About TSG
TSG, an accelerator and incubator program founded in 2017, is based in Los Angeles, United States. With a presence in 2 countries, it has supported around 27 startups in sectors like Enterprise Applications, Enterprise Infrastructure. As of Jul 2026, TSG has 9 unicorns under its belt and has witnessed 13 portfolio exits. Most notable companies in
its portfolio include CrowdStrike, Harness and Nutanix. The program is backed by a team of 8 people who primarily support Series C startups based in United States. Its latest investment was a Undisclosed Series C round in Veza on Sep 13, 2023.
Key Metrics
Founded Year
2017
Location
Los Angeles, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A, Series B & 1 more
Locations of Investment
TSG's List of Top Investments
TSG has a portfolio of 27 companies, including 9 unicorns. Their most notable investments are in Veza and Valtix.Their portfolio spans across United States and Israel. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 3 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by TSG:1. CrowdStrike
Provider of cloud-delivered solutions for endpoint and workload protection. The company offers protection against threats, using antivirus, device control, and firewall management. It provides endpoint detection and response, threat intelligence, and identity protection. The company delivers solutions for businesses with installation and operational concerns.
Key facts about CrowdStrike
- Founded Year: 2011
- Location: Sunnyvale (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $430M
- Employee Count: 11,343 as on May 31, 2026
- Investors: ADS Ventures, Accel and 20 Others
- Latest Funding Round: Post IPO, Oct 13, 2020, $*****
- Highlight: Public
2. Harness
Provider of platform for software delivery, security, testing, and cost optimization. The platform offers continuous integration, continuous delivery, feature flags, and cloud cost management. It also provides service reliability management, security testing orchestration, and chaos engineering. The platform includes software engineering insights, continuous error tracking, and infrastructure as code management.
Key facts about Harness
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $614M
- Employee Count: 1,722 as on May 31, 2026
- Investors: Cisco Investments, Hercules Capital and 30 Others
- Latest Funding Round: Series E, Dec 11, 2025, $*****
- Highlight: Editors' Pick
3. Nutanix
AI powered cloud management software for enterprises. It provides visibility into private and public cloud spending. The platform generates cloud consumption reports that allow users to allocate untagged spending and set budget alerts. Features include disaster recovery, file storage, network security, and more.
Key facts about Nutanix
- Founded Year: 2009
- Location: San Jose (United States)
- Annual Revenue: $1B+ as on Jul 31, 2025
- Stage: Public
- Total Funding till date: $317M
- Employee Count: 9,868 as on May 31, 2026
- Investors: SeedFord Partners, Syren Capital Advisors and 31 Others
- Latest Funding Round: Post IPO, Aug 27, 2020, $*****
- Highlight: Public
Provider of supply chain detection and response and risk management. The platform offers vendor detection, questionnaires, and external attack surface management. It provides cyber risk quantification, threat intelligence, and vulnerability intelligence. The business offers services such as digital forensics, incident response, and penetration testing. It helps manage and mitigate risks across the digital ecosystem. The platform facilitates vendor collaboration and enables workflows.
Key facts about SecurityScorecard
- Founded Year: 2013
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $292M
- Employee Count: 624 as on May 31, 2026
- Investors: Silver Lake, T. Rowe Price and 25 Others
- Latest Funding Round: Series E, Mar 18, 2021, $*****
- Highlight: Editors' Pick
5. BigPanda
Cloud based IT infrastructure monitoring software. It provides a platform that uses data analytics to help IT teams automate incident management. It aggregates data generated from different monitoring services such as configuration management tools, log management services, and application monitoring services, and utilizes algorithms to analyze the information and determine which issues require attention. It helps to correlate and understand information from various sources and aids in identifying and resolving the root cause of problems.
