At a Glance
Craft Ventures was founded in 2017 by David Sacks, a prominent member of the PayPal Mafia and former COO of PayPal. The firm leverages Sacks' extensive network and operational expertise from his roles as founder and CEO of Yammer, which sold to Microsoft for $1.2 billion, and as an early investor in companies like Facebook, SpaceX, and Airbnb. Craft Ventures has developed a reputation for its metrics-driven approach to B2B SaaS investments, providing portfolio companies with detailed playbooks for scaling enterprise software businesses. The firm focuses on seed through Series B investments, with particular strength in enterprise software, marketplaces, and AI applications. Under Sacks' leadership, along with partners like Jeff Fluhr and Bryan Rosenblatt, Craft has built a portfolio spanning both enterprise and consumer technology. The firm is known for its hands-on approach, leveraging the team's operational experience to help founders navigate the challenges of building scalable technology companies. Craft's investment philosophy emphasizes finding companies with strong product-market fit and helping them achieve predictable, efficient growth.
“Operator-led firm backing founders building category-defining enterprise and marketplace companies.”
| Fund | Vintage | Size | Status |
|---|---|---|---|
| Craft Ventures Fund III | 2021 | $1.1B | Investing |
| Craft Ventures Fund II | 2019 | $400M | Harvesting |
| Craft Ventures Fund I | 2017 | $350M | Harvesting |
2023
Elon Musk's Twitter/X
Growth2022
Linear
Series A$35MSourcegraph
Series D+$125M2021
Bitpanda
Series B$263M2020
SpaceX
GrowthClickup
Series B$100M2019
Affirm
2018
Bird
Series C$100MCraft Ventures 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.
Craft Ventures is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Craft Ventures focuses on investments in Enterprise, SaaS, Marketplace, AI, Web3. Their portfolio reflects deep expertise and networks within these sectors.
Craft Ventures's typical investment check size ranges from 1000000 to 50000000. Actual amounts may vary based on the stage, sector, and specific opportunity.
Craft Ventures manages approximately $3B+ in assets under management (AUM) across their funds.