About Willoughby Capital
Willoughby Capital is a family office founded in 2009. It is primarily based out of New York City, United States. As of Aug 2026, Willoughby Capital has invested in 18 companies. It primarily invests in Series C round in United States based companies. Its investments are spread across a wide range of sectors from Enterprise Applications, Retail. Its latest investment was a $36M Series A round in Kernel Foods on Aug 10, 2023, which also saw participation from Raga Partners and Rethinkfood.
Overall, Willoughby Capital portfolio has seen 7 unicorns, 2 IPOs and 3 acquisitions including key companies like Flipkart, Sword Health and Bitwise. A lot of funds co-invest with Willoughby Capital, with names like Sapphire Ventures sharing a substantial percentage of its portfolio.
Willoughby Capital has a team of 11 people including 3 partners.
Key Metrics
Founded Year
2009
Location
New York City, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Series C, Series D & 5 more
Locations of Investment
Unicorn in Portfolio
Willoughby Capital's List of Top Investments
Willoughby Capital has a portfolio of 18 companies, including 7 unicorns. Their most notable investments are in Bolt and TR Lab.Their portfolio spans across United States, United Kingdom, Canada and 3 more locations. They have invested in Enterprise Applications, Retail, Consumer and 12 other sectors, across stages such as Series C, Series D and 5 more. Here is the list of top investments by Willoughby Capital:
1. 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: 19,428 as on Apr 30, 2026
- Investors: T. Rowe Price, Helion Venture Partners and 126 Others
- Latest Funding Round: Series J, May 25, 2024, $*****
- Highlight: Acquired

2. Sword Health
Provider of AI-powered digital physical therapy and pelvic health solutions. It offers an expert AI Care for pain through digital physical therapy that pairs AI and licensed clinicians. It uses artificial intelligence and licensed clinicians to deliver virtual care for musculoskeletal conditions, pelvic health, mental health, and cardiometabolic health. It focuses on reducing healthcare costs by preventing surgeries, reducing pain, and improving recovery outcomes through virtual care.
Key facts about Sword Health
- Founded Year: 2015
- Location: New York (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $450M
- Employee Count: 1,189 as on May 31, 2026
- Investors: Sapphire Ventures, Bond Capital and 37 Others
- Latest Funding Round: Series E, Jun 17, 2025, $*****
- Highlight: Editors' Pick

3. Bitwise
Provider of crypto index funds, ETFs, and managed accounts. It offers professionally managed funds focused on the crypto asset class. The firm provides various investment products, including ETFs, publicly traded trusts, SMAs, and private funds, offering exposure to multiple crypto assets, equities, hedge funds, and NFT collections. The company focuses on providing investors access to the crypto space through its investment solutions.
Key facts about Bitwise
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $91.2M
- Employee Count: 148 as on Jun 30, 2026
- Investors: Third Point, Inflection Ventures and 41 Others
- Latest Funding Round: Post IPO, Feb 25, 2025, $*****
- Highlight: Public
4. Scalapay
Provider of payment solutions for e-commerce businesses. It provides users with a lending platform which provide point-of sale installment financing as well as pay later facility. It allows users to avail the facility by choosing checkout. It provides fraud prevention and data protection systems for customers to maintain secure transactions.
Key facts about Scalapay
- Founded Year: 2019
- Location: Milan (Italy)
- Annual Revenue: €10M - €50M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $456M
- Employee Count: 254 as on Jun 30, 2026
- Investors: Tiger Global Management, Willoughby Capital and 12 Others
- Latest Funding Round: Conventional Debt, Dec 11, 2025, $*****
- Highlight: Editors' Pick

