VC Built for Vertical software.
Your Partner from Inception.
WHat we do


We back domain experts building category-defining vertical software companies for large, underserved industries.

Over 50% of software exits today are vertical, yet little infrastructure exists to support vertical software founders from Day Zero.

Vertex, our collective of 60+ leading CEOs and industry executives, is a network & center of excellence for Vertical SaaS operators, helping us partner with and support top founders from inception.

our
focus

We invest exclusively in what we know: software founders with unique domain expertise (usually from industry roles or past startups) transforming the backbone industries of the economy. We write initial checks of $500k to $1.5m, typically leading or co-leading pre-seed or formation-stage rounds. On average, Euclid partners with only 6 new companies per year, as we dedicate most of our time to our existing founders. Based in San Francisco, CA, we bring Silicon Valley networks and resources to standout founders across the US and Canada (with a core presence in and initial focus on those markets).

Long-term
Partners

Our founders are our priority. We build life-long professional partnerships centered around achieving outlier outcomes. We help founders build industry-dominant platforms, leveraging the support of leading vertical CEOs who have been there before. Euclid aims to be the first of many excellent partners on our founders' cap tables and their first call, in good times and bad. While we're experts in the journey from Day Zero to Series A, we do reserve capital to support our portfolio through future rounds. We are long-term thinkers, investors, and advocates.

We focus on Four Core Themes in Vertical Software
Unbundling Financial Services

Rethinking financial services to serve industry-specific needs, from lending to payments.

Shrinking the
Value Chain

Streamlining supply-demand relationships and transactions through novel, digitally native business models.

Democratizing
Software

Enabling all industries to access & leverage cutting-edge technology & infrastructure.

Deskless
Workforce

Solving labor shortages & increasing productivity for industry workers with specialized workflows.

WHO WE ARE

Omar El-ayat

General partner

Omar has 10+ years of experience leading early-stage investments in industry-changing vertical startups such as Postmates (acq. by Uber), BuildingConnected (acq. by ADSK), Hungryroot, and HomeLight. Prior to Euclid, he was a Partner at Crosslink Capital, which he joined in 2010.  He lives in San Francisco with his wife, two dogs, and two cats.

Nic Poulos

General partner

Nic has 10+ years of experience leading seed and pre-seed investments in vertical software platforms, such as Transfix, Electric, and VNDLY. Prior to Euclid, he was a GP at Fifth Wall and Bowery Capital, which he co-founded in 2013. After 15 years in NYC, Nic is back in his hometown of San Francisco where he lives with his wife and dog.

VERTEX: center of excellence for Vertical SaaS

We are supported by 60+ leading vertical CEOs and operators that help us identify, partner with,
and support the next generation of breakout founders in our thesis.

Jack Greco
Co-Founder,
ACV Auctions
Laura Behrens Wu
CEO and Co-Founder,
Shippo
Ryan Smith
CEO and Co-Founder,
LeafLink
Dustin Devan
CEO and Co-Founder,
BuildingConnected
Dan Magnuszewski
CTO and Co-Founder,
ACV Auctions
Doug Feirstein
CEO and Co-Founder,
LiveOps
Taylor Katzman
CEO and Co-Founder,
Provi
Drew McElroy
CEO and Co-Founder,
Transfix
Ben McKean
CEO and Co-Founder,
Hungryroot
Sean Behr
CEO,
Fountain
Tim Neal
CEO and Co-Founder,
GoExpedi
Hicham Ourghiri
CEO and Co-Founder,
Enigma
Jessica Alter
VP of BD,
Figma
Sean Henry
CEO and Co-Founder,
Stord
Elizabeth Iorns
CEO and Co-Founder,
Science Exchange
Drew Uher
CEO and Co-Founder,
Homelight
first-check VC
for Vertical SoftwAre Founders

We help domain experts build industry-transforming businesses.

CONTACT US