Since 2015, Indicator Fund has been investing in seed-stage technology startups and entrepreneurs. They have a diverse portfolio of companies, including Kitchenbowl, Bitnomial, and Quartz Systems. The fund focuses on industries such as aerospace and software, and typically invests in rounds with 4-5 participants. Indicator Fund has been involved in less than 2 investment rounds annually and has performed above average in terms of lead investments. They have received funding from sponsors like Y Combinator and SOSV, and typically invest in companies that are 2-3 years old.