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Venture Capital
initialized.com

Investments

268

Portfolio Exits

33

Funds

17

About Initialized Capital

Initialized Capital is an early-stage firm that manages $250 million in capital and was an early investor in companies including Patreon, Coinbase, Instacart, and Flexport.

Headquarters Location

464 Tehama St

San Francisco, California, 94103,

United States

415-297-9704

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Expert Collections containing Initialized Capital

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Find Initialized Capital in 1 Expert Collection, including Food & Beverage .

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Food & Beverage

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Latest Initialized Capital News

Modulo Bio Raises USD8M in Funding

Jun 1, 2023

Modulo Bio , a San Diego, CA-based biotech startup, came out of stealth mode raising $8m in funding. Backers included Initialized Capital, Cantos, Bioverge, Spacecadet, Builders VC, Refactor Capital, and Hawktail. The company intends to use the funds to accelerate the development of its first therapeutic program and its Modulo Neuroimmune Platform. Led by CEO Michael Horowitz, Modulo models the neuroimmune system to identify drug candidates that target microglia cells to treat diseases like ALS, FTD, Alzheimer’s and Parkinson’s. The company’s proprietary neuroimmune olatform integrates software, automation, and artificial intelligence, alongside the latest advances in stem cell biology and neuroscience, to pioneer new treatments. Its research starts with patients, leveraging stem cell technology to generate brain cells from patients with different diseases, and culminates in an AI-generated neuroimmune fingerprint of disease. The company has already identified novel microglia targets and generated candidates that offer the promise of effective treatments for diseases like Amyotrophic Lateral Sclerosis (ALS) and Frontotemporal Dementia (FTD). Beyond developing treatments that improve the patient outlook, the broader vision of Modulo is to map the entire neuroimmune system to create a better understanding of how neurodegenerative diseases are interrelated. Alongside Michael Horowitz, Modulo is led by Scott Patterson, seasoned technologist and previously Vice President of Engineering at Counsyl, and Justin Ichida, PhD, Professor at USC, and a leader in modeling ALS and FTD using patient-derived cells. FinSMEs

Initialized Capital Investments

268 Investments

Initialized Capital has made 268 investments. Their latest investment was in Curri as part of their Series B on June 6, 2023.

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Initialized Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/6/2023

Series B

Curri

$42M

No

2

6/2/2023

Seed VC

Modulo Bio

$8M

Yes

2

4/4/2023

Seed VC

Satsuma

$5M

Yes

4

2/6/2023

Series A

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$99M

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10

1/1/2023

Seed VC

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$99M

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10

Date

6/6/2023

6/2/2023

4/4/2023

2/6/2023

1/1/2023

Round

Series B

Seed VC

Seed VC

Series A

Seed VC

Company

Curri

Modulo Bio

Satsuma

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Amount

$42M

$8M

$5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

2

4

10

10

Initialized Capital Portfolio Exits

33 Portfolio Exits

Initialized Capital has 33 portfolio exits. Their latest portfolio exit was TripleByte on March 16, 2023.

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

3/16/2023

Acquired

$99M

5

2/22/2023

Acquired

$99M

9

12/8/2022

Acquired

$99M

4

9/29/2022

Acquired

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$99M

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10

6/1/2022

Acquired

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$99M

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10

Date

3/16/2023

2/22/2023

12/8/2022

9/29/2022

6/1/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

9

4

10

10

Initialized Capital Fund History

17 Fund Histories

Initialized Capital has 17 funds, including Initialized V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/14/2020

Initialized V

$230M

3

7/29/2020

Initialized Robin Fund

$11.12M

2

7/10/2019

Initialized PAT SPV

$1.02M

1

6/24/2019

Initialized Superclass Iss

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$99M

10

10/2/2018

Initialized Annex

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$99M

10

Closing Date

8/14/2020

7/29/2020

7/10/2019

6/24/2019

10/2/2018

Fund

Initialized V

Initialized Robin Fund

Initialized PAT SPV

Initialized Superclass Iss

Initialized Annex

Fund Type

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Status

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Amount

$230M

$11.12M

$1.02M

$99M

$99M

Sources

3

2

1

10

10

Initialized Capital Team

6 Team Members

Initialized Capital has 6 team members, including , .

Name

Work History

Title

Status

Alexis Kerry Ohanian, Sr.

Founder

Current

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Name

Alexis Kerry Ohanian, Sr.

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Work History

Title

Founder

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Status

Current

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