Investors / United States / S32
S32
Venture capital · Palo Alto, CA, United States · North America
S32 is a venture firm that makes a small number of concentrated investments and works closely with founders over the long term. It also provides hands-on hiring support for leadership roles in engineering, AI, and go-to-market.
Invests inAI & Machine LearningHealthcare & Biotech
In its own wordsartificial intelligencecomputational biologyphysical aiinfrastructurecybersecurityenterprise
Your fit with S32
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsS32 lists 43 checked portfolio companies on its own site and is named in 18 funding rounds, 4 of them as lead. Its most frequent entry is Growth, 44% of the companies with a known first round. Its largest themes are AI & Machine Learning (37%), Healthcare & Biotech (17%) and Enterprise Software (12%). 84% of its companies are based in United States. It invests most often alongside Andreessen Horowitz, SV Angel and Salesforce Ventures.
Counts come from funding rounds that name S32, 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 S32's whole history. Rounds on record name 18 companies; its own site lists 43. 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 roundS32 does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 19% |
| Series A | 19% |
| Series B | 19% |
| Growth | 44% |
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 | 2 | 0 |
| '25 | 8 | 2 |
| '26 | 8 | 2 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 79th | 43 companies |
| Recent activity | 94th | 9 rounds in 12 months |
| Early stage | 57th | 19% of entries at pre-seed or seed |
| Evidence | 69th | 7% of companies confirmed by a round |
| Sector focus | 68th | 37% in its largest sector |
| Reach | 84th | 6 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 37% | 18% |
| Healthcare & Biotech | 17% | 15% |
| Enterprise Software | 12% | 8% |
| Cybersecurity | 8% | 4% |
| Media & Entertainment | 5% | 4% |
| Robotics & Hardware | 5% | 1% |
| Fintech | 3% | 12% |
| Space & Defense | 3% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Andreessen Horowitz | 8 |
| SV Angel | 8 |
| Salesforce Ventures | 8 |
| Lightspeed Venture Partners | 7 |
| Y Combinator | 7 |
| Kleiner Perkins | 6 |
| Accel | 5 |
| CapitalG | 5 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers4298%
- No longer answers00%
- Points to another company12%
- 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.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Andreessen Horowitz
Compare S32 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 S32| Date | Company | Stage |
|---|---|---|
| 12 Nov 2026 | Series A | |
| 23 Sept 2026 | Series C+ Led | |
| 22 Sept 2026 | Series C+ Led | |
| 1 Sept 2026 | Seed | |
| 18 Mar 2026 | Round | |
| 18 Mar 2026 | Seed | |
| 28 Jan 2026 | Series B | |
| 20 Jan 2026 | Series C+ |
Round details for S32
Amounts, full round histories and every co-investor in S32's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
43 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company develops and implements AI-native software development platforms for businesses to modernize their legacy systems and workflows. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Aspen Neuroscience develops personalized cell therapies for Parkinson's disease using stem cell biology and genomics | Healthcare & Biotech | Nov 2025Series C+ | Funding round | |
| The company automates AI research and trains AI models for labs and companies. | AI & Machine LearningRobotics & Hardware | Mar 2026Seed | Funding round | |
| Basecamp Research designs and develops therapeutic models and medicines using artificial intelligence | Healthcare & BiotechAI & Machine Learning | Sept 2026Series C+ | Page + round | |
| Beacon Biosignals uses AI-powered technology to accelerate drug development and power home sleep testing diagnostics | Healthcare & Biotech | Nov 2025Series B | Funding round | |
| Black Forest Labs develops and provides AI models for image, video, and audio processing and generation | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Character Bio is a clinical-stage biotechnology company developing new medicines for eye diseases | Healthcare & Biotech | Mar 2025Series B | Funding round | |
| Cohere provides enterprise artificial intelligence solutions for businesses. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Portfolio page | ||||
| CrowdStrike provides cybersecurity services and products to stop breaches using AI-native technology | CybersecurityAI & Machine Learning | Portfolio page | ||
| Culture Biosciences develops and provides bioreactors and software for cell culture experiments and bioprocess development | Healthcare & Biotech | Dec 2025Series C+ | Funding round | |
| Databricks provides a unified platform for data, analytics, and AI. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Deel provides global payroll, compliance, HR solutions, and other related services to companies. | FintechHuman Resources | Portfolio page | ||
| Ema provides AI employees that automate busy work including recruiting, onboarding, benefits, performance and more for enterprises | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Endor Labs provides an Agentic Application Security Platform for unified application security across various areas, including AI, code, open-source software, and containers. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Portfolio page | ||||
| Inceptive builds models of life to design breakthrough biological medicines | Healthcare & Biotech | Portfolio page | ||
| Inductive Bio develops and applies chemical intelligence for drug discovery | Healthcare & Biotech | May 2025Series A | Funding round | |
| Infleqtion builds neutral atom quantum computers, precision sensors, and software built to solve critical challenges for governments, businesses, and research institutions. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Legora develops and provides collaborative AI solutions for legal work. | Legal & ComplianceAI & Machine Learning | Portfolio page |
About this data
site last read 11 Nov 2026- Site
- s32.com
- Last read
- 11 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 22 Oct 2024
- Companies checked
- 43
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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