Pebblebed is a San Francisco-based venture capital firm backing technical founders working on self-protecting ideas that are simple to state and hard to execute. The firm focuses on seed and early-stage companies in biotechnology, life sciences, AI, robotics, infrastructure, developer tools, cloud, data and other deep tech sectors. It invests primarily in the United States with supported activity in the United Kingdom, typically leads rounds, and makes about 20 investments per fund.