New York City | U.S.A.
| Investor Type | Firm |
| Type of Fund | VC |
| Industries | Software (Web Marketplace Saas..) • Businesses Solutions • Retail (& E-Commerce) • Online Social • Consumer |
| Stages | Pre-Seed, Seed, Early Stage, Series A, Series B, Series C, Pre-IPO |
| Investing | United States • Canada • Germany • India • Japan • France • Mexico • Argentina • Brazil • Colombia • Vietnam • Thailand • Indonesia |
| Investment Range | $250,000 - $750,000 |
| Investment Sweet Spot | $500,000 |
About The Fund
Banana Capital is an early stage venture capital firm based in Ann Arbor, MI, USA, founded by Turner Novak. As a generalist investor with a focus on backing founders, the firm mainly invests in consumer and bottoms-up enterprise products. They look to invest globally in a company's first or second funding round, typically called Pre-Seed and Seed stages, but are not limited to these stages. Their investments range from $250k to $750k, with a sweet spot of around $500k. Although they are ready to be the first investor, they also have the flexibility to follow on over time. Banana Capital is currently investing out of its third fund and has historically shown interest or invested in various themes including consumer software, health, fintech, gaming, media, housing, dev tools, B2B software, and some deeper tech, excluding crypto investments. They focus on making food better, housing more affordable, government more efficient, and exploring the effects of AI-native software. Their investment thesis emphasizes backing resilient founders with a secret and a chip on their shoulder, projects that are category-defining with defensible distribution channels, and ventures with clear revenue prospects and potential for large markets. Turner Novak questions whether he would want to work for a founder for the next 10 years before making a commitment. Banana Capital operates as a one-person team with Turner Novak without a rigid process, valuing in-person meetings, though capable of expeditious remote discussions. As the primary or largest initial investor in many of his second fund's investments, Novak brings his own conviction to the table, along with extensive social outreach, boasting over 210k followers across social media platforms, potentially helping startups to find customers, investors, and employees. The firm's prior investments include BeReal, ScienceIO, Chainguard, Inngest, NewMe, and several others. The preferred way for interested parties to contact Banana Capital is through email.
What they say:
We invest in consumer and bottoms-up enterprise products
Contact over 100,000 investors!
Built by serial entrepreneurs and ex-VCs, Angels Partners helps entrepreneurs connect with relevant investors in their industry.
With over 100K+ listed investors, our mission is to help founders secure meetings & accelerate their fundraising.
View previous deals, filter by deal size, industry, location and more. It's the fastest way to build a target investor list.
e
We also built a community of hundreds of investors actively prospecting & investing directly on Angels Partners.
Register to become visible to a large community of investors on our platform.
- Prime Founders
- 85 Great Portland St.
- London, U.K.
- contact@angelspartners.com
