Paul Johnson

General Partner & CEO, Flex Capital
Paul founded and sold telehealth Lemonaid Health to 23andMe for $400M, ran 23andMe’s $275M consumer P&L, and now advises CEOs and boards with product, growth and coding experience.
How to contact Paul Johnson
Stages their fund invests in
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Sectors their fund invests in
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Avg Check
$500K to $2M
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Does their fund Lead?
No
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Geos their fund invests in
USA
Paul Johnson
Stages their fund invests in
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Sectors their fund invests in
SaaS
AI
Devtools
Fintech
Data
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$500K to $2M
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Leads?
No
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About Paul Johnson

GP at Flex Capital, where Paul runs the fund full-time. He previously founded Lemonaid Health, a first-of-its-kind telehealth platform, which led to a $400M acquisition by 23andMe in 2021.

From 2021 to 2023, Paul led the consumer business and P&L at 23andMe, which generated $275M in revenue. He taught himself to code in high school and has run large growth, marketing, product, and innovation teams.

Post-acquisition, Paul has coached CEOs and founders and served on both public and private company boards.

About their Fund

Sectors
SaaS, AI, Devtools, Fintech, Data
Rounds
Seed
Avg Check Size
$500K to $2M

Flex Capital is a venture fund run by founding CEOs of companies like LiveRamp, BrightRoll, and SafeGraph who pledge their voting shares back to founders and operate through a large network of 300+ strategic LPs and 600+ angel investors positioned as a distribution engine. The fund specializes in data and infrastructure businesses with unusually large reserves for follow-on investments, making decisions in under a week while sourcing many deals through their own alumni founder network rather than traditional VC pipelines.

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