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Initialized Capital

Venture capital · San Francisco, California, United States · initialized.com ↗
Seed fund co-founded by Garry Tan and Alexis Ohanian.
How Initialized Capital invests
Stages
Pre-Seed · Seed · Series A
Fund size
$530M core fund + $170M opportunity fund (Fund VI, 2021; $700M total)
Sector focus
AI / ML · Fintech · Healthcare · SaaS / Enterprise · Climate Tech · Consumer · Crypto / Web3 · Developer Tools · Robotics & Automation
Notable portfolio
Cruise, Rippling
Source: Founders Bay Top 100 AI VCs (2026)
LinkedIn ↗+1 510-585-3257
Artificial IntelligenceSoftwareFintechHealthcareConsumer
Focus: Pre-seed · Seed · Pre-Seed · Series A

About Initialized Capital

AI investing

The Lounge deals desk lists four AI seed rounds with Initialized Capital. The firm is recorded as leading the Ellis Seed ($10M, July 2026), the 10x Science Seed ($4.8M, April 2026) and the Seamflow Seed ($4.5M, February 2026). A $50M Sabi Seed round dated October 2026 is also listed, with no lead recorded.

Notable AI portfolio companies
  • Ellis: Seed round of $10M, July 2026, led by Initialized Capital
  • Sabi: Seed round of $50M, October 2026, lead not recorded
  • 10x Science: Seed round of $4.8M, April 2026, led by Initialized Capital
  • Seamflow: Seed round of $4.5M, February 2026, led by Initialized Capital

Investing activity

Initialized Capital appears in 4 AI deals tracked by the AI Lounge deals desk, rounds totalling $50M, and led 3 of them. The rounds are mostly Seed, with a median round size of $10M and the largest at $50M. The most recent are Sabi (Seed, $50M, Oct 2026), Ellis (Seed, $10M, Jul 2026) and 10x Science (Seed, $4.8M, Apr 2026).

Initialized Capital most often invests alongside Khosla Ventures, Collaborative Fund, DST Global and Ascend, and the companies it backs on AI Lounge are mostly in AI and Brain-computer interface for AI.

Deals

4
AI rounds and acquisitions Initialized Capital took part in, newest first.

Frequently asked questions about Initialized Capital

Does Initialized Capital invest in AI startups?

Yes. Four AI seed rounds on the Lounge deals desk list Initialized Capital, and it is recorded as leading three of them: Ellis, 10x Science and Seamflow.

What stages does Initialized Capital invest in?

Its listed focus stages are pre-seed, seed and Series A.

Who co-founded Initialized Capital?

Garry Tan and Alexis Ohanian co-founded the firm, which is based in San Francisco, California.

Which AI companies has Initialized Capital led seed rounds for?

The Lounge deals desk records Initialized Capital leading the Ellis Seed ($10M, 2026-07), the 10x Science Seed ($4.8M, 2026-04) and the Seamflow Seed ($4.5M, 2026-02).

Where can I find the Initialized Capital website?

The firm's website is https://initialized.com, and its LinkedIn page is linked on this profile.

What AI companies has Initialized Capital invested in?

Initialized Capital's AI investments include Sabi, Ellis, 10x Science and Seamflow. The 4 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.

Where is Initialized Capital based?

Initialized Capital is based in San Francisco, California, United States.

What stage does Initialized Capital invest at?

In the rounds tracked on AI Lounge, Initialized Capital has invested at Seed, with a median round of $10M. Initialized Capital led 3 of those rounds.

Who does Initialized Capital co-invest with?

Initialized Capital's most frequent co-investors on AI Lounge are Khosla Ventures (2 deals), Collaborative Fund (1 deal), DST Global (1 deal), Ascend (1 deal) and Accel (1 deal).

How can founders reach Initialized Capital?

Founders on AI Lounge can see Initialized Capital'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 Initialized Capital to their Investor Pipeline to track the conversation.

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