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ACVC Partners is a deep tech venture fund founded in Silicon Valley, California. Established to focus on early investments in transformative technologies, the firm collaborates with industry leaders to leverage their insights and resources for the benefit of its portfolio companies. This unique approach enhances the growth and success of startups in their portfolio.
Currently, ACVC Partners manages a portfolio of 9 active companies, with a total of 15 investments made. The firm specializes in pre-seed, seed, seed-plus, and Series A funding stages, primarily targeting North America. The firm’s investment strategy is centered around sectors undergoing significant transformation, including artificial intelligence, tech-enabled life sciences, and new industrial technologies.
ACVC Partners operates from its headquarters in Palo Alto, California, and has established a reputation for its high-conviction approach to investing. The firm’s notable milestones include successful exits such as DarwinAI, acquired by Apple, and Oculii, acquired by Ambarella. These achievements underscore the firm’s commitment to driving innovation and efficiency across various industries.
ACVC Partners invests in sectors that are experiencing significant transformation, specifically in artificial intelligence, tech-enabled life sciences, and new industrial technologies. The firm targets advancements that redefine technology interactions across industries such as healthcare, finance, and manufacturing. Their investment strategy emphasizes the transformation of traditional business models through AI and next-generation computing.
Investment stages include pre-seed, seed, seed-plus, and Series A, with check sizes typically averaging around $34 million. ACVC Partners seeks companies that demonstrate world-class teams capable of driving fundamental industry shifts through rigorous research and scalable development. The firm is particularly interested in innovations that enhance operational efficiencies and create new markets.
ACVC's LP model is distinctive, as it involves industry leaders who provide not only capital but also sector-specific insights and connections in academia and industry. This active support helps portfolio companies refine product designs, navigate regulatory paths, and secure strategic commercial partnerships, making ACVC a valuable partner for startups in deep tech.
ACVC Partners has a diverse portfolio of companies that are making significant strides in their respective fields. Notable portfolio companies include:
These companies reflect ACVC's commitment to investing in deep tech sectors that are poised for growth and innovation. The firm’s focus on AI, biotech, and industrial technologies positions it well within the evolving landscape of technology-driven industries.
HoChan Lee: Partner at ACVC Partners, HoChan has extensive experience in venture capital and deep tech investments. He has a strong background in AI and industrial technologies.
Joon Lee: Partner at ACVC Partners, Joon specializes in tech-enabled life sciences and has a proven track record of successful investments in healthcare startups.
Mustafiz Choudhury: Partner at ACVC Partners, Mustafiz brings expertise in advanced materials and manufacturing technologies, contributing to the firm’s focus on new industrials.
Eun Jung Choi: Partner and CFO at ACVC Partners, Eun Jung oversees financial operations and strategy, ensuring the firm’s investments align with its long-term goals.
Michael Hwang: Advisor at ACVC Partners, Michael provides strategic insights and guidance based on his extensive experience in the tech industry.
Dave Rosenberg: Venture Partner at ACVC Partners, Dave focuses on identifying and evaluating new investment opportunities in deep tech sectors.
Startups interested in pitching to ACVC Partners should visit their website at acvc.partners. It is advisable to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. ACVC Partners prefers pitches that are clear and concise, highlighting the unique aspects of the technology and its potential impact.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are encouraged, as they can facilitate a more favorable review process.
In 2024, ACVC Partners achieved a notable exit with the acquisition of **DarwinAI** by Apple, highlighting the firm’s successful investment strategy in deep tech. Additionally, **Oculii** was acquired by Ambarella in 2021, further validating ACVC's focus on AI technologies for autonomous systems.
ACVC Partners continues to expand its portfolio, actively investing in innovative companies that align with its mission to drive transformation in various industries. The firm remains committed to supporting its portfolio companies through strategic partnerships and industry insights.
What are ACVC Partners' investment criteria?
ACVC Partners focuses on deep tech companies in sectors such as artificial intelligence, tech-enabled life sciences, and new industrial technologies. They invest at pre-seed, seed, seed-plus, and Series A stages, seeking companies with world-class teams and scalable development potential.
How can startups apply or pitch to ACVC Partners?
Startups can pitch to ACVC Partners through their website at acvc.partners. It is recommended to include a clear business model, market analysis, and details on the founding team in the pitch deck.
What makes ACVC Partners different from other venture capital firms?
ACVC Partners differentiates itself through its LP model, where industry leaders provide not only capital but also valuable insights and connections. This active involvement helps portfolio companies navigate challenges and secure strategic partnerships.
What is the geographic scope of ACVC Partners' investments?
ACVC Partners primarily focuses on North America but maintains a global perspective for potential portfolio companies. Their investments are concentrated in regions with strong deep tech ecosystems.
What is the average check size for investments made by ACVC Partners?
The average round size for investments made by ACVC Partners is approximately $34 million, reflecting their commitment to supporting companies with substantial capital needs for growth.
What kind of post-investment involvement does ACVC Partners have?
ACVC Partners actively engages with its portfolio companies, providing support in refining product designs, navigating regulatory paths, and securing commercial partnerships. Their LPs play a crucial role in this process, offering sector-specific expertise.
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