Latest fund size
$65M
Announced
October 30, 2026
Global HQ
United States
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Check size
$500K-$2M
Members only
Stage focus
Pre-Seed, Seed
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Regions of investment
United States
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Chapter One is a Los Angeles-based early-stage venture capital firm founded by Jeff Morris Jr. in 2019. The firm invests in pre-seed and seed-stage startups across AI, robotics, space, defense, biology, and finance, and closed its third fund, Fund III, at $65 million in October 2026.
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Chapter One is a Los Angeles-based early-stage venture capital firm investing in pre-seed and seed-stage startups, with checks of $500,000 to $2 million.
The firm has evolved from an early focus on web3 and crypto into a broader thesis spanning AI, robotics, space, defense, biology, and finance, betting that technological progress across these fields is accelerating at the same time.
Chapter One names each of its funds after a book title capturing the ideas it is investing behind at that moment.
Members only
What the fund looks for in founders and which sectors it backs.
Chapter One closed its third fund, Fund III, at $65 million, themed ‘What If It All Works?’
The firm's debut fund raised $10 million in 2019, and it later raised a $40 million early-stage fund alongside a $20 million opportunity fund focused on web3 investments.
Since its founding, Chapter One has backed more than 100 companies, several of which have grown into billion-dollar businesses. Early Fund III investments include Erebor, Warhound, General Intuition, Alfred, and Bohr Systems, with more still to be announced.
Limited partners across the firm's funds have included Sequoia Capital, Bessemer Venture Partners, Kleiner Perkins, and Lightspeed Venture Partners.
Members only
Fund size, LPs and track record.
Leadership
Chapter One's leadership team has been together for more than five years. For Fund III, the firm recruited investors from SpaceX, Apple, and 1X to focus on robotics, aerospace, defense, and manufacturing.
Investment Strategy
Chapter One invests early behind founders building in AI, robotics, space, defense, biology, and finance, writing checks of $500,000 to $2 million into pre-seed and seed-stage companies.
Notable Investments
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Leadership, investment strategy, notable investments and exits.