Key facts about BigPanda
- Founded Year: 2012
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $340M
- Employee Count: 333 as on May 31, 2026
- Investors: Glynn Capital, Akkadian Ventures and 14 Others
- Latest Funding Round: Series E, Aug 17, 2022, $*****
- Highlight: Editors' Pick
TSG's Year-on-Year Investment Trends
TSG has invested in 27 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Veza and most recent follow-on round was in Grip.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 3 | 1 | 4 |
2022 | 1 | 0 | 1 |
2021 | 2 | 1 | 3 |
TSG's Investments by Stage
TSG has made 2 investments in Series A stage with an average round size of $12.5M, 2 investments in Series B stage with an average round size of $39M and 2 investments in Series C stage.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Series B | 2 |
Series C | 2 |
Note: We have considered here, only first round of investments
TSG's Investments by Sector
TSG has a diverse portfolio, with companies operating in the Enterprise Applications and Enterprise Infrastructure. Notably, it has invested in 27 Enterprise (B2B) companies, 27 Tech companies, 26 Software companies and at least 21 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Enterprise Infrastructure | 6 |
Note: We have considered here, only first round of investments
TSG's Investments by Geography
TSG has made most investments in United States (5), followed by Israel where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Israel | 1 |
Note: We have considered here, only first round of investments
TSG's recent investments
TSG has not made any investment in 2026 so far.Here are the most recent investments by TSG:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 13, 2023 | United States | Series C | 6612 | - | |
Aug 22, 2023 | Israel | Series B | 8765 | [+2] | |
Aug 09, 2023 | United States | Series B | 9755 | [+3] | |
Mar 13, 2023 | Israel | Series A | 3893 | - | |
Dec 14, 2022 | United States | Series C | 4046 | - |
Unicorns in TSG's Portfolio
TSG has 9 unicorns in its portfolio - Abnormal, BigPanda, Drata and others. The most recent unicorn in their portfolio is Abnormal. It became a unicorn in 2022, 4 years before TSG first invested in it.Here is a list of unicorns in TSG's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Detects threats across email and cloud using behavior-based AI | 2018 | Las Vegas | Series D | vgm{ejz | ||
72 | Cloud based IT infrastructure monitoring software | 2012 | Redwood City | Series E | wfjzige | ||
71 | Risk assessment and management solutions for enterprises | 2020 | San Diego | Series C | lmbrwtg | ||
73 | Provider of supply chain detection and response and risk management | 2013 | New York City | Series E | huddwot | ||
79 | Provider of platform for software delivery, security, testing, and cost optimization | 2017 | San Francisco | Series E | jktaido |
IPOs and Publicly Listed companies in TSG's Portfolio
2 of TSG's portfolio companies have become public. CrowdStrike got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2019 at marketcap of $6.69B and Nutanix got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $238M.Here are TSG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2019 | - | - | 3724 | |
Sep 30, 2016 | - | - | 4957 |
Acquired companies in TSG's Portfolio
11 companies from TSG's portfolio have been acquired. The most recent acquisition was Symmetry Systems in May 2026 by Zscaler for $*****.Here are TSG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 21, 2026 | Aug 09, 2023 | Series B | 9235 | |
Dec 02, 2025 | Sep 13, 2023 | Series C | 6482 | |
May 07, 2024 | Jun 30, 2021 | Series B | 5811 | |
Feb 14, 2024 | - | - | 9970 | |
Mar 09, 2023 | Jan 21, 2021 | Series A | 6322 |
Team profile of TSG
TSG has a team of 8 members including 2 Partners located in United States. TSG's team does not sit on the board of any company as of now.Co-investors of TSG
Over the past 5 years, 62 investors have co-invested in TSG's portfolio companies. This includes funds and angels.
- Invested before TSG: ServiceNow, Sameer Sait and 47 others have invested in rounds before TSG. There are 2 companies where ServiceNow has invested before TSG and 2 companies where Sameer Sait has invested before TSG.
- Top Co-investors of TSG: 6 investors entered a company along with TSG. These include investors like W11 Capital (1 company).
- Invested after TSG: A total of 7 investors have invested in TSG's portfolio after their investments. Top Investors include New Enterprise Associates (1 company) and Atlassian (1 company).
Recent News related to TSG
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Grip Security Raising $41 Million Series B Led by Third Point VenturesIntel Capital•Aug 22, 2023•Grip, Intel Capital, TSG, YL Ventures and 1 other
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Symmetry Systems Raises $17.7M in FundingFinSMEs•Aug 09, 2023•Symmetry Systems, ForgePoint Capital, Prefix Capital, W11 Capital and 2 others
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Pioneering Hindustan Autonomous Solar Project and Envisioning a 2GW Clean Energy LandscapeBusinessFortNight•Aug 05, 2023•TSG
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Grip Security & The Syndicate Group (TSG) Announce Strategic InvestmentGlobalsecuritymag•Mar 14, 2023•TSG, Grip
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Noname Security Reels In $135 Million Series Csvdaily.com•Dec 17, 2021•Noname Security, Lightspeed Venture Partners, Georgian, Insight Partners and 7 others
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Israeli Startup Noname Security Raises $60 Million For API VulnerabilitiesCAESARS INTERACTIVE ENTERTAINMENT (UK) LIMITED•Jul 01, 2021•Noname Security, Insight Partners, Next47, ForgePoint Capital and 8 others
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Valtix Secures $12.5 Millionsvdaily.com•Jan 26, 2021•Valtix, Cisco Investments, Northgate Capital, TSG and 3 others
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Valtix raises $12.5 million as cloud native security becomes more urgentVentureBeat•Jan 21, 2021•Valtix, Cisco Investments, Northgate Capital, TSG and 3 others