Trusted Pre-IPO SPVs
Investing with discipline in ultra high-growth and privately held American companies.
Figure: A first-of-its-kind AI robotics
Redwood Materials: Securing U.S. critical materials & Powering America’s energy future.
Curated opportunities.
Generation-defining companies before they become publicly available.
Our portfolio companies employ tens of thousands of people and are actively hiring.
Institutional-grade underwriting & structure.
See Our PortfolioWho we are.
The secondary private market has become a minefield. Investors are inundated with inflated valuations, excess fees, and legal trickery. The hardest part isn't finding an opportunity; it's knowing which ones are genuine. We exist to solve that problem. We vet every opportunity, cutting through speculation to surface companies with genuine analysis and institutional diligence. No manufactured urgency. No chasing headlines. Just disciplined access to the private market's most compelling businesses vetted by a dedicated team who has done real diligence for you. Like most things in life, we prefer quality over quantity.
What part of Interplay is right for you?
See how each business line operates.
Ventures
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Accelerator
Pre-Seed & Seed
Most of the companies that get selected to participate in the Accelerator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Studio
Idea
For the most part the studio companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Secondary
Pre-IPO
We invest in later-stage companies that are on a high-growth trajectory with incredible traction, amazing co-investors, and sufficient funding. We specifically focus on companies that we believe will IPO within the next 3-5 years.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Ventures
North America
We pretty much only invest in companies in North America, with most of our investments being in companies across the US. We also occasionally invest in companies in Canada and Latin America.
We do also get interested in companies that are migrating all or a key part of their operations from another geography to the US.
Accelerator
Worldwide, but selling to US customers
We’ll accelerate companies located in most regions around the world so long as the companiesi are selling to US customers. When companies are located abroad and selling to customers outside of the US we find we’re not the best partner to help. But for companies targeting the US market - we’re a good friend to have.
It’s important to note that our accelerator program is conducted remotely via video calls. Your team won’t need to relocate for the program.
Studio
United States
We only start companies in the US. To that end, we also only partner with cofounder/CEOs that are US based.
Secondary
United States
We invest only in high-quality American companies that are domiciled and based in the US but looking to take over the world.
Ascend
Worldwide
We will consider opportunities in any geography.
Ventures
Application-Layer AI & Marketplaces
The venture capital fund is focused on application-layer AI and marketplace businesses.
Accelerator
Software & Services
While the accelerator is sector agnostic, we tend to focus on pure software and tech-enabled services. That said, we have been inspired to support companies in a few other sectors in the past.
Studio
Software & Services
The studio is designed to fill gaps in our society. We look for holes in our social fabric - missing solutions. And then when we can come up with a commercially viable solution we build it. A byproduct of this approach is that we place across a diverse set of sectors.
Secondary
Revolutionary Technologies
We are highly focused on defense, space, robotics, and AI across the stack.
Ascend
All
The organization will evaluate opportunities in any sector.
Ventures
$500K-2M
Our typical check size ranges from $500K to $2M. We also reserve capital for follow-on investments in our top performing portfolio companies.
Accelerator
$50K
We make a $50K cash investment in each accelerator company, with no fees required to join. In addition, we provide a highly personalized six-month program, where we embed ourselves as interim cofounders, helping drive everything from product development to go-to-market strategies and fundraising. In return, we receive a 6% equity stake, ensuring our interests align with those of our founders.
Studio
Discussed Live
We provide studio companies with enough capital to break the cold-start phenomenon. Our goal is to remove one of the most painful steps at the beginning of the company formation process.
Secondary
$500K-$10M+
Investments range between $500K-$10M on a deal-by-deal basis. If an opportunity doesn’t pass our diligence, it doesn’t get surfaced. Our investors have the luxury of investing in the deal opportunities that they prefer.
Ascend
$100K-10M+
Investments range in size from $100K to $10M.
Ventures
A function of market valuation
We are what we call conviction coinvestors. The conviction speaks to the fact that we do our own underwriting, but we only coinvest. We never lead. As a result, we don’t set the deal terms for the companies we invest in - when we invest our ownership position is determined by the market pricing dynamics.
Accelerator
6%
We provide a $50K cash investment plus a 6-month, highly individualized program that will take your company to the next level. We ask for a 6% common stock position. This structure aligns our success with yours, ensuring we only profit when you do.
Studio
Discussed Live
We get into the partnership construction details with the founders that get toward the end of our process.
Secondary
A function of market valuation
This completely varies by deal.
Ascend
A function of market valuation
This completely varies by the deal.
Ventures
Yes
We built this great platform to help companies and we try to make it available to all of the companies we partner with.
Accelerator
Yes
We built this great platform to help companies and we try to make it available to all of the companies we partner with.
Studio
Yes
We built this great platform to help companies and we try to make it available to all of the companies we partner with.
Secondary
Yes
We built this great platform to help companies and we try to make it available to all of the companies we partner with.
Ascend
Yes
We built this great platform to help companies and we try to make it available to all of the companies we partner with.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
Venture Capital
Series A
We invest in Seed to Series B rounds, but our sweet-spot is Series A. Typically the Seed and Series B investments that we’re doing are kinda actually Series A rounds that are mislabeled; we’re less concerned about the label and more about the operational stage and risk profile of the company.
Occasionally, we’ll write a smaller check into a Seed deal if we’re feeling a very strong sense of conviction.
Incubator
Pre-Seed & Seed
Most of the companies that get selected to participate in the incubator are at the Pre-Seed or Seed stage. The definitions of those stages varies quite a bit, but for us the key thing is that we like to get involved after there is a product in place.
Usually the companies have raised capital and have an early team in place as well.
Foundry
Idea
For the most part the foundry companies are built around internal ideas. We come up with an idea, diligence the heck out of it, then recruit a cofounder & CEO.
Once we have the team we invest some capital and help get the company started.
Ascend
All
Ascend, the family office of Interplay, has the most diverse mandate.
The organization will evaluate opportunities at any stage.
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