Caruso Ventures

Caruso Ventures is a Boulder, Colorado-based venture capital firm founded in 2020 that invests in tech-enabled companies led by effective CEOs. It leverages scale-up experience to support the growth of the next generation of tech leaders. The firm is industry agnostic and focuses primarily on Colorado opportunities, where it may lead or participate as a follower. It structures investments through Special Purpose Vehicles to enable participation by other investors in select deals. Typical initial investments range from $500,000 to $1,000,000 at the early revenue ramp stage, with a likelihood of follow-on investments.

Rachel Anderson

Associate, Direct Investments

24 past transactions

Vescent Photonics

Seed Round in 2024
Vescent develops and manufactures novel electro-optic and laser technologies. We offer frequency-stabilized diode laser systems, precision control electronics, accessory electro-optic modules, and mode-locked lasers and frequency combs. Our scientists and engineers are continuously developing cutting-edge solutions to technical challenges. HQ: 14998 W 6th Ave, Suite 700, Golden, CO 80401

Maybell Quantum Industries

Series A in 2024
Maybell Quantum Industries specializes in manufacturing hardware essential for advancing quantum computing technology. The company focuses on producing dilution refrigerators, which are critical for enabling quantum experiments by maintaining extremely low temperatures. Maybell aims to provide accessible, reliable, and affordable solutions that facilitate research in quantum computing, thereby supporting the scientific community in addressing significant challenges such as disease treatment and climate change. Additionally, the company is committed to developing a skilled workforce and a robust supply chain to further drive innovation and experimentation within the quantum sector.

Pippin Title

Seed Round in 2023
Pippin Title offers a cloud-based software for efficient management of title search workflows across all U.S. states. Its AI-enabled platform streamlines the process for various sectors, including green energy and financial institutions, providing reliable title documents to facilitate timely transactions.

Guest House

Venture Round in 2023
Guest House operates a home staging and home furnishing marketplace that combines design, sourcing, installation, and photography to simplify real estate presentations. The platform connects real interior designers with brands and local makers to curate furnishings and decor, deliver them to staged properties, and provide in-person installations and free listing photography within about one week. In staged properties, buyers can scan a QR code to purchase items directly, from individual pieces to an entire room, enabling immediate shopping from the staged environment. The service automates tasks for agents and sellers by offering curated inventories, instant quotes, real-time project tracking, and coordinated delivery to reduce vendor management and coordination.

Agile Space Industries

Seed Round in 2023
Agile Space Industries designs, builds, and tests in-space propulsion systems for satellites and spacecraft, using 3D metal alloy printing. It manufactures and tests new engine designs at a dedicated propulsion test facility in Durango, Colorado. The company offers storable monopropellant and bipropellant thrusters, propulsion systems for space-vehicle form factors, and mission-optimized interfaces for launch vehicles, spacecraft, and payloads. It provides diagnostic testing services spanning atmospheric, altitude, and vacuum environments, along with component, integrated module, system, and vehicle testing, plus rapid propulsion development and diagnostic propulsion testing, including altitude- and vacuum-system conditioning and high-resolution pressure and flow measurements. With more than a decade of rocket engine testing experience in defense, civil, and commercial programs, Agile Space Industries has collaborated with partners including SpaceX, NASA, and Rocketdyne.

Vitro3D

Seed Round in 2022
Vitro3D specializes in advanced volumetric 3D printing solutions. It combines innovative hardware, software, and material formulations to enable high-resolution production of parts with a broader range of material properties, requiring minimal post-processing.

VUZ

Series B in 2022
VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.

Mindful Care

Series B in 2022
Mindful Care is a mental health provider delivering same-day access to urgent psychiatry and therapy services for insured and cash-paying patients, including Medicare and Medicaid. The company offers in-person and virtual care for conditions such as anxiety, depression, and substance use, supported by a streamlined pre-screening, assessment, and evaluation process. Founded in 2018 by Tamir Aldad and based in West Hempstead, New York, Mindful Care uses technology to reduce wait times and connect patients with qualified mental health providers quickly, addressing gaps in timely care.

SweepSouth

Series B in 2022
SweepSouth is an online platform that connects homeowners with vetted service professionals for various home maintenance tasks. With over seven thousand providers and thousands of satisfied customers across four countries, the company aims to modernize home services using technology.

Toters

Series B in 2022
Toters operates a marketplace that connects customers with retailers, utilizing a network of couriers to deliver products from any store within a city. The company's application allows users to order food, groceries, and other items from local restaurants and stores, providing a convenient way to shop from preferred locations while tracking deliveries in real-time. Additionally, Toters operates dark grocery stores under the brand Toters Fresh, maintaining a leadership position across all verticals and markets it serves.

Honest Jobs

Seed Round in 2022
Founded in 2018, Honest Jobs is a platform dedicated to helping individuals with criminal records secure fair-chance employment opportunities. Operating primarily in Columbus, Ohio, the company aims to connect these individuals with employers who value their skills and potential.

Language I/O

Series A in 2022
Language I/O develops software that enables customer support teams to communicate with customers in any language. The platform combines human and machine translation to automatically translate support content—including questions, emails, chats, articles, and social media interactions—across 150 languages. It offers a machine translation optimizer that handles complex user‑generated text such as jargon, slang, abbreviations, and misspellings. The solution integrates seamlessly with major customer relationship management systems and provides an API for custom deployments. Support agents can choose to use professional linguists, the optimizer, or a hybrid approach, allowing monolingual agents to engage customers in real‑time conversations in multiple languages.

Chamba

Pre Seed Round in 2021
Web and mobile based platform that provides farms and producers with the on-demand labor they need.

