Afore Capital

About

Afore Capital is a venture capital firm founded in 2016, specializing in pre-seed investments. They focus on supporting product-oriented founders at the earliest stages, often before there's significant traction or even a fully developed product.

Investment Focus

Afore Capital concentrates on pre-seed investments across various sectors, including business services, consumer services, fintech, SaaS, marketplaces, and information technology. They typically invest between $500,000 and $2 million in pre-traction, pre-everything companies.

Fund

In February 2025, Afore Capital announced the closing of their fourth fund, raising $185 million to continue their commitment to early-stage startups.

Other Information

Leadership

  • Gaurav Jain: Co-founder and Managing Partner
  • Anamitra Banerji: Co-founder and Managing Partner
  • Derrick Li: Principal
  • Kayla Kavanaugh: Investor
  • Jack McClelland: Investor

Notable Investments

  • Modern Health: A mental health platform
  • BenchSci: An AI-powered biomedical research platform
  • Neo Financial: A fintech company
  • New Lantern: A technology startup
  • Hightouch: A data integration platform

Notable Exits

  • Kubecost: Acquired in September 2024
  • Vibely: Underwent a buyout in November 2022