Preface Ventures

Preface Ventures is a New York City-based venture capital firm that specializes in early-stage investments, primarily focusing on Pre-Seed and Seed rounds. The firm's core thesis revolves around backing "Frontier Enterprise" companies, which are those building foundational software and infrastructure that improve how businesses operate. This includes areas such as artificial intelligence, developer tools, automation, and the future of work.

Since its inception, Preface Ventures has demonstrated a clear growth trajectory in its funding capacity. The firm successfully closed its debut fund, Preface Ventures I, in 2020, raising $30 million to support its initial investment activities. Building on this success, they announced the close of their second fund, Preface Ventures II, in June 2023, which significantly expanded their capital base to $60 million. This increased fund size allows them to provide more substantial support to their portfolio companies and potentially lead larger seed rounds.

Preface Ventures typically writes initial checks ranging from $1 million to $2 million, reserving additional capital for follow-on investments as their portfolio companies grow. Their investment philosophy, encapsulated by their motto "The capital before the story," emphasizes partnering with visionary teams at the earliest stages, providing not just financial backing but also strategic guidance to help shape the narrative and trajectory of these nascent enterprises. They seek out teams that are developing critical solutions designed to enhance productivity and efficiency across various industries.