About Earl Grey Capital
Earl Grey Capital is a venture capital firm founded in 2015. It is primarily based out of Austin, United States. As of May 2026, Earl Grey Capital is an active investor, having invested in 63 companies, with 2 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 Blockchain Technology. Most recently it participated in the $***** Series A round of Dreambase Overall, Earl Grey Capital portfolio has seen 2 unicorns, 1 IPO and 8 acquisitions including key companies like Sword Health, Northstar and Trellis. A lot of funds co-invest with Earl Grey Capital, with names like Craft Ventures sharing a substantial percentage of its portfolio. Earl Grey Capital has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Earl Grey Capital's List of Top Investments
Earl Grey Capital has a portfolio of 63 companies, including 2 unicorns. Their most notable investmentis in SimplifiedTheir portfolio spans across United States, New Zealand, Canada and 12 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 18 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Earl Grey Capital:
1. Sword Health
Provider of AI-powered digital physical therapy and pelvic health solutions. It offers an expert AI Care for pain through digital physical therapy that pairs AI and licensed clinicians. It uses artificial intelligence and licensed clinicians to deliver virtual care for musculoskeletal conditions, pelvic health, mental health, and cardiometabolic health. It focuses on reducing healthcare costs by preventing surgeries, reducing pain, and improving recovery outcomes through virtual care.
Key facts about Sword Health
- Founded Year: 2015
- Location: New York (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $450M
- Employee Count: 1,189 as on May 31, 2026
- Investors: Sapphire Ventures, Bond Capital and 37 Others
- Latest Funding Round: Series E, Jun 17, 2025, $*****
- Highlight: Editors' Pick
2. Syndicate
Developer of web3 infrastructure for appchains, transaction management, and on-chain organizations. The company provides tools that let developers launch scalable, atomically composable appchains with control over network, sequencer, and economic design. Its Transaction Cloud, APIs, and modular smart contracts abstract blockchain complexity, handling transaction broadcasting, scheduling, and lifecycle management through simple REST interfaces. The platform originated with the Syndicate Protocol for web3 investment clubs, which enables groups to form on-chain investing organizations that pool capital, manage ownership, and automate payouts using DAO-style governance.
Key facts about Syndicate
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $28M
- Employee Count: 34 as on May 31, 2026
- Investors: Andreessen Horowitz, A.Capital Ventures and 50 Others
- Latest Funding Round: Series A, May 03, 2022, $*****
- Highlight: Editors' Pick
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3. Northstar
Financial wellness and management platform for employees. It provides financial and compensation tools and full-time financial advisors. It also helps employees better utilize their total compensation and make financial decisions.
Key facts about Northstar
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 179 as on May 31, 2026
- Investors: RRE Ventures, Workday Ventures and 19 Others
- Latest Funding Round: Series B, Oct 13, 2022, $*****
- Highlight: Acquired
4. Trellis
Key facts about Trellis
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $17M
- Employee Count: 124 as on May 31, 2026
- Investors: QED Investors, General Catalyst and 3 Others
- Latest Funding Round: Series A, May 18, 2022, $*****
- Highlight: Acquired
5. Primer
Operator of microschool network providing education for kindergarten through eighth grade. The network offers learning environments focused on foundational skills and independent learning. The organization provides an admissions process, tuition information, and resources for starting microschools. It aims to empower students to pursue interests through projects.
