Creator Ventures announced it has raised a $45 million Fund II, more than double the size of its prior fund. This brings the firm’s total assets under management to $65 million.
Founders: Co-founded by cousins Sasha Kaletsky and Caspar Lee, Creator Ventures’ consumer internet sector focus and operating expertise stems from Kaletsky’s early successes in consumer technology investing as the co-founder of the investment club that preceded Creator Ventures and in PE at Bridgepoint and at Uber, and Lee’s background as a creator with a combined social following of 12+ million and as the cofounder of influencer.com and WME-backed talent management firm MVE.
Fund II plans: With Fund II, the firm plans to lead and co-lead pre-seed and seed rounds with checks ranging from $200,000 to $2.5 million, scaling its support for founders building creative tools, consumer applications, marketplaces, and AI-enabled software-as-a-service (SaaS) adjacent to the consumer internet. And Creator Ventures’ new fund is backed by institutional LPs including Level Ventures, Cendana Capital, Vintage Investment Partners, Sequoia Capital, Marktlink Capital, Spring Creek, Isomer Capital, and Nexus Bay.
Portfolio sample: A sampling of Creator Ventures’ portfolio includes:
1.) beehiiv, an email newsletter and blog hosting platform built for creators and SMB marketers
2.) Praktika.ai, an AI language learning app using avatars to teach English to students globally
3.) Status, a social media app that creates an interaction platform, with over 1 million users globally after its public launch in 2025
4.) ElevenLabs, a voice AI platform for consumers and developers
5.) Bounce, a global network for storing luggage and packages that partners with more than 10,000 retailers
6.) Palabra AI, a real-time AI voice translation company
7.) Creatify AI, an AI video ads marketing technology platform
8.) Wild, a refillable product innovation company that was acquired by Unilever in March 2025
9.) Runna, a running training app with AI voice coach, acquired by Strava in April 2025
Created with a strong foundation of angel investing beginning in 2019 with the pair’s $1 million Investment Club for Creators (Fund 0), Creator Ventures launched an initial $20 million traditional venture Fund I in 2022. So far, the firm has backed 30 companies, boasting solid returns since inception. The firm’s 2019-22 vintage “Fund 0” Investment Club is at over 4 times DPI and 6 times MOIC, and 2022-25 vintage Fund I is over 0.3 times DPI and 3 times MOIC.
KEY QUOTES:
“Consumer has the largest share of global GDP, almost all the biggest historical venture outcomes started as consumer businesses, and many of the clearest use-cases for AI transformation are in consumer. And yet, a small fraction of addressable venture dollars in recent years have been allocated to consumer startups. We see this as a huge opportunity, and are building our firm to be the partner of choice for these founders.”
Sasha Kaletsky, Managing Partner
“Sasha and I love helping founders with their go-to-market strategies and refine product market fit,” he said. “Together, our expertise helps us to identify opportunities for our portfolio companies to successfully attract and retain consumers’ attention in a competitive social media landscape. When I started filming YouTube videos in my bedroom fifteen years ago, I never imagined that this industry would become so big or that those experiences would lead me here.”
Caspar Lee, General Partner
