Spider Capital

Spider Capital is a San Francisco-based early-stage venture capital firm dedicated to investing in enterprise software companies that are driving the digital transformation of various industries. Founded by Michael Morgenthal and Jeremy Levine, the firm has established itself as a prominent player in the seed-stage ecosystem, focusing on disruptive technologies that enhance business operations and efficiency. Their investment thesis centers on identifying visionary founders building foundational software solutions for the modern enterprise.

The firm primarily targets seed-stage companies, often taking a lead or co-lead position in funding rounds. Spider Capital typically deploys initial checks ranging from $1 million to $3 million, indicating a commitment to providing substantial early capital to promising startups. This strategic approach allows them to partner closely with entrepreneurs from the very beginning, offering not just financial backing but also hands-on support, strategic guidance, and access to a robust network of industry experts and potential customers.

With over $150 million under management, Spider Capital has built a diverse portfolio of over 70 companies. Their successful track record is further underscored by the fact that their portfolio companies have collectively raised over $1.5 billion in follow-on capital, demonstrating the strong investor confidence and growth potential within their investments. This significant follow-on funding highlights Spider Capital's ability to identify companies with long-term viability and scalability.

Spider Capital's deep expertise in enterprise software and its commitment to fostering the growth of its portfolio companies make it a valuable partner for startups navigating the complex landscape of digital transformation. Their focused investment strategy and active involvement aim to accelerate the development and market penetration of innovative enterprise solutions.