Friale Management Company LLC
Emerging managerSEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.friale.com
- HQ
- TN
Friale Management Company LLC is an early-stage generalist venture firm with a particular focus on AI and Healthcare. Its portfolio includes Ambience Healthcare, BillionToOne, Fly.io, and Groww, along with other companies.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Seed |
| Sectors | AI applications, Healthtech | Not enough dated deals | Healthtech, Biotech, Consumer, Fintech |
| Regions | Not stated | Not enough dated deals | CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2016 | 5 | Advanced materials, AI applications, Construction and proptech |
| 2017 | 7 | Biotech, Healthtech, Agtech |
| 2018 | 4 | Healthtech, Biotech, Consumer |
| 2019 | 4 | Fintech, Healthtech, Construction and proptech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2016 | 0 | 5 | 0 | 0 | 0 |
| 2017 | 0 | 6 | 0 | 0 | 0 |
| 2018 | 0 | 3 | 1 | 0 | 0 |
| 2019 | 0 | 3 | 0 | 1 | 0 |
| 2020 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Friale Fund 2.0 LP An early-stage generalist venture investor with a bend towards AI and Healthcare. Believes much of the world's software will be reimagined by AI and partners with founders across all verticals, getting hands on early. Inferred from the firm's website | approx. 2026 | $75M (Form D) | Raising |
03 · People across funds
- Bryan Frist, Managing Member of the General Partner
Friale Fund 2.0 LP (Named on Form D)
- Nicholas Alexander, Managing Member of the General Partner
Friale Fund 2.0 LP (Named on Form D)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026