Enterprise software remains venture capital's most durable category, spanning SaaS, vertical software, and infrastructure tooling that businesses depend on daily. The firms below range from mega-funds with decades of enterprise pattern recognition to focused seed specialists betting on the next generation of B2B category leaders.
$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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Over $100B (the homepage states "With over $100B assets under management"; the firm's own footer defines that as net asset value plus uncalled capital commitments across all ICONIQ accounts and funds, approximate, unaudited and subject to change, with no as-of date given)
Assets Managed
Snowflake (IPO)
TechnologyEnterprise SoftwareReal EstateInfrastructure
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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 1972
Nvidia - an early investor that rode the company to become one of the most valuable in the world
Enterprise SoftwareConsumerAISemiconductors
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Shenzhen, China
Founded 1999
US$50B+ (approx.; the firm's figure is RMB 360.273bn of paid-in capital across all funds it and its subsidiaries manage at 31 December 2024, per its 2025 bond credit rating report - paid-in fund scale, not net asset value)
Assets Managed
SemiconductorsTechnologyRoboticsIndustrial Manufacturing
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Menlo Park, CA
Founded 2000
Snap's 2017 IPO, five years after Lightspeed wrote Snapchat's first-ever institutional check
Enterprise InfrastructureConsumer
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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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Menlo Park, CA
Founded 1972
Google's 2004 IPO - the firm's $12.5 million bet alongside Sequoia Capital remains one of the most celebrated investments in venture capital history
Enterprise SoftwareConsumer InternetHealthcareAI
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Palo Alto, CA
Founded 2012
$20.78B (RAUM, Form ADV 2026)
Assets Managed
Nubank's 2021 NYSE IPO - Ribbit was an early backer of the Brazilian neobank, which reached a market capitalization of roughly $67.4 billion by July 2026
FintechCryptoConsumer InternetAI
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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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$19B invested cumulatively across funds (not a current single fund figure)
Assets Managed
Alnylam Pharmaceuticals' 2004 IPO (NASDAQ: ALNY) - an early Polaris healthcare investment
HealthcareEnterprise Software
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Beijing, China
Founded 2002
US$16.26B (RMB 114.322bn / ￥1143.22亿 of assets under management as of end-2025, stated by the firm on its own About page in both Chinese and English)
Assets Managed
WH Group (万洲国际), the combination of Shuanghui and Smithfield, IPO on the Hong Kong Stock Exchange, August 2014
ConsumerHealthcareHard TechB2B
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Menlo Park, CA
Founded 1961
Spotify's 2018 direct listing on the NYSE - one of several major exits, including Lending Club's 2014 IPO, where Norwest was the largest institutional investor
Enterprise SoftwareConsumer InternetFintechHealthcare
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Wayfair's 2014 IPO - Battery led the company's first institutional financing round in 2011, after General Partner Neeraj Agrawal recognized the opportunity through a decade-long friendship with co-founder Niraj Shah
Enterprise SoftwareSaaSConsumer InternetIndustrial Technology
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Mountain View, CA
Founded 2009
Uber's 2019 IPO - GV's $258 million investment, personally led by CEO David Krane, was one of the largest venture checks in Uber's early history
Consumer InternetLife SciencesEnterprise SoftwareAI
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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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Redwood City, CA
Founded 1911
$10B+ (recent fund)
Assets Managed
LinkedIn's 2011 IPO, followed by its 2016 acquisition by Microsoft
Cloud SoftwareConsumerHealthcare
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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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Menlo Park, CA
Founded 1996
$10B+ (RIA regulatory AUM)
Assets Managed
Coupang's 2021 NYSE IPO - Altos was an early backer of the South Korean ecommerce company, which priced at an implied valuation of $62.1 billion
ConsumerEnterprise SoftwareMarketplacesFintech
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Bengaluru, India
Founded 2006
Freshworks, which Reuters reported was targeting nearly $9.6 billion ahead of its IPO and which was valued at $12.2 billion on debut-day trading
AIFintechEnterprise SoftwareConsumer
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Shanghai, China
Founded 2006
Xiaomi's 2018 Hong Kong IPO - Qiming was an early seed investor, one of more than 180 completed exits across the firm's portfolio including Bilibili, Zhihu, and Meituan
Enterprise SoftwareAIHealthcareConsumer
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Beijing, China
Founded 2008
US$9.5B+ (approx.; the firm's figure is RMB 70B+ 管理规模 on its own About page, undated, checked 2026 - no USD figure is published by the firm)
Assets Managed
Deep TechIndustrial TechHealthcareFrontier Technologies
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Manhattan Beach, CA
Founded 2015
$9.0B (2026)
Assets Managed
Leading a 2026 investor consortium with CalPERS to acquire Russell Investments, a nearly century-old asset manager overseeing more than $400 billion - a rare case of a venture-founded firm taking control of a legacy fina…
Enterprise SoftwareFintechHealthcareClimate
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San Francisco, CA
Founded 1995
eBay - a $6.7 million Series A in 1997 that became one of the best-performing venture bets ever made
Consumer InternetMarketplacesEnterprise
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Twitter's 2013 IPO - Spark led the company's early investment in 2007 when it had fewer than a dozen employees
Consumer InternetEnterprise SoftwareFintechAI
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Beijing, China
Founded 2014
No single named exit - Source Code's earliest and most consequential bet, ByteDance, remains private and globally dominant, while portfolio companies Meituan, KE Holdings, and Li Auto have all completed IPOs backed by mu…
AIEnterprise SoftwareConsumerHealthcare
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New York, NY
Founded 2020
dLocal's 2021 NASDAQ IPO under ticker DLO at a $6 billion valuation - Addition's first major public exit, backing the Uruguayan payments company as an early investor
FintechEnterprise SoftwareConsumerAI
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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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Menlo Park, CA
Founded 1987
$7B (following $850M Fund XIII)
Assets Managed
The RealReal's 2019 Nasdaq IPO - Maha Ibrahim was the company's first investor and sat on its board through the listing
Enterprise SoftwareFintechConsumer InternetHealthcare
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Tokyo, Japan
Founded 1973
$6.8B (¥1 trillion, 2025)
Assets Managed
