Small teams
Pre-seed through Series A companies that operate with fewer than ten people at meaningful scale.
Cayman Islands · Exempted limited partnership
Capy Venture Fund I
Venture capital for AI-native companies at pre-seed through Series A. Six equal partners. Disciplined portfolio construction.
$10M
Initial close
$50M
Target fund size
2 / 20
Fee & carry
Cayman
Domicile
Investment thesis
AI-native companies at early stage
We invest where intelligence is embedded in the product or operational moat — companies that can compound without linear headcount growth.
AI-native
Models, data flywheels, or agentic workflows as core product advantage — not feature additions.
Outcomes
Paths to category leadership with follow-on reserves for winners and concentration limits per fund documents.
Target allocations
Representative pursuit list
Illustrative companies under allocation review. Not confirmed investments.
Allocation targets only — not holdings, recommendations, or offers of securities. Any positions will be disclosed per fund documents and applicable law.
| Company | Sector | Type | Indicative valuation |
|---|---|---|---|
| SpaceX | Aerospace | Secondary | ~$350B+ (private, indicative) |
| Discord | Community infrastructure | Secondary | ~$15B (private, indicative) |
| Anthropic | Foundation models | Growth | ~$60B+ (private, indicative) |
| Cursor | AI dev tools | Primary | — |
| Perplexity | AI search | Growth | ~$9B+ (private, indicative) |
| ElevenLabs | Voice AI | Growth | — |
| Mistral AI | European models | Growth | — |
| Harvey | Vertical AI · legal | Growth | — |
| Figure AI | Robotics | Growth | — |
General partners
Six partners. Equal economics.
Management fee and carried interest split equally. Each partner sources, diligences, and supports portfolio companies.
Managing Partner
Nic Wanavit
Fund leadership; AI and general analysis.
Partner
Marcus Z
Nordic and India markets.
Partner
Lisa
Due diligence and financial modeling.
Partner
Pratham
Emerging markets and founder communities.
Partner
Alex
Investment strategy and portfolio.
Partner
Stephen
Community and global startup network.
Strategy
Investment parameters
| Stage | Pre-seed through Series A; follow-on reserves in breakout positions |
|---|---|
| Geography | Global — Nordic, India, YC and adjacent founder networks |
| Check size | USD 250K – USD 3M initial per company |
| Portfolio | 20–35 core positions; limits per fund documents |
Fund status
Contact
Limited partner inquiries
Accredited and qualified investors only. Confidential offering materials available on request.