Gutter Capital, an early-stage venture capital firm based in New York City, recently celebrated the closing of its $25 million Fund I. The firm’s focus lies in tackling crucial societal challenges, such as affordability, economic mobility, and climate change. Gutter Capital’s impressive roster of backers includes Fred Wilson from Union Square Ventures, Hunter Walk and Satya Patel of Homebrew, Eileen Murray, former Co-CEO of Bridgewater Group, and various founders of notable companies like Bark, Casper, Honor, Olo, Envoy, and WeWork. Institutional investors like Tiger Global, Bain Capital Ventures, FJ Labs, and Kapor Center Investments have also joined the fund’s limited partners.
Gutter Capital was founded by Dan Teran, Founder of Managed by Q and former WeWork Executive, and James Gettinger, a computer scientist and former professional gambler. The firm’s investment strategy centers on three key mission areas:
- Enhancing the accessibility and affordability of healthcare, housing, and education
- Empowering individuals, entrepreneurs, and small businesses to flourish
- Reducing carbon emissions and helping at-risk communities adapt to a changing climate
With a focus on Software-as-a-service (SaaS) and marketplace businesses, Gutter Capital aims to invest initial checks of $1.5 million.
The founding duo of Teran and Gettinger is joined by Richard Hughes in the role of Operating Partner. Hughes previously led talent acquisition at Primary Venture Partners, Alma, and Managed by Q, where he worked under Teran for more than three years. Gutter Capital places a strong emphasis on building solid founding teams. In 2022 alone, the firm supported 46 of the 89 hires made by Gutter Capital’s portfolio companies.
With the successful closing of its $25 million Fund I, Gutter Capital is now poised to make a significant impact on the industries it targets, supporting businesses that can bring about meaningful change in the areas of affordability, economic mobility, and climate change.