THEORY VENTURES MANAGEMENT, LLC
THEORY VENTURES MANAGEMENT, LLC is a Seed, Series A and Series B fund in the US writing $1M–$25M checks into AI, Enterprise, Fintech, software, data-infrastructure, blockchain and web3.
- Stages
- Seed, Series A, Series B
- Sectors
- AI, Enterprise, Fintech, software, data-infrastructure, blockchain, web3
- Check size
- $1M–$25M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2023
- Assets under management
- $688M
- Website
- theory.ventures
Thesis
Theory Ventures is an early-stage venture capital firm founded in 2023, headquartered in San Francisco, California. The firm focuses on investing in software companies that leverage technology discontinuities to gain competitive advantages, with a particular emphasis on artificial intelligence (AI), software as a service (SaaS), and fintech. Their investment thesis is centered around the 'Decade of Data,' 'AI as the New Platform,' and 'Decentralized Infrastructure as Databases.' They invest in software related to data movement, transformation, analysis, and observability, as well as AI-driven automation and productivity tools. They also see blockchain technologies as a new architecture for modern database systems. Theory Ventures prefers to invest in companies at the Seed and Series A stages, with some capacity for Series B investments, primarily in the United States. They operate with a concentrated portfolio model, aiming for 12-15 core positions per fund, and typically act as a lead investor but also co-invest. The firm has $688 million in AUM, with its second fund closing in November 2024 with $450 million, following an initial fund of $238 million. The typical check size ranges from $1 million to $25 million.
Common questions
Does THEORY VENTURES MANAGEMENT, LLC invest at the Seed stage?
Yes. THEORY VENTURES MANAGEMENT, LLC lists Seed, Series A and Series B among the stages it invests in.
What check size does THEORY VENTURES MANAGEMENT, LLC write?
THEORY VENTURES MANAGEMENT, LLC writes $1M–$25M checks.
Where does THEORY VENTURES MANAGEMENT, LLC invest?
THEORY VENTURES MANAGEMENT, LLC invests in the US.