Cybersecurity has become one of venture capital's most specialized categories, with several firms below - Forgepoint Capital, YL Ventures, Cyberstarts - investing exclusively in the space and building deal networks around practicing CISOs rather than generalist technology scouts. The category also produced one of the largest venture-backed exits in history.
$175B (platform assets, 2022)
Assets Managed
DoorDash's 2020 IPO, which implied a fully diluted valuation of $71.2 billion - CEO Alex Clavel later called it SVF1's best-performing asset, with a $7.3 billion gain on full exit
AIEnterprise SoftwareConsumer InternetLogistics
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Menlo Park, CA
Founded 2009
Coinbase's 2021 direct listing on Nasdaq - one of the largest crypto IPOs ever
AICryptoFintechConsumer
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New York, NY
Founded 1995
Shopify's 2015 IPO, one of the defining e-commerce software exits of the decade
SoftwareSaaSCybersecurity
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Menlo Park, CA
Founded 1995
~$24B raised since inception
Assets Managed
Netflix's 2002 Nasdaq IPO - TCV owned roughly 43% of the company pre-IPO and co-founder Jay Hoag has served on Netflix's board since 1999, watching it grow into a company worth more than $400 billion
Consumer InternetSaaSFintechMedia
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Palo Alto, CA
Founded 1983
Facebook's Series A in 2005 - still cited as one of the highest-multiple returns in VC history
Enterprise SoftwareConsumerSecurity
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Santa Clara, CA
Founded 1991
$12.9B invested since 1991 (cumulative capital deployed)
Assets Managed
No single signature exit - Intel Capital's scale is cumulative: since 1991 it has invested $12.9 billion across more than 1,582 companies worldwide, with 692 reaching an IPO or acquisition, including current public holdi…
AICloud InfrastructureCybersecurity5G
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Menlo Park, CA
Founded 1996
MuleSoft's 2018 acquisition by Salesforce for $6.5 billion - a portfolio company Sapphire backed from SAP Ventures days through its own independent era
Enterprise SoftwareSaaSAICybersecurity
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Amazon's 2012 acquisition of Kiva Systems - Ajay Agarwal led BCV's first institutional round in the warehouse robotics startup in 2004, and its technology now powers Amazon Robotics across more than 2,000 fulfillment cen…
Enterprise SoftwareFintechSaaSCybersecurity
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San Francisco, CA
Founded 2013
Looker's 2020 acquisition by Google for $2.6 billion - announced in June 2019 and completed the following February, with CapitalG's Gene Frantz counting it among his major outcomes
AIEnterprise SoftwareCybersecurityFintech
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$7B+ (raised across eight funds; $1.3B new early/growth funds, 2024)
Assets Managed
MySQL's 2008 acquisition by Sun Microsystems for approximately $1 billion - an early proof point for European open-source software investing
AIFintechEnterprise SoftwareCybersecurity
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San Francisco, CA
Founded 2009
$6B+ deployed capital
Assets Managed
Vlocity's February 2020 acquisition by Salesforce itself for $1.33 billion - an unusually direct proof point, since Salesforce Ventures backed the industry-cloud software company before its own parent acquired it
AIEnterprise SoftwareFintechCybersecurity
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€4.9B (stated as "Asset Under Management" on cdpventurecapital.it, 2026)
Assets Managed
AICybersecurityAgritechClean Energy
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New York, NY
Founded 2015
Accenture's 2025 acquisition of a majority stake in Dragos at a $3.2 billion valuation - EIP partnered with the industrial cybersecurity company in 2017, when the category was still emerging
EnergyClimateGrid TechnologyCybersecurity
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Palo Alto, CA
Founded 1970
DoorDash's December 2020 IPO at a $39 billion valuation - CRV led the company's seed round in 2013, when it was just nine weeks old
Consumer InternetMarketplacesEnterprise SoftwareCybersecurity
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Menlo Park, CA
Founded 1981
$4.3B+ (invested since inception)
Assets Managed
Yammer's $1.2 billion acquisition by Microsoft in 2012 - USVP was an early investor in the enterprise social networking company, one of 93-plus IPOs and countless acquisitions across the firm's four-decade history
Enterprise SoftwareCybersecurityConsumerHealthcare
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Menlo Park, CA
Founded 1965
LinkedIn's 2011 IPO, followed by Microsoft's $26.2 billion acquisition of the company in 2016
