← All case studies
Stealth case study. Company and founder name withheld — round not yet publicly announced. Updated when announced.
CASE STUDY · STEALTH · 2026 · PRE-SEED

$300K from Verdict Capital, via MatCap.

Pre-seed round closed in under 4 weeks of active outreach. Lead came from Niko Bonatsos at Verdict Capital, through a MatCap intro.

FOUNDER
Withheld
STAGE
Pre-seed
LEAD INVESTOR
Niko Bonatsos · Verdict Capital
FIRST INTRO SENT
April 21, 2026
RAISED
$300K
MATCAP'S ROLE
Sourcing, warm intros, pitch sharpening
BY THE NUMBERS

Every intro request, accounted for.

MatCap sent 51 intro requests on the founder's behalf between April 21 and May 13, 2026 — about three and a half weeks of active outreach. Here's how the network actually responded.

51
Intro requests sent
14
Engaged
1
Wired · Verdict / $300K
~3.5wk
From first intro to lead

RESPONSE BREAKDOWN

YES · 27%
PASSED · 35%
IGNORED · 16%
PENDING · 20%
Yes · 14 intros · 1 wired (Verdict)
Passed · 18 intros
Ignored · 8 intros
Pending · 10 intros (still live)

FIRMS THAT ENGAGED (14)

Verdict Capital ✓ $300K
1121 VC
Afore VC
Belief Capital
BoostVC
Brickyard
Campus Founders Fund
Copper Sky Capital
Formation VC
Geek Ventures
Looking Glass Capital
Pareto Holdings
Stone Mountain Ventures
Techstars Boulder

FIRMS THAT PASSED (18) — RECEIPTS, NOT JUST WINS

Active Capital
Animo VC
Banana Capital
Bloomberg Beta
Compound VC
Dorm Room Fund
First Round
Flex Capital
Haystack Fund
Hustle Fund
Mantis VC
Neo
Pear VC
Root VC
South Park Commons
Terrain
Tucker Seed Fund
Weekend Fund

First Round, Hustle Fund, Pear, Compound, Bloomberg Beta, Neo, South Park Commons — Tier 1 firms took the meeting. None of them led. Verdict did.

The challenge

[Mat to fill: high-level context about the founder + sector that doesn't reveal identity — e.g. "second-time founder, technical background, building in a regulated vertical" — plus what stage he was at when he came to MatCap and what specifically he needed.]

What MatCap did

The outcome

Building something venture-scale?

If MatCap is the right fit, the door is open.

Apply for advisory More case studies