HomeUSAZelda Ventures Launches with $33M Debut Fund

Zelda Ventures Launches with $33M Debut Fund

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Zelda Ventures, a Portola Valley, CA-based newly formed investment firm founded and led by General Partner Suzanne Fletcher, closed its first fund, at $33m.

The pre-seed fund invests in the next companies of founders whom Fletcher has backed before. As a generalist fund, Zelda Ventures has already backed nearly a dozen startups – including Andromeda Surgical, Pointable, and Redcoat AI – with plans to triple the number of investments by 2026.

Fletcher brings over two decades of investment experience, investing alongside top VCs including Lightspeed, Andreessen Horowitz, DCVC, Founders Fund, and 8VC. Prior to founding Zelda Ventures, she was a general partner at Prime Movers Lab, Before that, Fletcher managed the co-investment vehicle at StartX, for five years. She has a Bachelor Science in Economics from the Wharton School of Business at the University of Pennsylvania, magna cum laude, and an MBA from Stanford University Graduate School of Business.   

Fletcher has backed 350+ startups founded by 900+ entrepreneurs. Among these entrepreneurs, Fletcher estimates that 10% will launch new companies each year. Investments prior to Zelda represent over $50 billion in company value and include 12 unicorns, including Sourcegraph, Hive, Alation, Turing, Dexterity, Orca Bio, and more, with an additional 30 successful exits such as Nearpod (acquired by Renaissance Learning), Osmo (acquired by Tangible Play), Cleargraph (acquired by Tableau), Eero (acquired by Amazon), and Sweep (acquired by Affirm).

Fletcher said: “Zelda Ventures is the culmination of decades spent nurturing entrepreneurial talent and building authentic relationships. With an extensive network and a strong understanding of the startup ecosystem, I’m excited to collaborate with entrepreneurs, many of whom I’ve known for nearly 10 years, as they begin building their next companies. The fund’s name pays homage to the iconic video game character, the beloved badass associated with hunting for and finding treasure, and that’s precisely the spirit I aim to embody.

VCWire

07/12/2023