About Zero Infinity Partners

• Founded: 2021

• Headquarters: San Francisco, California

• Strategy: Early-stage infrastructure technology, North America

• Thesis: Infrastructure software is rebuilding enterprise compute, networking, and data layers from first principles — Zero Infinity backs technical founders attacking legacy stacks with new primitives.

• Track record: Fund I closed at approximately $104m in 2021

• Leadership: Founded by Samir Chaudhry and Haakon Overli, both former Lightspeed partners

Zero Infinity Partners closed Fund II at $156m, a 50% increase over its $104m debut vehicle raised three years earlier. The fund was oversubscribed and maintains the firm's focus on early-stage infrastructure software, targeting seed and Series A rounds in companies rebuilding enterprise compute, networking, and data layers. No LP composition was disclosed.

The 50% fund-size increase after a three-year deployment window suggests Zero Infinity found product-market fit quickly — most emerging managers scale more cautiously between Fund I and Fund II. Comparable raises include Essence VC's $107m Fund II in late 2023 (also a 50% step-up focused on infrastructure) and Boldstart Ventures' $90m Fund V in early 2024, which marked a more conservative 20% expansion. The oversubscription points to LP conviction in infrastructure as a category, even as enterprise software valuations compressed through 2022–2023.

The question is deployment pace relative to fund size. A $156m pool targeting seed and Series A rounds in infrastructure — where check sizes typically range $3m–$10m — implies 15–25 core positions if the firm runs concentrated. Zero Infinity will need to scale sourcing and evaluation capacity without diluting the technical depth that anchored Fund I. Infrastructure investing rewards pattern recognition in system design and performance bottlenecks; that expertise doesn't replicate easily across a larger team. Whether the firm hired additional partners between Fund I and Fund II, and how it structures deal flow to preserve technical rigor at higher velocity, will shape Fund II's ability to match its predecessor's returns.

Source: AltAssets