Pipeline Equity

Venture Round in 2021
Pipeline Equity is a software company that uses artificial intelligence to assess, address, and act against gender bias in organizations, with the aim of improving financial performance. Its SaaS platform connects gender equity with outcomes through modules such as Pipeline Dashboard, Pipeline Score, and Pipeline Forecast, which provide actionable recommendations, visibility into commitments to eradicating bias, and timelines for investments and expected returns. Founded in 2017 and based in Denver, Colorado, the company helps organizations identify unconscious bias, drive better business results, and influence company culture by turning equity insights into concrete actions.

Arryved

Venture Round in 2021
Arryved, Inc. is a software company based in Boulder, Colorado, founded in 2015. It specializes in developing a comprehensive point-of-service (POS) solution tailored for the food and beverage industry. The Arryved POS ecosystem includes a mobile, customizable tablet-based system that enhances guest experiences through features such as online ordering, mobile ordering, and a mobile payment application. Additionally, the software offers a robust data reporting system, a loyalty and engagement program, and labor management tools. By automating various operational processes, Arryved enables food and beverage establishments to optimize their revenue and improve customer service.

Boom Supersonic

Venture Round in 2021
Boom Supersonic manufactures commercial supersonic airliners with a capacity of 65-88 seats. Its flagship product, Overture, is designed to fly at Mach-2.2, revolutionizing long-distance travel by saving time and costs.

ColdQuanta

Convertible Note in 2021
ColdQuanta, Inc. designs and builds quantum technology instruments and systems, including glass cells, cold atom systems, ultra-cold atom systems, and related accessories, as well as electronic products such as atom chip drivers, instrument control systems, coil drivers, direct digital synthesizers, and Z coil drivers. The company serves commercial and defense sectors, national laboratories, and major universities. Founded in 2007, it is headquartered in Boulder, Colorado, with offices in Madison, Wisconsin, and Oxford, United Kingdom.

Firefly

Series B in 2021
Firefly Systems Inc., founded in 2017 and based in San Francisco, California, specializes in street-level digital media through its innovative advertising platform. The company installs digital displays on rideshare vehicles and taxis, creating a unique out-of-home advertising network that leverages location-based technology and first-party data for precise audience targeting. Firefly's system enables the delivery of engaging, full-screen advertisements that are responsive to the surrounding environment, allowing brands to amplify their marketing efforts in real-time. By utilizing 4G and LTE cellular transmission, Firefly connects clients with flexible advertising solutions while providing measurable insights on campaign effectiveness and audience engagement.

Honest Jobs

Pre Seed Round in 2021
Founded in 2018, Honest Jobs is a platform dedicated to helping individuals with criminal records secure fair-chance employment opportunities. Operating primarily in Columbus, Ohio, the company aims to connect these individuals with employers who value their skills and potential.

ColdQuanta

Series A in 2020
ColdQuanta, Inc. designs and builds quantum technology instruments and systems, including glass cells, cold atom systems, ultra-cold atom systems, and related accessories, as well as electronic products such as atom chip drivers, instrument control systems, coil drivers, direct digital synthesizers, and Z coil drivers. The company serves commercial and defense sectors, national laboratories, and major universities. Founded in 2007, it is headquartered in Boulder, Colorado, with offices in Madison, Wisconsin, and Oxford, United Kingdom.

Spark Grills

Convertible Note in 2020
Spark Grills Inc. is a company that develops, manufactures, and sells innovative backyard charcoal grills. Established in 2017 and based in Boulder, Colorado, Spark Grills offers a unique grilling experience through its proprietary wood and charcoal Briq system, which enables quick ignition and easy clean-up. The grills are designed for both grilling enthusiasts and home chefs, providing oven-like temperature control that allows for precise culinary creativity. Additionally, Spark Grills incorporates a social impact initiative aimed at reducing open air pollution, enhancing its commitment to sustainability. The company's products are available for purchase online, making them accessible to a wide range of consumers.

Firefly

Series A in 2020
Firefly Systems Inc., founded in 2017 and based in San Francisco, California, specializes in street-level digital media through its innovative advertising platform. The company installs digital displays on rideshare vehicles and taxis, creating a unique out-of-home advertising network that leverages location-based technology and first-party data for precise audience targeting. Firefly's system enables the delivery of engaging, full-screen advertisements that are responsive to the surrounding environment, allowing brands to amplify their marketing efforts in real-time. By utilizing 4G and LTE cellular transmission, Firefly connects clients with flexible advertising solutions while providing measurable insights on campaign effectiveness and audience engagement.

Grownetics

Seed Round in 2016
Grownetics is a company that develops integrated software and hardware tools for controlled environment agriculture, combining sensors, automation, and machine learning to manage and optimize cultivation. Its platform supports farm management, environment mapping, and automation to help growers, farmers, and botanists cultivate crops, food, and medicines more efficiently, with features such as 3D microclimate mapping, remote management, individual plant tracking, and task management. Founded in 2015 and based in Boulder, Colorado.

Bolder Surgical

Private Equity Round in 2015
Bolder Surgical, founded in 2010 and headquartered in Boulder, Colorado, specializes in the development of precision surgical instruments designed for pediatric surgery. The company focuses on creating right-sized devices that enhance surgical access to delicate and confined anatomical structures, thereby improving procedural approaches and minimizing incisions. By catering specifically to the needs of pediatric surgeons, Bolder Surgical aims to facilitate safe and effective minimally invasive surgeries for patients ranging from neonates to teenagers. Through its innovative product offerings, the company seeks to advance surgical techniques beyond the capabilities of traditional instruments.
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