BootstrapLabs

BootstrapLabs is a pioneering venture capital firm headquartered in San Francisco, California, with a distinct specialization in Artificial Intelligence. Founded in 2009 by Nicolai Wadstrom and Benjamin Levy, the firm has established itself as one of the earliest pure-play AI-focused VCs, demonstrating a long-term commitment to the sector. Their investment thesis centers on 'Applied AI,' targeting companies that leverage AI technologies to solve significant real-world problems across diverse industries, rather than focusing solely on foundational AI research.

The firm primarily invests in early-stage companies, typically at the Seed and Series A stages. BootstrapLabs adopts a hands-on approach, working closely with its portfolio companies to provide strategic guidance, access to their extensive network, and operational support. They seek out startups with strong technical teams, defensible AI intellectual property, and clear market opportunities, aiming to build category-leading companies that can achieve substantial scale and impact.

BootstrapLabs has successfully raised and deployed multiple funds dedicated to AI investments. Their BootstrapLabs AI Fund II closed at $50 million in 2020, significantly expanding their capacity. Following this success, the firm launched BootstrapLabs AI Fund III, which closed at $60 million in 2023, further solidifying their position as a key player in the AI venture landscape. This progression in fund size reflects their growing influence and ability to back more substantial rounds.

With these funds, BootstrapLabs typically provides initial checks ranging from $500,000 to $3,000,000, with the flexibility to make significant follow-on investments as their portfolio companies grow. Their portfolio includes over 40 companies, many of which have gone on to achieve significant milestones, including successful exits. The firm continues to be a crucial capital provider and strategic partner for innovative AI startups globally, contributing to the advancement and commercialization of artificial intelligence.