Top 6 Venture Capital Firms for Mobile Apps Startups

For founders in the mobile application space, understanding the investor scene is critical when preparing to raise capital. Connecting with the right venture capital firm—one that truly gets your market and model—can be the key to a successful fundraise and a strong partnership.

To help you find a match, our team has curated this overview of the top VC firms investing in mobile and software startups. This guide is designed to give you a clear look at the most active early-stage, seed, and Series A investors in the field.

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

Key Takeaways

• Securing venture funding provides mobile app startups with the capital and strategic support needed to scale development, user acquisition, and market presence.

• Top venture firms like Elefund, Nasdaq Ventures, PreAngel, and GSD Venture Studios are notable backers of startups in the mobile application industry.

• Once you've closed a round, Rho helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

Which VC Firms in Mobile Apps Are Right for Your Stage?

Whether you're raising your first round or preparing for an exit, it helps to know who to talk to. Here is a quick overview of venture capital firms that invest in mobile app companies at each stage.

Pre-seed and Seed VC Firms in Mobile Apps

Pre-seed and seed funding are the earliest forms of capital, typically used to validate an idea and build a minimum viable product. For tech startups, seed-stage venture capital firms like Elefund and PreAngel are key partners in the mobile app industry.

Early Stage VC Firms in Mobile Apps

Early-stage funding, which includes Series A and B rounds, helps startups with proven traction scale their user base and operations. Prominent early-stage venture capital firms investing in mobile applications include Miroma Ventures and GSD Venture Studios.

Once you secure a round, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy your new capital efficiently.

Late Stage VC Firms in Mobile Apps

Late-stage rounds are for mature companies preparing for significant growth, an acquisition, or an IPO. For founders planning their next major move, technology-focused venture capital firms like Nasdaq Ventures and GSD Venture Studios participate in these later funding stages.

Keep in mind that some venture capital firms invest across multiple funding stages, from seed to late-stage rounds.

To help you identify the right investors, we've gathered information on the top VC firms focused on the mobile app industry. The following list includes key details on their investment stages, geographic focus, and what makes each firm a strong potential partner.

1. Elefund

Based in Mountain View, Elefund is a thesis-driven, micro-venture capital firm that invests in early-stage technology companies. They get involved from the very beginning, participating in seed, convertible note, and other early venture rounds.

The firm has a strong record in consumer technology and fintech, backing future household names like Robinhood, Calm, and Carta. Their portfolio signals a focus on businesses with the potential for massive user adoption and market-defining growth.

Elefund is a strong potential partner for founders building ambitious products in the fintech or consumer mobile sectors. After you close your round, Rho’s integrated platform helps you manage your new capital with business banking, corporate cards, and automated payments.

• Investment stages: Seed, Convertible Note, Early Stage Venture

• Industries of focus: FinTech, InsurTech, Mobile Apps, Wellness

• Geographical presence: Mountain View, California

• Founded: 2015

• Notable portfolio companies: Robinhood, Calm, Carta, Hotel Engine

• Number of investments: 57

You can refer to their website here.

2. Nasdaq Ventures

Nasdaq Ventures is the global venture investment program of Nasdaq, focused on cultivating talent and advancing technology within the financial services industry. They support companies that are building the next generation of market technologies.

The firm invests across a company's full lifecycle—from seed rounds to private equity—signaling a long-term partnership approach. Their portfolio shows a clear focus on financial infrastructure, backing businesses like Sporttrade, a sports-betting exchange, and Amberdata, a digital-asset data provider.

This firm is an ideal partner for founders creating sophisticated fintech platforms, especially in market data, trading, or blockchain technology. Once you secure a round, Rho’s integrated financial tools help you manage and deploy your new capital efficiently.

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

• Industries of focus: Financial Services, Mobile Apps

• Geographical presence: Rockville, Maryland

• Founded: 2017

• Notable portfolio companies: Amberdata, Fnality International, Sporttrade, BMLL Technologies

• Number of investments: 26

You can refer to their website here.

3. PreAngel

PreAngel is a venture capital firm, incubator, and angel group that invests in seed and early-stage companies. Based in Sunnyvale, California, the firm has a strong focus on high-tech and hardware-driven startups.

The firm’s portfolio reveals a clear emphasis on deep technology, with investments in AI, robotics, and autonomous mobility. Notable portfolio companies include EHang, a Nasdaq-listed pioneer in urban air mobility, and Hesai Technology, a leading global supplier of automotive-grade lidar.

PreAngel is a good match for founders building companies in technically complex fields like AI, drones, or cloud infrastructure. Once you secure funding, Rho’s integrated platform helps you manage your new capital with business banking, corporate cards, and automated payments.

• Investment stages: Early Stage Venture, Seed

• Industries of focus: Artificial Intelligence (AI), Big Data, Cloud Infrastructure, Drones, Mobile Apps, SaaS

• Geographical presence: Sunnyvale, California

• Founded: 2011

• Notable portfolio companies: EHang, Hesai Technology, Dobot Robotics, Westwell, Medlinker

• Number of investments: 137

You can refer to their website here.

4. GSD Venture Studios

GSD Venture Studios is a venture studio and accelerator that helps entrepreneurs take their companies global. Based in Menlo Park, they provide capital and hands-on support to help founders scale internationally.

