Breaking SignalFire raises $1B to back next-gen applied AI startups (April 2025) Grow Therapy hits $300M raised — Wayne Hu backed it from seed EvenUp reaches $370M at Series E, Oct 2025 Solace closes $210M Series C, Feb 2026 Patlytics: $110M raised at Series B (Apr 2026) SignalFire State of Tech Talent Report reveals AI is reshaping every job title Wayne Hu: "execution machines who are genuinely kind and fun to be around" SignalFire raises $1B to back next-gen applied AI startups (April 2025) Grow Therapy hits $300M raised — Wayne Hu backed it from seed EvenUp reaches $370M at Series E, Oct 2025 Solace closes $210M Series C, Feb 2026 Patlytics: $110M raised at Series B (Apr 2026) SignalFire State of Tech Talent Report reveals AI is reshaping every job title Wayne Hu: "execution machines who are genuinely kind and fun to be around"
General Partner · SignalFire · San Francisco

Wayne
Hu.

The investor who uses AI to find founders before other VCs know to look. Princeton math, Google YouTube, McKinsey Global Fellow - now backing the companies rebuilding sectors that incumbents forgot.

2015
At SignalFire
$2.75B+
AUM at SignalFire
24+
Portfolio Companies
Seed
First Check
Wayne Hu, General Partner at SignalFire
General Partner — SignalFire
$1B Latest Fund (2025)
$370M EvenUp Raised
$300M Grow Therapy Raised
$210M Solace Raised

Start with data. Back the person. Let the market follow.

Wayne Hu's first business was a game. Not a startup, not a side hustle - a program for the TI-83 graphing calculator, written in Visual Basic, sold to classmates. His parents had immigrated from rural Taiwan to become engineers, and they had taught him to code. At Princeton, he played tennis and studied Mathematical Economics, graduated Phi Beta Kappa, and went straight to Goldman Sachs for a summer before trading trading floors for management consulting.

At McKinsey, he was one of five consultants selected annually for the MGI Global Institute Fellowship - a research post studying macro forces and technology trends. That's a detail worth sitting with: out of the entire McKinsey analyst pool, five people a year get sent to the firm's think tank to think about the future. Hu was one of them.

Then Harvard Business School - but not the way most people do it. He enrolled and immediately partnered with three different startups. At the same time. Not sequentially, not one-at-a-time, but all three running in parallel while completing his MBA. By the time he graduated, he had also spent a year at Kleiner Perkins, working on investments in transportation, robotics, and marketplaces.

Grow Therapy occupies arguably the most strategic position at the heart of the massive structural demand-supply imbalance for mental health services.

Wayne Hu, on SignalFire's seed investment in Grow Therapy

After Harvard came Google. As Global Strategy Lead for YouTube ads monetization, Hu ran go-to-market strategy for what was already a multi-billion-dollar video business. He understood scale - not conceptually, but operationally. How a product at that volume actually works. Then he walked away from it in 2015 to help build SignalFire from scratch.

The bet wasn't just on venture capital. It was on a different kind of venture capital. SignalFire runs on proprietary AI - a platform called Beacon that ingests signals about talent trajectories, market movements, and founder histories that most investors never see. The thesis is straightforward: if you can see the data before others do, you can make better calls at seed. Hu has been making those calls for a decade.

The machine behind the money

SignalFire built its own AI platform - Beacon - before "AI-native VC" was a phrase people used. The platform aggregates signals: where engineers are moving, what founders are working on, which markets are heating up, who's about to leave a big company to start something. It's a talent intelligence and market intelligence engine layered on top of traditional venture judgment.

Hu uses this data not just to find deals, but to support companies post-investment. SignalFire's model includes operational support, AI-powered talent sourcing, and founder mentorship built into the fund's infrastructure - not outsourced to a portfolio services team, but baked into how the firm works.

In April 2025, SignalFire raised $1 billion in new capital - a milestone fund for backing the next generation of applied AI startups. Hu has been building toward this since the day he joined in 2015. The firms that raised the capital were making bets. SignalFire was running the data.

Beacon AI Platform

SignalFire's proprietary AI ingests talent movement, market signals, and founder trajectories to surface investment opportunities before they become obvious. It's the firm's core competitive advantage - and Wayne Hu helped build the investment thesis around it.

$2.75B+ Total AUM
95 Team Members
2015 Year Founded
$1B 2025 Raise

Investment Focus

Seed through Series B · Vertical SaaS · Consumer · FinTech · HealthTech · Education · Marketplaces · Historically underserved sectors ripe for end-to-end reinvention

Backing companies others didn't see coming

Wayne Hu writes his first checks at seed and Series A - before a sector becomes consensus, before the round gets competitive. These are the outcomes.

