Manresa Ventures

Jacob Mullins serves as Founder and Managing Partner and is the primary decision-maker. He established the firm in 2017 after working as a principal at Shasta Ventures. No other general partners have been publicly named, suggesting a sole-GP or concentrated-partner structure typical of early-stage seed funds.

The firm focuses on pre-seed and seed rounds, with initial checks generally ranging from $500,000 to $2 million. Manresa reserves capital for follow-on investments in portfolio companies that reach milestones, but does not lead later-stage rounds.

Manresa does not invest in pure consumer internet, traditional SaaS, or marketplace models. The firm has publicly positioned itself as a specialist in applied AI and software for physical industries — manufacturing, construction, logistics, and healthcare operations — and has maintained that sector boundary since formation.

The firm sources through deep-tech hubs, university research labs, and industry-specific accelerators rather than standard founder-referral networks. Mullins has cited relationships with robotics labs, materials science programs, and manufacturing incubators as primary origination channels, which aligns with the industrial-AI thesis.

Yes. Manresa typically participates in syndicated seed rounds. For example, the firm invested in Mighty Buildings alongside Khosla Ventures, Y Combinator, and Wa'ed Ventures across multiple rounds. The firm does not operate a proprietary co-investor club or structured LP co-investment program.