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Indicator Ventures

North America, New York, United States, New York

Description

Indicator Ventures is a New York-based venture capital firm that strategically focuses on early-stage investments, primarily targeting Seed and Series A rounds. Their core investment thesis centers on software solutions designed to enhance work, life, and wealth-building accessibility. This encompasses a broad range of sectors, including the Future of Work, FinTech, Consumer applications, and Enterprise SaaS. The firm is recognized for its active investment approach, often taking a lead or co-lead position in the funding rounds of its portfolio companies, providing more than just capital but also strategic guidance.

Indicator Ventures typically deploys initial checks ranging from $500,000 to $1.5 million. This strategic investment range enables them to support nascent companies through their critical early growth phases, providing essential capital, operational guidance, and access to their extensive network. Their hands-on approach is designed to help founders achieve product-market fit, scale operations efficiently, and prepare effectively for subsequent funding rounds, thereby maximizing their potential for long-term success.

The firm has demonstrated a consistent and impressive growth in its fund sizes over time, reflecting increasing capacity and strong investor confidence. Their latest fund, Indicator Ventures Fund III, successfully closed at $45 million. This significant fund follows previous successful raises, including a $30 million Fund II and a $15 million Fund I, illustrating a steady progression in their investment capabilities and expanding reach within the early-stage ecosystem. Their commitment to impactful software solutions positions them as a key player in fostering innovation across various critical sectors.

Investor Profile

Indicator Ventures has backed more than 85 startups, with 6 new investments in the last 12 months alone. The firm has led 17 rounds, about 20% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $1.5M.

Stage Focus

  • Seed (58%)
  • Series A (21%)
  • Series Unknown (7%)
  • Pre Seed (6%)
  • Series B (5%)
  • Convertible Note (2%)
  • Series C (1%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • Artificial Intelligence (Ai)
  • Saas
  • Enterprise Software
  • Financial Services
  • Machine Learning
  • Internet
  • Fintech
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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 Indicator Ventures frequently co-invest with?

Pegasus Tech Ventures
North America, California, United States, San Jose
Co-Investments: 4
Green D Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 4
ff Venture Capital
North America, New York, United States, New York
Co-Investments: 5
QueensBridge Venture Partners
North America, California, United States, Los Angeles
Co-Investments: 4
City Light Capital
North America, New York, United States, New York
Co-Investments: 4
RiverPark Ventures
North America, New York, United States, New York
Co-Investments: 7
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 7
Greycroft
North America, New York, United States, New York
Co-Investments: 6
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 9
MDC Ventures
North America, New York, United States, New York
Co-Investments: 4

Which angels does Indicator Ventures often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 3
EL
North America, Florida, United States, Miami Beach
Shared Deals: 1
NB
North America, New York, United States, New York
Shared Deals: 2
PB
North America, California, United States, Mountain View
Shared Deals: 2
JW
North America, California, United States, San Francisco
Shared Deals: 2
KT
North America, California, United States, Menlo Park
Shared Deals: 1
BC
North America, Texas, United States, Austin
Shared Deals: 2
Darian Shirazi
North America, California, United States, San Francisco
Shared Deals: 2
AM
North America, California, United States, San Francisco
Shared Deals: 1
BH
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Indicator Ventures?

Affiniti

New York, New York, United States

Fueling Small Businesses Across America With Industry-Tailored Credit Cards.

Financial Services
Series AMay 20, 2025
Amount Raised: $17,000,000
EDGE Markets

San Diego, California, United States

EDGE Markets creates tools to promote responsible betting activity and grow the legal sports betting ecosystem.

GamblingInformation TechnologySoftwareSports
SeedMar 25, 2025
Amount Raised: $17,200,000
EDGE Markets

San Diego, California, United States

EDGE Markets creates tools to promote responsible betting activity and grow the legal sports betting ecosystem.

GamblingInformation TechnologySoftwareSports
SeedDec 1, 2024
Affiniti

New York, New York, United States

Fueling Small Businesses Across America With Industry-Tailored Credit Cards.

Financial Services
SeedNov 13, 2024
Amount Raised: $11,000,000
Arda Therapeutics

San Francisco, California, United States

Arda is taking aim at chronic diseases and aging by eliminating the pathogenic cells that drive these conditions.

BiotechnologyHealth CareTherapeutics
Series AOct 1, 2024
Amount Raised: $43,000,000
Starpath Robotics

Los Angeles, California, United States

Starpath Robotics builds spacecraft propellant that reduces the deep space transport cost.

Air TransportationSpace TravelTransportation
SeedAug 20, 2024
Amount Raised: $12,000,000
Simply Bail

Santa Monica, California, United States

Simply Bail is an online platform that offers a secure, hassle-free, and fastest way for people to get out of jail with bail.

B2BLegalLegal Tech
SeedFeb 9, 2024
Amount Raised: $2,919,115
Retrocausal

Seattle, Washington, United States

Retrocausal gives superpowers to manufacturing assembly operators, plant managers, and industrial engineers with its Generative AI Copilots.

Artificial Intelligence (AI)Industrial AutomationManufacturingSoftware
Series UnknownNov 30, 2023
Amount Raised: $5,300,000
RepRally

New York, New York, United States

Developer of a wholesale platform to eliminate the barriers to distribution and broaden consumer access to high-quality products.

MarketplaceSoftware
SeedNov 13, 2023
RepRally

New York, New York, United States

Developer of a wholesale platform to eliminate the barriers to distribution and broaden consumer access to high-quality products.

MarketplaceSoftware
Pre SeedJul 1, 2023