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

Past deals in Colorado

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

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.

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.

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.

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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