Enterprise SoftwareConsumer InternetCybersecurityAI
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San Francisco, CA
Founded 2011
Coinbase's 2021 direct listing - Initialized was an early backer of the exchange, which carried a market capitalization of roughly $41.9 billion by July 2026
Enterprise SoftwareAIInfrastructureConsumer
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San Francisco, CA
Founded 2013
No single dollar-verified SignalFire exit confirmed yet - founder Chris Farmer's prior seed program at General Catalyst backed Coinbase, Discord, Stripe, Venmo, and Zapier, lending real pre-existing credibility to Signal…
AIEnterprise SoftwareCybersecurityHealthcare
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Menlo Park, CA
Founded 1969
Lyft's 2019 IPO - one of Mayfield's most recognizable public outcomes, still held in the firm's portfolio today
AIEnterprise SoftwareSemiconductors/Deep TechCybersecurity
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Herzliya, Israel
Founded 1993
CyberMDX's February 2022 acquisition by ForeScout Technologies - one of more than 85 exits across Pitango's 250-plus portfolio companies since 1993
Enterprise SoftwareFintechCybersecurityHealthcare
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Seoul, South Korea
Founded 1999
SentinelOne's 2021 NYSE IPO under ticker S - one of 24 IPOs across Samsung Ventures' 25-year history, alongside acquisitions and stakes in Niantic and Swiggy
AIDeep TechCybersecurityIndustrial Tech
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Foster City, CA
Founded 2000
Bill.com's NASDAQ IPO in December 2019 - Scale was an early investor and Partner Stacey Bishop led the investment, one of several public listings across HubSpot, DocuSign, JFrog, and Root Insurance
Enterprise SoftwareAICybersecurityDeveloper Tools
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Montreal, Quebec, Canada
Founded 2007
Lightspeed Commerce's 2019 dual listing on the NYSE and TSX - Inovia was Lightspeed's first Canadian investor and helped lead a 2017 buyout that kept the Montreal point-of-sale company from a foreign takeover ahead of it…
AICybersecurityDigital HealthFintech
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Palo Alto, CA
Founded 1964
$2.3B (2026)
Assets Managed
Enterprise SoftwareInfrastructureCybersecurityCloud
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Jerusalem, Israel
Founded 1993
CyberArk's 2014 Nasdaq IPO - JVP was the company's Series A investor and later increased its stake to roughly 47% via a Goldman Sachs-backed secondary transaction; CyberArk agreed to a $25 billion acquisition by Palo Alt…
CybersecurityAIEnterprise SoftwareFintech
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San Francisco, CA
Founded 2012
$2B+ personal fund (2026, per CB Insights)
Assets Managed
Airbnb's 2020 IPO - one of dozens of pre-IPO checks across a track record including Coinbase, Instacart, Pinterest, and Roblox
AIFintechSaaSMarketplaces
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Menlo Park, CA
Founded 1995
Splunk's NASDAQ IPO under ticker SPLK - an August Capital-era portfolio company; co-founder David Marquardt's pre-firm track record includes an even bigger story: Technology Venture Investors was the sole institutional i…
Enterprise SoftwareCybersecurityDeveloper Tools
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Tel Aviv, Israel
Founded 1993
Shellcase's acquisition by Tessera and Nanomotion's acquisition by Johnson Electric - two of 75 total exits across Infinity's three-decade history bridging Israeli innovation and Chinese markets
CybersecurityEnterprise SoftwareHealthcare
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San Diego, CA
Founded 2000
$2B+ (150+ active portfolio companies, per NVCA 2026)
Assets Managed
Ring's 2018 acquisition by Amazon for more than $1 billion - Qualcomm Ventures was an early backer of the connected-home company
AI5GAutomotiveIoT
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$2.0B (total commitments)
Assets Managed
iZettle's $2.2 billion acquisition by PayPal in 2018 and Tink's approximately $2 billion acquisition by Visa in 2021 - together Europe's second and third largest fintech M&A exits ever, with Dawn the only investor in bot…
Enterprise SoftwareFintechCybersecurityAI
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Palo Alto, CA
Founded 2012
$1.8B+ invested to date
Assets Managed
JFrog's September 2020 Nasdaq IPO - DTC published a case study celebrating the DevOps company's public debut, part of a run of exits including Arista, DocuSign, MongoDB, Nutanix, SumoLogic, and Zscaler that generated mor…
AICybersecurityData & AnalyticsEnterprise Software
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Arlington, VA
Founded 1999
