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Level One Fund is an early-stage venture capital fund founded in 2019 and based in New York City, USA. The fund focuses on investing in companies that aim to reshape static industries through innovative solutions. Since its inception, Level One Fund has built a diverse portfolio of 28 companies, demonstrating a commitment to supporting startups that show repeatable traction in their respective markets.
The firm has a team of five partners who leverage their extensive experience to guide portfolio companies through challenges and growth opportunities. Level One Fund has achieved notable milestones, including investments in eight unicorns and one IPO, showcasing its ability to identify and support high-potential ventures. The fund's approach emphasizes strategic guidance and access to a network of industry experts, ensuring that its portfolio companies are well-positioned for success.
Level One Fund invests primarily in early-stage companies across multiple sectors, including fintech, consumer, biotech, artificial intelligence, and foodtech. The fund targets pre-seed to seed-plus stage companies that have their core product or service live and are generating traction. Level One Fund seeks businesses that demonstrate clear differentiation from competitors and possess a strong long-term vision.
The investment strategy emphasizes backing companies that aim to reshape static industries, focusing on standout solutions that can drive significant change. Level One Fund's partners look for founders who are not only innovative but also capable of executing their vision effectively. The fund's deal structure typically involves co-investments, allowing for collaborative growth and shared insights among portfolio companies.
Level One Fund's portfolio includes a diverse range of companies, showcasing its commitment to various sectors:
Notable exits from the portfolio include:
James Stewart: Partner at Level One Fund, James has extensive experience in venture capital and has led multiple successful investments in the fintech sector.
Andrew Stewart: Partner, Andrew specializes in consumer technology and has a strong track record of supporting startups in their growth phases.
Gary Lisiewski: Partner, Gary brings expertise in biotech investments and has been instrumental in guiding portfolio companies through regulatory challenges.
Charlie Chen: Partner, Charlie focuses on AI and technology-driven startups, leveraging his background in engineering and product development.
Adam Chen: Partner, Adam has a diverse background in venture capital and entrepreneurship, providing valuable insights to early-stage companies.
To pitch Level One Fund, founders should send an email to hello@levelonefund.com. A concise pitch deck is essential, highlighting the business model, market opportunity, and traction. The fund prefers to receive pitches via email and typically responds within a few weeks. Warm introductions are beneficial but not mandatory.
As of January 2025, Level One Fund has invested in 28 companies, with one new investment in the last 12 months. Notable recent deals include co-leading a $52M Series A+ for Voyage Foods in May 2024, alongside Horizons Ventures, with total funding raised by Voyage Foods reaching $94M. Level One Fund also co-led Voyage's earlier $36M Series A in 2022, indicating a strong follow-on investment strategy.
In addition, Level One Fund made a recent investment in Final Round AI, further expanding its portfolio in the AI sector. The fund's focus on transformative companies continues to yield significant outcomes, including eight unicorns and one IPO, with Klarna achieving a $15.1B market cap upon its IPO in September 2025.
What are Level One Fund's investment criteria?
Level One Fund invests in early-stage companies across sectors such as fintech, consumer, biotech, and AI. They look for businesses with live products generating traction and a clear differentiation from competitors.
How can I apply or pitch to Level One Fund?
Founders can reach out via email at hello@levelonefund.com to pitch their ideas. A well-prepared pitch deck that outlines the business model, market opportunity, and traction is recommended.
What makes Level One Fund different from other VCs?
Level One Fund focuses on reshaping static industries and emphasizes strategic guidance and access to a network of industry experts for its portfolio companies.
What is the geographic scope of Level One Fund's investments?
The fund primarily invests in companies based in the United States, although its portfolio includes companies with international potential.
What is the typical check size for investments?
Level One Fund invests in pre-seed to seed-plus stages, with check sizes varying based on the specific needs of the startup and the stage of investment.
What kind of post-investment involvement does Level One Fund have?
The fund provides strategic guidance, operational support, and access to a network of industry experts to help portfolio companies scale effectively.
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