Mercari's 2018 Tokyo Stock Exchange IPO - one of over 1,041 portfolio IPOs JAFCO has facilitated since its founding, more than any other Japanese venture firm
Enterprise SoftwareFintechRoboticsHealthcare
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Wish's NASDAQ IPO in December 2020 at a $14.1 billion valuation - Joe Lonsdale was an early institutional investor in the e-commerce company
Enterprise SoftwareDefense TechHealthcareAI
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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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Shanghai, China
Founded 2008
Xiaomi's 2018 Hong Kong Stock Exchange IPO - 5Y (then Morningside) was Xiaomi's first institutional backer, realizing a reported 800x return on its original investment as the company grew into one worth roughly $170 bill…
AIConsumer InternetEnterprise SoftwareDeep Tech
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San Francisco, CA
Founded 2018
No confirmed public exit yet for Bond's own portfolio - the firm's clearest proof point remains Canva, backed since 2019 at a $70 million investment and now valued at $42 billion while still privately held
Enterprise SoftwareConsumerDeep Tech
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Menlo Park, CA
Founded 1976
Uber's 2019 IPO - Menlo led the company's $32 million Series B in 2011 after a16z passed on the deal, and realized a 93x return when a SoftBank-led group bought part of its stake for $973 million in 2018
Consumer InternetEnterprise SoftwareAI
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$5B+ (the firm's own homepage figure, checked 2026; its About page states "$8 billion of assets under management" on the same date - the two first-party figures conflict and are not reconciled here, so the lower is taken)
Assets Managed
Ujala Cygnus (full exit on General Atlantic's acquisition of a significant majority stake, 2024)
ConsumerHealthEnterpriseFintech
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Cambridge, MA
Founded 1970
Beam Therapeutics' 2020 Nasdaq IPO - President Stephen Knight personally co-founded the gene-editing company and has served on its board since 2017
BiotechHealthcareEnterprise SoftwareFintech
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Menlo Park, CA
Founded 1989
No single signature exit with a verified public dollar figure - Crosslink's track record instead runs through Alpha, its invite-only network of more than 2,000 founders, CEOs, and investors co-founded by General Partner …
AIEnterprise SoftwareConsumer InternetFintech
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Menlo Park, CA
Founded 2005
Meituan's 2018 Hong Kong IPO at a roughly $63 billion valuation - an early Northern Light bet, alongside co-founders Feng Deng and Yan Ke's own prior exit: NetScreen Technologies' $4.2 billion acquisition by Juniper Netw…
Enterprise SoftwareHealthcareConsumerAI
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Menlo Park, CA
Founded 1999
Netflix - an early investor that backed the company years before streaming existed as a category
Consumer InternetCloud InfrastructureSaaSEnterprise Software
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Menlo Park, CA
Founded 1996
Musical.ly's acquisition by ByteDance in 2017, later merged into TikTok - an early DCM bet on short-form video years before the category became a cultural phenomenon, alongside seven IPOs since 2019 including Bill.com, L…
FintechConsumerEnterprise SoftwareAI
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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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Australia (offices listed as Melbourne, Sydney, Singapore, Tel Aviv and San Francisco)
Founded 2012
US$4.3B (in assets across the firm's venture capital and public equities funds, per its own About page, checked 2026; the page says "assets", not "assets under management")
Assets Managed
AIFintechSaaS
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Beijing, China
Founded 2014
Pinduoduo's NASDAQ IPO and Kuaishou's Hong Kong IPO - two of the clearest public-market outcomes across Gaorong's decade-plus track record backing Chinese consumer internet companies
ConsumerEnterprise SoftwareHealthcare
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London, United Kingdom
Founded 2012
$4B+ (assets under management, stated on the firm's own homepage, checked 2026)
Assets Managed
Wolt (acquired by DoorDash), listed as an exited investment on the Highland Europe profile pages of David Blyghton, Irena Goldenberg and Helena Richardson
SoftwareConsumer
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Brooklyn, NY
Founded 2019
$3.8B (approximately, stated by the firm in its own 4 August 2026 announcement; its 8 January 2026 announcement stated approximately $2.5B)
Assets Managed
Jackpocket (acquired by DraftKings, completed 22 May 2024)
Artificial IntelligenceEcommerceEdtechFintech
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Beijing, China
Founded 2004
US$3.7B (firm homepage, "Under Management $3.7B" / 管理资本 37亿美元, 2026; the firm's About page gives a lower figure, over US$3.0B)
Assets Managed
AIEnterprise SoftwareConsumer InternetConsumer
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New York, NY
Founded 2008
$3.5B (committed capital)
Assets Managed
Pinterest's 2019 NYSE IPO - Co-Founder Rick Heitzmann personally wrote the company's seed check, years before it went public
Enterprise SoftwareConsumerAIFintech
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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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$3.5B (shown under the label "AUM" in the "Z47 by the Numbers" section of the firm's own homepage, checked 2026; the page carries no as-of date)
Assets Managed
AISoftwareFintechConsumer
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San Francisco, CA
Founded 2017
Reddit's 2024 IPO on NYSE - Craft backed the company in 2017, years before its public debut
SaaSMarketplacesAICloud/Infrastructure
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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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$3.1B+ (current), latest fundraise €1B (2022)
Assets Managed
Spotify's 2018 direct listing, which ended its first day of trading at a valuation of about $26.5 billion
AIFintechHealthcareEnterprise Software
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Palo Alto, CA
Founded 1969
Apple's December 1980 NASDAQ IPO - Venrock invested $288,000 for roughly 10% equity in 1978, one of more than 112 IPOs across the firm's history, alongside Intel's 1971 IPO and Gilead Sciences
HealthcareEnterprise SoftwareConsumerDeep Tech
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Montreal, Canada
Founded 1953
$3B (across venture and growth funds)
Assets Managed
No focus on traditional exits - as Canada's national development bank's venture arm, BDC Capital measures success through co-investment reach; Lightspeed Commerce's 2020 NYSE IPO is among the notable companies it helped …
Enterprise SoftwareAIClimate
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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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New York, NY
Founded 2006
$3B+ (across all funds)
Assets Managed
Venmo - Greycroft was an early seed investor in the payments app; Braintree, which had acquired Venmo, was sold to PayPal for $800 million in 2013
Enterprise SoftwareFintechConsumerAI
