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Top 14 Venture Capital Firms For Marketplaces [2022]

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms for Marketplaces.

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

Note: this article is part of a series where we present you the top Venture Capital firms across the world. Have a look at the complete list here. For Ecommerce VCs instead, check out our ranking here.

Top Venture Capital Firms For Marketplaces

Here’s a summary of our top 14 picks for the best venture capital firms for Marketplaces startups in the US (in alphabetical order):

NameLocationInvestment stageInvestment rangeInvestments
ATX Venture PartnersAustinSeed, Series A$300k – $7M37
Box GroupNYCSeed, Series A$250k to $1M (with follow-on possibility)251
Genacast VenturesPhiladelphiaSeed RoundUndisclosed18
Hyde Park Venture PartnersIndianapolis, ChicagoSeed, Series AUndisclosed52
Karlin VenturesLos AngelesSeed, Series A$250k to $2M40
Math Venture PartnersChicagoSeed, Series A$100k to $2M55
Next Coast VenturesAustinSeed, Series AN/A56
Origin VenturesChicagoSeed, Series A$500k to $6M44
Progression FundLos AngelesSeedUndisclosed25
Scalable VenturesLouisville (Kentucky)Seed, Series AN/A14
ScOp Venture CapitalLos Angeles, Santa Barbara, San Luis Obispo, Ventura, San DiegoSeed, Series A$500k to $3M43
Spark CapitalSan Francisco, BostonSeed to Series AUndisclosed153
Springtime VenturesDenver, Austin, Atlanta, Boulder (Denver Area)Seed$400k to $600k40
Tech Square VenturesAtlantaSeed, Series AUndisclosed80

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1. Progression Fund

Location: Los Angeles

Based in Los Angeles, Progression Fund is a prominent venture capital firm that offers Seed investment to companies working in the consumer sector. To be more precise, it works with companies that work in the following verticals:

  • Social, Gaming, and Entertainment
  • Social Commerce and Marketplaces
  • Work, Wellness, and Education

Unfortunately, this venture capital firm does not disclose the typical investment amount anywhere on its website. It is interesting to note that Progression Fund also has a physical office in San Francisco.

So far, this venture capital firm has invested in 25 companies. Some of them are Luma, Fiveable, Ok Play, Truehero, Atmosfy, Grow Credit, Ditto, and Storey.

2. Origin Ventures

Location: Chicago

Chicago-based Origin Ventures is a popular venture capital firm that invests in the digital native economy. Their primary focus is on software and marketplace business models.

This venture capital firm is known for offering Seed and Series A funds to companies targeting the B2B and B2C segments. The size of the initial check they write is anywhere between $500k and $6M.

Origin Ventures actively invests in companies located in the United States and Canada. So far, the firm has invested in 44 companies, some of which are Backlot Cars, GrubHub, Fountain, Cameo, Everee, Avant, ViralGains, and Mighty, among others.

3. Karlin Ventures

Location: Los Angeles

Karlin Ventures is a big name in the venture capital landscape of Los Angeles. This venture capital firm offers Seed and Series A funding to companies that are working in the Enterprise Software, Marketplaces, and Commerce Platform sectors.

The firm typically writes a check between $250k and $2M as co-investors. However, they can also invest in follow-up rounds.

Karlin Ventures invests in companies located on the West Coast. Also, they must have a proof-of-concept along with a capital requirement of less than $5M. Additionally, the companies looking for investment should be able to reach a breakeven point in three years.

Some of the many companies that Karlin Ventures has invested in include Bark, Figs, ChowNow, HONK, InvestedIn, Markkit, Gyft, StrikeAd, and GameMix.

4. Hyde Park Venture Partners

Location: Indianapolis, Chicago

Hyde Park Venture Partners has a physical presence in both Indianapolis and Chicago. It is one of the most famous venture capital firms offering Seed and Series A funding to startups working in the Marketplace, SaaS, and Tech-enabled sectors.

This venture capital firm usually looks for companies with fast-growth potential and are in need of first and second-round capital. Unfortunately, the Hyde Park Venture Partners does not disclose the exact investment amount on its website.

So far, Hyde Park Venture Partners has invested in 52 companies, some of which are Avant, Audit Sight, Blooom, Chowly, FarmLogs, Noredink, and ShipBob, among others.

5. Tech Square Ventures

Location: Atlanta

With 80 investments so far, Tech Square Ventures is one of the most popular venture capital firms operating in Atlanta. This venture firm funds startups working in the B2B, Marketplace, and Tech-enabled services sectors.

Tech Square Ventures never discloses the exact investment amount anywhere on its website. However, it offers Seed and Series A (early-stage) funding to the companies it selects from among the huge number of applications it receives.

Some of the many companies that this venture capital firm has invested in include Achieve It, Bee, 2U Laundry, BirdStop, Chain.io, BlueDot, Clutch, Fluree, Filtered, Instant, and Native Voice among others.

6. Next Coast Ventures

Location: Austin

Austin-based Next Coast Ventures offers Seed and Series A funding to startups in Marketplaces, Enterprise, and Consumer segments. What is interesting is that their investments are more thematic by nature. Thus, even though they focus on the aforesaid segments, they only select those companies for investments that align with their themes.

Interestingly, the firm does not disclose the exact investment amount on its website. However, Next Coast Ventures has invested in 56 companies so far. Some of their portfolio companies include AaDya, Able, Acadeum, Aceable, AlertMedia, BrainCheck, Cardlytics, CoPilot, CrowdHealth, and Hip Commerce, among others.

