ACME Capital

Reviewed Updated Jul 8, 2026

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Location San Francisco, CA
Founded 2018
Fund Size $300M+ (Fund IV + Opportunity Fund, 2022); $1.5B aggregate capital commitments
Website https://www.acme.vc/
Stage Focus
seed series-a series-b
Sector Focus
deep-tech aerospace-defense digital-health ai quantum-computing semiconductors gaming consumer fintech industrial-systems

Team

Hany Nada Co-Founder and Partner
Scott Stanford Co-Founder and Partner
Alex Fayette Partner
Aike Ho Partner
Christian Tang-Jespersen Partner
Katera Mujadidi Partner, Head of Investor Relations and Fundraising

About

ACME Capital is an early-stage venture firm headquartered in San Francisco that invests in frontier technologies before they reach the mainstream 1. The firm was founded in 2018 by Hany Nada and Scott Stanford, emerging from the rebranding of Sherpa Capital, which Stanford had co-founded with Shervin Pishevar in 2013 2. Following Pishevar’s departure in late 2017, Stanford partnered with Nada, who had previously co-founded GGV Capital in 2000 2.

ACME closed over $300 million for its Fund IV and adjacent Opportunity Fund in February 2022, comprising a $240 million early-stage fund and a $60 million later-stage vehicle 3. This brought the firm’s aggregate capital commitments to $1.5 billion 3. The firm’s previous fund had closed at $181 million 3. ACME invests with a 10-year horizon, with an average time to liquidity of about seven years 4. The firm typically writes checks of $5–10 million and leads approximately 80% of its investments 4.

The founding team brings substantial prior experience: Nada spent over two decades in venture capital at GGV Capital and a decade on Wall Street at Piper Jaffray as a Managing Director and Senior Research Analyst 5. Stanford spent 12 years co-heading Goldman Sachs’s Global Internet Investment Banking, advising on over $80 billion in financings and transactions for companies including Facebook, Google, Airbnb, and Palantir 6. He also co-founded Silicon Foundry, a corporate innovation advisory firm 6.

Over 60% of the firm’s investments in recent years have been into companies with at least one non-male and/or non-white founder, and 68% of ACME’s employees are non-male, non-white, and/or members of the LGBTQ community 1.

Stated Thesis

ACME publicly describes itself as investing in “frontier technologies before they’re mainstream,” backing “deep-tech founders combining technical ambition with decisive execution” 1. The firm states its focus areas include aerospace and defense, physical AI, future of work, digital health, advanced materials, and next-generation manufacturing 1.

Co-founder Hany Nada has described the firm’s approach as being “as off-Broadway as possible,” deliberately avoiding sectors that are currently hot in venture capital to identify what will be hot next 4. Nada emphasizes that customer validation and proof-of-concepts provide sufficient credibility for early-stage investment, and that deep tech companies should only commercialize products that are ready for self-deployment 4.

Scott Stanford has stated that the firm’s sweet spot is “that late seed, Series A” stage, and that “disruptive business models” and “disruptive technology” are at the core of ACME’s interests 7. Stanford has also said the firm requires only two partners to approve an investment: “We need two partners to make a decision. So if two partners are advocating for an investment, the investment will get done” 7.

The firm says it practices what it calls “Impact Value-Add” (IVA), distinguishing its founder support from table-stakes services that venture firms typically deliver 1.

Inferred Thesis

Based on 31 verified portfolio companies from the highlighted portfolio and public sources, ACME’s actual investment behavior shows the following patterns:

Sector Distribution (31 verified investments): - Enterprise Intelligence / Software: 9 of 31 (29%) — Braintrust, BoomPop, Decagon, Forma AI, Laurel, Partiful, Regology, SoLo Funds, Replika - Frontier Health / Digital Health: 7 of 31 (23%) — Tia, Brightside, Canopy, Conceivable, Camber, IonLace, Again - Aerospace & Defense: 4 of 31 (13%) — Astra, Muon Space, True Anomaly, Harmattan AI - Next-Gen Compute (Quantum, Semiconductors): 4 of 31 (13%) — IonQ, Forte, Sphere Semi, Blumind - Consumer: 3 of 31 (10%) — Savage X Fenty, Curio, Avia Games - Industrial Systems: 2 of 31 (6%) — Reshape Bio, Treon, Invert - Other: 2 of 31 (6%) — NIL Technology, Uhnder