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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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Palo Alto, CA
Founded 1995
Netflix - Foundation Capital was one of the company's original investors years before it became a public, category-defining media company, one of 26 IPOs across the firm's three-decade history
FintechEnterprise SoftwareConsumerAI
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Munich, Germany
Founded 2000
Zalando's IPO on the Frankfurt Stock Exchange - HV Capital (then Holtzbrinck Ventures) was Zalando's first institutional investor
Consumer InternetEnterprise SoftwareFintech
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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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San Francisco, CA
Founded 2010
Twilio's NYSE IPO under ticker TWLO - one of 500 Global's earliest and most consequential bets, backed years before it became a category-defining cloud communications company
FintechEnterprise SoftwareConsumer
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Tokyo, Japan
Founded 1998
$2.7B+ (the firm's own AUM figure, 2026; the Japanese site prints 運用総額 ¥400B+)
Assets Managed
Timee, Inc. (IPO, Tokyo Stock Exchange Growth Market, 26 July 2024)
FintechBlockchainHealthcareAI
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San Francisco, CA
Founded 2017
No confirmed public exit yet - Base10's clearest proof points are current portfolio companies growing rapidly, including Nubank (NYSE: NU) as one of the firm's larger co-investment wins alongside Notion and Figma, both s…
Industrial TechFintechEnterprise SoftwareAI
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Menlo Park, CA
Founded 2006
Delhivery's 2022 IPO on India's NSE and BSE exchanges - one of Nexus's earliest and largest India-based portfolio bets, backed years before it became India's leading logistics company
Enterprise SoftwareAIFintechConsumer
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New York, NY
Founded 2015
Ecwid's 2021 acquisition by Lightspeed Commerce for $500 million - PeakSpan invested in the ecommerce platform in March 2020 and exited the following year
AIEnterprise SoftwareVertical SaaSFintech
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New York, NY
Founded 1994
$2.5B+ (across 10 funds)
Assets Managed
Braintree's $800 million acquisition by PayPal in October 2013 - RRE was an early investor in the payments company years before its exit
Enterprise SoftwareFintechConsumerAI
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Paris, France
Founded 1982
€2.5B (~$2.7B)
Assets Managed
No single confirmed signature exit - Partech instead measures itself by breadth and duration: 220-plus active portfolio companies across 40 countries and four continents, built over more than four decades since its 1982 …
FintechDeep TechEnterprise SoftwareEnergy
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$2.4B (across seven funds)
Assets Managed
Datadog's independent NASDAQ IPO at a $7.83 billion market cap, and Expensify's NASDAQ IPO in November 2021 at a $1.82 billion market cap - OpenView's two confirmed public listings among more than 60 portfolio companies
Enterprise SoftwareFintechAI
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Stockholm, Sweden
Founded 2016
€2.3B+ (across three funds)
Assets Managed
Wolt's $8.1 billion acquisition by DoorDash in November 2021 - Sifted reported this delivered a roughly 200x multiple on EQT Ventures' original 2016 investment, one of the largest returns in European venture history
Enterprise SoftwareConsumerMarketplacesAI
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San Mateo, CA
Founded 2003
Zoom's 2019 IPO - General Partner Santi Subotovsky led Emergence's investment when the video conferencing company was still a little-known startup, and remains on its board today
Enterprise SoftwareSaaSCloud Infrastructure
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Palo Alto, CA
Founded 1964
$2.3B (2026)
Assets Managed
Enterprise SoftwareInfrastructureCybersecurityCloud
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Seoul, South Korea
Founded 1990
$2.3B (approx.; the firm's figure is ₩3.236 trillion stated as 운용자산(AUM) across 45 funds, per Asia Economy, 26 August 2026 - no USD figure is published by the firm)
Assets Managed
Synap Soft (사이냅소프트) - KOSDAQ listing, November 2024
AIDataRoboticsSaaS
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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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Palo Alto, CA
Founded 2011
Slack's 2019 NYSE IPO under ticker WORK, followed by Salesforce's more than $27 billion acquisition of the company in 2021 - one of Chamath Palihapitiya's earliest and most defining bets
AIHealthcareClimateEnterprise Software
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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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Buenos Aires, Argentina
Founded 2011
$2B+ raised across seven funds
Assets Managed
Nubank's 2021 NYSE IPO - Kaszek was an early backer of the Brazilian neobank, which reached a market capitalization of roughly $67 billion by 2026
FintechEcommerceMarketplacesEnterprise Software
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Kuala Lumpur, Malaysia
Founded 2002
Prenetics' 2023 Nasdaq listing via SPAC merger - one of four Gobi-backed companies to reach unicorn status, alongside Carsome, Animoca Brands, and Amber Group
Consumer InternetFintechMobilityEnterprise Software
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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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~$2B (the firm's About Us page states "AUM of ~$2 billion since 2011 across seven USD funds", checked 2026; the Chinese-language site states 资产管理规模近20亿美元, which agrees)
Assets Managed
Deep TechAIInternetConsumer
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Menlo Park, CA
Founded 2018
No major venture-portfolio exit reported yet - Tribe's clearest public-market event is its own 2021 SPAC, which listed on NASDAQ with $240 million in capital, distinct from a traditional portfolio-company exit
Enterprise SoftwareFintechCryptoAI
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Santa Monica, CA
Founded 1996
Overture's $1.83 billion acquisition by Yahoo in 2003 - an early internet search advertising pioneer the firm's founders backed under its original name, GRP Partners
ConsumerEnterprise SoftwareFintechMedia
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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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$1.8B+ (across nine funds since founding)
Assets Managed
Fitbit's approximately $2.1 billion acquisition by Google in 2019 - an early Foundry investment, alongside Zynga's IPO at a $7 billion valuation and Gnip's acquisition by Twitter
Enterprise SoftwareConsumerAI
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€1.7B (the nos-metiers page refers to "1,7 milliard d'euros d'actifs sous gestion" and the homepage shows "1,7 md€" as its assets-under-management figure, checked 2026)
Assets Managed
HealthcareFoodtechAgricultureB2B
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£1.525B gross portfolio value / £1.324B net assets (as of March 31, 2026)
Assets Managed
UiPath, which Molten highlights at a $35.8 billion closing price post-IPO
Enterprise SoftwareFintechDeep TechHealthcare
