Chamaeleon

What Chamaeleon does

Chamaeleon is an early-stage venture capital firm incorporated in Delaware as Chamaeleon LLC, headquartered in San Francisco / Silicon Valley with maintained offices in Europe. Founded in 2021, the firm invests globally at the Series Seed and Series A stages with first checks between $1–5 million, and discloses 21 portfolio companies spanning AI infrastructure (Eridu AI, Deepinfra), crypto (Mysten Labs), gaming (Talofa Games, Spekter Games, Bonfire Studios), SaaS and tools (Jelled, Let's Enhance, Truleo, Coop, Dirty Labs), marketplaces and labor (WorkWhile, One Roof, Chaindrop), and other verticals. Investment focus is product-led companies with technology differentiation, primarily in the US and Europe but open globally. The firm prefers to lead or co-lead rounds.

Chamaeleon's central operating asset is MANTIS, a proprietary AI and quantitative engine that the firm describes as analyzing millions of companies across thousands of data points per company. MANTIS is paired with a human-in-the-loop process combining the team's investment experience with in-house models, data, and technology to drive deal sourcing, screening, and diligence. The firm complements this internal stack with KIN, a curated community of entrepreneurs, executives, and investors — including the co-founders of Keepsafe, Disqus, and App Annie — that extends its sourcing and value-add network beyond the seven-person core team. Distribution is direct: investment capital is deployed into portfolio companies via private transactions, with brand-building through social media, the UnRestricted annual conference, and thought-leadership content such as the Gen-Z Cheat Sheet.

The firm earns revenue through the standard VC model: recurring management fees charged on committed capital from limited partners, and performance-based carried interest earned on investment returns from portfolio exits. Management fee and carry terms are negotiated privately with LPs and are not publicly disclosed. Pricing, AUM, fund size, and exit data are not in the public materials reviewed.

Name

Chamaeleon

Legal name

Chamaeleon LLC

Website

https://www.chamaeleon.vc

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Chamaeleon is an early-stage Silicon Valley venture capital firm investing globally at Series Seed and Series A with first checks of $1–5 million. It differentiates via MANTIS, a proprietary AI-driven investment engine, and the KIN network of operators and founders.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Single-Manager, Multi-PM (FSAHAFAB)

akta.pro secondary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Early-stage venture capital
• AI-driven investment analysis
• Seed and series A investing
• Venture capital firm
• Portfolio company investments

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: VC firms typically charge management fees on committed capital from LPs
2. Carried Interest (Carry): Performance-based fees earned on investment returns when portfolio companies achieve exits through IPO or acquisitions

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Chamaeleon is an early-stage venture capital firm that invests in transformative companies at Series Seed and Series A stages with first checks of $1-5 million USD. Its investment strategy is powered by MANTIS, a proprietary AI and quantitative engine that analyzes millions of companies across thousands of data points per company to source and evaluate deals. The firm is based in Silicon Valley with European offices and primarily targets US and European product-led startups with technology differentiation.

Product overview

Chamaeleon is an early-stage venture capital firm that operates a single core proprietary offering called MANTIS — an AI-driven investment strategy platform. MANTIS serves as Chamaeleon's primary competitive advantage, powering their investment decision-making process by analyzing millions of companies across thousands of data points using advanced quantitative models. The firm focuses on Series Seed and Series A investments with first checks between $1-5 million USD, primarily in the US and Europe. Their investment approach is supplemented by the KIN community — a network of entrepreneurs, operators, and investors who have worked with or alongside the firm.

Differentiator

Problem solved

Functional benefit

Brands

• MANTIS: Chamaeleon's proprietary AI and quantitative engine that analyzes millions of companies across thousands of data points to power their investment strategy.

Products and services

• Early-Stage Venture Capital Investment
• KIN Community (Value-Add Network)

Quantifiable outcome

• 60+ investments led and executed to date
• +3 more outcomes

Named customers21 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• KIN Community MemberscoreOthersKIN is Chamaeleon's extended network of exceptional individuals including entrepreneurs, executives, and investors who share their values. Members include Zouhair Belkoura (Co-founder, Keepsafe), Marianna Bonechi (Mng. Partner, Avy Ventures), Daniel Ha (Co-founder, Disqus), Bertrand Schmitt (Co-founder, App Annie), and 18+ others. KIN members have worked with or done business alongside the firm and provide value-add connections and insights.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Atomico: Global early-stage VC founded by Skype's Niklas Zennström, focused on European founders with global ambition. Comparable on the US/Europe bridge thesis and Series A leading approach.
• Index Ventures: Long-established early-stage VC investing globally from seed to Series A. Comparable on check-size range, lead/co-lead posture, and US/European transatlantic mandate.
• Lux Capital: US early-stage VC investing in deep tech, AI, and frontier science at seed and Series A. Comparable on technology-differentiation investment thesis and small-team, thesis-driven approach.
• EQT Ventures: European early-to-growth-stage VC with proprietary data and AI infrastructure for deal sourcing (Motherbrain). Comparable on the AI-powered European/global thesis investing at seed and Series A.
• Seedcamp: Leading European seed-stage VC investing across Europe with first checks often under €1M but frequently leading rounds. Comparable on geographic focus, early-stage thesis, and operationally engaged model.
• SignalFire: Early-stage VC firm that built Beacon, an in-house data platform, to source and support portfolio companies. Directly comparable to Chamaeleon as an AI/data-driven seed-to-Series A investor leading rounds.
• Speedinvest: European early-stage VC with multiple sector-focused funds leading seed/Series A rounds. Comparable on European-first deal sourcing and leading check sizes broadly aligned with Chamaeleon's $1–5M range.
• Correlation Ventures: Data-driven venture firm using quantitative analysis to price rounds and source deals across stages. Closely comparable model to MANTIS, though Correlation focuses more on later-stage opportunities.
• Gradient Ventures: Alphabet's AI-focused early-stage venture fund investing in seed and Series A rounds with technical founders. Comparable on AI-thesis-led seed-stage investing and technical-differentiation preference.
• True Ventures: US-based early-stage VC focused on product-led founders, leading seed and Series A rounds. Comparable on emphasis on product differentiation and founder-fit investing at the earliest stages.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/chamaeleonvc
• Facebookfacebook.com/chamaeleonvc
• LinkedInlinkedin.com/company/chamaeleonvc
• Instagraminstagram.com/chamaeleonvc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chamaeleon