GTMFund
UnclaimedAt a Glance
- Check Size
- $100K – $1M
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $50M
- Sectors
- Enterprise
- Founded
- 2020
- HQ
- San Francisco, CA
About GTMFund
GTMfund is a venture capital firm based in San Francisco, California, founded in 2020 by Max Altschuler. It invests from pre-seed through Series B and beyond in B2B companies with strong go-to-market strategies and sales-driven growth models, and its portfolio includes Outreach, Gong, Chargebee and PandaDoc.
The firm's structure is its strategy. Rather than raise from institutions, GTMfund assembled a limited partner base of more than 350 operating revenue leaders, the chief revenue officers, chief marketing officers and heads of sales at companies including Procore, Gong, Carta, Xero, New Relic and Tableau, and treats that network as the fund's real asset. Portfolio companies get diligence from people who have run the exact function they are selling into, plus warm access to enterprise buyers. The firm says it is backed by 50-plus operators and trusted by more than 200 companies.
Its current positioning is that the next generation of category leaders will win on distribution rather than product alone, and it has moved upmarket to lead at Series A while continuing to write earlier checks. Recent activity spans AI infrastructure, agentic workflow automation, compliance and trust management, vertical software for restaurants and sports operations, and computer vision for road safety, frequently alongside Sequoia Capital, Andreessen Horowitz, Benchmark, Redpoint and Khosla Ventures, with exits to Salesforce, Trimble and Braze.
GTMfund also runs a media arm, GTMnow, spanning a newsletter and a podcast, which doubles as deal sourcing and limited partner recruitment. SEC filings put real capital behind the strategy: an $85 million Fund III and a $25 million opportunities fund both launched in 2026, on top of a $60 million Fund II from 2023.
Investment Thesis
“Invests in B2B companies with strong go-to-market strategies and sales-driven growth models.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- GTMfund has raised three flagship vehicles plus a dedicated opportunities fund, each paired with a qualified-purchaser feeder.
- The firm began with small tranches administered by Belltower Fund Group: GTMfund QP, LP - B1 sold $1,960,750 against a $2,460,750 offering on a first sale of January 2, 2022, and the B2 tranche sold $2,364,910.
- GTMfund II, LP launched a $60 million offering in February 2023 on a January 19, 2023 first sale, reporting $10,306,000 sold at filing and $27,260,000 by the February 2024 amendment.
- GTMfund III, LP stepped the target up to $85 million with a first sale of January 26, 2026, reporting $8,458,437 sold in February 2026 and $20,907,862 by the April 2026 amendment.
- Filed alongside it, GTMfund Opportunities Fund I, LP seeks $25 million for follow-on concentration and had sold $4,846,637 by April 2026.
- GTMfund II GP LLC and GTMfund III GP LLC serve as general partners, with Max Altschuler named as executive officer on every flagship filing.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
GTMFund filed a Form D for 1 fund vehicle between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| GTMfund III, LP | 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 GTMFund 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.
Team (1)
Frequently Asked Questions
What stage does GTMFund invest at?
GTMFund 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 GTMFund located?
GTMFund 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 GTMFund focus on?
GTMFund focuses on investments in Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
What is GTMFund's typical check size?
GTMFund's typical investment check size ranges from $100K to $1M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does GTMFund have under management?
GTMFund manages approximately $50M in assets under management (AUM) across their funds.
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