Twelve Below Fund II

Today we’re delighted to announce the close of Twelve Below II, an $80m pre-seed and seed-stage venture fund, as well as a $28m opportunity fund, focused on backing breakthrough New York-based talent.

Our focus remains the same: earning the right to partner with founders with breakthrough ideas at the earliest stages of company building. We wake up everyday in relentless pursuit of the overlooked founder who’s wild ambition is equally matched with humility for the journey, and who believes committed partnership can bend the odds in their favor. We will continue to lead and co-lead $1–5M pre-seed and seed financings with a $500K-2M initial investment. As a New York City based firm, we believe our home field is increasingly one of the most important technology ecosystems in the world, balanced by the fact that overlooked, ambitious founders can emerge anywhere in the world. Investing in New York will continue to be a key component to our investment strategy.

As the technology and venture capital industry has grown substantially in the last decade, we continue to believe that the recipe for great outcomes comes from uncompromising alignment with founders and LPs. For founders — a long term partner for whom unwavering support is equally important as unvarnished feedback. For LPs — a fund size and portfolio construction that forces constraints in pursuit of excellent returns. We think this approach is time tested and market-proof.

We will continue to pursue investments in fintech, healthcare, energy and consumer sectors. While in many ways this new fundraise is a continuation of what we have always been doing, being the first investor to believe in a company never gets old.

We remain grateful to all of our investors for their continued support, and we welcome our new investors to Twelve Below.

Taylor and Byron