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New York, NY
Founded 2010
$1.5B (across nine funds)
Assets Managed
BuzzFeed's SPAC merger in December 2021 at a $1.5 billion valuation - Lerer Hippeau was an early backer of the media company, alongside earlier public listings for Warby Parker and Casper
ConsumerHealthcareFintechEnterprise Software
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San Francisco, CA
Founded 2015
Lyft's 2019 Nasdaq IPO - one of NFX's earliest network-effects bets, backed years before the ride-sharing company's public debut, alongside fellow early portfolio company DoorDash
MarketplacesAIConsumerSaaS
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Riyadh, Saudi Arabia
Founded 2018
$1.4B+ (across multiple funds)
Assets Managed
Careem's acquisition by Uber - a landmark exit for STV's MENA portfolio
FintechEnterprise SoftwareHealthcare
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Bonn, Germany
Founded 2005
€1.4B+ (following Fund IV launch)
Assets Managed
CureVac's August 2020 Nasdaq IPO - HTGF backed the mRNA vaccine developer as a seed-stage investor years before it became a household name during the COVID-19 pandemic
Deep TechHealthcareClimateEnterprise Software
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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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Menlo Park, CA
Founded 1986
$1.25B (latest funds)
Assets Managed
New Relic's December 2014 NYSE IPO under ticker NEWR - one of several public listings across Trinity's four-decade history, alongside LoopNet's 1999 IPO and Zulily's 2013 IPO
Enterprise SoftwareFintechConsumerAI
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Firmwide AUM not disclosed; Fund VI reported at ~$1.24B (2024)
Assets Managed
Supercell's 2016 sale to Tencent in a deal valued at roughly $8.6 billion - one of the largest exits in European venture history
AIEnterprise SoftwareFintechHealthcare
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Berlin, Germany
Founded 2012
No confirmed public exit yet - Project A's model is operational company-building rather than harvesting, and its clearest current proof point is Trade Republic, now managing €100 billion in customer assets while still pr…
FintechDefense TechEnterprise SoftwareAI
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Sydney, Australia
Founded 2014
$1.2B+ (across all funds)
Assets Managed
No confirmed public exit yet - AirTree's clearest proof points are current unicorns Canva, Airwallex, and Linktree, all still privately held among the firm's eight billion-dollar-plus portfolio companies
FintechConsumerEnterprise SoftwareClimate
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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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Sydney, Australia
Founded 2012
A$1.05B (sixth fund, final close announced 25 August 2026; Blackbird publishes no firm-wide AUM or funds-under-management figure)
Assets Managed
Zoox (acquired by Amazon, 2020)
SoftwareSpaceTechnology
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Santa Clara, CA
Founded 2015
$300M deployed toward a $1B target by 2026
Assets Managed
No single defined public exit documented - ServiceNow Ventures backs early-stage companies extending the Now Platform
Enterprise SoftwareAI
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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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New York, NY
Founded 2015
Jet.com's approximately $3.3 billion acquisition by Walmart in September 2016 - Brad Svrluga was an early investor via the firm's predecessor, High Peaks Ventures
FintechConsumerHealthcareEnterprise Software
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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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New York, NY
Founded 2000
$1B (latest fund, 2023)
Assets Managed
Datadog's 2019 Nasdaq IPO - RTP Global was an early Series A-through-D investor in the observability platform, which priced at $27 per share and had grown to a market capitalization of roughly $93 billion by July 2026
AIEnterprise SoftwareFintechDeveloper Tools
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€1B+ (more than $1B)
Assets Managed
AUTO1 Group's 2021 Frankfurt Stock Exchange IPO at approximately €7.9 billion - Germany's largest tech IPO at the time, with DN Capital exiting 95% of its stake
FintechSaaSConsumer InternetAI
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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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No single dollar-verified signature exit - Amit Anand has personally led three real exits (Zipdial to Twitter, TradeGecko to Intuit, Travelmob to HomeAway), while the firm's four unicorns (Livspace, Kredivo, Moglix, Buil…
SaaSB2BFintechConsumer Tech
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Currencycloud's acquisition by Visa in 2021 - Notion was an early investor in the cross-border payments platform, one of the firm's clearest proof points alongside continued backing of GoCardless
Enterprise SoftwareFintechAI
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No traditional exit yet - Antler's model is building companies from Day Zero rather than harvesting existing ones, and its clearest proof points are two current unicorns: Airalo (eSIM marketplace) and Lovable (Swedish AI…
ConsumerEnterprise SoftwareFintechAI
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Mountain View, CA
Founded 2017
No confirmed exit yet - Gradient's clearest proof points are current unicorns WRITER and Lambda AI, both still privately held, within a broader 175-plus company portfolio
AIDeveloper ToolsEnterprise SoftwareFintech
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$1B (assets under management, per flybridge.com homepage)
Assets Managed
MongoDB (IPO, 2017)
AIDeveloper ToolsEnterprise SoftwareSaaS
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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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Herzliya, Israel
Founded 2008
~$1B (across four funds, stated on the fund's own page)
Assets Managed
Similarweb (IPO, 2021)
Enterprise SoftwareFintechInsurtechEcommerce
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Los Angeles, CA
Founded 2017
Over $1B (in assets including the funds at its predecessor firms, February 2025; Bonfire IV closed with $245M in commitments)
Assets Managed
MNTN (NYSE IPO, 22 May 2025)
B2B SoftwareEnterprise SoftwareSaaSAI
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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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Burlington, VT
Founded 2014
No single blockbuster exit - Gaingels' model is co-investing alongside lead VCs in oversubscribed rounds rather than leading deals, and its clearest proof point is scale: more than $1 billion deployed into 2,500-plus com…
Enterprise SoftwareFintechConsumer
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$844M+ (the homepage statistics block prints "$844M+ / ASSETS MANAGED" and does not date it; the phrase "assets under management" does not appear there. The firm's own Fund VII announcement of 6 July 2022 said it "manages more than $950 million in assets")
Assets Managed
Vacasa (Nasdaq: VCSA) - Silverton Partners IV, L.P. reported a position on a Schedule 13G filed 14 February 2022; Casago completed its acquisition of Vacasa in 2025.
