2048 Ventures
About 2048 Ventures
Third-party profiles date the firm to 2018 and place it in New York. Crunchbase names Alex Iskold and Paul Sethi as founders. Iskold is listed as founder and partner and previously served as a managing director at Techstars New York. Zann Ali, formerly an investment partner at Dorm Room Fund, is listed as a partner. The firm says it has backed more than 200 startups, while one tracker counts 124 investments. Fund I was reported at $27M in 2019, Fund II at $67M in 2022, and Fund III at $82M, closed in January 2026.
The firm calls itself a thesis-driven, earliest-stage investor that backs founders building new technology. Investor directories tag its portfolio under AI and deep tech. Two examples: Adaptis Technologies, which applies AI to reduce the carbon footprint of buildings, and Century Health, which uses AI to speed up drug development. Public sources do not say which partners lead its AI deals specifically.
Public descriptions say the firm leads pre-seed and seed rounds in technology startups, mainly in the US and Canada. Check sizes are not published. Aggregator sites show round-size figures, such as a median round of $12.4M for pre-seed to Series A deals, but these describe whole rounds, not the firm's own checks.
- Adaptis Technologies: AI-powered platform for optimizing the carbon footprint of buildings; round not public.
- Century Health: uses AI to accelerate drug development; Seed round of $5M in May 2026 on the Lounge deals desk.
Investing activity
2048 Ventures has made 154 investments according to Crunchbase across 106 portfolio companies, and has led 103 rounds and seen 6 exits.
2048 Ventures appears in 3 AI deals tracked by the AI Lounge deals desk, rounds totalling $21M, and led 1 of them. The rounds are mostly Seed, with a median round size of $5M and the largest at $21M. The most recent are Aslan Protects (Seed, $20.8M, Sep 2026), Rely (Seed, $4.5M, May 2026) and Century Health (Seed, $5M, May 2026).
2048 Ventures most often invests alongside Alumni Ventures, XYZ Venture Capital, Khosla Ventures and Liquid 2 Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about 2048 Ventures
Does 2048 Ventures invest in AI startups?
Yes. Investor directories tag the firm under AI and deep tech, and its portfolio includes AI-driven companies such as Adaptis Technologies and Century Health.
What stages does 2048 Ventures invest in?
The firm primarily leads pre-seed and seed rounds in technology startups. It does not publish check sizes.
How large is 2048 Ventures' latest fund?
One investor profile reports that Fund III closed at $82M in January 2026, after earlier funds of $27M (2019) and $67M (2022).
Where is 2048 Ventures based?
The firm is headquartered in New York, NY.
Who are the partners at 2048 Ventures?
Public profiles list Alex Iskold as founder and partner and Zann Ali as partner. Crunchbase also names Paul Sethi as a founder.
What AI companies has 2048 Ventures invested in?
2048 Ventures's AI investments include Aslan Protects, Rely and Century Health. The 3 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
What stage does 2048 Ventures invest at?
In the rounds tracked on AI Lounge, 2048 Ventures has invested at Seed, with a median round of $5M. 2048 Ventures led 1 of those rounds.
Who does 2048 Ventures co-invest with?
2048 Ventures's most frequent co-investors on AI Lounge are Alumni Ventures (2 deals), XYZ Venture Capital (1 deal), Khosla Ventures (1 deal), Liquid 2 Ventures (1 deal) and BoxGroup (1 deal).
How can founders reach 2048 Ventures?
Founders on AI Lounge can see 2048 Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add 2048 Ventures to their Investor Pipeline to track the conversation.