Not publicly disclosed (Fortune's independent estimate: at least $1.8B deployed since 1999, based on 26 years of tax filings)
Assets Managed
Palantir's 2020 NYSE direct listing under ticker PLTR - In-Q-Tel invested roughly $2 million in 2003, when it and the CIA were essentially the company's only backers and only customers, years before Palantir's valuation …
AICybersecurityDeep TechDefense Tech
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San Francisco, CA
Founded 2019
No confirmed exit yet - Acrew itself launched in 2019, though co-founder Theresia Gouw's prior track record includes real, verified exits at Forescout, Imperva, Trulia, and HotelTonight's acquisition by Airbnb, built dur…
FintechAICybersecurityHealthcare
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Herzliya, Israel
Founded 2000
$1.5B (under management, stated on the fund's own page)
Assets Managed
ironSource (acquired by Unity, 2022)
FintechCybersecurityAI InfrastructureApplied AI
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Menlo Park, CA
Founded 2004
Nest Labs' $3.2 billion acquisition by Google in January 2014 - Rob Coneybeer personally led Shasta's Series A investment, a roughly 20x return that essentially repaid the firm's entire second fund
Enterprise SoftwareCybersecurityDeep TechConsumer
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Munich, Germany
Founded 2015
$1.2B (across all funds)
Assets Managed
Next Insurance's $2.6 billion acquisition by Munich Re itself in 2025 - the largest outcome in the fund's decade-long history, alongside Mnubo's 2019 acquisition by AspenTech
FintechCybersecurityClimateEnterprise Software
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Paris, France
Founded 1998
€1.1B+ raised since inception (2025)
Assets Managed
AIHealthcareEnterprise SoftwareCybersecurity
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Santa Monica, CA
Founded 2013
$1B+ (across four funds)
Assets Managed
CrowdStrike's 2019 NASDAQ IPO - Jamie Montgomery served as a board observer during CrowdStrike's private growth, one of several exits including ForgeRock and Elastic across March's decade-plus portfolio
Enterprise SoftwareCybersecurityAI
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San Jose, CA
Founded 1993
$1B AI Fund (2024); historically ~$250-300M deployed annually
Assets Managed
HashiCorp's December 2021 Nasdaq IPO at a roughly $14 billion valuation - Cisco's 2021 year-in-review named it alongside Confluent and GitLab as portfolio IPO milestones; HashiCorp was later taken private in IBM's Februa…
AICybersecurityCloud InfrastructureEnterprise Software
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$1B+ (following $320M raise, June 2026)
Assets Managed
UiPath's April 2021 Nasdaq IPO at a $35 billion valuation - Seedcamp was the process automation company's earliest backer, one of three decacorns (alongside Wise and Revolut) that trace back to its first check
FintechSaaSAICybersecurity
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San Mateo, CA
Founded 2015
Cloudflare's acquisition of Area 1 Security - one of three Forgepoint exits Co-Founder Alberto Yépez personally led, alongside Attivo Networks (acquired by SentinelOne) and BehavioSec (acquired by LexisNexis Risk Solutio…
CybersecurityAI SecurityInfrastructure Software
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Munich, Germany
Founded 2016
€1B (committed by Siemens for the unit's first five years, 2016)
Assets Managed
Noname Security (acquired by Akamai, 2024)
Enterprise SoftwareInfrastructure SoftwareCybersecurityRobotics
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Minneapolis, MN
Founded 2012
Over $1B (total assets under management, per the firm's own Fund V announcement of 19 December 2023)
Assets Managed
Braze (IPO, Nasdaq: BRZE, 2021)
MediaCybersecurityAIAI/ML
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Over $1B (of investment capital under management, per the firm's own boilerplate of 16 November 2022; no more recent firm-stated figure was found, and this excludes parent MassMutual's own assets)
Assets Managed
Recorded Future (acquired by Insight Partners, as stated on MassMutual Ventures' own bio for Mark Goodman)
Enterprise SoftwareSaaSClimate TechnologyFintech
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Menlo Park, CA
Founded 2006
$900M (Fund X, 2025)
Assets Managed
Shopify's 2015 NYSE IPO - Felicis participated in the company's $15 million Series A and rode it to a market capitalization of roughly $148.3 billion by July 2026
AICybersecurityDefense TechHealthcare
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Menlo Park, CA
Founded 2012
$900M (Fund 6, Fund 6 Select & Amplify Bio, June 2025)
Assets Managed
Datadog's 2019 Nasdaq IPO - Amplify was one of the company's first institutional investors, more than a decade before the observability platform reached a market capitalization of roughly $93 billion by July 2026
