Gutter Capital, a New York venture capital firm, closed on $25 million in capital commitments for its first fund to invest in pre-seed and seed stage companies focused on affordability, economic mobility and climate change.
Founding partners Dan Teran and James Gettinger met while students at Johns Hopkins University. Prior to starting Gutter Capital, Teran started his first company, Managed by Q, which automated office management. He sold that business to WeWork in 2019 for $220 million and joined the company to lead global corporate development and ventures following the acquisition.
Meanwhile, Gettinger was initially involved in online gambling, winning multiple world competitions before developing a software-driven process to predict athlete performance and opponent behavior.
In 2017, they began investing some of Gettinger’s gambling winnings, and then later Teran’s Managed by Q proceeds, building a portfolio of over 100 angel investments, which included Bowery Farming, Electric.ai and Ribbon Homes.
Forerunner is software for NFIMBYs, or no flooding in my backyard
