Switch Ventures

Switch Ventures is a San Francisco-based seed-stage venture capital firm founded in 2014 by Paul Arnold, focused on backing early-stage founders building transformative technology companies. The firm invests primarily at the seed stage across sectors including B2B SaaS, fintech, health tech, and enterprise software, with a particular affinity for non-traditional founders — notably, 70% of its portfolio companies are founded by women or people of color. Switch targets U.S.-based startups and writes checks in the $500K–$2M range at the seed stage. The firm is currently investing out of its fourth fund, Switch Ventures IV, for which it raised $50M in 2025. With over 67 investments and 14 exits to date — including The Athletic (acquired by the NYT for $550M), SmarterDX (unicorn acquisition by New Mountain), and Policygenius (acquired by Zinnia) — Switch positions itself as a hands-on, long-term partner rather than a purely capital-driven investor.