Aarthi Ramamurthy, a startup investor and podcast host, launched a $20 million fund on Wednesday to support early-stage startups.
Scheme Ventures will focus on companies that work in industrial software, workflow intelligence, and tools for developers and infrastructure, Ramamurthy said in a LinkedIn post.
The VC firm is supported by former Google executive and investor Gokul Rajaram, angel investor Elad Gil, Marc Andreessen (Co-founder and General Partner of Andreessen Horowitz), and Y Combinator’s fund of funds, among others.
“I grew up an outsider. I moved to San Francisco, built two startups, and shipped products at Microsoft, Netflix, and Meta. My story – figuring it out without a roadmap – is the blueprint for Schema,” Ramamurthy said in the post.
Ramamurthy, who previously worked at Netflix, Microsoft, and Meta, among others, hosts ‘The Aarthi and Sriram show’, along with her husband, Sriram Krishnan, who is the senior White House Policy Advisor on artificial intelligence.
Krishnan was formerly a general partner at Andreessen Horowitz.
“Schema backs exceptional outsiders: early-stage founders building from lived experience, not from pedigree or proximity. Sometimes, there’s no pitch deck, co-founder, capital, conviction, or technical insight. That’s where we come in,” she added in the post.
Ramamurthy discussed the fund at Fortune’s Most Powerful Women International Summit in Riyadh. She mentioned that while many people in venture capital think there are too many funds, startup founders believe there is still a gap. Scheme Ventures aims to address this issue.
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