Initialized Capital is a venture capital firm headquartered in San Francisco, California that was founded in 2011 by Garry Tan and Alexis Ohanian. The firm specializes in investing in high-potential software start-ups. The firm believes every industry will be remade by software engineers with the purpose of making goods and services better, cheaper, and faster. It invests at the seed stage, has $36 billion in market value, and has raised more than $446 million in funding (as of July 23, 2019).
The firm invests in companies that have products which are significantly better than products on the current market and can prove with specific data points that they have already created successful products. Initialized capital also seeks start-ups with clear plans for the first 18-24 months after receiving their investments. Upon accepting a company into its portfolio, Initialized Capital states that it aids start-ups in areas such as technical hiring, user acquisition, media, press launches, and product design.
Initialized Capital utilizes customer relationship management software that was built by co-founder Garry Tan to gain insights into the potential of a start-up. Those companies that could be backed by the firm are then logged and voted on by Initialized Capital's nine investors. The vote is done digitally and blindly in an attempt to avoid bias.
The firm is significantly progressive with inclusion and diversity within the company, with female investors accounting for 40% of the team (the industry average is 10%). Furthermore, one of the co-founders is vocal about companies in the United States being mandated to offer Paid Family Leave and encourages companies in Initialized Capital's portfolio to offer that benefit.
According to Crunchbase data (in July 2019), Initialized Capital has made a total of 116 investments, 35 lead investments, and had 6 exits (Cruise, PlanGrid, eero, Kimono Labs, Framed Data, and Mast data.
The following table contains information related to investment funds raised by Initialized Capital:
Initialized Capital Fund I
February 7, 2012
Initialized Capital Fund IV
October 2, 2018
August 1, 2013
July 7, 2017
Initialized Superclass Iss
June 24, 2019
Initialized Capital announces their Initialized Superclass Iss fund with $50 million in funding.
Initialized Capital announces their Initialized Capital Fund IV with $225 million in funding.
Initialized Capital announces their Initialized III fund with $125 million in funding.
Initialized Capital announces their Initialized II fund with $39.2 million in funding.
Initialized Capital completes their Initialized Capital Fund I with $7 million in funding.
Founding of Initialized Capital
Initialized Capital was founded in 2011 by Garry Tan and Alexis Ohanian
Associated investment funds
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Alda Leu Dennis
Danni Metz Shuval
COO and Design partner
Chief of Staff
Head of EA
At Initialized Capital, Odd Couple Alexis Ohanian And Garry Tan Look To Do VC Differently
July 9, 2018
Initialized Capital Closes $115M Third Fund
October 24, 2016
Initialized Capital raises $115 million for its third fund
October 25, 2016
Introducing Initialized Capital | Hacker News
Ohanian's Initialized raises $225M 4th fund to turn founders into cyborgs
October 2, 2018
Reddit Co-Founder Alexis Ohanian Steps Aside, Focuses on Initialized Capital
Steven Rosenbush and Steven Norton
February 7, 2018
Reddit founder Alexis Ohanian has $225 million in fresh funding to back health and elder tech startups
October 2, 2018
Venture Capital, Initialized Capital to Raise $100M Third Fund
June 10, 2016
YC Partners Taggar, Tan And Reddit Co-Founder Ohanian Raise $39M For Initialized Capital
August 1, 2013
Documentaries, videos and podcasts
Alexis Ohanian on the open internet, "hustle porn", and paternity leave for all
November 14, 2018
CoinBundle Conversations with Brett Gibson from Initialized Capital
September 28, 2018
Design for Startups -- Garry Tan (Co-founder + Managing Partner, Initialized Capital)
March 5, 2019
E08 - Ending The Crypto Winter with Garry Tan and Brett Gibson of Initialized Capital
November 1, 2018
E744: Kim-Mai Cutler of Initialized Capital & TechCrunch on affordable housing crisis in SF Bay Area
July 7, 2017
E866 Future of Early-Stage: Garry Tan, Initialized; Hunter Walk, Homebrew; Andrea Zurek, XG Ventures
October 19, 2018
Early-Stage VCs Are Set To Deliver Outstanding Returns - Garry Tan, Initialized Capital
October 5, 2016
FOUNDING, FUNDING AND FATHERHOOD WITH ALEXIS OHANIAN
July 26, 2018
FundersClub Live Q&A with Garry Tan of Initialized Capital
January 24, 2017
Reddit and Initialized Capital Co-Founder Alexis Ohanian (Extended Cut)
May 2, 2018
Smart Offices: Initialized Capital
September 21, 2017
TIA Tokyo 2018: Founder's Fireside with Alexis Ohanian of Intialized Capital
November 4, 2018
What I wish a VC had told me
November 16, 2018
Red Planet Labs
7 Cups of Tea
- Y CombinatorY Combinator (also known as YC) is a US based seed accelerator, which was started in March 2005.
- Garry TanAn entrepreneur, designer, investor, and software engineer. He is the co-founder and managing partner of In initialized Capital, and a former partner of Y Combinator.
- Alexis OhanianAmerican businessman and co-founder of Reddit
- Reddit is an online platform for social news. It allows communities to submit links, create contents and discuss any topic of their interest.