We write checks and build.
Temper invests in post PMF, pre scale software across HealthTech, PropTech, Vertical AI and Defense, entering between $3M and $25M in ARR, the stretch where traction has to become an enterprise.
We are operators who invest. We built and scaled these companies ourselves, and we bring that work directly into each position: pricing rebuilt, forecasts made honest, key hires made and warm channels opened into real buyers like Kaiser, Amazon Studios, SLB and Boeing. Capital is the smallest part of what we bring.
HealthTech · PropTech · Vertical AI · Defense
Not an offer to sell securities. Any offering is expected to be made under Rule 506(c) solely to verified accredited investors and only through definitive offering documents.
$260M+
ARR built in the first person, before Temper wrote its first check.
Combined ARR outcomes across Dipak Patel's operating roles: $132M at Gadu at exit and $128M at NAO. Past performance is not indicative of future results.
Judge the operators before the fund. We did this work in the first person.
Dipak Patel
the revenue operator
Dipak cofounded Gadu and built it to $132M in ARR on $5M raised, then sold the company to CBRE. He joined NAO as employee #3 and led revenue and operations to $128M ARR, seven consecutive quarters above plan. Capital efficiency was a habit, not a slogan. Before any of it he studied biochemical engineering at USC, where he ran track.
Dev Motiram
the systems operator
Dev was an early operator at Solugen through the climb from around ten people to more than 225, as the company grew from a $30M to a $2.2B valuation. He built the teams, systems and operating infrastructure that let it scale without breaking. Before that, multinational operations roles. Before those, a family hotel.
Gadu and NAO figures reflect Dipak Patel's roles as founder and operator. Solugen figures reflect company outcomes during Dev Motiram's tenure, not a personal or fund return. The multiple on the CBRE sale is a diligence conversation. Past performance is not indicative of future results.
Six questions decide every check. We look for:
- The system of record for a core operating workflow, where leaving hurts
- Contracted, recurring revenue that holds through budget cycles
- A named budget owner, real urgency and an existing line item
- An edge the next general model release cannot erase
- $3M to $25M ARR, post PMF and pre scale, US based
- Founders who want an operator beside the check
The pass is the product. Fourteen companies reached deep diligence and most were declined, because in a concentrated fund judgment shows up most clearly in what we refuse to own.
Illustrative framework; each criterion is assessed qualitatively and quantitatively in diligence. Pass records are available in diligence.
Fund I's first position is KL Owen, the system of record for digital orthodontic treatment planning. Cases, clinical workflow and staff training live inside the platform, so retention is clinical, not contractual. Access came direct, before any process, and the operating work engaged the day the round closed.
“A resource our entire team could use, not just the CEO.”
Ryan Elmore · CEO, KL Owen
The founder's words, three weeks after close.
Founder statement provided for use in these materials. Not a statement about investment performance. Position details are available to prospective investors in diligence. Past performance is not indicative of future results.
Behind it, eight companies in diligence across defense, health and vertical software, each held to the same six questions. Names withheld by design. Shown, not published.
Anonymized pipeline under evaluation or diligence. Inclusion is not a commitment to invest, and there is no assurance that any investment will be made or, if made, will be successful.
For investors
Fund I is capped by design, roughly ten positions, chosen slowly and worked hard. The general partners commit their own capital beside every limited partner.
Request the memorandumFor founders
Building the system of record in our lane, between $3M and $25M ARR, and want an operator beside the check? Write to us directly.
dipak@temper.vc
Los Angeles · Houston · dipak@temper.vc · dev@temper.vc
Strictly illustrative statements of approach; not a forecast or projection, and no assurance of returns. Offering materials are provided to verified accredited investors under Rule 506(c) and through definitive offering documents only. Fund terms are set out in the offering documents.