Logos Fund Research
Investment Thesis
Logos Fund is a New York-based venture firm, founded in 2016, that backs founders tackling operational complexity in services, industrials, and infrastructure, extending into business and productivity software. The firm's public site (logosfund.com) carries almost no conventional marketing copy; instead it links out to a small set of research projects the partners publish under the Logos banner: The Deployment Paradox (a study of how deployment-heavy service organizations scale quality and cost), Aggregation Theory Offline (a dataset and essay tracking market concentration moving from the internet into physical and industrial markets as AI collapses distribution costs), Future Fundamentals (a Substack authored by partner Will Baine), and the Alliance for Superconducting Technologies (a non-profit the fund appears to support around high-temperature superconducting materials). Taken together, these projects signal a thesis-driven, research-first approach: the firm invests behind the idea that AI-era aggregation and automation are moving out of pure software and into services, physical operations, and hard infrastructure, and it looks for founders building the systems that capture that shift.
Stage Focus
Evidence points to pre-seed through Series A. Partner Will Baine co-led the pre-seed round for Mia Labs (then an early automotive AI startup), and the firm has since participated as a co-investor in that company's Series A. It also joined Pathwork's $3.5M seed round and Series A rounds for Gravity and Rune. No later-stage (growth) activity was found.
Check Size
No check size was disclosed by the firm or in secondary sources; all identified rounds were syndicated with multiple co-investors, so an individual check size could not be inferred with confidence.
Lead Tendency
Mixed. Caplight/Crunchbase classify Logos Fund as a "co-investor" across its tracked deals, but direct founder testimony (Mia Labs) describes Will Baine as having co-led that company's pre-seed. The firm appears willing to lead or co-lead at the earliest stages and to follow at seed/Series A.
Recent Activity
Logos Fund has been active through 2025 and 2026: a September 2025 seed investment in Pathwork (AI-native life and health insurance distribution platform), a Series A co-investment in Mia Labs in January 2026 ($20M round, AI conversational platform for auto dealerships), a Series A co-investment in Gravity in August 2026 ($30.5M round, agent-to-agent AI advertising platform), and a Series A co-investment in Rune in September 2026 ($40M round, solar-powered modular AI compute infrastructure). A prior portfolio company, VehicleCare (AI-powered vehicle repair and claims platform), was acquired by Roadzen in January 2026 for approximately $277M, roughly nine months after its seed round.
Portfolio Highlights
- Gravity (trygravity.ai) — AI advertising platform placing ads inside AI chatbots and agent-to-agent surfaces; $30.5M Series A, Aug 2026, co-led by Lightspeed Venture Partners and Committed Capital.
- Mia Labs (mia.inc) — AI conversational phone/chat agent for auto dealerships; Logos co-led the pre-seed, later joined a $20M Series A led by Permanent Capital Ventures (Jan 2026).
- Pathwork (pathwork.com) — AI-native platform modernizing life and health insurance distribution for brokers and carriers; $3.5M seed led by Costanoa Ventures (Sep 2025).
- Rune — San Francisco-based modular compute platform (RELIC) that runs AI data centers on curtailed solar power; $40M Series A led by Spark Capital (Sep 2026).
- VehicleCare — AI-powered vehicle repair and claims platform; acquired by Roadzen for ~$277M in Jan 2026, an exit for early backers including Logos Fund.
Team
- Will Baine, Partner — Based in New York; Harvard Business School. Publishes Future Fundamentals (a research/essay Substack) and appears to be the firm's primary source-facing partner, co-leading pre-seed rounds and engaging directly with founders (e.g., Mia Labs, Pathwork).
- Andrew Schreder, Partner — Based in San Francisco; joined Logos Fund as Partner in February 2026. Previously on the investment team at 137 Ventures (2023-2026).
Decision Process
With two named partners covering New York and San Francisco, the firm most likely operates as a small partnership rather than a solo-GP or formal investment-committee structure, though this is inferred rather than confirmed.
Founder Preferences
The firm's own research output (deployment-organization playbooks, market-concentration datasets) suggests a preference for founders operating in unglamorous, operationally complex categories — physical services, industrials, insurance distribution, automotive — rather than pure consumer or horizontal SaaS, paired with a willingness to back category-defining infrastructure plays (Rune's solar-linked compute) adjacent to that thesis.
Geographic Focus
US-based, with a bicoastal partner presence (New York and San Francisco). Every identified portfolio company is US-headquartered.