Notable patterns: - While ACME emphasizes “deep tech,” a significant portion of the portfolio (29%) is enterprise software / AI-enabled SaaS, which is not typically classified as deep tech. The firm’s actual investing is broader than its stated thesis suggests. - The digital health allocation (23%) is substantial and driven largely by Partner Aike Ho’s focus area. This is consistent with the stated thesis. - Aerospace & defense is a genuine focus area (13%), with investments in multiple space companies (Astra, Muon Space, True Anomaly) and defense AI (Harmattan AI). - The firm has achieved notable public exits: IonQ (NYSE: IONQ), Astra (NASDAQ: ASTR via SPAC in 2021), Cue Health (NASDAQ: HLTH IPO in 2021), and Braintrust (BTRST token) 3. Earlier portfolio companies under the Sherpa Capital umbrella include Uber, Airbnb, Robinhood, Slack, DraftKings, and Opendoor 8.

Stage focus: The firm targets seed through Series B, with a stated sweet spot at late seed / Series A 7. Typical check size is $5–10M 4.

Geographic focus: Primarily US-based companies, with up to 25% allocated to European companies 4. Partner Christian Tang-Jespersen is based in Denmark and focuses on European investments 9.

Co-investor patterns: ACME has co-invested with firms including Accel, Bain Capital Ventures, Menlo Ventures, Eclipse, and Y Combinator across various portfolio companies 1011.

Sample size caveat: This analysis is based on 31 verified investments from ACME’s highlighted portfolio, out of an estimated 127–207 total investments reported by aggregators 812. The actual portfolio is larger and may show different sector distributions.

