AZ-VC was built out of necessity to fill the void that existed in terms of capital sources for post-revenue companies looking to expand beyond seed-level financing. Without local financing options, these companies relied on venture capitalists outside of Arizona in places like Silicon Valley, Salt Lake City, Denver and elsewhere.
Fundraising is always hard – it’s even harder when you are from out-of-town.
In 2020, invisionAZ and its Chairman Jack Selby, made an announcement to lead the charge to create the largest venture capital fund in the state’s history. Anchored with $25M from Pinnacle West Capital Corporation, AZ-VC (formerly invisionAZ Fund) began to take shape.
In collaboration with prominent members of the Arizona community, this historic milestone has been achieved, demonstrating the inertia and conviction behind Arizona’s thriving tech ecosystem.
Fundraising is always hard – it’s even harder when you are from out-of-town.
In 2020, invisionAZ and its Chairman Jack Selby, made an announcement to lead the charge to create the largest venture capital fund in the state’s history. Anchored with $25M from Pinnacle West Capital Corporation, AZ-VC (formerly invisionAZ Fund) began to take shape.
In collaboration with prominent members of the Arizona community, this historic milestone has been achieved, demonstrating the inertia and conviction behind Arizona’s thriving tech ecosystem.
Employees: 1-10
Founded date: 2021
Investment Type: Venture Capital
Portfolio 1
| Date | Name | Website | Total Raised | Location |
| 09.08.2023 | Nuclearn | nuclearn.ai | $13M | United Sta... |
Mentions in press and media 7
| Date | Title | Description |
| 15.02.2026 | Bearing: $4.5 Million Seed Funding Raised For Scaling On The ServiceNow AI Platform | Bearing, a physical security operations software company built natively on ServiceNow, has closed an oversubscribed $4.5 million seed round to support team growth and accelerate product development aimed at automating physical security work... |
| 12.02.2026 | Bearing Closes $4.5M Seed Funding | Bearing, a Scottsdale, AZ-based physical security operations software company built natively on ServiceNow, raised $4.5M in Seed funding. The round was led by AZ-VC, with participation from High Alpha, PHX Ventures and Lightbank. The compan... |
| 10.07.2025 | ALTR: $5 Million Seed Raised For Alcohol Removal Technology | ALTR, a beverage technology company, has raised $5 million in seed funding to commercialize its innovative alcohol removal technology. Its proprietary “Flavor-First” process creates premium low-alcohol drinks that maintain a whole sensory e... |
| 18.07.2024 | BLUETAIL ANNOUNCES INNOVATIVE PRODUCT PLANS AMIDST UNPRECEDENTED GROWTH | Bluetail is the leading modern aircraft records platform in the maintenance information management space. AZ-VC is Arizona's largest venture capital fund. We target proven, post-revenue local companies, cherry-pick the best and brightest, a... |
| 28.03.2024 | The Journey Venture Studio Announces Strategic Collaboration with Valleywise Health and Additional Board Members | The Journey Venture Studio announces partnership with Valleywise Health. The Non-Profit Venture Studio Partners with the Local Healthcare System to Provide Aspiring, Diverse Entrepreneurs with New Opportunities to Build Disruptive Healthcar... |
| 17.11.2022 | Jack Selby of Thiel Capital is using a new VC fund to invest in Arizona startups | Jack Selby, a former PayPal exec and the longtime managing director of Thiel Capital who attracted some attention years back for his low-key largesse, has a new, $110 million venture fund that he intends to invest mostly in his adopted stat... |
| 17.10.2022 | AZ-VC Closes First Fund, at $110M | AZ-VC (formerly invisionAZ Fund), a Phoenix, AZ-based venture capital firm, closed its first fund, at $110m. The fund is backed by an almost Arizona-exclusive list of LPs, many of whom will be actively engaged as advisors in helping source,... |