Spice Capital

Founder and Managing Partner Maya Bakhai leads all investment decisions. The firm's small team includes an AI-focused chief technology officer and a creative director, suggesting that technical and brand diligence are brought in-house rather than outsourced to external advisors.

Spice targets pre-seed and seed rounds, describing itself as a founder's first institutional 'yes.' The firm has not publicly indicated participation in Series A or later-stage rounds, concentrating its capital and attention on the earliest phase of company formation.

The portfolio reveals a deliberate absence of enterprise SaaS and traditional B2B software companies. Spice's disclosed investments cluster around consumer internet, the creator economy, fintech, health and wellness, deep tech, and blockchain — categories where the end-user is an individual rather than a corporate buyer.

Spice has not publicly detailed a follow-on reserve policy. Its portfolio includes exits to Coinbase and Front, indicating that the firm maintains relationships beyond the initial check, but the extent of pro-rata or super pro-rata participation is not disclosed.

The firm's website and positioning suggest sourcing through a combination of Bakhai's personal network in consumer internet and the creator economy, as well as inbound from founders who resonate with Spice's thesis of building for internet-native audiences. No formal scout program or institutional sourcing partnerships are publicly listed.