Craft Ventures

Craft Ventures Research Investment Thesis Craft Ventures invests in exceptional B2B technology founders building market-defining products. The firm, founded by David Sacks and other veteran operators, believes the best venture outcomes come from teams led by founders with deep domain expertise who understand their markets fundamentally. Craft positions itself as a "low maintenance but high value-add" firm that provides not just capital but operational expertise, talent networks, and proven playbooks learned from building multiple unicorn companies. Sector Focus Craft Ventures invests exclusively in B2B technology across multiple verticals: Enterprise Software & SaaS: Workflow automation and productivity tools (ClickUp, Supabase) Vertical SaaS and industry-specific solutions Security and compliance platforms (Vanta, Upwind Security) Data infrastructure and analytics tools Developer Tools & Infrastructure: Cloud infrastructure and platform tools API platforms and developer experience DevOps and CI/CD solutions Database infrastructure Consumer Technology: Selective investments in consumer applications (Lyft, Uber, Airbnb, Eventbrite all early) Consumer-enterprise hybrids The firm explicitly focuses on companies with potential for unicorn outcomes and long-term value creation rather than quick exits. Stage Focus Craft primarily invests at early stages but across a broad range: Angel/Seed: Strong focus on early founders with traction Venture rounds: Series A and Series B follow-ons are common Growth: Selective Series C and later for breakout portfolio companies The firm led the successful closing of $1.32 billion across Craft Ventures IV and Growth II funds in November 2023, indicating capacity for larger ownership stakes and growth-stage follow-ons. Check Size Typical investment range: $500K - $10M+ Seed: $500K-$3M for early teams Series A/B: $3M-$10M+ for scaling companies Growth investments: $10M+ for proven portfolio companies The firm writes checks across a wide range depending on opportunity and stage, with strong reserve capacity for follow-ons. Lead Tendency Craft leads and co-leads early rounds. Their position in numerous seed/angel investments across their 350+ portfolio companies demonstrates their willingness to take lead positions at early stages. Recent activity includes leading investments in emerging companies while also participating in larger Series B rounds for portfolio companies. Recent Activity Fund IV is actively deploying with recent investments including: January 2026: Participated in Upwind Security Series B ($100M round) December 2025: Investments in Resemble AI and other portfolio companies Q4 2025: Continued active deployment across enterprise software, developer tools, and infrastructure The firm maintains an actively deploying profile with strong momentum and frequent check-writing activity. Portfolio Highlights Notable Unicorn Portfolio: Addepar (enterprise wealth management platform) ClickUp (productivity/collaboration, $600M+ Series C) Vanta (security & compliance unicorn) Upwind Security (cloud security, recently raised $100M Series B) Supabase (open-source Firebase alternative, $200M Series D) OpenEvidence (AI-powered medical intelligence, 15M+ monthly clinical consultations) Historical Exits: Airbnb (IPO exit, original angel investor) Uber (IPO exit, original angel investor) Lyft (IPO exit) Reddit (IPO exit) Slack (IPO exit) Eventbrite (IPO exit) SpaceX (major exit) Active Portfolio Companies: 350+ investments with consistent stage progression from seed through growth rounds Team Core Partners: David Sacks (Founder/Partner): Serial entrepreneur and operator, successful founder and executive experience Mark Woolway (President): Operations and administrative leadership Brian Murray (Partner & COO): Investment and operations execution Michael Robinson (Partner, Head of Investment Team): Senior investment decision-maker Mike Marg (Partner): Technology sector specialist Lainy Painter Singh (Partner): B2B SaaS and enterprise focus Jeff Fluhr (Venture Partner): Experienced investor and strategic advisor Bill Lee (Venture Partner): Infrastructure focus Platform & Operations: Jessica Hoffman (Partner, Head of Platform): Portfolio company support Comprehensive talent, PR, GTM, legal, and security operations teams Executive network and advisory councils (CISO Council, CxO Council) Decision Process Partnership model with clear division of labor. David Sacks functions as founder/visionary, investment partners drive deal decisions, and platform partners provide operational support. Geographic Focus Primary focus on United States technology ecosystem (Silicon Valley, NYC, Seattle). Founder Preferences Craft explicitly seeks: Founders with deep domain expertise: Ex-operators and technical founders Serial entrepreneurs: Track record of building and shipping products Obsessive founders: Intense focus and commitment Technical depth: Strong technical co-founders Proven operators: Preference for founders with prior experience at scale Fund Status Actively deploying from Fund IV ($1.32B closed November 2023). Recent investment activity demonstrates consistent deal flow and strong deployment velocity.