Key facts about Primer
- Founded Year: 2019
- Location: Oakland (United States)
- Stage: Acquired
- Total Funding till date: $18.7M
- Employee Count: 25 as on Dec 31, 2022
- Investors: Founders Fund, Khosla Ventures and 13 Others
- Latest Funding Round: Series A, Apr 28, 2022, $*****
- Highlight: Acquired
Earl Grey Capital's Year-on-Year Investment Trends
Earl Grey Capital has invested in 63 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Dreambase.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 5 | 0 | 5 |
2021 | 4 | 0 | 4 |
Earl Grey Capital's Investments by Stage
Earl Grey Capital has made 7 investments in Seed stage with an average round size of $7.31M, 5 investments in Series A stage with an average round size of $11.5M and 3 investments in Series B stage with an average round size of $17M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 5 |
Series B | 3 |
Note: We have considered here, only first round of investments
Earl Grey Capital's Investments by Sector
Earl Grey Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Blockchain Technology, FinTech and Blockchain - Industry Applications. Notably, it has invested in 58 Tech companies, 42 Enterprise (B2B) companies, 42 Software companies and at least 25 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 6 |
Blockchain Technology | 4 |
FinTech | 4 |
Blockchain - Industry Applications | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
Earl Grey Capital's Investments by Geography
Earl Grey Capital has made most investments in United States (7), followed by Brazil where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 7 |
Brazil | 1 |
Canada | 1 |
India | 1 |
Israel | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Earl Grey Capital's recent investments
Earl Grey Capital has made 1 investments in 2026 so far - Dreambase.Here are the most recent investments by Earl Grey Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 01, 2026 | United States | Series A | 5245 | [+5] | |
Aug 27, 2025 | United States | Seed | 5471 | ||
Apr 29, 2025 | - | Series B | 6855 | [+30] | |
Oct 23, 2024 | Brazil | Series A | 8319 | [+5] | |
Feb 24, 2023 | United States | Series B | 7999 | [+3] |
Unicorns in Earl Grey Capital's Portfolio
Earl Grey Capital has 2 unicorns in its portfolio - NexHealth and Sword Health. The most recent unicorn in their portfolio is NexHealth. It became a unicorn in 2022, 4 years before Earl Grey Capital first invested in it.Here is a list of unicorns in Earl Grey Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
46 | Provider of a software suite for hospitals | 2016 | San Francisco | Series C | j{kztuk | ||
74 | Provider of AI-powered digital physical therapy and pelvic health solutions | 2015 | New York | Series E | puxzfpm |
IPOs and Publicly Listed companies in Earl Grey Capital's Portfolio
1 of Earl Grey Capital's portfolio company became public - Field Trip Health and Wellness. It got listed on the Canadian Securities Exchange (CSE), in Oct 2020.Here are Earl Grey Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 06, 2020 | - | - | 2137 |
Acquired companies in Earl Grey Capital's Portfolio
8 companies from Earl Grey Capital's portfolio have been acquired. The most recent acquisition was Trellis in Mar 2026 by Gen for $*****.Here are Earl Grey Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2026 | - | - | 1928 | |
Dec 22, 2025 | Aug 27, 2025 | Seed | 7591 | |
Sep 11, 2025 | - | - | 6359 | |
May 02, 2025 | - | - | 2049 | |
Apr 23, 2025 | - | - | 8795 |
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Team profile of Earl Grey Capital
Earl Grey Capital has a team of 3 members including 3 Partners located in United States. Earl Grey Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Earl Grey Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | Fort Lauderdale | - | ||
Partner | Austin | - |
Co-investors of Earl Grey Capital
Over the past 5 years, 298 investors have co-invested in Earl Grey Capital's portfolio companies. This includes funds and angels.
- Invested before Earl Grey Capital: Y Combinator, ACE Ventures and 50 others have invested in rounds before Earl Grey Capital. There are 2 companies where Y Combinator has invested before Earl Grey Capital and 2 companies where ACE Ventures has invested before Earl Grey Capital.
- Top Co-investors of Earl Grey Capital: 232 investors entered a company along with Earl Grey Capital. These include investors like Craft Ventures (2 companies).
- Invested after Earl Grey Capital: A total of 14 investors have invested in Earl Grey Capital's portfolio after their investments. Top Investors include FirstMark (1 company), Cervin (1 company) and Jonathan Weiner (1 company).
Recent News related to Earl Grey Capital
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