Leonis Capital Fund II | 2025 VC Fund

Leonis Capital

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Status

ACTIVE

Global HQ

San Francisco, United States

Countries of investment

United States
India

Investment stages

Pre-Seed
Seed

Industries

Artificial intelligence
Enterprise software
Industrial software
Techbio
Cybersecurity
Fintech
Blockchain
Productivity software

About
Leonis Capital is a San Francisco-based venture capital firm focused on AI-native startups. Their focus spans enterprise and industrial software, techbio, cybersecurity, fintech and productivity tools across the United States and India. The firm supports founders from pre-seed through seed stages.

Min check size: $25K
Max check size: $2M
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Investment Thesis

Leonis Capital is a pre-seed and seed stage firm investing in AI-native companies and technical founders, often before they reach mainstream investor attention. The firm differentiates itself through a research-driven approach powered by its proprietary system that tracks GitHub activity, research papers and hiring signals, and is co-led by former OpenAI researcher Jenny Xiao.

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Manager's Experience

Founded in 2021 in San Francisco by Jenny Xiao, a former OpenAI researcher, and Jay Zhao, a veteran venture investor. Raised a $10M debut fund, followed by a $25M AI Talent Fund in August 2025 backed by executives and researchers from Nvidia, OpenAI and Anthropic. Uses its proprietary research system to track GitHub activity and research papers. Portfolio includes MaintainX and Motion, with Fund I reporting a 200x unrealized gain on MaintainX.