Leadout Capital

Leadout Capital is an early-stage venture capital firm based in Palo Alto, California, dedicated to investing in Seed and Series A stage companies. Founded in 2019 by Managing Partner Alison Davis, the firm positions itself as a hands-on partner for ambitious founders. Leadout Capital is known for its concentrated portfolio approach, aiming to provide significant support and guidance to a select group of promising startups rather than spreading investments thinly across many.

The firm operates with a broad, sector-agnostic mandate, demonstrating flexibility across various high-growth industries. Their investment interests span enterprise software, fintech, consumer applications, healthcare technology, and deep tech innovations. Leadout Capital typically takes a lead or co-lead position in funding rounds, indicating a strong commitment to shaping the strategic direction and governance of their portfolio companies. This active involvement is a cornerstone of their investment philosophy, aiming to leverage their experience to accelerate growth.

Leadout Capital has successfully raised two funds, underscoring its growing presence in the early-stage venture landscape. Their debut fund, Leadout Capital Fund I, closed with $50 million in 2019, targeting initial investments in the range of $1 million to $3 million. Building on this success, the firm announced the close of its second fund, Leadout Capital Fund II, at $100 million in 2022. With this larger capital base, their typical initial check sizes expanded, now ranging from $1 million to $5 million, with additional reserves allocated for follow-on investments in their most promising ventures. This brings their total assets under management to $150 million.

Leadout Capital's strategy emphasizes deep engagement and a long-term view, seeking to partner with founders who are building category-defining companies. Their commitment to leading or co-leading rounds, combined with their willingness to invest across diverse sectors, positions them as a strategic capital provider for early-stage companies seeking not just funding, but also active partnership and operational support.