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305 Ventures is a micro-venture capital firm founded in 2021 in Miami, Florida. The firm specializes in investing in early-stage companies globally, particularly at the pre-seed and seed stages. The founders, all experienced entrepreneurs, relocated to Miami to capitalize on the city's burgeoning reputation as a tech hub. This strategic move aligns with their mission to support innovative startups across various sectors.
The firm manages a $5 million fund and aims to build a portfolio of 40 companies. Currently, 305 Ventures has invested in 10 companies, showcasing its commitment to early-stage investment. The firm’s approach is characterized by a founder-first philosophy, emphasizing the importance of the founding team in the success of startups. 305 Ventures also collaborates with Florida Funders, an institutional LP and co-investment partner, to provide portfolio companies with access to larger follow-on capital.
305 Ventures invests in companies at the 0 to 1 stage across multiple sectors, including fintech, media, consumer products, gaming, and web3. The firm employs a proprietary community and artificial intelligence to identify and support emerging companies, ensuring they are well-positioned for growth. The investment strategy is global, with a strong emphasis on early-stage opportunities.
The typical check size ranges from $25,000 to $100,000, allowing for a high-volume entry model into the startup ecosystem. 305 Ventures seeks to partner with founders who demonstrate strong potential and innovative ideas. The firm’s investment thesis is rooted in the belief that Miami's emergence as a tech hub provides a unique advantage for startups, particularly in sectors like sports, entertainment, and financial technology.
305 Ventures has built a diverse portfolio of 10 companies, reflecting its investment strategy across various sectors. Notable portfolio companies include:
This portfolio illustrates 305 Ventures' commitment to supporting innovative companies across fintech, gaming, and media sectors.
Joey Levy: Co-Founder of 305 Ventures, previously co-founder of Simplebet, a sports betting technology company. He has extensive experience in the sports betting sector and relocated from New York to Miami to pursue opportunities in the local tech ecosystem.
Zaid Rahman: Co-Founder and CEO of Flexbase, a proptech and fintech company. He has angel invested in 23 companies prior to joining 305 Ventures, bringing a wealth of experience in early-stage investments.
Kingsley Advani: Co-Founder and CEO of Allocations, an investment management platform. He has led over 100 investments and has a strong background in finance and technology.
Michael Melikian: Co-Founder of 305 Ventures, with a track record of investing in 16 companies prior. His expertise spans various sectors, including fintech and consumer products.
To pitch to 305 Ventures, founders should submit their pitch deck via email to team@305.ventures or through the website at 305.ventures. The pitch deck should include key information such as the business model, market analysis, team background, and financial projections. Founders can expect a response within a few weeks, but timelines may vary based on the volume of submissions.
Warm introductions are preferred, as they can help facilitate the review process. However, cold pitches are also accepted. It is crucial for founders to clearly articulate their value proposition and how their startup aligns with 305 Ventures' investment focus.
In May 2021, 305 Ventures made 10 investments shortly after its launch, targeting a total of 40 companies through its first fund. Notable portfolio companies include Underdog Fantasy, Betr, and Voldex, reflecting the firm's focus on fintech and gaming.
As of 2021, the firm was planning Fund II, although the status of this fund has not been confirmed. The firm continues to emphasize its Miami-first approach, leveraging the city's growth as a tech hub to attract innovative startups.
What are the investment criteria for 305 Ventures?
305 Ventures focuses on early-stage companies in sectors such as fintech, media, consumer products, gaming, and web3. They primarily invest in pre-seed and seed stages, targeting companies that demonstrate strong potential for growth and innovation.
How can founders apply or pitch to 305 Ventures?
Founders can pitch their ideas by visiting the firm's website at 305.ventures or by emailing their pitch deck to team@305.ventures. It is recommended to include a clear business model, market analysis, and team background in the pitch.
What makes 305 Ventures different from other VC firms?
305 Ventures emphasizes a founder-first approach, leveraging the expertise of its team and network to provide strategic guidance and support. Their unique use of community and artificial intelligence to identify startups sets them apart in the venture capital landscape.
What is the geographic scope of 305 Ventures?
The firm has a global investment focus but is particularly interested in companies based in Miami, reflecting its commitment to the local tech ecosystem.
What is the typical fund size and check size for investments?
305 Ventures operates a $5 million fund, with typical check sizes ranging from $25,000 to $100,000 per investment. This allows them to engage with a high volume of early-stage startups.
What kind of post-investment involvement can portfolio companies expect?
305 Ventures provides ongoing support to its portfolio companies, including access to follow-on capital, strategic guidance, and assistance in navigating early-stage growth challenges. Their founder-first approach ensures that they are actively involved in the success of their investments.
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