Spider Capital

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Overview

Spider Capital is a seed-stage venture capital firm focused on investing in applied AI and enterprise cloud software companies across the U.S., Canada, Israel, and Europe. The firm is backed by institutional limited partners and led by experienced enterprise operators and investors involved in pioneering cloud software companies. It has made over 100 enterprise cloud investments, achieving notable exits including 5 IPOs and acquisitions exceeding $750M, with portfolio companies generating over $5B in aggregate revenue.

History

Spider Capital was formed in 2015 by Michael Neril, who spun out from Webb Investment Network (WIN), the early-stage investment vehicle he co-founded with Maynard Webb. The firm targets seed-stage investments in enterprise cloud and applied AI software, often leading or co-leading rounds. Key milestones include over 100 investments, a 70% seed-to-Series A graduation rate, and exits such as acquisitions by Google, Unity Technologies, and IPOs like AppLovin.

Notable Products

Portfolio Investments - Early-stage enterprise cloud and applied AI companies including AppLovin (IPO 2021), Firebase (acquired by Google 2014), and Cyble.
Seed-Stage Funds - Four closed funds focused on seed investments in enterprise software, with Spider leading or co-leading rounds.

Reputation

Spider Capital is regarded by founders and the VC community for its operator-led approach and high seed-to-Series A graduation rate of over 70%, drawing on 125 years of collective enterprise experience. Professionals note its track record with iconic exits and support from leading LPs. Some portfolio details highlight successful outcomes like multi-billion dollar enterprise values, though specific fund sizes remain undisclosed in public profiles.

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