EvenUp
$370M raised · Series E (Oct 2025)
AI-powered legal tech for personal injury attorneys - automating demand letters and case documentation.
Backed from Seed
Grow Therapy
$300M raised · Series D (Mar 2026)
Helping therapists launch insurance-covered practices - Series A led by SignalFire, then Sequoia, TCV, Goldman followed.
Led Series A
Solace
$210M raised · Series C (Feb 2026)
Patient advocacy platform connecting people navigating complex healthcare with expert guides.
Early Backer
Patlytics
$110M raised · Series B (Apr 2026)
AI-driven patent intelligence platform for law firms and IP professionals.
Early Backer
Mandolin
$57M raised · Series A (Jun 2025)
Streaming platform purpose-built for live music events - where ticketing meets broadcast.
Early Backer
Freshpaint
Healthcare data privacy
HIPAA-compliant analytics infrastructure for healthcare companies navigating data regulation.
Early Backer
Smith.ai
AI-powered receptionists
Virtual receptionist service powered by AI + human agents - serving law firms and SMBs.
Portfolio
CourseKey
Workforce education
Software for vocational schools and trade programs - attendance, compliance, student outcomes.
Portfolio

The road from Taiwan's engineers to Silicon Valley's AI-native VC

2005
Goldman Sachs - Summer Analyst. First Wall Street summer, first look at capital markets from the inside.
2006
McKinsey & Company - Business Analyst. Joins one of consulting's most selective firms straight from Princeton.
2008
MGI Global Institute Fellowship - One of five McKinsey consultants worldwide selected to research macro forces and technology trends at the firm's top-ranked think tank.
2011
Harvard Business School MBA - Enrolls, and immediately partners with three different startups simultaneously. Also joins Kleiner Perkins as an investor during this period.
2013
Google / YouTube - Global Strategy Lead for YouTube Ads Monetization. Runs go-to-market for Google's multi-billion dollar video business. Understands what scale actually looks like from the inside.
2015
SignalFire - Founding Team - Joins as a founding member of the investment team. Helps build the firm's seed investing thesis around Beacon AI and proprietary data signals.
2023
SignalFire announces $900M raise - Hu champions the AI Lab launch. Publishes State of Talent report on tech hiring trends using SignalFire's in-house AI.
2025
SignalFire raises $1B - New capital dedicated to backing the next generation of applied AI startups. Portfolio companies EvenUp, Grow Therapy, and Solace all surpass major funding milestones.

Sectors that incumbents wrote off - and why that's the point

Hu's investment thesis has a consistent thread: historically innovation-sparse sectors. Not "hot" markets where every partner at every fund is already writing checks. The markets where the previous generation of tech didn't bother - mental health, legal tech, workforce education, patient advocacy. Places where reinventing end-to-end is actually possible, because nobody else has tried.

When Hu backed Grow Therapy, insurance-covered mental health was not a consensus opportunity. Therapists working independently, navigating insurance panels, running their own practices - this was not the kind of problem that attracted venture capital. It was unsexy, complex, and regulatory. Hu looked at the supply-demand imbalance for mental health services and saw not a problem but a structure waiting to be reorganized.

Their vertical integration allows them to unlock net new supply and build a much stickier and deeper relationship with therapists.

Wayne Hu, on Grow Therapy's business model

The same logic runs through EvenUp - applying AI to personal injury law documentation - and Patlytics - running AI on patent data for IP professionals. These are not spaces where consumer apps get built. They're spaces where the work is slow, manual, and desperately in need of automation. Hu backs the founders rebuilding them from scratch.

Grow Therapy's founders Jake Cooper and the team earned a specific description from Hu: "execution machines who are genuinely kind and fun to be around." That combination - operational ferocity alongside genuine human warmth - appears to be what he looks for. The data tells you where to look. The people tell you whether to back them.

A few things the LinkedIn bio leaves out

83
His first business: TI-83 graphing calculator games written in Visual Basic, sold to classmates. The product market fit was immediate.
3x
At Harvard Business School, he partnered with three different startups simultaneously - while completing his full-time MBA. It was not a slow two years.
5/yr
One of only five McKinsey consultants globally selected each year for the MGI Global Institute Fellowship. That number is not an estimate - it's how the program works.
🎾
Played varsity tennis at Princeton while studying Mathematical Economics and graduating Phi Beta Kappa. Court sense and analysis, simultaneously.
TW
Parents immigrated from rural Taiwan to the US to become engineers - and taught him to code. His career in technology is, in a meaningful sense, second generation.
AI
SignalFire's Beacon AI platform was built before "AI-native VC" was a category. Hu has been betting on data-driven investing since before the vocabulary existed.