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Alpaca VC

New York, New York · Invests in US; Global; North America · Website

Pre-SeedSeedSeries ASeries BE-commerce & MarketplacesB2B SaaSAI & Machine LearningDeveloper ToolsReal Estate & ProptechClimate & EnergyReal Estate & PropTechLogistics & Supply ChainClimate & Clean EnergyEnterprise SoftwareManufacturing & Industrial

Thesis

We invest in technology companies that reshape foundational industries – real estate, commerce, manufacturing, energy, logistics, and agriculture. Founded by entrepreneurs for entrepreneurs, we bring operational guidance, strategic insights from proprietary Field Studies research, and downstream capital access. We believe the startup journey is better together, providing hands-on support to exceptional founders building enduring companies.

Likely not a fit for

We avoid consumer-only plays without structural advantages. Not interested in teams lacking operational discipline or founders unwilling to take guidance. We pass on shallow technologies, commodity businesses, and founders primarily motivated by quick exits.

How they invest

Lead or follow
Leads or follows
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Advisor
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

7 contacts on file

RF

Ryan Freedman

General PartnerGeneral Partner · Primary contact

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a•••@al•••.vc

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JJ

Josh Jagota

PrincipalPrincipal

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j•••@al•••.vc

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AP

Aubrie Pagano

General PartnerGeneral Partner

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a•••@gm•••.com

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DG

David Goldberg

General PartnerGeneral Partner

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DF

Daniel Fetner

General PartnerGeneral Partner

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d•••@gm•••.com

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RU

Ray Updyke

Platform & OpsSenior VP Operations & Finance

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LS

Lorraine Sanders

Head of Content

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Portfolio

CompassProptech Real Estate

Compass is building the first modern real estate platform, pairing the industry’s top talent with technology to make the search and sell experience intelligent and seamless.

CREXiProptech Real Estate

Crexi is a commercial real estate platform known for its advanced technology and data services, helping users close over $615 billion in transactions.

LatchBiotech Life Sciences

LatchBio partners with leading biotech solution providers building a new class of molecular measurement technologies, accelerating data analysis for R&D teams in the biotech sector.

PointFintech Payments

Point is transforming the lives of homeowners and home buyers by building a full-stack home equity platform that allows homeowners to unlock cash from their home equity through Home Equity Investments (HEI) and Home Equity Lines of Credit (HELOC).

PrevuEcommerce Marketplaces

Prevu is a real estate platform that offers cash back to home buyers, providing a more cost-effective alternative to traditional real estate brokers.

BonusProptech Real Estate

Bonus Homes offers homeowners a unique way to unlock their home equity while retaining the potential for future appreciation through their Home Appreciation Partnership (HAP) model. This allows homeowners to convert their homes into rental properties while still benefiting from the home's value growth.

HouseCanaryProptech Real Estate

A valuation-focused real estate brokerage, HouseCanary provides software and services to reshape the real estate marketplace. Financial institutions, investors, lenders, mortgage investors, and consumers turn to HouseCanary for industry-leading valuations, forecasts, and transaction-support tools.

TransfixLogistics Supply Chain

Transfix is a leading innovator in freight technology and a provider of next-generation logistics software solutions. Their platform transforms traditional freight operations through AI and automation, helping brokers and 3PLs optimize pricing and manage shipments efficiently.

Packdigital.ComEcommerce Marketplaces

Pack is a digital experience platform built for ecommerce teams that combines the flexibility of React with the ease-of-use of a theme, specifically designed for Shopify.

ToolbxEnterprise Software

Toolbx is a digital experience platform designed for independent building suppliers, enabling them to sell online, manage quotes, accept payments, and service their contractors—all in one platform.

ChicoryMarketing Adtech

Chicory is the leading contextual advertising platform for CPG and grocery, engaging consumers during food-related decision-making processes such as recipe lookup and meal planning.

ClassPassConsumer Apps Social

ClassPass is revolutionizing the fitness and wellness industry by bringing together the world’s best classes and experiences into one app. Our mission? To motivate people to live inspired lives every day by introducing and seamlessly connecting them to soul-nurturing experiences.

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Research briefRead more
Alpaca VC Research Alpaca VC is a founder-focused venture capital firm specializing in the intersection of the physical and digital worlds. Founded in 2012 by former entrepreneurs who deeply understand the startup journey, Alpaca backs technology companies that reshape foundational industries: real estate, commerce, manufacturing, energy, logistics, and agriculture. Investment Thesis & Vision Thei

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