Ozone Ventures

Ozone Ventures sources through O3's digital product consulting pipeline. The parent agency works with over 100 organizations on AI strategy, experience design, and software engineering, creating a proprietary view into early-stage technical teams before they formally fundraise. This operating adjacency functions as a built-in diligence filter — O3's teams evaluate code quality, product architecture, and user experience design in real client engagements before the ventures arm considers an investment.

Ozone Ventures is a captive venture division of O3, not a separately capitalized fund. Investment capital comes from the parent consultancy's operating income rather than third-party limited partners. This means Ozone Ventures does not report a fund size, does not charge management fees, and is not subject to standard LP-GP governance. Allocators evaluating this vehicle should treat it as a proprietary capital investor with an agency-services origination engine.

Investment decisions sit with O3's co-founders, Mike Gadsby (Chief Innovation Officer) and Keith Scandone, along with Managing Director Justin Handler. There is no separate investment committee or dedicated venture team disclosed. The same leadership runs the consulting business, meaning portfolio decisions are made by operators who manage client engagements and can directly assess technical execution quality.

Ozone Ventures targets pre-seed and seed-stage companies where AI and digital product design are central to the business model. The firm's operating lens favors technical founders building software products with measurable user experience and engineering quality metrics — areas where O3's consulting teams provide diligence that financial VCs typically outsource. Growth-stage or later-stage checks are not part of the disclosed strategy.

The firm has not publicly disclosed its governance posture on portfolio company boards or its typical ownership percentage. Given the captive capital structure and early-stage focus, checks are likely structured as minority equity investments without lead-investor board rights, but this is not confirmed through primary sources. Allocators should inquire directly about governance and pro-rata rights when evaluating co-investment opportunities.