Velvet Sea Ventures

Velvet Sea Ventures is a New York-based venture capital firm founded in 2019, specializing in seed-to-growth stage investments across various sectors. With a team that boasts over 80 years of combined experience as founders and investors, the firm has invested more than $2.2 billion to support entrepreneurs in realizing their visions. Velvet Sea Ventures not only provides capital but also offers strategic guidance to enhance the growth potential of its portfolio companies. Notable past investments include well-known companies in the tech sector, showcasing the firm's expertise and commitment to fostering innovation.

John Giampetroni

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

Matthew Giampetroni

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

Kass Lazerow

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

Katherine Rosa

Managing Director, Investment Committee Member and Partner

26 past transactions

Healthie

Series B in 2024
Healthie Inc. operates an online practice management and telehealth platform specifically designed for dietitians and their patients. Founded in 2016 and based in Lewes, Delaware, the Healthie platform streamlines office management, patient records, and virtual care solutions, facilitating better connections between nutrition professionals and their clients. It simplifies essential functions such as scheduling, billing, and back-office operations. Additionally, Healthie offers an integrated mobile application that allows patients to track their health activities, including food intake and workouts, enabling them to monitor their progress between appointments. The platform is also designed to support a variety of healthcare sectors, including behavioral health and women's health, ensuring compliance with health regulations. Healthie's infrastructure empowers healthcare providers to deliver comprehensive care and enhance client relationships, ultimately supporting the growth of their practices.

KarmaCheck

Series B in 2024
KarmaCheck, Inc., founded in 2018 and based in San Francisco, California, specializes in providing technology-driven background screening services for employment purposes. The company offers a comprehensive suite of services, including criminal checks, employment and education verifications, motor vehicle reports, reference checks, and drug testing. Utilizing an API-first platform, KarmaCheck ensures a mobile-friendly experience for candidates, facilitating rapid and accurate background checks. The integration of artificial intelligence and blockchain technology allows for real-time processing, enabling businesses to streamline their hiring processes, achieve faster turnaround times, and improve employee retention.

Gynger

Series A in 2024
Gynger is a pioneering payments platform designed specifically for technology purchases, integrating embedded financing solutions to transform the buying and selling process. The company offers a sales acceleration platform that enhances deal closure by providing tailored financing options to pre-qualified leads. Gynger's system underwrites, approves, and issues loans with flexible payment terms, including easy monthly installment options. By combining software management with financial services, Gynger enables businesses to optimize their sales processes and manage credit more effectively, thereby improving cash flow and facilitating technology acquisitions.

LeoLabs

Venture Round in 2024
LeoLabs Inc., established in 2015 and based in Menlo Park, California, specializes in providing high-resolution data on objects in low Earth orbit through its phased-array radars. The company offers foundational mapping data and services, including rapid orbit determination, early operational support, and ongoing conjunction awareness, to mitigate collision risks for commercial satellite operators, government agencies, and satellite management services. Its innovative platform, LeoLabs Collision Avoidance, automates and modernizes satellite operations, serving as a basis for new generations of space situational awareness (SSA) and traffic safety services.

Splash Sports

Series A in 2024
Splash Sports is a real-money gaming platform that modernizes the sports pool industry by enabling friends and groups to engage in skill-based activities. Currently in private beta, the platform provides a safe and legal environment for contest organizers to run peer-to-peer contests. It offers essential content and community management tools, along with an integrated payment system that simplifies the process of collecting entry fees and distributing winnings. By focusing on skill-based competitions, Splash Sports presents a compelling alternative to traditional betting options, enhancing the gaming experience while allowing users the opportunity to earn money.

Tribble

Pre Seed Round in 2023
Tribble is a technology company that specializes in developing autonomous agents for businesses. These agents integrate with existing systems, learn from company data, and perform actions within the tools already in use. The company's cloud-based platform aims to automate repetitive tasks, streamline business processes, and manage customer relationships, thereby reducing manual effort and enabling clients to focus on core business activities to drive growth and revenue.

eToro

Venture Round in 2023
eToro is a global multi-asset investment platform founded in 2007, based in London. It empowers individuals to grow their knowledge and wealth by providing a social trading network that allows users to trade various assets including currencies, commodities, indices, crypto assets, and stocks. eToro's platform enables users to manually invest in different asset classes or automatically copy the trades of other successful traders within its community of over 23 million registered users. The company operates as a subsidiary of eToro Group Limited.

