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Jennifer Fonstad is the Founder and Managing Partner of Owl Capital Group, an early-stage venture capital firm based in Silicon Valley, California. Prior to launching Owl Capital in 2019, she co-founded Aspect Ventures, where she successfully raised a $150 million debut fund in 2015 and a $181 million second fund in 2018. She previously spent 17 years as a Managing Director and Partner at Draper Fisher Jurvetson, backing prominent technology companies that achieved public offerings and acquisitions, including Athenahealth, Box, and Trulia. Fonstad began her corporate career as a consultant at Bain & Company and holds an MBA with Distinction from Harvard Business School, alongside a bachelor's degree from Georgetown University. Her current investment focus centers on early-stage enterprise software, cybersecurity, and digital health startups, building upon a two-decade track record of institutional technology investing.
Jennifer Fonstad, Managing Partner at Owl Capital, is a highly respected figure in the venture capital landscape, known for her keen eye for transformative technology and her commitment to fostering innovation. As a co-founder of Owl Capital, she brings a wealth of experience and a proven track record of identifying and scaling successful early-stage companies.
At Owl Capital, Fonstad leads investments in groundbreaking technology companies, with a particular emphasis on enterprise software, Software-as-a-Service (SaaS), fintech, the future of work, artificial intelligence and machine learning (AI/ML), developer tools, cybersecurity, and marketplaces. Her investment philosophy centers on backing visionary founders who are building solutions that address critical market needs and have the potential for significant long-term impact. She is deeply involved in supporting her portfolio companies, offering strategic guidance and leveraging her extensive network to accelerate their growth.
Fonstad's journey in venture capital is marked by pioneering roles and significant achievements. Prior to co-founding Owl Capital, she was a co-founder and Managing Partner at Aspect Ventures, a firm that quickly established itself as a leader in early-stage investing before its acquisition by Cathay Innovation. Before Aspect Ventures, Fonstad spent 17 years as a Managing Director at the renowned venture capital firm Draper Fisher Jurvetson (DFJ). During her tenure at DFJ, she played a pivotal role in numerous successful investments, solidifying her reputation as a top-tier investor. Her career began with foundational experiences at Bain & Company, Apple, and Brio Technology, providing her with a deep understanding of technology operations and market dynamics from both an operational and strategic perspective. She holds a BSFS from Georgetown University and an MBA from Harvard Business School.
Throughout her career, Jennifer Fonstad has been instrumental in backing many companies that have gone on to achieve significant success. While specific investments at Owl Capital are continually emerging, her extensive portfolio from her time at Aspect Ventures and DFJ includes notable names such as TheRealReal, ForeScout, Trulia, Athenahealth, SugarCRM, Imperva, Chime, Exabeam, Gusto, Hinge Health, and Pendo. These investments highlight her consistent ability to identify market-leading companies across various technology sectors and her commitment to supporting their journey from inception to market leadership. Fonstad is also a a vocal advocate for diversity in venture capital and technology, actively working to support underrepresented founders and investors. Her strategic insights and dedication to innovation continue to shape the future of technology investing.
Jennifer Fonstad primarily invests in early-stage technology companies. Her focus areas include enterprise software, Software-as-a-Service (SaaS), fintech, the future of work, artificial intelligence and machine learning (AI/ML), developer tools, cybersecurity, and marketplaces.
Jennifer Fonstad works as a Managing Partner at Owl Capital, a venture capital firm she co-founded.
