README FILE

v2.0

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 believe a small handful of companies define each generation. 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 to doing this is flexible, long-term, multi-stage, and global.

Strategies

Strategies

We’re relentlessly focused on one thing: owning stakes in the best companies and funds. Period.

To achieve that goal, we have an open mandate and take a full-stack approach. We spend the vast majority of our time investing directly across private markets. And then we supplement that focus by investing through funds alongside great GPs, via purchases of secondary sales, and by acquiring minority interests in general partnerships (both firms and funds).

1

Early-stage venture capital

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

2

Limited partnership interests

We also back extraordinary investors by investing alongside them in their funds as limited partners. When we do, we usually invest through sidecar vehicles created for investors and advisors that add tangible value. We're investors in funds from NfX, Weekend Fund, Not Boring, Supercharge.vc, Designer Fund, GEM Realty, and many more exceptional firms.

3

Secondary sale purchases

Over time, we've broadened our mandate to include secondary sale purchases. When we participate, we do so as an acquirer focused on both private company shares and LP fund positions. We complete diligence in days (not weeks), make firm final offers, and close quickly. Our goal is to be the acquirer of choice.

4

General partnership stakes

We invest in world-class GPs in search of liquidity and a great long-term partner. As a GP ourselves, we have deep experience in fund strategy, due diligence, portfolio construction, capital formation, and investment strategy. We enjoy working directly with our GPs to add alpha. To date, we've acquired stakes in Polychain and Designer Fund (Fund I and II).

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, combining our focus on fintech and frontier technologies with hands-on design support for portfolio companies. Over the last 5 years we've deployed 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 is part of Arcadea along with Ligature, Primal Funds, and Wildside.

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 is part of Arcadea along with Ligature, Primal Funds, and Wildside.