Katalyst Ventures is led by solo general partner Susan Choe, a former Yahoo and NHN operator who built and sold the startup Outspark, giving the fund a hands-on, cross-border background instead of a typical finance pedigree; it invests in applied AI companies—such as drone delivery service Zipline and healthcare-focused Arine and DocMatter—that turn real-world, analog processes into predictive algorithms in areas like logistics, health, and enterprise software. The fund is backed by a small, globally connected group of investors and relies on a network of industry advisors rather than a large partner team, with a track record that includes a stated 16.6% IRR and about 45% of its capital going to companies led by women CEOs or CTOs, reflecting a results-based approach rather than a marketing-driven one.