Craft Ventures
San Francisco venture capital firm founded in 2017 by David Sacks and Bill Lee that invests in software, marketplace, security and AI companies. It filed in August 2026 for a fifth fund.
Industry: Venture capital | Location: San Francisco, United States | Founded: 2017
About Craft Ventures
Craft Ventures is a venture capital firm headquartered in San Francisco. Its website describes a team of senior operators and investors whose goal is to help founders build companies, with former founders and operators giving portfolio companies access to experienced talent. TechStartups reported in August 2026 that the firm also has an office in Austin.
David Sacks and Bill Lee founded Craft Ventures in 2017, according to Wikipedia and Angel Investors Network. Sacks previously founded Yammer and was on the early PayPal team. Craft's team page lists Sacks as a partner, Mark Woolway as president, Brian Murray as partner and chief operating officer, and Michael Robinson as partner and head of the investment team. Lee, Jeff Fluhr, the StubHub founder, and Sky Dayton, the EarthLink founder, appear as venture partners; Wikipedia says Fluhr and Dayton joined in 2018.
The website's portfolio highlights include Replit, Supabase, Glean, Horizon3.ai, Norm Ai, Upwind, OpenEvidence and Allen Control Systems, and it lists Anduril, ElevenLabs and ClickUp among other investments. Exits it notes include the IPOs of Eventbrite in September 2018, Airbnb in December 2020, Affirm in January 2021 and BitGo in January 2026.
Wikipedia lists Craft Ventures I at $350 million, Craft Ventures II at $500 million in 2019, Craft Ventures III at $612 million and Craft Ventures Growth I at $510 million in 2021, and Craft Ventures IV at $712 million and Growth II at $608 million in 2023. TechStartups put assets under management at about $3.3 billion in 2023.
TechScoop reported on 1 July 2026 that Craft was among the investors in 8090's $135 million Series A, led by Salesforce Ventures. Craft's website also lists partnerships with ASI and Noetive.
On 7 August 2026 Craft Ventures V, LP filed an SEC Form D, signed by Woolway. The filing lists an indefinite offering amount and no capital sold as of that date. The Information reported a target of about $1 billion, according to TechStartups.
Leadership
- Bill Lee, Co-founder and Venture Partner
- Mark Woolway, President
- Brian Murray, Partner and Chief Operating Officer
- Michael Robinson, Partner, Head of Investment Team
- Jeff Fluhr, Venture Partner
- Sky Dayton, Venture Partner