Top 15 Venture Capital Firms for Information Technology Startups

For founders in the Information Technology sector, preparing to raise capital requires knowing which investors to approach. With so many technology venture capital firms specializing in different areas—from SaaS and AI to fintech and deep tech—finding the right fit is essential for a successful fundraise.

To help you focus your efforts, our team has curated this overview of top VC firms investing in tech. We cover a range of investors, from seed stage to late stage venture capital firms, so you can quickly identify potential partners for your company.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho also provides access to business banking, corporate cards, and bill pay—built for startup teams moving fast.

Key Takeaways

• For startups in the information technology space, securing venture funding provides the essential capital to scale operations, develop products, and expand into new markets.

• Venture capital firms like Silversmith Capital Partners, Underscore VC, Ballistic Ventures, and Shield Capital are notable backers of companies in this industry.

• If you're a founder who is raising or has just closed a round, Rho helps you manage your capital with fast business banking, corporate cards, and bill pay.

Which VC Firms in Information Technology Are Right for Your Stage?

Knowing who to talk to is important at every point in your company's growth, from the early days to a potential exit. To help, we've put together a quick overview of information technology VC firms and the stages they invest in.

Pre-seed and Seed VC Firms in Information Technology

This initial funding stage is for getting your idea off the ground, often before you have significant revenue or a finalized product. For founders seeking their first institutional capital, pre-seed and seed stage venture capital firms like Underscore VC, Ulu Ventures, and Freestyle Capital are key partners.

Early Stage VC Firms in Information Technology

Early-stage funding, which includes Series A and Series B rounds, is for companies that have found product-market fit and are ready to scale their team and customer base. Early stage venture capital firms like the cybersecurity investor Ballistic Ventures and the deep tech venture capital firm Playground specialize in this growth phase.

Late Stage VC Firms in Information Technology

Late-stage venture capital is for established companies with strong revenue streams that are scaling aggressively, often in preparation for an IPO or acquisition. Late stage VC firms such as Elsewhere Partners and SineWave Ventures provide the significant capital required for this level of expansion.

No matter your stage, Rho Capital can help you access non-dilutive funding options like venture debt and credit lines. Our guided matching process connects you with financing tailored to your business model, so you can secure capital without chasing lenders or signing legacy terms.

Keep in mind that many technology venture capital firms, such as Silversmith Capital Partners and Workday Ventures, invest across multiple stages from seed to growth equity.

To help you find the right investment partner, we've compiled an overview of top VC firms that focus on information technology. For each firm, you'll find key details about their investment stages, geographic focus, and what makes them a compelling choice for founders.

1. Silversmith Capital Partners

Based in Boston, Silversmith Capital Partners is a growth equity firm that partners with entrepreneurs in the technology and healthcare industries. Founded in 2015, they focus on providing capital and support to profitable, growing companies.

The firm invests across a wide range of stages, from seed to private equity, with a clear preference for product-centric businesses. Their portfolio includes well-known SaaS companies like Webflow, ActiveCampaign, and impact.com, demonstrating a track record of scaling software leaders.

Silversmith is an excellent match for founders of capital-efficient technology companies who have already found product-market fit. They are particularly well-suited for entrepreneurs seeking a hands-on partner to help accelerate growth into a market-leading position.

• Investment stages: Seed to private equity
• Industries of focus: SaaS & Information Services, Healthcare IT
• Geographical presence: Based in Boston
• Founded: 2015
• Notable portfolio companies: ActiveCampaign, Webflow, impact.com, SurveyMonkey
• Portfolio size: 54 investments

Once you secure a growth round, managing your new capital is the next critical step. Rho’s platform offers integrated banking, corporate cards, and automated payments to help you deploy funds efficiently.

You can refer to their website here.

2. Underscore VC

Underscore VC is a Boston-based firm that backs B2B software founders at the pre-seed and seed stages. They focus on providing the initial capital to help entrepreneurs build their vision from the ground up.

