Afore Capital is a San Francisco-based venture capital firm that invests in the earliest stages of funding for start-ups. It states that its focus is on leading rounds that have between $500,000 and $1.5 million in funding. It invests in industries such as software as a service, the business to business marketplace, internet service providers, autonomous vehicles, financial technology, and more. Its first institutional fund was closed in 2017.
The firm states that it seeks to fill the gap between the funding that early-stage start-ups need and what the venture capital market is looking to invest. It invests in pre-seed stage companies so that those companies can build and test prototypes of their product ideas. The firm's investments are also meant to go towards making network connections, funding the first hires for the start-up, and creating the initial market strategy. Afore Capital tends to make between seven and ten investments per year alongside angel investors for start-up companies.