ConsumerEnterpriseFintechHealthcare
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$820M+ (across five funds)
Assets Managed
Careem's 2019 acquisition by Uber for $3.1 billion - BECO was an early backer of the Gulf's dominant ride-hailing company, one of two billion-dollar-plus exits in the firm's track record alongside Property Finder
FintechEnterprise SoftwareConsumerAI
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San Francisco, CA
Founded 2009
$800M+ deployed (since inception)
Assets Managed
PillPack's $753 million acquisition by Amazon in September 2018 - Kevin Colleran was an early investor in the online pharmacy
ConsumerFintechEnterprise SoftwareCrypto
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Los Altos, CA
Founded 2017
$800M+ (following two additional $150M funds, 2024)
Assets Managed
No public exit yet - Toyota Ventures' clearest proof point remains Nuro, the self-driving delivery company it backed early, which stays private, alongside continued frontier bets in generative AI, e-fuels, space commerci…
AIRoboticsClimateEnterprise Software
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Singapore, Singapore
Founded 2014
US$800M (committed capital across 6 funds, stated on openspacecapital.com)
Assets Managed
GoTo (IPO, 2022)
ConsumerFintechHealthcareSaaS
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$770M (Fund X + Acceleration Fund IV, 2025)
Assets Managed
Redfin's 2017 Nasdaq IPO - one of several Madrona 'day one to IPO' partnerships, alongside Smartsheet's 2018 listing and Impinj's public debut
AICloud InfrastructureEnterprise SoftwareMarketplaces
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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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Miami Beach, FL
Founded 2018
$750M (under management as reported Nov 2024; Fund IV closed at $270M)
Assets Managed
Weekend Health (acquired by WW International, 2023)
ConsumerFintechSaaSAI
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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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Bengaluru, India
Founded 2017
$600M+ (across three funds, stated on stellarisvp.com; Fund III closed at $300M in Nov 2024)
Assets Managed
Mamaearth / Honasa Consumer (IPO, 2023)
AISaaSConsumerFintech
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San Francisco, CA
Founded 2005
$600M (the firm's own homepage label "Under management $600M", checked 2026; the site does not use the words "assets under management". A 20 November 2025 VCWire interview reports over $600M across multiple funds)
Assets Managed
Future of WorkSaaSFintechInsurtech
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New York, NY
Founded 2007
$550M (across two new funds, as of October 2025)
Assets Managed
Flatiron Health's $1.9 billion acquisition by Roche in 2018 - BoxGroup was an early investor in the healthcare data company, one of several major exits alongside PillPack, Matterport, and Trello
FintechEnterprise SoftwareConsumerDeep Tech
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Stockholm, Sweden
Founded 2003
€500M+ across funds (approximate)
Assets Managed
Spotify's 2018 NYSE direct listing - an early Creandum investment and one of Europe's defining tech IPOs
Enterprise SoftwareFintechHealthcareGaming
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Pleasanton, CA
Founded 2018
No single defined public exit documented - Workday Ventures backs emerging enterprise software companies in AI, data, and infrastructure
Enterprise SoftwareAI
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Berlin, Germany
Founded 2012
$500M (new funds announced 2025: Cherry V + opportunity fund)
Assets Managed
AUTO1 Group's 2021 Frankfurt debut, which implied a market value of around €10.6 billion on day one
AIEnterprise SoftwareFintechClimate
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No standalone AUM disclosed; Phoenix Court family reported $500M first close (2022)
Assets Managed
Wise's 2021 direct listing on the London Stock Exchange, valuing the fintech company at about $11 billion
FintechConsumerMarketplacesEnterprise Software
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Singapore, Singapore
Founded 2012
US$500M (total assets under management, stated on wavemaker.vc)
Assets Managed
Wavecell (acquired by 8x8, 2019)
Enterprise SoftwareDeep TechSustainability
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Abu Dhabi, United Arab Emirates
Founded 2017
US$500M (approximate assets under management stated on shorooq.com/about, up from US$2M at founding)
Assets Managed
FintechEnterprise SoftwareAIFrontier Technologies
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Salt Lake City, UT
Founded 2008
$500M+ (the firm's own FAQ Quick Facts line "Assets under management: $500M+", checked 2026; earlier dated figures were over $250M in April 2020 and nearly $500M in March 2023)
Assets Managed
Angel Studios (NYSE: ANGX, listed via SPAC merger with Southport Acquisition Corporation, September 2025); listed under the "Exits" heading on Kickstart's own partner biography pages.
AIEnterprise SoftwareSaaSFintech
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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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Portola Valley, CA
Founded 2019
$450M (Fund IV + Select Fund, closed May 2022)
Assets Managed
Livongo's $18.5 billion acquisition by Teladoc Health in October 2020 - Threshold (then DFJ) backed Livongo in its earlier stages, making this one of the firm's largest realized exits
Enterprise SoftwareFintechHealthcareDeveloper Tools
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Cambridge, MA
Founded 1977
Oculus VR's 2014 acquisition by Facebook for approximately $2.3 billion - Matrix backed the company at an early stage
AIInfrastructureFintechSemiconductors
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San Francisco, CA
Founded 2013
No public exits yet - the firm instead measures itself by founder outcomes: head Roy Bahat cites 93 founders who've become millionaires from Bloomberg Beta-backed companies as the metric he's proudest of, ahead of raw re…
AIEnterprise SoftwareFintechFuture of Work
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Singapore, Singapore
Founded 2018
$450M (total assets under management, November 2024, per GamesBeat reporting the Fund III close; the firm's own homepage still carries the older figure of $175M across two funds from 2021)
Assets Managed
Reworks (acquired by Playtika, 2021)
GamingConsumerB2BInfrastructure
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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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Washington, D.C.
Founded 2005
$400M+ (Revolution Ventures funds specifically)
Assets Managed
Booker's $150 million acquisition by Mindbody in March 2018 - Revolution Ventures participated in Booker's Series A and B rounds, one of several exits including FitnessKeeper (acquired by Asics) and OrderUp (acquired by …
ConsumerEnterprise SoftwareFintech
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Amsterdam, Netherlands
Founded 2015
$400M+ (deployed in FY25)
Assets Managed
Advolve.AI's acquisition by iFood in 2025 - a Prosus Ventures portfolio company acquired by iFood, itself a wholly-owned Prosus subsidiary since 2022 and Latin America's dominant food delivery platform
FintechAIEnterprise SoftwareConsumer
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San Francisco, CA
Founded 2008
$400M target, Fund V, announced January 2025 ($160M secured at announcement)
Assets Managed
Affirm and Opendoor, both of which the firm's own team page states Raymond Tonsing backed from seed through to IPO.