Portfolio

Company Stage Year Sector Status
IonQ Early Stage ~2019 Quantum Computing IPO (NYSE: IONQ) 3
Astra Early Stage ~2018 Aerospace IPO via SPAC (NASDAQ: ASTR, 2021) 13
Cue Health Series C+ 2020 Diagnostics / Health IPO (NASDAQ: HLTH, 2021) 14
DraftKings Early Stage ~2015 Gaming / Sports IPO (NASDAQ: DKNG) 5
Braintrust Early Stage ~2020 Enterprise / Web3 Public (BTRST) 15
True Anomaly Series D (participated) 2026-04-28 Aerospace & Defense Active 1022
Muon Space Series B 2024-08-05 Aerospace / Satellites Active 16
Conceivable Series A 2025-01-14 Digital Health / IVF Active 1723
Canopy Series B (co-lead) 2026-01-08 Healthcare Safety Active 262728
Tia Series A/B ~2020 Women’s Health Active 18
Decagon Series B 2024-10-15 AI / Customer Support Active 1124
Partiful Series A 2022-11-08 Consumer / Events Active 293031
Savage X Fenty Growth ~2020 Consumer / Fashion Active 11
Reshape Bio Series A 2024-04-09 Lab Automation / Biotech Active 1929
Forma AI Early Stage ~2021 Enterprise / Sales Comp Active 15
Replika Early Stage ~2019 AI / Consumer Active 15
Sphere Semi Seed (co-led with Future Ventures, $12.5M; Construct Capital, Abstract, Village Global, Xfund, Generational Partners participated) 2025-09-22 Semiconductors / AI-designed analog chips Active 15353637
Harmattan AI Series A (participated per ACME’s own materials; FirstMark led $30M; not named in primary Series A press coverage; company founded April 2024) 2025-03 Defense / AI Active 15383940
Curio Seed (aggregator attribution only — ACME not named in Curio launch press [TechCrunch 2023-12-15]; total ~$13.7M raised per aggregators alongside Blue Wire Capital, Shine Capital, AI Grant) ~2023 (company founded 2023; launched preorders December 2023) Consumer / AI Toys Active 154445
Brightside Early Stage ~2020 Digital Health / Mental Health Active 20
SoLo Funds Early Stage ~2020 Fintech / Lending Active 15
Laurel Early Stage ~2021 Enterprise / AI Active 15
Regology Early Stage ~2021 Enterprise / RegTech Active 15
BoomPop Early Stage ~2021 Enterprise / Events Active 15
Avia Games Early Stage ~2020 Gaming Active 15
Blumind Seed ~2022 Semiconductors / AI Active 15
NIL Technology Growth ~2022 Optics / Hardware Active 15
Treon Early Stage ~2022 Industrial IoT Active 15
Again Series A ($43M / €39.4M; co-led by GV and HV Capital; ACME participated as existing seed investor) 2024-07-17 Green Chemistry / Climate Active 15323334
Invert Seed (aggregator attribution only — ACME not named in either publicly known round: YC W22 initial seed circa January 2022, or the July 2025 $20.1M seed per SignalBase; ACME listed alongside Giant Ventures, Positive Sum, Y Combinator) ~2022-2025 Bioprocessing / Software Active 154647
IonLace Pre-Seed / Seed (aggregator attribution only — ACME not named in primary press; undisclosed amount disclosed by Sifted / BeBeez / Startup Universal as of June 7, 2024, alongside 201 Ventures and Heartcore Capital) ~2024 (company founded late 2023 in Stockholm; publicly disclosed by Sifted 2024-06-07) Proteomics / AI Protein Design Active 154849
Camber Series B (participated, $30M; a16z led; Craft Ventures, Y Combinator also participated) 2025-02-26 Healthcare Billing / AI Active 15414243
Uhnder Early Stage ~2019 Autonomous Vehicles / Radar Active 4
Arya Health Series A (led, $18.2M; Ridge Ventures, Twelve Below, executives from OpenAI, and post-acute care providers participated; brings total to $25M) 2025-10-29 Healthcare AI (post-acute care administration) Active 15505152
Stendr Pre-Seed (co-led) 2026-04-15 Defense Tech / Drones Active 21
Plot Seed follow-on 2026-06-02 AI / Marketing / Social Video Active 25

Note: This table represents approximately 35 of an estimated 127–207 total investments. Many investments, particularly those made under the Sherpa Capital name (Uber, Airbnb, Robinhood, Slack, Opendoor, Rent the Runway, Wag), are not included as they predate the ACME Capital branding. Years marked with ~ are approximations based on available data.

In Their Own Words

Hany Nada on their contrarian approach: “If there’s a sector that’s hot in VC we tend to shy away from it and look for whatever is going to be hot next. When we look at our investments in quantum computing and semiconductor chips, they were done way before other VCs got interested in those topics.” — Hello Tomorrow interview 4

Hany Nada on founder-market fit: “Alignment of passion + product + market of an entrepreneur = Gold.” — Hello Tomorrow interview 4

Hany Nada on early-stage conviction: “If you come to me and say ‘Listen, I have my prototype in a customer’s hands, the customer likes it, there are some things that we need to continue to work on, but I believe this initial indication from customers gives us credibility and confidence that this is the right go-to-market strategy and product’ — that’s enough for me as an early stage investor to invest in.” — Hello Tomorrow interview 4

Scott Stanford on risk calibration: “We are early stage investors and by definition, we are taking more risk than a growth investor. However, we’ve been through this, our 10th fund, if you look at it collectively between Hany and my experience, we found this kind of place, this calibration point where we’re not investing in science projects.” — LA Venture Podcast 7

Scott Stanford on decision speed: “We need two partners to make a decision. So if two partners are advocating for an investment, the investment will get done.” and “We could have a term sheet out in the night if we needed to.” — LA Venture Podcast 7

Scott Stanford on disruption: “Everything we look for kind of has disruption at the core. We thrive on disruptive business models.” — LA Venture Podcast 7