Frame AI (acquired by HubSpot)

Series B in 2022
Frame Technology, Inc. develops a SaaS solution that enables companies to gain real-time insights from customer interactions across various communication channels. The company's platform, known as Frame, acts as an early warning system by identifying prioritized customer feedback, key themes, and team behaviors that require attention, ultimately enhancing the customer experience and reducing churn. Additionally, Frame facilitates the collection, unification, and analysis of chat and email content, thereby supporting improvements in sales, service, and customer retention. Founded in 2016 and headquartered in New York, Frame Technology also has offices in Singapore, reflecting its commitment to enhancing business communications through structured analytics that inform decision-making and optimize performance in message-based interactions.

Xona Space Systems

Venture Round in 2022
Xona Space Systems, Inc. is a company focused on developing and manufacturing position, navigation, and timing (PNT) satellite solutions. Established in 2019 and headquartered in San Mateo, California, the company is creating a constellation of low-cost, low-Earth orbit satellites designed to enhance navigation services for a variety of sectors, including smart transportation and infrastructure. Xona's flagship product, the Xona Pulsar, delivers high-power signals to support applications such as autonomous vehicles, unmanned aerial vehicles, and mobile robotics. The constellation aims to provide secure, resilient, and precise navigation and timing services essential for the safe and scalable operation of modern intelligent systems.

Healthie

Series A in 2022
Healthie Inc. operates an online practice management and telehealth platform specifically designed for dietitians and their patients. Founded in 2016 and based in Lewes, Delaware, the Healthie platform streamlines office management, patient records, and virtual care solutions, facilitating better connections between nutrition professionals and their clients. It simplifies essential functions such as scheduling, billing, and back-office operations. Additionally, Healthie offers an integrated mobile application that allows patients to track their health activities, including food intake and workouts, enabling them to monitor their progress between appointments. The platform is also designed to support a variety of healthcare sectors, including behavioral health and women's health, ensuring compliance with health regulations. Healthie's infrastructure empowers healthcare providers to deliver comprehensive care and enhance client relationships, ultimately supporting the growth of their practices.

SuperNFT

Series A in 2022
SuperNFT is the developer of virtual event platform intended to organize decentralized music festivals and events.

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
Pixel Vault is a media firm established in 2021 that focuses on promoting crypto-native assets by creating intellectual property across various channels. It operates as a non-fungible token (NFT)-based platform that decentralizes entertainment content creation, enabling artists, creators, and collectors to own and engage with digital content through NFTs. The company also features a metaverse governed by a community of fans who hold membership tokens, thereby fostering a collaborative environment for buying and selling content. This innovative approach positions Pixel Vault at the intersection of NFTs, decentralized finance, and gaming, emphasizing community involvement in the digital content ecosystem.

KarmaCheck

Series A in 2022
KarmaCheck, Inc., founded in 2018 and based in San Francisco, California, specializes in providing technology-driven background screening services for employment purposes. The company offers a comprehensive suite of services, including criminal checks, employment and education verifications, motor vehicle reports, reference checks, and drug testing. Utilizing an API-first platform, KarmaCheck ensures a mobile-friendly experience for candidates, facilitating rapid and accurate background checks. The integration of artificial intelligence and blockchain technology allows for real-time processing, enabling businesses to streamline their hiring processes, achieve faster turnaround times, and improve employee retention.

nameless

Seed Round in 2021
StealthTest provides a comprehensive sandbox for battle-testing Web3 experiences within private, secure and isolated testing environments.

Elementus

Series A in 2021
Elementus Inc., established in New York in 2017, specializes in blockchain data analytics. It offers an enterprise platform designed for institutional asset managers, financial service providers, and government agencies. The company combines proprietary data with patented algorithms to deliver unique insights into cryptocurrency markets, enabling clients to make informed decisions and enhance transparency within the blockchain ecosystem.

Autograph

Series A in 2021
Autograph is a technology company that creates a platform for fans to engage with sports, entertainment, and cultural content through personalized digital experiences. It aggregates multimedia content, including podcasts, blogs, videos, and social media posts, tailored to users' favorite teams and creators. In addition to providing this content, Autograph offers digital collectibles and curated experiences in partnership with athletes, entertainers, and brands. The platform also focuses on non-fungible tokens that connect athletes, artists, and brands more closely with their communities. These unique digital collections not only provide access to engaging content but also unlock rewards such as signed merchandise and exclusive event invitations, thereby enhancing the connection between fans and their favorite public figures.

