Mode VC
Texas

What If Ventures

What If Ventures, based in Texas, backs healthtech and aerospace startups at Seed and Series A, typically following other investors, with notable investments like Alto Pharmacy and Atai Life Sciences.

Website XPortfolioPitch pageTeam page
Entry stageSeed, Series A
Check sizen/a
Leads roundsMostly follows
FocusHealthtech, Defense and space
Latest fundn/a
Investing team1 peopleNo activity since Sep

Who you would pitch at What If Ventures

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

Stephen Hays
Stephen HaysFounder & Managing PartnerHe has invested over $100 million in 112 startups since launching the firm in January 2020.

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

Check size not reported yet.

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

How to reach them[email protected]

Notable investments

Atai Life SciencesAlto PharmacyAlto NeuroscienceBionaut LabsBeckley PsytechAllen Control SystemsAeonAptiHealth

In their words

What If VenturesWhat If Ventures invests in mental health startups. Explore the startups in our portfolio that are livering affordable, accessible and effective care to millions of peoplwhatif.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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Alert me when What If Ventures is active

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

Firms like What If Ventures

Mercury Fund$100K to $10M · active Oct 14
Narya Capital$3M to $10M · active Sep 29
Floating PointCheck size not reported
Mana VenturesCheck size not reported
ACME Capital$1M to $30M
Bluelake$250K to $3M

On these lists

Seed healthtech investors in Texas10Seed investors in United States2836Series A investors in United States1790Seed healthtech investors287Series A healthtech investors243Seed defense and space investors84Seed investors in Texas58Series A defense and space investors57

Questions

What stage does What If Ventures invest in?

What If Ventures reports entry at seed, series a.

How much does What If Ventures invest?

What If Ventures has not reported a check size.

Does What If Ventures lead rounds?

What If Ventures mostly follows other investors.

Who are the partners at What If Ventures?

Stephen Hays (Founder & Managing Partner).

Is What If Ventures active right now?

No recent activity since September 2026.

Work at What If Ventures? Claim or correct this profile.