Aike Ho on digital health venture outlook: “It’s going to be a world of hurt for the next couple of years.” and “The reality is that healthcare, unlike many industries in this country, has its own laws of physics of how things work.” — Fortune Brainstorm Health, April 2023 20

What Founders Say

Carolyn Witte, Co-founder and CEO, Tia: “The ACME team, especially Aike, has been a friend of Tia, following our company closely and always there to offer helpful counsel.” She added: “I work closely with Aike and Scott Stanford on strategic partnerships. I have particularly benefited from Aike and Stanford’s willingness to roll up their sleeves and help us navigate complex business decisions.” — Crunchbase blog interview 18

Jonathan Dyer, CEO, Muon Space: Dyer has credited ACME with providing operational support beyond capital, including regulatory guidance and customer connections 1.

No additional independently sourced founder testimonials found beyond the firm’s own website testimonials.

Sources

  1. ACME Capital website, homepage, accessed March 2026. https://www.acme.vc/↩↩↩↩↩↩

  2. Golden wiki, “ACME Capital,” accessed March 2026. https://golden.com/wiki/ACME_Capital-ZXY5ANE↩↩

  3. TechCrunch, “ACME Capital, run by Scott Stanford and Hany Nada, has $300 million more to invest in early startups,” February 2022, accessed March 2026. https://techcrunch.com/2022/02/04/acme-capital-run-by-scott-stanford-and-hany-nada-has-300-million-more-to-invest-in-early-startups/↩↩↩↩↩

  4. Hello Tomorrow, “Discover ACME | With Hany Nada, Co-founder & Partner,” accessed March 2026. https://hello-tomorrow.org/discover-acme-with-hany-nada-co-founder-partner/↩↩↩↩↩↩↩↩↩↩

  5. ACME Capital website, “Hany Nada” bio page, accessed March 2026. https://www.acme.vc/people/hany-nada/↩↩

  6. ACME Capital website, “Scott Stanford” bio page, accessed March 2026. https://www.acme.vc/people/scott-stanford/↩↩

  7. LA Venture Podcast (Ten One Ten / dot.la), “Scott Stanford — ACME,” accessed March 2026. https://www.tenoneten.com/podcast/scott-stanford-acme↩↩↩↩↩↩

  8. Tracxn, “ACME — 2025 Investor Profile, Portfolio, Team & Investment Trends,” accessed March 2026. https://tracxn.com/d/venture-capital/acme/__ZmdScNi4Bd56fcVNW0fFWhaF6YMA68OwZ4Ido575Rh8↩↩

  9. Crunchbase, “Christian Tang Jespersen — Partner @ ACME Capital,” accessed March 2026. https://www.crunchbase.com/person/christian-tang-jespersen↩

  10. SpaceNews, “True Anomaly raises $100 million to expand investments in space security technologies,” accessed March 2026. https://spacenews.com/true-anomaly-raises-100-million-to-expand-investments-in-space-security-technologies/↩↩

  11. Decagon, “Decagon raises $65m Series B led by Bain Capital Ventures,” accessed March 2026. https://decagon.ai/resources/series-b↩↩↩

  12. Crunchbase, “ACME Capital — Company Profile & Funding,” accessed March 2026. https://www.crunchbase.com/organization/acme-capital↩

  13. CNBC, “Rocket builder Astra to go public via SPAC at $2.1 billion valuation,” February 2021, accessed March 2026. https://www.cnbc.com/2021/02/02/rocket-startup-astra-to-go-public-astr-via-spac-at-2point1b-valuation.html↩

  14. MedCity News, “Portable diagnostics company Cue raises $200M in IPO,” September 2021, accessed March 2026. https://medcitynews.com/2021/09/portable-diagnostics-company-cue-raises-200m-in-ipo/↩

  15. ACME Capital website, “Highlighted Portfolio,” accessed March 2026. https://www.acme.vc/highlighted-portfolio↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩

