Pitbull Ventures, the early-stage enterprise capital agency based by distinguished investor Brad Zions, at the moment introduced the shut of its $5M Fund I.
The fund, which is seeking to gas the expansion of pioneering startups within the area and take LA’s tech scene to new heights, invests in pre-seed AI-enabled vertical SAAS startups with early traction.
Founder and Managing Accomplice at Pitbull Ventures, Brad Zions, stated, “The launch of our new fund’s closing is due to the unwavering dedication of our funding crew and the help of our wonderful LPs. Now, we’re desperate to get into Los Angeles and uncover founders engaged on essentially the most attention-grabbing vertical SaaS options throughout industries that want enterprise backing in 2024.”
The enterprise fund has backed 15 vertical SaaS early-stage startups. Investor and entrepreneur Brad Zions has been an lively early-stage investor for the previous 25 years, each as a companion at Construction Fund and individually, previous to founding Pitbull Ventures in 2021.
Winners within the portfolio embody Harri, VidMob, and Embrace, with latest exits together with Podsights, Jukin Media, and Donut Media. Earlier exits embody QXL (IPO) and Google through Ron Conway’s Angel Funds I and II.
Pitbull Ventures is a pre-seed fund centered on industry-vertical SaaS startups, preferring to guess on founding groups which might be leveraging AI and have demonstrated early product market match. The crew has invested throughout a wide range of SaaS industries, giving the VC fund a much wider attain, with its portfolio together with every part from FinOps to IT distribution providers to hospitality tech.
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