AIDeveloper ToolsCybersecurityEnterprise Software
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Menlo Park, CA
Founded 2013
$800M (across four funds)
Assets Managed
DoorDash's 2020 NYSE IPO under ticker DASH - Pear's roughly $1.9 million investment, made as one of the firm's first five deals in 2013, was worth more than $440 million at listing, a nearly 233x return on the firm's ent…
FintechAICybersecurityHealthcare
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Tel Aviv, Israel
Founded 2007
Twistlock's 2019 acquisition by Palo Alto Networks for $410 million - Senior Partner Ofer Schreiber was Twistlock's original seed investor
CybersecurityAI Security
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San Francisco, CA
Founded 1991
$750M+ (across five funds)
Assets Managed
DoubleVerify's NYSE IPO under ticker DV in April 2021 at a valuation exceeding $3 billion - Blumberg's early 2008 investment delivered a reported 98x return, one of five unicorns and seven IPOs across the firm's portfoli…
AIFintechCybersecurityEnterprise Software
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Tel Aviv, Israel
Founded 2018
$720M+ (across five funds)
Assets Managed
Google's $32 billion acquisition of Wiz, completed March 2026 - the largest-ever buyout of a venture-backed startup, and Cyberstarts partnered with Wiz's founders on day one of the company's existence
CybersecurityCloud SecurityAI Security
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Palo Alto, CA
Founded 2013
$600M (Wing Four, 2023)
Assets Managed
Snowflake's 2020 NYSE IPO - Wing was a first-check investor in the data cloud company, which priced at $120 per share and closed its first trading day valued at over $70 billion
AIData InfrastructureEnterprise SoftwareCybersecurity
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Sydney, Australia
Founded 2016
$500M+ (the homepage stat block reads "$500m+ / Assets / We manage over $500 million in assets"; the currency is not stated anywhere on the page - negative controls for "A$500 million" and "AUD" both returned not present - and the figure is undated. The firm is Australian but the currency is not asserted here)
Assets Managed
Instaclustr (acquired by NetApp, NASDAQ: NTAP, for more than $500 million, April 2022)
B2B SoftwareSaaSFintechMarketplaces
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$405M (final fund, closed 2022 per Axios; firm-wide AUM not publicly disclosed)
Assets Managed
DraftKings (went public via SPAC merger, 2020)
CybersecurityEnterprise SoftwareConsumerFintech
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Portola Valley, CA
Founded 2008
$300M+ (across three funds)
Assets Managed
Yandex's NASDAQ IPO and Xometry's NASDAQ IPO - two of Almaz's clearest public-market outcomes, alongside QIK's acquisition by Skype, Sensity Systems' acquisition by Verizon, and Acumatica's sale to EQT
AIDeep TechCybersecurityEnterprise Software
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San Mateo, CA
Founded 1982
$265M (Fund XIII, 2023)
Assets Managed
Enterprise SoftwareAICybersecurityCloud Infrastructure
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New York, NY
Founded 2010
$250M (Fund VII, 2025)
Assets Managed
CybersecurityAI InfrastructurePhysical AIDeveloper-First Infrastructure
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San Francisco, CA
Founded 2021
$186M (Fund I, closed 2022)
Assets Managed
No confirmed exit yet - Shield's clearest proof point is its oversubscribed $186 million debut fund, closed 55% above target, and its strategic partnership with L3Harris Technologies to pursue dual-use defense and commer…
AICybersecurityDefense TechDeep Tech
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San Francisco, CA
Founded 2012
$175M+ (Fund III)
Assets Managed
SGNL's acquisition by CrowdStrike in January 2026 - Costanoa backed the identity security startup years before the deal, alongside its earlier VictorOps exit to Splunk in 2018
Applied AIAI & Data InfrastructureCybersecurityNational Security
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San Francisco, CA
Founded 2016
$170M (Spectrum 28 debut fund, 2016)
Assets Managed
Enterprise SoftwareSaaSDeveloper ToolsCybersecurity
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New York, NY
Founded 2013
$160M+ (Fund III)
Assets Managed
Oort's acquisition by Cisco - one of several strategic exits in 645's portfolio, alongside LeagueApps' acquisition by Accel-KKR
FintechEnterpriseHealthtechCybersecurity
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New York, NY
Founded 2013
$160M+ (latest fund)
Assets Managed
CoreOS's acquisition by Red Hat - one of several enterprise infrastructure exits in Work-Bench's portfolio, alongside Semmle's acquisition by GitHub
Enterprise SoftwareAI/MLDeveloper ToolsInfrastructure
