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Indicator Ventures

Indicator Ventures

Boston, Massachusettsindicatorventures.com

Overview

Indicator Ventures is a pre-seed and seed stage venture capital firm, investing in technology companies across the U.S. Founded in 2013, Indicator Ventures at the earliest stage in high-velocity founders building radically different technology companies with unique business models or distribution. The team of three GPs each has over 15 years of experience, and we've developed a focused, boutique strategy to consistently deliver exceptional returns for our LPs. The firm results come from discipline: concentrated portfolio construction, right-sized funds, and a high-conviction approach. The firm deploy 80 percentage of capital before Series A, lead early, buy up before others believe, and take secondary when it's time to manage concentration and lock in gains. The firm stay focused and in

Year Founded

2013

Portfolio Companies

51

Investments

Indicator Ventures investments
CompanyDateStageLead
EDGE MarketsJun 2026Series ACo-investor
Beacon BiosignalsApr 2026Series B ExtensionCo-investor
Hike MedicalApr 2026Series ACo-investor
Beacon BiosignalsNov 2025Series BCo-investor
AudioShakeOct 2025Series ACo-investor

Key People

Ben Luntz

Co-founder Partner Emeritus

Geoffrey Bernstein

Co-founder Managing Partner

Jonathan Struhl

Co-founder General Partner

Baiyin Murphy

General Partner

Daniel Lieberman

Venture Partner

Kyle Ellicott

Venture Partner

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersBoston, Massachusetts
Year Founded2013

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