AI2 Incubator
ActiveSeattle, WALodging and ConventionsLast fund filed June 2025Website
3 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| AI2 Incubator Common III-A | June 2025 | $1.3M | $1.1M | 19 |
| AI2 Incubator Common III | June 2025 | $19M | $19M | 72 |
| AI2 Incubator Fund III-A | June 2025 | $3.9M | $3.3M | 19 |
| AI2 Incubator Fund III | June 2025 | $56M | $56M | 72 |
| AI2 INCUBATOR EQUITIES | October 2022 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
6 partners are named across this firm’s filings, 3 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Matt McIlwainNot on the current fund | Active | Enterprise software, Developer tools & infrastructure, Biotech & pharma |
Classified sectors of AI2 Incubator’s own portfolio companies, based on 30 with a verified or cited source.
| Firm | Shared boards | Companies |
|---|---|---|
| Madrona Venture Group | 29 | 2ND WATCH HOLDING COMPANY, 2nd Watch, A-Alpha Bio, Amperity, Apptio, Booster Fuels, DOCUSMART, Domicile, DVx Atomic, EdgeRunner AI, Envelop VR, EXTRAHOP NETWORKS, Igneous Systems, MIXPO PORTFOLIO BORADCASTING, Nautilus Biotechnology, OctoML, Ozette Technologies, Panorama Artificial Intelligence, PLACED, QUMULO, Read AI, Scala.ai, Skytap, SMARTSHEET, Subcurrent, TerraClear, Thira, Xetdata, XNOR.AI |
| AI2 Investment Partners | 2 | DOCUSMART, PANDA AI |
| Shasta Ventures | 2 |
| $6.8M |
| $6.8M |
| 10 |
| 29 |
| 5 |
| Bryan HaleNot on the current fund | Quiet | AI & machine learning | 1 | 0 |
| Jacob Colker | Quiet | Legal & compliance tech | 1 | 0 |
| Oren EtzioniNot on the current fund | Quiet | None listed | 1 | 0 |
| Vu Ha | Quiet | None listed | 0 | 0 |
| Yifan Zhang | Quiet | None listed | 0 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of AI2 Incubator’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Apptio, Suplari |
| Amplify Partners | 1 | Subcurrent |
| Fuse Venture Partners | 1 | Scala.ai |
| Highland Capital Partners | 1 | QUMULO |
| Ignition Venture Partners | 1 | Skytap |
| Kleiner Perkins | 1 | QUMULO |
| Maveron | 1 | Booster Fuels |
| Meritech Capital Partners | 1 | EXTRAHOP NETWORKS |
| Openview Venture Partners | 1 | Skytap |
| Orbimed Asia Partners | 1 | DOCUSMART |
| Orbimed Genesis | 1 | DOCUSMART |
| Pioneer Square Labs | 1 | PANDA AI |
| Trinity Ventures | 1 | EdgeRunner AI |
A shared board seat: a company where filings name a AI2 Incubator partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.