Calibrate Ventures announced $97 million in new funds to partner with exceptional founders building the next generation of leading AI and automation companies. Calibrate Fund II will build on the firm’s strong track record of investing in early-stage AI and automation startups rapidly transforming industries such as education, healthcare, logistics, law, financial services, manufacturing, and transportation.
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“Raising a second fund is a testament to the visionary founders Calibrate has supported since we founded the firm in 2017. Every day, these entrepreneurs find new ways to deploy AI to improve the way we work, live, and communicate,” said Jason Schoettler, managing partner at Calibrate Ventures. “We’re honored that Calibrate’s limited partners also see the outsized potential in an automated future.”
Amid strong continued demand from limited partners, Calibrate Fund II is over 20% larger than the firm’s fully-invested first fund, which backed many notable AI and automation leaders such as Built Robotics, Embodied, FarmWise, Soft Robotics, Talage, and TruckLabs. Calibrate’s portfolio companies have attained significant scale and reached important milestones. Since 2018, the firm’s portfolio companies across the US have created over 530 jobs and raised a collective $425 million in financing. Calibrate has grown its own investment team in the last two years, welcoming three new venture partners, Aimée Leifer, Paolo Pirjanian, and Daniel Murray; hiring Carrie Zawistowski as vice president of portfolio finance; and bringing on strategic operators to provide value-added portfolio services.
Calibrate Ventures, founded by Managing Partners Kevin Dunlap and Jason Schoettler, invests in visionary founders leveraging advanced automation to unlock human and economic potential. Whether AI software or a robot, Calibrate defines automation as applying technology to a task, process, or workflow to make it safer, cheaper, faster, more reliable, or more sustainable. The firm invests early in Seed or Series A companies, then partners with founders all along their growth journeys by providing hands-on guidance for go-to-market, marketing and communications, business development, and sales strategy.