Velvet Sea Ventures was founded by husband-and-wife operators Mike and Kass Lazerow along with John and Matthew Giampetroni, blending years of hands-on company-building experience with institutional investment know-how from team members like Kathy Quick Rosa, who previously led alternative investments at J.P. Morgan Private Bank, and operational support drawn from Rizvi Traverse Management. The firm has led funding rounds for companies such as Mercato and Healthie, held more than $400 million in web3 assets with a board role at Autograph, and built its investor base from a network of well-known entrepreneurs and executives, backing a mix of companies across space technology, fintech, and consumer brands.