# Seneca Ventures

Seneca Ventures is a Venture Capital based in San Francisco & Seattle, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Francisco & Seattle, United States
- **Region:** North America
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** seneca.vc

## Regulatory record

- **Reports private funds:** No

## About

Seneca Ventures, LLC is a US-based investment company headquartered in San Francisco. It pursues a Venture Capital strategy. The firm has one staff member, including one investment professional.

## Sectors

- Early Stage
- Venture Capital

## People

- Janice Fraser — Founding Partner
- Kurt Fisher — Managing Member
- Brittany Shulman — Managing Member

## Questions

### How does Seneca Ventures source deal flow?

Seneca Ventures draws on dual-city access to the San Francisco and Seattle startup ecosystems. Janice Fraser's network and the firm's co-investment history with Eric Ries suggest connectivity to the Lean Startup and broader West Coast founder communities, though the firm does not publicly disclose a formal sourcing program.

### What is the Rose City Income Fund connection, and should allocators care?

Sam Ikkurty, listed as a business partner of Seneca Ventures, operated the Rose City Income Fund, which the CFTC charged as a commodity-pool Ponzi scheme. The relationship introduces a reputational and legal diligence item for any counterparty assessing the Seneca Ventures network. The firm's current legal separation from Ikkurty and the Fund is not publicly detailed.

### Does Seneca Ventures participate in fund commitments or primarily direct deals?

The firm's known activity points to direct venture co-investments alongside individual investors like Eric Ries, rather than fund-of-funds commitments. Its real estate holdings are held directly as well, implying a preference for principal investments over LP positions.

## Related profiles

- [Seneca House Advisors](https://altss.com/profile/seneca-house-advisors)
- [Sénevé Capital](https://altss.com/profile/s-nev-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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