About Untapped Ventures
Untapped Ventures is a venture capital firm founded in 2020. It is primarily based out of Los Angeles, United States. As of May 2026, Untapped Ventures is an active investor, having invested in 39 companies, with 1 new investment 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 HealthTech. Most recently it participated in the $***** Seed round of SiteVueAI Overall, Untapped Ventures portfolio has seen 2 unicorns and 2 acquisitions including key companies like xAI, You Technologies and Liquid AI. A lot of funds co-invest with Untapped Ventures, with names like Plug and Play Tech Center sharing a substantial percentage of its portfolio. Untapped Ventures has team of 27 people including 15 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series C
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Untapped Ventures' List of Top Investments
Untapped Ventures has a portfolio of 39 companies, including 2 unicorns. Their most notable investmentis in HexactTheir portfolio spans across United States, France, Mexico and 1 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 15 other sectors, across stages such as Seed, Series C stages. Here is the list of top investments by Untapped Ventures:1. xAI
Platform providing AI-powered assistant for image generation and trend analysis. It is an artificial intelligence (AI) company focused on advancing scientific discovery and fostering a deeper understanding of the universe through its AI model, Grok. Grok is a powerful AI assistant designed to provide truthful, useful, and curious insights by leveraging real-time search, image generation, and trend analysis capabilities. Through its developer API, xAI enables seamless integration of Grok's intelligence into various projects and applications.
Key facts about xAI
- Founded Year: 2023
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $45B
- Employee Count: 6,652 as on Sep 30, 2026
- Investors: Fidelity Investments, Glade Brook Capital and 68 Others
- Latest Funding Round: Series E, Jan 06, 2026, $*****
- Highlight: Acquired
AI-enabled key-word based private search engine. The users can get reviews from real users & experts while making any expensive purchase. Its AI-driven platform provides summaries for any queries. It also enables users to get the content they want & can also build their own knowledge base.
Key facts about You Technologies
- Founded Year: 2020
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $199M
- Employee Count: 337 as on Sep 30, 2026
- Investors: Georgian, Salesforce Ventures and 21 Others
- Latest Funding Round: Series C, Sep 03, 2025, $*****
- Highlight: Editors' Pick
3. Liquid AI
Developer of efficient AI models and deployment platforms for various applications. The company provides tools for customizing, optimizing, and deploying AI on devices. It offers solutions for enterprise and startup businesses, along with developer resources. The company's products support industries including automotive, consumer electronics, finance, and healthcare.
Key facts about Liquid AI
4. BlueQubit
Developer of AI-based quantum computing software solutions. It provides users with operating systems to run specifically on quantum computers. Its features include software manufacturing, risk analysis, fraud detection, and portfolio optimization.
Key facts about BlueQubit
- Founded Year: 2022
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $10.3M
- Employee Count: 18 as on Sep 30, 2026
- Investors: NKM Capital, Restive and 10 Others
- Latest Funding Round: Seed, Jul 18, 2024, $*****
- 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)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $37M
- Employee Count: 44 as on Sep 30, 2026
- Investors: Tola Capital, Raptor Group and 23 Others
- Latest Funding Round: Series A, Dec 03, 2025, $*****
- Highlight: Editors' Pick
Untapped Ventures' Year-on-Year Investment Trends
Untapped Ventures has invested in 39 companies over the last 4 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 5 investments, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in SiteVueAI and most recent follow-on round was in Lemurian Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 4 | 1 | 5 |
2024 | 5 | 0 | 5 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
Untapped Ventures' Investments by Stage
Untapped Ventures has made 12 investments in Seed stage with an average round size of $5.98M and 1 investment in Series C stage with an average round size of $6B.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series C | 1 |
