Application Deadline

Description

• Pitch Portal: 2048 Ventures Pitch Page
• Fast Track: They offer a Pre-Seed Fast Track specifically for founders raising their first round of funding.

Eligibility

• Sector Focus: They prioritize Vertical AI, Deep Tech, Health, and Bio. They look for companies with strong "data moats" or defensible technology.
• Team: Strong founder-market fit is critical. They accept solo founders but prefer complete teams.
• Funding Limit: Startups that have already raised more than $2M are not eligible for their "Fast Track" program.
• Geography: Headquartered in New York and Boston, they invest primarily across the U.S., Canada, and the UK. 

Process

1. Intro Meeting: A 30-minute Zoom call with one team member.
2. Deep Dive: A 60-minute session with 3–4 members of the investment team.
3. Diligence: Reference checks and a several-hour in-person meeting (travel costs covered by the firm).
4. Commitment: They aim to move from the first meeting to a lead commitment in 10–15 business days.
5. Fast Track Funding: For eligible pre-seed rounds, they commit to getting "money in the bank" within 10 business days of the first meeting.

What an Applicant can Obtain

• Capital: Standard checks range from $500,000 to $2,000,000. Fast Track checks are typically $250,000 to $750,000.
• Network: Direct access to their "massive network" to help fill the remainder of a funding round.
• Post-Investment Support: Guidance on go-to-market strategies, pricing, milestones for future rounds, and recruiting.