Cowboy Ventures

Venture capital firm
Palo Alto, California, USAFounded 2012cowboy.vcSee connections →

Seed-stage venture capital firm founded in 2012 by Aileen Lee, investing in early-stage technology startups.

Strategy

Stages
Seed
Sectors
ConsumerEnterprise
Geographies
USAPalo Alto, California, USA
Check size
$500K-$3M

Recent changes

  1. Oct 16, 2026Invested in CarbonAI (Series A, $12M) Pulse 2.0
  2. Sep 5, 2026Stages updated: Seed cowboy.vc
  3. Jan 1, 2023New fund: Cowboy Ventures Fund IV ($140M) Value Add VC funds tracker
  4. Jan 1, 2018New fund: Cowboy Ventures Fund III ($95M) Value Add VC funds tracker
  5. Jan 1, 2014New fund: Cowboy Ventures Fund II ($57M) Value Add VC funds tracker
Earlier changes (1)
  1. Jan 1, 2012New fund: Cowboy Ventures Fund I ($36M) Value Add VC funds tracker

Funds

4
FundVintageSizeStrategySource
Cowboy Ventures Fund IV2023$140MFlagship
As of 2023Value Add VC funds tracker
Cowboy Ventures Fund III2018$95MFlagship
As of 2018Value Add VC funds tracker
Cowboy Ventures Fund II2014$57MFlagship
As of 2014Value Add VC funds tracker
Cowboy Ventures Fund I2012$36MFlagship
As of 2012Value Add VC funds tracker

Portfolio

2 total

Recent Investment Activity

1

Track record: led 1 and participated in 0 of 1 tracked venture round · 1 in the last 12 months · led 1 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 16, 2026CarbonAISeries ALed$12M—
Cowboy VenturesLeadunverifiedBling CapitalunverifiedMax Ventures (former Basset)unverifiedTimber Grove Ventures
Pulse story

Sector / Stage Activity

By sector (portfolio)
Fintech
1 · 50%
Enterprise SaaS
1 · 50%

Co-Investors

7

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Boomi Buys Data-Trust Startup Elementary Data For $40-45MBoomi acquired Israeli data-observability startup Elementary Data for an estimated $40-45 million in cash and stock, its third Israeli acquisition after Rivery and Lunar.dev, to monitor the data feeding enterprise AI agents.→
  2. CarbonAI Raises $12M To Automate CRE Loan UnderwritingCarbonAI raised $12 million led by Cowboy Ventures to build AI agents that handle underwriting, due diligence, investment memos and post-close monitoring for commercial real estate loans, with every output traced back to its source document.→

Cowboy Ventures FAQ

How large are Cowboy Ventures' funds?

Cowboy Ventures funds Value Add tracks include Cowboy Ventures Fund IV ($140M, 2023); Cowboy Ventures Fund III ($95M, 2018); Cowboy Ventures Fund II ($57M, 2014); Cowboy Ventures Fund I ($36M, 2012), out of 4 Cowboy Ventures funds tracked in total.

What companies has Cowboy Ventures invested in?

Cowboy Ventures' portfolio includes CarbonAI, Crunchbase.

Who does Cowboy Ventures co-invest with most?

In the rounds Value Add tracks, Cowboy Ventures most often invests alongside Alignment Growth (1 shared deal), Bling Capital (1 shared deal), Emergence Capital (1 shared deal), Max Ventures (former Basset) (1 shared deal), Mayfield Fund (1 shared deal).

Sources & methodologyshow
Where these figures come from
  • Value Add VC funds trackerValue Add VC data4 facts
  • Pulse 2.0Value Add VC data1 fact

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction