Streamlined Ventures

Firm Profile

Conviction-driven solo-GP seed fund founded 2013 by Ullas Naik in Palo Alto. ~**$325MAUMacross8funds\ast \ast (5seedfunds+3opportunityfunds);200+portfoliocompanies,16–22unicorns(sourcesvary),earlybetson\ast \ast DoorDash,AppLovin,Rappi,Bolt,EasyPost,Rigetti,ForgeGlobal\ast \ast (multipleWebSearchsources+devcurationSubstack+parsers.vcagree).Naikrunsitsolo-GPstyle—noinvestmentcommittee,fastdecisions,founder-first"operatingplan"coaching.\ast \ast Stage:seed\ast \ast (will\ast \ast leadorco-lead\ast \ast seeds—confirmedleadprecedent:Breinify,Betterleap,Fu{n}^{\prime }sseed).\ast \ast Checksize$100K–$2.5M\ast \ast (perdevcuration;anotherprofilesaysupto$10M incl. opportunity-fund follow-ons; Naik’s personal sweet spot ~$300K). Thesis: AI/ML, data science, automation, fintech, Web3, enterprise software. Global reach (Palo Alto → Berlin, Mexico City, Tel Aviv).

Funds / vintage: most recent **Fund V — $140M\ast \ast (closedOct2022,alongsidea3rdopportunityfund);thatclosebroughtAUMto$325M. ^[Fund V is the latest publicly disclosed vintage as of May 2026]

Partners

• Ullas Naik — Founder & General Partner (the firm; solo GP). Ex-Managing Director at Globespan Capital; backed Palo Alto Networks, Roku, Redfin, BladeLogic early; WSJ “Wall Street All-Star” as an analyst at FAC Equities. (No init.inc relationship landed — no partner stub created.)
• ⚠️ Lukas Linemayr — listed as a Partner at Streamlined (LinkedIn + parsers.vc + Exa all list him). Cross-CRM note: this is the same Lukas Linemayr who runs the stealth fund Petra (init.inc CRM row 28 — a separate Lost/soft-pass via Toms Ce). Worth knowing the Streamlined ↔ Petra/Linemayr overlap if either path is ever revisited.

Recent pre-seed/seed activity (Pass-1 sketch — ≤5 deals)

• Fun (crypto/fiat payments infra; Polymarket deposit provider) — Naik led the ~$3.9M2022seed\ast \ast ("leadingyourseedround,"perhisownLinkedIn)and\ast \ast participatedinthe$72M Series A (May 2026, co-led Multicoin + SignalFire). Board seat. ⚠️ init connector Cory Levy (CRM r70) also participated in the A.
• Matey (Matey AI) — $7.5M seed, Aug 2025 (Timespan Ventures led; Neo returning, Streamlined new). Legal AI for criminal defense. ⚠️ Neo is also an init CRM contact (r66).
• Breinify — $3.5M seed (2020), Streamlined led (+ earlier pre-seed lead). Lead-precedent data point.
• Betterleap — 2021 seed led by Streamlined (amount undisclosed). Lead-precedent.

Full data → /Users/sazzad14/seed-market-scan/firms/streamlined-ventures.csv. (Recent press-attributed Streamlined-led seeds are thin; an exhaustive 18–24mo pull needs PitchBook/Crunchbase Pro in Pass 2.)

Best data channels for this firm

Ullas Naik’s LinkedIn is the best signal — he posts personally about portfolio milestones (“leading your seed round,” board joins). parsers.vc + Crunchbase carry the portfolio list; devcuration / vcsheet / signal.nfx are best for thesis + check-size framing. Press credits the lead in co-investments, so Streamlined’s participant checks (Matey) surface only via TradedVC-style deal trackers. Fund-level AUM/vintage best from the Oct-2022 $140M-fund coverage.

Fundraise Relationship (init.inc)

• Status: DEAD — intro never landed. Streamlined backs AI/ML + enterprise software at seed and will lead. The relationship never started: Toms Ce offered to intro Sazzad to Ullas on 2026-04-27, and the connection never happened. Latent shared nodes who co-invest with Streamlined: Cory Levy / Neo (both already in init’s network).
• Conversation log (newest first):
  • 2026-05-17 — Killed. “Never got connected to Ullas (per Sazzad). Killing — intro never landed.”
  • 2026-04-27 — Toms Ce offered the intro to Ullas Naik. (Never converted.)
• POC: Ullas Naik (Founder & GP) — the intended target; never reached. Intro source: Toms Ce → toms-ce.
• Mutual connections / warm path: Toms Ce (offered, never sent) → toms-ce. Latent shared nodes: Cory Levy and Neo both co-invest with Streamlined (Fun, Matey) and are independently in init’s pipeline — either could be a fresher revival path than Toms.
• Competitor-conflict flag: None found. No Streamlined position in any of init’s 8 tracked AI-ITSM competitors per cap-table-patterns-across-startup-competitors. Clean lane — the kill is pure intro-failure, not conflict/thesis.
• Personal & rapport notes: Naik values conviction, speed, candor, low-ego founders and “operating-plan clarity.”

Cross-check vs existing wiki

No prior Streamlined mention in cap-table-patterns-across-startup-competitors or competitor cap tables — no contradictions. One reconciliation worth flagging: Streamlined’s Partner Lukas Linemayr = Petra (CRM r28), an independent init path that also went Lost (soft pass “stage too early”). Treat the two as related people-nodes if revisiting either.

Related

toms-ce · petra (Lukas Linemayr’s other fund) · susa-ventures (sibling Toms-Ce path) · cap-table-patterns-across-startup-competitors

Pass 2 deal pattern (2026-05-27)

Verified (Pass-1 rows, all carried forward):

• ✅ Fun ($3.9M2022seed,Streamlinedled;$72M Series A May 2026, participated) — both rows confirmed by Naik’s own LinkedIn post + Fortune + The Block.
• ✅ Matey ($7.5M seed, Aug 2025) — confirmed.
• ⚠️ Breinify ($3.5M seed, 2020, lead) — older lead-pattern row carried.
• ❓ Betterleap (2021, undisclosed lead) — Pass-1 carry; still single-source.

Net-new in Pass 2 (4 deals — all surfaced via parsers.vc/fund/streamlined.vc/ Pass-2 sweep):

• ✅ Spangle AI — $15M Series A, Jan 8 2026, NewRoad Capital Partners led; Madrona + DNX + Streamlined + angels participated. Agentic commerce infrastructure (REVOLVE, Steve Madden, Alexander Wang). Streamlined was earlier-round backer (Madrona led the prior seed). Seattle.
• ✅ Honey Health — $7.8M seed, Oct 27 2025, Pelion Ventures led; Streamlined + Burst + 8-Bit participated. ⚠️ Adjacency flag for init.inc: Honey Health = autonomous AI agents automating BACK-OFFICE healthcare admin workflows — sector-adjacent to init.inc’s back-office-AI positioning. Worth a thesis/competitor-adjacency glance. Mountain View; ex-LinkedIn AI founders; 100+ medical groups.
• ⚠️ Lava Payments — $5.8M seed, Aug 8 2025, Lerer Hippeau led; Streamlined + Harlem Capital + Westbound participated. Digital wallet. Single-aggregator source (parsers.vc) — verify in Pass 3 if pursuing.
• ⚠️ zafon (action-oriented AI) — $9.7M pre-seed, Jul 30 2025, HV Capital led; Streamlined + Kakao + Oliver Jung + OpenAI/xAI angels participated. SF. Spelling/casing of company name is unusual — flag for re-verification.

Lead-rate / check / stage pattern: Pass-2 data reinforces Pass-1’s thesis on Streamlined’s role: Ullas Naik will lead seeds when the company is in his early-conviction zone (Fun 2022, Breinify 2020, Betterleap 2021), but recent (2025-26) named rounds are nearly all participations in seeds/pre-seeds/Series As led by other funds (Spangle/NewRoad, Honey/Pelion, Lava/Lerer Hippeau, zafon/HV, Matey/Timespan). Check size remains $100K-$2.5M typical, larger via opportunity fund. Best data channel (Pass-2-confirmed): parsers.vc/fund/streamlined.vc/ was by far the most productive Pass-2 source — surfaced 4 net-new rounds the original Pass-1 missed; Ullas Naik’s LinkedIn is the second-best (best for his own led-rounds + board joins); FINSMES + TradedVC + theaiinsider for participation-tier confirmation. Press almost always credits the lead, not Streamlined.