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CAVE
Gregory Raiz founded CAVE in 2016, a solo-GP vehicle writing $1M–$5M seed checks into enterprise startups.
CAVE
CAVE, INC. is an SEC-registered investment adviser with approximately $2 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a single investment adviser.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Gregory Raiz
Founder & Managing Partner
Sector focus
Frequently asked questions
Who makes investment decisions at CAVE?
Gregory Raiz operates as the sole general partner and makes all investment decisions. He does not publicly list an investment committee or junior partners. CAVE's legal structure concentrates decision authority in Raiz, who sources, evaluates, and closes deals directly.
Does CAVE lead rounds or participate as a co-investor?
CAVE can lead seed rounds with checks ranging from $1 million to $5 million. Raiz has historically built syndicates alongside other seed-stage funds and angel investors rather than requiring board seats or control provisions in every deal.
What was the Drizly exit and what did it mean for CAVE?
Drizly, an alcohol e-commerce platform in CAVE's portfolio, was acquired by Uber in 2021 for $1.1 billion in stock and cash (per public filings, 2021). The transaction provided a meaningful liquidity event for the fund's early LPs and validated Raiz's consumer-meets-enterprise investment thesis.
How is CAVE different from a traditional venture fund?
CAVE is a solo-GP firm rather than a multi-partner venture franchise. Raiz invests a concentrated portfolio of fewer deals than a typical seed fund, which trades diversification for conviction sizing. His operating background at Raizlabs (acquired by Rightpoint) also differs from the MBA-finance path common in venture.
Where does CAVE source its deals?
Raiz leverages his Boston and San Francisco operator networks, his former Raizlabs client relationships, and a reputation built through portfolio exits like Drizly and Drift. CAVE does not disclose a formal outbound sourcing program, and deal flow appears to be network-driven rather than systematic.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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