Karman Ventures
Karman is a venture firm backing AI-native companies building in the world’s most critical industries. We invest as early as pre-seed and as late as pre-IPO, with a focus on being fast, flexible, and founder-friendly. Our LPs are founders, operators, and late-stage investors who have built and backed some of the most iconic companies of our generation. We bring that collective experience and network together with one goal: to put it to work for the founders we partner with. Per Crunchbase, Karman Ventures has made 276 investments, 2 as lead investor across 240 portfolio companies, with 23 exits including 3 IPOs.
Investing activity
Karman Ventures has made 276 investments according to Crunchbase across 240 portfolio companies, and has led 2 rounds and seen 23 exits, 3 of them by IPO.
Karman Ventures appears in 7 AI deals tracked by the Lounge deals desk, rounds totalling $46M, and led 1 of them. The rounds are mostly Seed and Pre-seed, with a median round size of $5M and the largest at $31M. The most recent are Photon (Seed, $4.5M, Oct 2026), Fambot (Pre-seed, $3.5M, Sep 2026) and Luel (Seed, $31.2M, May 2026).
Karman Ventures most often invests alongside Paul Graham, Z Fellows, Llama Ventures and HSG, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Karman Ventures
What AI companies has Karman Ventures invested in?
Karman Ventures's AI investments include Photon, Fambot, Luel, Rork, Anvil Robotics, Nyne.ai and Veria Labs. The 7 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Karman Ventures based?
Karman Ventures is based in Austin, Texas, United States.
What stage does Karman Ventures invest at?
In the rounds tracked on Lounge, Karman Ventures has invested at Seed and Pre-seed, with a median round of $5M. Karman Ventures led 1 of those rounds.
Who does Karman Ventures co-invest with?
Karman Ventures's most frequent co-investors on Lounge are Paul Graham (2 deals), Z Fellows (1 deal), Llama Ventures (1 deal), HSG (1 deal) and Gradient Ventures (1 deal).
How can founders reach Karman Ventures?
Founders on Lounge can see Karman Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Karman Ventures to their Investor Pipeline to track the conversation.