Black Diamond Ventures
bdventures.comBDV invests in visionary founders pioneering market-transforming technologies, focusing on multi-stage investments (Series B, later stage, and growth capital) in the biotech, deep tech, and med tech sectors, with verticals including AI, big data, machine learning, materials science, and semiconductors. Initial and follow-on investments range from $2MM to $10MM.
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See If You're a MatchInvestment Thesis
Black Diamond Ventures is a transformational venture capital firm that describes itself as ‘opportunistic investors’ with decades of experience dedicated to the VC and tech ecosystem. Founded by second-generation VC Chris Lucas, BDV thrives on evaluating multi-stage companies with visionary founders poised to transform their markets. The firm combines a mission-driven approach with practical operational expertise, delivering access to leading strategic and investment opportunities through an established network while supporting extraordinary founders at every stage.
What Sets Them Apart
- Hybrid investing model - described as 'transforming traditional VC with the next level of hybrid investing'
- Second-generation VC leadership with extensive operator experience (founder Chris Lucas has 35+ years of capital raising, board positions, and successful exits including DexCom IPO)
- Diverse, experienced team combining seasoned investors, serial entrepreneurs, and operators who provide both capital and strategic insights
- Strong track record of supporting companies through successful IPOs and acquisitions (DexCom, DivX, Khimetrics, Force10 Networks, etc.)
- Multi-location presence (Los Angeles and Los Gatos/Silicon Valley offices)
- Network-driven approach providing access to strategic and operational support through partner ecosystem
Portfolio Highlights
Lyric Bio
Biotech
App Orchid
Ai Ml
Ares Materials
Materials Science
Prellis Biologics
Biotech
Altwork
Deep Tech
Alveo
Biotech
Atonarp
Deep Tech
Earli Inc.
Biotech
+ 34 more companies in their portfolio
Investment Team
6 Partners at Black Diamond Ventures
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