Recent Funding
Investors
Theory Ventures

Theory Ventures portfolio

Theory Ventures has 11 portfolio companies on record at Recent Funding, with 3 investments in the last 12 months.

Website: theory.ventures.

X: @Theoryvc.

Type: Venture capital.

Portfolio on Recent Funding: 11.

Deals, last 12 months: 3.

Rounds led: 7 of 8.

Capital in their rounds: $287.35M.

Latest deal: Ollama · Jul 9, 2026.

About this page

It is a venture capital firm based in San Francisco, US, founded in 2022. It led 7 of the 8 rounds it joined. Its most recent investment on record is Ollama's $65M Series B+ round in July 2026, which it led. By category, its portfolio leans toward Developer tools and cloud (4) and AI agents (4). It has co-invested with CRV, IQT and Decibel Partners, most often CRV (2 rounds).

About Theory Ventures

Firm type: Venture capital.

Headquarters: San Francisco, US.

Founded: 2022.

Stages: Seed, Series A, Series B, Series C.

Sectors: AI & Machine Learning, Cloud Computing, Crypto & Web3, Cybersecurity, Data & Infrastructure, Developer Tools, Enterprise Software, SaaS.

Check size: $1M to $40M.

Leads rounds: No.

Portfolio companies: 23.

Exits: 1.

Rounds led: 12.

Funds raised

Fund	Fund #	Size	Announced
TTheory Ventures	II	$450M	Nov 1, 2024 Fortune

What Theory Ventures invests in

Developer tools and cloud · 4 · 36%
AI agents · 4 · 36%
Data and analytics · 4 · 36%
Cybersecurity · 1 · 9%
Education · 1 · 9%
Fintech · 1 · 9%
AI infrastructure and compute · 1 · 9%
Oracles and on-chain data · 1 · 9%

Theory Ventures recent investments

Company	Round	Date	Alongside
OOllama	Series B+ · $65M · lead	Jul 9, 2026	none named
SSail Research	Series A · $80M	Jun 24, 2026	Lip-Bu Tan, John Hennessy, Abstract Ventures +6
KKoah	Series A · $20.5M · lead	Feb 25, 2026	none named
DDropzone AI	Series B+ · $37M · lead	Sep 4, 2025	Decibel Partners, Pioneer Square Labs, Madrona +1
LLanceDB	Series A · $30M · lead	Jun 24, 2025	Zero Prime Ventures, Runway, Factorial Capital +5
DDoss	Series A · $18M · lead	Apr 15, 2025	none named
DDropzone AI	Series A · $16.85M · lead	May 12, 2024	Anshu Gupta, Decibel Partners, IQT +3
OOmni	Series B+ · $20M · lead	Mar 14, 2024	none named

How Theory Ventures invests

Stage	Deals	Capital in rounds
Series A	5 63%	$165.35M
Series B+	3 38%	$122M

Year	Deals	Capital in rounds
2024	2 25%	$36.85M
2025	3 38%	$85M
2026	3 38%	$165.5M

Theory Ventures portfolio companies

OOllama$65MSeries B+ · Jul 2026
SSail Research$80MSeries A · Jun 2026
KKoah$20.5MSeries A · Feb 2026
DDropzone AI$37MSeries B+ · Sep 2025
LLanceDB$30MSeries A · Jun 2025
DDoss$18MSeries A · Apr 2025
OOmni$20MSeries B+ · Mar 2024
SSuperlinkedbacker
AAlliumbacker
BBackOps AIbacker
AAampebacker

Company	Round with Theory Ventures	Total raised	Latest raise
OOllama Developer tools and cloud	Jul 9, 2026 Series B+ · $65M · lead	$65M	Jul 9, 2026 Series B+
SSail Research AI agents	Jun 24, 2026 Series A · $80M	$80M	Jun 24, 2026 Series A
KKoah	Feb 25, 2026 Series A · $20.5M · lead	$20.5M	Feb 25, 2026 Series A
DDropzone AI AI agents	Sep 4, 2025 Series B+ · $37M · lead	$57.35M	Sep 4, 2025 Series B+
LLanceDB Data and analytics	Jun 24, 2025 Series A · $30M · lead	$30.5M	Jun 24, 2025 Series A
DDoss Fintech	Apr 15, 2025 Series A · $18M · lead	$73M	Mar 24, 2026 Series B+
OOmni Data and analytics	Mar 14, 2024 Series B+ · $20M · lead	$235.9M	Jul 2, 2026 Series A
SSuperlinked AI agents	backer · source	undisclosed	—
AAllium Oracles and on-chain data	backer · source	$17M	Jul 1, 2024 Series A
BBackOps AI Commerce and retail	backer	$32M	Sep 16, 2026 Series B+
AAampe AI agents	backer	$27.3M	Dec 10, 2024 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Theory Ventures raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 8 rounds on Recent Funding that name Theory Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Theory Ventures, which is a subset of its real portfolio. API: /api/v1/investors/theory-ventures (get a free API key). More: the most active VC firms and new venture capital funds.