Somersault Ventures, a venture capital firm focused on early-stage technology companies, has announced it has raised $20.0 million in investment capital from investors. This significant funding round provides the firm with substantial resources to expand its investment activities.
Somersault Ventures specializes in investing in next-generation Software and Marketplaces at the Seed and Series A stages. The firm targets businesses with the potential to become enduring category leaders or monopolies, often within niche or overlooked verticals and functions. Operating as a remote-first team with presences in Dubai, London, and San Francisco, Somersault Ventures invests across North America and Europe. Its team, with backgrounds spanning product, finance, and operations, aims to be a thoughtful, hands-on partner to founders during critical early inflection points.
The $20.0 million secured represents investment capital for Somersault Ventures Fund I, which is backed by numerous global tech entrepreneurs and executives. This capital infusion will enable Somersault Ventures to significantly scale its deployment into promising early-stage companies. The firm plans to use these funds to identify and support a greater number of innovative startups, with a particular focus on founding teams where at least one founder is connected to UC Berkeley or comes from a CEE immigrant background, communities the firm understands deeply.
This funding underscores the firm's commitment to its investment thesis and its strategy of backing high-potential ventures. With this new capital, Somersault Ventures is well-positioned to continue its mission of identifying and nurturing the next generation of technology leaders, further solidifying its presence in the early-stage investment landscape.
