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Plus Capital

North America, California, United States, Marina Del Rey

Description

Plus Capital is a distinctive venture capital firm based in Marina Del Rey, California, established in 2018. It operates on a unique "venture infrastructure" model, empowering elite artists, athletes, and cultural influencers to strategically invest in and build transformative companies. The firm positions itself as a bridge between the world of celebrity influence and promising early-stage startups, aiming to leverage the significant reach and brand power of its network to accelerate portfolio company growth.

The firm's investment strategy primarily targets Seed and Series A rounds, with a focus on consumer-centric sectors including media, technology, sports, and entertainment. Plus Capital typically deploys initial checks ranging from $1 million to $5 million, though they may participate in follow-on rounds at later stages. Their value proposition extends beyond capital, as they actively facilitate connections, provide strategic guidance, and unlock marketing opportunities through their extensive network of high-profile individuals, offering a unique advantage to their portfolio companies in areas like brand building and customer acquisition.

Plus Capital has demonstrated significant growth in its fundraising efforts. The firm successfully closed its first fund at $50 million, which was followed by the close of its second fund at a substantial $100 million. This capital has been deployed across a diverse portfolio of notable companies, including successful ventures like Liquid IV (acquired by Unilever), Therabody, Calm, GoPuff, Oura, and Athletic Greens. By aligning the interests of influential figures with innovative startups, Plus Capital has carved out a specialized niche in the venture landscape, proving its model effective in driving both financial returns and strategic value.

Investor Profile

Plus Capital has backed more than 38 startups, with 2 new investments in the last 12 months alone. The firm has led 4 rounds, about 11% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, E-Commerce, Health Care.
  • Typical check size: $1M – $5M.

Stage Focus

  • Series A (39%)
  • Series B (21%)
  • Series D (8%)
  • Series C (8%)
  • Seed (8%)
  • Series Unknown (5%)
  • Convertible Note (5%)
  • Private Equity (3%)
  • Series E (3%)

Country Focus

  • United States (95%)
  • Canada (5%)

Industry Focus

  • Software
  • E-commerce
  • Health Care
  • Apps
  • Information Technology
  • Wellness
  • Human Resources
  • Music
  • Fashion
  • Internet
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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 Plus Capital frequently co-invest with?

ICONIQ Growth
North America, California, United States, San Francisco
Co-Investments: 3
IG
North America, California, United States, Palo Alto
Co-Investments: 3
Obvious Ventures
North America, California, United States, San Francisco
Co-Investments: 2
SV Angel
North America, California, United States, San Francisco
Co-Investments: 4
Anthem Venture Partners
North America, California, United States, Santa Monica
Co-Investments: 3
Baroda Ventures
North America, California, United States, Beverly Hills
Co-Investments: 3
BoxGroup
North America, New York, United States, New York
Co-Investments: 2
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 3
Double M Partners
North America, California, United States, Los Angeles
Co-Investments: 3
Notable Capital
North America, California, United States, Menlo Park
Co-Investments: 3

Which angels does Plus Capital often collaborate with?

Dennis Phelps
North America, California, United States, San Francisco
Shared Deals: 2
Aubrey Graham (Drake)
North America, Ontario, Canada, Toronto
Shared Deals: 2
AG
North America, New York, United States, New York
Shared Deals: 2
MM
North America, Texas, United States
Shared Deals: 2
PG
North America, California, United States, Los Angeles
Shared Deals: 3
Shawn Mendes
North America, Ontario, Canada, Pickering
Shared Deals: 4
JH
North America, California, United States, Los Angeles
Shared Deals: 2
JL
North America, California, United States, Los Angeles
Shared Deals: 2
Shared Deals: 2
ND
North America, California, United States, Los Angeles
Shared Deals: 2

What are some of recent deals done by Plus Capital?

Sage

New York, New York, United States

Sage is an operation management system that enhances senior caregiving efficiency.

AppsSocialSoftware
Series BDec 5, 2024
Amount Raised: $35,000,000
OneSkin

San Francisco, California, United States

OneSkin is a longevity company developing products designed to extend skin and body health by targeting aging at its source.

BeautyBiotechnologyCosmeticsHealth CareWellness
Series ANov 13, 2024
Amount Raised: $7,000,000
Grow Therapy

New York, New York, United States

Grow Therapy is a provider-centric mental health technology company improving access to high-quality mental healthcare.

Health CareMedicalMental HealthTherapeutics
Series CApr 8, 2024
Amount Raised: $88,000,000
Homebase

San Francisco, California, United States

Homebase is a software application that provides tools for employee scheduling, time tracking, communication, and task management.

AppsHuman ResourcesProfessional ServicesSoftware
Series DApr 3, 2024
Amount Raised: $60,000,000
Vivrelle

New York, New York, United States

Vivrelle is a membership club that provides access to a shared closet of designer handbags, jewelry, and diamonds.

E-CommerceFashionJewelry
Series BNov 3, 2022
Amount Raised: $35,000,000
Pachama

San Francisco, California, United States

Pachama harnesses AI and satellite data to empower companies to confidently invest in nature.

Artificial Intelligence (AI)CleanTechForestryMachine LearningMarketplace
Series BMay 5, 2022
Amount Raised: $55,000,000
MoonPay

Dover, Delaware, United States

MoonPay is a financial technology company that builds payments infrastructure for crypto.

CryptocurrencyDecentralized Finance (DeFi)Financial ServicesFinTechMobile Payments
Series AApr 13, 2022
Amount Raised: $87,000,000
SmartSweets

Vancouver, British Columbia, Canada

SmartSweets is driving innovation through creation of the first candy products that kick sugar Naturally.

E-CommerceFood and BeverageFood ProcessingOrganic Food
Series UnknownMar 8, 2022
AvantStay

Los Angeles, California, United States

AvantStay is a technology-first hospitality brand for experiential group travel.

HospitalityTourismTravel
Series BDec 15, 2021
Amount Raised: $160,000,000
BetterUp

San Francisco, California, United States

BetterUp develops an AI-driven platform that helps people and businesses grow personally and professionally through coaching.

Corporate TrainingHuman ResourcesPersonal DevelopmentTrainingWellness
Series EOct 8, 2021
Amount Raised: $300,000,000