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Floating Point is an early-stage venture capital firm founded in 2021 by Eddie Segel and John Loser. The firm operates out of Boston and New York, focusing on sectors that traditional venture capital often overlooks. These sectors include healthcare, logistics, finance, energy, and defense. Floating Point aims to build businesses that provide innovative solutions in these complex industries.
As of 2024, Floating Point has raised two funds, with Fund I estimated at approximately $80 million and Fund II closing at $70 million. The firm has a total assets under management (AUM) exceeding $150 million. Their limited partners include institutional investors, private equity firms, family offices, and the Pritzker Organization's venture arm. Floating Point maintains a concentrated portfolio of 17 companies, allowing for deep engagement with each founder.
Floating Point invests in early-stage companies across various sectors, including healthcare, logistics, finance, energy, climate, defense, and biotech. The firm targets pre-seed, seed, seed-plus, and Series A stages, providing long-term, patient capital to help founders build sustainable businesses. Their investment strategy emphasizes identifying opportunities in complex industries that require innovative solutions, where traditional venture capital strategies often fail.
The firm seeks startups that are rebuilding operating systems for these underserved sectors. Floating Point's thesis highlights the need for innovation in areas such as specialty insurance, global supply chains, climate risk, and defense. They prefer to work closely with founders, offering not just capital but also strategic support to drive growth and innovation.
Floating Point's portfolio includes 17 notable companies across various sectors:
This diverse portfolio reflects Floating Point's commitment to investing in complex sectors that require innovative solutions and long-term support.
Eddie Segel: Co-founder and General Partner. Previously worked at Bridgewater Associates and was on the founding team of Oscar Health, where he led product, data, and risk initiatives.
John Loser: Co-founder and General Partner. Also a former member of the founding team at Oscar Health and has a background at Bridgewater Associates.
Sage Doble: Operations. Responsible for managing day-to-day operations and supporting portfolio companies.
Evan Moore: Venture Partner. Brings expertise in early-stage investments and operational support.
Serkan Piantino: Venture Partner. Focuses on technology-driven investments and scaling startups.
Bruce Gottlieb: Venture Partner. Experienced in healthcare and biotech investments.
Neha Kumar: Venture Partner. Specializes in logistics and supply chain innovations.
Jesse Horowitz: Venture Partner. Focuses on energy and climate-related investments.
Vinod Mitta, MD: Venture Partner. Brings a medical background to healthcare-related investments.
Jason Pritzker: Advisor. Provides strategic guidance and insights from his extensive experience in venture capital.
Founders interested in pitching to Floating Point should visit their [website](https://floating.vc) for submission guidelines. The firm prefers detailed pitch decks that clearly outline the business model, market opportunity, and team qualifications. A warm introduction can be beneficial, but it is not strictly necessary. Response times may vary, so founders should be prepared for potential follow-up discussions.
On April 10, 2024, Floating Point announced the closing of its second fund at $70 million, aimed at investing in complex sectors. This fund was reportedly closed short of its original target.
In recent months, Floating Point has made several notable investments in companies like Altana and Commons Clinic, further solidifying its focus on innovative solutions in healthcare and logistics.
The firm has been featured in various media outlets, including Axios and Nasdaq, highlighting its unique approach to venture capital and the expertise of its founding team.
What are Floating Point's investment criteria?
Floating Point invests in early-stage companies across sectors like healthcare, logistics, finance, energy, and defense. They focus on startups that are rebuilding operating systems in complex industries.
How can I pitch Floating Point?
Founders can submit their pitches through the [Floating Point website](https://floating.vc). The firm prefers detailed decks that outline the business model, market opportunity, and team background.
What makes Floating Point different from other VCs?
Floating Point emphasizes long-term, patient capital and focuses on sectors that are often overlooked by traditional venture capital. Their concentrated portfolio allows for deep engagement with founders.
What is Floating Point's geographic focus?
The firm primarily invests in North America but has portfolio companies with international exposure, such as Mevo in Brazil.
What is the typical check size for investments?
While specific check sizes are not publicly disclosed, Floating Point invests in pre-seed to Series A stages, indicating a range that typically aligns with early-stage funding.
What kind of support do they provide post-investment?
Floating Point works closely with founders to provide operational support, strategic guidance, and access to their network, helping to drive growth and innovation in their portfolio companies.
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