Villi Iltchev is a Bulgaria-born venture capitalist who previously served as a Partner and Managing Director at Two. See sector focus and contact routes.
Villi Iltchev is a Bulgaria-born venture capitalist who previously served as a Partner and Managing Director at Two Sigma Ventures before launching his own firm, Category Ventures, in San Francisco. His investment thesis centers on early-stage enterprise software, specifically targeting SaaS, developer tools, and mobile applications at the pre-seed and seed stages. Through Category Ventures, he typically writes checks ranging from $1.5 million to $5 million to fund startups in this sector. Iltchev is notably recognized as an early investor in the now-public company GitLab, from which he generated approximately $900 million in profits, and has also invested in unicorns like Remote, Airtable, and GitLab. He currently holds board memberships at companies including Cerby, Zeromatter, Replicated, Okteto, and Castor, while maintaining investor roles in GitLab and Airtable. His distinctive point of view involves leveraging his track record to build an independent vehicle for enterprise software investing after leaving the hedge fund-backed Two Sigma Ventures.
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