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186 Ventures

Boston, MA186-VENTURES
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Dossier Summary

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Classification
Slug186-ventures
HQBoston, MA
Stage FocusSeed to Series A B2B software, with a strong lean toward …
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

186 Ventures is a solid, no-drama fund that actually understands B2B software beyond just writing checks. Their partners have real operating chops and tend to be genuinely helpful post-investment without being overbearing. They're particularly strong at helping companies navigate the messy middle between seed and Series A. The downside? They're not going to get you into exclusive deal flow or open doors at enterprise customers the way bigger-name funds might. But if you want investors who will roll up their sleeves and help you figure out your sales motion, they're worth talking to.

KEY TAKEAWAYS
  • Best for: B2B software founders who want hands-on help with go-to-market strategy
  • Watch out for: Limited brand recognition compared to tier-1 funds for customer introductions
  • Known for: Actually understanding enterprise software and being useful post-investment
Investment Thesis

186 Ventures focuses on early-stage B2B software companies, particularly in vertical SaaS, fintech, and healthcare tech. They claim to leverage their operating experience to help founders scale from initial product-market fit to Series A and beyond.

Stage & Sector Focus

Seed to Series A B2B software, with a strong lean toward vertical SaaS platforms. Portfolio shows real conviction in fintech infrastructure, healthcare workflow tools, and industry-specific automation. Typical check sizes $500K-$2M.

Notable Portfolio
RampMosaicNorthbeamKandjiPodscribeSweepRibbon HealthAgentSync
Key Partners
Jason Fiedler
Managing Partner

Former operator turned investor with experience at Battery Ventures. Known for his focus on enterprise software and helping portfolio companies with sales strategy. Founders describe him as hands-on but not micromanaging.

Jon Lehr
Managing Partner

Previously at Work-Bench and seed-stage investing background. Has a reputation for being deeply technical and good at early product strategy. Portfolio companies say he's particularly helpful during technical diligence processes.

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