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Moraga, California

Pre-seed.Twenty-five a year.

We write twenty-five pre-seed cheques a year into enterprise software, we decide in two weeks, and we do not take a board seat before there is a board.

The terms

Cheque
$250k–$1.5M
Position
First money, no board seat
Decision
Two weeks

The record

Founded
2018
Companies
170
Under management
$240M
Median decision
11 days

Moraga, California

At pre-seed, a slow no costs the founder more than the money would have been worth.

Two weeks, start to finish, and a real answer either way. Founders raising their first round cannot afford a two-month process run by people who were never going to invest.

We take no board seat and no control terms at this stage. There is nothing to govern yet, and the paperwork costs a young company weeks it does not have.

There is nothing to govern at pre-seed. We do not pretend otherwise.
Established 2018

Before we start

  1. 01

    Software sold to businesses

    A buyer with a budget line. Consumer is a different craft and not ours.

  2. 02

    Something running

    A prototype, a pilot, a script that works. Not a deck about one.

  3. 03

    Two weeks of your time

    Three conversations and a decision. We will not string you along.

Eleven days, median

Our published process, and the point in it where you can stop us. Nobody has ever waited on a Moraga answer for more than a fortnight.

  1. Day 1

    One partner

    Forty minutes. What you are building and who has to buy it.

  2. Day 4

    Two partners

    The product, running. We would rather use it than hear about it.

  3. Day 8

    Your customer

    One reference call, arranged by you, with someone who pays.

  4. Day 11

    Everyone

    Yes with terms attached, or no with the reason attached.

People

Twenty-five people, and the person you meet is the person who does the work.

Headcount
25
Offices
2

Anna Harrington

Managing Partner

Ashley Ellsworth

Managing Partner

Christine Vance

General Partner

David Harrington

General Partner

Dennis Yardley

General Partner

Douglas Sherwood

Partner

Edward Thistlewood

Partner

Gary Jamison

Partner

Mary Kingsley

Principal

Melissa Vance

Principal

Rebecca Radcliffe

Principal

Sharon Middleton

Investor

Susan Dashwood

Investor

Miriam Sheffield

Investor

Walter Comstock

Investor

Beatrice Norcross

Head of Platform

Roger Whitcomb

Head of Talent

Eleanor Halloway

Head of Research

Malcolm Sedgwick

Chief Financial Officer

Adele Chadwick

General Counsel

Theodore Merriweather

Director of Data

Sylvia Wadsworth

Director of Communications

Desmond Garrick

Investor Relations

Roland Carrington

Head of Operations

Vivian Larkin

Portfolio Controller

Open role

We are hiring an investor, in Moraga.

Three years shipping or selling enterprise software, and the discipline to say no quickly and kindly.

Write to us

Contact

Send the deck. Three conversations, then a real answer, inside two weeks.

hello@moragaventures.com

Named for the valley the first fund was raised in.