Stateless Ventures

Stateless Ventures

Stateless Ventures operates from San Juan, Puerto Rico, describing itself as a full-stack venture firm run by former founders. The team invests across the entire startup lifecycle, from pre-seed and seed through Series A and late-stage growth rounds. The firm's thesis centers on partnering with founders from the very beginning, leveraging operational experience to navigate early-stage company building. The firm has deployed over $150 million across liquid vehicles, venture, and growth SPVs, per its own disclosures. Its portfolio spans multiple vintage years, with confirmed seed-stage activity as early as 2014 and late-stage participation through at least 2023. Stateless Ventures emphasizes global reach supported by local presence, drawing on a network of investors, operators, and specialists. Geographic and sector concentrations are not publicly detailed. Stateless Ventures frames its value proposition around a team of ex-builders who understand the startup journey firsthand. The firm's public website features a testimonial describing Matt and the Stateless team as "incredibly savvy OG investors in the space" who go beyond capital to provide meaningful support for portfolio companies. No additional offices, philanthropic vehicles, or club memberships are disclosed. A structural differentiator is the firm's hybrid posture: it blends liquid-vehicle investing with direct venture and growth SPVs under one roof, a configuration less common among early-stage-focused venture managers. Operating from Puerto Rico rather than a traditional US venture hub adds a distinct jurisdictional layer to its investment footprint.