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Digsbury Ventures is a venture capital firm founded in 2022 by Michael and Steve Westover, based in Seattle, Washington. The firm focuses on investing in the outdoor industry, aiming to provide essential capital and support to early-stage companies that promote outdoor activities and environmental sustainability. Digsbury Ventures recognizes the unique challenges faced by outdoor industry founders in accessing capital compared to their counterparts in technology and finance.
The firm has launched its first fund with an initial size of $5 million, specifically targeting private, founder-led companies within the outdoor sector. Digsbury Ventures is committed to bridging the capital gap for outdoor entrepreneurs by offering patient, category-aware capital and operator advice. The firm’s mission is to foster partnerships that enhance environmental sustainability while promoting health and wellness.
Digsbury Ventures invests in early-stage companies within the outdoor sector, specifically those that inspire and equip individuals for outdoor adventures. The firm targets investments in consumer, commerce, and healthcare sectors, emphasizing partnerships with companies that are committed to reducing environmental impact and promoting health and wellness. Investment stages include pre-seed, seed, seed+ (extension), and Series A, with check sizes averaging around $1 million.
The firm seeks to support founder-led companies that align with its mission of promoting outdoor activities and sustainability. Digsbury Ventures aims to provide not just capital but also strategic guidance for growth, leveraging their expertise in the outdoor industry to help portfolio companies thrive. Their investment strategy is designed to ensure that their investments resonate with their core values and contribute positively to the outdoor community.
Digsbury Ventures has built a diverse portfolio of ten companies, all of which are focused on the outdoor industry. Notable portfolio companies include:
Steve Westover: Co-Founder and Managing Partner at Digsbury Ventures. Steve has a background in venture capital and a deep understanding of the outdoor industry. He has been instrumental in shaping the firm's investment strategy and building relationships within the sector.
To pitch Digsbury Ventures, founders should use the contact email provided: steve@digsbury.com. It is advisable to include a concise pitch deck that outlines the business model, market opportunity, and alignment with Digsbury's mission of promoting outdoor activities and sustainability. Response times may vary, but founders can expect to hear back within a few weeks.
In April 2023, Digsbury Ventures announced its first investment in Bridge Bike Works, a Toronto-based manufacturer of carbon-fiber bike frames. This investment was made to support the company during supply chain challenges.
In March 2023, Guardian Bikes raised $3 million to support its shift to USA production, a move that aligns with Digsbury's focus on sustainability and local manufacturing.
What are Digsbury Ventures' investment criteria?
Digsbury Ventures focuses on early-stage, founder-led companies within the outdoor sector. They prioritize businesses that promote outdoor activities and environmental sustainability, with a particular interest in consumer, commerce, and healthcare sectors.
How can I pitch to Digsbury Ventures?
Founders can pitch Digsbury Ventures by visiting their website at digsbury.com or by emailing Steve Westover directly at steve@digsbury.com. It is recommended to include a clear overview of the business model, market opportunity, and alignment with Digsbury's mission.
What makes Digsbury Ventures different from other investors?
Digsbury Ventures is uniquely focused on the outdoor industry, providing not only capital but also strategic guidance tailored to the specific challenges faced by outdoor entrepreneurs. Their commitment to environmental sustainability sets them apart from many traditional venture capital firms.
What is the geographic focus of Digsbury Ventures?
The firm primarily invests in companies located in North America, specifically within the United States. This geographic focus allows them to support local outdoor businesses effectively.
What is the typical check size for investments?
Digsbury Ventures typically invests around $1 million in early-stage companies, although this can vary based on the specific needs of the business and the investment opportunity.
What kind of support do portfolio companies receive?
Portfolio companies benefit from Digsbury Ventures' expertise in the outdoor industry, receiving strategic guidance, operational support, and access to a network of industry contacts to help them grow and succeed.
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