Seven Seven Six

Seven Seven Six (776) is a software-enabled venture capital firm founded in 2020 by Alexis Ohanian. Katelin Holloway is a founding partner and Lissie Garvin is the founding chief of staff of Seven Seven Six.

Cryptocurrency startups account for approximately 40 percent of the firm's deals as of February 2022, and the firm expects the majority will be in crypto by the end of 2022. More than half of the second fund’s backers are women, and some of their profits will fund programs supporting underserved communities as part of the firm's commitment to diversity and inclusion.

The firm attracts new finance and compliance managers through the Operators in Residence program, in which operators work with the firm for one year. Additionally, the firm has committed to investing in the leader, not just the company, and created the Seven Seven Six Growth & Caregiving Program. The program commits 1 percent on top of every check the firm writes (based on first check at pre-seed and seed stage investments) to non-dilutive capital earmarked for “founder personal growth” and an additional 1 percent to “caregiving.”

In June 2021, Seven Seven Six announced it had raised $150 million for its first fund. In November 2021, the firm announced a $100 million investment in Solana to build social media projects on the Solana blockchain. On February 1, 2022, Seven Seven Six announced a second fund of $510 million, bringing their total assets under management to about $750 million with a total of thirty-eight portfolio companies.