product · May 20, 2026
Haystack VC Raises Oversubscribed Seed Fund with Team Promotions
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Haystack VC, founded by Semil Shah in 2013, closed its new core seed fund known as Haystack VII and promoted Divya Dhulipala to Principal along with Aashay Sanghvi to Partner. The firm has backed over 290 early-stage startups including DoorDash, Instacart, Figma, HashiCorp, Opendoor, and Applied Int, with more than 60 companies now valued above $100 million and 16 above $1 billion. Haystack VC typically invests $500K to $2M per deal at pre-seed and seed stages in software and technology companies. The firm reported 36 successful exits across its portfolio as of the fund announcement.
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