The firm has a strong record of guiding companies to successful exits, with portfolio companies like BastionZero and Zaius being acquired by major players like Cloudflare and Optimizely. Their portfolio also includes the unicorn collaboration platform, Coda, showing their ability to back breakout companies.

Underscore VC is a great fit for founders building B2B software who are seeking an early-stage partner with experience in scaling companies for strategic acquisition. Their focus on pre-seed and seed rounds makes them ideal for first-time institutional fundraising.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Pre-Seed, Seed, Early Stage Venture

• Industries of focus: B2B Software, Financial Services, Information Technology

• Geographical presence: Based in Boston

• Founded: 2015

• Notable portfolio companies: Coda, BastionZero (acquired by Cloudflare), Zaius (acquired by Optimizely)

• Portfolio size: 91 investments

You can refer to their website here.

3. Ballistic Ventures

Ballistic Ventures is a venture capital firm dedicated exclusively to funding and incubating innovations in cybersecurity. Founded in 2021, the San Mateo-based firm focuses on backing entrepreneurs at the early stages of their company's growth.

The firm’s singular focus on cybersecurity is its defining characteristic, with a portfolio that includes high-profile exits like Talon Cyber Security (acquired by Palo Alto Networks) and AlienVault (acquired by AT&T). This track record demonstrates deep industry expertise and a clear path to strategic acquisition for their companies.

Ballistic Ventures is an ideal partner for founders of early-stage cybersecurity startups. If you are building a security-focused company and value a partner with strong technical knowledge and a network geared toward major strategic exits, this firm should be on your list.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Early Stage Venture

• Industries of focus: Cyber Security, Information Technology

• Geographical presence: Based in San Mateo, California

• Founded: 2021

• Notable portfolio companies: Talon Cyber Security (acquired by Palo Alto Networks), AlienVault (acquired by AT&T), ArcSight (acquired by Hewlett-Packard)

• Portfolio size: 63 investments

You can refer to their website here.

4. Shield Capital

Shield Capital is a venture firm based in San Francisco that invests in founders building frontier technologies. They support companies from the seed and early venture stages, focusing on innovations with long-term impact.

The firm concentrates on companies at the intersection of commercial and national security applications, often called dual-use technology. Their portfolio includes high-growth companies like the AI platform Snorkel AI and the defense software provider Rebellion Defense.

Shield Capital is a strong choice for founders developing technologies with dual-use potential in areas like AI, autonomy, and space. If you are raising a seed or early-stage round for a frontier tech company, they are a relevant investor to consider.

Once you secure your funding, Rho provides an integrated platform with business banking, corporate cards, and automated payments to help you manage your new capital effectively.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Frontier Technology, AI, Information Technology

• Geographical presence: Based in San Francisco

• Founded: 2021

• Notable portfolio companies: Snorkel AI, Rebellion Defense, Hawkeye 360, Elroy Air

• Portfolio size: 29 investments

You can refer to their website here.

5. Workday Ventures

Workday Ventures is the corporate venture capital arm of the enterprise software company Workday. Based in San Francisco, they partner with companies from seed to late stage to advance the future of enterprise technology.

As a corporate venture firm, they focus on enterprise software, with a portfolio that includes unicorns like Vanta and Multiverse. Their track record of high-value exits, such as Duo Security's acquisition by Cisco, shows their ability to support companies to scale.

This firm is a good match for founders building enterprise software who could benefit from a strategic partnership with an industry leader. If your company aligns with Workday's ecosystem, their capital and expertise could be a significant advantage.

After you secure funding from a partner like Workday Ventures, Rho can help you manage it. Our platform provides integrated banking, corporate cards, and automated payments to deploy your capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Financial Services, Information Technology
• Geographical presence: Based in San Francisco
• Founded: 2015
• Notable portfolio companies: Vanta, Multiverse, Sumo Logic, Papaya Global, Duo Security
• Portfolio size: 86 investments

You can refer to their website here.

6. Ulu Ventures

Ulu Ventures is a Palo Alto-based firm that focuses on seed-stage investments. Since its founding in 2008, it has backed a large number of companies, primarily in the information technology and fintech sectors.

