Calibrate Ventures Raises $97M Fund II

Calibrate Ventures

Calibrate Ventures, a Pasadena, CA-based venture capital firm, raised $97m in new funds.

Calibrate Fund II will continue the firm’s track record of investing in early-stage AI and automation startups rapidly transforming industries such as education, healthcare, logistics, law, financial services, manufacturing, and transportation.

The firm invests early in Seed or Series A companies, then partners with founders all along their growth journeys by providing hands-on guidance for go-to-market, marketing and communications, business development, and sales strategy.

This vehicle is over 20% larger than the firm’s fully-invested first fund, which backed AI and automation leaders such as Built Robotics, Embodied, FarmWise, Soft Robotics, Talage, and TruckLabs, as well as HealthTensor, Parallel Domain, and Trellis.

Founded in 2017 by Managing Partners Kevin Dunlap and Jason Schoettler, Calibrate has grown its own investment team in the last two years, welcoming three new venture partners, Aimée Leifer, Paolo Pirjanian, and Daniel Murray; hiring Carrie Zawistowski as vice president of portfolio finance; and bringing on strategic operators to provide value-added portfolio services.