Assisted fundraising

Log in  |  Sign up

  • Home
  • Guides
  • Assets
  • Investors
    • VC funds
    • Tailored lists
    • Favorites
  • Academy
  • Privacy policy
    • Terms of Use
    • Privacy Policy
  • Help center
  • Return to waveup.com

Fund profile

Picks & Shovels

Picks & Shovels

United States

Not leading

About

Picks and Shovels is a venture capital firm based in Santa Monica, California, founded in 2022 by Josh Schlisserman. The firm focuses on investing in pre-seed and seed stage startups that develop tools and infrastructure for other businesses, particularly those involved in fintech and cryptocurrency sectors. This "picks and shovels" investment strategy is analogous to selling shovels during a gold rush, focusing on essential support and infrastructure rather than the end products themselves​. Picks and Shovels invests in companies such as Assistiv Labs, Blip Labs Technologies, and Openlytics, which provide services ranging from accessibility tools to fintech solutions and data analytics platforms​​. The firm typically writes checks ranging from $1 million to $2.1 million for seed rounds, aiming to empower foundational technology startups that can support broader market growth.

Details

Average check

$500K-$1M
$1M-$3M
$3M-$10M
$0-$100K

Round

Pre-Seed
Seed
Venture Round

Previous Investments

Fintech & Financial services
Legal & Professional services
Security & Privacy
Software & Apps
Web 3,0
Web 3.0

Highlights

$4.4M

Historical average check

$20M

Historical max check

October 2024

Last investment date

8

Investments

Fintech & Financial services

Security & Privacy

Software & Apps

Web 3.0

Legal & Professional services

Showing 0 lists

Filter by

Sort by

Contacts

Website

picksandshovelsvc.com

Social

Lists that include this fund