5. Cazoo
Online dealer of second-hand cars. Their platform enables buyers to search for cars and view their specifications, photos, service history, price, and more. Buyers can purchase the car via the platform, as well as, have the cars delivered to their location. Their platform also provides car financing and servicing.
Key facts about Cazoo
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $563M
- Employee Count: 872 as on Jun 30, 2026
- Investors: equitywestsecurities.com, Fidelity Investments and 37 Others
- Latest Funding Round: Post IPO, Feb 10, 2022, $*****
- Highlight: Public
Willoughby Capital's Year-on-Year Investment Trends
Willoughby Capital has invested in 18 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Kernel Foods and most recent follow-on round was in Tegus.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 3 | 1 | 4 |
2021 | 14 | 0 | 14 |
Willoughby Capital's Investments by Stage
Willoughby Capital is primarily an Late Stage Investor investor majorly investing in Series C (5) rounds where average round size is $680M, Series D (5) rounds where average round size is $1.49B and Series B (3) rounds where average round size is $376M.Stage of entry | No. of Investments |
|---|---|
Series C | 5 |
Series D | 5 |
Series B | 3 |
Series A | 2 |
Post IPO | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Willoughby Capital's Investments by Sector
Willoughby Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Retail, Consumer, FinTech and Vertical SaaS. Notably, it has invested in 17 Tech companies, 12 Enterprise (B2B) companies, 10 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
Retail | 7 |
Consumer | 6 |
FinTech | 5 |
Vertical SaaS | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
Willoughby Capital's Investments by Geography
Willoughby Capital has made most investments in United States (12), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 12 |
United Kingdom | 2 |
Canada | 1 |
China | 1 |
India | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Willoughby Capital's recent investments
Willoughby Capital has not made any investment in 2026 so far.Here are the most recent investments by Willoughby Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 10, 2023 | United States | Series A | 4857 | [+2] | |
Sep 30, 2022 | United States | Series B | 3019 | [+2] | |
Feb 23, 2022 | Italy | Series B | 9614 | [+5] | |
Feb 10, 2022 | United Kingdom | Post IPO | 3926 | ||
Jan 26, 2022 | China | Seed | 1781 | [+16] |
Unicorns in Willoughby Capital's Portfolio
Willoughby Capital has 7 unicorns in its portfolio - Figment, Sword Health, dutchie and others. The most recent unicorn in their portfolio is Figment. It became a unicorn in 2021.Here is a list of unicorns in Willoughby Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Online platform for the staking solution | 2018 | Toronto | Series C | {qkmvfe | ||
74 | Provider of AI-powered digital physical therapy and pelvic health solutions | 2015 | New York | Series E | yrosjyj | ||
60 | Online marketplace for cannabis products | 2017 | Bend | Series D | eaipoqu | ||
73 | Provider of payment solutions for e-commerce businesses | 2019 | Milan | Series B | hmhmgsz | ||
48 | Provider of cloud-based platform for pet insurance | 2012 | London | Series D | kqseivd |
IPOs and Publicly Listed companies in Willoughby Capital's Portfolio
2 of Willoughby Capital's portfolio companies have become public. Bitwise got listed on the American Stock Exchange (NYSEAMERICAN), in Jan 2024 and Cazoo got listed on the New York Stock Exchange (NYSE) at marketcap of undefined.Here are Willoughby Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 11, 2024 | Jun 15, 2021 | Series B | 5684 | |
Dec 18, 2020 | Feb 10, 2022 | Post IPO | 9912 |
Acquired companies in Willoughby Capital's Portfolio
3 companies from Willoughby Capital's portfolio have been acquired. The most recent acquisition was Paradox Technologies in Aug 2025 by Workday for $*****.Here are Willoughby Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 21, 2025 | Dec 27, 2021 | Series C | 4782 | |
Jun 11, 2024 | Nov 24, 2021 | Series B | 2346 | |
May 03, 2018 | Jul 06, 2021 | Series J | 9234 |
Team profile of Willoughby Capital
Willoughby Capital has a team of 11 members including 3 Partners and 6 Principals located in United States. Willoughby Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Willoughby Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Greenwich | - | ||
Partner | New York City | - | ||
Partner | United States | - | ||
Principal | New York City | - | ||
Principal | New York City | - | ||
Principal | New York City | - | ||
Principal | New York City | - | ||
Principal | Greenwich | - | ||
Principal | New York City | - |
Co-investors of Willoughby Capital
Over the past 5 years, 407 investors have co-invested in Willoughby Capital's portfolio companies. This includes funds and angels.
- Invested before Willoughby Capital: Tiger Global Management, General Catalyst and 228 others have invested in rounds before Willoughby Capital. There are 3 companies where Tiger Global Management has invested before Willoughby Capital and 3 companies where General Catalyst has invested before Willoughby Capital.
- Top Co-investors of Willoughby Capital: 130 investors entered a company along with Willoughby Capital. These include investors like Sapphire Ventures (2 companies).
- Invested after Willoughby Capital: A total of 47 investors have invested in Willoughby Capital's portfolio after their investments. Top Investors include Google (1 company) and Comcast Ventures (1 company).
Recent News related to Willoughby Capital
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Walmart to raise $3bn for FlipkartLivemint•Oct 26, 2022•Walmart, Flipkart, SoftBank Vision Fund, CPP Investments and 10 others
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Italy’s BNPL Unicorn Scalapay Secures $27M From Poste ItalianePYMNTS.com•May 03, 2022•Scalapay, Poste Italiane, Tencent, Willoughby Capital and 1 other
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Klarna-rival Scalapay is Italy’s first unicorn; raises $497M from Tencent, Tiger Global, othersSilicon Canals•Feb 24, 2022•Scalapay, Tencent, Tiger Global Management, Willoughby Capital and 6 others
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Scalapay inks $497m Series B in beleaguered BNPL marketVerdict•Feb 23, 2022•Scalapay, Goldman Sachs, Fasanara, Moore Capital Management and 4 others
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Freshfields-Led Car Retailer Cazoo Lands $630M In FundingLaw360•Feb 10, 2022•Cazoo, Viking Global Investors, Mubadala, Cazoo and 1 other
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Cazoo raises $630m to support UK, EU expansionSharecast•Feb 10, 2022•Cazoo, Viking Global Investors, Mubadala, D1 Capital Partners and 2 others
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TRLab closes new funding round of US$4.2 million led by BAI CapitalBAI Capital•Jan 07, 2022•BAI Capital, TR Lab, BAI Capital, Animoca Brands and 6 others
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Paradox Team Discusses Its $200M Series C Round and $1.5 Billion ValuationWorkTech•Dec 27, 2021•Paradox Technologies, Stripes, Sapphire Ventures, Thoma Bravo and 16 others
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Esports Company 100 Thieves Raises $60 Million Series C FundingForbes•Dec 02, 2021•100 Thieves, Green Bay Ventures, Breyer Capital, Aglae Ventures and 3 others
