Indie.vc

Indie.vc is an alternative venture capital firm founded in 2015 by Bryce Roberts, based in Salt Lake City, Utah. Roberts began his venture career in 2001 and in 2005 co-founded OATV, one of the first institutional seed funds, alongside Tim O'Reilly and Mark Jacobsen. OATV was an early backer of Figma, Fastly, Foursquare, Planet, and Devoted Health. Indie was first incubated inside OATV as an experiment within OATV's $85 million third fund before becoming a stand-alone vehicle. INDIE Fund I officially closed and began actively investing in January 2024. The firm leads rounds and makes checks ranging from $100,000 to $1 million, with a portfolio of approximately 21 companies spanning software, healthcare, and hardware. Notable investments include Linear, the software development tool that raised a Series C in June 2025, Nice Healthcare, and Dreadnode. The firm rejects the growth-at-all-costs model that characterized the low-interest-rate era, instead backing founders focused on building profitable, fundamentally sound businesses. On average, portfolio companies have increased revenues 100% within 12 months and 300% within 24 months, with lower mortality rates than typical venture portfolios. Indie.vc aims to be the last round of funding a founder needs to raise, giving them maximum leverage in future financing or acquisition conversations. Returns to founders are structured as distributions from operating cashflow over time rather than requiring a single large exit event. This approach places Indie.vc outside the conventional VC model, appealing to builders who want to grow responsibly, retain ownership, and build businesses with durable economics rather than chasing valuation milestones.