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Top 8 Venture Capital Firms In Phoenix, Arizona [2022]

With Phoenix’s venture capital firms investing a total of $886 million last year, Arizona and Phoenix together have recently become a new hub for tech startups.

Whether you are raising seed, Series A or higher, in this article we have listed our top picks for Phoenix’s best venture capital firms, their industry focus and investment size.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the US. For the South West, check out our rankings for Denver, Salt Lake City, New Mexico and Oklahoma.
Looking for Phoenix's top startup incubators and accelerators instead? Check out our ranking here.

Phoenix’s Top 8 VC Firms For Tech Startups

Here’s a summary of our top 8 picks for Phoenix’s best venture capital firms for startups (in alphabetical order):

NameSector focusRoundInvestment sizeInvestments
Arizona Founders FundTechnologySeed$50k to $400k9
Arizona Tech InvestorsSoftware, EdTech, MedTech, GreenTech, IoTSeed, Series AUndisclosed17
Brookstone Venture CapitalInternet and SaaSSeries AUndisclosed13
CoplexTech-EnabledSeedUndisclosed16
GrayhawkB2B SaaS, Business Intelligence, Cyber Security, Enterprise Software, Health Tech, FintechSeed, Series AUndisclosed37
PHX VenturesB2B SoftwareSeed$50k to $500k14
Shot VenturesTechSeed to Series A+UndisclosedN/A
Social LeverageFintech, Enterprise SaaS, ConsumerSeed, Series AUndisclosed125+

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1. Arizona Founders Fund

One of Phoenix’s most famous venture capital firms is Arizona Founders Fund. This VC firm is located in Scottsdale, and it focuses only on technology companies.

Apart from funding, Arizona Founders Fund also provides counsel, hands-on support, and important referrals that help companies to grow into world-class, scalable, and sustainable companies.

This venture capital firm offers Seed funding and usually writes a check between $50k and $400k. This VC firm primarily focuses on software companies, and so far, it has invested in 9 companies, some of which are Allbound, ShelvSpace, LawLytics, Schola, and PYX Health.

2. Arizona Tech Investors

Located in Phoenix, Arizona Tech Investors is a leading venture capital firm that focuses on startups working in Life Sciences and IT sectors. To be more specific, this venture capital firm invests in Software, MedTech, EdTech, Greentech, and IoT companies.

The firm offers Seed and Series A funding to selected portfolio companies, but unfortunately, it does not disclose the exact investment amount on its website.

So far, the venture capital firm has invested in 17 companies. Some of their most notable portfolio companies are Pillir, Aural Analytics, BabyPage.com, Desert Angels, GT Medical Technologies, PainQX, Botco.ai, Defendry, and Qwick.

3. Brookstone Venture Capital

Brookstone Venture Capital is one of the most famous venture capital firms operating in Scottsdale, Phoenix. The venture capital firm offers Series A funding, but unfortunately, it does not disclose the exact investment amount on its website.

It is interesting to note that this venture capital firm only invests in companies working in the B2B software and internet tech segment. However, they have a special focus on SaaS companies.

Also, Brookstone Venture Capital invests in startups located in Phoenix, Denver, Atlanta, and San Diego. One of the most important requirements for funding is that the companies must have market-proven services and products. So far, the firm has invested in 17 companies with some notable names like Firepoint, Allbound, Eulerity, and Bluetail.

4. Coplex

Coplex is quite different from usual venture capital firms in the sense that it helps to build companies from scratch, invest money in them and launch them in the market.

Essentially, they act like a startup studio and then offer Seed investment to those companies that they build by working together with founders, corporates, and investors.

It should not come as a surprise that they offer only Seed investments to the companies that they build. However, they do provide ongoing support to those companies as co-founders. Unfortunately, Coplex doesn’t disclose the exact investment amount.

Some of their most notable portfolio companies include Qwick (raised funding from Arizona Tech Investors), Nurseio, Insurmi, Steady Install, Smile Virtual, and YellowBird.

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5. Grayhawk Capital

Founded in 1999, Grayhawk Capital is a popular venture capital firm that invests in innovative technology companies. It is important to note that Grayhawk Capital invests primarily in disruptive B2B SaaS companies in different verticals including Healthcare IT, Fintech, Cybersecurity, Business Productivity and Communications, and Customer Centric Software.

However, they have very specific requirements when it comes to selecting their portfolio companies. The companies should have $2M to $6M in ARR, and they should be working in a $1 billion+ market.

Grayhawk offers Seed and Series A funding, but the venture capital firm does not disclose the exact investment amount. So far, they have invested in 37 companies such as Lucid, ALIANZA, BlueCedar, Pillir, Small Box Energy, and CloudApp.

6. PHX Ventures

Phoenix-based PHX Ventures offers early-stage investments to B2B software companies. This venture capital firm usually invests anywhere between $50k and $500k. Apart from funding, the portfolio companies of PHX Ventures also receive valuable insights from seasoned entrepreneurs.

Though the check they write is quite small, they occasionally keep introducing the portfolio companies to their network of institutional investors so that their portfolio companies can raise further capital.

It is interesting to note that they primarily invest in companies located in Arizona, and so far, they have invested in 14 companies such as Botco.ai, Campuslogic, Activeclass, eVisit, Nurture Boss, and CircleIn.

7. Shot Ventures

Shot Ventures is a popular venture capital firm in Phoenix. However, they also have a physical presence in Tuscan and San Francisco. This venture capital firm offers Seed to Series A+ funding. In other words, they are stage agnostic.

However, it is important to note that they only invest in technology companies and offer valuable insights and mentorship to guide the portfolio companies towards success. Unfortunately, the firm does not disclose the exact investment amount on its website.

Another point to note is that they do not disclose the list of their portfolio companies either. The only information they provide is that 7 of their portfolio companies were either acquired or had successful exits.

8. Social Leverage

Social Leverage is yet another famous venture capital firm in Scottsdale, Phoenix. This VC firm offers Seed and Series A funding, but unfortunately, the firm does not disclose the investment amount on its website.

It must be noted that Social Leverage invests only in technology-enabled companies working in the Fintech, Consumer, and Enterprise SaaS verticals. Apart from funding, this venture capital firm also brings unique market insights, marketing experience, and entrepreneurial expertise to the table so that the portfolio companies can benefit from them.

So far, Social Leverage has invested in 125+ companies with some of the notable names being Robinhood, Kustomer, Robin, Wag, Stocktwits, noredink, and Manscaped among others.

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  • Investor-friendly
  • Easy-to-use Excel & PPT templates
  • CPA-developed financials
  • 30+ charts and metrics