Sahin Boydas, Samvit Ramadurgam, Siqi Chen, Steve Lee
Nov 1, 2021	Settle	$75.0M Series B	—	20VC, 9Yards Capital, Kevin Hartz, Acequia Capital, Addition, Afore Capital, Andreessen Horowitz, AngelList, Better Tomorrow Ventures, Buckley Ventures, Cedar Capital Group, Force Over Mass Capital, Index Ventures, Kaszek Ventures, Khosla Ventures, Kleiner Perkins, Latitud, monashees, NXTP Ventures, Red Swan Ventures, Ribbit Capital, SciFi VC, Section 32, Assaf Wand, Biz Stone, Carlos Julio Garcia, David Vélez, Karim Atiyeh, Martin Varsavsky, Philippe Teixeira da Mota, Sergio Furio, William Hockey
Oct 1, 2021	Tarken	$4.0M Seed	—	99 Startups, Acequia Capital, Addition, ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Globo Ventures, Latitud, monashees, Hans Tung, Picus Capital, Ribbit Capital, Silence, Torch Capital, Valor Capital Group, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, Assaf Wand, David Vélez, Guilherme Bonifacio, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Pierpaolo Barbieri, Ricardo Weder, Sahin Boydas, Sergio Furio
Oct 1, 2021	Hash	$40.0M Series C	—	Bond, Coatue, Founders Fund, General Catalyst, Kaszek Ventures, Nazca Ventures, Norte Ventures, QED Investors, Tiger Global Management, WE Ventures, Wollef Ventures, Antonio Avellar, Cornelius Boersch, Daniel Orlean, Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Justin Mateen, Manolo Atala, Mauricio Feldman
Oct 1, 2021	Zazos	$2.0M Seed	—	Acequia Capital, Cavalry Ventures, Ribbit Capital, Assaf Wand, Carlos Julio Garcia, David Vélez, Sergio Furio
Oct 1, 2021	Nowports	$8.0M Series A	—	Tiger Global Management, Y Combinator, Ariel Lambrecht, Guilherme Bonifacio
Aug 1, 2021	Driven Education	$3.0M Seed	—	Altair Capital Management, Amadeus Capital Partners, Canary Ventures, EWA Capital, Igah Ventures, Iluminar Ventures, Iporanga Ventures, Latitud, Magma Partners, Norte Ventures, Picus Capital, Remagine Ventures, Sequoia Capital, Sommet AB, TechAviv Founder Partners, Upload Ventures, WE Ventures, Y Combinator, Antonio Avellar, Carlos Julio Garcia, Claire Diaz-Ortiz, Daniel Orlean, Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Javier Diaz Evans, Martin Schrimpff, Mauricio Feldman, Miguel Mc Allister, Oskar Hjertonsson
Jul 1, 2021	Clara	$5.0M Series A	—	20VC, 99 Startups, Acequia Capital, Album VC, ALLVP, Alpha4 ventures, Angel Ventures, Austin Ventures, Banana Capital, Buckley Ventures, Canaan Partners, Coatue, DGF Investimentos, Jenny Fielding, FasterCapital, Firework Ventures, FJ Labs, Forerunner Ventures, Global Founders Capital, Homebrew, Human Capital, Insight Partners, Inspired Capital, Latitud, Magma Partners, Market One Capital, monashees, Next Play Ventures, Northside Ventures, Hans Tung, Notable Capital, Nyca Partners, Picus Capital, Plug & Play Ventures, Presight Capital, R136 Ventures, Race Capital, Ribbit Capital, RRE Ventures, Rumbo Ventures, Semble Ventures, Seven Seven Six, Silence, Social Capital, Techstars, Thomvest Ventures, Torch Capital, Tribe Capital, Tucker Seed Fund LLC, UpHonest Capital, Volpe Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, Assaf Wand, Bradley Horowitz, Carlos Julio Garcia, Chris Eyre, David Vélez, Dimiter Tschawow, Gabriel Hammond, Greg Brockman, José Galló, Josh Elman, Justin Mateen, Karim Atiyeh, Manolo Atala, Mato Peric, Matthew Dellavedova, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sam Altman, Scott Belsky, Sergio Furio, Tony Xu, Tushar Ahluwalia
Jul 1, 2021	Quansa	$4.0M Seed	—	Big Sky Health, Coinbase Ventures, Connect Ventures, Creative Juice, DOMO Invest, ENIAC Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital, Flare Capital Partners, Freestyle Capital, Future Africa, General Catalyst, Kaya Ventures, Luno Expeditions, Norrsken VC, Norte Ventures, Precursor Ventures, QED Investors, Quona Capital, Ravelin Capital, Seven Seven Six, Stellar Capital, Tekton Ventures, The Community Fund, Vera Equity, WE Ventures, Andre Mohamed, Antonio Avellar, Brad Garlinghouse, Charles Delingpole, Daniel Orlean, Eduardo Baer, Eric Hahn, Felipe Ramos Fioravante, Gabriel Pinto, Gabriel Weinberg, Guilherme Bonifacio, Iqram Magdon-Ismail, Israel Salmen, Jason Gardner, Jason Goldberg, Richard Chen, Sergio Furio, Tom Blomfield, Trevor Noah
Jun 1, 2021	Nicslab	$120K Seed	—	Far Out Ventures, Lupa Capital
Jun 1, 2021	Bold	$5.0M Venture Round	—	Accel, Addition, Atman Capital, Broadhaven Capital Partners, Cedar Capital Group, DST Global, Flourish Ventures, Global Founders Capital, monashees, Norte Ventures, Hans Tung, Quona Capital, Silence, Valor Capital Group, Ariel Lambrecht, Guilherme Bonifacio, Justin Mateen
Jun 1, 2021	FightCamp	$90.0M Series B	—	Acequia Capital, BCF Ventures, Ribbit Capital, York IE, Assaf Wand, Carlos Julio Garcia, David Vélez, Sergio Furio

