About Pebblebed
Pebblebed is a venture capital firm founded in 2022. It is primarily based out of San Francisco, United States. As of 2026, Pebblebed is an active investor, having invested in 20 companies, with 6 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 Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Markov Robotics Overall, Pebblebed portfolio has seen 1 acquisition, namely Select Star. A lot of funds co-invest with Pebblebed, with names like Uncorrelated Ventures sharing a substantial percentage of its portfolio. Pebblebed has team of 7 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Pebblebed's List of Top Investments
Pebblebed has a portfolio of 20 companies. Their most notable investments are in Adaptive and Anomaly Bio.Their portfolio spans across United States, Germany, Australia and 3 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 12 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Pebblebed:
1. KREA
Provider of AI-generated photos and prompt collections. It is a platform for AI artists to produce generative graphics. It uses a semantic search engine on the website. It is designed to run on a CPU and is focused on working with data from open prompts.
Key facts about KREA
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $83M
- Employee Count: 121 as on Aug 31, 2026
- Investors: Gradient Ventures, Abstract Ventures and 4 Others
- Latest Funding Round: Series B, Apr 07, 2025, $*****
- Highlight: Editors' Pick
Developer of software stack designed to run AI workloads on hardware. The software stack allows AI workloads to run on any hardware, at any scale. It matches or exceeds the performance of hand-tuned kernels. The software stack enables users to focus on models and algorithms. It allows evaluation of new xPUs and movement between clouds.
Key facts about Lemurian Labs
- Founded Year: 2007
- Location: Santa Clara (United States)
- Stage: Series A
- Total Funding till date: $37M
- Employee Count: 46 as on Aug 31, 2026
- Investors: Tola Capital, Raptor Group and 23 Others
- Latest Funding Round: Series A, Dec 03, 2025, $*****
- Highlight: Editors' Pick
3. Select Star
Provider of the data discovery software solution. It provides an intelligent data discovery platform that allows data discovery and analytics. It also provides data catalogs, data transparency and visibility, auto detects and displays the column level data lineage, data security and governance for maintaining confidentiality.
Key facts about Select Star
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 16 as on Sep 30, 2026
- Investors: Lightspeed Venture Partners, Sozo Ventures and 13 Others
- Latest Funding Round: Series A, Jan 31, 2023, $*****
- Highlight: Acquired
4. Gitpod
Platform offering integrated cloud development environment. It includes a multi-track development solution that provides users with multiple workspaces for bugging, code review, etc. The features of the product include workflow automation, automated code execution, debugging, code reviews, source code centralization, etc.
Key facts about Gitpod
- Founded Year: 2017
- Location: Kiel (Germany)
- Stage: Series A
- Total Funding till date: $41M
- Employee Count: 78 as on Mar 31, 2026
- Investors: MongoDB, Vertex Ventures and 13 Others
- Latest Funding Round: Series A, Nov 03, 2022, $*****
- Highlight: Editors' Pick
5. Adaptive
Provider of adaptive AI application development and deployment platform. The platform enables users to create and deploy AI-powered applications. It offers features such as hosting, integrations, storage, email, monitoring, and payment processing. The platform supports the development of intelligent software that evolves and offers tools like video analyzers, audiobooks search, recipe discovery, and PDF summarization. It provides a fully managed infrastructure with automated maintenance and seamless app interconnectivity.
