MDSV Capital is a Palo Alto-based fund of funds and emerging-manager platform that backs sub-$100M venture funds and selectively invests directly in early-stage and early-growth companies from their portfolios. It supports venture GPs through a curated LP/GP community and capital extension program, with focus areas including AI and machine learning, B2B enterprise software, defense tech, deep tech and automation. The firm is most relevant to emerging venture managers and founders seeking follow-on capital through its manager network.