Necessary Ventures

VC San Francisco, United States · Founded 2020

Necessary Ventures is a thesis-driven firm that backs early-stage deep tech, hard tech, and AI companies tackling fundamental societal challenges across healthcare, climate, education, and financial services.

About Necessary Ventures

Necessary Ventures is an early-stage venture firm with a website and a public footprint that suggests a small, conviction-driven seed investor with a values-oriented or impact-adjacent posture, given the framing of necessity. Without disclosed thesis, stage, or check-size data, the most honest read is a thesis-driven emerging manager rather than an institutional generalist. Healthcare exposure is plausibly selective and possibly oriented toward categories framed as societally necessary, including mental health, behavioral health, public health, women’s health, and the broader well-being economy. AI focus is plausibly real and applied. Anchoring to emerging-manager norms, expect pre-seed and seed checks plausibly in the USD 100K to USD 750K range, with selective lead participation in small priced rounds. This is the wrong door for capital-intensive therapeutics, devices, or hospital enterprise plays. It is a plausible fit for early healthcare founders building products in mental health, women’s health, behavioral health, and adjacent values-aligned categories who want a thesis-resonant partner. Entry path is the website contact and direct LinkedIn outreach to the principals; warm introductions from portfolio founders and shared seed networks materially raise reply rates. Founders should be specific about why the company’s category is necessary in a defensible business sense rather than a slogan sense, and bring evidence on engagement, retention, and outcomes.

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Healthcare AI tools backed by Necessary Ventures

Tools made by companies in Necessary Ventures's portfolio that we cover in the directory.

EnsoSleep
EnsoData
Clinical Decision Support & Reference
EnsoSleep is an FDA-cleared, AI-powered, cloud-based solution that optimizes the sleep lab workflow by automating the scoring, viewing, editing, and reporting of Polysomnography (PSG) and Home Sleep Apnea Tests (HSATs). It helps clinicians accelerate diagnosis, improve consistency, and expand patient care.
AISight Dx
PathAI
Pathology AI
AISight Dx is PathAI's FDA-cleared, cloud-native digital pathology image management system that integrates AI algorithms to support laboratory workflows, clinical operations, and primary diagnosis in the US. It streamlines diagnostic workflows, enables precision collaboration, and supports accurate, efficient diagnoses across various settings.
RECURSION
Recursion Pharmaceuticals
Drug Discovery & Research
Recursion Pharmaceuticals is a clinical-stage TechBio company focused on decoding biology to industrialize drug discovery through its AI-native, end-to-end platform, the Recursion OS.
Unlearn (Scout, Hindsight, SimLab)
Unlearn
Drug Discovery & Research
Unlearn leverages AI and digital twin technology to streamline clinical development, enabling faster, more robust studies, and bringing life-saving treatments to patients sooner.
Talkspace
Talkspace
Mental & Behavioral Health AI
Talkspace is an integrated mental health platform offering video, text messaging, and phone therapy with licensed therapists, as well as telepsychiatry services including evaluations and medication management. It aims to make quality mental healthcare accessible and convenient.

Portfolio companies in our directory

Other portfolio companies

Companies in Necessary Ventures's portfolio not currently in our directory.

Team

Neil Devani
Founder and Managing Partner
LinkedIn
Akash Malhotra
Partner
Deepa Sheth
Venture Partner
Nikita Gaurav
Venture Partner

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Last updated 2026-05-06. Sourced from this fund's published materials.
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