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Dharmesh Shah

North America, Massachusetts, United States, Boston

Description

Dharmesh Shah is a highly influential figure in the technology and startup ecosystem, best known as the co-founder and Chief Technology Officer of HubSpot, a leading CRM platform. His entrepreneurial journey with HubSpot, which he co-founded in 2006 alongside Brian Halligan, culminated in a successful IPO in 2014, solidifying his reputation as a visionary leader in the SaaS industry. Beyond his executive role at HubSpot, Shah is a prolific angel investor, leveraging his deep industry knowledge and extensive network to support promising early-stage companies.

As an angel investor, Dharmesh Shah primarily focuses on the software-as-a-service (SaaS) sector, particularly in areas like marketing technology, sales technology, and artificial intelligence, reflecting his expertise gained from building HubSpot. He is known for his founder-friendly approach, often providing not just capital but also strategic guidance, mentorship, and access to his vast network. His investment thesis often centers on strong founding teams with compelling product visions and a clear path to market disruption, especially those building tools that empower businesses.

Shah's investment portfolio is extensive, with public records indicating over 100 individual angel investments. His typical first check size for these early-stage ventures generally ranges from approximately $50,000 to $500,000, depending on the stage of the company and the specific needs of the round. He is particularly active in seed and pre-seed rounds, aiming to provide crucial early capital that helps startups achieve product-market fit and secure subsequent funding. His commitment to fostering innovation and supporting the next generation of entrepreneurs makes him a highly sought-after angel investor in the Boston and wider tech communities.

Investor Profile

Dharmesh Shah has backed more than 76 startups, with 7 new investments in the last 12 months alone. The firm has led 1 rounds, about 1% of its total and boasts 25 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Angel rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, Enterprise Software, SaaS.
  • Typical check size: $50K – $500K.

Stage Focus

  • Seed (55%)
  • Series A (20%)
  • Angel (11%)
  • Pre Seed (11%)
  • Series Unknown (3%)
  • Series C (1%)

Country Focus

  • United States (99%)
  • Canada (1%)

Industry Focus

  • Software
  • Enterprise Software
  • Saas
  • Information Technology
  • Internet
  • Analytics
  • Social Media
  • Advertising
  • Artificial Intelligence (Ai)
  • Marketing
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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 Dharmesh Shah frequently co-invest with?

CRV
North America, California, United States, Palo Alto
Co-Investments: 3
Chang Corporation
North America, New York, United States, New York
Co-Investments: 4
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 5
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 5
CM
North America, Massachusetts, United States, Cambridge
Co-Investments: 5
500 Global
North America, California, United States, San Francisco
Co-Investments: 7
Atlas Venture
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 13
SV Angel
North America, California, United States, San Francisco
Co-Investments: 5

Which angels does Dharmesh Shah often collaborate with?

WC
North America, New York, United States, Manhattan
Shared Deals: 6
David Cancel
North America, New York, United States, New York
Shared Deals: 5
ER
North America, California, United States, San Francisco
Shared Deals: 4
BH
North America, Massachusetts, United States, Cambridge
Shared Deals: 5
JS
North America, California, United States, San Francisco
Shared Deals: 4
MV
North America, Massachusetts, United States, Boston
Shared Deals: 6
JH
North America, Massachusetts, United States, Boston
Shared Deals: 4
HS
North America, California, United States, Redwood City
Shared Deals: 4
BW
North America, Massachusetts, United States, Cambridge
Shared Deals: 4
IA
North America, California, United States, San Francisco
Shared Deals: 4

What are some of recent deals done by Dharmesh Shah?

Lovable

Stockholm, Stockholms Lan, Sweden

Lovable is an AI-powered platform that enables users build applications and software products without needing extensive coding skills.

Artificial Intelligence (AI)Developer PlatformDeveloper ToolsSoftware
Series AJul 17, 2025
Amount Raised: $200,000,000
Owner

Palo Alto, California, United States

Owner is a technology company that provides tools for local restaurant owners to enhance sales and online presence.

CRMRestaurantsSoftware
Series CMay 13, 2025
Amount Raised: $120,000,000
D3

Las Vegas, Nevada, United States

D3 is a domainFi network that connects Web3 ecosystems with users on the root layer of the internet.

Domain RegistrarInformation TechnologySoftwareWeb3
Series AJan 29, 2025
Amount Raised: $25,000,000
Twenty

San Francisco, California, United States

Twenty builds the modern salesforce, powered by the open source community.

Enterprise SoftwareInformation TechnologyOpen SourceSaaSSoftware
SeedNov 19, 2024
Amount Raised: $5,000,000
Twenty (YC S23)

San Francisco, California, United States

Open-source CRM without compromise

CRMEnterprise SoftwareOpen SourceSalesSoftware
SeedNov 18, 2024
Amount Raised: $5,000,000
Persana AI

San Francisco, California, United States

Persana AI is an intelligent sales copilot that is powered by its own custom fine-tuned models.

Artificial Intelligence (AI)Information TechnologySoftware
SeedOct 29, 2024
Amount Raised: $2,300,000
CrewAI

San Francisco, California, United States

CrewAI is a multi-agent automation platform for enterprises to automate complex tasks.

Artificial Intelligence (AI)Enterprise SoftwareGenerative AIInformation Technology
Series AOct 22, 2024
Amount Raised: $12,000,000
The Network

San Francisco, California, United States

The Network is a people search engine, aggregating everyone's online and public information into a single place.

SocialSocial NetworkSoftware
Pre SeedSep 1, 2024
Amount Raised: $2,800,000
Recraft

San Francisco, California, United States

Recraft is a creative AI tool.

Artificial Intelligence (AI)Graphic Design
Series AJan 18, 2024
Amount Raised: $12,000,000
FORMLESS

Boston, Massachusetts, United States

FORMLESS is a decentralized network and digital space that empowers individuals in a multiplayer digital economy.

Digital MediaInformation TechnologyInternetSoftwareSoftware Engineering
Pre SeedDec 19, 2023
Amount Raised: $2,200,000