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 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 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, Primer 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 19 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: 1,181 as on Sep 30, 2026
- Investors: Sapphire Ventures, Bond Capital and 39 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: 30 as on Sep 30, 2026
- Investors: Kleiner Perkins, Seven Hound Ventures and 52 Others
- Latest Funding Round: Series A, 2023, $*****
- Highlight: Editors' Pick
3. Primer
Chains providing instruction in reading writing and math for children. The curriculum emphasizes mastery of core academic subjects including literacy and arithmetic. Each facility maintains small class sizes to facilitate student support and individual attention. Instruction incorporates combined grade levels to encourage peer learning and exposure to challenging materials. Students engage in self-directed projects designed to foster independence and connect classroom knowledge to practical life skills. The approach utilizes specific technology tools to support learning objectives and develop digital habits. These physical campuses operate to provide consistent educational experiences for students across different stages of primary schooling.
Key facts about Primer
- Founded Year: 2019
- Stage: Acquired
- Total Funding till date: $18.7M
- Employee Count: 25 as on Dec 31, 2022
- Investors: Abstract Ventures, Syrus Partners and 13 Others
- Latest Funding Round: Series A, Apr 28, 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: 122 as on Aug 31, 2026
- Investors: QED Investors, American Express and 3 Others
- Latest Funding Round: Series A, May 18, 2022, $*****
- Highlight: Acquired
5. Hone Health
Provider of hormone test kits at home to treat hormonal imbalance. The platform enables users to access home-based hormone imbalance test kits and can schedule an online physician consultation to discuss results and treatment plans. Also, it offers personalized medications and supplements.
Key facts about Hone Health
- Founded Year: 2018
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $39M
- Employee Count: 215 as on Sep 30, 2026
- Investors: Public Investment Fund, Republic Capital and 26 Others
- Latest Funding Round: Series A, Jan 28, 2025, $*****
- Highlight: Editors' Pick
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 2 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 | 4934 | [+5] | |
Aug 27, 2025 | United States | Seed | 3448 | ||
Apr 29, 2025 | - | Series B | 9031 | [+30] | |
Oct 23, 2024 | Brazil | Series A | 3858 | [+5] | |
Feb 24, 2023 | United States | Series B | 1722 | [+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 | ykavqsw | ||
75 | Provider of AI-powered digital physical therapy and pelvic health solutions | 2015 | New York | Series E | thbtcvk |
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 | - | - | 8122 |
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 | - | - | 9570 | |
Dec 22, 2025 | Aug 27, 2025 | Seed | 9784 | |
Sep 11, 2025 | - | - | 3377 | |
May 02, 2025 | - | - | 2166 | |
Apr 23, 2025 | - | - | 6847 |
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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, 303 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 19 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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Dreambase Secures $3.7 Million in Funding Led by FelicisThe SaaS News•May 01, 2026•Active Capital, Felicis Ventures, Dreambase, Darkmode Ventures and 5 others
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Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21m
The Block•Apr 28, 2025•Ika, Sui Foundation, Digital Currency Group, Big Brain Holdings and 28 others
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CrewAI: Multi-Agent Platform Raises $18 Million (Series A)Pulse 2.0•Nov 04, 2024•CrewAI, Boldstart Ventures, Insight Partners, Blitzscaling Ventures and 2 others
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CrewAI Launches Multi-Agentic Platform to Deliver on the Promise of Generative AI for EnterpriseAiThority•Oct 22, 2024•CrewAI, Earl Grey Capital, Craft Ventures, Blitzscaling Ventures and 2 others
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Mino Games raises $15M to create Dimensionals Web3 gameVentureBeat•Feb 09, 2023•Mino Games, Standard Crypto, Boost VC, Collab+Currency and 8 others
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dWallet Labs Raises $5 Million in Pre-Seed RoundSmartliquidity•Aug 21, 2022•dWallet Labs, Node Capital, Digital Currency Group, Amplify Partners and 14 others
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Digital Currency Group Leads $5M Fundraise for Blockchain Security Firm dWallet LabsCoinDesk•Aug 18, 2022•Node Capital, Digital Currency Group, Odysseynetworks, Spearhead and 18 others
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Cryptohunt Launches “Duolingo for Crypto”, Following a Pre-Seed Investment from Coinbase Ventures, Flori Ventures, and Earl Grey CapitalPRWeb•Jun 08, 2022•Learn.xyz, Coinbase, Flori Ventures, Earl Grey Capital
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Earth Announces $10m Seed RoundEarth Funeral•Apr 22, 2022•Earth Funeral, Buckley Ventures, Animal Capital, Mantis VC and 4 others
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Zambian card issuing startup Union54 raises $12M led by Tiger GlobalTechCrunch+•Apr 18, 2022•Not Boring Capital, Vibe Capital, Tiger Global Management, Union54 and 1 other
