fundmomentum.vc

Santa Barbara Venture Partners Fund 2

United States
Series A
Share

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

Capital-efficient B2B SaaS founder Series A–C seeking hands-on customer acquisition help

software
capital-efficient
Series A-C
recurring revenue
customer acquisition

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
Dan & Daniel legendary for deal intro credibility and negotiationsportfolio testimonials
Portfolio CEOs cite SBVP as most valuable investor day 1portfolio testimonials
CEOs: Dan & Dan intros enable strategic honest conversations fasterwebsite
Portfolio reports: customer acquisition platform directly drove deal closureswebsite
CEOs: masterclass deal negotiation teaching from Dan & Danportfolio testimonials
Portfolio companies credit SBVP with preventing founder despair during downturnsportfolio testimonials

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
Leverage Dan & Dan for deal negotiation masterclasses & 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

DE
Dan Engel
Founder & Managing Partner
ex-foundermetrics-driventhesis-driven
DH
Daniel Hedden
Partner
customer-acquisitionrevenue-focusedhands-on
AH
Andrea Hurtado
Marketing & Platform Lead
marketingplatformops
SS
Sarah Stark
Venture Capital Fund Operations
operations
JW
Jennifer Weisman
Fund Finances
finance
CN
Christy Noay
Research Assistant
research

Unlock Investor Signals

$29/month for full signal access. Cancel anytime.

View PlansBrowse all Signal Profiles →

Fund Overview

Fund Size$25M
Saves0
Website
LinkedIn

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

Related Funds

Sugar Free Capital Fund I

$32M
United States
Pre Seed
Developer Tools, Ai Ml, Infrastructure Tech
Fund Manager:Sheena Jindal, Stephanie Beyda
Pre Seed
Developer Tools
Ai Ml
Infrastructure Tech

AlpInvest Co-Investment Fund IX

$4100M
United States
Series A
Enterprise Software
Fund Manager:Marleen Dijkstra, Richard Dunne
Series A
Enterprise Software

FM Capital Fund IV

$240M
United States
Series A
Ai Ml, Climate Sustainability, Deep Tech, Mobility Transport, Saas
Fund Manager:Chase Fraser, Mark Norman
Series A
Ai Ml
Climate Sustainability
Deep Tech
Mobility Transport
Saas