About Vulcan Capital
Vulcan Capital is a family office founded in 1986. It is primarily based out of Seattle, United States. As of Sep 2026, Vulcan Capital has invested in 188 companies. It primarily invests in Series A round in United States based companies. Its investments are spread across a wide range of sectors from Enterprise Applications, Consumer. Its latest investment was a $8M Seed round in watchTowr on Jul 05, 2022, which also saw participation from Wavemaker Partners and Saket Agarwal.
Overall, Vulcan Capital portfolio has seen 5 unicorns, 40 IPOs and 71 acquisitions including key companies like Uber, Flipkart and Facebook. A lot of funds co-invest with Vulcan Capital, with names like Madrona sharing a substantial percentage of its portfolio.
Vulcan Capital has a team of 5 people including 1 partner.
Key Metrics
Founded Year
1986
Location
Seattle, United States
Sectors of Investment
Stages of Investment
Series A, Series B & 9 more
Locations of Investment
Vulcan Capital's List of Top Investments
Vulcan Capital has a portfolio of 188 companies, including 5 unicorns. Their most notable investments are in Voodle and Qapita.Their portfolio spans across United States, Singapore, India and 11 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 35 other sectors, across stages such as Series A, Series B and 9 more. Here is the list of top investments by Vulcan Capital:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 167,166 as on Aug 31, 2026
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public

2. Flipkart
Online retailer of various products including electronics, fashion, and groceries. The business provides an array of items such as mobile devices, laptops, televisions, and home appliances. Customers can also find clothing, footwear, beauty products, and home furnishings. Additionally, the retailer offers grocery items, baby care products, and sports equipment.
Key facts about Flipkart
- Founded Year: 2007
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $12.1B
- Employee Count: 18,938 as on May 31, 2026
- Investors: Helion Venture Partners, SeedFord Partners and 126 Others
- Latest Funding Round: Series J, May 25, 2024, $*****
- Highlight: Acquired

3. Facebook
Operator of a social networking service facilitating connection and communication. Its services allows users to connect with friends, family, and other individuals. It provides tools for sharing updates, photos, and videos. The platform also offers features for creating and joining groups, following interests, and discovering content.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 27,690 as on Jul 31, 2026
- Investors: Sprout Capital Partners, Meritech and 120 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
4. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 57,733 as on Jul 31, 2026
- Investors: Glean Management, Toyota and 107 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public
5. Okta
Provider of identity management solutions for workforces, customers, and AI. The company delivers platforms securing various identities within an identity security fabric. It offers solutions by identity type and industry. The company provides resources, support, and developer tools.
Key facts about Okta
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $228M
- Employee Count: 7,868 as on Jul 31, 2026
- Investors: Glynn Capital, Scheuermann Investment and 13 Others
- Latest Funding Round: Post IPO, Feb 21, 2018, $*****
- Highlight: Public
Vulcan Capital's Year-on-Year Investment Trends
Vulcan Capital has invested in 190 companies over the last 30 years, with an average of 6 new investments annually in the last 10 years. Its most recent first time investment was in AMILI and most recent follow-on round was in watchTowr.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 4 | 4 | 8 |
2021 | 13 | 3 | 16 |
2020 | 12 | 1 | 13 |
2019 | 8 | 7 | 15 |
2018 | 13 | 5 | 18 |
2017 | 7 | 8 | 15 |
Vulcan Capital's Investments by Stage
Vulcan Capital has made 39 investments in Series A stage with an average round size of $11.1M, 28 investments in Series B stage with an average round size of $57.3M and 27 investments in Seed stage with an average round size of $3.01M.Stage of entry | No. of Investments |
|---|---|
Series A | 39 |
Series B | 28 |
Seed | 27 |
Series C | 22 |
Series D | 5 |
Others | 13 |
Note: We have considered here, only first round of investments
Vulcan Capital's Investments by Sector
Vulcan Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Retail. Notably, it has invested in 142 Tech companies, 122 Enterprise (B2B) companies, 66 Software companies and at least 63 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 48 |
Consumer | 27 |
High Tech | 25 |
FinTech | 16 |
Retail | 14 |
Others | 139 |
Note: We have considered here, only first round of investments
Vulcan Capital's Investments by Geography
Vulcan Capital has made most investments in United States (109), followed by Singapore where it has made 9 investments.Country | No. of Investments |
|---|---|
United States | 109 |
