California

Theory Ventures

Theory Ventures, based in California, backs infrastructure and developer tool startups from Seed to Series B, can lead rounds, and writes checks from $1 million to over $30 million.

Entry stageSeed, Series A, Series B
Check size$1M to $30M+
Leads roundsYes
FocusDev tools and infra
Latest fund$450M$450M Fund II; $688M total AUM
Investing team3 peopleNo activity since Sep

Who you would pitch at Theory Ventures

3 people on the investing team, 3 of them partners who can make the call. Partners are listed first.

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Writes $1M to $30M+ 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.

No recent activity since September 2026. Quiet does not mean closed.

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

Before you pitch

Ownership target7-10%
How to reach them[email protected]

Notable investments

OllamaMotherDuckDossLanceDB

In their words

Theory Ventures — AI-Focused Venture CapitalWe craft theories about the future, invest time & capital, and help them become reality. Venture capital firm investing in transformative ideas.theoryvc.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 Theory Ventures is active

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

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Questions

What stage does Theory Ventures invest in?

Theory Ventures reports entry at seed, series a, series b.

How much does Theory Ventures invest?

Theory Ventures reports checks of $1M to $30M+.

Does Theory Ventures lead rounds?

Yes. Theory Ventures says it can lead.

Who are the partners at Theory Ventures?

Tomasz Tunguz (General Partner), Andy Triedman (Partner), Spencer Farrar (Partner).

Is Theory Ventures active right now?

No recent activity since September 2026.

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