Note: We have considered here, only first round of investments
Untapped Ventures' Investments by Sector
Untapped Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Food and Agriculture Tech, Sustainability Tech and Blockchain - Industry Applications. Notably, it has invested in 33 Tech companies, 28 Enterprise (B2B) companies, 22 Software companies and at least 10 companies focusing on AI-Native.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
High Tech | 4 |
Food and Agriculture Tech | 3 |
Sustainability Tech | 2 |
Blockchain - Industry Applications | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Untapped Ventures' Investments by Geography
Untapped Ventures has made most investments in United States (12), followed by New Zealand where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 12 |
New Zealand | 1 |
Note: We have considered here, only first round of investments
Untapped Ventures' recent investments
Untapped Ventures has made 1 investments in 2026 so far - SiteVueAI.Here are the most recent investments by Untapped Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 04, 2026 | United States | Seed | 5787 | [+6] | |
Dec 03, 2025 | United States | Series A | 3239 | [+10] | |
Jul 21, 2025 | United States | Seed | 2830 | [+8] | |
Mar 28, 2025 | United States | Seed | 3266 | [+3] | |
Mar 18, 2025 | New Zealand | Seed | 3523 | - |
Unicorns in Untapped Ventures' Portfolio
Untapped Ventures has 2 unicorns in its portfolio - You Technologies and Liquid AI. The most recent unicorn in their portfolio is You Technologies. It became a unicorn in 2025, 1 years before Untapped Ventures first invested in it.Here is a list of unicorns in Untapped Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | AI-enabled key-word based private search engine | 2020 | Palo Alto | Series C | bkaaypu | ||
66 | Developer of efficient AI models and deployment platforms for various applications | 2023 | Brookline | Series A | cbnpltm |
Acquired companies in Untapped Ventures' Portfolio
2 companies from Untapped Ventures' portfolio have been acquired. The most recent acquisition was xAI in Feb 2026 by SpaceX for $*****.Here are Untapped Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2026 | Nov 20, 2024 | Series C | 2488 | |
Feb 27, 2024 | - | - | 9204 |
Team profile of Untapped Ventures
Untapped Ventures has a team of 27 members including 15 Partners, 3 Venture Partners and 1 Principal located in United States, China and 2 more locations. Untapped Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Untapped Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Reston | - | - | |
Partner | Phoenix | - | - | |
Partner | Guaynabo | - | - | |
Partner | Berkeley | - | ||
Partner | United States | - | - | |
Partner | Tampa | - | - | |
Partner | Philadelphia | - | - | |
Partner | Los Angeles | - | - | |
Partner | Port Coquitlam | - | - | |
Partner | Washington | - | - | |
Partner | Pittsburg | - | - |
Co-investors of Untapped Ventures
Over the past 4 years, 105 investors have co-invested in Untapped Ventures's portfolio companies. This includes funds and angels.
- Invested before Untapped Ventures: Valor Equity Partners, Y Combinator and 27 others have invested in rounds before Untapped Ventures. There are 2 companies where Valor Equity Partners has invested before Untapped Ventures and 2 companies where Y Combinator has invested before Untapped Ventures.
- Top Co-investors of Untapped Ventures: 57 investors entered a company along with Untapped Ventures. These include investors like Plug and Play Tech Center (2 companies).
- Invested after Untapped Ventures: A total of 19 investors have invested in Untapped Ventures's portfolio after their investments. Top Investors include SpaceX (1 company), StepStone Group (1 company) and MGX (1 company).
Recent News related to Untapped Ventures
•
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
•
Startup Woz raises $6M to build an ‘AI app factory’ that combines agentic and human expertiseSiliconAngle•Oct 15, 2025•WithWoz, Cervin, Untapped Ventures, Y Combinator and 4 others
•
•
Lemurian Labs is building a new compute paradigm to reduce cost of running AI modelsTechCrunch+•Oct 04, 2023•Lemurian Labs, Google, Intel, Nvidia and 11 others
•
Untapped Ventures Announces Investment into Finnt, a Web3 De-Fi startup and recent YC GradFintech Finance•May 27, 2022•Untapped Ventures, Finnt, Khosla Ventures, Y Combinator and 3 others
•
