Investment Thesis

Why we invest
in agentic AI.

Our conviction in plain language — no jargon, no hedging. This is what we believe, why we believe it, and where we put capital.

SMBs are the largest underpenetrated demand layer for practical AI.

Enterprise AI has captured most of the narrative and most of the capital. But small and medium-sized businesses — the 99% — represent a far larger, far less served opportunity.

These businesses desperately need operational leverage. They're running lean teams, drowning in repetitive tasks, and can't afford enterprise-tier solutions built for Fortune 500 IT departments.

Agentic AI — systems that execute complete workflows autonomously — is uniquely suited to this market. No enterprise infrastructure required. Immediate ROI. Fast to deploy.

This is the gap. This is where we invest.

Agentic, Not Assistive

We don't back chatbots or co-pilots. We back agents that take action — booking, billing, reporting, outreach — with minimal human in the loop.

Built for SMBs

Practical, affordable, fast to deploy. No enterprise IT budget required. Products that deliver clear ROI in weeks, not quarters.

Operator-Led Diligence

We've built and scaled inside the verticals our portfolio companies serve. We evaluate products the way their customers do.

Contrarian Timing

While capital chases enterprise AI, the SMB layer is underpriced and underserved. We're investing now, before the consensus catches up.

Sector Focus

Agentic AI. Full stop.

We invest exclusively in companies developing AI agents and autonomous systems. No hedging, no theme drift — pure conviction in the agentic layer.

Autonomous Workflow Agents

AI systems that execute complete business processes end-to-end without requiring human intervention at each step.

Billing & CollectionsClient OnboardingReporting Automation

Decision Automation

Agents that analyze data, apply business logic, and take action autonomously — replacing manual decision-making across operations, sales, and finance.

Lead Scoring & RoutingInventory ManagementRisk Assessment

Operational AI Platforms

Horizontal platforms that let SMBs deploy, manage, and monitor AI agents across their operations without dedicated AI or engineering teams.

No-Code Agent BuildersSMB AI HubsVertical OS Platforms

Revenue-Generating Agents

AI agents that directly drive top-line revenue — outbound prospecting, follow-up, upsells — operating continuously without human sales involvement.

Outbound AIProposal GenerationCustomer Reactivation

Compliance & Ops Agents

Specialized agents for high-stakes operational functions where accuracy and audit trails matter — ideal for regulated SMB verticals.

Document ProcessingRegulatory ReportingHR & Payroll Ops

Vertical-Specific Agents

Domain-specific agentic products purpose-built for a single SMB vertical — deeply integrated, high switching costs, hard to replicate.

LegalHealthcare AdminField Services

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