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The Venture Codex

Haystack

727 Sansome St Floor 3, San Francisco, CA, 94111, United States

Overview

Venture capital firm supporting early-stage outlier founders.

Founded

2013

Deals ยท 12mo

15

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

113rounds
NAMEDATESIZE
Onyx
Oct 2026Participated
$8 MSeed
Trebellar
Sep 2026Participated
$18 MSeries A
Polyphron
Sep 2026Participated
$20 MSeed
Synthefy
Aug 2026Participated
$7 MSeed
Pangram
Jul 2026Participated
$9 MOther Equity
Integral
Jul 2026Participated
$25 MOther Equity
Neion Bio
Jun 2026Participated
$23 MSeries A
Board
Jun 2026Participated
$20 MSeries A
Soma Energy
Apr 2026Participated
$7 MSeed
Neion Bio
Mar 2026Participated
$11 MOther Equity
Meadow
Mar 2026Led
$9 MSeries A
Moxie
Mar 2026Participated
$25 MSeries C
Onyx
Oct 2026Participated
$8 MSeed
Trebellar
Sep 2026Participated
$18 MSeries A
Polyphron
Sep 2026Participated
$20 MSeed
Synthefy
Aug 2026Participated
$7 MSeed
Pangram
Jul 2026Participated
$9 MOther Equity
Integral
Jul 2026Participated
$25 MOther Equity
Neion Bio
Jun 2026Participated
$23 MSeries A
Board
Jun 2026Participated
$20 MSeries A
Soma Energy
Apr 2026Participated
$7 MSeed
Neion Bio
Mar 2026Participated
$11 MOther Equity
Meadow
Mar 2026Led
$9 MSeries A
Moxie
Mar 2026Participated
$25 MSeries C
113
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Haystack: 113 funding rounds are recorded in the selected participation categories.All available history.
Haystack: 113 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed838
Series A122
Series B09
Series C+27
Other Equity223
Debt01

Monthly Deal Activity

Haystack: 113 deals are recorded across 146 months.All available history.
Haystack: 113 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '141
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '152
May '150
Jun '150
Jul '150
Aug '152
Sep '150
Oct '150
Nov '150
Dec '151
Jan '161
Feb '162
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '164
Sep '160
Oct '162
Nov '160
Dec '161
Jan '171
Feb '171
Mar '171
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '172
Oct '171
Nov '171
Dec '171
Jan '181
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '192
Mar '192
Apr '191
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '191
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '201
Jul '200
Aug '200
Sep '203
Oct '200
Nov '200
Dec '201
Jan '211
Feb '210
Mar '212
Apr '212
May '214
Jun '210
Jul '210
Aug '212
Sep '212
Oct '211
Nov '214
Dec '211
Jan '222
Feb '224
Mar '223
Apr '221
May '220
Jun '222
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '233
Aug '231
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '243
Apr '240
May '241
Jun '241
Jul '240
Aug '240
Sep '243
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '252
Oct '251
Nov '252
Dec '251
Jan '260
Feb '260
Mar '263
Apr '261
May '260
Jun '262
Jul '262
Aug '261
Sep '262
Oct '261

Sector Breakdown

Haystack: Enterprise Software is the largest displayed sector by deal count (38 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Haystack: Enterprise Software is the largest displayed sector by deal count (38 deals). All available history
SectorDeals
Enterprise Software38
Networks, Cloud & Communication29
AI & Machine Learning26
Professional Services23
Data, Analytics & IT16
Health & Life Sciences15
Developer Tools13
Fintech12
Hardware & Robotics11
Cybersecurity & Privacy10
Real Estate & Construction8
Space & Frontier Tech8
E-Commerce & Retail7
Marketing & Advertising7
Media & Entertainment7
Education & Workforce6
Transportation & Logistics6
Consumer & Lifestyle5
Manufacturing5
Food & Agriculture5
AR/VR3
Social & Community Platforms3
Travel & Hospitality2
Gaming & eSports2
Clean Energy & Sustainability1

Deal Size Distribution

Haystack: 113 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Haystack: 113 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M39
$5M-$10M27
$10M-$25M24
$25M-$50M11
$50M-$100M7
$100M-$250M5
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Haystack: United States has the largest recorded deal count among the displayed regions (100 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Haystack: United States has the largest recorded deal count among the displayed regions (100 deals). All available history
RegionDeals
United States100
Canada3
Europe3
Mexico2
South Africa2
Australia1
Japan1
100221
Haystack: 20 co-investors are shown, with Y Combinator sharing 10 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Haystack: 20 co-investors are shown, with Y Combinator sharing 10 recorded deals. All available history
Co-investorShared deals
Y Combinator10
Google Ventures9
Andreessen Horowitz7
Caffeinated Capital7
Liquid 2 Ventures7
Homebrew6
Initialized Capital6
Susa Ventures6
Compound Ventures5
Lightspeed Venture Partners5
Lux Capital5
Root Ventures5
SV Angel5
Basis Set Ventures4
Boldstart Ventures4
CRV4
Insight Partners4
Ludlow Ventures4
Threshold Ventures4
Tiger Global4

Investment Strategy

Haystack: Led accounts for 12% and participating for 88% of round participation.All available history.
Haystack: Led accounts for 12% and participating for 88% of round participation. All available history
CategoryDeals (count)Share (%)
Led1312%
Participating10088%
Haystack: Single-lead accounts for 31% and co-led for 69% of lead dynamics.All available history.
Haystack: Single-lead accounts for 31% and co-led for 69% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead431%
Co-led969%

Team

Aashay Sanghvi

Principal

Andrew Rowat

Co-Founder

Debbie Quement

Chief Financial Officer

Divya Dhulipala

Senior Associate

Semil Shah

Founder and General Partner