Blue Moon is a San Francisco-based seed-stage venture capital firm focused on North American B2B software companies, especially AI and machine learning, enterprise software, developer tools, FinTech and SaaS. The firm uses a data-driven, highly automated investment process with proprietary AI systems for sourcing and vetting, and typically follows rather than leads rounds. It invests across the United States and Canada; portfolio examples include Mercor, DevRev and Databento.