Where we invest
M13 started investing in 2016 in DTC and B2B models. Starting with Fund II, we evolved our focus from consumer to a broader infrastructure strategy. Today, we invest in infrastructure technology—such as AI and web3—that powers the future of work, health, commerce, and money.
Read our investment thesis to learn more.
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Investing in infrastructure
We invest in the powerful infrastructure technologies such as web3 and AI that power our vertical focus areas.
work, health, money, web3, ai, commerce
Enterprise
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Series C+
Work
SMS Assist
Current
Series A
Money
Crypto
Saga.xyz
Consumer
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Series A
Money
Scopely
Consumer
Current
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Seed
Health
Seed Health
Consumer
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Seed
Commerce
Shake Shack
Consumer
Current
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Seed
Commerce
Shef
Current
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Seed
Commerce
AI
Sitch
Current
Token
Other
Crypto
Solana
Consumer
Current
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Series A
Health
Soothe
Enterprise
Current
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Series A
Commerce
Source
Consumer
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Seed
Other
Superlocal
Consumer
Current
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Seed
Other
Tarform
Consumer
Current
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Seed
Commerce
Tecovas
Consumer
Current
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Seed
Commerce
The Bouqs Company
Enterprise
Current
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Series B
Work
Thrive Global
Consumer
Current
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Series A
Commerce
Thrive Market
Consumer
Current
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Series B
Health
Tonal
Enterprise
Current
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Seed
Commerce
Transfix
Consumer
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Seed
Commerce
Umamicart
Consumer
Current
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Seed
Work
Unblocked
Enterprise
Current
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Series A
Work
Upwards
Enterprise
Current
Seed
Commerce
Vambe AI
Enterprise
Current
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Seed
Work
Visor
Enterprise
Current
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Seed
Other
AI
Voice.ai
Consumer
Current
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Seed
Health
Wellthy
Consumer
Current
Pre-seed
Work
Workmade
Enterprise
Current
Series A
Work
AI
Zenlytic
Enterprise
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Seed
Other
dot.LA
Enterprise
Current
Series A
Money
Crypto
io.net
Turning experience into insights
Check out our recent investment announcements, expert insights, and more.
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2025 Annual Letter: The State of Venture
In 2025’s era of compounding platform shifts, where AI, automation, and decentralization converge, M13’s State of Venture letter outlines how we identify exceptional founders early in the hype cycle and help them scale into enduring, category-defining companies.
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