Description
OVO Fund is an early-stage venture capital firm based in Palo Alto / Menlo Park, California, that specializes in pre-seed and seed investments and partners deeply with early founders to help them build enduring technology companies.
Specific Funding Stage
Pre-Seed: Core focus on pre-seed rounds, often backing companies at the “negative one to zero” stage — before traction or revenue — where conviction and founder quality matter most.
Seed: Actively participates in seed stage financing and may reserve capital for follow-on investments.
Series A: Can participate in early Series A follow-ons for high-growth portfolio companies in collaboration with co-investors.
Application & Engagement
Submission Method: Founders generally connect via warm introductions, ecosystem referrals, or direct outreach through OVO’s site.
Founder-Focused: OVO emphasizes founder partnership and conviction first, investing early when vision is strong and the path is still forming.
Eligibility
Sector Focus: Broad, including Enterprise Tech, Applied AI, Fintech, Digital Health, Consumer tech, Web3, and SaaS — typically capital-efficient technology categories.
Geography: Primarily U.S.-based startups, with strong ties to the Bay Area but open to companies nationwide.
Company Profile: Early-stage startups with MVP or early product direction; strong founder conviction is a key trait.
Team: Founders with technical depth and the ability to execute through ambiguity and early pivoting.
Process
Initial Intake: Founders submit pitch decks and team materials for alignment with early-stage thesis.
Partner Review: Evaluation by general partners on product vision, team strength, and market potential.
Due Diligence: Structured diligence on market, team, product, and early signals.
Deal Structuring: Terms negotiated deal-by-deal using standard early-stage instruments (SAFEs, convertible notes, or preferred equity).
What an Applicant can Obtain
Check Size & Allocation: Typical initial checks range from $250,000 to $500,000 (and up to ~$750,000), with capital reserved for follow-ons into seed and early Series A.
Portfolio & Track Record: OVO has backed 90+ startups and supported companies that have collectively generated significant portfolio value and several notable outcomes.
What Founders Can Obtain
Strategic Capital: Early institutional funding to build product, team, and early traction.
Partnership & Mentorship: Hands-on support and guidance from partners alongside capital deployment.
Network Access: Connections to a broader network of early-stage investors, advisors, and co-investors for future rounds.