Bedrock
Bedrock is a San Francisco-based venture capital firm founded in 2018 by Geoff Lewis, investing in "narrative violation" companies whose trajectories diverge from market consensus. The firm manages ~$2B AUM and leads Series A through C rounds with $5M-$50M checks.
- Company typePrivate
- Founded2018
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Bedrock does
Bedrock is a San Francisco-based venture capital firm founded in March 2018 by Geoff Lewis. The firm invests with a "narrative violations" thesis, deploying capital into companies whose trajectories diverge from prevailing market consensus — examples include early positions in OpenAI, Bitcoin, Rippling, Flock Safety, Vercel, and defense-tech company Mach Industries. Bedrock leads Series A through C rounds with check sizes ranging from $5M to $50M, and has grown assets under management from approximately $127M at inception to roughly $2B. The firm operates from offices in San Francisco, Los Angeles, and Washington D.C., with a deliberately small team of 1-10 employees, and its portfolio spans consumer, enterprise software, defense, and crypto categories.
The firm's business model follows standard VC economics: it raises capital from limited partners, charges management fees on committed capital (industry-standard 1.5-2% annually), and earns carried interest on profitable exits. Realized exits to date include Lyft and Nubank. Bedrock's go-to-market with founders is differentiated by its thesis-driven, high-conviction posture and willingness to lead rounds in non-consensus categories where generalist capital is scarce. With limited partners, the firm competes on track record and brand rather than scale; the small partner count is itself a positioning signal.
Operationally, Bedrock has expanded its institutional capacity through leadership additions (e.g., Chief Legal and Governance Officer Michael Liftik in September 2025) and geographic expansion into Washington D.C., consistent with its defense-tech conviction thesis. Recent activity includes leading Mach Industries Series B ($100M, June 2025) and Series C ($300M at $1.8B valuation, June 2026), and the TensorZero seed ($7.3M, August 2025).
Bedrock firmographics
Firmographics- Name
- Bedrock
- Legal name
- Bedrock Fund Management, LLC
- Website
- https://bedrockcap.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Bedrock is a San Francisco-based venture capital firm founded in 2018 by Geoff Lewis, investing in "narrative violation" companies whose trajectories diverge from market consensus. The firm manages ~$2B AUM and leads Series A through C rounds with $5M-$50M checks.
- Ownership category
- akta.pro rank
Bedrock industry classification
Industry- Product category
- Venture Capital
- NAICS
- All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Bedrock is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Bedrock business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Venture Capital Fund Management: Bedrock generates returns through equity ownership in portfolio companies. As a VC firm, they invest in early to growth-stage technology startups and realize returns through exits (acquisitions, IPOs) or secondary sales.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Bedrock product offering
Product offeringCore offering
Bedrock is a venture capital firm that invests equity capital in early- to growth-stage technology startups, primarily leading Series A, B, and C rounds with individual check sizes between $5 million and $50 million. The firm pursues a "narrative violations" investment thesis, targeting companies that are incongruent with popular market narratives and therefore systematically underestimated by other investors. Bedrock also makes occasional smaller seed investments and reserves significant capital for follow-on funding in existing portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Lead Equity Investment (Series A, B, and C) Primary investment product where Bedrock leads funding rounds in early- to growth-stage technology startups, deploying $5M to $50M of equity capital in exchange for ownership stakes. Intended for founders of technology companies that do not fit prevailing market narratives.
- Seed Stage Investment Smaller, occasional equity investments in seed-stage technology startups that align with Bedrock's narrative violations thesis. Intended for very early-stage founders pursuing contrarian opportunities.
- Follow-On Capital Reserve Reserved follow-on capital commitments allocated to existing portfolio companies in subsequent financing rounds, allowing Bedrock to maintain ownership positions and support continued growth. Available to founders of companies already in the Bedrock portfolio.
Quantifiable outcome
- Bedrock has made over 50 investments including successful exits in Lyft (IPO), Nubank (NYSE: NU), and others
Companies that use Bedrock
Customer profileNamed customers7 records
Segments1 record
Ideal customer profiles1 record
Bedrock technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bedrock partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- K&D GroupminorK&D Group is a real estate developer in Cleveland that has worked alongside Bedrock on adaptive reuse projects converting historic buildings to apartments.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Bedrock competitors and assessment
Company assessmentDirect peers
- Lightspeed Venture Partners: Lightspeed is a direct peer — a multi-stage venture firm writing comparable check sizes across consumer, enterprise, and infra. Bedrock and Lightspeed frequently co-occur in rounds and compete for similar Series B/C opportunities.
