Seven Seven Six

Seven Seven Six, founded in 2020 by Reddit co-founder Alexis Ohanian, is a prominent venture capital firm based in Palm Beach Gardens, United States. The firm distinguishes itself with a strong focus on early-stage investments, primarily targeting seed and Series A rounds across various high-growth sectors. Ohanian established Seven Seven Six with a vision to build a new kind of venture firm, emphasizing transparency, founder support, and a data-driven approach to investment.

A key differentiator for Seven Seven Six is its proprietary "decryption" software, which provides limited partners (LPs) with real-time, granular insights into the firm's portfolio performance and operations. This commitment to transparency sets a new standard in the venture capital landscape. The firm has rapidly grown its assets under management, successfully raising multiple funds. Its initial fund, Fund I, closed at $150 million in 2020, followed by Fund II, which secured $500 million in 2021. Most recently, in 2023, Seven Seven Six closed its third fund, Fund III, also at $500 million, bringing its total assets under management to over $1.2 billion.

Seven Seven Six deploys capital into a diverse range of industries, including cryptocurrency, climate technology, B2B SaaS, and consumer applications. The firm is known for its founder-friendly approach, offering significant operational support and leveraging Ohanian's extensive network and experience in building successful tech companies. Typical first check sizes for Seven Seven Six generally range from $1 million for early seed rounds up to $10 million for more developed seed or Series A opportunities, reflecting their capacity to lead or co-lead significant early-stage financings.

The firm's strategic investments include notable companies such as Sky Mavis (creators of Axie Infinity), Alt, and Polygon, demonstrating its keen eye for disruptive technologies and promising startups. Seven Seven Six continues to be an influential player in the early-stage venture ecosystem, actively shaping the future of technology by backing innovative founders and fostering a culture of openness and accountability within the venture capital industry.