
Essence VC
Description
Essence VC is an early-stage venture capital firm based in Seattle, Washington, specializing in investments within the infrastructure and developer tools sectors. The firm distinguishes itself by primarily backing first-time technical founders who are building innovative enterprise solutions. Their investment thesis centers on identifying promising technologies and providing strategic support to nascent teams, leveraging their deep technical and product expertise to help portfolio companies navigate the challenges of early-stage growth.
The firm typically engages with companies at the pre-seed and seed stages, offering initial capital to help founders achieve critical milestones. Essence VC's typical first check size ranges from $250,000 to $1,000,000, indicating a focus on foundational funding for emerging startups. This targeted approach allows them to be a significant early partner for companies that might be overlooked by larger, later-stage funds. Their commitment extends beyond capital, with a stated emphasis on providing hands-on guidance and leveraging their network to support their portfolio's development.
Essence VC's dedication to the infrastructure and developer space reflects a strategic recognition of the foundational technologies powering the modern digital economy. By focusing on first-time technical founders, they aim to empower individuals with strong technical acumen to translate their visions into impactful products. As of early 2024, their portfolio includes over a dozen companies, demonstrating their active participation in nurturing the next generation of enterprise technology leaders from the ground up. Their Seattle base positions them strategically within a vibrant tech ecosystem, further enhancing their ability to source and support high-potential ventures.
Investor Profile
Essence VC has backed more than 39 startups, with 9 new investments in the last 12 months alone. The firm has led 2 rounds, about 5% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
- Majority of deals are located in United States, Germany, Denmark.
- Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
- Typical check size: $250K – $1M.
Stage Focus
- Seed (62%)
- Series A (21%)
- Pre Seed (13%)
- Series B (3%)
- Series Unknown (3%)
Country Focus
- United States (85%)
- Germany (5%)
- Denmark (3%)
- Canada (3%)
- Israel (3%)
- Australia (3%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Information Technology
- Saas
- Machine Learning
- Cyber Security
- Analytics
- Software Engineering
- Generative Ai
- Cloud Data Services
Frequently Asked Questions
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