"Infrastructure" is a big word. In startup-land, what founders usually mean is software infrastructure: cloud + DevOps, data platforms, security, developer tools, ML/AI infrastructure, and the systems that power modern software. That's what this guide covers.

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If you're raising for an infra company in 2025, your #1 job isn't "find VCs who do infra." It's: find the 10–20 people who live in infra and can underwrite the weird parts (open-source adoption curves, bottoms-up GTM, long sales cycles, and "we have usage but not revenue yet").

This list prioritizes investors with strong infrastructure reputations among builders, clear infra theses, and visible ongoing activity.

1) How to pick the right infrastructure investors (best-fit filter)

Pick your "infrastructure lane" first (so you don't get mis-scoped)

Most infra deals land in one of these lanes:

Developer infrastructure / DevTools (CI/CD, observability, API tooling, platform engineering)
Data infrastructure (ELT/ETL, analytics, governance, catalogs, vector/data stacks)
Security infrastructure (identity, cloud security posture, AppSec, runtime, zero trust)
AI infrastructure (model tooling, deployment, evals, data pipelines, inference cost/latency)
Core cloud infrastructure (compute, networking, storage, orchestration, reliability)

Investors specialize. If you pitch a security infra company to a pure "data infra" partner, you'll get the classic "great team, not our focus."

Decide your GTM motion (because it determines the right VC)

Bottoms-up (dev-led): usage, community, OSS, expansion → revenue later
Top-down (enterprise-led): pilots, compliance, procurement readiness early
Hybrid: dev adoption inside enterprise + security/compliance upsell

Funds like boldstart and Heavybit lean hard into dev-first worlds (with serious operator networks). (signal.nfx.com)

Know what "proof" looks like at each stage (infra is not consumer)

Infra investors tend to underwrite with:

Technical differentiation (10x, not 10%)
Credible wedge + expansion path
Evidence of pull: OSS stars + retention, design partners, usage growth, pipeline quality
Economics realism: infra margins, COGS, hosting/inference costs

Optimize for follow-on power (infra often needs multiple rounds)

Infrastructure companies frequently need time to mature (platform depth + trust + distribution). Favor firms that:

explicitly support companies beyond the first check (follow-ons, opportunity funds, etc.) (amplifypartners.com)
or have a history of backing infra through multiple stages (seed → A → growth).

2) Top 10 infrastructure investors (detailed, founder-useful)

1) Amplify Partners

Why they matter: Amplify is one of the most respected "first check for technical founders" firms, backing builders across dev tools, data, and modern infra. (amplifypartners.com)

Stage & check style: They explicitly say they lead from a company's first round through Series A and support founders through IPO. (amplifypartners.com)

What they look for: Highly technical founders, products built "for engineers by engineers," and infra that becomes a default layer.

Signals that work: OSS pull, developer love, fast iteration velocity, crisp architecture story.

Why they're "active" in 2025: They announced $900M across new funds in 2025. (amplifypartners.com)

2) boldstart ventures

Why they matter: boldstart is a Day 0 specialist for enterprise infrastructure—often before code is written. (boldstart ventures)

Stage & check style: Pre-seed/"inception" style; they emphasize partnering extremely early. (boldstart ventures)

Focus areas: Developer-first, cloud infrastructure, cybersecurity, enterprise SaaS (but their identity is deeply infra). (signal.nfx.com)

What works in a pitch: A sharp insight + technical clarity + an obvious wedge into a painful workflow.

Founder tip: If you're truly early, boldstart is one of the best "formation" investors to talk to.

3) Wing Venture Capital

Why they matter: Wing is purpose-built around "modern enterprise" investing and has a clear Infrastructure category in its portfolio taxonomy. (wing.vc)

Stage: Widely known for early-stage enterprise focus, with a long-running enterprise track record. (signal.nfx.com)

What they look for: Durable enterprise categories, defensible layers of the stack, and founders who can build big independent companies. (wing.vc)

Pitch angle that lands: Show you understand the buyer, the deployment model, and the adoption path inside real companies.

4) Decibel Partners

Why they matter: Decibel is explicitly an early-stage VC for essential infrastructure software used by developers, data engineers, and cybersecurity teams. (decibel.vc)

Stage: Early-stage focus (seed-heavy), with a strong infra + security spine. (decibel.vc)

What they look for: Tools that become "part of the job" for engineering/security teams—high retention, high workflow gravity.

Founder tip: If you have strong engineering credibility and a clear adoption motion, Decibel tends to speak your language.

5) Heavybit

Why they matter: Heavybit has become one of the most recognizable early-stage enterprise infrastructure platforms—part investor, part operator ecosystem for dev-first companies. (Heavybit)

What you get beyond capital: Hands-on support around developer GTM, positioning, community, and enterprise readiness. (Heavybit)

Why they're "active" in 2025: Heavybit announced $180M+ across two funds in 2025. (Reuters)

Best for: DevTools, platform engineering, infra/security tooling—especially dev-led distribution.

6) Battery Ventures

Why they matter: Battery has a dedicated Infrastructure Software practice spanning cloud/DevOps, data, security, and AI-powered applications. (Battery Ventures)

Stage: They invest across early and growth stages (Battery regularly writes meaningful follow-on checks). (Battery Ventures)

What they look for: Category-defining infra businesses with real enterprise value and a scaling plan that respects sales reality.

Founder tip: If you're moving from "tool people love" to "business that scales," Battery can be a strong fit.

