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§ Venture Capital · San Francisco, CA, USA
Micro venture capital firm investing in pre-seed and seed-stage technology startups, providing early funding for daring founders globally.
Foreword Fund is a San Francisco-based early-stage micro venture capital firm that invests in pre-seed and seed-stage technology startups across the United States and Europe. Operating under a solo general partner structure, the firm typically acts as the first institutional capital in a round, writing initial checks ranging from $100,000 to $250,000. The fund partners with approximately ten new companies annually to help shape their early funding rounds and operational strategies. To date, the firm has completed 38 total investments, providing its portfolio with direct access to an advisory network of over 200 experienced founders and operators. Foreword Fund acts as a partner fund with Seedcamp and has recently backed portfolio companies including Desia, Vance, and Nodal Networks during their 2024 funding cycles. The venture capital firm was founded by solo general partner Declan Kelly.
Key people at Foreword Fund.
Foreword Fund was founded in 2021 by Declan Kelly (Founder).
Key people at Foreword Fund.
Foreword is an early-stage micro fund based in San Francisco, California, dedicated to backing startups throughout their initial chapters. The firm’s mission centers on identifying and supporting founders at the earliest stages of company building, providing not just capital but also strategic guidance and access to networks. Foreword’s investment philosophy emphasizes conviction in founders and their vision, with a focus on startups that are solving meaningful problems and demonstrating early traction. While sector-agnostic, the fund gravitates toward innovative technology-driven ventures, particularly those leveraging emerging trends in AI, infrastructure, and consumer tech. By investing in startups at the pre-seed and seed stages, Foreword plays a pivotal role in shaping the next generation of startups, helping them navigate the critical early phases of growth and development.
Founded in 2022, Foreword emerged during a period of rapid innovation and increased accessibility for early-stage founders. The fund was established by a team of experienced investors and operators who recognized a gap in the market for a micro fund that could move quickly, provide hands-on support, and back founders with bold ideas before they gained widespread attention. The founding partners brought deep experience from both venture capital and startup operations, having worked with companies across various stages and industries. Over time, Foreword has evolved its focus to prioritize founders who are building with emerging technologies—especially AI—and who are demonstrating resilience and creativity in challenging macroeconomic environments. The fund’s early investments have included startups in AI, fintech, and infrastructure, reflecting its commitment to backing founders who are shaping the future of technology.
Foreword is riding the wave of democratized startup creation, fueled by advances in AI, cloud infrastructure, and remote collaboration. The timing is critical: as the cost of building and launching startups continues to fall, more founders are able to pursue ambitious ideas with less initial capital. Foreword’s focus on early-stage, technology-driven startups positions it at the forefront of this trend, helping to fuel innovation across sectors. The fund’s investments in AI and infrastructure reflect broader market forces, including the growing importance of automation, data-driven decision-making, and scalable platforms. By supporting founders at the earliest stages, Foreword is helping to shape the ecosystem, enabling a new wave of startups to emerge and thrive in a rapidly evolving tech landscape.
Looking ahead, Foreword is well-positioned to continue its momentum as the startup ecosystem becomes increasingly competitive and technology-driven. The fund’s focus on early-stage, founder-led companies—especially those leveraging AI and other emerging technologies—will likely remain a key differentiator. As the pace of innovation accelerates, Foreword’s ability to move quickly and provide hands-on support will be increasingly valuable. The fund’s influence is likely to grow, not just through its portfolio companies but also through its role in shaping the next generation of founders and startups. In a world where the next big thing often starts with a bold idea and a small team, Foreword is proving that the right support at the right time can make all the difference.
Foreword Fund has 4 tracked investments across 4 companies. The latest tracked deal is $7.5M Seed in BottleCap AI in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 29, 2026 | BottleCap AI | $7.5M Seed | The Twenty Minute VC, 20VC | 20Growth, Akin Babayigit, Andreas De Neve, Anton Osika, Cliff Obrecht, David Singleton, Des Traynor, Eléonore Crespo, Ilkka Paananen, Inception Fund, Ivo Lukacovic, Jeroen Van Hautte, Kieran Flanagan, Mika Vormoo, Nico Rosberg, Olivier Pomel, Pebblebed, Rockaway Ventures, Romain Niccoli, Sheila Gulati, Shiv Rao, Steffen Tjerrild, Thomas Wolf, Xavier Niel |
| Jul 1, 2025 | Peec AI | $6.0M Seed | Kieran Hill | Antler, Nauta Capital, Peak, Jean Charles Samuelian, Konstantin Othmer, Mario Götze, Patrick Andrae, Combination VC, Foreword VC, Identity Ventures, S20 Fund |
| Mar 12, 2024 | Lumen Orbit | $2.4M Pre-Seed | — | Caffeinated Capital, Everywhere Ventures, Foreword VC, Nebular, Pareto Holdings, Plug and Play Ventures, Sequoia Capital, Sterling Road, Tiny VC |
| Nov 1, 2022 | Surfboard | $5.0M Seed | — | AAF Management Ltd., Ada Ventures, American Express Ventures, Anamcara Capital, Angel Invest, Atomico, Broadhaven Capital Partners, Cherry Ventures, DN Capital, DST Global, Expert Dojo, Aniq Kassam, Felix Capital, Foundation Capital, Gaingels, gener8tor, Global Ventures, Gold House Ventures, Heroic Ventures, Idealab, Khosla Ventures, Lakestar, LGF, Next Level Ventures, Pareto Holdings, Piton Capital, Plug & Play Ventures, Point Nine Capital, Project A Ventures, Resurge Growth Partners, Ribbit Capital, Saltagen Ventures, Seedcamp, Singular, SoftBank Investment Advisers, Speedinvest, Team Ignite Ventures, Tet Ventures, Upload Ventures, Y Combinator, Akhil Paul, Alison Engel, Amit Gudka, Benedikt Franke, Chris Murphy, Eric Quidenus-Wahlforss, Felix Jahn, Fredrik Jung Abbou, Jonathan Lenson, Jose Gaztelu, Julius Köhler, Kunal Shah, Lea- Sophie Cramer, Mandeep Singh, Marc McCabe, Mario Götze, Mato Peric, Michael Pennington, Paul Forster, Rand Hindi, Richard Fearn, Stan Massueras, Tim Sadler, Verena Pausder, Alex Hersham, David Nothacker, Edward Bishop, Jag Singh, Nicolaus Schefenacker, Tim Sadler, Fly Ventures, Foreword VC, Nomad Capital, Tokyo Black |