Necessary Ventures

Necessary Ventures, LLC is a San Francisco-based venture capital firm established in 2020 that specializes in growth capital investments. The firm focuses on companies addressing essential needs across various sectors, including healthcare, climate, education, fintech, food, and agriculture. Necessary Ventures primarily invests at the pre-seed stage, participating both as a lead and non-lead investor. Additionally, the firm engages in investments from seed to pre-IPO stages. By collaborating with innovative founders, Necessary Ventures aims to support scalable solutions that contribute positively to society.

Neil Devani

Founder and Managing Partner

Nikita Gaurav

Venture Partner

11 past transactions

Zocalo Health

Seed Round in 2022
Developer of a health-tech platform designed to improve the experience of accessing healthcare services and social benefits for the Latino population. The company's platform offers same-day or next-day video appointments with bilingual doctors who understand Latino culture, enabling patients to receive affordable and culturally competent healthcare from the comfort of their homes.

Forage

Series A in 2022
Forage is a third-party payment processor and PIN provider that specializes in authenticating and processing Electronic Benefit Transfer (EBT) transactions. The company facilitates the acceptance of SNAP EBT payments online for grocers, streamlining the process by guiding retailers through the USDA application and technological integration. By doing so, Forage alleviates the burden on merchants while promoting equitable access to government benefits, particularly for underserved populations. The platform collaborates with various grocery chains and e-commerce platforms, such as Shopify and Flashfood, to enhance the accessibility of SNAP EBT payments, thereby enabling greater digital access to essential resources.

Relief

Series A in 2022
Developer of a mobile application designed to make financial relief accessible through debt-elimination commitment. The company's platform automates the credit-card debt collection process for users, negotiating with lenders and collectors to settle outstanding balances on their behalf, enabling customers to settle multiple debts with lenders at once.

Rubi Laboratories

Seed Round in 2022
Rubi Laboratories develops technology that manufactures carbon-negative textile. It uses sustainable solutions to turn carbon emission into natural fibers. Rubi Laboratories is based in California, USA.

Career Karma

Series B in 2022
Career Karma, Inc. is a company that provides an application designed to help individuals discover coding courses and bootcamps. The platform enables users to browse a wide range of programs in areas such as web development, software engineering, data science, cybersecurity, and more. By offering free coaching and peer mentorship, Career Karma supports over 150,000 members in navigating their career transitions. The application features a directory of approximately 9,000 bootcamps and trade schools, allowing users to compare courses and read student reviews to find the best fit for their needs. Additionally, the mobile app facilitates connections with current students and alumni, further assisting users in preparing for admission and achieving their career goals. Founded in 2018 and based in San Francisco, California, Career Karma aims to empower individuals from diverse backgrounds to enhance their skills and advance their careers in technology.

Yummy

Seed Round in 2021
Yummy Inc. develops and offers Yummy, food delivery application. The company was founded in 2020 and is based in San Francisco, California with additional office in Caracas, Venezuela.

Advekit

Seed Round in 2021
Advekit, LLC operates an online platform designed to facilitate the connection between patients and mental health professionals. Established in 2017 and based in Venice, California, the platform utilizes users' zip codes, preferences, and insurance details to match them with suitable therapists. By streamlining the search process, Advekit enhances access to quality mental health treatment and allows individuals to better leverage their insurance benefits. Additionally, the platform offers a sliding-scale fee structure, accommodating users based on their financial capabilities. This approach empowers patients by simplifying the often complex journey of finding appropriate mental health support tailored to their needs.

Yummy

Seed Round in 2021
Yummy Inc. develops and offers Yummy, food delivery application. The company was founded in 2020 and is based in San Francisco, California with additional office in Caracas, Venezuela.

ReturnSafe

Pre Seed Round in 2020
ReturnSafe Inc. is a BioSecurity company based in Austin, Texas, established in 2020. It specializes in providing solutions aimed at enhancing workplace safety by offering services such as screening, contact tracing, testing management, and vaccine status management. ReturnSafe's offerings include daily symptom screening, contact tracing methods, and vaccine management integrations. The company caters to various sectors, including general business, higher education, long-term care, manufacturing, and travel and hospitality. Founded by Tarun Nimmagadda and Jason Story, ReturnSafe aims to help organizations prevent viral outbreaks, particularly in the context of Covid-19, thereby ensuring a safer environment for employees and visitors.

Decent

Series A in 2020
Decent Inc. is a healthcare insurance provider based in Mill Valley, California, founded in 2018. The company specializes in offering health and medical insurance plans tailored for self-employed professionals, notably the Trailblazer Plan, which is designed to meet the unique needs of freelance workers. Decent aims to make healthcare more affordable by aligning incentives to enhance health outcomes and lower costs. Utilizing innovative technologies such as cryptocurrency and blockchain, Decent's platform facilitates access to a range of insurance options while partnering with a network of healthcare providers, including doctors, hospitals, and specialists. This approach places members at the center of their care, promoting better health management and financial savings.

EnsoData

Series A in 2020
EnsoData is a healthcare technology startup that leverages artificial intelligence to enhance the diagnosis and treatment of sleep disorders. Its software employs advanced machine learning algorithms to analyze sleep data, enabling clinicians to efficiently score and diagnose conditions such as sleep apnea. By integrating best practices in scoring with innovative algorithms, EnsoData's platform automates the interpretation of complex sleep study data, significantly reducing review times for neurology labs. This efficiency not only streamlines the scoring process but also enhances patient outcomes and increases revenue for healthcare providers.
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