About Twelve Below
Twelve Below is a venture capital firm founded in 2021. It is primarily based out of New York City, United States. As of Sep 2026, Twelve Below is an active investor, having invested in 43 companies, with 4 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 Consumer and HealthTech. Most recently it participated in the $***** Series B round of Odyssey Energy Solutions Overall, Twelve Below portfolio has seen 4 unicorns, 1 IPO and 4 acquisitions including key companies like Step, Guideline and K Health. A lot of funds co-invest with Twelve Below, with names like BoxGroup sharing a substantial percentage of its portfolio. Twelve Below has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Twelve Below's List of Top Investments
Twelve Below has a portfolio of 43 companies, including 4 unicorns. Their most notable investments are in Arya Health and VoiceOps.Their portfolio spans across United States and Israel. They have invested in Enterprise Applications, Consumer, HealthTech and 21 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Twelve Below:
1. Step
Step is a digital bank for consumers. It has its banking license through a partnership program. It offers services such as savings account, NFC-enabled prepaid cards for online/offline purchases, money transfers, and more. It also offers an app-based platform that is available on iOS and Android devices.
Key facts about Step
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $176M
- Employee Count: 289 as on Aug 31, 2026
- Investors: TriplePoint Capital, Franklin Templeton India and 38 Others
- Latest Funding Round: Conventional Debt, Oct 11, 2022, $*****
- Highlight: Acquired
2. Guideline
Provider of retirement plans and related administrative and investment services. The guideline is an automated investment technology provider to SMEs that makes recommendations and adjustments on an ongoing basis to optimize employees' retirement accounts. The automated investment technology incorporates an individual’s entire financial ecosystem to make ongoing recommendations and adjustments.
Key facts about Guideline
- Founded Year: 2015
- Location: Burlingame (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $344M
- Employee Count: 126 as on Aug 31, 2026
- Investors: Generation Investment Management, Company Capital and 25 Others
- Latest Funding Round: Series E, Jun 16, 2021, $*****
- Highlight: Acquired
3. K Health
AI-based platform providing access to clinicians. They offer a symptom checker and virtual primary care services, allowing users to chat with their medical team and receive personalized consultations. The app uses it AI and ML solutions to compare the data updated by the patient with that of others who were affected by similar symptoms and predict the illness the patient suffers.
Key facts about K Health
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $439M
- Employee Count: 387 as on Aug 31, 2026
- Investors: 14W, Robyn Capital and 31 Others
- Latest Funding Round: Series F, Jul 01, 2024, $*****
- Highlight: Editors' Pick
4. Papa
Digital platform that connects senior members with caregivers. It provides companionship and care benefits for older adults and families. Members of health plans, as well as employers who have signed up with the company, can access platforms companion care services for family members. Its caregivers use virtual means as well as in-person visits to provide care as well as services like running errands, helping with children, pets, grocery shopping, caregiving respite, transportation, and social interaction.
Key facts about Papa
- Founded Year: 2017
- Location: Miami (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $257M
- Employee Count: 1,088 as on Aug 31, 2026
- Investors: Hone Capital, Canaan and 21 Others
- Latest Funding Round: Series D, Oct 13, 2021, $*****
- Highlight: Editors' Pick
5. Italic
Online membership-based marketplace platform offering multi-category products. The product catalog include apparel, handbags, jewelry, wallets, sunglasses, home textiles, beauty care, cookware, bedding, scented candles, and more.
