Illuminate Ventures

Illuminate Ventures is an early-stage venture firm focused on B2B and enterprise cloud and mobile computing, including SaaS applications, data-driven products and business platforms. The firm was founded in 2009 by Cindy Padnos and describes itself as based in the San Francisco Bay Area. It backs capital-efficient North American companies and supports them through an advisory council the firm describes as more than 40 entrepreneurs and executives. Illuminate is widely associated with backing diverse founding teams.

Not publicly disclosed AUM 66/100 Power Score™ 2009 Founded
B2B Software Enterprise Software SaaS Data & Analytics
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Signature Exit

Xactly (acquired by Vista Equity Partners, 2017)

Key Partners & Leadership

Founder and Managing Partner
Partner

Firm Timeline

2009
Cindy Padnos founds Illuminate Ventures after serving as a director at Outlook Ventures
2010
Stanford GSB publishes a case study on Illuminate Ventures raising its first fund, with a $35M target
2017
Portfolio company Xactly acquired by Vista Equity Partners