Trammell Venture Partners

Trammell Venture Partners (TVP) is an Austin, Texas-based venture capital firm that invests in highly technical seed- and early-stage startups, with a thesis centered on Bitcoin-native technologies, applied artificial intelligence, and security and privacy. Founded in 2016, TVP emerged from Trammell Ventures, an Austin investment and incubation firm established in 2011 by CEO Dustin D. Trammell and COO Christina Johnson-Sullivan to manage Dustin's product incubation projects, events production and external venture investments, and it is willing to lead. TVP's first fund, which closed in 2019, focused on information and cyber security, blockchain technology and machine intelligence. Its second fund, Bitcoin Venture Fund I, closed in 2022 and is described as the venture capital industry's first fund dedicated exclusively to investing in Bitcoin infrastructure and Bitcoin-native companies. Since 2020 the firm has concentrated on backing founders building foundational infrastructure and applications on the Bitcoin protocol stack and the Lightning Network, what it calls internet-native money, through a dedicated Bitcoin-native mandated VC fund series. TVP has built a portfolio of roughly 12 companies across approximately 16 investments, with notable holdings including Wavlake, Voltage, Unchained Capital, Fedi and Vida, an AI phone-agent operating system that raised a Series A in September 2025. The firm employs a high-thesis, technically rigorous approach to identifying and partnering with founders in its core domains. By pioneering a Bitcoin-native fund mandate alongside applied-AI and security investments, Trammell Venture Partners backs technical founders building the infrastructure of internet-native money.