Brief
BAG Ventures raises $11.3 M to fund enterprise‑focused AI startups
The new fund will invest $100‑$500 k in startups across AI infrastructure, edge AI, security and vertical SaaS.
By Felo News Desk · Published
Two former Google executives have closed an $11.3 million fund to back early‑stage AI startups that aim to sell directly to enterprise customers, TechCrunch reported.
What happened
BAG Ventures, founded by ex‑Google vice‑president Bonita Stewart and former CapitalG partner Jackson Georges Jr., announced the fund’s closure on 30 September 2026. The firm has already invested in ten companies, including SXD, BizTrip and Nomadic, and plans to deploy the remaining capital over the next two years, with individual checks ranging from $100,000 to $500,000.
What the reports add
The article notes that BAG Ventures’ limited partners include Google and operators from Nvidia, Amazon and Snowflake, totaling more than 150 firms. Stewart’s background includes a 17‑year tenure at Google and board service at Gradient Ventures, while Georges previously worked at GE Healthcare and led the angel syndicate BAG Collective.
What was said
“Founders needed inside access to the organizations they wanted to sell into, and we knew so many high‑level operators who wanted to support early founders but didn’t know how,” Georges said.
“We don’t just give founders capital; we give them direct warm introductions to potential customers and hands‑on go‑to‑market advice,” Stewart added.
How it came about
The fund builds on Stewart’s experience on Google’s board of Gradient Ventures and her involvement with the Female Founders Fund and Operator Collective. Both founders were part of the first cohort of the Black Venture Institute at Berkeley, which helped shape their focus on bridging the “AI divide” between founders and enterprise operators.
Key facts
- BAG Ventures closed an $11.3 million fund to back early‑stage AI startups. (techcrunch.com)
- The fund will make checks of $100,000‑$500,000 over the next two years. (techcrunch.com)
- Limited partners include Google, Nvidia, Amazon and Snowflake, totaling over 150 firms. (techcrunch.com)
Sources
- [1] techcrunch.com — originally reported as “Two Google alumni raise $11. 3M to back AI startups that enterprises will actually pay for”
