Counterpart Ventures

Patrick Eggen is the founder and managing director, leading all investment decisions. The firm's compact structure means Eggen is the primary decision-maker on new commitments and portfolio management, drawing on a network of corporate venture partners for diligence input rather than a large internal investment committee.

Counterpart's sourcing advantage comes from its syndicate of corporate venture partners, who refer pre-emptive deal flow in exchange for the opportunity to co-invest alongside the firm. The model creates a two-way pipeline: startups get warm introductions to enterprise customers, and corporate VCs get access to Seed-stage deal flow they typically cannot execute internally.

Counterpart operates as a venture capital firm, not a family office. It manages third-party capital and invests directly in B2B software companies at the Seed and Series A stages, with a structural emphasis on corporate venture co-investors participating in syndicates.

Counterpart focuses exclusively on direct equity investments in operating companies. There is no public record of the firm making fund-of-funds commitments or investing as a limited partner in other venture firms.

The firm targets Seed and Series A rounds, positioning itself as a first-institutional-check investor. The thesis depends on entering early enough to shape the corporate-venture syndicate architecture before later-stage strategic investors arrive.

Workday Ventures is a named corporate venture partner known to public record. Counterpart's broader syndicate network spans the corporate venture units of major enterprise-software and cloud-infrastructure companies, though specific additional names have not been disclosed in public filings.

Public disclosure on Counterpart's fund structure is limited. The firm has not publicly announced formal fund closes or limited-partner rosters, and key details about its capital base — including whether it raises committed funds or operates on a special-purpose-vehicle model — remain unavailable from primary sources.