Bee Partners, a San Francisco, CA-based venture capital firm focused on making DeepTech preSeed investments, closed its fourth fund, at over $50M.
Limited Partners included a diverse group of institutional and individual investors.
Led by Michael Berolzheimer, Managing Partner and Founder, Bee Partners makes pre-seed investments in DeepTech startup founders who are involved in creating the machines of tomorrow in AI/ML, Robotics, Automation, Synthetic Biology, and more.
To this end, the firm leverages a singular approach in detecting new and emerging patterns of business as well as inside access to often overlooked entrepreneurial ecosystems to identify early opportunity in large, untapped markets.
Bee Partners provides both capital, as well as support via strategic guidance, mentorship, and access to a large network of industry experts.
This approach has led the portfolio to a 60% matriculation rate to Series A. Bee’s portfolio companies consistently realize growth at levels that outstrip industry averages and have secured over $1.5B in follow-on capital from the world’s top VCs.
Bee Partners IV has already deployed 20% of its capital to seven companies, including three Generative AI startups.
Commenting on the close, Michael Berolzheimer, said: “Discipline, adaptability, and grit are at the core of our investment philosophy. We believe in supporting exceptional entrepreneurs who possess the audacity to challenge the status quo and the resilience to overcome obstacles along their journey.“
“At the preSeed stage, we not only invest capital in DeepTech startups building our tomorrow but, more importantly, we underwrite and invest our time into the humans who are building the machines of tomorrow. We believe that the success of any technological innovation lies in the resilience, adaptability, and determination of the individuals driving its development,” he added.