OVO Fund

Investment decisions are led by Managing Partner Eric Chen. The firm's small team suggests a flat, concentrated decision-making structure, though the firm has not publicly detailed its internal investment committee process.

OVO uses the term to describe backing founders before they have a product, customers, or even a fully articulated narrative. This pre-seed stage is earlier than most institutional seed funds will engage, often representing the first outside capital a founder raises.

OVO emphasizes its role as a partner to founders from the very earliest stage, citing its advisory network and its reputation for writing first checks as primary sourcing channels. The Managing Partner has personally conducted hands-on due diligence, such as visiting a portfolio company's first retail store in person.

The firm acts as a first-check investor, which typically implies a lead or co-lead role in the earliest rounds. Its website features founders who note OVO was their first institutional investor, providing conviction before any other fund had committed.

The firm's disclosed focus sectors are Applied AI, enterprise tech, fintech, digital health, consumer, and Web3. It has made no public statement about sectors it explicitly avoids, though its portfolio suggests a software-centric, asset-light bias.