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Warm Fund

Capitalize VC

www.capitalizevc.com · Chicago, Illinois

“Emerging tech and AI are changing the commerce landscape. We power the future of commerce by investing in cutting-edge enablement technologies that support retailers, brands, creators, and manufacturers serving Black and Latinx founders and consumers.”

$100K – $200K
Check Size
Leads
Lead Tendency
~1 Month
Timeline
01Investment Thesis

We pair platform investments with CPG investments with explicit racial equity mandate.

Exclusion Criteria

Ventures not serving racial equity mandate, non-commerce tech, teams without connection to underrepresented communities

02Investment Team
TF
Tessa Flippin
Managing Partner & Founder
VS
Vanessa Stephens
Principal
SS
Simmone Seymour
Associate
03F4 Research Brief

Capitalize VC: Commerce-Enablement Tech with Racial and Gender Equity Mandate

Investment Thesis

Capitalize VC is a Black-founded, woman-led venture capital fund investing exclusively in commerce-enablement technology companies serving Black and Latinx founders and consumers. The fund was founded in 2021 with an explicit racial equity mandate, pairing platform and CPG investments while recognizing that emerging tech and AI are fundamentally changing the commerce landscape.

The firm believes in powering the future of commerce by investing in cutting-edge enablement technologies that support retailers, brands, creators, and manufacturers—particularly those serving underrepresented communities. They focus on solving critical problems across data collection, payments infrastructure, marketing, and operational efficiency.

Sector Focus

Capitalize VC invests across multiple commerce enablement subsectors:

Data & Intelligence: Zero and first-party data collection platforms that unlock retailer and brand intelligence Fintech & Payments: Embedded fintech and financial tools making payments more seamless Marketing Technology: Solutions helping brands attract customers in authentic ways Operations & Sales Tech: Tools creating operational efficiencies that drive revenue or savings Consumer Brands: CPG brands and consumer products serving Black and Latinx consumers

Stage Focus and Investment Criteria

The fund focuses on two primary investment types:

Technology Companies:

  • Pre-seed and seed stage
  • Valuation cap under $10M
  • Post minimum viable product
  • Total addressable market of $1B+

Consumer Brands/CPG:

  • Annual revenue of $250K-$3M
  • Product in market for 1+ year
  • Total addressable market of $500M+
  • Open to all fast-moving consumer goods categories

Check Size

  • Pre-seed technology: $100K-$200K
  • Seed stage: up to higher levels based on traction
  • Consumer brands: $100K-$200K range
  • Fund deployments total approximately $790K across 5 new investments in 2025

Lead Tendency

Capitalize VC demonstrates a lead tendency, particularly in pre-seed deals. They led their Series Seed investment in Omega 3 Nutrition in May 2025 and actively structure deals alongside co-investors in their network.

Fund Status and Recent Activity

Fund Status: Actively Deploying

  • 2025 was an exceptional year with 5 new investments and $790K capital deployed
  • As of January 2026, the fund has made 23 total investments across 20 portfolio companies
  • Fund was founded in 2021 with initial $10M target
  • Fund is in healthy deployment phase with consistent deal flow

Recent Investments (2025):

  • Omega 3 Nutrition (May 2025) - Series Seed lead investment
  • Fanfare.io - Creator commerce platform
  • Atronous.ai - AI-powered logistics and intelligence
  • Multiple pre-seed investments throughout year

Portfolio Highlights

Capitalize VC has built a diverse commerce enablement portfolio with 20 active companies including:

Technology Platforms: Airpals (logistics), Bump (retail tech), Gildform (design), Fanfare (creator commerce), Digiphy (digital marketing), Noise (retail analytics), Rivet (operational software), Talawa.ai (AI logistics), Symphonie (supply chain AI), Warrant (retail intelligence), RX-Post (health logistics), Atronous.ai (AI infrastructure), Vow (consumer engagement), Gudea.ai (commerce AI)

Consumer Brands: Kribi Coffee (premium coffee), Hanahana Beauty (beauty products), Waitify (hospitality platform)

Team

Tessa Flippin - Managing Partner & Founder, led fund launch in 2021, prior experience at TechNexus and Genius investing in early-stage companies

Vanessa Stepheps - Principal, focuses on sourcing and evaluation of technology investments

Simmone Seymour - Associate, supports deal sourcing and portfolio operations

Decision Process

Partnership with collaborative decision-making. Tessa Flippin leads investment decisions with input from principals and partners. Investment decisions involve the team's collective expertise in commerce tech and understanding of underrepresented founder ecosystems.

