xSquared Ventures

Investment decisions are made by General Partners Dilip Kumar and Andrew Fuller, both former operators at major tech companies. The firm's lean structure means both partners are actively involved in every deal from sourcing to post-investment support.

The firm invests primarily at the seed and Series A stages, with check sizes typically between $5 million and $15 million. xSquared leads or co-invests in rounds and takes board seats in most portfolio companies.

xSquared focuses on B2B enterprise software, fintech, digital health, and AI/ML. The firm avoids consumer, cleantech, and capital-intensive hard tech, preferring scalable business models with recurring revenue or network effects.

The firm leverages its binational Austin-Dubai presence for proprietary access to startups bridging the US and Middle East. Deal flow also comes from the partners' operating networks at Google, McKinsey, and Stripe, as well as relationships with accelerators and other venture firms.

There is no publicly disclosed separate philanthropic foundation or vehicle. The firm's impact strategy is limited to supporting portfolio companies that address sustainability or access gaps, such as Ro in digital health.

xSquared Ventures co-invests alongside institutional investors and other venture firms, often participating in syndicated rounds led by larger fund managers. The firm's network of family offices and HNW LPs also provides a co-investment base for follow-on rounds.

xSquared Ventures is an independent venture capital firm with no current corporate parent. The founders' prior roles at Google, McKinsey, and Stripe provide operational expertise but do not constitute a formal affiliation.