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Theory Ventures

Theory Ventures

Portola Valley, Californiatheoryvc.com

Overview

Theory Ventures is a venture capital firm investing $1-25 million in early-stage software startups across theses in data, AI, and web3, with a focus on companies that leverage technology discontinuities into go-to-market advantages.

Year Founded

2023

Portfolio Companies

29

Investments

Theory Ventures investments
CompanyDateStageLead
Open WebUIJul 2026Series BLead
OllamaJul 2026Series BLead
DelphiJun 2026Series BLead
Sail ResearchJun 2026SeedCo-investor
AlliumJun 2026Series BCo-investor

Key People

Tomasz Tunguz

Founder and General 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

HeadquartersPortola Valley, California
Year Founded2023

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