About INITIATE
INITIATE is a venture capital firm founded in 2020. It is primarily based out of San Francisco, United States. As of Oct 2024, INITIATE has invested in 5 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 Life Sciences. Most recently it participated in the $***** Series A round of Cornerstone A lot of funds co-invest with INITIATE, with names like Healthy Ventures sharing a substantial percentage of its portfolio. INITIATE has team of 10 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
INITIATE's List of All Investments
INITIATE has a portfolio of 5 companies. Their most notable investments include Delfi Diagnostics and ixLayer.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 2 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of all investments by INITIATE:Provider of DNA sequencing for cancer detection. The company's platform uses artificial intelligence and whole genome sequencing to detect unique patterns of DNA fragmentation in the blood of patients with cancer.
Key facts about Delfi Diagnostics
- Founded Year: 2019
- Location: Baltimore (United States)
- Stage: Series B
- Total Funding till date: $332M
- Employee Count: 162 as on Mar 31, 2026
- Investors: DFJ Growth, Merck Global Health Innovation Fund and 19 Others
- Latest Funding Round: Conventional Debt, Dec 01, 2025, $*****
- Highlight: Editors' Pick
2. ixLayer
ixLayer provides a cloud-based solution for precision and population health testing. The features of the solution are the integration of the clinical lab, customer relation management, genomic cloud for hosting, bioinformatics tools, clinical health test, and others.
Key facts about ixLayer
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $75M
- Employee Count: 41 as on Feb 28, 2026
- Investors: General Catalyst, Salesforce Ventures and 14 Others
- Latest Funding Round: Series A, Aug 24, 2021, $*****
- Highlight: Editors' Pick
3. Inflammatix
Provider of diagnostic solutions for systemic infections. Its proprietary technology, based on research from Stanford University, measures gene expression patterns related to the immune system to diagnose sepsis. It provides products such as InSep for acute infection and sepsis tests, ViraBac for acute infection tests, SARC-CoV-2 swabs, etc.
Key facts about Inflammatix
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series E
- Total Funding till date: $191M
- Employee Count: 73 as on Mar 31, 2026
- Investors: equitywestsecurities.com, 10x Group and 16 Others
- Latest Funding Round: Series E, Sep 12, 2024, $*****
- Highlight: Editors' Pick
4. Cornerstone
Developer of an AI assistant for cleaning healthcare data. The assistant uses machine learning models to generate data cleaning rules. It offers automated data profiling, cleaning, and integrity features. The system detects data schemas, identifies errors, and augments clinical terminology. It standardizes industry dictionaries and imputes lab units. The assistant provides an audit trail and data export flexibility.
Key facts about Cornerstone
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $5M
- Employee Count: 23 as on Mar 31, 2026
- Investors: Acrew Capital, Healthy Ventures and 4 Others
- Latest Funding Round: Series A, Oct 30, 2024, $*****
- Highlight: Editors' Pick
5. Macro
Key facts about Macro
- Founded Year: 2021
- Location: Beverly Hills (United States)
- Stage: Seed
- Total Funding till date: $6M
- Employee Count: 8 as on Jul 01, 2024
- Investors: Healthy Ventures, MBX Capital and 3 Others
- Latest Funding Round: Seed, Jun 21, 2023, $*****
INITIATE's Year-on-Year Investment Trends
INITIATE has invested in 5 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 Cornerstone.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
INITIATE's Investments by Stage
INITIATE has made 1 investment in Seed stage with an average round size of $6M, 1 investment in Series A stage with an average round size of $5M and 1 investment in Series B stage with an average round size of $225M.Stage of entry | No. of Investments |
|---|---|
Seed | 1 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
INITIATE's Investments by Sector
INITIATE has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Big Data - Industry Applications and HealthTech. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 3 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Big Data - Industry Applications | 1 |
HealthTech | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
INITIATE's Investments by Geography
INITIATE has made most investments in United States (3).INITIATE's recent investments
INITIATE has not made any investment in 2026 so far.Here are the most recent investments by INITIATE:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 30, 2024 | United States | Series A | 9109 | [+4] | |
Jun 21, 2023 | United States | Seed | 4237 | [+3] | |
Jul 18, 2022 | United States | Series B | 4871 | [+11] |
Team profile of INITIATE
INITIATE has a team of 10 members including 3 Partners and 1 Principal located in United States. INITIATE's team sits on the board of 3 companies.Here is a list of all team members in INITIATE:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Redwood City | Springbuk, Trice Medical and 1 more | ||
Partner | San Francisco | - | ||
Partner | Denver | - | ||
Principal | San Francisco | - |
Co-investors of INITIATE
Over the past 4 years, 27 investors have co-invested in INITIATE's portfolio companies. This includes funds and angels.
- Invested before INITIATE: Cowen, Foresite Capital and 8 others have invested in rounds before INITIATE. There is 1 company where Cowen has invested before INITIATE and 1 company where Foresite Capital has invested before INITIATE.
- Top Co-investors of INITIATE: 16 investors entered a company along with INITIATE. These include investors like Healthy Ventures (2 companies).
- Invested after INITIATE: Merck Global Health Innovation Fund (1 company) is the only investor which has invested in INITIATE's portfolio after their investments.
Recent News related to INITIATE
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Female-led INITIATE Ventures Raises $45M Debut Fund to Co-create Healthcare and Life Sciences CompaniesFemtech Insider•Dec 03, 2024•INITIATE
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Healthcare VC firm Initiate has a new $45M and has already founded five startups internallyTechCrunch+•Nov 19, 2024•INITIATE
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Cornerstone AI Raises $5M to Accelerate AI-Powered Data Cleaning for HealthcareHIT Consultant•Oct 30, 2024•Cornerstone, Acrew Capital, INITIATE, Healthy Ventures
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Matr1x Game Nets $10Million in A-2 Funding Round Led by Folius VenturesTokenhell•Nov 23, 2023•Matr1x, Folius Ventures, SevenX, ABCDE and 5 others
