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Unorthodox Ventures
Unorthodox Ventures is an early-stage venture capital firm focused on companies producing branded goods.
Unorthodox Ventures
Unorthodox Ventures is an early-stage venture capital firm focused on companies producing branded goods. The firm has made 28 investments, including a Series E investment in Supira Medical on March 26, 2025. Unorthodox Ventures has 2 portfolio exits, with Firmus exiting on September 04, 2025.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Austin
Corporate office
Austin, TX, United States
Frequently asked questions
Who runs investment decisions at Unorthodox Ventures?
Carey Smith, the firm's founder, makes all investment decisions. Smith previously founded and led Big Ass Fans, which he grew from a niche industrial manufacturer into a globally recognized brand before exiting. His operating background shapes every investment the firm makes — Smith invests exclusively in areas where his manufacturing and supply-chain expertise applies directly.
How does Unorthodox Ventures differ from a traditional venture capital firm?
Unorthodox Ventures operates as a permanent capital vehicle rather than a fund with a fixed 10-year lifecycle. The firm provides hands-on operational support in manufacturing, supply chain, and distribution rather than just capital. This hybrid operating-company-plus-investment-arm structure reflects Smith's experience scaling Big Ass Fans, where he learned that physical-product startups fail more often from operational problems than from lack of funding.
Does Unorthodox Ventures invest in software companies?
No. The firm invests exclusively in companies that make physical products — hardware, consumer packaged goods, apparel, and manufactured goods. This deliberate exclusion of software and pure-play technology companies is a defining feature of the firm's mandate and reflects Smith's conviction that his operational expertise provides a real competitive advantage only in tangible product categories.
What investment stages does Unorthodox Ventures target?
The firm targets early-stage to growth companies that have already demonstrated product-market fit and are ready to scale manufacturing and distribution. Unorthodox Ventures typically avoids pre-revenue or concept-stage companies. The firm deploys capital at the inflection point where operational expertise in supply chain and production can most meaningfully influence the trajectory of the business.
What is Unorthodox Ventures' approach to co-investment and syndication?
The firm's public record does not indicate a structured co-investment program or formal syndication partnerships. Unorthodox Ventures tends to lead rounds for its portfolio companies and operates with a concentrated portfolio model. Smith's permanent capital structure gives the firm flexibility to invest without coordinating with outside limited partners or co-investors.
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