At a Glance
Acrew Capital is a San Francisco multi-stage venture firm investing from Seed through Series B across fintech, cybersecurity, and enterprise software, under the banner of defining the future of venture. The firm was founded in 2019 by Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak, most of them out of Aspect Ventures, and had its first vehicles in market by 2020.
Its structural difference is a community of more than 600 operator-investors who back the funds as limited partners and are pulled in for product feedback, customer introductions, and hiring. A second is the Diversify Capital Fund, a growth-stage vehicle writing $5 million to $15 million checks into later-stage technology companies while bringing women and underrepresented investors onto those cap tables.
The portfolio reads as a financial infrastructure and security book: Plaid, Ramp, Mercury, Modern Treasury, Unit, and Hippo Insurance on the fintech side, Vanta in compliance automation, and Figma in design collaboration. This listing records $259 million in assets under management, a figure below what coverage of the firm's 2021 and 2024 closes implies for the full platform.
“Multi-stage investor focusing on fintech and cybersecurity companies, leveraging a 600+ operator community network.”
Acrew was founded in 2019 by five partners, most of them out of Aspect Ventures, and moved into the market quickly. By September 2021 the firm had $680 million across new vehicles, with Cisco among the disclosed backers, split between its core early-stage strategy and the Diversify Capital Fund, a growth vehicle that writes $5 million to $15 million checks and brings women and underrepresented limited partners onto later-stage cap tables.
In October 2024, marking five years in business, Acrew announced a further $700 million, without breaking out how much went to the early-stage strategy versus its discovery and growth vehicles. Public tallies now put the platform at roughly $1.7 billion in assets under management across about 142 portfolio companies, 16 of which have reached unicorn valuations. The $259 million recorded in this listing sits well below those published platform totals and appears to reflect a single vehicle rather than the firm as a whole.
Asad Khaliq
Founding Partner, Acrew Capital
Mark Kraynak
Founding Partner, Acrew Capital
Theresia Gouw
Founding Partner, Acrew Capital
Acrew Capital primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Acrew Capital is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Acrew Capital focuses on investments in Fintech, Cybersecurity. Their portfolio reflects deep expertise and networks within these sectors.
Acrew Capital's typical investment check size ranges from $1M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Acrew Capital manages approximately $259M in assets under management (AUM) across their funds.
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