# Innovation Endeavors

Innovation Endeavors is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** innovationendeavors.com
- **LinkedIn:** https://www.linkedin.com/company/innovation-endeavors

## Regulatory record

- **CRD number:** 170740
- **SEC file number:** 802-79767
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/170740

## About

Innovation Endeavors III Advisers is an exempt reporting adviser in Palo Alto, CA, established in 2018. It advises on investment strategies.

## Sectors

- AI/ML
- Enterprise Software
- ClimateTech
- AgriTech & FoodTech
- Robotics & Automation
- SpaceTech
- FinTech
- Cybersecurity
- Digital Health
- Mobility & Transportation
- Quantum Computing

## Offices

- San Francisco
- Menlo Park
- Hamburg

## People

- Eric Schmidt — Founding Partner
- Dror Berman — Founding Partner
- Scott Brady — Founding Partner
- Rick Scanlon — Founding Partner
- Harpi Singh — General Partner
- Davis Treybig — General Partner

## Questions

### Who runs investment decisions at Innovation Endeavors?

The investment committee is led by Co-Founder and Managing Partner Dror Berman, alongside Managing Partner Rick Scanlon and Partners Scott Brady and Harpinder Singh. Eric Schmidt serves as Co-Founder and Chairman, providing strategic oversight and network leverage but not day-to-day investment execution. Decisions are made by the partnership group collectively, with individual partners leading deal sourcing within their domain expertise.

### How does Innovation Endeavors source proprietary deal flow?

The firm operates a proprietary network called Supernode — a curated group of several hundred senior engineers and product leaders at major technology companies. These operators surface early signals on emerging technologies, conduct technical diligence, and provide warm introductions to founders who are still in stealth or academic labs. This engineer-centric sourcing model is designed to find deals before they reach broader venture markets, particularly in fields like applied AI, synthetic biology, and computational health.

### What is Innovation Endeavors' known posture on co-investments alongside external GPs?

Innovation Endeavors co-invests regularly and views syndication as normal, particularly in later-stage rounds where capital requirements exceed a single fund's capacity. The firm has co-invested alongside funds such as Sequoia Capital, Bessemer Venture Partners, and General Catalyst, among others. It does not operate a formal co-investment vehicle for LPs — co-investment in this context refers to co-lead or syndicated rounds with peer venture firms.

### What investment stages does Innovation Endeavors typically target?

The firm focuses on early-stage companies, primarily Seed, Series A, and Series B rounds. Initial check sizes range from $2 million to $15 million, with reserves allocated for follow-on investments in later stages up to $50 million or more. The strategy is concentrated — the firm makes roughly 8 to 12 new commitments per fund vintage, aiming for high ownership and deep engagement rather than portfolio breadth.

### Which sectors does Innovation Endeavors explicitly avoid?

The firm has explicitly stated it avoids consumer internet, social media, advertising technology, and crypto or blockchain-native plays — areas where network effects or marketing spend are the primary competitive moats. The thesis is built around hard engineering and scientific risk, so asset-light aggregator models and trend-driven consumer apps sit outside the stated investment mandate.

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- [ABG Sundal Collier](https://altss.com/profile/abg-sundal-collier)
- [Industria & Finanza](https://altss.com/profile/industria-and-finanza)

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Last updated: 2026-08-14T12:30:00.000Z

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