Enterprise ApplicationsFintechDeep TechAI
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Amsterdam, Netherlands
Founded 2013
$400M+ (total commitments, stated on anterracapital.com)
Assets Managed
Caribou Biosciences (IPO, 2021)
AgtechBiotechFintechEnterprise Software
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Indianapolis, IN
Founded 2015
Over $385M (total assets under management, per the firm's own 11 June 2024 announcement, "High Alpha IV brings total assets under management to over $385M"; the same announcement gives High Alpha IV as a $125M fund, which is a fund size)
Assets Managed
Logik.ai (acquired by ServiceNow, 2025)
B2B SoftwareSaaSEnterprise Software
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San Francisco, CA
Founded 2013
$365M (across funds)
Assets Managed
No confirmed exit yet for Zetta's own portfolio - founder Mark Gorenberg's prior 20-year track record at Hummer Winblad includes real, verified exits at Omniture (Adobe), AdForce (CMGI), NetDynamics (Sun Microsystems), a…
AIEnterprise SoftwareDeveloper Tools
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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 Francisco, CA
Founded 2004
$300M+ (recent funds)
Assets Managed
SendGrid's 2017 IPO, followed by its 2019 acquisition by Twilio - Uncork backed the email infrastructure company as a seed investor years before either milestone
Consumer InternetSaaSMarketplaces
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ThredUp's 2021 Nasdaq IPO - NextView backed the online consignment marketplace as a seed-stage investor years before its public debut
MarketplacesConsumerDigital HealthVertical SaaS
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Berlin, Germany
Founded 2013
€300M (Rocket Internet balance-sheet allocation, 2024)
Assets Managed
FintechSoftwareHealth TechConsumer Tech
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San Mateo, CA
Founded 1982
$265M (Fund XIII, 2023)
Assets Managed
Enterprise SoftwareAICybersecurityCloud Infrastructure
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Palo Alto, CA
Founded 2012
$260M (Fund IV $140M + Mustang I $120M, 2023)
Assets Managed
Dollar Shave Club's approximately $1 billion acquisition by Unilever in 2016 - an early Cowboy Ventures investment, and one of the deals that shaped Aileen Lee's broader 'unicorn' framework
ConsumerFintechEnterprise Software
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~$260M (across three funds)
Assets Managed
No confirmed public exit yet - Novastar's clearest proof points are its early bets on Bridge International Academies, Sanergy, mPharma, and SolarNow, all real, still-growing companies serving East and West Africa's mass-…
ConsumerClimateHealthcareEnterprise Software
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Helsinki, Finland
Founded 2018
€260M (stated as "260M€ Assets under management" on the firm's own About page, checked 2026; the page gives no as-of date)
Assets Managed
Deep TechConsumer ProductsSoftwareTechnology
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$250M (2025)
Assets Managed
No single defined public exit documented - Golden Gate backs early-stage fintech, mobility, and SaaS startups across Southeast Asia
FintechMarketplacesEnterprise Software
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Stuttgart, Germany
Founded 2016
Up to €250M allocated (2023 announcement)
Assets Managed
No single dollar-verified signature exit - confirmed outcomes include Fleetonomy's 2020 sale to digital infrastructure company Via and Greyp Bikes' 2021 acquisition by Porsche itself, though neither transaction's value w…
MobilityClimateEnterprise Software
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San Francisco, CA
Founded 2015
The Athletic's 2022 acquisition by The New York Times for $525 million - Precursor backed the sports media company years before the deal, as one of founder Charles Hudson's earliest bets
SoftwareHardwareConsumer
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New York, NY
Founded 2010
$250M (Fund VII, 2025)
Assets Managed
CybersecurityAI InfrastructurePhysical AIDeveloper-First Infrastructure
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$250M (assets under management; most recent fund, Fund V, is $50M - TechCrunch, June 2024)
Assets Managed
Honey (acquired by PayPal, 2020)
ConsumerEnterprise SoftwareMobility
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Lisbon, Portugal
Founded 2018
€244M (stated as "€244M of AUM" on the firm's own homepage, checked 2026; no as-of date is given for the figure)
Assets Managed
SaaSAIDeep TechSpace
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San Francisco, California
Founded 2021
$225M (Fund II, began investing 2025; Fund I was $175M, 2021)
Assets Managed
Waldo (acquired by Tricentis, 2023)
ConsumerConsumer InternetEnterprise Software
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Indianapolis, IN
Founded 2011
$222M (published by the firm on its own team page, read 2026, in the words "To date we have $222 million AUM"; the page gives no as-of date)
Assets Managed
Adranos (acquired by Anduril Industries, announced 25 June 2023)
SoftwareLife SciencesHard TechConsumer Products
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Palo Alto, CA
Founded 2008
$208M Fund IV close, February 2025, bringing total firm AUM to approximately $400M
Assets Managed
Enterprise SoftwareFintechConsumerHealth
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Kigali, Rwanda
Founded 2022
$205M (debut fund, closed November 2023)
Assets Managed
No confirmed exit yet - Norrsken22's five investments (TymeBank, Sabi, Smile Identity, Autochek, Shara) all remain private, still-growing companies since the fund only launched in 2022
FintechHealthcareEdtechEnterprise Software
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Philadelphia, PA
Founded 1999
Sprinklr's 2021 NYSE IPO, priced at $16 per share and valuing the customer experience management company at roughly $4 billion
Consumer InternetEnterprise SoftwareMedia TechFintech
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San Francisco, CA
Founded 2004
$200M+ (per fund, not cumulative)
Assets Managed
Uber's 2019 IPO - First Round led the company's first-ever institutional funding round in 2010, a roughly $1.25 million bet that became one of the highest-multiple returns in venture history
Consumer InternetMarketplacesFintechSaaS
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No typical financial exit - as a strategic corporate fund, the Alexa Fund's clearest outcome is Ring, an early portfolio company Amazon itself acquired directly in 2018 rather than a third-party buyer or public listing
AIConsumerEnterprise Software
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Singapore, Singapore
Founded 2014
Not publicly disclosed (Fund III closed at US$200M, reported by DealStreetAsia and e27, April 2023)
Assets Managed
Horangi (acquired by Bitdefender, 2023)
FintechSaaSLogisticsDigital Health
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São Paulo, Brazil
Founded 2016
$175M+ (Fund III alone raised $100M, 2021)
Assets Managed
Méliuz's IPO on Brazil's B3 exchange - Canary counts the cashback and fintech company among its key portfolio successes, alongside continued backing of 99 and Clara
FintechEnterprise SoftwareConsumerClimate
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San Francisco, CA
Founded 2013
$175M+ (latest fund)
Assets Managed
Robinhood's 2021 IPO - Susa's very first investment was a $250,000 seed check into Robinhood in 2013, a bet that grew into a roughly $400 million return, close to a 1,000x multiple
Enterprise SoftwareFintechHealthcare
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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 2009
$160M+ (Fund VI)
Assets Managed
No public portfolio exit yet - Eniac has focused exclusively on seed-stage investing since 2009
TechnologySoftwareRoboticsSaaS
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Los Angeles, CA
Founded 2016
$160M+ (Fund IV)
Assets Managed
SGNL's acquisition by CrowdStrike for $740 million in 2026 - Fika backed the identity security startup as an early investor, alongside earlier exits like Openpath Security to Motorola Solutions
B2B SoftwareFintechMarketplacesAI Services
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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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Menlo Park, CA
Founded 2008
$150M (latest closed fund)
Assets Managed
Lyft's 2019 Nasdaq IPO - Ann Miura-Ko's seed bet in the company then known as Zimride is among the best-known pre-seed checks in venture capital
Consumer InternetSaaSMarketplacesFintech
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€145M (under management, per volta.ventures)
Assets Managed
Segments.ai (acquired by Uber, 2025)
Enterprise SoftwareSaaSAIFintech
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San Diego, CA
Founded 2009
$130M (Fund III, 2023)
Assets Managed
BiotechHealthcareFintechConsumer Products
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Amsterdam, Netherlands
Founded 2000
€130M (Newion IV, oversubscribed initial closing, 2022)
Assets Managed
SwipeGuide (acquired by L2L, 2024)
Enterprise SoftwareSaaSAI
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San Francisco, CA
Founded 2017
$125M+ (across multiple funds)
Assets Managed
No confirmed exit yet - Hustle Fund's portfolio, including HoneyBook, Nova Credit, and Berbix, remains largely private, though early bets on The Pill Club and Webflow highlight the firm's pattern-recognition at the earli…
FintechHealthcareCryptoEnterprise Software
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Amsterdam, Netherlands
Founded 2008
€125M (fund size stated on peak.capital; Peak 5 announced with a €150M target at first close, December 2022)
Assets Managed
United Wardrobe (acquired by Vinted, 2020)
SaaSMarketplacesEnterprise SoftwareConsumer Internet
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San Francisco, CA
Founded 2014
$111M debut institutional fund, announced 2022
Assets Managed
FintechEcommerceHealthConsumer
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Fort Lauderdale, FL
Founded 2021
$110M, 2025 Fund II close ($28.5M Fund I, 2022)
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
Legal TechEnterprise SoftwareSaaS
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Bengaluru, India
Founded -
$106M (Fund I final close, April 2022; Fund II launched 2023 with a $180M target, no final close published)
Assets Managed
AIFintechSaaSDeep Tech
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$100M (Fund III, closed 2022)
Assets Managed
No single defined public exit documented - CRE VC backs African tech companies in fintech, education, and digital infrastructure
FintechEnterprise Software
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Bengaluru, India
Founded 2011
$100M (Fund V, 2025)
Assets Managed
FintechEdtechHealthcareConsumer Internet
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New York, NY
Founded 2014
$100M+ across three investment vehicles
Assets Managed
B2B SoftwareVertical SaaSFintechHealth Tech
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New York, NY
Founded 2015
$100M (MetaProp Ventures III close, 2021)
Assets Managed
Fund I portfolio company Avail, MetaProp's first investment, was acquired by Realtor.com operator Move, Inc. in December 2020.
