K9 VENTURES, LLC

Thesis

K9 Ventures is a venture capital firm founded in 2009 and headquartered in Palo Alto, California. It operates as a technology-focused, pre-seed fund, specializing in early-stage investments. The firm aims to be the first institutional capital a company receives, engaging with founders when they are conceptualizing ideas or have secured friends and family funding. K9 Ventures primarily invests in companies at the pre-seed stage, with a preference for those where the founding team is established and beginning product development. Key investment criteria include technical founders with product-building ability, focus on new technology or new markets, a direct revenue model, capital efficiency, and a hyper-local focus on the San Francisco Bay Area founding team. K9 Ventures prefers to lead investment rounds, taking a board seat and actively collaborating with founders. Their initial investment typically ranges from $250,000 to $750,000, with a sweet spot around $400,000. They invest in priced equity rounds and limit new investments to 4-6 companies per year, reserving capital for follow-on investments in Seed, Series A, and Series B rounds. K9 Ventures III, a $42 million fund, closed in August 2017. K9 Ventures II, a $40 million fund, began investing in 2012. The firm's first fund, which started investing in 2009, had $6.25 million under management. The firm emphasizes building relationships and prefers referrals. Their office address is PO Box 901, Palo Alto, California.

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