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Partner

Rafiq Ahmed

Smart Money RatingBased on the data VC Catalog holds.

Smart Money Rating: 94 out of 100

Founder, Managing Partner, Dipalo Ventures

Firm
Dipalo Ventures
Title
Founder, Managing Partner
Role
Managing partner
Known as
Investor
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Record updated 17 September 2026

About

VC and serial entrepreneur with 30+ years in innovation, product, and early-stage investing. Founding GP at Dipalo Ventures and LP at multiple tech funds. 4x Founder. As an emerging fund manager and successful angel investor, Rafiq has a portfolio that includes 1 unicorn, 5 exits, an IRR of 19.13%, and a TVPI of 2.38x. Mentor at TechStars (Chicago, Indianapolis, Detroit), gener8tor Sustainability, and mHub. Co-founded Demibooks (acquired by EDUC) and was Principal, Consumer Experience Design at Motorola Mobility. MBA (Industrial Management); MS in Information Systems, Virginia Tech; BS in Electrical Engineering, WV Wesleyan.

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Background

Education
MBA (Industrial Management); MS in Information Systems, Virginia Tech; BS in Electrical Engineering, WV Wesleyan.Source (opens in a new tab)

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