Black Diamond Ventures

bdventures.com

VCMatch tracks Black Diamond Ventures as an investor focused on Biotech, Deep Tech, and Medtech companies, Series B and Growth rounds, United States and California markets, and $2m to $10m check sizes. Upload your deck to compare your startup against the full private matching profile.

Check Size

$2m to $10m

Stages

Series B, Growth, Late Stage

Focus Areas

Biotech, Deep Tech, Medtech

Geography

United States and California

Investment Thesis

Black Diamond Ventures is a transformational venture capital firm that describes itself as ‘opportunistic investors’ with decades of experience dedicated to the VC and tech ecosystem. Founded by second-generation VC Chris Lucas, BDV thrives on evaluating multi-stage companies with visionary founders poised to transform their markets. The firm combines a mission-driven approach with practical operational expertise, delivering access to leading strategic and investment opportunities through an established network while supporting extraordinary founders at every stage.

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Investment Focus

Who should take a closer look

Black Diamond Ventures is most relevant for founders raising Series B, Growth, and Late Stage rounds in Biotech, Deep Tech, Medtech, and AI/ML, especially across United States and California, with public check-size signals around $2m to $10m.

Focus statement

BDV invests in visionary founders pioneering market-transforming technologies, focusing on multi-stage investments (Series B, later stage, and growth capital) in the biotech, deep tech, and med tech sectors, with verticals including AI, big data, machine learning, materials science, and semiconductors. Initial and follow-on investments range from $2MM to $10MM.

Value Add

Hybrid investing model - described as 'transforming traditional VC with the next level of hybrid investing'
Second-generation VC leadership with extensive operator experience (founder Chris Lucas has 35+ years of capital raising, board positions, and successful exits including DexCom IPO)
Diverse, experienced team combining seasoned investors, serial entrepreneurs, and operators who provide both capital and strategic insights
Strong track record of supporting companies through successful IPOs and acquisitions (DexCom, DivX, Khimetrics, Force10 Networks, etc.)
Multi-location presence (Los Angeles and Los Gatos/Silicon Valley offices)
Network-driven approach providing access to strategic and operational support through partner ecosystem