About 1789 Capital
1789 Capital is a venture capital firm founded in 2023. It is primarily based out of Palm Beach, United States. As of Oct 2026, 1789 Capital is an active investor, having invested in 16 companies, with 8 new investments in the last 12 months. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Consumer. Most recently it participated in the $***** Series B round of Nous Research Overall, 1789 Capital portfolio has seen 11 unicorns and 1 IPO including key companies like Substack, Polymarket and Groq. A lot of funds co-invest with 1789 Capital, with names like Disruptive sharing a substantial percentage of its portfolio. 1789 Capital has team of 10 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series E, Series C & 4 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
1789 Capital's List of Top Investments
1789 Capital has a portfolio of 16 companies, including 11 unicorns. Their most notable investments are in Polymarket and Vulcan Forms.Their portfolio spans across and United States. They have invested in High Tech, Enterprise Applications, Consumer and 9 other sectors, across stages such as Series E, Series C and 4 more. Here is the list of top investments by 1789 Capital:
1. Ramp
Provider of a platform for spend management, corporate cards, and payables. The platform offers features such as expense management, accounts payable processing, and travel management. It also provides procurement and accounting automation capabilities. The platform aims to streamline financial operations and improve efficiency for finance teams.
Key facts about Ramp
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $3.22B
- Employee Count: 5,977 as on Aug 31, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 73 Others
- Latest Funding Round: Series F, Jun 04, 2026, $*****
- Highlight: Editors' Pick
2. Substack
Substack is a publishing platform that enables independent writers to create and distribute their own newsletters to a global audience, offering a self-serve model for content creation and monetization.
Key facts about Substack
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $190M
- Employee Count: 4,185 as on Aug 31, 2026
- Investors: TriplePoint Capital, Bond Capital and 34 Others
- Latest Funding Round: Series C, Jul 17, 2025, $*****
- Highlight: Editors' Pick
3. Polymarket
Online platform providing crypto-based betting games and activities. It is a crypto gambling platform offering various games for users. It allows users to place bets on various sports tournaments and leagues. The platform is offering cryptocurrency-based prediction market solutions, where users can buy and sell shares representing future event outcomes.
Key facts about Polymarket
- Founded Year: 2020
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $3.3B
- Employee Count: 453 as on Jul 31, 2026
- Investors: Founders Growth Equity Fund, WndrCo and 39 Others
- Latest Funding Round: Series D, Sep 01, 2026, $*****
- Highlight: Editors' Pick
4. Groq
Developer of specialized hardware processors for artificial intelligence inference workloads. These processors facilitate the execution of machine learning models by accelerating data processing tasks. The technology supports the deployment of large language models and other computational applications within cloud environments. The hardware architecture focuses on reducing latency and increasing throughput for real-time data analysis.
Key facts about Groq
- Founded Year: 2016
- Location: Mountain View (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.77B
- Employee Count: 314 as on Sep 30, 2026
- Investors: equitywestsecurities.com, Disruptive and 54 Others
- Latest Funding Round: Series A, Aug 17, 2026, $*****
- Highlight: Editors' Pick
5. PsiQuantum
Developer of photon-based universal quantum computers. It uses photonic technology to develop error-corrected general-purpose quantum computers. It has applications in drug discovery, personalized medicine, artificial intelligence, and materials sciences.
