About Theory Forge Ventures
Theory Forge Ventures is a venture capital firm founded in 2024. It is primarily based out of Los Angeles, United States. As of Aug 2024, Theory Forge Ventures has invested in 17 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 Real Estate and Construction Tech and Consumer. Most recently it participated in the $***** Seed round of Payman AI Overall, Theory Forge Ventures portfolio has seen 1 acquisition, namely Alex. A lot of funds co-invest with Theory Forge Ventures, with names like Visa sharing a substantial percentage of its portfolio. Theory Forge Ventures has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Portfolio Soonicorns
Theory Forge Ventures' List of Top Investments
Theory Forge Ventures has a portfolio of 17 companies. Their most notable investments include Gumloop and Quadratic.Their portfolio spans across and United States. They have invested in Enterprise Applications, Real Estate and Construction Tech, Consumer and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by Theory Forge Ventures:1. Gumloop
AI-powered platform for building and hosting LLM powered automations. It is a no-code platform that allows users to build and host AI-powered automations, supporting tasks with drag-and-drop tools. The platform offers automation building by dragging, dropping, and linking nodes onto a canvas to create powerful flows.
Key facts about Gumloop
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $70.6M
- Employee Count: 40 as on May 31, 2026
- Investors: BoxGroup, Liquid 2 Ventures and 20 Others
- Latest Funding Round: Series B, Mar 12, 2026, $*****
- Highlight: Editors' Pick
2. Quadratic
Visual data analytics platform. It is a spreadsheet-based platform that helps users in scripting and visualizing data in real-time. The platform integrates AI, Python, and SQL, allowing users to collaborate on data analysis in the web browser.
Key facts about Quadratic
- Founded Year: 2022
- Location: Boulder (United States)
- Stage: Seed
- Total Funding till date: $11.3M
- Employee Count: 15 as on May 31, 2026
- Investors: Google Ventures, Catapult Ventures and 8 Others
- Latest Funding Round: Seed, Sep 10, 2025, $*****
- Highlight: Editors' Pick
3. Payman AI
Developer of an AI platform for banking transaction automation. The platform facilitates payments, transfers, and account analysis through voice or text. It integrates with existing banking systems and validates actions against defined policies. The platform provides audit trails, compliance readiness, and security controls for regulated institutions.
Key facts about Payman AI
- Founded Year: 2024
- Location: Durango (United States)
- Stage: Series A
- Total Funding till date: $13.8M
- Employee Count: 15 as on May 31, 2026
- Investors: Visa, Spartan Group and 10 Others
- Latest Funding Round: Series A, Oct 25, 2024, $*****
- Highlight: Editors' Pick
4. Wordware
AI toolkit enabling to build agents through iteration. The platform leverages a web-hosted IDE for building task-specific AI agents with natural language programming. It provides a collaborative IDE for building AI agents using a new programming language that merges plain English with concepts like loops, conditional statements, and function calling.
Key facts about Wordware
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $30.5M
- Employee Count: 55 as on May 31, 2026
- Investors: Spark Capital, Felicis Ventures and 15 Others
- Latest Funding Round: Seed, Nov 21, 2024, $*****
- Highlight: Editors' Pick
5. Tandem
Provider of an office-share platform helping hybrid teams find co-tenants and shared office spaces. The platform allows users to host or share and match their office and co-working spaces. It features flexible leasing terms and rent splitting.
Key facts about Tandem
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $7.35M
- Employee Count: 31 as on May 31, 2026
- Investors: Y Combinator, Collide and 4 Others
- Latest Funding Round: Seed, Feb 04, 2025, $*****
- Highlight: Editors' Pick
Theory Forge Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in Payman AI.Theory Forge Ventures' Investments by Stage
Theory Forge Ventures has made 1 investment in Seed stage with an average round size of $3M.Theory Forge Ventures' Investments by Sector
Theory Forge Ventures has a diverse portfolio, with companies operating in the Artificial Intelligence - Industry Applications, Enterprise Applications, FinTech, High Tech and Retail. Notably, it has invested in 12 Enterprise (B2B) companies, 12 Tech companies, 9 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Artificial Intelligence - Industry Applications | 1 |
Enterprise Applications | 1 |
FinTech | 1 |
High Tech | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
Theory Forge Ventures' Investments by Geography
Theory Forge Ventures has made most investments in United States (1).Theory Forge Ventures' recent investments
Theory Forge Ventures has not made any investment in 2026 so far.Here are the most recent investments by Theory Forge Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 08, 2024 | United States | Seed | 5617 | [+10] |
Acquired companies in Theory Forge Ventures' Portfolio
1 company from Theory Forge Ventures' portfolio has been acquired. The most recent acquisition was Alex in Sep 2025 by OpenAI for $*****.Here are Theory Forge Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 08, 2025 | - | - | 6909 |
Team profile of Theory Forge Ventures
Theory Forge Ventures has a team of 3 members including 3 Partners located in United States. Theory Forge Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Theory Forge Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Angeles | - | ||
Partner | New York City | - | ||
Partner | Ojai | - | - |
Co-investors of Theory Forge Ventures
Over the past 2 years, 11 investors have co-invested in Theory Forge Ventures's portfolio companies. This includes funds and angels.
- Top Co-investors of Theory Forge Ventures: 11 investors entered a company along with Theory Forge Ventures. These include investors like Visa (1 company).
