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The House Fund is a venture capital fund founded nearly a decade ago by former UC Berkeley student entrepreneurs. Based in Berkeley, California, the fund is dedicated to supporting technology business development within the Berkeley community, including alumni, faculty, and students. The House Fund has established itself as a key player in the local startup ecosystem, emphasizing innovation and entrepreneurship through financial backing and resources for promising startups.
Currently, The House Fund manages a total of $6 million in assets and has invested in 7 companies. The firm primarily focuses on pre-seed and early-stage investments, with a strong commitment to fostering AI initiatives. The fund has built a reputation for its deep ties to the UC Berkeley community, which enhances its ability to identify and support high-potential startups.
Notable milestones include partnerships with leading AI faculty members and a growing portfolio that reflects the fund's focus on technology-driven solutions. The House Fund's office is located at 1935 Addison Street, Suite A, Berkeley, CA 94704, and it actively engages with the local entrepreneurial ecosystem.
The House Fund invests in pre-seed and early-stage startups, specifically targeting companies with at least one founder who is a UC Berkeley alumni, faculty member, student, or affiliate. The fund typically invests up to $1 million at the pre-seed stage and up to $2 million at the early stage, often leading or co-leading Seed rounds. This investment strategy allows The House Fund to play a significant role in the early development of its portfolio companies.
Key sectors of interest include artificial intelligence and healthcare, with a particular emphasis on building a strong ecosystem for AI initiatives. The fund collaborates with leading AI faculty from UC Berkeley to enhance the development of innovative technologies. The House Fund seeks founders who demonstrate a clear vision, strong technical expertise, and a commitment to solving real-world problems through technology.
Deal structures often involve co-investments with other venture capital firms, allowing for a diversified approach to funding. The House Fund's geographic focus is primarily on the United States, aligning with its mission to support startups within the Berkeley community.
The House Fund has invested in a diverse range of companies, showcasing its commitment to technology and innovation. Notable portfolio companies include:
This portfolio reflects The House Fund's focus on AI and technology-driven solutions, with several companies achieving significant funding milestones.
Jeremy Fiance: Founder & Managing Partner. Jeremy has a background in entrepreneurship and venture capital, having led multiple successful investments in technology startups.
Zachary Hargreaves: Managing Partner. Zachary brings extensive experience in early-stage investing and has a strong focus on AI and healthcare sectors.
Sydney Thomas: Venture Partner. Sydney has a background in technology development and has worked with various startups in the Berkeley area.
David Bloom: Principal. David specializes in identifying high-potential startups and has a keen interest in AI technologies.
Adithya Iyengar: Principal. Adithya has experience in venture capital and technology, focusing on supporting early-stage companies.
Sean Whitney: General Counsel. Sean provides legal guidance and support to portfolio companies, ensuring compliance and risk management.
Marc Morgenstern: Mentor at Large. Marc offers mentorship and strategic advice to portfolio founders, leveraging his extensive industry experience.
AI Faculty Partners: Joseph Gonzalez, Ion Stoica, Michael Jordan, Kurt Keutzer, Trevor Darrell, Ken Goldberg. These faculty members collaborate with The House Fund to support AI initiatives and provide insights into cutting-edge research.
To pitch to The House Fund, founders should email build@thehouse.fund with a comprehensive pitch deck. The deck should include details about the business model, market analysis, team background, and financial projections. The fund typically responds within a few weeks, and warm introductions are preferred but not mandatory.
In recent months, The House Fund has made significant investments in several portfolio companies, including Silna Health, which raised $27 million to enhance its AI-powered healthcare platform. PsiQuantum also secured $620 million to develop a utility-scale quantum computer, highlighting the fund's commitment to supporting groundbreaking technology.
Additionally, Ayar Labs achieved unicorn status with a valuation over $1 billion after raising $155 million, showcasing the successful outcomes of The House Fund's investment strategy. The fund continues to actively engage with the Berkeley community to identify and support promising startups.
What are The House Fund's investment criteria?
The House Fund primarily invests in pre-seed and early-stage startups that have at least one founder who is a UC Berkeley alumni, faculty member, student, or affiliate. The fund focuses on technology sectors, particularly AI and healthcare.
How can I apply or pitch to The House Fund?
Founders can pitch their startups by emailing build@thehouse.fund. It is recommended to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes The House Fund different from other venture capital firms?
The House Fund has a unique focus on supporting startups within the UC Berkeley community, leveraging its strong connections to alumni and faculty. This provides portfolio companies with access to a valuable network of mentors and industry experts.
What is the geographic scope of The House Fund's investments?
The House Fund primarily invests in startups located in the United States, with a specific emphasis on those connected to the Berkeley community.
What is the typical check size for investments?
The House Fund typically invests up to $1 million at the pre-seed stage and up to $2 million at the early stage, often leading or co-leading Seed rounds.
What kind of post-investment involvement does The House Fund have?
The House Fund actively supports its portfolio companies by providing access to a network of experienced mentors, industry experts, and potential customers, particularly in the AI sector.
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