Key facts about PsiQuantum
- Founded Year: 2015
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.32B
- Employee Count: 670 as on Aug 31, 2026
- Investors: T. Rowe Price, Baillie Gifford and 39 Others
- Latest Funding Round: Series E, Sep 10, 2025, $*****
- Highlight: Editors' Pick
1789 Capital's Year-on-Year Investment Trends
In 2025, it made 9 investments, while as of Oct 2026, it has made 10 investments in this year. Its most recent first time investment was in Nous Research and most recent follow-on round was in Polymarket.1789 Capital's Investments by Stage
1789 Capital is primarily an Late Stage Investor investor majorly investing in Series E (4) rounds where average round size is $2.56B, Series C (3) rounds where average round size is $1.72B and Series D (3) rounds where average round size is $570M.Stage of entry | No. of Investments |
|---|---|
Series E | 4 |
Series C | 3 |
Series D | 3 |
Series B | 2 |
Seed | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
1789 Capital's Investments by Sector
1789 Capital has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Semiconductors, Enterprise Infrastructure and Industrial Goods and Manufacturing. Notably, it has invested in 14 Tech companies, 13 Enterprise (B2B) companies, 9 Software companies and at least 7 companies focusing on AI-Native.Sector | No. of Investments |
|---|---|
High Tech | 9 |
Enterprise Applications | 6 |
Semiconductors | 4 |
Enterprise Infrastructure | 3 |
Industrial Goods and Manufacturing | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
1789 Capital's Investments by Geography
1789 Capital has made most investments in United States (14).1789 Capital's recent investments
1789 Capital has made 10 investments in 2026 so far. Nous Research and Polymarket are the latest among them.Here are the most recent investments by 1789 Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 08, 2026 | United States | Series B | 2095 | [+6] | |
Sep 01, 2026 | United States | Series D | 5164 | ||
Aug 06, 2026 | United States | Series D | 4721 | ||
Jun 04, 2026 | United States | Series F | 3251 | [+25] | |
May 21, 2026 | United States | Seed | 5306 | - |
Unicorns in 1789 Capital's Portfolio
1789 Capital has 11 unicorns in its portfolio - Hadrian, ReflectionAI, Substack and others. The most recent unicorn in their portfolio is Hadrian. It became a unicorn in 2026.Here is a list of unicorns in 1789 Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Manufacturer of precision components and automated factory systems | 2021 | Torrance | Series D | oyfgkbp | ||
66 | Developer of autonomous coding systems | 2024 | Brooklyn | Series B | dbvtbfc | ||
84 | Platform allowing writers to publish and monetize their content directly with readers. | 2017 | San Francisco | Series C | ibvtlzc | ||
75 | Online platform providing crypto-based betting games and activities | 2020 | New York City | Series D | xvfttyy | ||
71 | Developer of optical interconnect solutions for artificial intelligence infrastructure applications | 2015 | San Jose | Series E | hwllstj |
IPOs and Publicly Listed companies in 1789 Capital's Portfolio
1 of 1789 Capital's portfolio company became public - Cerebras. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2026 at marketcap of $5.55BHere are 1789 Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 14, 2026 | Sep 30, 2025 | Series G | 6560 |
Team profile of 1789 Capital
1789 Capital has a team of 10 members including 8 Partners and 1 Principal located in United States. 1789 Capital's team does not sit on the board of any company as of now.Here is a list of all team members in 1789 Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | New York City | - | - | |
Partner | United States | - | ||
Partner | Scottsdale | - | ||
Partner | - | - | - | |
Partner | Miami Beach | - | - | |
Partner | New York City | - | - | |
Partner | United States | - | ||
Principal | Miami | - | - |
Co-investors of 1789 Capital
Over the past year, 291 investors have co-invested in 1789 Capital's portfolio companies. This includes funds and angels.
- Invested before 1789 Capital: Founders Fund, Sequoia Capital and 195 others have invested in rounds before 1789 Capital. There are 5 companies where Founders Fund has invested before 1789 Capital and 3 companies where Sequoia Capital has invested before 1789 Capital.
- Top Co-investors of 1789 Capital: 71 investors entered a company along with 1789 Capital. These include investors like Disruptive (3 companies).
- Invested after 1789 Capital: A total of 23 investors have invested in 1789 Capital's portfolio after their investments. Top Investors include Morgan Stanley (2 companies), IconiQ (1 company) and Ontario Teachers' Pension Plan (1 company).
Recent News related to 1789 Capital
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1789 Capital Leads Funding Round for Polymarket, Valuing It at $21BCryptocurrency•Sep 01, 2026•1789 Capital, Polymarket
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Polymarket reportedly raises $300 million from Donald Trump Jr.'s investment fundTechCrunch+•Sep 01, 2026•1789 Capital, Polymarket, Bloomberg
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NYSE Parent May Invest Further in Polymarket as Valuation Surpasses $20 BillionCryptocurrency•Aug 20, 2026•Intercontinental Exchange, Polymarket, 1789 Capital, Bloomberg and 1 other
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Donald Trump Jr. returns to real estate roots with $1.2B raiseThe Real Deal•Aug 14, 2026•1789 Capital
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Axiom Space Secures $525 Million in Funding, MUFG Bank Joins as InvestorJapan Times•Jun 05, 2026•MUFG, Axiom Space, 1789 Capital, MUFG Bank and 5 others
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Starlab and 1789 Capital Announce Strategic InvestmentBusiness Wire•May 21, 2026•1789 Capital, Starlab, StarLab
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Replit Snags $9B Valuation 6 Months After Hitting $3BTechCrunch+•Mar 12, 2026•Replit, Georgian, Craft Ventures, Andreessen Horowitz and 10 others
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Ayar Labs Closes $500M Series E, Accelerates Volume Production of Co-Packaged OpticsBusiness Wire•Mar 03, 2026•Alchip Technologies, Sequoia Capital, Boardman Bay Capital Management, Insight Partners and 24 others
