Venture Capital

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TomorrowVentures

TomorrowVentures is a seed and early-stage venture capital firm founded in 2009. It focuses on technology investments. The firm has made 78 investments,...

TomorrowVentures logo

TomorrowVentures

TomorrowVentures is a seed and early-stage venture capital firm founded in 2009. It focuses on technology investments. The firm has made 78 investments, including a Series C investment in Roadie on February 25, 2019. TomorrowVentures has 23 portfolio exits, with EverFi exiting on January 03, 2022.

General information

Firm type

Venture Capital

Year founded

2009

Location

Region

North America

Country

United States

City

Palo Alto

Corporate office

Palo Alto, CA, United States

Principals

Eric Schmidt

Founder

Sector focus

Enterprise SoftwareAI/MLSpaceTechDigital HealthClimateTech

Frequently asked questions

How is TomorrowVentures different from Schmidt Futures or the Schmidt Family Foundation?

TomorrowVentures is a for-profit investment vehicle that deploys Eric Schmidt's personal capital into venture-stage companies. The Schmidt Family Foundation, founded in 2006, focuses on environmental and social grant-making, while Schmidt Futures is a philanthropic initiative supporting scientific research and talent development. The three entities operate with separate mandates, governance, and capital pools.

Who runs investment decisions at TomorrowVentures?

Eric Schmidt is the founder and ultimate decision-maker, though the operating team structure is not publicly disclosed. Schmidt's direct involvement is inferred from his personal capital commitment and the firm's reliance on his technology network for deal sourcing. The firm has not named a separate CEO or CIO in public filings or communications.

Does TomorrowVentures accept outside capital?

TomorrowVentures is structured around Eric Schmidt's personal capital and does not publicly solicit outside limited partners. This single-balance-sheet model distinguishes it from a traditional venture fund, though the exact legal structure — whether a family office exempted from registration or a registered investment adviser — is not publicly confirmed.

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