OVO Fund

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Overview

OVO Fund is a venture capital firm founded in 2013 or 2014, headquartered in Palo Alto, California, that specializes in pre-seed and seed-stage investments in technology startups, particularly in applied AI, enterprise tech, fintech, and digital health.¹²⁴⁵ The firm invests in early-stage companies with check sizes typically between $250,000 and $500,000, maintaining a portfolio of over 90 startups including Palantir, Wish, and Signifyd, and is currently deploying its second $35 million fund.¹⁵ It focuses on Bay Area and Los Angeles-based founders building capital-efficient businesses.²

History

OVO Fund was established in 2013 or 2014 by Eric Chen, with partners including Gianfranco Filice.¹²⁵ The firm has managed at least three closed funds, including one in July 2019, and invests out of its second $35 million fund as of recent activity.¹⁵ Key milestones include building a portfolio of over 90 technology startups with investments continuing as late as January 2025, such as in Suma Wealth and Clayful.¹

Reputation

OVO Fund is recognized by industry profiles as a leading early-stage investor with a track record in high-profile exits like Palantir.¹ Professionals note its focus on 'scary early-stage' startups and value-added support through experienced networks.¹³ No specific criticisms are detailed in available sources, though its niche pre-seed emphasis limits broader market presence.²⁴

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