Velvet Sea Ventures

Velvet Sea Ventures is a venture capital firm based in New York, established in 2019. It specializes in providing capital investments from seed to growth stage, supporting entrepreneurs in various sectors. With a team that boasts over 80 years of combined experience in founding and investing, the firm has invested more than $2.2 billion in notable companies, including Twitter, SpaceX, and Snap Inc. Velvet Sea Ventures combines financial backing with strategic support to help turn entrepreneurial visions into reality. As a Registered Investment Adviser, the firm is committed to fostering innovation and growth in the companies it supports.

Matthew Giampetroni

Co-Founder, Managing Director, Investment Committee Member and Partner

John Giampetroni

Co-Founder, Managing Director, Partner and Investment Committee Member

Kass Lazerow

Co-Founder, Managing Director, Investment Committee Member and Partner

Katherine Rosa

Managing Director, Investment Committee Member and Partner

18 past transactions

eToro

Venture Round in 2023
eToro is a social trading investment network that facilitates financial trading by allowing users to observe and replicate the trading activities of others. Established in 2007 and headquartered in London, the platform aims to democratize access to global markets by providing tools for both manual and automated trading across various asset classes, including traditional investments and cryptocurrencies. Its key features include the OpenBook and WebTrader platforms, which enable users to share live trading insights and learn from one another. eToro's model fosters a collaborative environment where investors can leverage the expertise of their peers while making informed trading decisions. The company also maintains registered offices in Cyprus and Israel, operating as a subsidiary of eToro Group Limited.

Healthie

Series A in 2022
Healthie Inc. operates an online practice management and telehealth platform specifically designed for dietitians and their patients. The Healthie platform streamlines office management, patient records, and virtual care, allowing nutrition professionals to enhance patient connectivity while simplifying scheduling, billing, and other back-office functions. Additionally, Healthie offers a mobile application that allows patients to track their health activities, including diet, exercise, and health metrics, facilitating progress monitoring between appointments. Founded in 2016 and based in Lewes, Delaware, Healthie emphasizes the unique workflow of nutritional care, aiming to make effective and accessible nutritional services available to a broader audience. The platform is HIPAA-compliant and supports nutrition professionals in improving client relationships and growing their practices seamlessly.

Frikly

Seed Round in 2022
Frikly, a one-stop online store for everything a home needs, including furniture, home interior and renovation products. We are, in a sense, what a house needs to be a home. We are redefining the way people shop for their homes by using the technology and developing the tools that make shopping easier. We are setting the trends by allowing our customers to style their spaces with our modern, stylish, yet affordable collection and create a feeling of home regardless of where they are.

Pixel Vault

Series A in 2022
Punks Comic is a media firm dedicated to promoting crypto native assets through the creation of intellectual property in a range of channels.

KarmaCheck

Series A in 2022
KarmaCheck, Inc. specializes in providing both offline and online background screening services for employment purposes. Founded in 2018 and based in San Francisco, the company offers a variety of services, including criminal checks, employment and education verifications, motor vehicle reports, reference checks, and drug testing. Utilizing an AI-driven, tech-first approach, KarmaCheck reimagines traditional background checks by delivering real-time, actionable notifications that expedite hiring decisions. Its mobile-first platform ensures ease of access while maintaining compliance and reliability. By leveraging artificial intelligence and blockchain technology, KarmaCheck enables businesses to conduct comprehensive checks efficiently, resulting in faster turnaround times and improved employee retention.

Elementus

Series A in 2021
Elementus Inc. is a New York-based company that provides an enterprise blockchain data analytics platform tailored for institutional asset managers, financial service organizations, and government agencies. Founded in 2018, the company leverages blockchain's inherent transparency to deliver actionable insights drawn from blockchain activity. Elementus identifies security vulnerabilities, exposes malicious actors, and offers market intelligence to facilitate informed investment decisions in digital assets. By enhancing transparency in the blockchain ecosystem, Elementus aims to foster trust and accountability across the cryptocurrency markets.

nameless

Seed Round in 2021
Nameless is a non-fungible token (NFT) platform as a service software company that empowers businesses, individuals, and digital creators to create, mint, and capitalize on their own custom NFT projects through easy-to-use scalable API solutions.

Autograph

Series A in 2021
Autograph is an NFT platform that connects athletes, artists, and brands with their fans through unique digital collections and experiences. It focuses on creating authentic products and fostering exclusive partnerships that enhance fan engagement in the Web3 environment. The platform offers a streamlined process that allows users to access various rewards, including exclusive content, signed merchandise, and invitations to special events. By bridging the gap between iconic figures in sports, entertainment, and culture and their followers, Autograph aims to redefine the future of fandom and community interaction.

