Asymmetric Capital Partners is a New York–based early-stage technology investment firm founded in 2021. Purpose-built to back founders with conviction, concentration, and operational depth, the firm blends rigorous investing experience with hands-on operating expertise. Its partners are former founders and executives who have built, scaled, and acquired companies themselves, positioning Asymmetric as a value-added investor that partners with entrepreneurs from idea to growth.
Asymmetric invests in technology-driven companies at the Pre-Seed through Series A stages, with an emphasis on sectors where its team brings deep domain expertise.
The firm’s primary focus areas include vertical software for legacy industries, healthcare IT and services, and technology-enabled SMB consolidations (“rollups”).
Each investment is approached with the goal of achieving meaningful ownership in businesses that can deliver outsized returns through disciplined execution and long-term scalability.
In October 2025, Asymmetric announced the close of its second fund, Asymmetric Fund II, at $137 million, exceeding its initial $125 million target. This new fund builds on the strong performance of its $105 million debut fund, which ranked in the top 5% of its vintage according to Cambridge Associates.
Fund II will maintain Asymmetric’s focused strategy of high-conviction, operator-led investing, targeting $2–10 million investments in early-stage rounds where a single successful outcome can return the fund.
Fund II attracted a mix of returning LPs, family offices, and new institutional investors, many of whom are experienced operators or former founders.
The firm’s general partners also committed over $5 million of personal capital, reinforcing alignment with its LP base and confidence in its long-term vision. The fund’s thesis prioritizes concentrated ownership, active partnership, and deep engagement with founders to drive enduring company-building.
Leadership
The firm is led by Managing Partner Rob Biederman, alongside Partners Nancy Chou and Sam Clayman, Head of Portfolio and Platform Michele Spitzer, and Chief Operating Officer Sarah Unger Biggs. This multidisciplinary leadership team combines investment acumen with extensive operational backgrounds across technology, healthcare, and software sectors. Their collective experience enables Asymmetric to support founders not only as investors but as strategic collaborators and execution partners.
Investment Strategy
Asymmetric follows a high-conviction, operator-led strategy, emphasizing ownership concentration and active engagement. The firm seeks to partner with founders where it can add tangible value beyond capital, offering expertise in recruiting, go-to-market design, M&A, and operational scale-up.
Its investment model focuses on markets where legacy processes are being disrupted by software or technology-driven efficiencies.
The firm maintains a disciplined portfolio size, believing that fewer, deeper partnerships generate better outcomes than broad diversification.
Notable Investments
Across its two funds, Asymmetric has backed nearly 90 companies, including Torc, EvolutionIQ, Zorus, and Counsel Health.
The firm’s early investments have demonstrated strong traction across software modernization, healthcare technology, and industry rollups. Its portfolio reflects a bias toward founders who combine technical depth with domain expertise in sectors undergoing digital transformation.
Notable Exits
Fund I has already realized three successful exits:
These exits have contributed to Fund I’s performance ranking among the top 5% of its 2021 vintage, validating Asymmetric’s concentrated, hands-on investment approach.
Other
Asymmetric’s LP base is composed primarily of operator-oriented investors, many of whom bring real-world experience in scaling venture-backed businesses.
This network further enhances the firm’s value proposition to founders. Asymmetric is known for its speed, humility, and deep founder alignment, with much of its deal flow coming from referrals within its existing portfolio.
Rob Biederman - Managing Partner
Sarah Unger Biggs - Partner & Chief Operating Officer
Sam Clayman - Partner
