7BC Venture Capital

7BC Venture Capital Research Firm Overview 7BC Venture Capital is an early-to-growth stage venture capital firm founded in 2018, with a mission of "powering the digital economy by investing in companies that automate and reimagine human workflows while harnessing the power of data." The name 7BC refers to "7 Borderless Continents," reflecting their global LP network spanning investors from six continents. The firm operates from Fund IV and has achieved top-quartile performance across its prior funds. Investment Thesis 7BC focuses on companies leveraging AI for product design, process optimization, data utilization, and organizational collaboration. Their core thesis centers on the intersection of automation, data analytics, and enterprise workflow transformation. The firm believes that AI and digital automation are foundational infrastructure for the next 20+ years of economic development. Their stated focus areas are: Artificial Intelligence & Automation : Tools and platforms that automate complex human workflows using AI FinTech & Financial Infrastructure : Technologies disrupting payments, lending, and financial services Enterprise Software & SaaS : B2B platforms improving business productivity and efficiency Developer Infrastructure : Tools that accelerate software development and deployment HR Tech : Workforce management and people operations platforms The firm explicitly targets companies that leverage data and automation to "drive transformation across the digital economy using the most transformational technologies over the next 5, 10, and 20 years: artificial intelligence (AI & automation), financial technologies (FinTech), software infrastructure (digitization), and general enterprise software and consumer internet." Stage Focus 7BC primarily targets Late-Stage Seed and Series A rounds for direct investments. They require a minimum of $100K in monthly recurring revenue (MRR) before considering direct investments. They also execute growth-stage investments via Special Purpose Vehicles (SPVs) exclusively through their LP network for highly-sought-after late-stage and pre-IPO companies. Dual Strategy Unique among VC firms, 7BC operates a dual strategy: Direct VC Investments : Late-Stage Seed and Series A into startups in AI, fintech, SaaS, and enterprise software Fund of Funds (FoF) via 7BC Capital : Invests in top-decile performing VC funds and hosts Global VC Demo Days across 11 annual events in 8 cities (US, UK, Middle East, Asia), connecting selected VCs with accredited investors, family offices, and institutions Check Size & Fund Structure Specific check sizes are not publicly disclosed. Given their Late Seed to Series A focus, typical checks likely range from $500K–$3M for direct investments. Via SPVs, they have completed 70+ co-investments in growth-stage companies. Fund Performance: Fund I: 3.98x MOIC, 33.4% IRR, minimum 7x projected cash-on-cash returns Fund II: 4.32x MOIC, 60.39% IRR, 12–15x projected cash-on-cash returns Fund III: Currently 1.2x (still early) Fund IV: Actively deploying Recent Activity 7BC continues to actively deploy from Fund IV. Recent investments include: Zeplyn AI (December 2025) – Seed round; agentic AI platform for wealth managers Saturn (October 2025) – ~$15M Series A; student financial tools platform Andrew Romans also publishes regular thought leadership content, including: August 2025: Essay on why smaller VC funds consistently outperform mega-funds July 2025: Analysis of 7BC's dual strategy in the shifting VC landscape September 2024: VC perspective on US immigration policy for talent attraction Portfolio Highlights 7BC has built a portfolio of 100+ companies across enterprise software, fintech, healthcare, and developer tools: Enterprise/SaaS: Superhuman (superhuman.com) – AI-powered email productivity; raised $75M from IVP Pryon (pryon.com) – Enterprise AI knowledge management Folk (folk.app) – Native-AI unified CRM Terzo AI (terzo.ai) – AI-powered vendor and contract management Humi (humi.ca) – All-in-one HR, payroll, and benefits platform (Canada) Zeplyn AI (zeplyn.ai) – Agentic AI for wealth managers Healthcare: NexHealth (nexhealth.com) – Healthcare patient management platform; raised $125M, achieved unicorn status Pear Suite – Care coordination platform Developer Tools/Infrastructure: Replit (replit.com) – Cloud-based development platform Aiden Technologies (meetaiden.com) – Automated Windows software packaging and deployment Fintech: DigiShares (digishares.io) – Real-world asset tokenization platform Nada (nada.co) – Home equity marketplace Zive AI (zive.ai) – AI-powered VC fund management platform Hospitality/Consumer: Canary Technologies (canarytechnologies.com) – Hospitality operations modernization Crafty (craftydelivers.com) – Office food and beverage programs TodayTix – Theater and entertainment ticketing Space/Frontier: Umbra (umbra.space) – SAR satellite imaging Via SPVs (growth-stage co-investments): Anthropic, OpenAI, SpaceX/xAI, Perplexity, Replit Team Andrew Romans – General Partner & CEO; former GP at Rubicon Venture Capital with 100+ VC investments completed; professor at Chapman University; author of 4 books on VC; consistently ranks top 10–20% US VC by IRR and cash-on-cash returns. Based in Austin, TX. Brad Morgan – Partner. Based in Los Angeles, CA. Ken Goldman – Board of Advisors; former CFO of Yahoo! Based in Atherton, CA. David Bayer – Head of Investor Relations. Based in Washington, D.C. Lexington Blood – Venture Partner. Based in Park City, UT. Kevin Yu – Venture Partner (fintech/SaaS focus). Based in Seattle, WA. Scott Kelly – Marketing Partner. Based in St. Petersburg, FL. 50 Scouts – Strategically located in key technology hubs globally Geographic Focus 7BC has a global LP network spanning six continents with investors from the US, Canada, South America, UK, Nordics, Europe, Middle East, Africa, Singapore, Japan, and Australia. They invest primarily in the US with significant international deal flow. Their 50 scouts are strategically positioned across key technology hubs globally. Decision Process Andrew Romans leads investment decisions as General Partner, with Brad Morgan as Partner. The small team structure suggests a streamlined partnership decision process. The firm emphasizes being able to add genuine value as a prerequisite for investment. Founder Preferences 7BC targets founders building at the intersection of AI, data, and workflow automation. They prefer companies with demonstrated traction (minimum $100K MRR) and technical/product-led leadership. Their global LP network provides portfolio companies with access to strategic investors, co-investors, and potential customers across multiple geographies. The firm's operating principle is "if we can't add value, we won't invest." Distinctive Programs LP-in-Residence Program : Rotating family members/executives can participate for up to 2 years, gaining inside access to deal flow Shadow Weeks : LPs can shadow GP meetings and due diligence sessions Global VC Demo Day : 11 annual events across 8 cities connecting selected VCs with accredited investors 7BC Syndicate : Enables accredited investors to co-invest alongside 7BC across early-stage to pre-IPO deals