The firm has a strong track record of investing in companies that achieve significant scale, including major public companies like SoFi and Palantir. This history suggests an ability to identify and support startups with the potential to become market leaders.

Ulu Ventures is an excellent choice for founders at the pre-seed or seed stage, especially those building companies in the fintech space. If you are an early-stage entrepreneur with a vision for a large-scale business, their experience is highly relevant.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: FinTech, Financial Services, Information Technology

• Geographical presence: Based in Palo Alto, California

• Founded: 2008

• Notable portfolio companies: SoFi, Palantir, Guild Education, BetterUp

• Portfolio size: 300 investments

You can refer to their website here.

7. Amazon Alexa Fund

The Amazon Alexa Fund is the corporate venture capital arm of Amazon, providing up to $200 million to support innovation in voice technology. Based in Seattle, the fund invests in companies that are pushing the boundaries of how people interact with technology.

The fund’s focus is on voice technology, but its portfolio shows a broad interest in AI, consumer hardware, and the Internet of Things. Notable investments like Ring and Ecobee highlight their success in backing consumer products that integrate into the smart home ecosystem.

This fund is a strong match for founders developing technologies with potential strategic value to Amazon, especially in voice, AI, and consumer hardware. If your product could naturally integrate with the Alexa ecosystem, they are a key investor to consider.

After you secure funding from a strategic partner like the Alexa Fund, Rho can help you manage it. Our platform provides integrated banking, corporate cards, and automated payments to deploy your capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Convertible Note, Debt
• Industries of focus: Voice Technology, Artificial Intelligence (AI), Consumer Electronics, Hardware, Internet of Things
• Geographical presence: Based in Seattle, Washington
• Founded: 2015
• Notable portfolio companies: Ring, Ecobee, Greenlight, Pixieray, Osmo
• Portfolio size: 141 investments

You can refer to their website here.

8. Playground Global

Playground Global is an early-stage venture capital firm in Palo Alto that backs founders with deep technical and scientific expertise. They provide capital to companies building foundational technologies with long-term impact.

The firm concentrates on deep tech, investing in areas like AI, robotics, and next-generation computing hardware. Their portfolio includes notable companies like Agility Robotics and has seen major exits such as MosaicML's acquisition by Databricks.

Playground is a great fit for technical founders building companies at the intersection of science and engineering. If you are raising an early-stage round for a deep tech venture, their expertise and network are highly relevant.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Early Stage Venture

• Industries of focus: Deep Technology, Artificial Intelligence (AI), Robotics, Software

• Geographical presence: Based in Palo Alto, California

• Founded: 2015

• Notable portfolio companies: Agility Robotics, MosaicML (acquired by Databricks), Nervana (acquired by Intel), Ayar Labs

• Portfolio size: 120 investments

You can refer to their website here.

9. Freestyle Capital

Freestyle Capital is a San Francisco-based firm that invests in early-stage technology companies. Since its founding in 2009, the firm has focused on providing seed funding to help founders get their businesses off the ground.

The firm is known for backing future unicorns at the seed stage, with notable investments in companies like Airtable, Intercom, and Patreon. This track record highlights their ability to identify and support product-centric companies with the potential for massive scale.

Freestyle Capital is an ideal partner for founders raising a seed round for a technology company. If you are building a business with high-growth potential and are seeking an experienced early-stage investor, they are a compelling choice.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Information Technology, Software, Finance, Telecommunications

• Geographical presence: Based in San Francisco

• Founded: 2009

• Notable portfolio companies: Airtable, Intercom, Patreon, BetterUp, Snapdocs

• Portfolio size: 221 investments

You can refer to their website here.

10. Elsewhere Partners

Based in Austin, Elsewhere Partners is a growth capital firm that invests in B2B software companies located outside of traditional venture hubs. They partner with capital-efficient businesses that are ready to scale their operations.

The firm’s defining characteristic is its focus on backing software companies beyond the major coastal tech centers, providing them with operational expertise to grow. Their portfolio includes notable exits like SailPoint and SolarWinds, demonstrating experience in guiding companies to significant outcomes.

