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Flume Ventures is an operator-led venture capital firm based in Incline Village, Nevada, that primarily invests in early-stage technology startups across diverse emerging industry sectors. The organization operates on a community-driven investment model designed to support portfolio entrepreneurs by leveraging the direct operational experience of its internal leadership team. Operating with a single active investment vehicle, the firm officially launched its inaugural venture fund to outside limited partners in February 2023. The core investment and advisory team features several recognizable industry executives, including General Partner Colin Delea alongside Operating Partners Imran Khan and Scott McNealy. As part of its broader strategy, the firm has formally committed to reinvesting a designated portion of its realized profits back into the regional business ecosystem through the Nevada Innovation Pledge. Flume Ventures was established in 2023 by founder and Managing Partner Matt Nordby.
Flume Ventures is headquartered in Incline Village, Nevada. This location serves as the base for its operations within the venture capital and private equity industry.
Flume Ventures is headquartered in Incline Village, Nevada. This location serves as the base for its operations within the venture capital and private equity industry.
Flume Ventures has 5 tracked investments across 4 companies. The latest tracked deal is $230.0M Series B in Positron in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 4, 2026 | Positron | $230.0M Series B | ARENA Private Wealth, Jump Trading, Unless | 1517 Fund, ARM, Atreides Management, DFJ Growth, Helena, Qatar Investment Authority, Resilience Reserve, Valor Equity Partners |
| Feb 2, 2026 | GrubMarket | $50.0M Series H | Future Food Fund | Liberty Street Funds, MY Securities, Portfolia, RD Heritage Group |
| Oct 13, 2025 | 1Password | $100.0M Other Equity | — | Manoj Apte, Scott McNealy, Halo Fund III |
| Jul 1, 2025 | Positron | $52.0M Series A | Atreides Management, Randy Glein, Valor Equity Partners | DFJ, Scott McNealy, 1517 Fund, Unless |
| Nov 1, 2024 | Orderful | $15.0M Series U | NewRoad Capital Partners | Andreessen Horowitz, Otherwise Fund, Sequoia Capital, Amjad Masad, Nico Rosberg, 9Yards Capital, GLP Capital Partners, NFI Ventures |
Flume Ventures positions itself as an operator-led investment firm, built by entrepreneurs for entrepreneurs. The firm's core philosophy centers on an "operators first" approach, aiming to redefine traditional venture capital practices. This involves partnering with visionary founders and providing them with guidance, mentorship, and access to a trusted community. The objective is to support the development of bold ideas by leveraging practical operational experience.
The firm's model moves beyond conventional venture playbooks, focusing instead on active engagement and strategic support. This hands-on approach is designed to equip founders with the resources and insights necessary to navigate challenges and accelerate growth. By fostering a supportive ecosystem, Flume Ventures seeks to empower its portfolio companies to achieve their full potential.
Flume Ventures is headquartered in Incline Village, Nevada. The firm operates within the venture capital and private equity industry, managing investment funds such as Flume Ventures I. Its strategic location supports its operational model, allowing it to engage with the broader venture ecosystem while maintaining a focused approach.
The team at Flume Ventures includes experienced individuals from the technology sector. For example, Scott McNealy, co-founder of Sun Microsystems, is a partner at the firm. This composition reflects the firm's emphasis on bringing seasoned operational and entrepreneurial expertise to its investment activities and portfolio support.
Ultimately, Flume Ventures aims to be a strategic partner for founders, offering more than just capital. Through its unique blend of operational insight, mentorship, and community building, the firm strives to create a robust environment where innovative companies can thrive and make a significant impact. This commitment underpins its strategy for identifying and supporting promising ventures.
