Twelve Below

Twelve Below is a New York-based venture capital firm that focuses on investing in early-stage technology companies. The firm primarily targets pre-seed and seed-stage investments, aiming to lead or co-lead financings with the goal of earning a 10% to 15% ownership stake in core investments. Their portfolio includes companies in sectors such as fintech, healthcare, energy, SMB, and consumer industries. Notable portfolio companies include Accrue Savings, Odyssey Energy, Croissant, Campus, and Truehold. Over 60% of their portfolio has already raised follow-on capital.

The firm was founded in 2021 by Taylor Greene and Byron Ling, both experienced investors with backgrounds in leading venture capital firms. Taylor Greene was previously a Partner at Collaborative Fund and Lerer Hippeau, while Byron Ling was a Partner at Canaan and a Principal at Primary Venture Partners. Their combined experience and networks have enabled Twelve Below to establish a strong presence in the New York City startup ecosystem.

Twelve Below's investment philosophy emphasizes a personalized approach with founders, focusing on high ownership stakes and carefully nurtured networks. This strategy reflects a return to traditional venture capital principles, combining a small fund with high ownership and a focus on building trust with entrepreneurs. The firm's total assets under management across both funds now stand at $160 million, indicating a strong commitment to supporting early-stage companies in their growth and development.