Pace Capital
99 University Place, 3rd Floor, New York, 10003, United States
Overview
Pace Capital is an early-stage venture capital firm focused on series A investments. The new firm was founded by Chris Paik and Jordan Cooper in 2019 and currently has a $400M worth of funds under management. Pace Capital is based in New York City.
- Total investments
- 16
- Lead investments
- 10
- Investments · 12mo
- 6
- Active investors
- 3
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Ollama
Participated · Series B · Jul 2026
Ollama launched in 2023 to make open-weight AI models easy for developers to run locally, aiming to simplify model discovery and execution on personal machines. It provides a desktop product for running models locally and a hosted neocloud with subscription tiers (from free up to $100/month) for larger models, tracking usage by GPU time rather than token limits. The project has strong developer traction with roughly 176,000 GitHub stars, nearly 17,000 forks, and about 8.9 million monthly users while reportedly sitting in 85% of the Fortune 500. Founders Jeff Morgan and Michael Chiang previously helped build Docker Desktop, and the company operates with about 14 employees. Ollama has framed its cloud business as an extension of its open-source mission to help developers find and use models, noting increased commercial demand as larger open models became capable of practical tasks.
- ComfyUI
Participated · Equity · Apr 2026
Founded as an open-source project in 2023, ComfyUI developed a modular, node-based interface that lets creators control each step of generation from diffusion models for image, video, and audio. The tool has been adopted by creative professionals and technical artists, with the company reporting over 4 million users and usage across visual effects, animation, advertising, and industrial design. ComfyUI evolved from a community project into a formal startup and has raised multiple rounds, including $19 million in a late‑2024 Series A and the recent $30 million round at a $500 million valuation. Yoland Yan is the company’s co-founder and CEO and has emphasized the platform’s role in enabling precise, human-in-the-loop adjustments that prompting alone often cannot deliver. The company faces competitors in adjacent tooling, including Weavy, which was acquired by Figma.
- Daytona
Participated · Series A · Feb 2026
Daytona is an infrastructure startup that provides on-demand, composable computers—called sandboxes—designed specifically for AI agents rather than human operators. Each sandbox lets an agent configure CPU, memory, storage, GPU, networking and OS on the fly, then start, pause, fork or snapshot execution in milliseconds. This architecture enables agents to explore multiple decision branches, persist state across failures and safely run code or reinforcement-learning workloads at scale. Early traction has been strong: the company hit a $1 million forward revenue run rate in less than three months and doubled that figure six weeks later. Customers already range from YC startups to Fortune 100 enterprises, with users such as LangChain, Turing, Writer and SambaNova relying on the platform for code execution and RL tasks. Daytona is currently a 20-person team headquartered in New York and is racing to add hardware capacity, open new regions, and grow sales and marketing through grassroots developer events.
- NetBird
Led · Series A · Jan 2026
NetBird is a Berlin-based software company that offers an open-source network security platform designed to create secure, private networks for organisations of all sizes. The product eliminates the need for port configuration, centralised gateways, and complex firewall rules, dramatically reducing operational complexity for engineers and DevOps teams. Since launching on GitHub in 2021, NetBird has grown through a product-led, community-driven model in which users freely test the software in their homelabs before championing wider adoption. Its customer roster spans managed service providers, technology firms, large enterprises, and public-sector organisations, with names such as Sport Alliance, netgo, Signicat, and VIEW Group already deploying the platform. NetBird positions itself as a European-developed, privacy-focused alternative to legacy VPN solutions that often suffer from recurring security vulnerabilities and heavy maintenance burdens. The company’s go-to-market strategy centres on transparent open-source development, minimal friction onboarding, and strong community engagement. Fresh capital from its Series A round gives NetBird the resources to extend engineering efforts, broaden product use cases, bolster community support, and continue global expansion.
- AltStore
Led · Series A · Oct 2025
AltStore offers a third-party iOS app store, originally popularized through its video-game emulator Delta, and has grown quickly since the EU’s Digital Markets Act forced Apple to allow alternative app marketplaces. The platform now hosts more than 100 developers and serves “hundreds of thousands” of users, giving creators freedom over business models and content that would not pass Apple’s stricter policies, including adult apps. Run by co-founders Riley Testut and Shane Gill, the company plans to expand its storefront beyond Europe into Australia, Brazil and Japan later this year. AltStore is also adding a social discovery layer by launching its own Mastodon server that syndicates app updates across the fediverse, enabling users on Mastodon or Threads to follow app accounts directly. To nurture this ecosystem, the company has pledged $500,000 in donations to key open-social projects such as Mastodon gGmbH, Bridgy Fed and PeerTube. The founders, now based in New York, will use new funding to hire a team and scale operations. AltStore’s growth has been entirely product-led until now, with no previously reported outside capital.