Seed-stage firm co-founded by Reddit's Garry Tan and Alexis Ohanian (now solo Tan)
VCSeed📍 San Francisco, CAFounded 2012
AUM
$3.2B
as of 2026-Q1
SMALL
Initialized Capital was founded in 2012 and built a strong portfolio that includes Coinbase, Instacart, and Ramp. Co-founder Garry Tan left in 2023 to become President of Y Combinator.
Firm Profile
Firm Type
VC
Subtype
Seed
Founded
2012
HQ
San Francisco, CA
Country
USA
Notable Partners
Garry Tan (left for YC president)Brett GibsonAlda Leu Dennis
Portfolio Companies (48)
Enriched 2026-08-16 · QuantLogix research
RampSiloSeriesOpenAIFlexportRo HealthClipEnterTalosJuneUnitTRM LabsRunwayUnicoPublicFlow (Miami)Badge IncRipplingFlock SafetyGorgiasOLIPOPGreptilePicogridFly.ioEmpowerIT’S PASSIONNOT PEDIGREETHAT MATTERS.Companies tracked: 32Disclosed funding total: $3.4B across 32 companiesMedian disclosed raise: $89MMost recent dated round: 2026-04-0130 companies backed by Initialized CapitalArena. Each links to its full verified cap-table syndicate.- Disclosed funding total: $3.4B across 32 companies267 portfolio companies Venture Capital$6.5B invested397 investmentsInvestor rankHigh Tech& 35 morePortfolio AcquisitionsDeals in last 12 monthsInitialized Capital has a portfolio of 297 companies464 Tehama StreetSan Francisco, CA 94103Total Investments240RoundsInvested
Investment Focus
Stages
Seed
Sectors
Enterprise · Consumer · Crypto · Fintech
VCSeedEarly-Stage Heavy
Investor data reflects publicly disclosed AUM, fund sizes, and portfolio holdings as of 2026-Q1. Refreshed periodically.