  16. Muon Space, “Muon Space Secures $56M Series B Funding,” accessed March 2026. https://www.muonspace.com/press/muon-space-secures-56m-series-b-funding-surpasses-100m-in-customer-contracts-in-2024-including-landmark-agreement-with-snc↩

  17. Tracxn, “ACME — Top portfolio companies,” accessed March 2026. https://tracxn.com/d/venture-capital/acme/__ZmdScNi4Bd56fcVNW0fFWhaF6YMA68OwZ4Ido575Rh8/portfolio↩

  18. Crunchbase blog, “Female Founded + Funded: A Conversation with ACME Capital and Tia,” accessed March 2026. https://about.crunchbase.com/blog/female-founded-funded-a-conversation-with-acme-capital-and-tia↩↩

  19. BusinessWire, “Reshape Bio Raises $8 Million to Automate Experimental Tasks,” February 2023, accessed March 2026. https://www.businesswire.com/news/home/20230209005125/en/Reshape-Bio-Raises-$8-Million-to-Automate-Experimental-Tasks-and-Build-New-Infrastructure-for-Food-Agriculture-and-Microbial-Research↩

  20. Fortune, “Venture capital is in for a ‘world of hurt,’ says investor,” April 2023, accessed March 2026. https://fortune.com/2023/04/26/venture-capital-digital-healthcare-world-of-hurt-aike-ho-acme-fortune-brainstorm-health/↩↩

  21. The Next Web, “Norwegian defence startup Stendr raises $5.4M,” April 2026. https://thenextweb.com/news/stendr-5-4m-pre-seed-ai-counter-drone-defence↩

  22. BusinessWire, “True Anomaly Raises $650 Million Series D Financing to Accelerate Space Superiority at Scale,” April 28, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260428626943/en/True-Anomaly-Raises-$650-Million-Series-D-Financing-to-Accelerate-Space-Superiority-at-Scale↩

  23. BioSpace press release, “Conceivable Life Sciences Closes $18 Million Series A Financing to Advance Development and Commercialization of the World’s First AI-Powered Automated IVF Lab,” January 14, 2025, accessed June 2026. https://www.biospace.com/press-releases/conceivable-life-sciences-closes-18-million-series-a-financing-to-advance-development-and-commercialization-of-the-worlds-first-ai-powered-automated-ivf-lab — Primary source confirming $18M Series A close on January 14, 2025, led by ARTIS Ventures with new investors Atlantic Health Venture Studio, Muse Capital, and Scrub Capital; ACME Capital named as existing investor alongside Black Opal Ventures, Cadence Healthcare Ventures, Future Positive Capital, Stride.VC, and Time BioVentures. ↩

  24. PRNewswire, “Muon Space Secures $56M Series B Funding, Surpasses $100M in Customer Contracts in 2024 including Landmark Agreement with SNC,” August 5, 2024, accessed June 2026. https://www.prnewswire.com/news-releases/muon-space-secures-56m-series-b-funding-surpasses-100m-in-customer-contracts-in-2024-including-landmark-agreement-with-snc-302212700.html — Primary source confirming the Muon Space $56M Series B announcement on August 5, 2024, led by Activate Capital with new participant Acme Capital and existing investors Costanoa Ventures, Radical Ventures, and Congruent Ventures. ↩

  25. PRNewswire, “Plot Raises $10M to Scale Social Video Intelligence for Marketing Teams at Fortune 500 Brands,” June 2, 2026, accessed June 2026. https://www.prnewswire.com/news-releases/plot-raises-10m-to-scale-social-video-intelligence-for-marketing-teams-at-fortune-500-brands-302787693.html — Primary source confirming Plot’s $10M seed follow-on co-led by XYZ Venture Capital and Mischief Ventures, with participation from Seven Seven Six and Acme Capital. Also corroborated by Net Influencer (“Social Video Intelligence Startup Plot Raises $10M As Enterprise Demand Surges,” https://www.netinfluencer.com/social-video-intelligence-startup-plot-raises-10m-usd-as-enterprise-demand-surges/) and Adweek (“Pitch Deck: Ex-Apple Marketer Raises $10M to Scale AI Agents That Decode Social Video,” https://www.adweek.com/social-marketing/pitch-deck-ex-apple-marketer-raises-10m-to-scale-ai-agents-that-decode-social-video/). ↩