Singapore | 9 |
India | 5 |
Brazil | 3 |
Germany | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
Vulcan Capital's recent investments
Vulcan Capital has not made any investment in 2026 so far.Here are the most recent investments by Vulcan Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 05, 2022 | Singapore | Seed | 7059 | [+5] | |
Jun 15, 2022 | Singapore | Series A | 5320 | [+7] | |
Jun 10, 2022 | United States | Series C | 7998 | [+5] | |
Apr 27, 2022 | Singapore | Series B | 2202 | [+2] | |
Apr 13, 2022 | United States | Series A | 6584 | [+12] |
Unicorns in Vulcan Capital's Portfolio
Vulcan Capital has 5 unicorns in its portfolio - Neon, Loft, Zipline and others. The most recent unicorn in their portfolio is Neon. It became a unicorn in 2022, 1 years after Vulcan Capital first invested in it.Here is a list of unicorns in Vulcan Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Provider of an online bank for consumers | 2016 | Sao Paulo | Series E | eubltup | ||
64 | Online reseller of residential properties | 2018 | Sao Paulo | Series E | focfqop | ||
65 | Operator of drone delivery and logistics | 2011 | San Francisco | Series H | {tjuiuv | ||
76 | Provider of a customer service and support platform offering AI-powered solutions for managing customer interactions | 2011 | San Francisco | Series D | jkyfars | ||
65 | Developer of FRC nuclear fusion reactors | 1998 | Lake Forest | Series G | ryglan{ |
IPOs and Publicly Listed companies in Vulcan Capital's Portfolio
40 of Vulcan Capital's portfolio companies have become public. Grab got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2021 at marketcap of $40B and Remitly got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $6.94B.Here are Vulcan Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 01, 2021 | Aug 02, 2018 | Series H | 6634 | |
Sep 23, 2021 | Apr 12, 2016 | Series C | 5355 | |
Oct 02, 2020 | - | - | 1845 | |
Jun 04, 2020 | Jul 01, 2004 | Series A | 7143 | |
Sep 19, 2019 | - | - | 2055 |
Acquired companies in Vulcan Capital's Portfolio
71 companies from Vulcan Capital's portfolio have been acquired. The most recent acquisition was Peachd in Oct 2025 by Fooda for $*****.Here are Vulcan Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 17, 2025 | Jun 19, 2014 | Seed | 5372 | |
Oct 14, 2025 | Dec 12, 2013 | Series E | 6616 | |
Aug 05, 2025 | - | - | 4052 | |
Jul 09, 2025 | Mar 02, 2022 | Series B | 4770 | |
May 28, 2025 | - | - | 5851 |
Team profile of Vulcan Capital
Vulcan Capital has a team of 5 members located in United States. Vulcan Capital's team does not sit on the board of any company as of now.Co-investors of Vulcan Capital
Over the past 30 years, 1114 investors have co-invested in Vulcan Capital's portfolio companies. This includes funds and angels.
- Invested before Vulcan Capital: Madrona, Techstars and 306 others have invested in rounds before Vulcan Capital. There are 7 companies where Madrona has invested before Vulcan Capital and 5 companies where Techstars has invested before Vulcan Capital.
- Top Co-investors of Vulcan Capital: 364 investors entered a company along with Vulcan Capital. These include investors like Madrona (9 companies).
- Invested after Vulcan Capital: A total of 442 investors have invested in Vulcan Capital's portfolio after their investments. Top Investors include Cercano Management (10 companies) and Vulcan (9 companies).
Recent News related to Vulcan Capital
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Vulcan Capital leads $10.5m round of Singapore biotech startupTech in Asia•Jun 15, 2022•AMILI, Pruksa Holding, Emtek, TVM Capital Healthcare and 9 others
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Singapore-based Privyr raises USD 6 Million from MassMutual Ventures, othersEnablers•Jun 01, 2022•Privyr, MassMutual Ventures, Wavemaker Partners, Vulcan and 1 other
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Vulcan leads $65m Series B for Singapore's BandlabAsian Venture Capital Journal•Apr 28, 2022•BandLab, K3, Caldecott Music Group, Prosus and 2 others
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Recurrent adds $4.5M in funding, plus retail & wholesale partnersAuto Remarketing•Apr 20, 2022•Recurrent Auto, Automotive Ventures, Goodyear Ventures, Hearst and 13 others
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Edtech startup Cialfo raises US$40m in Series B roundThe Business Times•Jan 27, 2022•Cialfo, Square Peg Capital, Seek Ventures, Sig-Global and 7 others
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Bandlab valued at $303m as it raises $53mMBW•Dec 16, 2021•BandLab, K3, Caldecott Music Group, Vulcan Capital and 1 other
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Verge Genomics Secures $98 Million in New FinancingBusiness Wire•Dec 16, 2021•Verge Genomics, BlackRock, Lilly, Merck Global Health Innovation Fund and 11 others
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Citi Invests In ESOP And Cap Table Management Startup QapitaInc42•Nov 30, 2021•Citi, Qapita, East Ventures, Vulcan and 4 others