Craft Ventures
About Craft Ventures
Craft Ventures invests from seed to growth in software and AI companies, including Supabase.
Craft Ventures was founded in 2017 by David Sacks and Bill Lee. Sacks was previously COO at PayPal and founder of Yammer. Lee was previously at Remarq and Big Fish Games. Press at the time reported that the first fund was targeted at $350 million. Third-party reporting says the firm closed $1.32 billion across Craft Ventures IV and Growth II in November 2023. Craft's own site has not confirmed that figure. The portfolio page names partners and investors by company, including Jeff Fluhr, Bryan Rosenblatt, Brian Murray, Lainy Painter, Michael Robinson, Kindle Van Linge, Dan Moor and Kevin Gabura. Craft announced on X in June 2026 that Kyle Parrish had joined the firm. Craft has no separate AI team. AI deals are led by the same partners who cover enterprise software, security and other sectors.
Craft describes itself as a B2B technology investor. Its AI portfolio is mostly applied AI and AI-related infrastructure sold to businesses. Examples on its portfolio page include Replit (invested 2023), OpenEvidence (2025), Glean, Norm Ai, Horizon3.ai, Crew AI and Cartwheel. Craft also backs AI-adjacent security companies such as Upwind. It has taken part in rounds at ElevenLabs and at 8090 Solutions, whose $135 million Series A was led by Salesforce Ventures. In the Norm AI $120 million Series C, Craft was a participant and Khosla Ventures led. On the Lounge deals desk, the HYFIX Spatial Intelligence seed round is marked as led. The same desk lists Ent.AI ($100M seed), Noetive ($41M seed), Samepage ($4.8M seed) and Arceus Legal ($17M venture round).
Craft invests from pre-seed through growth. Its portfolio page labels positions as angel, seed, Series A, Series C and growth, and some are marked as led or co-led. Craft does not publish a check size range. Third-party directories give conflicting estimates, from $500K to $10M on one and $50K to $50M on another. Treat these as unverified. Tracxn reports an average round size of about $6.3M for Craft's seed deals and $16.8M for its Series A deals. Those are total round sizes, not Craft's own checks.
- Replit: browser-based coding environment with AI agents that build and deploy apps; Craft invested in 2023.
- OpenEvidence: AI medical search engine for clinicians; Craft invested in 2025.
- Glean: AI work assistant and enterprise search.
- Norm AI: legal engineering platform using AI agents for regulatory compliance; $120M Series C in July 2026, led by Khosla Ventures.
- Horizon3.ai: autonomous penetration testing platform.
- Upwind Security: cloud security platform; $300M round in September 2026 per the Lounge deals desk.
- Supabase: open-source backend platform; Series F of $500M in July 2026 per the Lounge deals desk.
- Anduril: autonomous hardware and AI software for military use.
- en.wikipedia.org/wiki/Craft_Ventures
- craftventures.com/portfolio
- f4.fund/firms/craft-ventures
- tracxn.com/d/venture-capital/craft-ventures/**zG-jTjgPJv**47yhWZzsDFo5
- vcsheet.com/fund/craft-ventures
- x.com/craft_ventures
- twitter.com/craft_ventures?lang=en-GB
- crunchbase.com/hub/craft-ventures-portfolio-companies
Investing activity
Craft Ventures appears in 11 AI deals tracked by the AI Lounge deals desk, rounds totalling $1.92B, and led 1 of them. The rounds are mostly Seed, Series C and Growth, with a median round size of $100M and the largest at $500M. The most recent are Upwind Security (Series C, $400M, Oct 2026), ASI (Series C, $325M, Oct 2026) and Arceus Legal (Venture, $17M, Oct 2026).
Craft Ventures most often invests alongside Felicis, Bessemer Venture Partners, Cyberstarts and Salesforce Ventures, and the companies it backs on AI Lounge are mostly in AI, AI cloud security and AI simulation and monitoring.
Deals
Frequently asked questions about Craft Ventures
Who founded Craft Ventures?
David Sacks and Bill Lee founded Craft Ventures in 2017. The firm is based in San Francisco.
Does Craft Ventures invest in AI startups?
Yes. Its portfolio includes Replit, OpenEvidence, Glean, Norm AI, Horizon3.ai and Crew AI. Its focus is B2B software, including AI applications and security.
What stages does Craft Ventures invest in?
It invests from pre-seed and seed through Series A and later growth rounds. Craft leads or co-leads some rounds.
What check size does Craft Ventures write?
Craft does not publish a check size. Third-party estimates vary widely, so ask the partner you are pitching.
How large are Craft Ventures' funds?
Press reported a $350 million first fund. Third-party reports say Craft Ventures IV and Growth II together closed $1.32 billion in 2023. Craft has not published these figures itself.
What AI companies has Craft Ventures invested in?
Craft Ventures's AI investments include Upwind Security, ASI, Arceus Legal, Noetive, Supabase, Norm AI, Samepage and Ent. The 11 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Craft Ventures based?
Craft Ventures is based in San Francisco, US.
What stage does Craft Ventures invest at?
In the rounds tracked on AI Lounge, Craft Ventures has invested at Seed, Series C, Growth and Series F, with a median round of $100M. Craft Ventures led 1 of those rounds.
Who does Craft Ventures co-invest with?
Craft Ventures's most frequent co-investors on AI Lounge are Felicis (3 deals), Bessemer Venture Partners (2 deals), Cyberstarts (2 deals), Salesforce Ventures (2 deals) and TCV (2 deals).
How can founders reach Craft Ventures?
Founders on AI Lounge can see Craft 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 Craft Ventures to their Investor Pipeline to track the conversation.