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The Venture Codex

Indicator Ventures

27 W 20th Street 10th Floor, New York, NY, 10011, United States

Overview

Indicator Ventures is an early stage venture capital firm investing in extraordinary founders building technology that makes work, life and wealth building easier and more accessible. We are a lean and collaborative team of lead investors at the earliest stages with over 70 portfolio companies across 3 successful funds. We are most interested in investing in companies building software infrastructure to remove everyday friction points and companies ensuring user accessibility in the worlds largest industries.

Total investments
30
Lead investments
6
Investments · 12mo
4
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Software
  • Venture Capital
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Investment portfolio

  • EDGE Markets

    Participated · Series A · Jun 2026

    EDGE Markets operates a banking platform focused on betting, gaming, and prediction markets, with its flagship product EDGE Boost — a Visa debit program and betting-only deposit account — offering FDIC insurance through Cross River Bank. Since launching about a year ago, EDGE Boost has processed over $2 billion in transactions and, per proprietary research, found 85% of high-value gaming users interested in tailored financial products. The company partners with ZeroHash to provide a compliant crypto-to-USD conversion path and separates gaming funds from everyday finances for users. EDGE Markets plans to roll out EDGE Pro, a high-throughput deposit and margin solution for market makers, and EDGE Connect, a payments rail engineered to lower transaction costs and eliminate chargebacks. To enable EDGE Pro functionality it is pursuing Introducing Broker and FCM registrations with the National Futures Association, and it will offer early access to EDGE Pro and EDGE Connect at no cost in 2026.

  • Beacon Biosignals

    Participated · Series B · Apr 2026

    Beacon Biosignals develops FDA-cleared wearable EEG technology combined with advanced AI to capture and analyze real-world neural data. Its platform provides clinicians and biopharma partners with objective measures of brain function intended to accelerate research, improve diagnostics and guide new treatments across neurology, psychiatry and sleep medicine. The company is led by CEO Jacob Donoghue and is based in Boston, MA. Beacon reported cumulative funding of over $132M following the Series B extension. The company plans to use the new proceeds to further scale at-home EEG deployments and expand its analytics capabilities to support diagnostics, clinical trials and precision medicine.

  • Audioshake

    Participated · Series A · Oct 2025

    AudioShake develops AI-driven audio separation software that can split any recording—including decades-old or live-captured material—into distinct tracks for voices, music, and sound effects with broadcast quality. The platform is delivered through simple APIs and real-time SDKs, enabling film studios, music labels, sports leagues, newsrooms, and Big Tech firms to edit, search, and repurpose audio content. The company has secured more than 40 enterprise contracts and processed over 100 million minutes of audio, fueling nearly 400 percent year-over-year revenue growth. Clients such as Universal Music, Disney Music Group, Warner Bros Discovery, BET, and several “Mag 7” tech companies use the service for immersive music releases, foreign-language dubbing, noise removal, copyright compliance, and training multimodal AI models. AudioShake’s business model combines annual access fees with usage-based pricing, creating recurring enterprise revenue. Founded in 2021 by former Google VP Jessica Powell and former Plaid data-science lead Luke Miner, the 18-person team—half of whom hold PhDs—plans to expand hiring, product development, and go-to-market reach. The newly raised capital will also broaden developer access to the company’s APIs and real-time SDKs, positioning AudioShake as the foundational layer that makes sound as flexible as text or images.

  • Chariot

    Led · Seed · Jul 2025

    Chariot, recently rebranded from ClaimClam, has built an advanced web platform that streamlines the entire mass-action claims process for both consumers and law firms. Using sophisticated automation and a user-friendly interface, the product helps individuals identify class or mass actions they qualify for, links them with leading litigation firms, and manages each step from discovery through payout. To date, the platform has already processed more than 65,000 claims, with an estimated $92 million in gross settlements expected—amounts that could translate into thousands of dollars returned to each claimant. For its 21 partner law firms, Chariot supplies a steady flow of qualified plaintiffs, automates administrative work, and plans to roll out new case-origination tools that will let firms pursue a wider array of high-impact actions more efficiently. By addressing the gap where only 4% of the $50 billion corporations spend on misconduct settlements reaches victims, Chariot aims to rebalance the system in favor of consumers. The recent seed funding gives the company fresh capital to launch and scale the platform nationally, deepen product capabilities, and expand partnerships within the complex litigation ecosystem.

  • Affiniti

    Participated · Series A · May 2025

    Affiniti is building an AI CFO platform that streamlines financial operations for traditionally underserved small and medium-sized businesses. Its system combines expense management, spend controls, credit cards, and predictive analytics into a single operating system, giving operators real-time clarity and control over cash flow. The company distributes these services through co-branded partnerships with industry trade associations, enabling it to reach Main Street businesses at scale. Affiniti’s AI capabilities deliver industry-specific financial guidance, helping customers reduce time spent on back-office tasks and focus on growth. Recent financing will fund continued product development and platform expansion across America’s backbone industries. Although no revenue or user metrics were disclosed, the company positions itself as a modern financial infrastructure provider for nearly all of the nation’s SMBs.

Team

  • Geoffrey Bernstein

    Co-Founder & General Partner

    LinkedIn
  • Jonathan Struhl

    Co-Founder & General Partner

    LinkedIn
  • Baiyin Murphy

    General Partner

    LinkedIn
  • Ben Luntz

    Co-Founder & Partner Emeritus

    LinkedIn