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Strategy
Geographies
San Francisco, CA
Recent changes
- Jul 9, 2026Jul 9, 2026Invested in Ollama (Series B, $65M) TechCrunch
Portfolio
1 totalRecent Investment Activity
1Track record: led 1 and participated in 0 of 1 tracked venture round · 1 in the last 12 months · led 1 Series B
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Jul 9, 2026 | Ollama | Series B | Led | $65M | — | TechCrunch |
Co-Investors
6Similar Firms
overlapping sector, stage or regionValue Add Research
Latest Pulse
- Jul 13, 2026Open-Source AI Infrastructure's Funding RenaissanceOllama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.→
- Jul 9, 2026Ollama Raises $65M Series B as Open-Weight Models ScaleOllama, the open-source platform for running AI models locally, closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million as its developer base grew to nearly 9 million.→
- Jul 9, 2026Ollama Raises $65M Series B as Local AI Tool Hits 9M UsersOllama, the open-source tool for running AI models locally, raised a $65 million Series B led by Theory Ventures as its monthly developer base doubled to nearly 9 million since January.→
Theory Ventures FAQ
What companies has Theory Ventures invested in?
Theory Ventures' portfolio includes Ollama.
Who does Theory Ventures co-invest with most?
In the rounds Value Add tracks, Theory Ventures most often invests alongside 49 Palms (1 shared deal), 8VC (1 shared deal), Benchmark (1 shared deal), GTM Fund (1 shared deal), Pace Capital (1 shared deal).
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet1 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.