LeoLabs

Series B in 2021
LeoLabs Inc., established in 2015 and based in Menlo Park, California, specializes in providing high-resolution data on objects in low Earth orbit through its phased-array radars. The company offers foundational mapping data and services, including rapid orbit determination, early operational support, and ongoing conjunction awareness, to mitigate collision risks for commercial satellite operators, government agencies, and satellite management services. Its innovative platform, LeoLabs Collision Avoidance, automates and modernizes satellite operations, serving as a basis for new generations of space situational awareness (SSA) and traffic safety services.

SuperRare Labs

Series A in 2021
SuperRare Labs operates an online digital art marketplace that specializes in non-fungible tokens (NFTs). The platform provides artists with the tools to issue limited-edition digital artworks, which are tokenized as unique crypto-collectible items. This enables collectors to buy, own, and trade single-edition pieces of art directly from the original creators. By facilitating this process, SuperRare Labs connects artists with collectors, promoting the acquisition and exchange of digital art in a secure and innovative manner.

Mercato

Venture Round in 2021
Mercato is an online grocery marketplace that connects local specialty food shops with consumers, allowing customers to order fresh groceries online for delivery. The company's platform enables users to purchase items from a single store or combine products from multiple merchants in one order. Mercato operates primarily in Brooklyn and Manhattan, providing a convenient way for customers to access their preferred local groceries. Founded in 2015, the company is headquartered in San Diego, California.

Strigo

Series A in 2020
Strigo Ltd is a customer training management company that specializes in providing a cloud-based virtual classroom training platform. Established in 2017 and based in Tel Aviv-Yafo, Israel, Strigo enables organizations to create, manage, and deliver hands-on training programs for both internal staff and external customers. The platform features browser-based training environments equipped with built-in virtual labs, facilitating efficient and manageable training sessions. It offers a centralized setting that includes training materials, lecturing tools, and communication features, alongside live classes and support from training assistants to monitor student progress. This comprehensive approach allows participants to gain in-depth knowledge and practical experience, enhancing their understanding of various subjects while providing opportunities for collaborative troubleshooting.

Liquid Death

Series B in 2020
Liquid Death is a rapidly growing beverage company that specializes in canned mountain water. It offers both still and sparkling varieties, enhanced with natural electrolytes and minerals, all packaged in infinitely recyclable aluminum cans. This innovative approach not only promotes a healthier alternative to sugary drinks and energy beverages but also addresses environmental concerns by discouraging the use of plastic bottles. The company is committed to sustainability, donating 10% of its profits to nonprofits dedicated to reducing plastic pollution and providing clean drinking water to underserved communities. Through its bold branding and humorous marketing, Liquid Death aims to compete with traditional beverage brands while promoting health and environmental responsibility.

Liquid Death

Series A in 2020
Liquid Death is a rapidly growing beverage company that specializes in canned mountain water. It offers both still and sparkling varieties, enhanced with natural electrolytes and minerals, all packaged in infinitely recyclable aluminum cans. This innovative approach not only promotes a healthier alternative to sugary drinks and energy beverages but also addresses environmental concerns by discouraging the use of plastic bottles. The company is committed to sustainability, donating 10% of its profits to nonprofits dedicated to reducing plastic pollution and providing clean drinking water to underserved communities. Through its bold branding and humorous marketing, Liquid Death aims to compete with traditional beverage brands while promoting health and environmental responsibility.

Scopely

Series D in 2019
Scopely, Inc., established in 2011 and headquartered in Culver City, California, is a leading developer of mobile and tablet touchscreen-based games for casual and core gamers worldwide. The company creates, publishes, and live-operates immersive games, including popular franchises like "Star Trek™ Fleet Command," "MARVEL Strike Force," and "Stumble Guys." Scopely offers a range of services, such as game design, live operations, marketing, analytics, and advertising, empowering a consumer-directed gaming experience. With a diverse portfolio and a proprietary technology platform, Playgami™, Scopely has operations in multiple markets across Asia-Pacific, EMEA, and North America, employing a world-class team to create long-lasting game experiences.
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