Twelve Below

Twelve Below is a New York City-based venture capital firm investing at the pre-seed and seed stages. It typically leads or co-leads rounds of $1 million to $5 million before a Series A, with initial checks between $500,000 and $2 million and a target ownership of 10% to 15% in core investments. The firm manages $160 million across its second fund, an $80 million vehicle, and a $28 million opportunity fund for follow-on investments. It is generalist by nature, with interests in fintech, healthcare, energy, SMB, and consumer, and a particular focus on New York-based talent. Portfolio companies include Arya Health, Caladan, Conduit Health, Dispatch, Odyssey Energy Solutions, Parabolic Auto, Solstice Health, and Lemma. Twelve Below looks for founders who show courage and conviction early and use technology to reinvent the unknown. It works as a sounding board on strategy and helps founders close their earliest hires.