Investor Profile: Seven Seven Six

Seven Seven Six, known as 776, is an early-stage venture capital firm founded in 2020 by Alexis Ohanian, the co-founder of Reddit. Its defining proposition is that it operates as a technology company that deploys venture capital: everything from deal sourcing to founder support runs on software, anchored by an internal operating system the firm calls Cerebro. Its stated investment philosophy is to back companies at the intersection of product and people, following the lead of the most ambitious founders it meets.

Ohanian co-founded Reddit in 2005, returned as executive chairman in 2014 to lead its turnaround, and later co-founded Initialized Capital before resigning from Reddit's board in 2020 to launch 776. The firm has published an unusually public accountability practice: its website reports what it did for founders in the last 365 days — 72 meetings with founders and their teams, 9 workshops, 25 sales and fundraising meetings, 13 intros made, 5 hires sourced and closed, 76 tasks and research requests completed, and 3,505 Cerebro network searches across 104,208 contacts, with a median response time of 2 hours 25 minutes.

On sectors and stages, the firm describes itself as generalist and early-stage, investing across the creator economy, space, climate tech, sports, fintech, web3, healthcare, collectibles, and AI. It says it almost always leads the rounds it participates in. Its sector emphasis has evolved with founder energy: Ohanian has said that if founders keep building in web3 the firm will keep funding them, while also seeing a strong push into climate tech, space tech, food tech, and SaaS.

On fund size, the firm has disclosed its raises publicly. Its first fund closed at $150 million in 2021; its second fund closed at $500 million across two vehicles in 2022 — $300 million for startups at their earliest possible stage and $200 million for companies at their growth stage. Both funds were oversubscribed, and assets under management stood at $750 million at the time of the second close. The firm's materials more recently state over $1.1B AUM (October 2025).

Notable portfolio companies named in the firm's public announcements include Alt, an alternative asset trading platform; Pipe, a platform making recurring revenue streams tradable; Axie Infinity, the web3 play-to-earn game; Metafy, a video-game coaching platform; and RetrievAir, a pet-first aviation service backed by the firm in October 2025 after the founders appeared on Shark Tank.

On the team, the firm is led by Alexis Ohanian as Founder and General Partner, and describes itself as a team of 14. It has also made its investor base public: 51% of its limited partners identify as female, 13% as Black or Indigenous people, and 10% as Latino/a/e.

On programmes and perks, 776 does not publicly state a separate accelerator, credits programme, or perks menu. Its founder offering is operational instead: Cerebro, the searchable network tool founders can use to find and request introductions, plus the firm's published accountability practice of reporting its founder-support work in public.