Mode VC
Active Sep 22New York

Alpaca VC

Alpaca VC, based in New York, backs Pre-Seed and Seed startups in PropTech, Supply Chain, Climate, and Defense, leading rounds with checks from $500k to $3 million.

WebsitePortfolioTeam page
Entry stagePre-seed, Seed
Check size$500K to $3M
Leads roundsYes
FocusProptech, Logistics and mobility, Industrial, Climate, Defense and space, Marketplaces
Latest fundn/a
Investing team5 people1 activity update, latest Sep 22

Who you would pitch at Alpaca VC

5 people on the investing team, 4 of them partners who can make the call. Partners are listed first.

Ryan Freedman
Ryan FreedmanCo-Founder, Executive ChairmanHe takes a relationship-first and data-first approach.
Aubrie PaganoGeneral Partner, Managing MemberShe leads the firm's AI-native investment strategy and has invested in commerce, industrials, energy, and applied AI.
Daniel Fetner
Daniel FetnerBoard Partner
David Goldberg
David GoldbergBoard Partner
Josh JagotaPrincipalHe leads the development of Gordon, Alpaca VC's AI ecosystem.

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Writes $500K to $3M checks. Its smallest check is larger than 71% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

1 activity update since September, latest Sep 22.

Weekly count of activity updates. Activity is not a confirmed deal.

Notable investments

Applied AtomicsEarth AIIntramotev

In their words

Alpaca VC | AI-native seed fund for foundational industriesAlpaca VC is an AI-native seed fund backing companies where AI meets foundational industries: energy, manufacturing, logistics, real estate, and beyond.alpaca.vc
Founders and investors at a Mode VC gathering

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Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Firms like Alpaca VC

Mercury Fund$100K to $10M · active Oct 14
New Stack Ventures$500K to $3M
Analog Ventures$500K to $3M
8090 Industries$500K to $10M
Great Wave Ventures$250K to $1M
Munich Re Ventures$500K to $10M

On these lists

Seed climate investors in New York29Seed marketplaces investors in New York25Seed logistics and mobility investors in New York18Pre-seed climate investors in New York17Seed industrial investors in New York15Pre-seed marketplaces investors in New York13Pre-seed logistics and mobility investors in New York13Seed defense and space investors in New York13

Questions

What stage does Alpaca VC invest in?

Alpaca VC reports entry at pre-seed, seed.

How much does Alpaca VC invest?

Alpaca VC reports checks of $500K to $3M.

Does Alpaca VC lead rounds?

Yes. Alpaca VC says it can lead.

Who are the partners at Alpaca VC?

Ryan Freedman (Co-Founder, Executive Chairman), Aubrie Pagano (General Partner, Managing Member), Daniel Fetner (Board Partner), David Goldberg (Board Partner).

Is Alpaca VC active right now?

Alpaca VC has shown 1 activity update since September 2026, the latest on 2026-09-22.

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