Key facts about Adaptive
- Founded Year: 2017
- Location: Sugar Land (United States)
- Stage: Seed
- Total Funding till date: $7M
- Investors: Conviction, Anti Fund and 3 Others
- Latest Funding Round: Seed, Apr 23, 2025, $*****
Pebblebed's Year-on-Year Investment Trends
Pebblebed has invested in 20 companies over the last 4 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of 2026, it has made 4 investments in this year. Its most recent first time investment was in Markov Robotics and most recent follow-on round was in Ulysses.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 2 | 0 | 2 |
Pebblebed's Investments by Stage
Pebblebed has made 10 investments in Seed stage with an average round size of $6.01M and 5 investments in Series A stage with an average round size of $20.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 5 |
Note: We have considered here, only first round of investments
Pebblebed's Investments by Sector
Pebblebed has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Life Sciences and Business Services. Notably, it has invested in 17 Tech companies, 16 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on AI-Native.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 5 |
Enterprise Infrastructure | 4 |
Life Sciences | 2 |
Business Services | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
Pebblebed's Investments by Geography
Pebblebed has made most investments in United States (8), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 8 |
Germany | 2 |
Australia | 1 |
Czech Republic | 1 |
Poland | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Pebblebed's recent investments
Pebblebed has made 4 investments in 2026 so far. Markov Robotics and Build are the latest among them.Here are the most recent investments by Pebblebed:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2026 | United States | Seed | 5791 | - | |
Jun 30, 2026 | United States | Seed | 3455 | [+4] | |
Feb 19, 2026 | Germany | Seed | 6925 | [+1] | |
Jan 29, 2026 | Czech Republic | Seed | 9605 | [+24] | |
Dec 03, 2025 | United States | Series A | 1581 | [+10] |
Acquired companies in Pebblebed's Portfolio
1 company from Pebblebed's portfolio has been acquired. The most recent acquisition was Select Star in Nov 2025 by Snowflake for $*****.Here are Pebblebed's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 24, 2025 | Jan 31, 2023 | Series A | 2073 |
Team profile of Pebblebed
Pebblebed has a team of 7 members including 5 Partners and 1 Venture Partner located in United States. Pebblebed's team does not sit on the board of any company as of now.Here is a list of all team members in Pebblebed:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | United States | - | ||
Partner | San Francisco | - | ||
Partner | - | - | ||
Venture Partner | United States | - |
Co-investors of Pebblebed
Over the past 4 years, 123 investors have co-invested in Pebblebed's portfolio companies. This includes funds and angels.
- Invested before Pebblebed: Oval Park Capital, Good Growth Capital and 34 others have invested in rounds before Pebblebed. There is 1 company where Oval Park Capital has invested before Pebblebed and 1 company where Good Growth Capital has invested before Pebblebed.
- Top Co-investors of Pebblebed: 87 investors entered a company along with Pebblebed. These include investors like Uncorrelated Ventures (2 companies).
Recent News related to Pebblebed
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Cognee Raises $7.5M to Build Long-Term Memory for AI AgentsTrending Topics•Feb 19, 2026•Cognee, Pebblebed, 42 Capital
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Lemurian Labs Raises $28 Million Series A to Liberate AI from the Constraints of Hardwareintelligence360•Dec 03, 2025•Lemurian Labs, Oval Park Capital, AMD, Nvidia and 17 others
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Singapore’s Anomaly Bio raises $2.6m to build laboratoryTech in Asia•Nov 12, 2025•Anomaly Bio, Pebblebed
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OpenMind, developer of humanoid robot OS "OM1", raises $20 millionStartup Log•Aug 05, 2025•openmind.org, Pi Network, Topology Ventures, HSG and 9 others
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AI-Native Startup Adaptive Announces $7 Million Seed Round and New Platformintelligence360•May 03, 2025•Adaptive, Pebblebed, Conviction
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Northflank Raises $22M to Simplify App and Database Deployment in Your CloudBakersfield•Nov 11, 2024•Northflank, Bain Capital Ventures, Vertex Ventures, Kindred Ventures and 3 others
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Polish-founded Vidoc Security Lab secures $2.4M investment from Top Silicon Valley VCsAin•Oct 14, 2024•Vidoc Security, Pebblebed, Firestreak Ventures, XFactor Ventures and 1 other
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Orchid Introduces Whole Genome Sequencing Reports for Embryos After Raising $12M in FundingFemtech Insider•Dec 06, 2023•Orchid, Prometheus Fund, Refactor Capital, Pebblebed and 2 others
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Barcelona-based management startup WebAssembly raises USD 6.6 million in seed investmentVcbay News•Mar 27, 2023•WebAssembly, Boldstart Ventures, Pebblebed, Crew Capital
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Dylibso Secures $6.6 Million in Seed Funding to Take WebAssembly to ProductionBusiness Wire•Mar 24, 2023•Dylibso, Boldstart Ventures, Pebblebed, Crew Capital and 2 others
