Indicator Ventures
Overview
Indicator Ventures is a pre-seed and seed stage venture capital firm, investing in technology companies across the U.S. Founded in 2013, Indicator Ventures at the earliest stage in high-velocity founders building radically different technology companies with unique business models or distribution. The team of three GPs each has over 15 years of experience, and we've developed a focused, boutique strategy to consistently deliver exceptional returns for our LPs. The firm results come from discipline: concentrated portfolio construction, right-sized funds, and a high-conviction approach. The firm deploy 80 percentage of capital before Series A, lead early, buy up before others believe, and take secondary when it's time to manage concentration and lock in gains. The firm stay focused and in
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Dandy | - | Seed | Co-investor |
| Hermeus | Mar 2022 | Series B | Co-investor |
| Beacon Biosignals | Apr 2026 | Series B | Co-investor |
| Airspace Link | Jun 2022 | Series B | Co-investor |
| Formic | Jan 2022 | Series A | Co-investor |
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Key People
Ben Luntz
Co-founder Partner Emeritus
Geoffrey Bernstein
Co-founder & Managing Partner
Jonathan Struhl
Co-founder General Partner
Baiyin Murphy
General Partner
Daniel Lieberman
Venture Partner
John Brennan
Venture Partner
Kyle Ellicott
Venture Partner
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Indicator Ventures based?
Indicator Ventures is headquartered in Boston, Massachusetts, United States.
When was Indicator Ventures founded?
Indicator Ventures was founded in 2013.
How many portfolio companies does Indicator Ventures have?
Indicator Ventures has 39 portfolio companies in Caplight's dataset.
What are some companies in Indicator Ventures's portfolio?
Portfolio companies visible on Caplight include Dandy, Hermeus, Beacon Biosignals, Airspace Link, Formic.
What was Indicator Ventures's most recent investment shown here?
Indicator Ventures's most recent investment in this portfolio sample was in Beacon Biosignals in 2026.
What sectors does Indicator Ventures focus on?
Indicator Ventures focuses on Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Healthcare & Life Sciences, Healthcare & Life Sciences, FinTech, Crypto & Web3, Frontier & Industrial Tech, Media, Entertainment & Gaming, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Consumer & Commerce, Cybersecurity, Consumer & Commerce, Healthcare & Life Sciences, Frontier & Industrial Tech, FinTech, Mobility, Transportation & Logistics, FinTech, Consumer & Commerce, Media, Entertainment & Gaming, Frontier & Industrial Tech, Enterprise Software, FinTech, Enterprise Software, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Enterprise Software, FinTech, Real Estate & PropTech, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Media, Entertainment & Gaming, Enterprise Software, FinTech, Enterprise Software, Enterprise Software, FinTech, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, FinTech, AI, Data & Cloud Infrastructure.
What company stages does Indicator Ventures focus on?
Indicator Ventures typically invests at the Early stage.
What is Indicator Ventures's AUM?
Indicator Ventures's assets under management are estimated between $50.0M and $100.0M.