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7. ScOp Venture Capital

Location: Los Angeles, Santa Barbara, San Luis Obispo, Ventura, San Diego

With a physical presence in Los Angeles, Santa Barbara, San Luis Obispo, Ventura, and San Diego, ScOp Venture Capital is one of the most prominent venture capital firms to exist today. This firm offers Seed and Series A funding to companies working in the SaaS, Software, and Marketplaces segments.

The firm typically writes a check between $500k and $3M, however, the companies need to show proof of product market-fit, that is they must have a revenue of at least $500k. Apart from funding, the fund also offers long-term support with its own operational expertise.

So far, ScOp Venture Capital has invested in 43 companies, some of which are Cliq, Designalytics, FreightPOP, Yogi, Pearly, Simple Mills, SMS Assist, and Meetup.

8. Math Venture Partners

Location: Chicago

Chicago-based Math Venture Partners is a well-known venture capital firm that offers Seed and Series A funding to the companies it selects. This venture capital firm focuses on companies operating in the following sectors: Software, Data Analytics, Marketplaces, and e-Commerce.

Apart from the money, Math Venture Partners also provides mentorship, resources, and connections that a startup usually needs to grow and thrive.

The average check size that Math Venture Partners writes is anywhere between $100k and $2M. So far, this venture capital firm has invested in 55 companies, some of which are 2ndKitchen, Fixer, CardFlight, EatStreet, NoRedInk, Trainual, Spot Hero, Popwallet, and TeamGenius, among others.

9.  ATX Venture Partners

Location: Austin

Offering Seed and Series A funding, ATX Venture Partners is one of the most prominent venture capital firms operating in Austin. They usually write a check between $300k and $7M.

However, this venture capital firm doesn’t just offer funds but also provides pre-negotiated deals, the right connections and partnerships, and access to their network of talents and mentors to help the portfolio companies succeed.

ATX Venture Partners offers to fund startups and companies working in Marketplaces, APIS, Apps, and Enterprise Software verticals. So far, this venture capital firm has invested in 37 companies, some of which are Everfest, IdealSpot, Slingshot Aerospace, Arcade, and Assurely, among others.

10. Genacast Ventures

Location: Philadelphia

A prominent venture capital firm in Philadelphia, Genacast Ventures focuses on tech startups in the B2B sphere. They only focus on seed-stage companies. In addition to funding, Genacast offers the portfolio companies a deep network of investors and potential customers.

What is interesting is that Genacast Ventures also plays a vital role in the team building and hiring processes of portfolio companies. They focus only on tech companies in Frontier Technology, B2B Marketplaces, AI-Powered Enterprise, Disruptive Vertical SaaS, etc.

Some of the companies that they have invested in the past have been acquired by big names like Google, Datadog, Adobe, etc.

11. Spark Capital

Los Angeles: San Francisco, Boston

One of the most prominent venture capital firms in San Francisco, Spark Capital offers funding to startups working in various sectors including Consumer, Marketplaces, Frontier Tech, Fintech, Enterprise, Hardware, and Crypto.

What is interesting about Spark Capital is that they are stage agnostic, which means, they are open to funding irrespective of the stage of the company provided they like the idea or the product.

They not only provide funding but also offer mentorship and access to industry experts who can help the companies scale into sustainable businesses.

So far, Spark Capital has made 153 investments with some of the most notable names being Twitter, Rover.com, Coinbase, Oculus, Slack, Wayfair, Tumblr, Snap, eToro, and Grammarly, etc.

12. Box Group

Location: New York City

The Box Group is one of the most prominent venture capital firms located in NYC. This venture capital firm offers Seed to Series A funding to the selected portfolio companies. The firm offers to fund only companies that are operational in the Consumer, Enterprise, Fintech, Healthcare, Marketplaces, Climate, and Web3 sectors.

What is interesting is that though the Box Group usually writes a check of anywhere between $250k to $1M, the firm is open to further investments in follow-on rounds.

So far, the venture capital firm has invested in 251 companies, some of which are Airtable, Flexport, AirBase, Alma, Arcadia, Barked, Boxed, Codecov, Draft, Fundera, and GroupMe, among others.

13.  Springtime Ventures

Location: Denver, Austin, Atlanta, Boulder (Denver Area)

Springtime Ventures is a popular venture capital firm that has a physical presence in Denver, Austin, Atlanta, and Boulder (Denver Area). This venture capital firm offers Seed funding to companies operating in the Fintech, Insurtech, DeFi, Healthcare, Logistics, Supply Chain, and Marketplaces sectors.

The average check size that Springtime Ventures writes for its selected portfolio companies is $400k to $600k. Apart from the money, this venture capital firm also offers mentorship and additional support whenever required.

So far, Springtime Ventures has invested in 40 companies, some of which are AaDya, Avvay, ActiveSoul, CarServ, Delfina, Fulcrum, and Jeenie, among others.

14. Scalable Ventures

Location: Louisville (Kentucky)

Louisville-based Scalable Ventures offers Seed and Series A funding to scalable software companies working in the B2B segment. In particular, this venture capital firm is interested in companies working in Analytics, Platforms, Marketplaces, AI/ML, Web3, SaaS Mobile and Web Apps, and E-Commerce segments.

Just like every other venture capital firm on this list, Scalable Venture doesn’t disclose the exact investment amount anywhere on its website.

So far, this venture capital firm has invested in 14 companies with some of them being Dianthus, MicroAcquire, ImageProVision, Capture, SentryHealth, SuperFan, and Talla. Interestingly, several of its portfolio companies have been acquired by other companies.

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