About Afore Capital
Afore Capital is a venture capital firm founded in 2016. It is primarily based out of San Francisco, United States. As of Sep 2026, Afore Capital is an active investor, having invested in 123 companies, with 11 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Baselayer Overall, Afore Capital portfolio has seen 6 unicorns, 1 IPO and 22 acquisitions including key companies like Cult.fit, Neo Financial and Hightouch. A lot of funds co-invest with Afore Capital, with names like FJ Labs sharing a substantial percentage of its portfolio. Afore Capital has team of 22 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Afore Capital's List of Top Investments
Afore Capital has a portfolio of 123 companies, including 6 unicorns. Their most notable investments are in Merch Kit and Highlight.Their portfolio spans across United States, Canada, India and 5 more locations. They have invested in Enterprise Applications, High Tech, Retail and 26 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Afore Capital:
1. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Chiratae Ventures, Temasek and 100 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Highlight: Editors' Pick
Provider of financial products and services including credit cards, accounts, and investment options. It offers various credit card options with cashback rewards. Account services include everyday accounts and high-interest savings accounts. Investment options are also available through expertly managed portfolios. It also offers customized financial and loyalty solutions for businesses and brands. This platform enables organizations to enhance customer engagement through integrated rewards programs leveraging a robust cashback network. It also provides financial services and education for teenagers by offering financial tools, including a spending card with cashback rewards and a high-interest savings account, designed to help young individuals manage their money effectively. Its app is available across Android and iOS platforms.
Key facts about Neo Financial
- Founded Year: 2019
- Location: Calgary (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $344M
- Employee Count: 1,015 as on Aug 31, 2026
- Investors: Inovia Capital, ATB Financial and 27 Others
- Latest Funding Round: Series D, Feb 03, 2026, $*****
- Highlight: Editors' Pick
3. Hightouch
Provider of an AI-powered marketing and customer data platform. It helps teams create, personalize, and launch omnichannel campaigns using real-time customer data and automation. It combines audience management, real-time personalization, AI-powered campaign generation, reverse ETL, and integrations with hundreds of enterprise tools to enable scalable, data-driven marketing operations.
Key facts about Hightouch
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $322M
- Employee Count: 636 as on Aug 31, 2026
- Investors: Sapphire Ventures, NewView Capital and 23 Others
- Latest Funding Round: Series D, Apr 29, 2026, $*****
- Highlight: Editors' Pick
4. NEWME
Internet First brand of current-trend women's apparel, accessories, and coordinated outfit sets. It offers a variety of clothing such as dresses, tops, denim, bottoms, and T-shirts. The company also provides accessories including necklaces and hair clips. Coordinated sets, sportswear, and loungewear are available for purchase.
Key facts about NEWME
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $35.6M
- Employee Count: 280 as on Aug 31, 2025
- Investors: Innoven Capital, Fireside Ventures and 23 Others
- Latest Funding Round: Series B, Nov 29, 2025, $*****
- Highlight: Editors' Pick
5. Goldcast
Cloud based platform offering virtual event management solutions. Features include virtual event marketing, detailed onboarding, attendee tracking, custom branding, white glove support, post event analytics, CRM integrations, attendee engagement management, interactive discussion rooms, and more.
Key facts about Goldcast
- Founded Year: 2020
- Location: Cambridge (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $42M
- Employee Count: 181 as on Aug 31, 2026
- Investors: WestBridge Capital, Underscore VC and 17 Others
- Latest Funding Round: Series A, Aug 25, 2022, $*****
- Highlight: Acquired
Afore Capital's Year-on-Year Investment Trends
Afore Capital has invested in 123 companies over the last 9 years, with an average of 11 new investments annually in the last 5 years. In 2025, it made 21 investments, while as of Sep 2026, it has made 8 investments in this year. Its most recent first time investment was in Baselayer and most recent follow-on round was in Baselayer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 1 | 8 |
2025 | 17 | 4 | 21 |
2024 | 12 | 4 | 16 |
2023 | 6 | 2 | 8 |
2022 | 9 | 10 | 19 |
2021 | 16 | 4 | 20 |
2020 | 4 | 4 | 8 |
2019 | 5 | 5 | 10 |
2018 | 5 | 1 | 6 |
2017 | 6 | 0 | 6 |
Afore Capital's Investments by Stage
Afore Capital has made 60 investments in Seed stage with an average round size of $5.75M, 25 investments in Series A stage with an average round size of $15.7M, 1 investment in Series B stage with an average round size of $23M and 1 investment in Unattributed stage with an average round size of $9M.Stage of entry | No. of Investments |
|---|---|
Seed | 60 |
Series A | 25 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Afore Capital's Investments by Sector
Afore Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Vertical SaaS and FinTech. Notably, it has invested in 114 Tech companies, 96 Enterprise (B2B) companies, 86 Software companies and at least 51 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 66 |
Consumer | 17 |
