IN

Initiative Capital (IC)

VC
San Francisco, CA

Initiative Capital (IC) is a Pre-Seed, Seed venture capital firm based in San Francisco, CA investing in Developer Tools, AI / ML. The firm typically writes $300K–$5.0M checks and has 2 portfolio companies in our records.

Check size
$300K–$5.0M
Portfolio
2 companies on record
Partners
6 listed
Stage
Pre-Seed, Seed
Sectors
Developer Tools, AI / ML
HQ
San Francisco, CA
AUM
Not in our records

Last verified: 2026-05-04

How to approach: cold outreach ok
Stage

Pre-Seed, Seed

Check Size

$300K – $5.0M

Portfolio

2+ companies

Team

6 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

IC focuses on early-stage solutions advancing cloud infrastructure, AI systems, and operational efficiency through intelligent tooling.

How Initiative Capital (IC) invests

Initiative Capital (IC) is a vc firm based in San Francisco, CA. The firm invests at the Pre-Seed, Seed stages, with a focus on Developer Tools, AI / ML. It does not invest in Consumer, Hardware.

Initiative Capital (IC) typically writes checks of $300K–$5.0M per investment.

Initiative Capital (IC) has backed 2 companies in our records, including Shogun, Platform.sh.

Partners & Team

CA

Carrie Adams

Investment Partner

Cloud Infrastructure
Enterprise Tools
JM

Jean-Bernard Meurisse

Partner

SmallCap
Local SMEs / Private Equity in France
JL

Jean-Michel Laveu

Partner

SmallCap
Growth & Buy-outs in French SMEs
TG

Thierry Giron

Managing Partner

SmallCap
Management/Buy-outs
SME transformation
PD

Philippe Dilasser

Partner

SmallCap
Private Equity investments
FO

François-Xavier Oliveau

Partner

Transformation
Operational improvements
Strategic value creation

Industry Focus

Invests In

Developer Tools
AI / ML

Does Not Invest In

Consumer
Hardware

Portfolio Companies (2)

Other

SH

Shogun

Cloud Computing
PL

Platform.sh

DevOps
How to pitch Initiative Capital (IC)
  • Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • Lead with your fit in Developer Tools, AI / ML — the sectors they actively back.
  • Size your ask to their typical $300K – $5.0M check.
  • cold outreach ok
  • Address your outreach to a specific partner, such as Carrie Adams, Investment Partner.
  • A warm introduction beats a cold email. Get matched and request an intro.

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