Fund profile / United States

Santa Barbara Venture Partners Fund 2

Geography: United States
Stage: Series A
Fund size: $25M
Focus: Biotech, Digital Health and Enterprise Software
Signals: Published

N°01 / About

About Santa Barbara Venture Partners Fund 2

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

N°02 / Thesis

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

CEOs report Dan & Dan intros create strategic, honest conversationslatest website

Portfolio cite meaningful intros as #1 differentiator vs other VCslatest website

#1 value-add investor despite not being largest check sizelatest website

SBVP specialty: customer acquisition acceleration for portfolio companieswebsite

Portfolio CEOs: SBVP kept founders hopeful through darkest timestestimonials

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

34 signals on Santa Barbara Venture Partners Fund 2

17 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 6 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$25M

Saves0

Website

People

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

N°04 / See also

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