Key facts about Italic
- Founded Year: 2018
- Location: Walnut (United States)
- Stage: Series B
- Total Funding till date: $86.9M
- Employee Count: 73 as on Aug 31, 2026
- Investors: Greenline, Inovia Capital and 22 Others
- Latest Funding Round: Series B, Oct 13, 2021, $*****
- Highlight: Editors' Pick
Twelve Below's Year-on-Year Investment Trends
Twelve Below has invested in 43 companies over the last 4 years, with an average of 5 new investments annually in the last 3 years. In 2025, it made 5 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Board and most recent follow-on round was in Odyssey Energy Solutions.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 4 | 1 | 5 |
2024 | 5 | 0 | 5 |
2023 | 5 | 1 | 6 |
2022 | 3 | 1 | 4 |
Twelve Below's Investments by Stage
Twelve Below has made 13 investments in Seed stage with an average round size of $6.52M and 8 investments in Series A stage with an average round size of $11.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 8 |
Note: We have considered here, only first round of investments
Twelve Below's Investments by Sector
Twelve Below has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Vertical SaaS, Consumer and FinTech. Notably, it has invested in 37 Tech companies, 25 Software companies, 23 Enterprise (B2B) companies and at least 18 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
HealthTech | 5 |
Vertical SaaS | 5 |
Consumer | 4 |
FinTech | 4 |
Others | 23 |
Note: We have considered here, only first round of investments
Twelve Below's Investments by Geography
Twelve Below has made most investments in United States (19).Twelve Below's recent investments
Twelve Below has made 6 investments in 2026 so far. Odyssey Energy Solutions and Board are the latest among them.Here are the most recent investments by Twelve Below:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 01, 2026 | United States | Series B | 2716 | [+8] | |
Jun 02, 2026 | United States | Series A | 1616 | [+15] | |
May 28, 2026 | United States | Series A | 9445 | ||
May 28, 2026 | - | Series A | 4539 | ||
Mar 17, 2026 | United States | Series A | 7138 | [+2] |
Unicorns in Twelve Below's Portfolio
Twelve Below has 4 unicorns in its portfolio - Unit, Papa, Opentrons and others. The most recent unicorn in their portfolio is Unit. It became a unicorn in 2022, 4 years before Twelve Below first invested in it.Here is a list of unicorns in Twelve Below's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | Open banking API solution | 2019 | Tel Aviv | Series C | dmeztwx | ||
69 | Digital platform that connects senior members with caregivers | 2017 | Miami | Series D | rarmlhk | ||
61 | Developer of pipetting robot for lab automation | 2013 | Brooklyn | Series C | kygassy | ||
75 | AI-based platform providing access to clinicians | 2016 | New York City | Series F | ltksmud |
IPOs and Publicly Listed companies in Twelve Below's Portfolio
1 of Twelve Below's portfolio company became public - Allbirds. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 at marketcap of $2.16BHere are Twelve Below's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 03, 2021 | - | - | 1008 |
Acquired companies in Twelve Below's Portfolio
4 companies from Twelve Below's portfolio have been acquired. The most recent acquisition was Step in Feb 2026 by MrBeast for $*****.Here are Twelve Below's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 09, 2026 | - | - | 5868 | |
Aug 27, 2025 | - | - | 3075 | |
Jan 22, 2025 | - | - | 7806 | |
Jun 20, 2024 | Nov 13, 2023 | Series A | 6402 |
Team profile of Twelve Below
Twelve Below has a team of 2 members including 2 Partners located in United States. Twelve Below's team does not sit on the board of any company as of now.Co-investors of Twelve Below
Over the past 4 years, 155 investors have co-invested in Twelve Below's portfolio companies. This includes funds and angels.
- Invested before Twelve Below: Fika Ventures, Circle and 17 others have invested in rounds before Twelve Below. There is 1 company where Fika Ventures has invested before Twelve Below and 1 company where Circle has invested before Twelve Below.
- Top Co-investors of Twelve Below: 110 investors entered a company along with Twelve Below. These include investors like BoxGroup (3 companies).
- Invested after Twelve Below: A total of 26 investors have invested in Twelve Below's portfolio after their investments. Top Investors include Union Square Ventures (1 company), Equator (1 company) and Climate Capital (1 company).
Recent News related to Twelve Below
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Solstice Health Raises $21 Million in Series A Fundingintelligence360•Jun 24, 2026•Transformation Capital, Twelve Below, Virtue, Solstice Health
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Solstice Raises $21 Million Series A to Accelerate Pharma CommercializationPulse 2.0•May 28, 2026•Transformation Capital, Solstice Health, Virtue, Twelve Below and 1 other
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Conduit Health Secures $17M for AI-Powered Medical Supply PlatformHIT Consultant•Mar 17, 2026•Conduit Health, Drive Capital, Twelve Below, XYZ Venture Capital and 1 other
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Barnwell Bio Banks $6M Seed FundingMassinvestor•Jan 26, 2026•Daybreak Ventures, Barnwell Bio, Banter Capital, Planeteer Capital and 6 others
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Arya Health Raises $18.2M to Automate Post-Acute Care with AI Agent TeamsHIT Consultant•Oct 29, 2025•Arya Health, ACME, Ridge Ventures, Twelve Below
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Fort Health: $5.5 Million Raised For Expanding Mental Health Care ServicesPulse 2.0•Nov 20, 2024•Fort Health, Vanterra Capital, , Twelve Below
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Fort Health Raises $5.5M in FundingFinSMEs•Nov 12, 2024•Fort Health, Twelve Below, Vanterra Capital, and 3 others
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