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Caruso Ventures

North America, Colorado, United States, Boulder

Description

Caruso Ventures is an early-stage venture capital firm based in Boulder, Colorado, established in 2020. The firm distinguishes itself by focusing on "high-impact scaleups," "seismic trends," and "next-generation entrepreneurial leaders." Their investment philosophy centers on partnering with visionary founders who are building category-defining businesses poised to disrupt industries and generate substantial value. Caruso Ventures primarily targets innovative companies in sectors such as enterprise software, artificial intelligence, machine learning, and data solutions, seeking out ventures with the potential for significant growth and market transformation.

The firm's portfolio reflects its commitment to these high-growth areas, featuring companies like Smarter Sorting, Pryon, and Formlogic. These investments demonstrate Caruso Ventures' ability to identify promising early-stage companies that subsequently attract significant follow-on funding from larger investors. While specific investment amounts are not publicly detailed, their focus on "scaleups" suggests they participate in seed to early Series A rounds, aiming to provide crucial capital for companies transitioning from product-market fit to rapid expansion.

Caruso Ventures operates with a focused approach, having made approximately 10 investments since its inception, with at least one reported lead investment. This suggests a selective strategy, likely involving deep engagement with their portfolio companies. The firm's managing partner, Frank Caruso, brings a background that likely informs their hands-on, value-add approach to supporting entrepreneurial teams. Their typical first check sizes are estimated to range from $500,000 to $4,000,000, reflecting their commitment to providing meaningful capital at critical early growth stages.

Investor Profile

Caruso Ventures has backed more than 25 startups, with 0 new investments in the last 12 months alone. The firm has led 2 rounds, about 8% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Manufacturing, Software, SaaS.
  • Typical check size: $500K – $4M.

Stage Focus

  • Seed (32%)
  • Series B (20%)
  • Series A (16%)
  • Series Unknown (16%)
  • Debt Financing (4%)
  • Convertible Note (4%)
  • Private Equity (4%)
  • Pre Seed (4%)

Country Focus

  • United States (84%)
  • United Kingdom (4%)
  • Canada (4%)
  • South Africa (4%)
  • Lebanon (4%)

Industry Focus

  • Manufacturing
  • Software
  • Saas
  • 3d Printing
  • Electronics
  • Human Resources
  • Real Estate
  • 3d Technology
  • Mechanical Design
  • Mechanical Engineering
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Caruso Ventures frequently co-invest with?

LC
North America, Texas, United States, Dallas
Co-Investments: 2
University of Chicago
North America, Illinois, United States, Chicago
Co-Investments: 2
BG
North America, Colorado, United States, Boulder
Co-Investments: 2
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 2
Deming Center Venture Fund
North America, Colorado, United States, Boulder
Co-Investments: 2
Rockies Venture Club
North America, Colorado, United States, Denver
Co-Investments: 2
Foundry Group
North America, Colorado, United States, Boulder
Co-Investments: 3
Big Sky Capital
North America, Florida, United States, Miami
Co-Investments: 1
Maverick Ventures
North America, California, United States, San Francisco
Co-Investments: 2
GF
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Caruso Ventures often collaborate with?

BK
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
TA
North America, Massachusetts, United States, Boston
Shared Deals: 1
MW
North America, Massachusetts, United States, Boston
Shared Deals: 1
JM
North America, Illinois, United States, Chicago
Shared Deals: 1
SA
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
ER
North America, Colorado, United States, Boulder
Shared Deals: 1
ER
North America, Massachusetts, United States, Concord
Shared Deals: 1
JP
North America, Virginia, United States, Great Falls
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Caruso Ventures?

Bifrost Electronics

Boulder, Colorado, United States

Bifrost Electronics is a manufacturing company that specializes in engineering and system designs for quantum computing.

ComputerElectronicsManufacturing
SeedJul 15, 2025
Amount Raised: $2,500,000
Vescent Photonics

Golden, Colorado, United States

Vescent Photonics,Inc to develop and manufacture technologies in waveguide, electro-optics, tunable lasers, and electronics.

Consumer ElectronicsElectronicsLaserManufacturing
SeedMar 7, 2024
Amount Raised: $5,000,000
Maybell Quantum Industries

Denver, Colorado, United States

MQI is building the hardware that enables quantum computing to help in curing diseases, reverse clock on climate change, & in creating jobs

Hardware
Series AMar 4, 2024
Amount Raised: $25,000,000
Pippin Title

New York, New York, United States

Property reports powered by SaaS technology

Real EstateSaaSSoftware
SeedNov 15, 2023
Amount Raised: $3,000,000
Guest House

Wheat Ridge, Colorado, United States

Guest House is a home staging and home furnishing marketplace that provides real estate services.

CommercialHome ServicesMarketplaceReal Estate
Series UnknownJun 27, 2023
Amount Raised: $3,500,000
Agile Space Industries

Durango, Colorado, United States

Agile Space Industries is an aviation and aerospace that specializes in propulsion, test rockets, and space exploration.

3D PrintingAerospaceAir TransportationSpace Travel
SeedJun 23, 2023
Amount Raised: $13,000,000
Vitro3D

Boulder, Colorado, United States

Vitro3D develops volumetric 3D printing solutions producing dental aligners and scaffolds for 3D cell culture and tissue engineering.

3D Printing3D TechnologyManufacturing
SeedNov 2, 2022
Amount Raised: $1,300,000
Vitro3D

Edgmond, Shropshire, United Kingdom

Vitro3D is a developer of novel volumetric 3D printing solutions.

3D Printing3D TechnologyManufacturing
SeedNov 2, 2022
Amount Raised: $1,300,000
VUZ

Los Angeles, California, United States

VUZ is the Leading Immersive Social App

Augmented RealityConsumer ApplicationsDigital EntertainmentDigital MediaMetaverseMobile AppsSocial MediaSubscription ServiceTelecommunicationsVirtual Reality
Series BOct 20, 2022
Amount Raised: $20,000,000
Mindful Care

West Hempstead, New York, United States

Revolutionizing access to precision mental health care.

Health CareMedicalMental HealthWellness
Series BOct 19, 2022
Amount Raised: $7,000,000