LeoLabs

Series B in 2021
LeoLabs, Inc. operates phased-array radars to track objects in low Earth orbit, providing high-resolution data to enhance space situational awareness. Founded in 2015 and based in Menlo Park, California, the company focuses on the protection of satellites and the management of space debris. Its services include rapid orbit determination, early operational support, and ongoing orbit awareness, which are essential for preventing collisions in this shared and critical resource. LeoLabs serves a diverse clientele, including commercial satellite operators, government regulatory bodies, and space agencies, helping them conduct safe and sustainable operations in space. The company's innovative collision avoidance platform aims to modernize satellite operations and improve the overall stewardship of low Earth orbit.

LeoLabs

Series B in 2021
LeoLabs, Inc. operates phased-array radars to track objects in low Earth orbit, providing high-resolution data to enhance space situational awareness. Founded in 2015 and based in Menlo Park, California, the company focuses on the protection of satellites and the management of space debris. Its services include rapid orbit determination, early operational support, and ongoing orbit awareness, which are essential for preventing collisions in this shared and critical resource. LeoLabs serves a diverse clientele, including commercial satellite operators, government regulatory bodies, and space agencies, helping them conduct safe and sustainable operations in space. The company's innovative collision avoidance platform aims to modernize satellite operations and improve the overall stewardship of low Earth orbit.

SuperRare

Series A in 2021
SuperRare is one of the marketplaces for non-fungible tokens.

Mercato

Venture Round in 2021
Mercato, Inc. operates an online grocery marketplace that connects merchants, artisans, and purveyors with customers to buy food. The company’s marketplace allows customers to order food from merchant’s inventory and have their groceries delivered. It offers its services in Brooklyn and Manhattan. Mercato, Inc. was formerly known as Grocery Marketplace Inc. The company was founded in 2015 and is based in San Diego, California.

Strigo

Series A in 2020
Strigo Ltd is a technology training platform based in Tel Aviv-Yafo, Israel, incorporated in 2017. The company specializes in customer training management by providing a cloud-based virtual classroom platform that facilitates the creation, management, and delivery of hands-on training. Strigo's solution features browser-based training environments equipped with built-in virtual labs, enabling organizations to conduct efficient and effective training sessions for both internal staff and customers. The platform includes a centralized environment for training materials, instructional tools, and live classes, allowing for a mix of lectures and interactive components. Additionally, Strigo offers support from training assistants to monitor student progress, ensuring participants gain a comprehensive understanding of the subject matter through collaborative one-on-one sessions for troubleshooting.

Liquid Death

Series B in 2020
Liquid Death manufactures 100% mountain water from the Australian Alps and served in sustainable cans. The company was founded by an advertising industry outcast and former liquor entrepreneur (Mike Cessario), a heavy metal bartender (Pat Cook), a manufacturing expert and spreadsheet slayer (JR Riggins), and the creator of a famous adult cartoon about a lovable demonic dog (Will Carsola). Recently, they added Science to their team, the startup flamethrower that helped launch Dollar Shave Club. Liquid Death was incorporated in 2017 and is based in Santa Monica, California.

Liquid Death

Series A in 2020
Liquid Death manufactures 100% mountain water from the Australian Alps and served in sustainable cans. The company was founded by an advertising industry outcast and former liquor entrepreneur (Mike Cessario), a heavy metal bartender (Pat Cook), a manufacturing expert and spreadsheet slayer (JR Riggins), and the creator of a famous adult cartoon about a lovable demonic dog (Will Carsola). Recently, they added Science to their team, the startup flamethrower that helped launch Dollar Shave Club. Liquid Death was incorporated in 2017 and is based in Santa Monica, California.

Scopely

Series D in 2019
Scopely, Inc. is a global interactive entertainment company specializing in the development and publishing of mobile games for both casual and core gamers. Founded in 2011 and headquartered in Culver City, California, Scopely offers a diverse portfolio of immersive gaming experiences based on original and popular franchises, including titles such as Star Trek Fleet Command, Looney Tunes World of Mayhem, WWE Champions, and The Walking Dead: Road To Survival. The company is recognized for its innovative approach, having been featured in Fast Company’s ‘World’s Most Innovative Companies’ and ranked among the fastest-growing companies in North America. Scopely has achieved over $1 billion in lifetime revenue by focusing on long-lasting game experiences. It operates globally with studios in various locations, including Los Angeles, Barcelona, Dublin, and Tokyo, and provides services in game design, marketing, analytics, and live operations through its proprietary technology platform.
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