Elsewhere Partners is a strong match for founders of B2B software companies who are based outside of major tech ecosystems. If you have an established product and are seeking a hands-on partner for your next growth stage, they are a relevant firm to consider.

Once you secure a growth round from a firm like Elsewhere Partners, managing your new capital is the next critical step. Rho’s platform offers integrated banking, corporate cards, and automated payments to help you deploy funds efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity
• Industries of focus: B2B Software, Information Technology, Internet
• Geographical presence: Based in Austin, Texas
• Founded: 2017
• Notable portfolio companies: SailPoint, SolarWinds, Bazaarvoice, Jam City
• Portfolio size: 22 investments

You can refer to their website here.

11. Day One Ventures

Day One Ventures is a San Francisco-based firm that invests in customer-focused companies. A key part of their model is that they also spearhead communications for the startups they back.

The firm's approach combines early-stage capital with hands-on public relations support, a unique value proposition for founders. Their portfolio includes high-profile companies like the global HR platform Remote and the crypto project Worldcoin.

Day One Ventures is a great match for early-stage founders who believe strong storytelling is critical to their success. If you are building a customer-centric business and want a partner to help shape your public narrative, they are a relevant firm to know.

As you consider partners like Day One Ventures, Rho Capital can also help you access non-dilutive funding options like venture debt and credit lines, tailored to your business needs.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Information Technology, Financial Services, Business Development

• Geographical presence: Based in San Francisco

• Founded: 2018

• Notable portfolio companies: Remote, Worldcoin, BitFury, Root

• Portfolio size: 111 investments

You can refer to their website here.

12. SineWave Ventures

SineWave Ventures is an Arlington-based firm that provides capital to technology companies in both commercial and government sectors. They invest from early to late stages, supporting businesses as they grow.

The firm has a strong focus on enterprise and infrastructure software, with a portfolio that includes major players like SentinelOne and Databricks. This track record shows their ability to back companies that achieve public listings and high-value private valuations.

SineWave is a good fit for founders building enterprise technology with dual-use applications for both private and public sector customers. If you are building a company with the potential for significant scale, their experience is highly relevant.

After you secure funding from a partner like SineWave Ventures, Rho can help you manage it. Our platform provides integrated banking, corporate cards, and automated payments to deploy your capital efficiently.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Financial Services, Information Technology, Infrastructure
• Geographical presence: Based in Arlington, Virginia
• Founded: 2015
• Notable portfolio companies: SentinelOne, Databricks, Evolv Technology, Clarifai
• Portfolio size: 44 investments

You can refer to their website here.

13. Script Capital

Script Capital is a San Francisco-based firm that invests in internet and software companies at the seed and early stages. Since its founding in 2016, the firm has focused on providing foundational capital to technology startups.

The firm has a strong record of backing companies that achieve successful exits through acquisition by major tech players. Its portfolio includes Zenly (acquired by Snapchat), Sqreen (acquired by Datadog), and LockerRoom (acquired by Spotify), alongside the unicorn membership platform Patreon.

Script Capital is an excellent match for founders of early-stage software and internet companies, particularly those building products with clear strategic value to larger platforms. Their history suggests a sharp eye for startups on a path to a significant acquisition.

For founders exploring all their early-stage financing options, Rho Capital provides a guided process to access non-dilutive funding like venture debt and credit lines, tailored to your business needs.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: SaaS, FinTech, Internet of Things, Big Data

• Geographical presence: Based in San Francisco

• Founded: 2016

• Notable portfolio companies: Patreon, Zenly (acquired by Snapchat), Sqreen (acquired by Datadog), LockerRoom (acquired by Spotify)

• Portfolio size: 56 investments

You can refer to their website here.

14. BlueRun Ventures

BlueRun Ventures is a San Mateo-based firm that has been investing since 1998. They provide capital to companies from seed to late stage, with a focus on mobile software, services, and financial technology.

The firm’s extensive track record is distinguished by its early investments in iconic companies like PayPal and Waze. This history of backing businesses that achieve massive scale demonstrates a clear ability to identify and support market-defining technologies.

