# FOG Ventures

FOG Ventures is a Venture Capital based in San Francisco, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.fog.ventures
- **LinkedIn:** linkedin.com/company/fog-llc

## Regulatory record

- **CRD number:** 330017
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/330017

## About

FOG Ventures is the investing arm of Operators Guild (OG), a global community of tech operators. FOG stands for For Operators Guild and was created to invest in and support founders building the modern operator tool stack for roles such as CEO, CFO, COO, People/Talent, Biz Ops, Strategy, and RevOps. As active operators, FOG invests in products its members actually use and gives founders access to customers and talent. The firm is stage-agnostic and category-focused on B2B software, infrastructure, and AI.

## Sectors

- Enterprise Software

## Questions

### How does FOG Ventures source proprietary deal flow?

The firm sources deals through its 1,500 operator LPs, who are active software buyers and builders. These operators identify products they use and love, then refer those companies into the fund. FOG claims to have made over 3,000 introductions between its network and portfolio companies, making the LP base the primary origination channel.

### Is FOG Ventures structured as a traditional venture capital firm?

FOG operates with a hybrid model that blends a traditional venture fund with an operator syndicate. The firm's core differentiation is its "Power Zone" of 1,500 operator LPs who provide strategic value beyond capital. While it makes direct investments, the community-sourcing and diligence model sets it apart from standard institutional VC firms.

### What investment stages does FOG Ventures target?

FOG targets early-stage B2B software companies. The firm positions itself as a partner from the earliest stages of commercialization, where its operator introductions can have the most impact on a startup's initial enterprise sales trajectory. Specific series-level check sizes are not publicly disclosed.

### Which sectors does FOG Ventures avoid?

FOG Ventures focuses exclusively on B2B software, implying it avoids consumer technology, deep tech, hardware, and life sciences. Within enterprise software, the firm has no stated sector-specific exclusions, preferring to let its operator LPs' purchasing patterns dictate where it deploys capital.

## Related profiles

- [FOG Software Group](https://altss.com/profile/fog-software-group)
- [Foley Ventures](https://altss.com/profile/foley-ventures)

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Last updated: 2026-08-11T15:06:49.768Z

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