Active: new fund Apr 2025 Verified 4 Nov 2026
S32
High-conviction venture firm focused on a small set of founder relationships, with hands-on hiring support. Based in Palo Alto, CA.
- Type
- VC firm
- Location
- Palo Alto, California, United States
- Backs
- B2B software
- Sectors
- AI, Devtools, Biotech
- Fund size / AUM
- $600M S32 Fund 6 (Form D offering, 2025)
- Latest fund or filing
- 2 Sep 2025
- Portfolio mix
- B2B software 63%; Biotech and pharma 11%; Crypto and web3 4%; Deep tech 4%; Medtech and digital health 4%; Climate and energy 4%; Tech-enabled services 4%; Fintech 4%; Consumer products 4% (n=27)
- Website
- www.s32.com
Fund filings (SEC Form D)
- Latest fund on file
- S32 Fund 6
- Filed
- 2 Sep 2025 (amendment)
- Fund size
- $600M (total offering)
See this fund's filings on SEC EDGAR
Contacts on file
For S32, the paid file holds: 8 named decision-makers with roles.
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Notable investments
8090BasecampCohereCoinbaseCrowdstrike
Sources
- www.sec.gov/Archives/edgar/data/2058574/000205857425000002/
- www.s32.com/
- www.s32.com/team
- www.sec.gov/Archives/edgar/data/1924819/000101297525000529/
- adviserinfo.sec.gov/firm/summary/288739
Last checked 4 Nov 2026. Is something wrong? Tell us.
Appears in 24 lists
Developer tools investors in Silicon Valley (36)Biotech investors in Silicon Valley (48)Developer tools investors in California (86)Biotech investors in the San Francisco Bay Area (88)Biotech investors in California (108)SaaS investors in Silicon Valley (169)AI investors in Silicon Valley (172)Developer tools venture capital firms in the US (177)Developer tools investors (216)Biotech venture capital firms in the US (297)Venture capital firms in Silicon Valley (341)SaaS investors in the San Francisco Bay Area (347)AI investors in the San Francisco Bay Area (364)SaaS investors in California (433)AI investors in California (464)Biotech investors (484)Venture capital firms in the San Francisco Bay Area (768)Venture capital firms in California (1,038)SaaS venture capital firms in the US (1,049)AI venture capital firms in the US (1,112)SaaS investors (1,529)Active venture capital firms in the US (1,574)AI investors (1,576)Venture capital firms in the US (2,975)