TDF Ventures is an early-stage venture capital firm specializing in investments within infrastructure, software, and services (IaaS, SaaS, XaaS). Founded in 1998, the firm operates out of offices in Washington, DC, and Silicon Valley, focusing on startups that serve enterprise markets. TDF Ventures is currently investing from a $150 million Fund V, with areas of interest including AI/ML, business process automation, cybersecurity, e-commerce and logistics, infrastructure software, fintech, and vertical SaaS.

The firm emphasizes a flexible fund structure and a thematic investment approach, seeking great teams with high growth potential in enterprise-oriented sectors. TDF Ventures has a history of supporting companies like BlackCloak, which raised $17 million in a Series B funding round in September 2024.