ProptechConstruction TechEnterprise Software
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Toronto, Canada
Founded 2011
Not publicly disclosed (no AUM figure is published; Golden Ventures V closed at just over $100M USD per the firm's 22 February 2024 announcement, and the FAQ states it is currently investing out of Fund V, a $100M USD fund)
Assets Managed
Wattpad (acquired by Naver)
Sector-AgnosticSoftware
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Buenos Aires, Argentina
Founded 2011
$98M (Fund III, 2023)
Assets Managed
SaaSFintechMarketplacesLogistics
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Nairobi, Kenya
Founded 2019
$78M (across two funds)
Assets Managed
No confirmed exit yet - Enza's portfolio companies have instead attracted strong follow-on validation, including Guidewheel's Greycroft-led Series A and Shara's Index Ventures-led Series A, both companies Enza backed at …
FintechHealthcareClimateEnterprise Software
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$76M (the figure the firm's own homepage carries under the literal label "AUM", checked 2026; an unaudited self-description with no stated measurement date)
Assets Managed
B2B SoftwareSaaSAI
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Nairobi, Kenya
Founded 2017
No confirmed exit yet - KawiSafi's portfolio companies (BBOXX, d.light, Sistema.bio, Angaza, InspiraFarms, Redavia Solar) remain private, still-scaling businesses since the fund itself only launched in 2017
ClimateEnterprise Software
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New York, NY
Founded 2013
Not publicly disclosed (Fund III closed at $70M in 2021; debut fund closed at $33M in 2013)
Assets Managed
VNDLY (acquired by Workday, 2021)
Enterprise SoftwareSaaSMarketplaces
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Dubai, United Arab Emirates
Founded 2015
Not publicly disclosed (Fund I launched at US$70M according to wamdacapital.com; the Evergreen vehicle's size is not published)
Assets Managed
Careem (acquired by Uber, 2019)
FintechEcommerceLogisticsSaaS
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Amsterdam, Netherlands
Founded -
€67.57M (henQ 5 first close, November 2025, against a €90M target)
Assets Managed
Mendix (acquired by Siemens, 2018)
Enterprise SoftwareSaaSMarketplacesLogistics
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Abuja, Nigeria
Founded 2016
$64M+ (Fund II first close, November 2025)
Assets Managed
Paystack's 2020 acquisition by Stripe for approximately $200 million - Ventures Platform was an early institutional investor in the Nigerian payments company, still the largest startup acquisition in Nigerian history at …
FintechHealthcareEnterprise SoftwareAI
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Brooklyn, NY
Founded 2017
$60M (Fund II, 2021)
Assets Managed
FintechEcommerceHealthcareB2B Software
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Berlin, Germany
Founded 2011
Not publicly disclosed (Fund III closed at $60M, 2015; multiple funds since)
Assets Managed
Zendesk, Christoph Janz's very first angel check, went public in 2014 and was later taken private in a $10.2 billion deal led by Hellman & Friedman and Permira in 2022
SaaSMarketplacesAIFintech
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San Francisco, CA
Founded 2012
$55M (Fund VI close, 2025; RSCM publishes no firm-wide AUM figure)
Assets Managed
SoftwareAIMarketplaces
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Santa Monica, CA
Founded 2011
Early investor in Honey Science, the browser-extension startup PayPal acquired in 2020 for about $4B
ConsumerFintechSaaS
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San Francisco, CA
Founded 2014
$40M+ (latest fund)
Assets Managed
No public exit yet - Designer Fund's portfolio includes still-private companies like Stripe and Notion, both valued in the tens of billions, alongside Gusto and Framer
Design-Led Early-Stage SoftwareHealthBusiness Software
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Gurugram, India
Founded 2011
Not publicly disclosed (no AUM figure is published; Titan Capital Winners Fund announced a final close at Rs 333 crore, about $40M, in October 2024)
Assets Managed
Urban Company (exit reported July 2024; Rs 111 crore aggregate proceeds on a Rs 57 lakh investment made in 2015)
Consumer InternetConsumer ProductsSaaSFintech
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$36.5M+ (latest fund)
Assets Managed
No public exit yet - M25 has backed more than 150 Midwest startups since 2015, whose combined follow-on funding exceeds $600 million
Midwest Early-Stage TechSoftwareFintechHealthcare IT
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San Francisco, CA
Founded 2015
Part of GitLab's $1.5M seed round in 2015, held through its 2021 IPO for a reported ~420x return
SaaSConsumer Internet
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Not publicly disclosed (no AUM figure is published; the Form D figures are $16.3M sold on a $50M Fund I offering, $56.4M sold on Fund II, and $31.35M sold on a $60M Fund III as at January 2026 - offering and sold figures, not AUM, and not summed)
Assets Managed
AI/MLSaaSFintechDeep Tech
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Singapore, Singapore
Founded 2015
1,300億円 (approx. JPY 130bn; total AUM across all BEENEXT funds after ALL STAR SAAS FUND THREE, per BRIDGE, Aug 2023)
Assets Managed
FintechSaaSMobilitySustainability
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Paris, France
Founded 2002
EUR 850M (assets under management, French press at the DTS3 final close, March 2026)
Assets Managed
Criteo (IPO, Nasdaq 2013)
Deep TechAIB2B SoftwareDigital Health
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Munich, Germany
Founded 2011
EUR 800M (assets under management, stated on uvcpartners.com)
Assets Managed
Vimcar (acquired by Battery Ventures, 2023)
Deep TechB2B SoftwareClimate TechnologyMobility
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Paris, France
Founded 2015
EUR 700M (under management, stated on breega.com)
Assets Managed
FintechSaaSClimate TechnologyDeep Tech
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Bengaluru, India
Founded 2015
₹4,400 crore (2026)
Assets Managed
SaaSFintechConsumer InternetDigital Health
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San Jose, CA
Founded 1994
Not publicly disclosed (corporate fund, backed directly by Adobe's balance sheet)
Assets Managed
No single defined public exit documented - Adobe Ventures backs startups aligned with Adobe's creative, marketing, and AI strategy
AIEnterprise Software
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San Francisco, CA
