AAF Management Ltd.
VC Fund
Arlington, United States
AAF Management Ltd. (AAF) is a leading early-stage venture capital firm focused on pre-Seed, Seed and Series A stage technology companies in North America. Since late 2016, we’ve invested in over 120 venture-backed portfolio companies across fintech, healthcare, consumer, enterprise software and deep tech. We are backed by over 95 LimitedPartners (LPs) across two funds. Our investors include leading multi-family offices, single family offices, royal families, c- level executives, ministers, ambassadors, fund-of-funds, foundations, hedge fund managers and other strategic investors across the US, Europe, and MENA region. We also actively manage Limited Partnership (LP) allocations into early stage emerging managers globally exposing us to over 600 venture-backed companies. We’ve backed emerging managers who were previous venture investors at prestigious firms such as Sequoia Capital, Lightspeed Ventures, NEA, Khosla Ventures, Kleiner Perkins among others. Notable companies in our extended portfolio include: Deel, Ramp, Robinhood, Didi, Savage X by Fenty, StockX, Figure, Reddit, Current, Synthego, Epic Games, FiscalNote among many others. Notable exits in our extended portfolio include: CrowdStrike (NASDAQ: CRWD), TruOptik acq. by Transunion (NYSE: TRU), Prodigy acq. by Upstart (NASDAQ: UPST), Portfolium acq. by Instructure (NYSE: INST), now a Thoma Bravo Company, HeyDoctor acq. by GoodRx (NYSE: GDRX), Finmark acq. by Bill.com(NYSE: BILL) among others.
- Total investments:
- 134
- Last investment:
- Lead investor:
- 1%
Last updated:
For AI agents: llms.txt
Industries AAF Management Ltd. invests in
Stages AAF Management Ltd. invests in
Countries AAF Management Ltd. invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
1 more contact available
Round size
- Seed
- $1.3M–$6.5M
- Pre-Seed
- $125k–$3.4M
- Series A
- $5.5M–$20M
Investment Focus
Industry
- Software 33 (25%)
- FinTech 22 (16%)
- Financial Services 18 (13%)
- Health Care 16 (12%)
- Artificial Intelligence 12 (9%)
Stage
- Seed 64 (48%)
- Series A 29 (22%)
- Pre-Seed 11 (8%)
- Funding Round 11 (8%)
- Series B 7 (5%)
Country
- United States 84 (63%)
- Canada 4 (3%)
- India 3 (2%)
- Chile 1 (1%)
- Panama 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Evan Hendrick
Senior Investment Associate
|
Senior Investment Associate | Total investments: 0 | Find email | |
|
Kyle Hendrick
Founder & General Partner
|
Founder & General Partner | Total investments: 0 | Find email | |
|
Matt Michelsen
Venture Partner
|
Venture Partner | Total investments: 1 | Find email | |
|
Omar Darwazah
Co-founder, Managing Director and General Partner
|
Co-founder, Managing Director and General Partner | Total investments: 39 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
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Uniblock is the world's first unified Web3 API that connects the most popular blockchain networks and protocols into one singular standard | $5.2M / Venture - Series Unknown / Mar 20, 2026 | |
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Flex is a financial technology company that offers an end-to-end finance platform that integrates business and personal finance management. Their services include business banking with zero monthly fees, 1% cashback on eligible purchases, and high-yield accounts with up to 2.99% APY on idle cash. They provide a business credit card featuring 0%interest for 60 days on eligible purchases, unlimited cashback, and flexible rewards. Flex also offers accounts payable automation with features like fraud prevention, AI-powered bill scanning, and real-time payment tracking. Additionally, their platform supports global payments across over 180 countries in 32 currencies, catering to businesses with international operations. | $25M / Series A / Mar 05, 2025 | |
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AI Observability to help enterprises building LLM-based apps in the cloud move to production quickly, easily & safely without having to deal with DIY observability stack. | Seed / Aug 05, 2024 | |
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KarmaCheck is a software company that provides technology-based solutions for background checks, credentialing, and compliance. With an API-first platform, a mobile-friendly candidate experience, and rapid customer service response times, KarmaCheck delivers accurate background checks faster. | $45M / Series B / Jun 27, 2024 | |
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Vero Technologies is a commercial lending platform providing end-to-end inventory loan management software for SMBs. It combines software and services to enable financial institutions, wholesalers, and dealers to manage inventory loans in a single system. The platform also provides SMB business owners with the tools they need to effectively managetheir treasury and portfolio functions. Users can manage their capital outflow and scale their lending program without adding personnel by utilizing its automated funding system.Vero Technologies was founded in 2020 and is based in New York. | $8.5M / Series A / Sep 19, 2023 | |
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The internet is far from perfect. One of its greatest flaws has been the decades-long abuse of our personal data. That's where we come in. | $15M / Series A / Aug 16, 2023 | |
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AnthologyAI is the breakthrough Artificial Intelligence Consumer Insights & Predictions Platform with billions of real-time data sourced directly and ethically from consumers. Access previously unavailable levels of intelligence about retail spending, geolocation, media consumption, travel, ride sharing and more — in realtime, at scale. | $15M / Series A / Aug 16, 2023 | |
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Dashy Dash helps bars and restaurants manage their businesses with transparent information about products, prices, and suppliers. The platform automatically catches rising prices before they spin out of control, benchmarks supply prices against other prices shared by the community, and helps find alternative suppliers and products available in thearea. | $3M / Jun 26, 2023 | |
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Dashy Dash helps bars and restaurants manage their businesses with transparent information about products, prices, and suppliers. The platform automatically catches rising prices before they spin out of control, benchmarks supply prices against other prices shared by the community, and helps find alternative suppliers and products available in thearea. | $3M / Seed / Jun 26, 2023 | |
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SuperFocus develops LLM AIs utilizing private data for hallucination prevention in memory modules. The company develops AIs that use the Large Language Model (LLM) for language capability without training data. They connected the LLM to a memory module based on user-defined ground truth information, achieving 100% accuracy in answering collegetextbook questions. | Seed / Jun 23, 2023 | |
| See all 134 investments → | |||
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FAQ
What does AAF Management Ltd. invest in?
AAF Management Ltd. invests primarily in Software, FinTech and Financial Services startups, most often at Seed and Series A stage. Most of the 134 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is AAF Management Ltd.'s check size?
AAF Management Ltd. typically joins rounds of $1.3M–$6.5M at Seed, $125k–$3.4M at Pre-Seed and $5.5M–$20M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds AAF Management Ltd. participates in.
How do I contact AAF Management Ltd.?
Public channels for AAF Management Ltd. include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at AAF Management Ltd.?
The team at AAF Management Ltd. includes Evan Hendrick (Senior Investment Associate), Kyle Hendrick (Founder & General Partner) and Matt Michelsen (Venture Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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