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Refactor Capital

330 Primrose Road Suite 201, Burlingame, California, 94010, United States

Overview

Seed-stage VC firm investing in bio, climate, and hard tech startups.

Founded

2016

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Financial Services
Incubators
Venture Capital

Investment portfolio

59rounds
NAMEDATESIZE
Onyx
Oct 2026Participated
$8 MSeed
Pila Energy
Oct 2025Participated
$4 MSeed
Hexium
Apr 2025Led
$8 MSeed
Remedy Scientific
Apr 2025Participated
$11 MSeed
Causal Labs
Mar 2025Participated
$6 MSeed
Miist
Feb 2025Participated
$7 MSeed
General Galactic
Nov 2024Led
$8 MSeed
Granza Bio
Jul 2024Led
$7 MSeed
Bedrock Materials
May 2024Led
$9 MSeed
Rubedo Life Sciences
Apr 2024Participated
$40 MSeries A
General Galactic
Apr 2024Participated
$2 MSeed
Modulo Bio
Jun 2023Participated
$8 MOther Equity
Onyx
Oct 2026Participated
$8 MSeed
Pila Energy
Oct 2025Participated
$4 MSeed
Hexium
Apr 2025Led
$8 MSeed
Remedy Scientific
Apr 2025Participated
$11 MSeed
Causal Labs
Mar 2025Participated
$6 MSeed
Miist
Feb 2025Participated
$7 MSeed
General Galactic
Nov 2024Led
$8 MSeed
Granza Bio
Jul 2024Led
$7 MSeed
Bedrock Materials
May 2024Led
$9 MSeed
Rubedo Life Sciences
Apr 2024Participated
$40 MSeries A
General Galactic
Apr 2024Participated
$2 MSeed
Modulo Bio
Jun 2023Participated
$8 MOther Equity
59
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Refactor Capital: 59 funding rounds are recorded in the selected participation categories.All available history.
Refactor Capital: 59 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1019
Series A011
Series B07
Series C+04
Other Equity16
Debt01

Monthly Deal Activity

Refactor Capital: 59 deals are recorded across 124 months.All available history.
Refactor Capital: 59 deals are recorded across 124 months. All available history
MonthDeals
Jul '161
Aug '161
Sep '160
Oct '160
Nov '161
Dec '160
Jan '170
Feb '171
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '171
Nov '170
Dec '170
Jan '181
Feb '180
Mar '181
Apr '180
May '181
Jun '181
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '191
May '192
Jun '190
Jul '191
Aug '191
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '201
Jul '201
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '214
May '211
Jun '210
Jul '210
Aug '212
Sep '211
Oct '211
Nov '210
Dec '214
Jan '221
Feb '220
Mar '221
Apr '221
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
Dec '221
Jan '232
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '242
May '241
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '251
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Refactor Capital: Health & Life Sciences is the largest displayed sector by deal count (39 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.

Refactor Capital: Health & Life Sciences is the largest displayed sector by deal count (39 deals). All available history
SectorDeals
Health & Life Sciences39
Space & Frontier Tech12
Networks, Cloud & Communication9
Consumer & Lifestyle8
Clean Energy & Sustainability7
AI & Machine Learning7
Food & Agriculture7
Hardware & Robotics6
Manufacturing6
Enterprise Software5
Fintech3
E-Commerce & Retail2
Real Estate & Construction2
Marketing & Advertising2
Professional Services2
Cybersecurity & Privacy1
AR/VR1
Data, Analytics & IT1
Crypto & Blockchain1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Refactor Capital: 59 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.

Refactor Capital: 59 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M16
$10M-$25M13
$25M-$50M3
$50M-$100M7
$100M-$250M3
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Refactor Capital: United States has the largest recorded deal count among the displayed regions (57 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Refactor Capital: United States has the largest recorded deal count among the displayed regions (57 deals). All available history
RegionDeals
United States57
Europe1
India1
Refactor Capital: 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.

Refactor Capital: 20 co-investors are shown, with Y Combinator sharing 10 recorded deals. All available history
Co-investorShared deals
Y Combinator10
BoxGroup8
Fifty Years8
Andreessen Horowitz4
Cantos4
Closed Loop Partners4
First Round4
General Catalyst4
The Engine4
Venrock4
Acre Venture Partners3
Baillie Gifford3
Collaborative Fund3
KdT Ventures3
Prelude Ventures3
SV Angel3
Viking Global Investors3
8VC2
Bee Partners2
BlackRock2

Investment Strategy

Refactor Capital: Led accounts for 19% and participating for 81% of round participation.All available history.
Refactor Capital: Led accounts for 19% and participating for 81% of round participation. All available history
CategoryDeals (count)Share (%)
Led1119%
Participating4881%
Refactor Capital: Single-lead accounts for 18% and co-led for 82% of lead dynamics.All available history.
Refactor Capital: Single-lead accounts for 18% and co-led for 82% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead218%
Co-led982%

Team

Zal Bilimoria

Founding Partner