UP2398

UP2398 is an early-stage venture capital firm based in Redwood City, California, established in 2015 by Alexander Poon, Randy Ching, and Pierre Omidyar. Specializing in pre-Series A investments, the firm focuses on high-growth sectors including artificial intelligence, blockchain, SaaS, and high-tech industries. The firm has a diverse portfolio of 34 investments, including standout companies such as Standard Fleet, MakerDojo, and Slapdash. UP2398 often targets companies that leverage technology to disrupt traditional sectors, from automotive software and AI-driven analytics to consumer technologies and e-commerce platforms. UP2398’s strategy involves providing early-stage capital and hands-on support to foster innovation and help startups scale rapidly. The firm co-invests with leading venture capital firms like SV Angel, Soma Capital, and Intel Capital, emphasizing a collaborative approach to venture investing. In addition to its focus on cutting-edge technology, UP2398 has supported companies in industries such as renewable energy, IoT, and machine learning, helping them navigate early growth stages and achieve successful exits. The firm has successfully guided multiple companies to acquisition or scaling, with notable exits including Convex and INDUS.AI. With its team’s deep experience in entrepreneurship and venture capital, UP2398 continues to identify and support companies that are transforming their industries. By focusing on sectors with high innovation potential, UP2398 remains a prominent player in the early-stage investment landscape, helping to fuel the next wave of technological breakthroughs.