# SemperVirens Ventures

SemperVirens Ventures is a Venture Capital based in San Mateo, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Mateo, United States
- **Region:** North America
- **Address:** San Carlos, CA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** sempervirensvc.com
- **LinkedIn:** https://www.linkedin.com/company/sempervirens-venture-capital

## Regulatory record

- **CRD number:** 301371
- **SEC file number:** 802-117604
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/301371

## About

SEMPERVIRENS VENTURES LLC is an exempt reporting adviser in San Mateo, CA. The firm is based in California.

## Sectors

- Enterprise Software
- Digital Health
- AI/ML
- InsurTech
- Financial Services

## People

- Rob Carroll — General Partner
- Colin Tobias — General Partner
- Allison Baum Gates — General Partner

## Questions

### Who runs investment decisions at SemperVirens Ventures?

General partners Rob Carroll, Colin Tobias, and Allison Baum Gates make all investment decisions. The firm's ecosystem council of HR and benefits executives provides sourcing and diligence input, but does not have committee voting power. The partnership model keeps decision-making authority with the three GPs.

### How does SemperVirens source its deal flow?

SemperVirens sources primarily through its employer ecosystem council, a curated group of CHROs, benefits leaders, and health plan administrators. These partners surface pain points from their own organizations and refer startups that have demonstrated traction with enterprise buyers. The firm supplements this with traditional venture networks, but the ecosystem council is the structural sourcing engine.

### What stage does SemperVirens typically invest at?

The firm is concentrated at pre-seed and seed stages. SemperVirens writes first-check investments and maintains reserves for follow-on through a dedicated opportunity fund. The fund does not lead growth rounds but participates in early-stage extensions for top-performing portfolio companies.

### Which sectors does the firm focus on, and are there any it explicitly avoids?

SemperVirens invests in workforce technology that spans digital health, financial wellness, insurtech, and AI applications for HR. The unifying theme is technology that serves employees through their employer relationship. The firm generally avoids consumer-direct health businesses without an employer distribution angle and stays away from direct-to-consumer models where the employer is not the primary channel.

### How does SemperVirens create value beyond a capital investment?

The firm's ecosystem partners can pilot portfolio products with their own employee populations, providing real-world product feedback and an enterprise reference customer. The GPs also run programming that connects portfolio founders to benefits buyers at large self-insured employers. This distribution-access model is the firm's core argument for its relevance in competitive seed rounds.

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

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