# Gray Ventures

Gray Ventures is a Venture Capital based in Atlanta, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Atlanta, United States
- **Region:** North America
- **Address:** Atlanta, GA, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** www.grayventures.com
- **LinkedIn:** https://www.linkedin.com/company/grayventures

## Regulatory record

- **Reports private funds:** No

## About

Gray Ventures is an Atlanta-based venture capital firm that invests in early-stage software companies in the southeastern United States. The firm focuses on B2B SaaS models serving IT, telecom, and tech-enabled industries, backing seasoned entrepreneurs building disruptive solutions for large, dynamic markets. Through prior funds, it has invested in pre-revenue information technology companies founded by first-time entrepreneurs and operates a fund of funds supporting early-stage venture funds in the Southeast across IT and healthcare.

## Sectors

- Enterprise Software
- B2B SaaS
- Information Technology
- Healthcare

## People

- Arthur M. Blank — Investor
- Doug Gray — Managing Director

## Questions

### Who runs investment decisions at Gray Ventures?

Doug Gray serves as Managing Director and is the primary decision-maker on all investments. The firm operates with a lean team structure, and Gray's personal conviction drives allocations. There is no publicly documented investment committee beyond Gray himself.

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

The firm sources primarily through Gray's multi-decade network within the Southeastern technology ecosystem, particularly among Atlanta-based founders and operators. Gray Ventures does not operate a scout network or formal incubation program in its public model, relying instead on direct founder relationships and regional accelerators.

### Does Gray Ventures participate in fund commitments or only direct deals?

The firm invests exclusively in direct equity positions, primarily common stock at the pre-seed and seed stage. Gray Ventures does not publicly report commitments to third-party venture funds as an LP.

### What investment stages does Gray Ventures typically target?

Gray Ventures concentrates on pre-seed and seed rounds, with initial check sizes estimated between $250,000 and $750,000. The firm maintains reserves for follow-on participation in subsequent priced rounds, though specific reserve ratios are not publicly disclosed.

## Related profiles

- [Grays Peak Capital](https://altss.com/profile/grays-peak-capital)
- [Grazia Equity](https://altss.com/profile/grazia-equity)

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Last updated: 2026-07-10T04:37:38.000Z

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