At a Glance
Goat Capital was founded in 2020 by serial entrepreneur Justin Kan, best known for co-founding Twitch and Justin.tv. The fund represents Kan's transition from building companies to backing the next generation of entrepreneurs. Goat Capital focuses on early-stage investments, typically writing checks between $250K to $2M in pre-seed and seed rounds. The firm leverages Kan's extensive network and operational experience in the creator economy, gaming, and consumer technology sectors. Goat Capital is particularly known for backing companies in emerging categories like Web3, creator tools, and next-generation consumer applications. The fund takes a hands-on approach, with Kan personally involved in mentoring founders and providing strategic guidance. What sets Goat Capital apart is its founder-friendly approach and deep understanding of building products that resonate with younger demographics, drawing from Kan's experience building platforms that reached millions of users.
“Early-stage fund investing in innovative technology startups with strong founder-market fit.”
Goat Capital has raised two partnerships, both California limited partnerships filed with the SEC as indefinite offerings. Goat Capital I L.P. filed its Form D on 4 September 2020 with no sales recorded at the time of notice and Goat Capital GP, LLC as the only related person. Goat Capital II L.P. filed on 5 July 2022, again as an indefinite offering, listing Goat Capital II GP, LLC as general partner and Robin Hon Bun Chan as the individual related person. An amendment dated 15 September 2023 reported $25.85 million sold, with a first sale of 8 August 2022. Because both vehicles elected indefinite offering amounts, the filings disclose no target fund size, and Fund I never filed an amendment reporting capital taken in, so the $50 million figure carried on this profile cannot be reconciled to a filing. Both funds list a San Francisco business address.
Goat Capital 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.
Goat Capital is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Goat Capital focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
Goat Capital's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
Goat Capital manages approximately $50M in assets under management (AUM) across their funds.
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