Interlace Ventures

Interlace Ventures is an early-stage venture capital firm based in San Francisco, California, dedicated to investing in founders who are reimagining the future of commerce. Co-founded by Vincent Diallo and Joe Megibow, the firm focuses on a niche yet expansive sector, specifically targeting innovations in commerce infrastructure, supply chain technologies, and retail technology. Their investment thesis is built on the premise that the commerce landscape is undergoing significant transformation, creating opportunities for disruptive startups that can enhance efficiency, improve customer experiences, and build robust foundational technologies for businesses.

The firm launched its inaugural fund, Interlace Ventures Fund I, with a total capital commitment of $15 million. This fund is designed to support promising early-stage companies, typically at the pre-seed and seed stages. Interlace Ventures is known for its focused investment strategy, aiming to deploy capital into a select portfolio of high-potential ventures. Their typical first check size ranges from $250,000 to $750,000, indicating a preference for significant early-stage participation that can help companies achieve critical milestones. As of May 2022, the fund had already made investments in 10 companies, with a stated goal of building a portfolio of 20 to 25 companies.

Beyond capital, Interlace Ventures emphasizes providing strategic value to its portfolio companies, leveraging the extensive industry experience of its founders and network. Vincent Diallo brings a background in venture capital and strategic partnerships, while Joe Megibow offers deep operational expertise from his roles as a former CEO and executive in e-commerce and retail. This blend of financial acumen and operational insight allows Interlace Ventures to act as more than just a capital provider, offering guidance on product development, market strategy, and scaling operations within the complex commerce ecosystem. Their hands-on approach aims to foster long-term growth and success for the startups they back.