Corazon Capital today announced the final close of its fourth fund at $100 million. Fund IV will invest at the pre-seed, seed, and series A stages, with an emphasis on AI-native companies built around enduring human behaviors.
Led by the team that built and ran category-defining consumer platforms including SparkNotes, OkCupid, Match, Tinder, ShopRunner, and Grindr, Corazon brings an unusually nuanced operator mindset to its work with portfolio companies. Fund IV reflects the firm’s continued commitment to partnering closely with founders leveraging innovation to transform how humans learn, connect, transact, work, and live.
“In an AI-native world that enables anyone to build sophisticated technology, the ability to achieve product-market fit and scale products and organizations will define the winning companies. Those founders will need partners who bring the rare combination of trust and expertise to help them navigate their most challenging decisions,” said Sam Yagan, co-founder and managing partner. “One without the other falls short; together, that combination materially improves a founder’s chances of success.”
Corazon invests nationally and backs ubiquitous, market-leading consumer companies such as SpotHero and PrettyLitter, scaled unicorns such as Telnyx and TradingView, and next-generation platforms including Brilliant and Noble Mobile. As its portfolio has grown, Corazon has expanded beyond its Chicago roots with investors based in Los Angeles, San Francisco, and New York, creating a unique geographic footprint that mirrors its portfolio’s national reach.
“AI has dramatically expanded how much and how fast founders can build,” said Phil Schwarz, managing partner at Corazon. “We invest in founders who use AI to amplify human potential, not replace it; in a world racing toward automation, we’re investing in humanity.”
Alongside the new fund, Corazon promoted Greg Johnston and Smriti Jayaraman, both formerly principals at the firm, to partner. Corazon also named Alison Stillman, formerly founding partner at Serena Ventures and more recently a venture partner at Corazon, to partner.
“Throughout my decades-long investing career, I’ve learned that building an enduring firm requires developing talent from within while also bringing in leaders who expand perspective,” said Steve Farsht, co-founder of Corazon. “Greg, Smriti, and Alison demonstrate the courage, humility, and curiosity required to build invaluable partnerships with founders.”
About Corazon Capital
Corazon Capital (Spanish for “heart”) operates as a venture capital firm investing in companies leveraging technology to transform human behavior. The firm partners with founders at the pre-seed, seed, and Series A stages, combining deep operating experience with hands-on investing to provide both capital and pragmatic counsel. Founded in Chicago, Corazon invests nationally, with investors based in Chicago, Los Angeles, San Francisco, and New York.
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