Smith Point Capital is a New York City-based, operator-led venture capital firm founded to accelerate the development of the intelligent enterprise. The firm was launched by Keith Block, former co-CEO of Salesforce, and brings together a powerful team of former operators and investment professionals from leading firms including Salesforce, Oracle, Celonis, Expedia, Snowflake, Vista Equity Partners, and Morgan Stanley. Smith Point stands out for its deeply embedded experience in enterprise software and its active approach to partnering with portfolio companies to scale mission-critical technologies. The firm’s ethos is rooted in reshaping how businesses operate, compete, and serve customers through transformative software solutions.
Smith Point Capital invests in growth-stage enterprise software companies building the infrastructure of the intelligent enterprise. The firm targets startups delivering foundational technologies that impact core business functions - operations, customer engagement, and digital transformation.
Its ideal investments are in companies with proven products, strong customer traction, and a clear path to scale across verticals and geographies. Smith Point typically backs companies in the post-Series A stage where additional capital and expert operator support can help unlock the next phase of growth.
In May 2025, Smith Point Capital announced the final close of its inaugural fund, Smith Point Capital Fund I, L.P., with more than $360 million in committed capital. This debut vehicle is already actively deployed, with six portfolio companies representing $145 million of invested capital at the time of the final close.
The fund is designed to partner with growth-stage enterprise software companies that are transforming business processes and redefining operational excellence through intelligent automation, data-driven decision making, and scalable cloud-native infrastructure.
The fund received backing from a broad mix of LPs, including institutional investors, endowments, foundations, family offices, and emerging technology companies. Its unique value proposition lies in combining capital with strategic go-to-market support and operating insight from executives who have helped scale the world’s most respected enterprise software businesses.
Smith Point positions itself not just as a capital provider, but as a long-term partner in growth, with deep expertise in sales execution, customer success, and enterprise deployment.
Leadership
Smith Point’s team structure is purpose-built for high-touch involvement with portfolio companies. Founder and CEO Keith Block brings decades of enterprise leadership experience, and the broader team blends operating credibility with institutional investing discipline.
This dual capability allows Smith Point to provide actionable support in areas like product strategy, enterprise sales, and customer expansion. The firm’s mission is to serve as a bridge between bold founders and the enterprise buyer ecosystem, accelerating both revenue growth and organizational maturity.
Notable Investments
Smith Point Capital’s portfolio includes AssemblyAI, a leader in AI-powered speech recognition, and Virtualitics, a platform for advanced data exploration and AI-driven decision-making. These companies reflect the firm’s thesis around applied AI, business-critical infrastructure, and the evolution of enterprise intelligence.
Notable Exits
As Smith Point Capital Fund I is newly launched, the firm has not yet had public exits from this vehicle. However, with a strong start - six investments totaling nearly half the fund's capital - its portfolio is positioned for high-impact outcomes in the coming years.
