HomeUSAZero Prime Ventures Closes Second Fund, at $48M

Zero Prime Ventures Closes Second Fund, at $48M


Zero Prime Ventures (previously Data Community Fund), a San Francisco, CA-based venture capital firm that backs day zero engineer-founders, closed its second fund, at $48m.

Fund II received support from VCs and data experts, including Olivier Pomel, CEO of Datadog; Jordan Tigani, CEO of Motherduck; David Aronchick, co-creator of Kubeflow; Wes McKinney, co-founder of Voltron Data and co-creator of Apache Arrow; as well as firms like AngelList, Bain Capital Ventures, Founders Fund, and Foundation Capital.

Started by serial entrepreneur, engineer and Data Council founder Pete Soderling, joined by new Partner Yang Tran, who previously served as a Principal at Speedinvest, based out of Germany, Zero Prime Ventures invests (typically between $500k and $1.5m) in Day Zero data-oriented companies launched by deeply technical founders. They focus on startups with a clear technical differentiation in data science, ML, AI, deep learning, analytics and data infrastructure.

Fund II will place a particular focus on generative AI tooling, alongside the firm’s core data infrastructure and machine learning focus.

To date, the firm has invested in companies across the data, devtools, and AI landscape, including Hex, Motherduck, Hightouch, Anomalo, Dagster, Acryl Data, Decodable, HoneyHive, and many more.

The Fund II news comes as Zero Prime prepares for Data Council Austin 2024, the global event series started by Soderling that unites the data and AI talent communities and brings data’s most influential makers, doers, and thinkers together.

Data Council Austin 2024 will also mark the event’s first AI Launchpad. Engineer-founders of startups at the pre-incorporation or pre-seed stages (raised between 0-$1M) building AI-related B2B companies at the application or infrastructure layer can apply to demo their technology or concept on stage. Six companies will be chosen to present in front of the Zero Prime team, additional investors, and elite founders, allowing them to gain exposure and support.