7) Bessemer Venture Partners (BVP)

Why they matter: Bessemer is one of the most credible "cloud + software infrastructure" investors and publishes deep thesis work on the cloud/AI economy. (Bessemer Venture Partners)

Stage: Early to growth (Bessemer can lead and can follow).

What they look for: Big markets in cloud and the "AI cloud moment," with strong founder clarity on the next wave of infra. (Bessemer Venture Partners)

Founder tip: Show you understand your place in the evolving cloud stack—and why you're not a feature of a hyperscaler.

8) Sutter Hill Ventures

Why they matter: Sutter Hill is an old-school, high-reputation enterprise investor with meaningful exposure to enterprise infrastructure. (shv.com)

Stage: Historically strong in early-stage enterprise-building (selective, conviction-driven). (LinkedIn)

What they look for: Serious, foundational enterprise platforms with huge outcomes—less hype, more substance.

Founder tip: Bring the grown-up version of the story: architecture, moat, buyer reality, and long-term company-building.

9) Andreessen Horowitz (a16z) Infra

Why they're included (yes, they're big): Unlike generic generalists, a16z has a dedicated Infra investing team focused on every layer of the AI + cloud + data + security stack. (Andreessen Horowitz)

What they look for: Platform-scale infra opportunities, ambitious technical teams, and "stack-defining" products. (Andreessen Horowitz)

Proof they're active in infra: Reuters has reported on their AI-focused fundraising ambitions, and they've backed major data infra companies (e.g., data tooling consolidation news covered by Reuters). (Reuters)

Founder tip: Don't pitch "nice dev tool." Pitch "new default layer."

10) Foundation Capital

Why they matter: Foundation is early-stage by design and has been publicly associated with investing across infrastructure, data infrastructure, developer tools, and security—especially in the AI era. (Foundation Capital)

Stage: Early-stage partner ("one of the first investors" is core to their positioning). (Foundation Capital)

What they look for: Big, emerging categories and founders who can create "zero-to-one" markets—with real technical depth. (Foundation Capital)

Founder tip: If your thesis feels like a new category and you can defend it technically, they're worth your time.

3) Five quick tips for pitching infrastructure investors (that actually raise money)

Show the wedge + the expansion path. Infra VCs don't fund "a tool." They fund the roadmap from wedge → platform → default layer.
Bring proof that engineers pull it. Even at pre-seed: design partners, OSS adoption, usage retention, or undeniable "this solves my pain" signals.
Be crisp about "why now" (infra timing is everything). New primitives (LLMs, Kubernetes maturity, security shifts, data gravity) create narrow windows. If you're early in the window, say so.
Have a grown-up COGS story. If you're running workloads: show unit costs, infra margins, scaling assumptions, and what breaks at 10× usage.
Pitch the buyer reality, not just the product. Who approves this? Who deploys it? How do you get past security/compliance? What's the first budget line item? Use a professional data room like Peony to organize materials with AI-powered organization and track investor engagement with page-level analytics.

Why professional data rooms matter for infrastructure fundraising

Infrastructure startups need to present complex documentation—technical architecture, OSS adoption metrics, financial projections, and validation data—professionally to build investor confidence.

Peony helps infrastructure startups create investor-ready data rooms with AI-powered organization that sets up in minutes instead of weeks.

Key benefits: page-level analytics show which documents investors review most, enterprise security protects sensitive technical and financial information, and transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal.

Conclusion

Raising capital from infrastructure investors in 2025 requires matching your infrastructure lane, GTM motion, and proof signals to the right funds. The investors on this list are actively deploying, but they're selective. Bring technical differentiation, evidence of pull, and a clean data room—not just vision.

Having a professional data room is table stakes for serious infrastructure fundraising. Peony helps infrastructure startups organize investor materials, track engagement, and securely share sensitive technical and financial data at a fraction of legacy platform costs.

Ready to pitch infrastructure investors? Set up your investor data room with Peony in minutes, not weeks.

Q&A Section

What's the best way to organize investor materials for infrastructure fundraising?

Peony offers AI-powered document organization that automatically structures technical architecture, OSS adoption metrics, financial projections, and validation data into a professional data room in minutes. Page-level analytics show which documents investors review most, helping you anticipate questions.

How can I track which infrastructure investors are most engaged with my pitch?

Peony provides page-level analytics showing which documents investors review and how much time they spend on each section. This helps identify serious investors and tailor follow-up conversations with actionable insights.

What's the most cost-effective data room solution for infrastructure startups raising capital?

Peony offers transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal. For a 5-person team, Peony costs $200/month vs $3,000-5,000+ for legacy platforms, delivering enterprise features at startup-friendly pricing.

How do I securely share sensitive technical and financial information with infrastructure investors?

Peony provides enterprise-grade security with identity-bound access, dynamic watermarking, and screenshot protection. With link expiry and instant access revocation, you maintain complete control over sensitive technical and financial documentation.

What data room features are essential for infrastructure startups pitching to investors?

Infrastructure startups need data rooms that handle complex documentation: technical architecture, OSS adoption metrics, financial projections, and validation data. Peony offers AI-powered organization, page-level analytics, custom branding, and comprehensive security. With 10-minute setup vs weeks for legacy platforms, Peony helps infrastructure startups look professional without breaking the budget.

Impress Investors

Top 10 Infrastructure Investors in 2025: Complete Guide to Cloud, DevTools, Data, Security, AI Infra VCs