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Heavybit

North America, California, United States, San Francisco

Description

Heavybit is a prominent venture capital firm based in San Francisco, uniquely positioned as a leading investor in developer-first companies. Unlike traditional VCs, Heavybit combines capital investment with a structured program designed to accelerate the growth of technical founders and their products. Their focus is exclusively on companies building tools, infrastructure, and services for developers, recognizing the critical role these companies play in the modern technology landscape. This specialized approach allows them to provide highly relevant strategic guidance and operational support to their portfolio.

The firm primarily targets seed and Series A stage companies, providing crucial early-stage capital and expertise. Heavybit typically deploys initial checks ranging from $1 million to $3 million, aligning with the capital needs of early-stage developer-focused startups. Beyond the financial investment, their distinctive program offers hands-on mentorship, go-to-market strategies, product development insights, and fundraising assistance. This comprehensive support system is tailored to address the specific challenges and opportunities inherent in selling to a developer audience, helping founders navigate product-market fit and scale effectively.

Heavybit boasts a strong track record, having cultivated a portfolio of over 100 companies that have collectively raised more than $10 billion in follow-on funding. Their success is underscored by notable exits and continued growth of companies like Netlify, Snyk, Apollo, and CircleCI, which have become integral parts of the developer ecosystem. With their most recent fund, Fund III, closing at $100 million in 2021, Heavybit continues to solidify its position as a dedicated and impactful partner for the next generation of developer-centric innovation, leveraging deep industry knowledge and a robust network to foster breakout success.

Investor Profile

Heavybit has backed more than 94 startups, with 7 new investments in the last 12 months alone. The firm has led 15 rounds, about 16% of its total and boasts 21 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Israel.
  • Strong thematic focus on Software, Information Technology, SaaS.
  • Led 3 rounds in the past year.
  • Typical check size: $1M – $3M.

Stage Focus

  • Series Unknown (37%)
  • Seed (23%)
  • Series A (16%)
  • Series B (11%)
  • Series C (5%)
  • Pre Seed (4%)
  • Series D (3%)

Country Focus

  • United States (85%)
  • Canada (5%)
  • Israel (3%)
  • United Kingdom (2%)
  • Sweden (1%)
  • Germany (1%)
  • Norway (1%)
  • Switzerland (1%)

Industry Focus

  • Software
  • Information Technology
  • Saas
  • Developer Tools
  • Analytics
  • Enterprise Software
  • Developer Apis
  • Internet
  • Big Data
  • Cloud Computing
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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 Heavybit frequently co-invest with?

Monochrome Capital
North America, California, United States, San Francisco
Co-Investments: 4
Two Sigma Ventures
North America, New York, United States, New York
Co-Investments: 5
boldstart ventures
North America, Florida, United States, Miami
Co-Investments: 8
Insight Partners
North America, New York, United States, New York
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 4
Accel
North America, California, United States, Palo Alto
Co-Investments: 7
Uncork Capital
North America, California, United States, San Francisco
Co-Investments: 6
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 4
Threshold
North America, California, United States, Menlo Park
Co-Investments: 6
Harrison Metal
North America, California, United States, San Francisco
Co-Investments: 6

Which angels does Heavybit often collaborate with?

GR
North America, California, United States, San Francisco
Shared Deals: 1
GR
North America, California, United States, San Francisco
Shared Deals: 1
SS
North America, California, United States, San Francisco
Shared Deals: 2
EE
North America, Florida, United States, Miami
Shared Deals: 2
EW
North America, California, United States, San Francisco
Shared Deals: 1
CB
North America, California, United States, San Francisco
Shared Deals: 2
MB
North America, California, United States, San Francisco
Shared Deals: 2
CP
North America, California, United States, San Francisco
Shared Deals: 1
AG
North America, California, United States, San Francisco
Shared Deals: 1
A"
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Heavybit?

Sanity

San Francisco, California, United States

Sanity is a platform for structured content that lets teams build digital experiences.

CMSDeveloper PlatformPaaSSaaS
Series CMay 2, 2025
Amount Raised: $85,000,000
Recce

San Francisco, California, United States

Solving the data context problem

Cloud Data ServicesDeveloper ToolsOpen Source
Pre SeedApr 22, 2025
Amount Raised: $4,000,000
groundcover

Tel Aviv, Tel Aviv, Israel

Groundcover is an eBPF-driven observability platform that provides teams with tools to visualize metrics, logs, and traces.

Application Performance ManagementEnterprise SoftwareSoftware
Series BApr 10, 2025
Amount Raised: $35,000,000
Tailscale

Toronto, Ontario, Canada

Tailscale is a software company that provides zero-configuration virtual private networks (VPNs) for secure connectivity.

Cyber SecurityInformation TechnologyInfrastructureNetwork Security
Series CApr 8, 2025
Amount Raised: $160,000,000
Kosli

San Francisco, California, United States

Automate governance, accelerate delivery, stay compliant.

DevOpsSoftware
Series AMar 20, 2025
Amount Raised: $10,000,000
LocalStack

Zürich, Zurich, Switzerland

LocalStack is a cloud development platform for building cloud and serverless apps offline.

Cloud ComputingInformation TechnologySoftware
Series ANov 12, 2024
Amount Raised: $25,000,000
Kubiya.ai

Palo Alto, California, United States

Accelerate time-to-automation by delegating routine tasks to AI Teammates

Artificial Intelligence (AI)Cloud SecurityDevOpsIT InfrastructureNatural Language ProcessingSoftware
SeedAug 20, 2024
Amount Raised: $6,000,000
Userfront

San Jose, California, United States

Transformational Auth & Identity

Software
SeedMay 23, 2024
Amount Raised: $5,300,000
Replicate

San Francisco, California, United States

Replicate lets software developers run open-source AI with an API.

Artificial Intelligence (AI)Cloud InfrastructureInformation TechnologyMachine Learning
Series BDec 5, 2023
Amount Raised: $40,000,000
Continue

San Francisco, California, United States

Continue is an open-source autopilot for VS Code and JetBrains—the easiest way to code with any LLM

Software
Pre SeedNov 14, 2023
Amount Raised: $2,100,000