Mode VC
California

Trail Run Capital

Trail Run Capital, based in California, backs generalist pre-seed startups with checks up to $100k, mostly following other investors, including Mercury and Ashby.

Website
Entry stagePre-seed
Check sizeUp to $100K
Leads roundsMostly follows
FocusGeneralist
Latest fundn/a
Investing team1 peopleNo activity since Sep

Who you would pitch at Trail Run Capital

1 person on the investing team, 1 of them partners who can make the call. Partners are listed first.

Allison Barr AllenFounder / Managing PartnerShe previously worked at PwC and Uber before founding a payments company and Trail Run Capital.

Work here and something is wrong? Ask for a correction.

Writes Up to $100K checks. Its smallest check is larger than 0% 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.

Notable investments

MercuryAshbyEsusuHexReploFonoa
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.

Send your deck

Alert me when Trail Run Capital is active

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

Firms like Trail Run Capital

The CouncilUp to $100K · active Oct 14
Hustle Fund$25K to $100K · active Oct 1
Karman VenturesUp to $250K
Position VenturesUp to $250K
Responsibly VenturesUp to $250K
The Syndicate.comUp to $25K

On these lists

Pre-seed investors in United States1561Pre-seed investors in California434Pre-seed investors1696

Questions

What stage does Trail Run Capital invest in?

Trail Run Capital reports entry at pre-seed.

How much does Trail Run Capital invest?

Trail Run Capital reports checks of Up to $100K.

Does Trail Run Capital lead rounds?

Trail Run Capital mostly follows other investors.

Who are the partners at Trail Run Capital?

Allison Barr Allen (Founder / Managing Partner).

Is Trail Run Capital active right now?

No recent activity since September 2026.

Work at Trail Run Capital? Claim or correct this profile.