Audacious Ventures
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- Sectors
- Climate, Digital Health, Deeptech
- Founded
- 2020
- HQ
- San Francisco, CA
About Audacious Ventures
Audacious Ventures is an early-stage venture capital firm whose stated mission is seeking those capable of improbable outcomes. It invests from pre-seed and seed through Series A and Series B and beyond in companies building transformative technologies, and it was established by Nakul Mandan, who raised its first fund in 2020 and files from San Francisco.
The firm's operating premise is unusually narrow and it says so openly: results come from the intersection of exceptional teams and very large markets, there are very few exceptional people, and the most consequential decision a fund makes is which management teams it chooses to back. From there it commits to move the needle in exactly three ways and then get out of the way. It recruits, helping portfolio companies build out extraordinary teams. It converts direct selling by the management team into a repeatable, scalable go-to-market engine. And it removes capital as a constraint.
That model shows up in the staffing more clearly than in any deck. Four of the firm's twelve people work on talent, led by talent partner Samantha Price, against three investment professionals plus Mandan and partner Muzzammil Zaveri. A chief financial officer and an AI lead round out the bench.
Investment Thesis
“Invests in early-stage companies building transformative technologies across climate, health, and frontier tech sectors.”
Leadership Team
Nakul Mandan is founder and partner, and the only individual named on either fund's Form D. Muzzammil Zaveri is a partner. The distinctive feature of the bench is how much of it is recruiting rather than investing: Samantha Price is talent partner, with Caitlin Byrnes, Catherine McClure, Julia de Petra and Yousuf Shehadi also on talent, four of a twelve-person team.
That staffing follows directly from the stated model. Audacious commits to move the needle in exactly three ways and then get out of the way: recruit an exceptional team, move the company from direct selling by the management team to a repeatable and scalable go-to-market engine, and remove capital as a constraint. Will Genesen, Max Zang and Francesca Gnuva are investors, Jatin Garg is AI lead and Jaime Felix is chief financial officer.
Sector Focus
Investment Stage
Fund History
Audacious Ventures has raised two flagship funds, both fully subscribed and both filed from San Francisco. Audacious Ventures, L.P. was formed in 2020, filed an $88.5 million offering and sold the full $88.5 million, with a first sale on 3 August 2020 and Nakul Mandan as director. Audacious Ventures II, L.P. was formed in 2023, filed a $151 million offering and sold the full $151 million, with a first sale on 8 December 2023 and Mandan as executive officer. Both run through Audacious Management Company, LLC with fund-specific general partners.
Around the flagships sit a widening set of concentration and co-investment vehicles: Audacious MV I, L.P. from 2022, Audacious Capital SPV I LLC from 2023, Audacious Affiliates II, L.P. from 2023, Audacious Ventures RAI, L.P. from 2025, and Audacious D II and W II, both 2025. That is $239.5 million in disclosed flagship commitments across two vintages, with the first close in 2020 and no earlier vehicle on file.
SEC Fund Filings
- Vehicles filed, last 24 months
- 4
- Latest filing
Audacious Ventures filed a Form D for 4 fund vehicles between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Audacious B II, L.P. | SEC Form D, filed |
| Audacious W II, L.P. | SEC Form D, filed |
| Audacious D II, L.P. | SEC Form D, filed |
| Audacious Ventures RAI, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Audacious Ventures by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Frequently Asked Questions
What stage does Audacious Ventures invest at?
Audacious Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Audacious Ventures located?
Audacious Ventures is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Audacious Ventures focus on?
Audacious Ventures focuses on investments in Climate, Digital Health, Deeptech. Their portfolio reflects deep expertise and networks within these sectors.
What is Audacious Ventures's typical check size?
Audacious Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
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