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Yellow Ventures.

Patrick Sigrist

Partner

Leadership Team

Key people at Yellow Ventures.

Patrick Sigrist

Partner

Deep Dive

High-Level Overview

Yellow Ventures is a seed-stage investment firm with a mission to accelerate founder success by combining strategic capital deployment with hands-on advisory support. The firm operates at the intersection of entrepreneurship and venture capital, focusing on early-stage startups that leverage technology to drive industry transformation. Yellow Ventures’ investment philosophy centers on speed, founder empathy, and operational expertise—prioritizing founders who are building scalable, tech-driven businesses. Their core sectors include SaaS, fintech, and other technology-enabled verticals, with a strong emphasis on supporting companies that are poised to disrupt traditional markets. By fostering close relationships with both founders and institutional partners, Yellow Ventures plays a catalytic role in the startup ecosystem, helping early-stage ventures navigate fundraising, compliance, and growth challenges.

Origin Story

Yellow Ventures was founded by Will Cruz, a seasoned investor and entrepreneur with a track record of building and scaling companies. The firm evolved from a collective of operators and investors who shared a common belief: that the best support for founders comes from those who have been in their shoes. In 2022, Mackenzie Cruz joined as a key partner, bringing deep experience in SaaS operations and a passion for early-stage innovation. Under her leadership, Yellow Ventures expanded its reach, managing state-backed investment programs such as InvestSC, Louisiana Growth Fund, and InvestMS. The firm’s evolution reflects a growing demand for agile, founder-centric capital partners who can bridge the gap between entrepreneurial vision and institutional rigor.

Core Differentiators

Founder-First Approach: Yellow Ventures is built by entrepreneurs, for entrepreneurs, ensuring that their support is grounded in real-world startup experience.
Operational Support: Beyond capital, the firm offers hands-on advisory, cap table management, diligence pressure testing, and syndication support to help founders prepare for investor scrutiny and scale efficiently.
Strategic Fund Administration: Yellow Ventures administers funds for institutional clients and state programs, bringing precision and compliance expertise to capital deployment.
Network Strength: The team leverages relationships with angel groups, state economic development agencies, and institutional LPs to create strategic opportunities for portfolio companies.
Speed and Agility: The firm is known for moving quickly, respecting founders’ time, and streamlining the investment process.

Role in the Broader Tech Landscape

Yellow Ventures is riding the wave of decentralization in venture capital, where specialized, operator-led firms are increasingly shaping the early-stage ecosystem. The rise of state-backed investment programs and the growing importance of compliance and governance in startup funding have created a unique niche for firms that can blend operational expertise with strategic capital management. Yellow Ventures is well-positioned to influence how early-stage companies access capital, particularly in regions where traditional VC presence is limited. Their work with state programs also reflects a broader trend of public-private partnerships driving innovation and economic development.

Quick Take & Future Outlook

Looking ahead, Yellow Ventures is likely to deepen its role as a bridge between institutional capital and high-potential startups, especially as more states and organizations seek to stimulate local innovation economies. The firm’s ability to combine operational support with strategic fund management will be a key asset as the venture landscape becomes more complex and competitive. As the demand for agile, founder-centric investors grows, Yellow Ventures is poised to expand its footprint, influence, and impact—continuing to empower the next generation of transformative founders. Their journey reflects a broader shift in venture capital: the rise of firms that are not just funders, but true partners in building the future.

Sources

High-Level Overview

Origin Story

Core Differentiators

Founder-First Approach: Yellow Ventures is built by entrepreneurs, for entrepreneurs, ensuring that their support is grounded in real-world startup experience.
Operational Support: Beyond capital, the firm offers hands-on advisory, cap table management, diligence pressure testing, and syndication support to help founders prepare for investor scrutiny and scale efficiently.
Strategic Fund Administration: Yellow Ventures administers funds for institutional clients and state programs, bringing precision and compliance expertise to capital deployment.
Network Strength: The team leverages relationships with angel groups, state economic development agencies, and institutional LPs to create strategic opportunities for portfolio companies.
Speed and Agility: The firm is known for moving quickly, respecting founders’ time, and streamlining the investment process.