Lateral Capital

Lateral Capital is a micro venture capital firm based in Sarasota, Florida, founded in 2003. It invests in early-stage companies across the United States, with a stated preference for businesses that have completed products or services, proprietary technology, and a credible path to cash-flow break-even and strategic exit. More than 100 portfolio companies have been backed since inception.

Sector focus concentrates on three verticals: healthcare technology, industrial products technology, and specialty business software. The firm states that it favours companies able to contribute to the greater good and generally avoids distribution-driven or location-dependent businesses. Cheque sizes are not disclosed; the firm describes itself as a micro VC, and it frequently invests alongside angel groups.

Investments are made through limited partnerships structured for accredited investors, alongside an Opportunity Fund intended to back early-stage companies, including follow-on investments in businesses already held by earlier funds. The firm is led by John Lilly, a former Procter & Gamble executive and former chief executive of Pillsbury Company.