About Ritual Capital
Ritual Capital is a venture capital firm founded in 2023. It is primarily based out of San Francisco, United States. As of Feb 2025, Ritual Capital is an active investor, having invested in 43 companies, with 9 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it led the $3.3M Seed round of Cartage along with . This round also saw participation from Garage Capital and other investors.
Overall, Ritual Capital portfolio has seen 4 unicorns, 2 IPOs and 2 acquisitions including key companies like PagerDuty, ThredUP and Highspot. A lot of funds co-invest with Ritual Capital, with names like Pioneer Fund sharing a substantial percentage of its portfolio.
Ritual Capital has team of 2 people including 2 partners.
Key Metrics
Team Members
, &
Portfolio Count
, PagerDuty &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Ritual Capital's Year-on-Year Investment Trends
In 2024, it made 9 investments, while as of Feb 2025, it has made 3 investments in this year. Its most recent first time investment was in Sotira.

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Ritual Capital's Investments by Stage
Ritual Capital has made 11 investments in Seed stage with an average round size of $4.56M and 1 investment in Series A stage with an average round size of $9.8M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 11 |
Series A | 1 |
Ritual Capital's Investments by Sector
Ritual Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Consumer and Life Sciences. Notably, it has invested in 38 Tech companies, 33 Enterprise (B2B) companies, 29 Software companies and at least 19 companies focusing on Artificial intelligence.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 7 |
High Tech | 6 |
Artificial Intelligence - Industry Applications | 4 |
Consumer | 2 |
Life Sciences | 2 |
Others | 11 |
Ritual Capital's Investments by Geography
Ritual Capital has made most investments in United States (11), followed by Canada where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 11 |
Canada | 1 |
Ritual Capital's recent investments
Here are the most recent investments by Ritual Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Feb 04, 2025 | United States | Seed | $2M | [+2] | |
Jan 30, 2025 | United States | Seed | $6.88M | Soma Capital [+11] | |
Jan 07, 2025 | United States | Seed | $4M | Gradient Ventures [+7] | |
Oct 10, 2024 | Canada | Seed | $3.3M | [+8] | |
Jul 10, 2024 | United States | Seed | $3.5M | [+9] |
Unicorns in Ritual Capital's Portfolio
Here is a list of unicorns in Ritual Capital's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
71 | Cloud-based suite solutions for performance management | 2015 | San Francisco | Series F | thluxmx | ||
79 | Provider of a sales engagement platform | 2012 | Seattle | Series F | bcangnr | ||
71 | Cloud based API management and microservices connectivity platform | 2009 | San Francisco | Series E | jqvtwde | ||
76 | Cloud-based platform offering freight forwarding and supply chain services | 2013 | San Francisco | Series E | mbznskp |
IPOs and Publicly Listed companies in Ritual Capital's Portfolio
Here are Ritual Capital's portfolio companies that went public:
Acquired companies in Ritual Capital's Portfolio
Here are Ritual Capital's portfolio companies that got acquired most recently:
Team profile of Ritual Capital
Ritual Capital has a team of 2 membersÌýincluding 2 PartnersÌýlocated in United States. Ritual Capital's team does not sit on the board of any company as of now.Co-investors of Ritual Capital
Over the past year, 82 investors have co-invested in Ritual Capital's portfolio companies.
- Invested before Ritual Capital:Ìý and Techstars have invested in rounds before Ritual Capital. There are 4 companies where Y Combinator has invested before Ritual Capital and 1 company where Techstars has invested before Ritual Capital.
- Top Co-investors of Ritual Capital:Ìý80 investors entered a company along with Ritual Capital. These include investors like Pioneer Fund (3 companies).

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