
Heavybit
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
Frequently Asked Questions
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