Menlo Park · Early-stage venture capital

We back founders building companies that should last decades.

Cross Axle Ventures is an early-stage venture capital firm investing in durable consumer technology and applied AI. We manage approximately $480 million across two funds. We lead and we co-lead Series A rounds, and we typically hold positions for at least eight years.

Thesis

A new generation of consumer technology is being built on top of foundation models. The companies that will matter in twenty years will be the ones that treat the customer relationship as the product, and the model as the substrate.

We invest at the earliest stages — typically the first institutional round — and we look for founders who are designing for retention curves rather than acquisition curves. We do not chase year-over-year revenue multiples; we look for businesses where the unit-economic case strengthens the longer a customer remains.

We are happy to be the first call and the only call. We prefer to lead, and we will write the first check.

01

Founder-priority terms

Our standard documents are calibrated to keep founders in control of board composition, follow-on financing, and product direction for as long as the company is performing against its own plan.

02

Durable retention

We underwrite to retention curves, not acquisition cohorts. We are most interested in products customers expect to use for years, not sessions.

03

Long holds

We have not sold a position in our first fund. Our LPs are aligned to a holding period longer than the typical venture cycle, and that latitude is passed through to our companies.

Portfolio

A selection of currently held investments. We do not maintain a comprehensive public portfolio list.

Intersoul
Series A lead, 2024 · Companionship infrastructure

Durable AI companionship; subscription product designed to retain a single customer relationship across years. Led the Series A in September 2024.

Glimmer Health
Seed lead, 2022 · Longitudinal health

Continuous-care platform for chronic-condition management, designed around clinician-to-patient continuity rather than transactional visits.

Voxhall
Series A lead, 2023 · Voice infrastructure

Low-latency voice synthesis and streaming infrastructure powering subscription consumer products with long-lived user relationships.

Apnea Labs
Seed lead, 2024 · Sleep medicine

At-home sleep diagnosis and titration platform. Built for the multi-year care relationship typical of obstructive sleep disorders.

Provendor
Series A co-lead, 2021 · Consumer financial services

Subscription advisory product for households with intergenerational financial needs. Designed for retention across life events.

Marrowboard
Seed lead, 2023 · Applied AI

Consumer-facing tabletop and play-pattern product line built on generative systems. First-of-fund applied-AI consumer investment.

Team

Wren Iyer-Hollings

General Partner · Co-Founder

Led the firm's investment in Intersoul and serves on the Intersoul board. Previously an early-stage investor in consumer applied AI. Founded Cross Axle Ventures in 2019.

Mira Ashida

General Partner · Co-Founder

Heads the firm's health and longitudinal-care practice. Previously a clinician and an early operator at a long-tenure care company. Founded Cross Axle Ventures in 2019.

Jonas Vogt

Partner

Joined in 2022 to lead the firm's voice and consumer-AI practice. Previously a founding engineer at two consumer infrastructure companies.