Investments
21Portfolio Exits
9About David Lee
David Lee is a founding partner at SV Angel, an angel investment firm, where he focuses on investments within the consumer Internet, mobile, video and other IT industries. Prior to SV Angel, David Lee was at Google, where he led new business development efforts in video, media and content/data partnerships. After Google, he led all business development-related efforts for StumbleUpon. Previous to SV Angel, David Lee was a partner at Baseline Ventures and also an attorney at Morrison and Foerster representing high-tech companies in commercial transactions. He is a graduate of Johns Hopkins, NYU (JD) and Stanford (MSEE), where he was a National Science Foundation Graduate fellow.

Want to inform investors similar to David Lee about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest David Lee News
May 15, 2023
May 15, 2023 Agrifood veteran David Lee and several other industry leaders have joined forces to launch a B2B agtech startup called Inevitable Tech . The new company has developed a proprietary hardware-software grow system for use in both controlled environment agriculture (CEA) settings and open fields. Inevitable says it uses a combination of AI, automation, and plant sciences to help growers manage plant health and overall operations. The company’s first product will be a “clean propagation system” to ensure healthier, higher-quality plants. De-fragmenting the food system The current food system is hugely fragmented, says Lee, whose resume includes stints at Impossible Foods , Del Monte Foods and AppHarvest , to name a few. He and his team created Inevitable to address these silos as well as some of the biggest problems the food system faces: food waste and loss up and down the supply chain, a lack of visibility into worker productivity on the farm and the impacts of climate change. “The idea was to serve a common need so as to break through these silos,” Lee notes. “How do you get more predictive on pathogens, how do you improve yield and reduce waste to us? Every product we offer, whether it’s the software system, the full stack, the AI or propagated crop, has to solve those three pillars.” Lee is joined by an agrifood super-group of sorts that includes fellow Impossible veterans Myra Pasek, now Inevitable’s chief legal officer, and Nikki Mostafavi, the new company’s CFO. The team also includes SVP of operations Lucianne Kempton, formerly of Procter & Gamble, and VP of engineering Tom Kendall, who previously worked at CEA firm Iron Ox. Rounding things out are head of software and data Lucas Ramadan, who has worked as a synthetic chemist for the USDA, and former head of growing operations at Bowery, Patricia Romero, now Inevitable’s VP of plant science. A clean propagation system While some specifics about the company’s proprietary tech stack are still under wraps. Lee says it is a “full-stack hardware-software system” that leverages automation and AI to boost plant growth and quality. Inevitable Tech’s first product is a “clean propagation” system to foster healthier seedlings the company can then sell to growers. Companies will also be able to license the technology itself, so that growers can produce seedlings locally and/or onsite of their own operations. The latter has especially big implications, given that the US currently imports the vast majority of much of its fresh produce. For example, imports from Mexico account for the bulk of US tomato, cucumber and pepper plants. While the USDA has regulations around importing propagative material , the reality is that transporting seeds and plants increases the risk of pathogens, pests and other dangers that impact yield and sometimes wipe out entire harvests. Making seedling production more local could vastly reduce these risks, says Lee, in addition to reducing emissions, since the company wouldn’t have to transport seedlings. By way of example, Lee describes a scenario where growers and workers can all view seed growth via their phones: where in the growth cycle plants are, how the plants are being fed, what future propagated seedlings will look like. This information is sharable across the entire company and, eventually, throughout different components of the supply chain. Having this real-time plant data enables “early identification of pathogens and also allows customers have confidence in where the crop was grown,” says Lee. So far, Inevitable has “established development partnerships with CEA companies like Revol Greens and AppHarvest,” he adds. The Inevitable future of AI Propagation is just the start of things, says Lee. “It is just a just a data acquisition strategy; the aim is not to be a high-quality, high-tech seedling company. It’s to be AI for ag.” “Right now, everyone’s talking about artificial intelligence. The hard reality is, while AI is real, it’s not functional unless you have a big data set,” he adds. Farms — whether outdoors or in massive CEA environments — typically have “people constantly walking up and down surveying plants but there’s no tracking of the fundamental data because there’s no system [with which] to do it,” says Lee. He lays out the following future scenario for what Inevitable hopes to accomplish: “Imagine a farm where there is a digital map of everything that is is growing, that’s dynamic and evolving. Imagine every frontline worker with a handheld device.” These workers could use near-field tagging to report which task they were executing on which row of the crop. The system could also identify a farm’s most productive workers, so they could be rewarded, spot early pathogens and even predict issues due to adverse environmental conditions, inadequate irrigation, and unbalanced nutrients. “Imagine how much data in the course of a week, a day, a month, a year, AI could mine,” says Lee, who adds that a system like Inevitable Tech’s has use cases far beyond the food industry. In retail, for example, it could assist with streamlining the hiring process during holiday surges. For now, many of these capabilities are for the sometime in the future, says Lee. Inevitable Tech will stick with food for the future in order to collect as much data as possible. “If you don’t get adoption and you don’t get data, you don’t have a business,” he says. “That’s why we’re starting with this advanced propagation system. And while we have grand aspirations, we aren’t startups of yesteryear that talk about that grand aspiration without having a very clear area of focus and business each day.”
David Lee Investments
21 Investments
David Lee has made 21 investments. Their latest investment was in Replit as part of their Series B on December 12, 2021.

David Lee Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/9/2021 | Series B | Replit | $80M | Yes | A.Capital, Adam D'Angelo, Addition, Andreessen Horowitz, Ankur Nagpal, Anthony Pompliano, Austen Allred, Bloomberg Beta, Coatue Management, David Lee, Domagoj Babic, Fadi Ghandour, Fahd Ananta, Fifth Down Capital, Gagan Biyani, Henrique Dubugras, Mansour bin Ahmed bin Ali Al Thani, Packy McCormick, Paul Graham, Peter Thiel, Reach Capital, Scott Schleifer, Shaan Puri, Soleio, Vlad Tenev, and Volt Capital | 4 |
7/12/2021 | Angel | The Plug Drink | $1.5M | Yes | 3 | |
3/4/2019 | Seed VC | RightRice | $5.5M | Yes | 4 | |
6/2/2016 | Seed VC | |||||
4/5/2016 | Seed VC |
Date | 12/9/2021 | 7/12/2021 | 3/4/2019 | 6/2/2016 | 4/5/2016 |
---|---|---|---|---|---|
Round | Series B | Angel | Seed VC | Seed VC | Seed VC |
Company | Replit | The Plug Drink | RightRice | ||
Amount | $80M | $1.5M | $5.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | A.Capital, Adam D'Angelo, Addition, Andreessen Horowitz, Ankur Nagpal, Anthony Pompliano, Austen Allred, Bloomberg Beta, Coatue Management, David Lee, Domagoj Babic, Fadi Ghandour, Fahd Ananta, Fifth Down Capital, Gagan Biyani, Henrique Dubugras, Mansour bin Ahmed bin Ali Al Thani, Packy McCormick, Paul Graham, Peter Thiel, Reach Capital, Scott Schleifer, Shaan Puri, Soleio, Vlad Tenev, and Volt Capital | ||||
Sources | 4 | 3 | 4 |
David Lee Portfolio Exits
9 Portfolio Exits
David Lee has 9 portfolio exits. Their latest portfolio exit was RightRice on January 24, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/24/2022 | Acquired | 2 | |||
Date | 1/24/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.