Full In Partners Research
Investment Thesis
Full In Partners is a New York-based growth equity firm founded in 2019 by Elodie Dupuy and Eric Tonkyn. The firm's stated philosophy is "growth equity reimagined": it backs high-velocity, high-efficiency software and internet businesses and pairs capital with proactive operational and strategic support. Their public tagline frames the approach directly: "We build enduring software companies by backing extraordinary people. For us, returns and relationships aren't in competition — they're two sides of the same coin." The firm takes both majority and minority positions, distinguishing it from pure minority-check growth funds, and explicitly aims to turn every investment into a winner through hands-on involvement rather than passive capital.
Stage Focus
Full In operates at the growth equity stage — largely Series A through Series B and later, well past traditional venture seed rounds. Portfolio evidence spans a $6M Series A lead (BriefCatch, legal AI writing software) up to participation in a $25M Series B (Queen One, AI commerce CRM), plus later-stage names like Canva and Vinted that reflect the firm's willingness to hold positions in scaled, mature software businesses.
Check Size
Not formally disclosed. Based on observed round sizes and lead positions, typical check sizes appear to range from roughly $3M to $25M+, consistent with a growth equity firm managing a reported $350M in AUM.
Lead Tendency
Full In frequently leads. It led BriefCatch's $6M Series A (announced December 2025) and is reported as a repeat lead investor across its ~15-company active portfolio. It also participates alongside other institutional investors, as with the August 2026 Queen One Series B alongside Mercury Fund, Connecticut Innovations, Inspired Capital, Charge Ventures, and CP Overture.
Recent Activity
The firm is actively deploying. Confirmed recent activity includes:
- December 2025: Led BriefCatch's $6M Series A to expand its secure, AI-assisted legal writing platform.
- August 2026: Participated in Queen One's $25M Series B, an AI-governed commerce CRM platform, alongside Mercury Fund and Connecticut Innovations.
- Reported (unverified by primary source) additional 2026 activity in Noteefy, a golf-industry booking software company.
Portfolio Highlights
Full In's portfolio spans roughly 15+ active and exited companies across enterprise software, marketplaces, fintech, edtech, and legal tech:
- Canva — design software (later-stage/scaled position)
- Vinted — secondhand-clothing e-commerce marketplace
- Preply — language-learning marketplace, invested at Series B
- Usercentrics and Cybot (Cookiebot) — consent/privacy management SaaS
- Super.com — consumer fintech savings app
- Peerspace — space-rental marketplace
- AutoRABIT — DevOps/release-management tooling for Salesforce
- Subject7 — test automation/QA software
- Fooda — workplace food programs
- RepeatMD — healthcare patient engagement and rewards
- Pomelo by TELUS Health — patient engagement healthcare platform
- Array — embedded financial/credit data services
- ServiceCore — field-service management software for the septic/portable-toilet industry (exited)
- BriefCatch — AI-assisted legal writing platform (2025 Series A)
- Queen One — AI-governed commerce CRM (2026 Series B)
Team
- Elodie Dupuy, Founding Partner — Career built at Insight Partners (VP) and ICONIQ Capital (Principal) before launching Full In; has evaluated deals across 35 countries and sat on boards in 5 countries.
- Eric Tonkyn, Founding Partner — Princeton graduate; prior roles at Microsoft, a San Francisco startup, and eight years at Bridgewater Associates managing ~$150B in AUM.
- Tina Philip, Managing Partner — Started at Booz & Co. and Accenture in M&A and operational efficiency; now focused on helping portfolio founders scale.
- Niket Parikh, Managing Director, Portfolio Success — University of Texas graduate; also began at Booz & Co. and Accenture before moving into portfolio operations.
- Cameron Dougherty, Investor — Chicago Booth MBA; prior software company operating experience; focuses on growth-stage software.
- Sydney Olson, Investor — UNC Chapel Hill graduate with a clinical research background at Vanderbilt; interest in biotech-adjacent investing.
- Justin Lobo, Investor — Yale graduate; self-described SaaS-focused investor.
- Erica Kimble, VP, Human Resources — Leads firm culture and people operations.
- Alexa Bennett, Director of Brand Strategy & Marketing — Started at Insight Partners in marketing; later founded her own consulting firm.
Full In also runs an "OpCats" operator network — a bench of functional specialists (monetization, sales, product, corporate development, marketing, finance, DevOps, lead generation) made available to portfolio companies for hands-on operational support, reinforcing the firm's high-involvement growth equity model.
Decision Process
Structured as a partnership model (two founding partners plus a managing partner and investment team), consistent with typical growth equity investment committees rather than a solo-GP structure.
Founder Preferences
Full In's public messaging emphasizes backing "extraordinary people" and treating the founder relationship as inseparable from returns. The team's own operating backgrounds (Insight Partners, ICONIQ, Bridgewater, Booz & Co., Accenture) suggest a preference for founders running efficient, metrics-driven software and marketplace businesses ready for operational scaling support rather than pure product-market-fit search.
Geographic Focus
Headquartered in New York City. Portfolio and investment activity are concentrated in the United States, with reported activity in Australia as well.