# Yugen Partners

Yugen Partners is a Venture Capital based in New York, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2018
- **Assets under management:** <$100M (Altss estimate)
- **Website:** www.yugenpartners.com
- **LinkedIn:** https://www.linkedin.com/company/yugen-partners

## Regulatory record

- **Reports private funds:** No

## About

Yugen Partners is a blockchain-focused investment firm. It offers institutional clients access to the emerging blockchain space through commingled and customized portfolio solutions. The firm has made six investments, including a Series A investment in Aikon on September 29, 2022, and has one portfolio exit, Lucidity, on September 23, 2021.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- Industrial Tech
- PropTech

## People

- David Fogel — Managing Partner

## Questions

### Who makes investment decisions at Yugen Partners?

David Fogel, the firm's founder and Managing Partner, is the central investment decision-maker. Yugen operates as a solo-GP fund structure, meaning Fogel holds investment authority without a formal investment committee. His operating background in technology companies informs the firm's emphasis on hands-on company building over passive portfolio management.

### What is Yugen Partners' typical check size and ownership target?

Initial checks range from $500K to $2M at the pre-seed and seed stages. The firm prefers to lead or co-lead rounds, aiming for meaningful ownership stakes rather than participating with small follow-on allocations. This concentrated approach aligns with a conviction-led portfolio construction strategy.

### Does Yugen Partners have a sector specialization?

Yugen invests across enterprise software, industrial technology, fintech, digital health, and applied AI. The unifying thread is deep technical complexity — the firm looks for founders solving hard engineering problems where domain expertise creates a defensible moat. There is no single vertical mandate, but the portfolio leans toward B2B models.

### How does Yugen source its deals?

Deal flow originates primarily through David Fogel's personal network across the New York startup ecosystem, repeat founder referrals, and relationships with co-investors such as Lerer Hippeau and BoxGroup. The firm does not rely on a systematic outbound or thematic sourcing engine, instead filtering through the lens of practitioner credibility.

## Related profiles

- [Yu Galaxy](https://altss.com/profile/yu-galaxy)
- [Yuhua Capital](https://altss.com/profile/yuhua-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/yugen-partners

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