Dace Ventures

Dace Ventures is an early-stage venture capital firm headquartered in Lexington, Massachusetts, founded in 2006 by David Andonian, who serves as Founder and Managing Partner. The firm manages over $70 million across its funds and focuses on passionate entrepreneurs building great teams, products, and business models to capitalize on transformational forces in new media, consumer marketing, and mobile services. Andonian and his team of experienced former entrepreneurs engage actively with portfolio companies at key inflection points of growth, contributing both capital and operational judgment. Dace leads rounds and invests $1 million to $10 million at seed and Series A stages, with 31 investments spanning advertising technology, media and entertainment, software, e-commerce, and data analytics. Portfolio companies include EveryScape in visual media, YieldMo in programmatic advertising, and Cartera Commerce in loyalty and rewards — all representative of the firm's focus on next-wave consumer and marketing technology platforms that attract and retain digital audiences at scale. The firm's approach centers on backing companies with compelling innovation, first-mover advantages, and the team capacity to execute. Dace looks for opportunities to add genuine value at growth inflection points rather than simply providing passive capital, which means the firm prioritizes founders who welcome strategic engagement and can leverage the network and experience the partnership brings to commercialization and scale challenges.