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Rackhouse Venture Capital is an early-stage venture capital firm founded by Kevin Novak, based in the United States. The firm manages a portfolio of 15 companies and focuses on investments in Africa and the U.S. It emphasizes supporting entrepreneurs from diverse backgrounds.
Rackhouse Venture Capital invests in early-stage companies at the pre-seed, seed, and seed-plus stages, particularly those leveraging artificial intelligence (AI) and machine learning (ML) technologies. The firm targets sectors such as healthcare, consumer, logistics, and SaaS, aiming to enhance efficiency through data utilization.
Notable portfolio companies include ABL, a defense engineering firm founded by former SpaceX engineers; Amitruck, a digital marketplace for deliveries in East Africa; and ara, a platform connecting rideshare drivers with advertising opportunities. Other companies in their portfolio include Argyle, Bigeye, Chronosphere, and Elroy Air.
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