  26. Canopy press release, “Canopy Secures $22M Series B to Define the Standard for Connected Safety and Location Intelligence,” January 8, 2026, accessed June 2026. https://www.canopyworks.com/news/canopy-secures-22m-series-b-to-define-the-standard-for-connected-safety-and-location-intelligence — Primary source: $22M Series B co-led by 111° West Capital and ACME Capital with all existing investors participating. ↩

  27. FinSMEs, “Canopy Raises $22M in Series B Funding,” January 2026, accessed June 2026. https://www.finsmes.com/2026/01/canopy-raises-22m-in-series-b-funding.html↩

  28. Healthcare IT Today, “IMVARIA Announces Strategic Investments | Canopy Secures $22M Series B,” January 19, 2026, accessed June 2026. https://www.healthcareittoday.com/2026/01/19/imvaria-announces-strategic-investments-canopy-secures-22m-series-b/↩

  29. Crunchbase, “Series A - Partiful,” funding round profile, accessed June 2026. https://www.crunchbase.com/funding_round/partiful-series-a–c30faa2 — Primary source confirming $20M Series A announced November 8, 2022, led by Andreessen Horowitz with participation from Benchmark, Initialized Capital, ACME Capital, and Abstract Ventures. ↩↩

  30. Sacra, “Partiful valuation, funding & news,” accessed June 2026. https://sacra.com/c/partiful/ — Confirms $20M Series A1 in November 2022 led by Andreessen Horowitz at a $140M valuation; ACME Capital listed as prior seed backer alongside Abstract Ventures, Initialized Capital, and GV. ↩

  31. Wikipedia, “Partiful,” accessed June 2026. https://en.wikipedia.org/wiki/Partiful — Corroborates $20M Series A in 2022 led by Andreessen Horowitz. ↩

  32. EU-Startups, “Copenhagen-based Again raises €39.4 million to build full-scale decarbonisation plants,” July 17, 2024, accessed July 2026. https://www.eu-startups.com/2024/07/copenhagen-based-again-raises-e39-4-million-to-build-full-scale-decarbonisation-plants/ — Primary tier-1 EU tech press. Confirms Series A co-led by GV and HV Capital with ACME Capital, Kompas VC, EIFO, and Atlantic Labs participating. ↩

  33. Tech.eu, “Again raises $43M for turning CO₂ into chemicals,” July 17, 2024, accessed July 2026. https://tech.eu/2024/07/17/again-raises-43m-for-turning-co-into-chemicals/ — Independent European tech press confirmation of the $43M Series A syndicate including ACME Capital. ↩

  34. Fortune, “Exclusive: Google Ventures is backing a Danish startup ‘brewing’ CO2 that’s decarbonizing the future,” July 17, 2024, accessed July 2026. https://fortune.com/europe/2024/07/17/exclusive-google-ventures-danish-climate-tech-startup-brewing-co2-decarbonizing/ — Fortune exclusive confirming co-leads GV and HV Capital, $43M amount, and noting ACME Capital as a prior seed backer. ↩

  35. Construct Capital, “Investing in Sphere Semi: Reinventing Analog Chip Design for the AI Era,” September 22, 2025, accessed July 2026. https://www.constructcap.com/articles/investing-in-sphere-semi-reinventing-analog-chip-design-for-the-ai-era — Primary source (co-investor / prior lead). Confirms Sphere Semi came out of stealth on 2025-09-22 with $20M total: recent $12.5M co-led by ACME Capital and Future Ventures, plus $7.5M formation capital led by Construct Capital. Additional participants: Abstract, Village Global, Xfund, Generational Partners. Sphere’s chips are in production with Anduril. ↩

