Investors / Refract Ventures
Refract Ventures
Venture capital
Refract Ventures is an investment firm that invests in early stage founders building software infrastructure for healthcare and financial services. Its portfolio includes Inscope, SmarterDx, Bridge, Lead Bank, Charta Health, Substrate, Privy, Plata, Sage, Monogram, Brale, Takenos, Zaria, CloudCruise, Prax Health, Q Labs, Youshift, Agant, and Radley.
Invests inFintechHealthcare & BiotechAI & Machine Learning
In its own wordshealthcarefinancial servicessoftware infrastructureearly stage
Your fit with Refract Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsRefract Ventures lists 20 checked portfolio companies on its own site and is named in 4 funding rounds. Its most frequent entry is Seed, 67% of the companies with a known first round. Its largest themes are Fintech (33%), Healthcare & Biotech (24%) and AI & Machine Learning (21%). 93% of its companies are based in United States. It invests most often alongside Y Combinator, Lightspeed Venture Partners and Andreessen Horowitz.
Counts come from funding rounds that name Refract Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Refract Ventures' whole history. Rounds on record name 4 companies; its own site lists 20. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 67% |
| Series A | 33% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 4 | 0 |
| '26 | 0 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 51th | 20 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 80th | 67% of entries at pre-seed or seed |
| Evidence | 86th | 15% of companies confirmed by a round |
| Sector focus | 62th | 33% in its largest sector |
| Reach | 42th | 2 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 33% | 12% |
| Healthcare & Biotech | 24% | 15% |
| AI & Machine Learning | 21% | 18% |
| Crypto & Web3 | 9% | 1% |
| Enterprise Software | 6% | 8% |
| Industrial & Manufacturing | 3% | 7% |
| Legal & Compliance | 3% | 2% |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers20100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 4 |
| Lightspeed Venture Partners | 3 |
| Andreessen Horowitz | 2 |
| East Post Road Ventures | 2 |
| Floodgate | 2 |
| Gradient | 2 |
| Lattice | 2 |
| SV Angel | 2 |
Co-investor network
who it backs companies with, and who they back togetherCompare Refract Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Refract Ventures| Date | Company | Stage |
|---|---|---|
| 17 Oct 2025 | Round | |
| 18 Sept 2025 | Series A | |
| 31 Mar 2025 | Seed | |
| 1 Feb 2025 | Seed |
Round details for Refract Ventures
Amounts, full round histories and every co-investor in Refract Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
20 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Agant issues a UK-domiciled stablecoin and provides financial infrastructure | FintechCrypto & Web3 | Portfolio page | ||
| Brale provides stablecoin infrastructure for issuance and payments | FintechCrypto & Web3 | Sept 2025Series A | Page + round | |
| The company provides stablecoin infrastructure and APIs for developers to move, store, and accept stablecoins. | FintechCrypto & Web3 | Portfolio page | ||
| Charta Health develops and provides AI solutions for medical chart review to healthcare providers and payers. | Healthcare & BiotechAI & Machine Learning | Feb 2025Seed | Page + round | |
| CloudCruise builds healthcare automation faster and runs self-healing payer portal and EHR workflows on fully managed infrastructure. | Healthcare & Biotech | Portfolio page | ||
| The company provides mobile banking and money transfer services for Latinos | FintechFintech | Portfolio page | ||
| Greater Industries builds an autonomous decision-making engine for wholesalers and distributors | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| Inscope provides a platform for automated preparation of financial statements using AI | FintechAI & Machine Learning | Portfolio page | ||
| Larridin helps enterprise organizations understand the impact of their AI investment | AI & Machine LearningEnterprise Software | Mar 2025Seed | Funding round | |
| Lead Bank provides API-driven banking infrastructure for companies to power complex financial products | FintechFintech | Portfolio page | ||
| Monogram provides an AI service with a visual interface | AI & Machine Learning | Portfolio page | ||
| Prax Health helps nurse practitioners start and grow their own practices | Healthcare & Biotech | Portfolio page | ||
| Privy provides digital asset infrastructure for global financial products | FintechFintech | Portfolio page | ||
| Qlabs is a research lab working on deep learning | AI & Machine Learning | Portfolio page | ||
| Radley provides radiology services, reading and reporting on medical images for hospitals and imaging centers | Healthcare & Biotech | Portfolio page | ||
| Sage Care develops and provides AI-powered care navigation tools for health systems | Healthcare & BiotechAI & Machine Learning | Oct 2025Round | Page + round | |
| SmarterDX provides a clinical AI platform for healthcare revenue integrity | Healthcare & Biotech | Portfolio page | ||
| Substrate provides an autonomous revenue cycle platform for health systems and physician groups | Healthcare & Biotech | Portfolio page | ||
| YouShift develops and provides healthcare staff scheduling software with AI agents coordinating day-to-day tasks. | Healthcare & BiotechEnterprise Software | Portfolio page | ||
| Zaria provides loan servicing and collateral management services | FintechLegal & Compliance | Portfolio page |
About this data
site last read 8 Nov 2026- Site
- refractventures.com
- Last read
- 8 Nov 2026
- Watching since
- 8 Nov 2026
- Rounds since
- 1 Feb 2025
- Companies checked
- 20
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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