About Evening Fund
Evening Fund is a venture capital firm founded in 2021. It is primarily based out of San Francisco, United States. As of Apr 2023, Evening Fund has invested in 4 companies. 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 Aerospace, Maritime and Defense Tech. Most recently it participated in the $***** Seed round of Flyby Overall, Evening Fund portfolio has seen 1 acquisition, namely Keyplay. A lot of funds co-invest with Evening Fund, with names like MaC Venture Capital sharing a substantial percentage of its portfolio. Evening Fund has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Evening Fund's List of All Investments
Evening Fund has a portfolio of 4 companies. Their most notable investments include Keyplay and Flyby.Their portfolio spans across United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, across Seed stage. Here is the list of all investments by Evening Fund:
1. Keyplay
Key facts about Keyplay
- Founded Year: 2022
- Location: Seattle (United States)
- Stage: Acquired
- Total Funding till date: $3M
- Employee Count: 7 as on Jan 31, 2026
- Investors: ASCEND, GTMfund and 4 Others
- Latest Funding Round: Seed, Dec 07, 2022, $*****
- Highlight: Acquired
2. Flyby
Developer of multi-utility drones. It offers AI-powered solutions for drone-based delivery, inspections, public safety, and other industrial applications.
Key facts about Flyby
- Founded Year: 2020
- Location: Los Angeles (United States)
- Stage: Seed
- Total Funding till date: $4M
- Employee Count: 14 as on Jan 31, 2026
- Investors: Gaingels, Anthemis Group and 9 Others
- Latest Funding Round: Seed, Apr 05, 2023, $*****
- Highlight: Editors' Pick
Manufacturer of programmable drones with edge machine learning capabilities for developers. The company provides UAV platforms designed for core drone missions and developer programmability. These drones are suitable for ISR, 3D scan photogrammetry, and image capture. The drones offer open GPU compute, flight controller access, payload data ports, and power rails. They support custom applications, sensor integrations, and deployment of ML models. Controller options and ready-to-use payloads are available.
Key facts about Flyby Robotics
- Founded Year: 2023
- Location: Los Angeles (United States)
- Stage: Seed
- Total Funding till date: $4M
- Investors: Gaingels, Anthemis Group and 9 Others
- Latest Funding Round: Seed, Apr 05, 2023, $*****
4. Superlayer
Cloud based platform offering sales forecasting solutions for enterprises. It provides tools for businesses to manage deals in the pipeline and forecast sales periodically. Some of the products of the platform include pipeline management, conversation intelligence, team coaching, and productivity tools.
Key facts about Superlayer
Evening Fund's Year-on-Year Investment Trends
Evening Fund has invested in 4 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. Its most recent first time investment was in Flyby.Evening Fund's Investments by Stage
Evening Fund has made 3 investments in Seed stage with an average round size of $3.67M.Evening Fund's Investments by Sector
Evening Fund has a diverse portfolio, with companies operating in the Aerospace, Maritime and Defense Tech, High Tech and Enterprise Applications. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 2 Saas companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Aerospace, Maritime and Defense Tech | 2 |
High Tech | 2 |
Enterprise Applications | 1 |
Note: We have considered here, only first round of investments
Evening Fund's Investments by Geography
Evening Fund has made most investments in United States (3).Evening Fund's recent investments
Evening Fund has not made any investment in 2026 so far.Here are the most recent investments by Evening Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 05, 2023 | United States | Seed | 1503 | [+7] | |
Apr 05, 2023 | United States | Seed | 1258 | [+8] | |
Dec 07, 2022 | United States | Seed | 8571 | [+4] |
Acquired companies in Evening Fund's Portfolio
1 company from Evening Fund's portfolio has been acquired. The most recent acquisition was Keyplay in Apr 2026 by Inflection for $*****.Here are Evening Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2026 | Dec 07, 2022 | Seed | 2419 |
Team profile of Evening Fund
Evening Fund has a team of 2 members including 2 Partners located in United States. Evening Fund's team does not sit on the board of any company as of now.Co-investors of Evening Fund
Over the past 4 years, 15 investors have co-invested in Evening Fund's portfolio companies. This includes funds and angels.
- Top Co-investors of Evening Fund: 15 investors entered a company along with Evening Fund. These include investors like MaC Venture Capital (2 companies).
Recent News related to Evening Fund
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Drone startup co-founded by a political refugee lifts $4M funding to deliver sushi and smoothies within 4 minutesTech Funding News•Apr 05, 2023•Flyby, MaC Venture Capital, Weekend Fund, Anthemis Group and 2 others
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Keyplay, a new Seattle startup led by veteran entrepreneur Adam Schoenfeld, raises $3MGeekWire•Dec 07, 2022•web.app, MHS Capital, GTMfund, Evening Fund and 1 other
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Evening Fund debuts with $2M micro fund focused on investments between $50K and $100KTechCrunch+•May 04, 2021•Evening Fund