  36. Steven Glinert (Sphere Semi co-founder/CEO), LinkedIn post announcing $12M financing, accessed July 2026. https://www.linkedin.com/posts/steven-glinert-931a9314_big-news-at-sphere-semi-weve-raised-12m-activity-7376014516201066496-dbHy — Primary source (founder first-person). Confirms $12M Series A led by ACME Capital and co-led by Future Ventures, with Construct Capital, Abstract, Xfund, Generational Partners, and Village Global participating. ↩

  37. ACME Capital news page, “Sphere Semi closes 12M to make AI-designed chips the default,” accessed July 2026. https://www.acme.vc/news/ — Primary source (lead investor). Confirms ACME Capital led the $12M Sphere Semi round. ↩

  38. TechCrunch, “Harmattan AI raises $200M Series B led by Dassault Aviation, becomes defense unicorn,” January 12, 2026, accessed July 2026. https://techcrunch.com/2026/01/12/harmattan-ai-raises-200m-series-b-led-by-dassault-aviation-becomes-defense-unicorn/ — Confirms that Harmattan AI had previously raised $42M including a seed round led by Atlantic Labs and a Series A led by FirstMark Capital, with backers Motier Ventures and Sisyphus Ventures. ACME Capital is NOT named in primary press coverage. ↩

  39. ACME Capital, LinkedIn post “We backed Harmattan AI at Series A when the opportunity was still emerging at the intersection of physical AI, defense, aerospace, and a rapidly shifting geopolitical order” (posted ~September 2025), accessed July 2026. https://www.linkedin.com/posts/acme-vc_we-backed-harmattan-ai-at-series-a-when-the-activity-7416933185445347328-SRbx — Primary source (investor self-report). Only public source explicitly naming ACME Capital as a Harmattan AI Series A participant; specific check size and exact date not disclosed. ↩

  40. Nordic 9, “Harmattan AI raised a $30 million series A round led by FirstMark Capital,” March 2025, accessed July 2026. https://nordic9.com/news/harmattan-ai-raised-a-30-million-seed-round/ — Confirms $30M Series A led by FirstMark Capital in March 2025 (aggregator report — used only for date confirmation cross-reference). ↩

  41. a16z, “Investing in Camber,” February 26, 2025, accessed July 2026. https://a16z.com/announcement/investing-in-camber/ — Primary source (lead investor). Confirms a16z’s Series B lead in Camber on 2025-02-26. Describes a16z’s history: “first as an angel investor, then in leading their Series A, and now their Series B.” ↩

  42. Pulse 2, “Camber: $30 Million (Series B) Raised For Transforming Insurance Reimbursement In Healthcare,” February 26, 2025, accessed July 2026. https://pulse2.com/camber-30-million-series-b-raised-for-transforming-insurance-reimbursement-in-healthcare/ — Independent contemporaneous press. Confirms $30M Series B led by Andreessen Horowitz with participation from ACME, Craft, K Ventures, and Y Combinator; total funding to $50M. ↩

  43. Camber press release via BusinessWire, “Camber Announces $30M Series B Led by Andreessen Horowitz, bringing total funding to $50M, to Redefine Insurance Reimbursement in Healthcare,” February 26, 2025, accessed July 2026. https://www.businesswire.com/news/home/20250226192083/en/Camber-Announces-$30M-Series-B-Led-by-Andreessen-Horowitz-bringing-total-funding-to-$50M-to-Redefine-Insurance-Reimbursement-in-Healthcare — Primary source (company press release). Confirms $30M Series B on 2025-02-26 led by a16z with ACME Capital and Craft as named participants. ↩

  44. TechCrunch, “AI plushie Grok, voiced by Grimes, was trademarked before Elon Musk’s Grok,” December 15, 2023, accessed July 2026. https://techcrunch.com/2023/12/15/grimes-launches-ai-toy-brand-curio-grok/ — Primary launch coverage. Confirms Curio was launched December 2023 by Misha Sallee (CEO) and Sam Eaton (Co-Founder), with Grimes voicing the Grok character. ACME Capital is NOT named as an investor in this coverage — investor identification is via aggregators only. ↩

