eLab Ventures

The three managing directors — Paul Brown, Doug Neal, and Bob Stefanski — lead the firm. The website presents them as a flat, collegial partnership with no CIO or CEO designation. Associate Paul Stefanski and a roster of four technical advisors support sourcing and diligence.

The firm invests only in companies where artificial intelligence is the primary source of competitive advantage. It does not diversify into non-AI verticals. This singular mandate drives its entire portfolio selection and differentiates it from generalist early-stage funds.

eLab targets early-stage rounds, including seed and startup phases. Its messaging emphasizes first-check capital, and the firm’s structure appears optimized for direct equity positions rather than later-stage or secondary market participation.

The firm operates from two offices — Ann Arbor, Michigan and San Mateo, California — and sources from both established coastal networks and underrepresented talent pools in the Midwest. Its advisor bench of prominent academic researchers provides additional university and lab-driven deal flow.

No. eLab does not publicly disclose assets under management, fund sizes, or total capital deployed. Its AUM therefore remains undisclosed, consistent with the practice of many early-stage venture firms that do not publicly share fund-level metrics.