Initialized Capital is a venture capital firm that champions and supports founders with grit, audacity, and a spark of rebellion. The firm offers relentless support and prepares founders for the challenges ahead, guiding them from seed stage to long-term success. Their portfolio includes a diverse range of companies across various sectors, and they are committed to providing founders with the tools to build successful companies and navigate the venture landscape.

Initialized Capital

Picus Capital is a venture capital firm that specializes in partnering with tech-driven companies to accelerate their growth and scale their operations. The firm provides not only capital but also strategic guidance and operational support to its portfolio companies.

Picus Capital

New Venture Fund is involved in providing operational expertise and fiscal sponsorship to support various projects and partners in driving positive change. The organization manages a charitable portfolio to facilitate impactful initiatives.

New Venture Fund

Valhalla Ventures is involved in venture capital investments at the Seed and Series A stages, focusing on companies across various sectors.

Valhalla Ventures

Initialized Capital is a San Francisco and New York based early stage venture capital firm with over $3.2B in assets under management. We're early investors in Coinbase, Instacart, Cruise, Rippling, Opendoor, and more — $200B+ in market value.

We're founders and builders who are here to help others like us build meaningful businesses. We focus on investing in high-potential software startups at seed stage and earlier, and are happy to be the first investors in early teams run by great engineers, designers and product founders. 

We've helped more founders build startups at the earliest possible stage than most anyone you'll meet, and that means we can help startups avoid the 1,000 landmines that can cause certain failure. It certainly won't guarantee success (as we all know there's no such thing in startups) but at the seed stage we've seen many cases where having the right investors will improve your chances significantly. 

In the end, we started this firm to help people like ourselves build companies that matter. A lot of great investors, advisors, founders, and friends have helped us along the way. We're just here to pay it forward.

General Assembly

Genius

Wave

Weave

Zenefits

Clever

Codecademy

Coinbase

Slack

Soylent

Tilt

Cruise

Digit

eero

Spring

Evernote

North

Opendoor

PlanGrid

Reddit

Wei Deng executed one of the most perfect pivots I have ever seen 

https://lnkd.in/g7ZYKmtE 

Since Initialized started investing in climate a few years ago, we've seen innovative solutions emerge, from climate adaptation to renewable energy software and construction tech. 

Last year, deal value for the industry hit a record $16.5 billion, up more than 3x from 2020, proving it to be one of the most resilient investing categories in venture. 

Read our climate investor Kim-Mai Cutler's blog post highlighting some of our founders (Sonia Kastner, Glen Meyerowitz, Abdullah Al-Zandani, Lee Hoffman, Eloa Guillotin, Francis Thumpasery, Topher Haddad) and outlining what we’ve learned so far investing in the space ⬇ 

https://lnkd.in/gDrAPdZ4

We're happy to announce our lead investment in Beyond Aero, an aviation startup that has raised $24M to date. 

Beyond Aero aims to pioneer hydrogen-electric aviation and develop environmentally sustainable hydrogen-powered passenger aircraft. 

Congrats to CEO Eloa Guillotin and the team! 

Thank you Adele Peters for covering their story in Fast Company ⬇ 
https://lnkd.in/gb4gmWCz

The company recently made history with successful test flights of its hydrogen-electric aircraft, Blériot. In two piloted test flights, Blériot reached 23,000 feet in altitude. This demonstrated the real-world potential of hydrogen-electric propulsion. The results of Blériot have taken Beyond Aero a step closer toward revolutionizing greener air travel. 

Watch their work in action ⬇ 

https://lnkd.in/g3eT2Szm

Dereck Paul, CEO of @GlassHealthHQ, believes that equipping physicians with LLM-based applications tailored for clinical decision support could significantly enhance patient care, leading to increased adoption in 2024 and improvements in diagnostic accuracy and patient outcomes.

More predictions from our founders here:
https://lnkd.in/ekS_7T-v

Also, our healthcare-focused partner Parul Singh joined the "How Can I Be Helpful?" podcast to discuss everything from her love of writing to her experience in the startup space.   

Highlights include: 
-Where Parul started her journey and what led her to VC.
-Getting established in the VC scene in the Bay Area.
-Investment spaces Parul is excited about.

Listen to the full episode ⤵️ https://lnkd.in/e5GCYaPC

As fraudulent activities become more complex, the tech required to monitor and combat them must adapt. 

TRM Labs cofounder and CTO Rahul Raina spoke to us about a quicker and more objective new program called “Signatures”, which programmatically detects suspicious patterns so investigators no longer need to do manual tracing or apply their expert judgment.

📽️Full interview of our interview on "High Bit," available now on Spotify, Apple and YouTube. Links ⬇️

https://lnkd.in/eckRvTSx

https://lnkd.in/ebVJj75C

https://lnkd.in/eNMXJmNy

Metric
Company Name	Initialized Capital	Picus Capital	New Venture Fund	Valhalla Ventures
Symbol
MSH ID	COM:INITIALIZED	COM:PICUSCAP	ORG:NEWVENTUREFUND	VENTURES:VALHALLA
Market	PRIVATE	PRIVATE	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Financial Services & Finance	Public & Social Sector	Financial Services & Finance
Industry	Venture Capital	Venture Capital	Non-Profit Organization	Venture Capital
Country	US	DE	US	US
Stage
Employee Count	41	186
Website	initialized.com	picuscap.com	newventurefund.org	valhalla.ventures
LinkedIn	initialized-capital	picus-capital
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	3K	6.59K	5K
Web Traffic Growth	-0.56	-0.22	0.10
Valuation
Raised Capital			1M

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

COM:INITIALIZED

Initialized Capital

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue