Goat Capital

Goat Capital is a San Francisco-based venture capital firm established by Hursh Agarwal and Darpan Sarvaiya, both former partners at Andreessen Horowitz. Launched in 2020, the firm quickly positioned itself as a significant player in the early-stage investment landscape, primarily targeting Series A and Series B rounds. Their investment thesis revolves around identifying and backing ambitious founders who are building category-defining companies with strong market potential. The firm leverages the extensive operational and investment experience of its founding partners, drawing from their backgrounds at prominent tech companies and leading VC firms.

The firm has demonstrated rapid growth in its capital base, successfully raising two significant funds in a short period. Their inaugural fund, Goat Capital I, closed with $300 million in 2020, followed by Goat Capital II, which secured $500 million in 2022. This brings their total assets under management to approximately $800 million. Goat Capital typically writes first checks ranging from $5 million to $25 million, focusing on companies that exhibit strong product-market fit and clear paths to scalability. They are known for their founder-friendly approach and their willingness to provide hands-on support beyond just capital.

Goat Capital's portfolio reflects its commitment to high-growth sectors, with notable investments in companies such as Ramp, a corporate card and finance automation platform; Mercury, a banking platform for startups; Whatnot, a live shopping platform; and Deel, a global payroll and compliance solution. These investments underscore their strategy of partnering with innovative businesses poised for substantial disruption and growth. The firm's disciplined yet agile investment approach, combined with its substantial capital resources, positions Goat Capital as a compelling partner for early-stage companies seeking strategic guidance and significant funding to scale their operations.