Adjacent
Early-stage fund investing in internet infrastructure, developer tools, and technical founders building for the long term.
Adjacent is quietly one of the smartest early-stage B2B funds out there, but they're picky as hell. Josh and Amber have real product sense and aren't just throwing money at anything with ARR growth. They actually understand technical products and can give useful feedback, which is rarer than you'd think. The downside? They're small, so don't expect them to lead your Series A or have massive follow-on reserves. But if you want investors who genuinely get B2B software and won't waste your time with dumb questions, they're solid. Just don't expect flashy marketing or big brand recognition to help with recruiting.
- —Best for: Technical B2B founders who want smart, hands-on investors
- —Watch out for: Limited fund size means smaller checks and follow-on capacity
- —Known for: Actually understanding product and having real B2B operating experience
Adjacent invests in early-stage B2B software companies that are 'adjacent' to existing large markets, focusing on verticalized solutions and workflow automation. They look for companies building software that sits alongside existing enterprise tools rather than replacing them entirely.
Seed to Series A B2B SaaS, with a particular focus on vertical software, workflow automation, and infrastructure tools. Portfolio suggests they like companies in the $1M-$10M ARR range with clear product-market fit signals.
Former Jackson Square Ventures partner who led investments in Snapchat and Yelp. Known for his technical background and ability to spot infrastructure plays early. Founders say he's hands-on with product feedback but not pushy.
Former Bessemer Venture Partners principal with deep enterprise software experience. Previously worked at Microsoft and has strong relationships with enterprise buyers. Reputation for being extremely founder-friendly and helpful with sales strategy.
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