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Binary Capital

Company

Investment-firm

Financing round

General

About Company
Binary Capital was a venture capital firm specializing in early-stage investments in consumer technology.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2014

Operating Status

Closed (01.01.2018)

IPO status

Private

Description

Founded in 2014 by Jonathan Teo and Justin Caldbeck, Binary Capital raised a $125M fund and focused on investing in early-stage consumer technology companies. The firm was headquartered in San Francisco and had made 16 investments, with notable portfolio startups including Havenly, Atrium LTS, and Educents. However, the firm faced controversy when Caldbeck took an indefinite leave of absence following allegations of sexual harassment. Despite this, Binary Capital's first fund was taken over by Lerer Hippeau in 2018, while the second fund was shut down.
Contacts
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Date 
name 
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Raised 
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People

Founders
2
Jonathan Teo
Jonathan Teo

Jonathan Teo

Mr. Jonathan Teo is the Founder, Partner, Founding Partner, Co-Founder, and Managing Partner of Binary Capital. Mr. Teo serves as an Advisor at Gen Y Capital Partners I LLC and SparkLabs. Mr. Teo serves as a Venture Advisor at General Catalyst Partners. He helps General Catalyst Partners explore emerging models for consumer products.

current job

Bain & Company
Bain & Company

count Of Investments

5

Jonathan Teo

Justin Caldbeck
Justin Caldbeck

Justin Caldbeck

Justin Caldbeck is a Co-Founder and Managing Partner at Binary Capital since July 2014. In June 2017, Justin announced an indefinite leave of absence from Binary Capital. Previously, Justin was a Managing Director at Lightspeed Venture Partners from January 2011 to June 2014. Justin invested primarily in the Internet and mobile sectors with a focus on social media, e-commerce and enterprise software. Justin’s past investments include Bloomreach, GrubHub, PetFlow and TaskRabbit. Justin has also been a Board Member or Board Observer for numerous successful companies including TheFind, INRIX, Adready, Magazine Radar, Oyster.com and DNA Games. Before joining Lightspeed, Justin was a Partner at Bain Capital Ventures and was responsible for launching the firm’s West Coast office. Justin was both a Member of the Board of Directors and Board Observer for a wide variety of consumer internet, enterprise software, and business services companies, including BloomReach, TheFind, Adready, INRIX, DNA Games, Oyster.com, and Magazine Radar. Before Bain Capital Ventures, Justin was at McKinsey and Co. where he served consumer and media companies in a wide range of capacities. Justin holds a B.A. in Economics from Duke University and an MBA from Harvard Business School.

count Of Investments

8

count Of Exists

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Justin Caldbeck

Activity

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