Founded 2016
Not publicly disclosed
Assets Managed
No public exit documented - South Park Commons backs founders at the idea stage, before a company typically exists
Enterprise SoftwareConsumer Internet
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San Francisco, CA
Founded 2014
Not publicly disclosed
Assets Managed
No public exit documented - Contrary backs university-founded startups sourced through its network of campus chapters
Enterprise SoftwareConsumer Internet
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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 2016
Not disclosed (50+ portfolio companies)
Assets Managed
Joby Aviation's August 2021 public listing - JetBlue Technology Ventures (now SKY VC) was an early backer of the electric air taxi company, and its former president Bonny Simi left the fund to join Joby directly as Head …
MobilityClimateEnterprise Software
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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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Lagos, Nigeria
Founded 2011
Not publicly disclosed
Assets Managed
No single dollar-verified signature exit - EchoVC instead measures itself by geographic reach, having expanded from its original African focus into Southeast Asia and Latin America, and by its EchoVC+ growth-stage partne…
FintechHealthcareMobilityEnterprise Software
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Lagos, Nigeria
Founded 2021
Not publicly disclosed (53 startups backed via Fund I, 2022)
Assets Managed
No confirmed fund-level exit yet - Voltron itself launched in 2021, though co-founder Olumide Soyombo's prior personal angel investment in Paystack (acquired by Stripe in 2020) lends the firm real pre-existing credibilit…
FintechHealthcareEnterprise Software
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Not publicly disclosed
Assets Managed
No single dollar-verified signature exit - VentureSouq's scale is cumulative instead: more than 300 investments, nine unicorns, one IPO, and 26 acquisitions across its portfolio, including Substack, Tabby, and Zoomcar
FintechClimateEnterprise Software
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San Francisco, CA
Founded 2005
Not disclosed as traditional AUM ($500K standard check per company; YC Continuity growth fund)
Assets Managed
Coinbase's 2021 Nasdaq direct listing at an $85 billion valuation - the most valuable company in YC history at time of listing
AISaaSConsumer InternetFintech
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Landshut, Germany
Founded 1995
Not publicly disclosed
Assets Managed
Deep TechHealthcareClimateEnterprise Software
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San Francisco, CA
Founded 2013
Not publicly disclosed
Assets Managed
Developer ToolsCloud InfrastructureEnterprise Software
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Mumbai, India
Founded 2013
Not publicly disclosed
Assets Managed
Enterprise SoftwareFintechConsumerSaaS
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New York, NY
Founded 2016
Not publicly disclosed
Assets Managed
Artificial IntelligenceFintechBiotechDefense Tech
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San Francisco, California
Founded 1997
Not publicly disclosed (AltAssets reported an $865m growth fund closed September 2024)
Assets Managed
Farfetch (IPO, 2018)
Enterprise SoftwareApplied AIConsumerFintech
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Not publicly disclosed
Assets Managed
Xactly (acquired by Vista Equity Partners, 2017)
B2B SoftwareEnterprise SoftwareSaaSData & Analytics
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San Francisco, CA
Founded 2015
Seed investment PlanGrid was acquired by Autodesk for $875 million in 2018, with fellow portfolio company BuildingConnected acquired by Autodesk for $275 million weeks later.
Construction TechProptechB2B SoftwareHardware
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Not publicly disclosed (no AUM or funds-under-management figure is published; the firm states the funds have invested over £280m across 230+ companies, which is cumulative capital invested)
Assets Managed
ContentCal (exited to Adobe, per Fuel Ventures' own homepage; the firm states no year)
SaaSFintechMarketplacesTechnology
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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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Stamford, United Kingdom
Founded 2013
Not publicly disclosed (no AUM figure is published; the firm's investors page states "Raised to date: £155m" and its 2025 review states £103m raised lifetime with £24.5m deployed during 2025 - capital raised, not AUM)
Assets Managed
Native Teams (exit; Haatch's largest fund exit at a 7.4x multiple, per Haatch's own 2025 review)
B2B SoftwareEnterprise SoftwareFintechVertical SaaS
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Not publicly disclosed (no source calls any Latitud figure AUM; Fund I invested USD 13M across 100+ early-stage startups and Fund II targets USD 25M with a USD 12M first close announced September 2023)
Assets Managed
FintechVertical SaaSHealthtechMarketplaces
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St. Louis, MO
Founded 2012
Label Insight (acquired by NielsenIQ, 2021)
Life SciencesHealth TechSoftwareTechnology
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Tokyo, Japan
Founded 2006
Not publicly disclosed (no AUM figure is published; the firm's own page lists three managed funds totalling 160億円 of committed fund size - 50億円, 60億円 and 50億円 - which is fund size, not AUM)
Assets Managed
note (Piece of Cake, Inc.) - IPO. Listed under the IPO heading on CyberAgent Capital's own profile page for Yuya Takegawa; no date is given there.
AIB2BEcommerceMedia
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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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New York, NY
Founded 2005
Datadog (IPO)
Financial TechnologyEnterprise SoftwareSaaSVertical SaaS
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Shanghai, China
Founded -
MiniMax (Hong Kong Stock Exchange listing, January 2026)
Deep TechAIPhysical AIEnterprise Software
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Munich, Germany (Seitzstr. 14, 80538 München, per the legal notice)
Founded -
B2B SoftwareEnterprise SoftwareAIData
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Shopify (named on Georgian's own profile of Justin LaFayette as one of the Growth Fund exits he was involved in; the firm gives no date)
AIEnterprise SoftwareGrowth Equity
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