Founder Preferences

Capitalize VC explicitly prioritizes Black and Latinx founders and entrepreneurs, teams building for underrepresented communities, diverse founding teams with authentic understanding of target markets, and founders committed to innovation and inclusivity.

Geographic Focus

Headquartered in Chicago, Illinois with national sourcing networks for diverse founders. Primary focus on companies serving US commerce market with secondary interest in multicultural customer bases.

Notable Recognition

Signatory to "All for One" open letter (70+ venture funds) supporting racial equity in venture capital. Recognized by Business Insider as one of 50 Black investors changing the VC industry. Supported by Bank of America. Featured in Chicago Inno's Fire Awards. Part of Midwest impact investing movement.

Anti-Thesis

Capitalize VC avoids ventures not serving their racial equity mandate, non-commerce tech outside their thesis, teams without genuine connection to underrepresented communities, and ventures with primarily white male founding teams outside their specific commerce focus.

Warm Introduction Preference

Moderate warm introduction preference. Accepts both referrals from existing portfolio, co-investors, trusted ecosystem partners, and direct pitches via Airtable form.

04Selected Portfolio
Consumer Apps & Social
Popcall
E-commerce & Marketplaces
Gildform·Hanahana Beauty·Symphonie
Enterprise Software
Fanfare·Rivet·Talawa.ai·RxPost·Atronous.ai·Gudea.ai·Waitify·Vow·Podonos
Fintech & Payments
Bump·Rivalz
Food & Beverage
Omega 3 Nutrition·Kribi Coffee
Logistics & Supply Chain
Airpals
Marketing & Adtech
Noise·Warrant
Other
Digiphy
Open the full portfolio→
05Recent Updates

Fresh signals from public announcements, essays, and portfolio activity.

See full activity (6) →
Invested in Rivalz, an AI-powered healthy snack company applying AI to food extrusion for high-protein, low-glycemic snacks. Rivalz is present in 1,882 retail doors including Sprouts, Meijer, Wegmans.
INVESTMENT·capitalizevc.com
JUN 19, 2026
Invested in Popcall, infrastructure for real-time creator monetization.
INVESTMENT·capitalizevc.com
MAY 2026
Simmone Seymour joined Capitalize VC as an investor to lead commerce-enablement technology investing alongside Tessa Flippin and Vanessa Stephens.
TEAM CHANGE·linkedin.com
JAN 16, 2026
Invested in Vow's seed round for AI-powered event planning and live experience management.
INVESTMENT·sportsbusinessjournal.com
AUG 7, 2025
Invested in Warrant's seed round for marketing compliance automation in financial services.
INVESTMENT·tracxn.com
APR 9, 2025
06Frequent co-investors
MS
Morgan Stanley Inclusive & Sustainable Ventures
Both backed 3 of the same companies
Rivet, Airpals, Bump
FV
Forum Ventures
Both backed 2 of the same companies
Waitify, Symphonie
SV
Serac Ventures
Both backed 2 of the same companies
Podonos, Bump
SC
Sixty8 Capital
Both backed 2 of the same companies
Podonos, Bump
Find the investors for your round→
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Quick Reference
Check Size
$100K – $200K
Stages
Pre-Seed · Seed
Decision
Partnership · ~1 Month
Warm Intro
Not Required
Involvement
Board Seat
Location
Chicago, Illinois
Sector Focus
Fintech & PaymentsE-Commerce & MarketplacesEnterprise SoftwareFood & BeverageDeveloper Tools & InfrastructureMarketing & Adtech
Models
B2B SaaSConsumer BrandsCPG
See all Fintech & Payments investors →See all E-commerce & Marketplaces investors →See all Enterprise Software investors →
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Focus Areas
Fintech & PaymentsE-Commerce & MarketplacesEnterprise SoftwareFood & BeverageDeveloper Tools & InfrastructureMarketing & Adtech

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F4 Intelligence Report · Last Researched August 23, 2026F4 Research Engine