Fund profile / United States

Corazon Capital Fund IV

Geography: United States
Stage: Pre-Seed
Fund size: $100M
Focus: AI/ML and Consumer & Commerce
Signals: Published

N°01 / About

About Corazon Capital Fund IV

Corazon Capital Fund IV is a $100M fund investing in AI-native startups redefining human experience. Based in Chicago with team members across LA, SF, and New York. Focuses on pre-seed to Series A.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StagePre-Seed

Industry Focus

AI/ML

Consumer & Commerce

Investor Signals Profile

active

Sweet Spot

Operator-founder building AI-native consumer or prosumer product that reshapes fundamental human behavior

AI-native consumer

behavioral platforms

pre-seed/seed

operator-led

human behavior change

LATAM expansion

urban innovation

youth opportunity

dignified work

Bullish Signals

Fund IV just closed at $100M — fresh capital, early deployment phaseblog

Team expanded to five partners, signaling capacity for 15-20 active investmentsblog

Proven DPI story from prior funds with real exits like TradingView and Brilliantblog

National expansion unlocks deals beyond Chicago; SF, LA, NY all coveredblog

LATAM play emerging: DG Carlos Flores Vargas anchors CDMX ecosystem partnershipstwitter

Founding partner of Distrito Tlalpan innovation hub with TEC Monterrey & UNAMtwitter

DG publishing deep youth opportunity research; 779k CDMX jóvenes oportunidad untapped markettwitter

Dignified-work thesis emerging: 12% CDMX youth access decent jobs, massive opportunity gaptwitter

Urban data infrastructure play: security perception mapping, economic modeling for alcaldíastwitter

Fund IV close confirmed; capital now actively deploying into thesis-aligned dealswebsite

Contrarian Signals

Deliberately avoids AI infrastructure, models, and enterprise toolingblog

Only ~15-20 investments per fund — very tight, no thesis drift toleratedblog

Consumer AI crowded at top; Corazon edge depends on entering pre-consensusblog

CDMX social/policy focus suggests some thesis expansion beyond pure consumer AItwitter

DG's focus on youth dignity & labor rights; suggests impact-flavored returns, not pure growthtwitter

63% of out-of-school CDMX youth are women; gender lens could reshape deal sourcing prioritiestwitter

Founder Do's

Show AI is the core product architecture, not a feature layer bolted on

Articulate how AI enables a fundamentally new user behavior, not just a faster old one

Pitch at pre-seed or seed — they enter early before clean retention data exists

Highlight founder-market fit and lived experience with the problem

Be open to non-SF founders; national presence means geography matters less

LATAM founders: Corazon has CDMX footprint via DG Carlos Flores Vargas partnerships

Youth/labor/education solutions in LATAM: DG actively sourcing dignified-work aligned startups

Founder Don'ts

Don't pitch AI infrastructure, foundation models, or enterprise tooling — explicit non-thesis

Don't claim AI-native without architectural proof — team will see through marketing veneer

Don't come in post-seed expecting same receptivity — they bet on thesis-fit early

32 signals on Corazon Capital Fund IV

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Facts

Fund Overview

Fund Size$100M

Saves0

Website

People

Key People

Sam Yagan, Steve Farsht

Sam YaganCo-Founder & Managing Partner

Phil SchwarzCo-Founder & Managing Partner

Alison StillmanPartner

Greg JohnstonPartner

Smriti JayaramanPartner

Carlos Flores VargasDirector General

N°04 / See also

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