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OVO Fund is a venture capital firm located in Menlo Park, California, founded in 2014. The firm focuses on investing in early-stage startups, particularly at the pre-seed stage. OVO Fund is committed to supporting founders and their visions, offering not only capital but also guidance and resources to help transform innovative ideas into successful businesses.
As of now, OVO Fund manages approximately $1 million in assets under management (AUM) and has invested in over 117 companies. These portfolio companies have collectively raised more than $5.7 billion and created over 12,700 jobs. The firm has established a notable presence in the startup ecosystem, particularly in North America.
OVO Fund has achieved significant milestones since its inception, including backing several companies that have gone on to achieve notable exits, such as Palantir and Salesforce. The firm continues to evolve, focusing on sectors that include applied AI, fintech, digital health, Web3, and SaaS.
OVO Fund primarily invests in pre-seed companies led by ambitious founders. The firm targets a variety of sectors, including applied AI, enterprise technology, fintech, digital health, Web3, consumer products, and SaaS. OVO Fund typically participates in the first institutional tranche of funding, with check sizes ranging from $250,000 to $750,000.
The firm maintains a follow-on investment strategy with a ratio of 3:1 up to Series A, ensuring that they can support their portfolio companies through various growth phases. OVO Fund looks for founders who demonstrate a strong vision and the drive to execute their ideas. The firm emphasizes the importance of strategic guidance and resources, which are integral to their investment approach.
OVO Fund has built a diverse portfolio of over 117 companies, showcasing its commitment to early-stage investments. Notable portfolio companies include:
These companies have collectively raised more than $5.7 billion and created over 12,700 jobs. OVO Fund has also backed several companies that have achieved significant exits, including Palantir and Salesforce, highlighting the firm's ability to identify and support high-potential startups.
Eric Chen - Managing Partner: Eric has over 150 technology startup investments under his belt, focusing on internet and enterprise IT opportunities in the US and China.
Gianfranco Filice - Partner: Gianfranco brings extensive experience in venture capital and startup growth strategies.
Adam Kaufman - Senior Advisor: Adam provides strategic insights and guidance to portfolio companies.
Jiggs Davis - Partner Emeritus: Jiggs has a wealth of experience in the venture capital space.
Jeff Davis - Generalist: Jeff contributes a broad range of expertise across various sectors.
Steve Ciesinski - B2B SaaS / Deep Tech: Steve specializes in B2B SaaS and deep technology investments.
Dr. Zhengyuan Zhou - Applied AI: Dr. Zhou focuses on investments in applied AI.
Beyang Liu - B2B SaaS / Dev Tooling: Beyang has expertise in B2B SaaS and developer tooling.
Lou Shapiro - Healthcare: Lou specializes in healthcare investments.
Dr. Rene Caissie - Healthcare: Dr. Caissie focuses on healthcare-related startups.
Marcus Gomez - Applied AI / Semiconductors: Marcus has a background in applied AI and semiconductor technologies.
Pankaj Shah - B2B SaaS: Pankaj specializes in B2B SaaS investments.
Maurice Chiang - Healthcare: Maurice focuses on healthcare startups.
Ilse Calderon - Fintech / Consumer: Ilse specializes in fintech and consumer product investments.
To pitch OVO Fund, founders should visit their website at ovofund.com. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. OVO Fund prefers pitches that clearly articulate the startup's vision and potential impact.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
As of September 9, 2024, OVO Fund made its latest investment in T1 Protocol, a financial services company. The firm continues to be an active pre-seed investor in the Menlo Park ecosystem, supporting innovative startups across various sectors.
OVO Fund has backed over 117 companies that have collectively raised more than $5.7 billion and created over 12,700 jobs, demonstrating its commitment to fostering early-stage innovation.
What are OVO Fund's investment criteria?
OVO Fund focuses on early-stage startups, particularly at the pre-seed stage. They look for ambitious founders with strong visions and innovative ideas in sectors such as applied AI, fintech, digital health, Web3, and SaaS.
How can I apply or pitch to OVO Fund?
Founders can submit their pitches through the OVO Fund website at ovofund.com. It is recommended to include a clear business plan and details about the team and market opportunity.
What makes OVO Fund different from other venture capital firms?
OVO Fund distinguishes itself by providing not only capital but also strategic guidance and resources to help founders navigate the challenges of building their startups. Their follow-on investment strategy further supports companies through their growth phases.
What is the geographic scope of OVO Fund's investments?
OVO Fund primarily invests in North America, focusing on startups based in the United States.
What is the typical check size for investments?
OVO Fund typically invests between $250,000 and $750,000 in their portfolio companies.
What is OVO Fund's post-investment involvement like?
OVO Fund maintains a strong follow-on investment strategy and provides ongoing support to portfolio companies, helping them navigate growth challenges and opportunities.
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