Flight Ventures

Flight Ventures is a well-established angel syndicate operating out of San Francisco, California, spearheaded by experienced venture capitalist Gil Penchina. Known for its agile approach to early-stage funding, the firm primarily targets seed-stage companies. While the syndicate has shown interest in SaaS and financial services, its investment scope is notably broader, spanning diverse sectors such as consumer technology, fintech, marketplaces, and deep tech innovations. This wide lens allows Flight Ventures to identify and support a varied array of promising startups poised for significant growth.

The syndicate is distinguished by its high volume and consistent investment activity. Flight Ventures boasts an impressive portfolio of over 200 companies, reflecting its commitment to backing numerous early-stage ventures. This prolific investment pace is maintained with an average of 2 to 3 deals closed per month, demonstrating a continuous engagement with the startup ecosystem. This active participation allows Flight Ventures to build a diversified portfolio and provide crucial early capital to a wide range of emerging businesses.

Flight Ventures has a strong track record of identifying and supporting companies that have gone on to achieve significant success. Among its notable investments are Cruise Automation, which was acquired by General Motors for over $1 billion, as well as other well-known names like Indiegogo, Poshmark, Wish, and Wealthfront. For its initial commitments, Flight Ventures typically writes first checks ranging from $50,000 to $500,000. This flexible check size enables them to participate effectively in seed rounds, providing essential capital that helps startups validate their concepts and scale their initial operations.