Incisive Ventures
Seattle pre-seed fund backing B2B technology companies that reduce friction at scale.
🇺🇸 Seattle, Washington · Founded 2020
Checks $250K – $500K·Pre-seed·Leads or follows
Incisive Ventures is a pre-seed fund in Seattle, formed in 2020 and run by Martin Tobias as solo general partner. Tobias is a three-time venture-backed CEO and a former venture partner at Ignition Partners, with earlier roles at Microsoft and Accenture. The firm writes $250K to $500K checks into B2B software founders, with a focus on AI applications, and is often the first institutional check. It invests mainly in the United States and also backs founders elsewhere. Its first fund closed at $10.5M in May 2025.
What they invest in
We back founders who remove friction at scale. We are a pre-seed fund investing in technology companies that reduce friction at scale, often as the first institutional check.
- Check size
- $250K – $500K
- Stage
- Pre-seed
- Role in a round
- Leads or follows
- Fund
- Fund I · $10.5M
- Closed 2025
- B2B software
- AI applications
- Enterprise SaaS
- Fintech
- Health
- United States
- Africa
- India
- Latin America
- Israel
Consumer goods and deep tech.
How to pitch
They read inbound pitches that match the criteria above.
Open to
- Pitches from founders
- Co-investment
Founders can send their startup through the pitch form on the firm's site. The firm leads some rounds and co-invests in others.
Portfolio
Its site lists 81 investments across Fund 1, an Access Fund, a syndicate and an Opportunity Fund. Fund 1 holds 30 pre-seed companies, mostly B2B and AI software. Most are in the United States, with others in Africa, India and Latin America.
Some of the companies they have backed
The portfolio at a glance · 30 companies · 2025–2026 · 2 exits · led 2
Sectors
- Fintech13%
- Health software7%
- AI search optimization3%
- AI writing3%
- Other27%
Stage when they invested
- Seed23%
Where the companies are
- 🇲🇽 Mexico3%
- 🇺🇸 United States3%
30 of the 81 companies on the firm's own investments page, as of Oct 2026. Dates and stages come from Caplight, CB Insights and F4. The site has the full list.
Co-investors and partners
Funds that invested in the same rounds.
