Bedrock
Bedrock is an investment firm launched in 2018, managing approximately $2 billion in assets as of February 2023, focusing on Series A, B, and C rounds with investments ranging from $5M to $50M.
History of Bedrock
Bedrock was launched on March 27, 2018 with $127 million in assets under management. Over the years, Bedrock has grown significantly, and as of February 2023, the assets under management have risen to approximately $2 billion. Bedrock’s growth can be attributed to its strategic investments and its unique approach to identifying promising companies that are often overlooked by mainstream investors.
Investment Strategy
Bedrock primarily leads Series A, B, and C funding rounds, writing checks that range from $5 million to $50 million. The firm occasionally makes smaller investments in seed rounds as well. In addition, Bedrock reserves significant capital for follow-on investments, ensuring continued support for portfolio companies.
Flagship Fund B4
Bedrock's new flagship fund, named B4, enhances their financial capabilities with more deployable financial firepower than ever before. With this fund, Bedrock aims to continue its strategy of investing in promising companies that are underestimated and incongruent with popular narratives.
Portfolio Companies
Bedrock has made over forty investments since its inception. Among the notable companies in its portfolio are Rippling, Flock Safety, Vercel, Bitcoin, Ethereum, and OpenAI. The firm is flexible with its investment approach, being open to being the sole investor in a round or co-investing alongside others.
Core Values
Bedrock operates with the primary shared value of radical open-mindedness. The firm focuses on questioning popular narratives to uncover hidden truths and opportunities, a strategy they term 'narrative violations.' Despite making fewer investments than many technology investment firms, Bedrock remains committed to working hard on behalf of its ventures, aiming to add value beyond just financial support.