Morado Ventures, LLC
SEC exempt reporting adviser (venture capital exemption).
- HQ
- CA
Morado Ventures is a seed-stage investor that backs early-stage, data-fueled companies across AI, data infrastructure, industrial IoT, robotics, computer vision and health tech. Its stated mission is to support companies with the potential to solve significant challenges in industries ripe for disruption. Founding partners include Ash Patel and Mike Marquez. Portfolio companies named include Scribe, Zipline and Hyphen.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed | Not enough dated deals | Seed, Series A |
| Sectors | AI applications, Data analytics, Healthtech, Robotics, Hardware | Not enough dated deals | Enterprise SaaS, Data analytics, Ecommerce, Hardware |
| 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 |
|---|---|---|
| 2010 | 3 | Cybersecurity, Data analytics, Ecommerce |
| 2011 | 31 | Ecommerce, Enterprise SaaS, Consumer |
| 2012 | 35 | Enterprise SaaS, Data analytics, Ecommerce |
| 2013 | 33 | Enterprise SaaS, Data analytics, Hardware |
| 2014 | 25 | Data analytics, Enterprise SaaS, Ecommerce |
| 2015 | 34 | Data analytics, Ecommerce, Enterprise SaaS |
| 2016 | 15 | Robotics, Mobility, Logistics |
| 2017 | 9 | AI applications, Data analytics, Enterprise SaaS |
| 2018 | 2 | AI applications, Enterprise SaaS |
| 2019 | 3 | AI applications, Agtech, Robotics |
| 2020 | 1 | Fintech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 3 | 0 | 0 | 0 |
| 2011 | 0 | 21 | 6 | 0 | 0 |
| 2012 | 0 | 22 | 10 | 1 | 1 |
| 2013 | 0 | 23 | 7 | 1 | 0 |
| 2014 | 0 | 15 | 6 | 1 | 0 |
| 2015 | 0 | 14 | 10 | 7 | 1 |
| 2016 | 0 | 8 | 5 | 1 | 0 |
| 2017 | 0 | 2 | 4 | 2 | 0 |
| 2018 | 0 | 2 | 0 | 0 | 0 |
| 2019 | 0 | 1 | 0 | 1 | 0 |
| 2020 | 0 | 0 | 0 | 1 | 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 |
|---|---|---|---|
| Morado Venture Partners IV, L.P. Morado Ventures is a seed-stage investor backing early-stage data-fueled companies with potential to solve significant challenges in industries ripe for disruption. Focus areas include AI, data infrastructure, industrial IoT, robotics and autonomy, computer vision, and health tech. Inferred from the firm's website | approx. 2023 | $50M (Form D) | Open, writing first checks |
| E12 Venture Capital Fund I, L.P. Morado Ventures is a seed-stage investor backing early-stage data-fueled companies with potential to solve significant challenges in industries ripe for disruption. Focus areas include AI, data infrastructure, industrial IoT, robotics and autonomy, computer vision, and health tech. Inferred from the firm's website | approx. 2022 | $110M (Form D) | Open, writing first checks |
03 · People across funds
- Ashvinkumar Patel, Managing Director of the General Partner of the Issuer
Morado Venture Partners IV, L.P. (Named on Form D); E12 Venture Capital Fund I, L.P. (Named on Form D)
- Kiyoshi Okubo, Managing Director of the General Partner of the Issuer
E12 Venture Capital Fund I, L.P. (Named on Form D)
- Michael Marquez, Managing Director of the General Partner of the Issuer
Morado Venture Partners IV, L.P. (Named on Form D); E12 Venture Capital Fund I, L.P. (Named on Form D)
- Sunao Nishimura, Managing Director of the General Partner of the Issuer
E12 Venture Capital Fund I, L.P. (Named on Form D)
- Ash Patel, Founding Partner
Morado Venture Partners IV, L.P. (Team); E12 Venture Capital Fund I, L.P. (Team)
- Henry Sohn, Operating Partner
Morado Venture Partners IV, L.P. (Team); E12 Venture Capital Fund I, L.P. (Team)
- Mike Marquez, Founding Partner
Morado Venture Partners IV, L.P. (Team); E12 Venture Capital Fund I, L.P. (Team)
- Patrick McGill, Corporate Venture Partner
Morado Venture Partners IV, L.P. (Team); E12 Venture Capital Fund I, L.P. (Team)
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