The firm invests across a company's full lifecycle, from early venture rounds to private equity, and has a track record of successful exits. These include the acquisitions of employee rewards platform Xoxoday and digital physiotherapy app Rehaboo. Their portfolio also features companies like Bitwage, a crypto payroll service, showing a focus on ambitious technology.

GSD is a strong potential partner for founders with clear international ambitions, especially those building in technically complex fields like fintech or cybersecurity. Their "#GoGlobal" model is designed for companies ready to expand beyond their home market.

If you're looking for non-dilutive options to complement your equity round, Rho Capital helps you access venture debt and credit lines without the lengthy search process.

• Investment stages: Early Stage Venture, Initial Coin Offering, Late Stage Venture, Private Equity

• Industries of focus: Cloud Computing, Cyber Security, Financial Services, FinTech, Mobile Apps

• Geographical presence: Menlo Park, California

• Founded: 2019

• Notable portfolio companies: Bitwage, Eyedaptic, Xoxoday, Rehaboo

• Number of investments: 56

You can refer to their website here.

5. Fueled

Fueled is a New York-based venture fund that also operates as a mobile product studio and incubator. They support startups across a range of sectors, from consumer and enterprise applications to web development.

The firm's model as a product studio suggests a hands-on, product-focused approach to building companies. Their portfolio includes high-profile exits like ContentCal's acquisition by Adobe, signaling a focus on creating businesses with strong strategic value.

Fueled is a strong partner for founders who need deep product and development support alongside capital. After you close a round, Rho’s integrated platform helps you manage your new capital with business banking, corporate cards, and automated payments.

• Industries of focus: Consumer Applications, Enterprise Applications, Mobile Apps, Web Development

• Geographical presence: New York, New York

• Founded: 2007

• Notable portfolio companies: ContentCal, Capdesk, Volt, Heroes, Wombat

• Number of investments: 20

You can refer to their website here.

6. Miroma Ventures

Miroma Ventures is the investment arm of The Miroma Group, primarily backing growth-stage consumer brands and media platforms. Based in Los Angeles, they invest in companies with clear potential for widespread consumer adoption.

The firm's portfolio shows a strong track record with consumer-facing companies, including the visual discovery network Pinterest and the fitness platform ClassPass, both of which resulted in successful exits. They also support high-growth product companies like the sports-recovery brand Hyperice.

Founders with consumer or media businesses that have demonstrated traction and are ready to scale would find a good partner in Miroma Ventures. After closing a round, Rho helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Early Stage Venture, Seed, Venture

• Industries of focus: Advertising, Digital Media, Financial Services, Mobile Apps, Retail

• Geographical presence: Los Angeles, California

• Founded: 2010

• Notable portfolio companies: Pinterest, Hyperice, Just Water, ClassPass, Cedar

• Number of investments: 25

You can refer to their website here.

What This Tells Us About The VC Scene for Mobile Apps Companies

This review of top investors shows a varied and active funding environment for companies in the mobile app industry. There is a strong concentration of firms focused on early-stage rounds, which is encouraging if you are raising seed or Series A capital. At the same time, firms like Nasdaq Ventures and GSD Venture Studios provide support through later stages, offering a path for long-term growth.

The investors are also diverse in their models, from traditional VCs to hands-on product studios. While many are located in California, the presence of firms in New York and Maryland indicates that opportunities are not limited to one region. This variety gives you more options to find a partner whose approach fits your company's specific needs.

As you prepare your fundraising strategy, remember that equity isn't the only option. Rho Capital connects startups to non-dilutive funding like venture debt and credit lines, offering a fast, guided process to secure financing tailored to your business.

Raise Confidently with Rho

A focused list of investors is critical when you're raising capital, helping you direct your limited time and energy effectively. This preparation allows you to build stronger connections with the right partners for your company.

As you prepare, remember that equity isn't your only path. 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 working capital, and once funds are secured, our integrated tools help you manage them. With business banking, corporate cards, and automated bill pay in one place, you can deploy your new capital efficiently.

FAQs about Venture Capital Firms Focused on Mobile Apps

What do early-stage VC firms look for in mobile app startups?

Early-stage investors prioritize your team's expertise, market size, and initial user traction. A clear plan for growth and a compelling minimum viable product are essential to show your potential and secure a Series A round.

Are there active tech venture capital firms outside of Silicon Valley?

Yes, many prominent venture capital firms operate outside the Bay Area. Major tech hubs like New York, Austin, and Seattle have strong investment communities, and many firms invest in promising companies regardless of their location.

How do micro venture capital firms differ from larger VCs?

Micro VC firms typically invest smaller amounts at the pre-seed and seed stages. They often provide more hands-on support and can be a great first partner for getting your mobile app off the ground and finding product-market fit.

What are my funding options besides equity?

Beyond equity, you can access non-dilutive funding. Rho Capital connects you to options like venture debt and credit lines through a fast, guided process, helping you secure financing that is tailored to your specific business needs.

Which US venture capital firms are most active in consumer tech?

Firms like Elefund and Miroma Ventures have strong track records in consumer tech. The best way to find a fit is to research VCs whose portfolio companies align with your own product, market, and long-term vision.

How can Rho help me manage my capital after fundraising?

Once your round is closed, our integrated platform helps you manage it effectively. With business banking, corporate cards, and automated payments in one place, Rho lets you deploy capital efficiently and focus on growth.