Mode VC
Active Sep 23Confirmed by the firmCalifornia

Initialized Capital

Initialized Capital is a California-based generalist seed investor that mostly leads rounds, writing checks from $1 million to $10 million, and has backed Coinbase and Instacart.

WebsitePortfolioTeam page
Entry stageSeed
Check size$1M to $10M
Leads roundsYes
FocusGeneralist
Latest fundn/a
Investing team5 people1 activity update, latest Sep 23

Who you would pitch at Initialized Capital

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

Brett GibsonManaging PartnerHe previously served as a General Partner and has experience in enterprise SaaS and crypto.
Garry TanFounder & Board PartnerInitialized is an early-stage venture capital firm in San Francisco, founded by Y Combinator partners including Garry Tan.
Abdul LyPartner
Kim-Mai CutlerPartnerShe previously worked as a journalist for TechCrunch, where she reported on finance, policy, and technology.
Zoe PerretPartner

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Writes $1M to $10M checks. Its smallest check is larger than 83% 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 23.

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

Before you pitch

Ownership target10-12%, > 12%
How to reach them[email protected]

Notable investments

CoinbaseInstacartRedditPatreonFlexportOpendoorCruiseBlendRipplingGOAT

In their words

InitializedInitialized Capital — a seed-stage venture firm.initialized.com
Founders and investors at a Mode VC gathering

Send Mode VC your deck

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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Alert me when Initialized Capital is active

One email when this firm shows new activity. Nothing else.

Firms like Initialized Capital

Bling Capital$1M to $10M · active Sep 23
Caffeinated Capital$1M to $10M · active Oct 8
Creandum$1M to $10M · active Oct 6
Crosslink Capital$1M to $10M · active Oct 14
First Round Capital$1M to $10M · active Oct 7
Innovation Endeavors$1M to $10M · active Sep 28

On these lists

Seed investors in United States2836Seed investors in California699Seed investors3020

Questions

What stage does Initialized Capital invest in?

Initialized Capital reports entry at seed.

How much does Initialized Capital invest?

Initialized Capital reports checks of $1M to $10M.

Does Initialized Capital lead rounds?

Yes. Initialized Capital says it can lead.

Who are the partners at Initialized Capital?

Brett Gibson (Managing Partner), Garry Tan (Founder & Board Partner), Abdul Ly (Partner), Kim-Mai Cutler (Partner), Zoe Perret (Partner).

Is Initialized Capital active right now?

Initialized Capital has shown 1 activity update since September 2026, the latest on 2026-09-23.

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