- Coatue Ventures: Coatue is a direct peer in the growth-stage venture category, particularly relevant for consumer/infrastructure software rounds where Bedrock's Vercel and Rippling bets compete for capital. Comparable fund size, stage focus, and check size band.
- Greenoaks Capital Partners: Greenoaks is a direct peer known for concentrated, high-conviction, long-duration positions in growth-stage tech companies. Bedrock's approach of writing larger checks with reserved follow-on capital closely mirrors Greenoaks' ownership-oriented model.
- Founders Fund: Founders Fund is the most comparable direct peer — both are thesis-driven, contrarian-leaning early/growth-stage VCs that explicitly invest against consensus narratives. Bedrock's 'narrative violations' framework closely mirrors Founders Fund's 'founder-friendly, contrarian' identity and concentrated-check approach.
- Khosla Ventures: Khosla Ventures is a direct peer — an early/growth-stage VC with concentrated, thesis-led bets across AI, defense-tech, and frontier technology. Led Mach Industries' Series B alongside Bedrock, demonstrating overlapping investment themes and syndicate behavior.
- First Round Capital: First Round Capital led TensorZero's seed round with Bedrock participating; both are stage-focused VCs known for concentrated, high-conviction seed and Series A investing. Comparable in check size, founder-friendly orientation, and product-led thesis approach.
- IVP (Institutional Venture Partners): IVP is a direct peer in late-stage growth venture, writing comparable check sizes and competing for the same Series B/C rounds that Bedrock targets with its $5M-$50M check range. Both prioritize ownership and board influence in portfolio companies.
- General Catalyst: General Catalyst is a direct peer in the growth-stage venture category, writing similar check sizes ($5M-$50M+) and competing for the same AI, fintech, and infrastructure rounds. Comparable in fund size, stage focus, and institutional LP base.
Broad incumbents
- Sequoia Capital: Sequoia is a repeat co-investor with Bedrock across Mach Industries and other portfolio rounds, and is the archetypal large, multi-stage venture incumbent. Comparable as a counterparty in syndicates and as a benchmark for category leadership in tech venture.
- Andreessen Horowitz: a16z is a tier-1 incumbent that has co-invested with Bedrock in Flock Safety and shares exposure to many of the same AI and developer-infrastructure themes. While much larger and broader, a16z represents the scale end of the venture spectrum where Bedrock aspires to compete for category-defining rounds.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
Bedrock social profiles
Digital presenceBedrock financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bedrock leadership team
Management profileNumber of profiles
Profiles7 records
Bedrock funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bedrock M&A and investment
M&A and investmentM&A
Investments74 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bedrock
What does Bedrock do?
Bedrock is a venture capital firm that invests equity capital in early- to growth-stage technology startups, primarily leading Series A, B, and C rounds with individual check sizes between $5 million and $50 million. The firm pursues a "narrative violations" investment thesis, targeting companies that are incongruent with popular market narratives and therefore systematically underestimated by other investors. Bedrock also makes occasional smaller seed investments and reserves significant capital for follow-on funding in existing portfolio companies.
Is Bedrock a public or private company?
Bedrock is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bedrock founded?
Bedrock was founded in 2018. It employs 1 to 10 people.
Where is Bedrock based?
Bedrock is headquartered in Los Angeles, United States, in the North America region.
How does Bedrock make money?
One revenue line is on record: venture Capital Fund Management.
Who are Bedrock's main competitors?
Direct peers on record are Lightspeed Venture Partners, Coatue Ventures, Greenoaks Capital Partners, Founders Fund, Khosla Ventures, First Round Capital, IVP (Institutional Venture Partners) and General Catalyst. Broad incumbents are Sequoia Capital and Andreessen Horowitz.
Does Bedrock have an API?
No public API is recorded for Bedrock.
What industry is Bedrock in?
Bedrock's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52399 and its SIC code is 6282.