Script Capital (fka 122West Ventures), a San Francisco, CA-based pre-seed venture capital firm, has launched its $38M second fund.
Led by founding partners AJ Solimine and Evan Tana, Script Capital works with founders from day one of their journey to help navigate the challenges of finding early product-market fit. The fund partners with founders building web3, data, collaboration, community & identity products.
Additionally, Script Capital is introducing their Community Data project, an open-data platform for founders. The first tool they released is a database of investors to assist founders with identifying the right fundraising partners. The Community Data investor data is free, exportable and community-curated. Founders can compile lists of target investors and export data into Airtable, Notion or Google Sheets to run their process.
Their inaugural fund, which operated under the name 122West Ventures, was an $8M fund closed in 2017. Just four years in, this first fund is marked up over 5x and has already distributed over 100% back to investors. The portfolio includes early investments in The Graph ($GRT), Audius ($AUDIO), Material Security, Poparazzi, TrueNorth, Transcend, Karat Financial, Sqreen (acquired by DataDog), among many others. Portfolio companies in their first fund have collectively raised over $600M+ in follow-on funding with an aggregate valuation over $7B.