Initialized Capital


Initialized Capital is a venture capital fund founded in 2011 and headquartered in San Francisco. It was founded by Alexis Ohanian and Garry Tan.
As of 2019, it has raised more than $500 million in funds. Multiple investments have become "unicorns" valued above $1 billion, including Coinbase and Instacart.

History

Initialized raised $7 million in its first fund. In February 2012, it filed its Form D notice of exempt offering of securities. It raised $39 million in its second fund on August 2013.
In 2013, Initialized Capital became an early investor in Coinbase, wiring the cryptocurrency app's founder Brian Armstrong $200,000. Garry Tan left Y Combinator in 2015 to focus on Initialized full time.
On June 7, 2016 the firm announced a $100M target for its third fund and then closed $125 million.
In late 2018, it raised a $225 million fund, the company's fourth and largest.

Investments

Its investments include 7 Cups, Airware, Algolia, Athelas, Boosted, Codecademy, Coinbase, Color Genomics, Cruise, Flexport, Genius, Instacart, Landed, LeadGenius, LendUp, Maker's Row, The Mom Project, Papa, ParkWhiz, Patreon, Plangrid, Plate IQ, Polychain Capital, Rescale, Shoptiques, Soylent, Standard Cognition, Streak, Survata, True Link Financial, Truepill, Vicarious, Zenefits and Zentail.

Recognition

In 2018, Garry Tan was listed at #21 on the Forbes Midas List.