What companies does What If Ventures invest in?

What If Ventures has 41 recorded portfolio companies, including SpaceX, Figure AI, Kraken.

What is What If Ventures's AUM?

What If Ventures manages approximately $120.0M in assets.

Is What If Ventures actively investing?

What If Ventures's most recent recorded investment was in Jan 2026, with 20 investments in the last 12 months.

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What If Ventures key facts

What If Ventures is a venture capital firm based in Frisco, Texas with 41 tracked portfolio companies.
Notable positions include SpaceX, Figure AI, Kraken.
PrivateMarketView records 2 deal participations by What If Ventures.
What If Ventures’s most recent recorded investment was in Jan 2026, one of 20 in the last 12 months and 38 over two years.
What If Ventures has 60 funds on record, raising $51.3M across the 60 that report a size.
The team roster lists 1 person.

About What If Ventures

Founded in 2020, What If Ventures is a venture capital firm based in Frisco, Texas. The firm invests in startups in the artificial intelligence, aerospace & defense, energy, fintech, healthcare, and related sectors.

Investment activity

What If Ventures joined 2 recorded rounds in the last two years (1 in the last 12 months). By year: 1 in 2026 and 1 in 2025. Most recently: Neurophos (Series A, Jan 2026) and Figure AI (Series C, May 2025).

What If Ventures portfolio at a glance

41 portfolio companies are on record for What If Ventures, including SpaceX, Figure AI and Kraken.

31 of the 41 carry a recorded valuation and 4 have recorded secondary-market trades, the names a secondary buyer or seller can price.

What If Ventures funds

60 funds are on record for What If Ventures, totalling $51.3 million across the 60 that report a size. The most recent is What If Ventures Senseye Series A - What If SPV LLC (2023 vintage).

What If Ventures team

1 person is on record at What If Ventures. Senior names include Stephen Hays (Founder). 1 of them have a verified direct contact on file.

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Portfolio

41 companies · priced for members

Company	Industry	Valuation	First invested	Role
SpaceX	Aerospace and Defense	▮	▮	▮
Figure AI	Other Hardware	▮	▮	▮
Kraken	Financial Software	▮	▮	▮
+ 38 more companies · all 41, priced and dated or a free account shows the top 10 names — no card The whole book · Pro $99 a month Membership and data by Private Market View

What If Ventures recent deals

2 recorded

Jan 2026NeurophosLater Stage VC (Series A)▮

May 2025Figure AISeries C▮

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Funds

6 of 60 recorded

What If Ventures Senseye Series A - What If SPV LLC2023$545K
What If Ventures Granata Bio - What If SPV LLC2023$197K
What If Ventures Mimio Health Seed - What If SPV LLC2023$171K
What If Ventures Carbon Health 2023 - What If SPV LLC2023$480K
What If Ventures Calibrate 2022 a series of What If SPV LLC2023$205K
What If Ventures Firefly Series B1 - What If SPV LLC2023$741K

$51.3M raised across the 60 funds that report a size

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Team

1 people on record — 1 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

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Frequently asked about What If Ventures

What companies does What If Ventures invest in?: What If Ventures has 41 recorded portfolio companies, including SpaceX, Figure AI, Kraken.
What is What If Ventures's AUM?: What If Ventures manages approximately $120.0M in assets.
Is What If Ventures actively investing?: What If Ventures's most recent recorded investment was in Jan 2026, with 20 investments in the last 12 months.