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Abdul Ly

Principal at Initialized Capital

New York, New York

Overview 

Abdul Ly is a Venture Investor based in New York, currently working at Initialized Capital as a Principal, with previous roles at Index Ventures, First Round Capital, and Google. Notable career highlights include investing in companies like Bluesky at the seed stage and having a background in product management at Blend.

Work Experience 

  • Partner

    2024 - Current

  • Principal

    2022 - 2024

Initialized Capital is an early-stage VC firm focused on helping software engineers and designers with their first seed checks.

  • Seed Investor

    2024

Caliza is building a global financial infrastructure that removes borders from commerce.

Raised $13,800,000.00 from Initialized Capital, Abstract, New Form Capital, Digital Currency Group, Alexandre Liuzzi, Berrywood Capital, Quona Capital, Class 5 Global, Resilience17 and Doug Scherrer.

  • Seed Investor

    2022

PermitFlow is a construction permit application and management platform for developers and general contractors.

Raised $36,500,000.00 from Initialized Capital, Felicis, Bradley Horowitz, Altos Ventures, Y Combinator and Kleiner Perkins.

  • Principal

    2020 - 2022

Index Ventures is a venture capital firm that helps the entrepreneurs turn bold ideas into global businesses.

  • Seed Investor

    2020 - 2022

Vesta is building the next generation loan origination system.

Raised $35,000,000.00 from Index Ventures, Parker89, Bain Capital Ventures, Conversion Capital, Zigg Capital and Andreessen Horowitz.

  • Product Manager

    2019 - 2020

Blend is a digital lending platform that facilitates the entire lending process, from application to underwriting to closing.

Raised $815,000,000.00 from Haveli Investments.

  • Investor

    2016 - 2018

First Round Angel Track is a community of operators and founders looking to develop their skills and identities as early-stage investors.

  • Partnerships

    2013 - 2016

Google is a multinational corporation that specializes in Internet-related services and organizes the world’s information.

Raised $26,100,000.00 from Angel Investors LP, Kleiner Perkins, Signatures Capital, Sequoia Capital, Arnold Schwarzenegger, Shaquille O'Neal, Henry Kissinger, Google and Tiger Woods.

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