About Cake Ventures
Cake Ventures is a venture capital firm founded in 2018. It is primarily based out of San Francisco, United States. As of Mar 2026, Cake Ventures is an active investor, having invested in 8 companies, with 1 new investment 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 HealthTech to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of NextWork Overall, Cake Ventures portfolio has seen 1 acquisition, namely Aster. A lot of funds co-invest with Cake Ventures, with names like Muse Capital sharing a substantial percentage of its portfolio. Cake Ventures has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Cake Ventures' List of Top Investments
Cake Ventures has a portfolio of 8 companies. Their most notable investments include Eli and NextWork.Their portfolio spans across United States, Canada and New Zealand. They have invested in HealthTech, High Tech, Life Sciences and 7 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Cake Ventures:1. Eli
Eli is a provider of AI-based smart devices for women to monitor reproductive health. The platform provides a point-of-care device for women to get their everyday hormone profile, at home, from a saliva sample. The device helps to monitor their reproductive lives, including contraception, fertility, and menopause. It also provides an AI-based mobile app that enables users to interpret the information collected by the device and make informed decisions.
Key facts about Eli
- Founded Year: 2019
- Location: Montreal (Canada)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 30 as on Jul 31, 2026
- Investors: Real Ventures, McNamara Family Investments and 15 Others
- Latest Funding Round: Series A, Jun 12, 2025, $*****
- Highlight: Editors' Pick
2. NextWork
Network for Public Health Law provides legal assistance, training, and resources for the public health community at no cost. They focus on harm reduction laws, aiming to improve public health outcomes in the United States.
Key facts about NextWork
- Founded Year: 2021
- Location: Wellington (New Zealand)
- Stage: Seed
- Total Funding till date: $6.75M
- Investors: Blackbird Ventures, Global From Day One and 4 Others
- Latest Funding Round: Seed, Mar 04, 2026, $*****
3. Aster
Online platform offering services to maternal health. The company offers a range of services for maternal health, including pre and post-natal care, education articles, classes, and courses, observation care delivered at home, and a comprehensive clinically sound content library for any stage of pregnancy.
Key facts about Aster
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $2.4M
- Employee Count: 31 as on Jul 31, 2026
- Investors: Blueprint Ventures, Everywhere and 12 Others
- Latest Funding Round: Seed, Jan 30, 2024, $*****
- Highlight: Acquired
4. Rares
Alternative investment platform for sneakers. It enables users to invest in sneakers & own the shares of Nike & HOV. Users can fund & use the wallet for investments that can be accessed via the platform.
Key facts about Rares
- Founded Year: 2020
- Location: Las Vegas (United States)
- Stage: Seed
- Total Funding till date: $5.2M
- Employee Count: 12 as on Jul 31, 2026
- Investors: MaC Venture Capital, Portfolia and 9 Others
- Latest Funding Round: Seed, Apr 19, 2022, $*****
- Highlight: Editors' Pick
Key facts about Culina Health
- Founded Year: 2020
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 86 as on Jul 31, 2026
- Investors: REDO Ventures, Collide and 12 Others
- Latest Funding Round: Series A, Dec 19, 2024, $*****
Cake Ventures' Year-on-Year Investment Trends
Cake Ventures has invested in 8 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in NextWork.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
Cake Ventures' Investments by Stage
Cake Ventures has made 7 investments in Seed stage with an average round size of $4.5M and 1 investment in Series A stage with an average round size of $7.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 1 |
Note: We have considered here, only first round of investments
Cake Ventures' Investments by Sector
Cake Ventures has a diverse portfolio, with companies operating in the HealthTech, Artificial Intelligence - Industry Applications, Business Services, Consumer Goods and Enterprise Applications. Notably, it has invested in 4 Consumer (B2C) companies, 4 Tech companies, 2 Software companies and at least 1 company focusing on AI-Native.Sector | No. of Investments |
|---|---|
HealthTech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Business Services | 1 |
Consumer Goods | 1 |
Enterprise Applications | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
Cake Ventures' Investments by Geography
Cake Ventures has made most investments in United States (6), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 6 |
Canada | 1 |
New Zealand | 1 |
Note: We have considered here, only first round of investments
Cake Ventures' recent investments
Cake Ventures has made 1 investments in 2026 so far - NextWork.Here are the most recent investments by Cake Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 04, 2026 | New Zealand | Seed | 9154 | [+4] | |
Jun 18, 2025 | United States | Seed | 1465 | [+5] | |
Dec 19, 2024 | United States | Series A | 4764 | [+6] | |
Jan 30, 2024 | United States | Seed | 7755 | [+12] | |
Apr 04, 2023 | Canada | Seed | 9785 | [+8] |
Acquired companies in Cake Ventures' Portfolio
1 company from Cake Ventures' portfolio has been acquired. The most recent acquisition was Aster in Jun 2026 by Elation Health for $*****.Here are Cake Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 02, 2026 | Jan 30, 2024 | Seed | 9762 |
Team profile of Cake Ventures
Cake Ventures has a team of 1 member located in United States. Cake Ventures' team does not sit on the board of any company as of now.Co-investors of Cake Ventures
Over the past 5 years, 67 investors have co-invested in Cake Ventures's portfolio companies. This includes funds and angels.
- Invested before Cake Ventures: Techstars, Real Ventures and 19 others have invested in rounds before Cake Ventures. There is 1 company where Techstars has invested before Cake Ventures and 1 company where Real Ventures has invested before Cake Ventures.
- Top Co-investors of Cake Ventures: 44 investors entered a company along with Cake Ventures. These include investors like Muse Capital (1 company).
- Invested after Cake Ventures: BDC (1 company) and Techstars (1 company) are the investors which have invested in Cake Ventures's portfolio after their investments.
Recent News related to Cake Ventures
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NextWork Raises $4.45M in Seed FundingFinSMEs•Mar 04, 2026•NextWork, SHAKTI, Global From Day One, Cake Ventures and 3 others
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Culina Health Seeks to Expand Virtual Platform Offering Clinical NutritionHealthcare Innovation•Jan 30, 2025•Culina Health, Healthworx, Rethink Impact, Collab Capital and 4 others
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Culina Health raises nearly $8M in Series A fundingNJBIZ•Dec 19, 2024•Culina Health, Rethink Impact, Collab Capital, Collide and 6 others
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Aster Secures $2.4M in Seed Funding to Advance Prenatal and Postnatal CareFemtech Insider•Jan 31, 2024•Aster, Cake Ventures, Cornerstone, Zeal Capital Partners and 5 others
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Eli Health Raises CAD$5M in FundingFinSMEs•Apr 05, 2023•Eli, Cake Ventures, Muse Capital, Rhia Ventures and 9 others
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Monique Woodard Unveils Cake Ventures, New $17 Million Fund Focused On ‘Demographic Change’Forbes•Jan 12, 2023•Cake Ventures, Pivotal Ventures, Cendana Capital, Screendoor and 4 others
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Guaranteed Raises $6.5M Seed FundingFinSMEs•Nov 04, 2022•Guaranteed, BrandProject, Precursor Ventures, Springbank and 3 others
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Sneaker Investment App Rares Announces $4 Million Seed Funding Round, Led by MaC Venture CapitalBusiness Wire•Oct 12, 2021•Rares, MaC Venture Capital, Cake Ventures, Evolution VC Partners and 10 others
