Craft Ventures


Craft Ventures is a venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee. As of November 2018 it has invested in startups such as Bird, BitGo, Cloud9, Harbor, Lumina, Reddit, SpaceX, Terminal and Wayv.

Background

Craft was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal and Bill Lee. Jeff Fluhr is a general partner in Craft.

Ventures

Craft's first investment was in a series A round for Bird, a scooter sharing company. The firm further invested in a series B round of funding.
Craft's invested in BitGo, other investors included Goldman Sachs, Galaxy Digital Ventures, and Valor Equity Partners. Craft Ventures, in conjunction with Peter Thiel’s Founders Fund, Chamath Palihapitiya and Reddit co-founder Alexis Ohanian invested $28 million into eSports startup Cloud9.
Craft have invested in Harbor, a blockchain company which provides services for firms to tokenize their assets. In October 2018, Craft invested in Wayv, a business to business logistics platform which works in the cannabis industry. Craft have also financed Lumina, Reddit, SpaceX, and talent-outsourcing startup Terminal.