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Fund profile

Necessary Ventures

Necessary Ventures

San Francisco, United States

Leading

About

Necessary Ventures is a San Francisco-based venture capital firm focused on investing in early-stage companies that address significant societal needs. The firm is led by Neil Devani, who brings extensive experience in both venture capital and entrepreneurship. Necessary Ventures primarily invests in companies across a range of sectors including health tech, financial services, biotechnology, and sustainability. Notable investments in their portfolio include Recursion Pharmaceuticals, a company revolutionizing drug discovery through advanced computational methods; Rubi Laboratories, which converts CO2 into sustainable textiles; and Andela, a tech talent training and employment platform. Additionally, they have backed Vicarious Surgical, which develops minimally invasive robotic surgery technology, and Wayve, an AI-driven autonomous vehicle company. The firm is known for its hands-on approach, providing not just capital but also strategic guidance and support to help their portfolio companies scale and succeed. They emphasize a collaborative and empathetic partnership with founders, aiming to create long-term value and impact. Necessary Ventures has a strong presence in both the U.S. and international markets, with investments in various high-growth regions. They have co-invested with leading venture funds such as Y Combinator, Collaborative Fund, and Talis Capital, highlighting their integration into a robust network of investors.

Details

Average check

$100K-$500K

Round

Seed
Series A
Series B
Series C+
Pre-Seed

Previous Investments

Agritech & Farming
AI & Deep Tech
Biotech
CleanTech & Sustainability
Consumer Goods & Electronics
Data & Analytics
E-commerce & Retail
Education
Energy & Utilities
Fashion & Apparel
Fintech & Financial services
Hardware. Robotics & IoT
Healthtech & Wellness
HR & Recruitment
Legal & Professional services
N/A
Pharma
Security & Privacy
Social media
Software & Apps
Transportation & Mobility

Geo focus

USA

Highlights

$3.5M

Historical average check

$50M

Historical max check

October 2024

Last investment date

36

Investments

Energy & Utilities

Fintech & Financial services

AI & Deep Tech

Software & Apps

Transportation & Mobility

Natural Resources

Pharma

Other

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Contacts

Website

necessary.vc

Email

hello@necessary.vc

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