Sasha Kaletsky & Caspar Lee (Source: Creator Ventures)

Creator Ventures announced the closing of a $45 million Fund II, more than doubling the size of its prior fund and bringing total assets under management to $65 million. The early-stage venture firm plans to lead and co-lead pre-seed and seed rounds with checks ranging from $200,000 to $2.5 million.

Co-founded by cousins Sasha Kaletsky and Caspar Lee, the firm focuses on founders building creative tools, consumer applications, marketplaces, and AI-enabled software-as-a-service adjacent to the consumer internet.

The firm built its foundation through angel investing beginning in 2019 with a $1 million Investment Club for Creators (“Fund 0”), followed by a $20 million Fund I in 2022. Creator Ventures reports significant returns, with Fund 0 achieving over 4x DPI and 6x MOIC, while Fund I currently stands at over 0.3x DPI and 3x MOIC.

Notable portfolio companies include beehiiv (an email newsletter platform), Praktika.ai (an AI language learning app), ElevenLabs (a voice AI platform), and Status (a social media app with over 1 million users). The firm has also seen early exits, with Wild acquired by Unilever and Runna acquired by Strava in early 2025.

“We still believe consumer seed founders are massively underserved by the current ecosystem – and we’re determined to help them where we can drive the most value in today’s consumer internet: social, creator, PLG, and GTM,” Lee wrote in a LinkedIn post.

Complementary Expertise

Kaletsky’s background includes consumer technology investing and private equity experience at Bridgepoint and Uber. Lee contributes his perspective as a creator with over 12 million social followers and as co-founder of influencer.com and talent management firm MVE.

“Consumer has the largest share of global GDP, almost all the biggest historical venture outcomes started as consumer businesses, and many of the clearest use-cases for AI transformation are in consumer,” Kaletsky said in a press release. “And yet, a small fraction of addressable venture dollars in recent years have been allocated to consumer startups.”

The new fund is supported by institutional limited partners, including Level Ventures, Cendana Capital, Vintage Investment Partners, Sequoia Capital, Marktlink Capital, Spring Creek, Isomer Capital, and Nexus Bay.