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$150M (one named vehicle only - "Delta Liquid Fund has an AUM of $150 million", deltafund.io/about-us, checked 2026. No firm-level AUM is published)
Assets Managed
BlockchainDeFiCryptoGaming
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New York, New York
Founded 2020
$140M (Fund II, closed 2022; ~$250M raised in total per Forbes, 2025)
Assets Managed
AI InfrastructureFintechCybersecurityMarketplaces
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San Francisco, CA
Founded 2025
$22M+ (debut fund)
Assets Managed
No public exit yet - Modern Technical Fund closed its debut fund in 2025 and is still building its earliest cohort of technical founders
InfrastructureDataSecurityDeveloper Tooling
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Palo Alto, CA
Founded 2000
Not publicly disclosed
Assets Managed
No specific blockbuster exit publicly listed - Storm's track record instead spans more than 200 investments and multiple acquisitions across two-plus decades of early-stage B2B enterprise software investing
Enterprise SoftwareCybersecurityAIDeveloper Tools
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San Francisco, CA
Founded 2016
Not disclosed (100+ companies backed, including 15 unicorns and 6 IPOs)
Assets Managed
Cloudflare's 2019 NYSE IPO, ranked by Dealroom as an M12 portfolio outcome valued at $4.4 billion - sourced from a secondary database rather than Microsoft's own materials, so treated as secondary-verified
AIEnterprise SoftwareCybersecurity
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San Francisco, CA
Founded 2010
Not disclosed (150+ investments since launch; 200+ and ~30 exits at 15-year mark)
Assets Managed
No single dollar-verified signature exit - Arvind Purushotham's tenure has included Silver Tail Systems' acquisition by EMC among more than 120 investments, with the broader firm marking its 15th year at more than 200 in…
FintechAIEnterprise SoftwareCybersecurity
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Not disclosed (145 investments to date)
Assets Managed
No disclosed public exit - Barclays UK Ventures instead operates as an internal build-and-invest studio, having made 145 investments and incubated ventures directly rather than only writing outside checks
FintechCybersecurityData & AI
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Cambridge, UK
Founded 1997
Not publicly disclosed
Assets Managed
Deep TechAICybersecurityHealthcare
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New York, NY
Founded 2016
Not publicly disclosed
Assets Managed
Artificial IntelligenceFintechBiotechDefense Tech
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New York, NY
Founded 2018
Portfolio company Standard Nuclear, the Oak Ridge TRISO nuclear fuel maker, completed its initial public offering on the NYSE as STDN in July 2026.
Defense TechNational SecurityEnergyAerospace
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Stamford, CT
Founded 2015
CoinDesk (sold to Bullish Global, announced 20 November 2023; terms not disclosed)
CryptoBlockchainWeb3DeFi
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Not publicly disclosed (an evergreen fund that reinvests the proceeds of its investments; its own releases state over $115 million invested in more than 185 companies since 1978, which is cumulative capital deployed, not AUM)
Assets Managed
JetCool Technologies (acquired, November 2024)
Deep TechAdvanced ManufacturingAIRobotics
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Glasgow, United Kingdom
Founded 2009
McKenzie Intelligence Services (sale to Verisk, announced 29 July 2026; 3.0x money multiple for the Maven VCTs)
SoftwareTechnologyCybersecurityFinancial Technology
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Arlington, VA
Founded 2010
LKC Technologies (acquired by AMETEK, announced 3 February 2026)
CybersecurityEnterprise
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Santa Monica, CA
Founded 2019
Superhuman (Grammarly announced its intent to acquire it on 1 July 2025; Mantis lists Superhuman under Acquisitions on its own portfolio page)
AI/MLEnterpriseFrontier TechnologiesHealthcare
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Lyon, France
Founded 2017
Trustpair (acquired by Basware, announced by Axeleo Capital on 26 August 2026)
CybersecurityAIData InfrastructureFintech
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Salt Lake City, UT
Founded 1986
Not publicly disclosed (no firm-level AUM figure is published; the firm's own 28 January 2025 post states it raised $500m for its eighth venture fund, filed on EDGAR across Pelion Ventures VIII, VIII-A, VIII-C and an Entrepreneurs Fund)
Assets Managed
Aumni (acquired by J.P. Morgan, announced on Pelion's own news index dated 6 April 2023)
TechnologyAIMarketplacesSecurity
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