BlueRun Ventures is an excellent match for founders in the mobile or fintech sectors who are building for the long term. If you are seeking a partner with deep experience guiding companies toward major outcomes like an IPO or a large strategic acquisition, they are a compelling choice.

After securing a round with a long-term partner like BlueRun, Rho can help you manage your finances. Our platform provides integrated banking, corporate cards, and automated payments to help you deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture

• Industries of focus: Mobile Software, Financial Services, FinTech, Information Technology

• Geographical presence: Based in San Mateo, California

• Founded: 1998

• Notable portfolio companies: Waze (acquired by Google), PayPal, Coupa Software, Hello Heart

• Portfolio size: 218 investments

You can refer to their website here.

15. Illuminate Ventures

Illuminate Ventures is an Oakland-based firm that invests in B2B enterprise software companies. They focus on seed-stage businesses that are relatively mature and can deliver solutions with a rapid, measurable return on investment.

The firm has a strong record of backing companies to significant outcomes, including Coupang's multi-billion dollar IPO and Xactly's acquisition by Vista Equity Partners. This history highlights their focus on enterprise software and a data-driven approach to investing.

Illuminate is a great match for founders of B2B software startups who have already established some traction and can prove their value proposition. If you are seeking a partner with experience guiding companies toward major public or private market exits, they are a relevant choice.

After securing a round with a partner like Illuminate Ventures, Rho can help you manage your finances. Our platform provides integrated banking, corporate cards, and automated payments to help you deploy capital efficiently.

• Investment stages: Seed to late stage venture
• Industries of focus: B2B/Enterprise Software, AI, SaaS
• Geographical presence: Based in Oakland, California
• Founded: 2010
• Notable portfolio companies: Coupang, Xactly, Opsmatic
• Portfolio size: 65 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Information Technology Companies

This overview shows a healthy funding environment for information technology companies. You'll find investors across all stages, from pre-seed firms providing foundational capital to late-stage partners supporting aggressive growth. This balance means that no matter your company's maturity, there are potential partners available.

The investor base is also varied. While many firms are in tech hubs like the Bay Area, others are located elsewhere or specifically seek companies outside these centers. You can also find firms with deep expertise in niches like cybersecurity or AI, allowing you to connect with a partner who understands your market.

After securing your funding, the focus shifts to managing it well. Our integrated platform at Rho helps you deploy capital with tools for business banking, corporate cards, and automated payments, supporting your company's growth.

Raise Confidently with Rho

Raising capital is demanding, and your time is valuable. A focused list of investors helps you direct your energy toward the partners who are the right fit for your company.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. We help you access financing tailored to your business model without chasing lenders.

Once capital is secured, our integrated platform helps you manage it with business banking, corporate cards, and automated bill pay. This allows you to deploy your funds efficiently and focus on growth.

FAQs about Venture Capital Firms Focused on Information Technology

Which US cities are major hubs for technology VC firms?

Beyond Silicon Valley, major hubs for technology venture capital firms include New York, Boston, and Los Angeles. Emerging centers like Austin and Miami are also growing quickly, offering more options for founders across the country.

What is the difference between a micro VC and a large venture capital firm?

Micro VCs manage smaller funds and typically write smaller checks for pre-seed or seed rounds. Large venture capital firms have significant capital to deploy across all stages, from early growth to pre-IPO rounds, often leading larger funding rounds.

How do I find VC firms that focus on my specific tech niche?

Use industry databases, attend tech-specific conferences, and review the portfolios of firms you admire. Many firms clearly state their focus, such as in cybersecurity or AI, which helps you find the right alignment for your company.

What are my funding options besides equity from VC firms?

You can explore non-dilutive funding like venture debt or credit lines. Rho Capital helps founders access these options through a guided process, connecting you with financing tailored to your business model without giving up additional equity.

How can Rho help my startup manage its venture capital?

Once you secure funding, our integrated platform helps you manage it. Rho provides business banking, corporate cards, and automated bill pay, allowing you to deploy capital efficiently and focus on growing your company.