High Tech | 15 |
Vertical SaaS | 15 |
FinTech | 13 |
Others | 73 |
Note: We have considered here, only first round of investments
Afore Capital's Investments by Geography
Afore Capital has made most investments in United States (75), followed by Canada where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 75 |
Canada | 6 |
Argentina | 1 |
India | 1 |
Namibia | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Afore Capital's recent investments
Afore Capital has made 8 investments in 2026 so far. Baselayer and CivilGrid are the latest among them.Here are the most recent investments by Afore Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2026 | United States | Series A | 2952 | [+3] | |
Aug 28, 2026 | United States | Series A | 8454 | [+3] | |
Aug 18, 2026 | United States | Seed | 3641 | [+8] | |
Aug 03, 2026 | United States | Series A | 3715 | [+3] | |
Jul 22, 2026 | United States | Seed | 4343 | [+1] |
Unicorns in Afore Capital's Portfolio
Afore Capital has 6 unicorns in its portfolio - Gamma, Hightouch, Neo Financial and others. The most recent unicorn in their portfolio is Gamma. It became a unicorn in 2025, 4 years after Afore Capital first invested in it.Here is a list of unicorns in Afore Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of AI based presentation tool for enterprise collaboration | 2020 | San Francisco | Series B | afdytpk | ||
73 | Provider of an AI-powered marketing and customer data platform | 2019 | San Francisco | Series D | wqthhcw | ||
76 | Provider of financial products and services including credit cards, accounts, and investment options | 2019 | Calgary | Series D | oc{rjue | ||
83 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru | Series G | ohdn{dz | ||
67 | Provider of an AI-powered platform delivering personalized coaching and development | 2013 | Austin | Series E | fzd{{od |
IPOs and Publicly Listed companies in Afore Capital's Portfolio
1 of Afore Capital's portfolio company became public - Wakie.Here are Afore Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 9769 |
Acquired companies in Afore Capital's Portfolio
22 companies from Afore Capital's portfolio have been acquired. The most recent acquisition was Opennote in May 2026 by Reducto for $*****.Here are Afore Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2026 | Jul 09, 2025 | Seed | 4729 | |
Apr 27, 2026 | Apr 22, 2021 | Seed | 1023 | |
Feb 01, 2026 | Oct 12, 2021 | Seed | 1261 | |
Jan 12, 2026 | Jan 07, 2025 | Seed | 1452 | |
Dec 15, 2025 | Feb 23, 2021 | Seed | 3063 |
Team profile of Afore Capital
Afore Capital has a team of 22 members including 2 Partners, 8 Venture Partners and 5 Principals located in United States. Afore Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Afore Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Venture Partner | - | - | - | |
Venture Partner | Los Angeles | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | Boston | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | Princeton | - |
Co-investors of Afore Capital
Over the past 9 years, 611 investors have co-invested in Afore Capital's portfolio companies. This includes funds and angels.
- Invested before Afore Capital: Y Combinator, Fireside Ventures and 61 others have invested in rounds before Afore Capital. There are 7 companies where Y Combinator has invested before Afore Capital and 1 company where Fireside Ventures has invested before Afore Capital.
- Top Co-investors of Afore Capital: 320 investors entered a company along with Afore Capital. These include investors like FJ Labs (5 companies).
- Invested after Afore Capital: A total of 228 investors have invested in Afore Capital's portfolio after their investments. Top Investors include Gaingels (3 companies), Knollwood Investment Advisory (3 companies) and Northleaf (2 companies).
Recent News related to Afore Capital
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Baselayer Secures $35M Series A to Build Trust Layer for Agentic EconomySiliconAngle•Sep 22, 2026•Stripe, Visa, Baselayer, M13 and 4 others
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CivilGrid raises $26 million in Series A funding for its underground infrastructure information platformStartup Log•Aug 28, 2026•CivilGrid, SNR, Energy Impact Partners, A Star and 3 others
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Hypercubic Raises $5.3M Seed Funding to Modernize Legacy COBOL Applications Using AISiliconAngle•Aug 18, 2026•Hypercubic, Pioneer Fund, Afore Capital, Unpopular Ventures and 3 others
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Noon Raises $44M in Seed FundingFinSMEs•Apr 06, 2026•Elevation Capital, Scribble Ventures, Afore Capital, First Round Capital and 1 other
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Iterative.ai raises $20m to build open source MLOps toolsAIBusiness•Dec 12, 2025•DataChain, True Ventures, Afore Capital, 468 Capital
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Flint Raises $15M Series A to Personalize Learning for the AI-Native GenerationAccess Newswire•Nov 06, 2025•Patron, Flint, AME Cloud Ventures, Basis Set Ventures and 12 others
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Brothers, 19 and 20, Stanford dropouts, raise $4.1M in oversubscribed seed round to build Golpo AI and reimagine AI video generationFinancial Post•Oct 20, 2025•Golpo Story, Afore Capital, Emergence Capital, BNVT Capital and 4 others
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Develop Health garners $14.3M for AI prior authorization platformMobiHealthNews•Aug 21, 2025•Develop Health, J-Ventures, South Park Commons, Afore Capital and 2 others
