Hannah Grey

Founding Partners Kate Beardsley and Jessica Peltz-Zatulove share investment committee authority. Both brought prior institutional venture experience — Beardsley from BDMI and Peltz-Zatulove from Comcast Ventures — before launching Hannah Grey in 2019. The firm maintains a flat decision structure without external investment committee members, which allows the two partners to converge rapidly on term sheets during competitive seed rounds.

The firm concentrates on pre-seed and seed stages exclusively, typically entering as a lead or co-lead at the point of first institutional capital. Hannah Grey does not pursue Series A primary rounds, though it reserves capacity for follow-on investments in existing portfolio companies demonstrating strong unit economics. This stage discipline is core to the fund's return model — entering early enough that valuation multiple compression risk is mitigated by entry price.

The firm's Denver headquarters anchors a sourcing network deliberately built across emerging tech geographies rather than relying on proprietary deal flow from Sand Hill Road. Beardsley and Peltz-Zatulove leverage combined networks from their prior institutional roles, founder referrals, and deep relationships with regional accelerator programs. Sourcing emphasizes technical founders who are building in industries the partners know from operational experience, not just warm introductions from established venture syndicates.

No. Hannah Grey explicitly targets enterprise technology companies — middleware, API infrastructure, vertical SaaS, and B2B platforms that sell into legacy industries. The firm does not invest in consumer internet, social media, DTC brands, or hardware-heavy businesses. This enterprise-only mandate distinguishes the fund from generalist seed vehicles that oscillate between consumer and enterprise based on market cycles.

Hannah Grey operates as a traditional venture capital partnership, not a family office or corporate venture arm. The two founding partners control fund strategy and investment decisions, with a lean team model that keeps diligence and portfolio support close to the decision-makers. External limited partners provide committed capital through closed-end fund vehicles, a standard institutional structure for early-stage venture managers.

Hannah Grey actively co-invests alongside other early-stage funds and often syndicates rounds with institutional seed managers who share enterprise domain expertise. The firm is comfortable taking co-lead positions when the syndicate aligns around enterprise go-to-market strategies. While they can lead rounds solo, their model prefers at least one complementary institutional co-investor who can add sector-specific operating value to the cap table.

While headquartered in Denver, Hannah Grey invests across North American technology hubs outside the traditional Bay Area concentration. Active sourcing covers the Mountain West, Midwest, Southeast, and Pacific Northwest, with demonstrated willingness to invest wherever enterprise technical talent clusters at reasonable cost bases. The firm does not invest in companies headquartered outside North America.