Alexis Ohanian

Alexis Ohanian, co-founder of Reddit and a prominent figure in the tech and venture capital landscape, established Seven Seven Six (776) in 2020. As the founder and managing partner, Ohanian has rapidly positioned 776 as a distinctive early-stage venture capital firm, primarily focusing on seed and Series A investments. The firm's investment philosophy is deeply rooted in supporting founders who are building the future, with a particular emphasis on companies leveraging technology to solve significant problems.

776's investment thesis spans a diverse range of sectors, including but not limited to crypto and Web3, climate technology, B2B SaaS, and consumer applications. The firm is known for its founder-centric approach, seeking out entrepreneurs with strong product-market fit and a clear vision for scale. Ohanian and his team are also notable for their commitment to diversity, actively investing in and supporting underrepresented founders. A unique aspect of 776's operations is its proprietary software platform, Honeycomb, which aims to provide transparency and efficiency in portfolio management, fostering a more collaborative relationship between the firm and its portfolio companies.

Since its inception, Seven Seven Six has demonstrated significant growth in its capital deployment capabilities. The firm successfully raised a $500 million fund in 2022, building on its initial $150 million fund from 2020. This substantial capital base allows 776 to write initial checks typically ranging from $1 million to $10 million, enabling them to lead or significantly participate in early-stage funding rounds. Beyond capital, Ohanian and 776 provide strategic guidance, operational support, and access to a vast network, aiming to be a true partner in their portfolio companies' journeys.