README FILE

v1.02

Risk-on capital for building what's next.

Risk-on capital for building what's next.

Thesis

Thesis

We are patient, risk-on capital for building what's next.

Every once in a while, new companies are built that change everything. We exist to fund these companies at the earliest stages, when the idea is far from consensus, and partner with them for decades. Our approach is flexible, long-term, multi-stage, and global.

Strategies

Strategies

We provide risk-on capital for building what's next. Our approach is flexible, long-term, multi-stage, and global. All thanks to a deep base of permanent capital.

1

Early stage venture

We back founders building what's next with as little as $50K and as much as $1M. Historically, 97% of our investments are Seed through Series A. We're generalist investors with a deep interest in financial infrastructure, full-stack hardware x software solutions, and frontier technologies.

2

General partnership stakes

We help GPs in search of liquidity and long-term partners. As GP ourselves, we have deep expertise in fund strategy, portfolio construction, and capital formation. We own minority stakes in Polychain and Designer Fund (Fund I and II). We're open to select investments in the world's best GPs and funds.

3

Secondary sale purchases

Over time, we've broadened our venture to invest in secondary sales of both private late-stage companies as well as venture and private equity funds. We've acquired entire fund positions from LPs and entire holdings from early-stage investors, advisors, and employees in search of liquidity. We complete diligence, make firm offers, and close quickly.

4

Family of funds

In 2019, we founded Ligature: The Design VC to scale our impact. Ligature is focused solely on early-stage venture capital — primarily Pre-Seed through Series A — and combines a focus on fintech and frontier technologies with hands-on design support for portfolio companies. Over the last 5 years we've raised more than $10M and earned top-decile returns every single year.

Blackletter
885 Arapahoe Ave
Boulder, CO 80302

Blackletter
885 Arapahoe Ave
Boulder, CO 80302

© 2025 Blackletter. All rights reserved.
Blackletter is a trademark of Arcadea IP LLC

© 2025 Blackletter. All rights reserved.
Blackletter is a trademark of Arcadea IP LLC

Blackletter Capital L.L.C. (“Blackletter”) maintains the websites blackletter.com and ligature.vc. Information with respect to Ligature is available through Ligature.vc. Blackletter does not solicit, offer, or sell securities via the Internet. Any representations to the contrary and any websites other than Blackletter.com and Ligature.vc are not endorsed by Blackletter.

Blackletter Capital L.L.C. (“Blackletter”) maintains the websites blackletter.com and ligature.vc. Information with respect to Ligature is available through Ligature.vc. Blackletter does not solicit, offer, or sell securities via the Internet. Any representations to the contrary and any websites other than Blackletter.com and Ligature.vc are not endorsed by Blackletter.