  45. PitchBook, “Curio (Entertainment Software) 2026 Company Profile: Valuation, Funding & Investors,” accessed July 2026. https://pitchbook.com/profiles/company/540000-19 — Aggregator source listing ACME Capital, Blue Wire Capital, Shine Capital, and AI Grant as investors with total raised ~$13.7M. Specific round dates/amounts for ACME’s participation are not publicly disclosed. ↩

  46. Y Combinator, “Invert: Data analytics software for biomanufacturing,” accessed July 2026. https://www.ycombinator.com/companies/invert — Primary source confirming Invert as YC W22 batch (founded 2021 in San Francisco, headquartered in Copenhagen; team of 25; Jared Friedman as primary partner). Does not disclose funding amounts or ACME participation. ↩

  47. SignalBase, “Invert Bioprocess Secures $20.1M Seed Funding to Revolutionize Bioprocess Data Transparency,” July 7, 2025, accessed July 2026. https://www.trysignalbase.com/news/funding/invert-bioprocess-secures-201m-seed-funding-to-revolutionize-bioprocess-data-transparency — Secondary announcement of Invert’s $20.1M seed round on 2025-07-07. Does not name lead investor or specific participants. ACME Capital is NOT named in this coverage. ACME’s investor attribution is via Tracxn / PitchBook / Crunchbase aggregators only, alongside Giant Ventures, Positive Sum, and Y Combinator. ↩

  48. Sifted (via Startup Universal aggregation), “Nordic early-stage startups to watch – according to investors,” June 7, 2024, accessed July 2026. https://sifted.eu/articles/nordic-startup-investor-watch — Secondary source disclosing IonLace (Stockholm) has “raised an undisclosed sum from San Francisco-based VC ACME” alongside 201 Ventures and Heartcore Capital. Founded 2023. No primary press release or specific round date/amount is publicly disclosed. This is the closest to a primary funding disclosure available and is not an ACME-authored source. ↩

  49. CB Insights, “IONLACE — Products, Competitors, Financials, Employees, Headquarters Locations,” accessed July 2026. https://www.cbinsights.com/company/ionlace — Aggregator confirming IonLace’s Seed VC funding stage (Alive) and investors ACME Capital, 201 Ventures, Heartcore Capital. Founded 2023, based in Stockholm, Sweden. No specific round date or amount publicly disclosed. ↩

  50. PR Newswire, “Arya Health Secures $18.2M Series A to Power the Next Generation of AI Agents for Post-Acute Care Administration,” October 29, 2025 (dateline NEW YORK, Oct. 29, 2025), accessed July 2026. https://www.prnewswire.com/news-releases/arya-health-secures-18-2m-series-a-to-power-the-next-generation-of-ai-agents-for-post-acute-care-administration-302597627.html — Primary source (company press release). Confirms $18.2M Series A led by ACME Capital with Ridge Ventures, Twelve Below, executives from OpenAI, and leading post-acute care providers participating; brings total raised to $25M. CEO/co-founder Kunal Sarda quote: “Post-acute care organizations spend roughly 25 cents of every dollar on non-clinical tasks.” ↩

  51. MobiHealthNews (Anthony Vecchione), “Arya Health lands $18.2M to expand post-acute platform,” October 30, 2025, accessed July 2026. https://www.mobihealthnews.com/news/arya-health-lands-182m-expand-post-acute-platform — Independent healthcare-IT press confirmation of $18.2M Series A led by ACME Capital with Ridge Ventures, Twelve Below, and OpenAI executives participating; total raised $25M. ↩

  52. HITConsultant, “Arya Health Secures $18.2M to Automate Post-Acute Care with AI Agent Teams,” October 29, 2025, accessed July 2026. https://hitconsultant.net/2025/10/29/arya-health-secures-18-2m-to-automate-post-acute-care-with-ai-agent-teams/ — Independent healthcare-IT press confirmation of $18.2M Series A led by ACME Capital with Ridge Ventures, Twelve Below, and OpenAI executives participating. ↩