Santa Barbara Venture Partners Fund 2

About Santa Barbara Venture Partners Fund 2

B2B Software, Tech-enabled Services, Life Sciences, Healthcare, Recurring Revenue Models focused fund

Investment Focus

Location / RegionUnited States

Funding StageSeries A

Industry Focus

Biotech

Digital Health

Enterprise Software

Investor Signals Profile

active

Sweet Spot

Revenue-generating B2B SaaS founder at Series A–C with capital-efficient, scalable model

software

capital-efficient

Series A-C

recurring revenue

secondary liquidity

Bullish Signals

Fund II freshly closed at $25M with early exits already executedblog

LP-first liquidity strategy differentiates SBVP in prolonged exit marketblog

Proven track record with $11M Fund I in capital-efficient software companiesblog

WSJ feature: created own liquidity in no-exit marketwebsite

$1.5M platform ARR driven directly for portfoliowebsite

Rated #1 value-add investor by portfolio CEOswebsite

Contrarian Signals

Fund actively sells portfolio stakes early — less patient capital than typical VCblog

Strict revenue validation required; pre-revenue deals likely rejectedblog

Small team — bandwidth limits portfolio sizewebsite

Founder Do's

Show $2M–$50M ARR with validated revenue before pitching

Demonstrate capital efficiency and lean burn

Highlight scalable recurring revenue model

Be prepared for partial secondary sales as valuation grows

Expect active help with customer acquisition & strategic intros

Founder Don'ts

Avoid pitching pre-revenue or unvalidated concepts

Don't expect indefinite hold — fund actively sells partial stakes

Avoid hardware or non-recurring revenue models

Key GPs & Partners

Dan Engel

Founder & Managing Partner

ex-foundermetrics-driventhesis-driven

Daniel Hedden

Partner

customer-acquisitionrevenue-focused

Andrea Hurtado

Marketing & Platform Lead

marketingplatform

Sarah Stark

Venture Capital Fund Operations

operations

Jennifer Weisman

Fund Finances

finance

Christy Noay

Research Assistant

research

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Fund Overview

Fund Size$25M

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Website

Key People

Dan Engel, Daniel Hedden

Dan EngelFounder & Managing Partner

Daniel HeddenPartner

Andrea HurtadoMarketing & Platform Lead

Sarah StarkVenture Capital Fund Operations

Jennifer WeismanFund Finances

Christy NoayResearch Assistant