Llama Ventures

Overview

Llama Ventures is a venture capital firm investing in early-stage companies where domain knowledge meets AI to reimagine the way we live and work. They focus on teams that combine AI with deep domain expertise to solve real problems, making how we live and work smarter, healthier, and more human. Their investment strategy emphasizes independent thinking, supporting founders when others overlook them, and staying grounded when the crowd rushes in. They back founders for their deep expertise and vision, offering help when it's welcome and giving space when it's not, so founders can focus fully on building. The firm is led by Jack Feng, a serial entrepreneur and technology leader who co-founded WandouLabs, which was backed by SoftBank with over $100M in investment and later acquired by Alibaba. As CEO of iHealth Labs in Silicon Valley, he led the development of AI-driven digital health solutions and the well-known orange-box COVID-19 home test, adopted by over 80% of U.S. households. In 2025, Jack was recognized by the Silicon Valley Business Journal as one of its 2025 Power 100 Leaders. Other key team members include Herman Zhou, a serial entrepreneur and the creator behind two publicly listed companies, and Lawrence Lou, a veteran AI engineer and avid angel investor who has led product and engineering initiatives at Microsoft and Airbnb. Llama Ventures invests in ambitious founders building AI-native solutions across various industries. Their portfolio includes companies in sectors such as technology, healthcare, financial services, consumer goods, energy, education, media, telecommunications, transportation, real estate, retail, manufacturing, agriculture, construction, and hospitality. The firm provides funding and support to founders building AI-based products, reviewing company proposals and pitch decks submitted by founders. Investment decisions are based on the founder's expertise and the potential of the technology. The firm manages a portfolio of companies working on AI solutions, offering guidance to founders when requested, but allowing them to operate independently.

Investment Focus

• Early-stage companies leveraging AI to address industry challenges
• Founders with deep domain expertise and vision
• Companies operating in sectors such as technology, healthcare, financial services, consumer goods, energy, education, media, telecommunications, transportation, real estate, retail, manufacturing, agriculture, construction, and hospitality