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§ Venture Capital · CT, USA
Early-stage venture fund providing capital to scaling startups and scaleups, focused on B2B SaaS and high-growth tech companies.
Key people at Bolster Ventures.
New York-based Bolster Ventures operates an on-demand executive talent marketplace and an early-stage venture capital fund that connects experienced professionals with scaling startups for full-time, fractional, advisory, and board roles. The organization combines traditional recruiting services with an intelligent sourcing platform to facilitate executive searches, while also offering a dedicated mentorship program for scaling startup chief executive officers. As of early 2022, the platform had amassed a network of nearly 7,000 curated senior executive members and served over 1,000 startup founder and chief executive clients across the technology sector. The company is backed by prominent venture capital firms and strategic investors, including Union Square Ventures, Costanoa Ventures, High Alpha, Foundry, and SVB Financial Group. Bolster Ventures was founded in 2020 by Matt Blumberg, Anna Karp, and Fraser Patterson alongside several other former Return Path executives.
Key people at Bolster Ventures.
Bolster Ventures is an early-stage investment firm focused on identifying and supporting innovative startups with high growth potential. The firm provides capital and strategic guidance to help these startups scale their operations effectively. Bolster Ventures typically invests in Seed to post-Series A rounds, often co-investing alongside other investors on the same terms, which allows them to back promising companies early in their growth journey. Their investment philosophy centers on partnering closely with entrepreneurs to accelerate growth, leveraging both financial resources and operational expertise. While their sector focus is broad, they show particular interest in SaaS, marketplaces, and technology-driven startups, reflecting a commitment to supporting scalable, high-impact ventures. Through this approach, Bolster Ventures plays a significant role in nurturing the startup ecosystem by enabling founders to access not only capital but also mentorship and strategic support crucial for scaling[5][6][7][4].
Bolster Ventures emerged from a deep entrepreneurial and venture capital background. One of the key figures associated with Bolster is Matt Blumberg, a multi-time founder and advisor with extensive experience in startups and venture capital since the mid-1990s. Blumberg founded Return Path, a global enterprise SaaS company, and later started Bolster to address a critical gap in startup leadership and executive hiring. The firm evolved to focus on early-stage investments, leveraging insights from years of building and scaling companies. Bolster Ventures benefits from the founders' hands-on experience and network, which informs their investment decisions and operational support. This origin story highlights a transition from entrepreneurship and executive search to venture investing, emphasizing a founder-first approach and a mission to help startups scale efficiently[4][2].
Bolster Ventures operates at the intersection of early-stage venture capital and executive talent development, riding the trend of founder-centric, operationally savvy investing. The timing is critical as startups increasingly recognize the importance of strong leadership teams in scaling successfully. Market forces such as the growing demand for SaaS solutions, digital marketplaces, and technology innovation create fertile ground for Bolster’s investment approach. By focusing on both capital and leadership, Bolster Ventures influences the broader ecosystem by helping startups avoid common scaling pitfalls, thus increasing their chances of success and contributing to a healthier, more dynamic startup environment[4][5][6].
Looking ahead, Bolster Ventures is well-positioned to expand its influence by continuing to back high-potential startups and deepening its operational support offerings. Trends such as the increasing complexity of startup scaling, the need for fractional and interim executive talent, and the rise of SaaS and marketplace models will shape their investment focus. As the startup ecosystem matures, Bolster’s founder-driven, talent-focused approach may become a model for early-stage investing, potentially leading to stronger, more resilient companies. Their dual expertise in venture capital and executive search uniquely equips them to help startups build leadership teams that can navigate rapid growth and market challenges, reinforcing their role as a key enabler in the tech startup landscape[2][4][5].
Bolster Ventures has 5 tracked investments across 3 companies. The latest tracked deal is $20.0M Series E in Glowforge in May 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2023 | Glowforge | $20.0M Series E | Barry Schuler, Foundry Group | DFJ, BRE Pettis, TOM Williams, Revolution Growth, True Ventures |
| Jan 20, 2023 | WriteSea | $2.0M Pre-Seed | Atento Capital, Bolster Ventures, Justin Dawkins, Expert Dojo, Visible Hands | — |
| Jun 1, 2022 | Glowforge | $43.0M Series E | Barry Schuler | DFJ, BRE Pettis, TOM Williams |
| May 1, 2016 | CodeCombat | $2.0M Seed | — | DFJ, BRE Pettis, Allen & Company, Shana Fisher, Third Kind Venture Capital |
| May 1, 2015 | Glowforge | $9.0M Series A | Brad Feld | DFJ, Scout Ventures, BRE Pettis, TOM Williams, Jennifer "Jenny" Lawton, MAX Temkin, Tony Conrad |