About Adventure Fund
Adventure Fund is a venture capital firm founded in 2010. It is primarily based out of Los Gatos, United States. As of Nov 2023, Adventure Fund has invested in 25 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and FinTech. Most recently it participated in the $***** Seed round of Acctual Overall, Adventure Fund portfolio has seen 2 unicorns, 6 IPOs and 5 acquisitions including key companies like Uber, Coinbase and Roblox. A lot of funds co-invest with Adventure Fund, with names like Spice Capital sharing a substantial percentage of its portfolio. Adventure Fund has team of 19 people including 14 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Adventure Fund's List of Top Investments
Adventure Fund has a portfolio of 25 companies, including 2 unicorns. Their most notable investments are in Junction and Acctual.Their portfolio spans across United States and India. They have invested in Consumer, Enterprise Applications, FinTech and 13 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Adventure Fund:
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: 167,388 as on Sep 30, 2026
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 149 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
3. Roblox
Online gaming platform for developing web and mobile games. The platform enables its users to create its own games through simple drag and drop mechanisms. It has developed Roblox an action game. It generates revenue through virtual purchases in-game by the use of a virtual currency Robux. The platform follows a revenue share model for game developers.
Key facts about Roblox
- Founded Year: 2004
- Location: San Mateo (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $918M
- Employee Count: 8,878 as on Sep 30, 2026
- Investors: Meritech, ADS Ventures and 22 Others
- Latest Funding Round: Series H, Jan 06, 2021, $*****
- Highlight: Public
4. Stripe
Provider of financial infrastructure solutions for revenue growth and payment processing. It offers tools designed for individual or combined use to grow businesses. These tools enable payment acceptance and optimisation globally, both online and in person. The company facilitates various billing models and provides access to borderless money movement. It also offers resources for startups and platforms to build and scale their operations.
Key facts about Stripe
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $9.81B
- Employee Count: 16,622 as on Sep 30, 2026
- Investors: Glynn Capital, Silver Lake and 135 Others
- Latest Funding Round: Series I, Apr 08, 2024, $*****
- Highlight: Editors' Pick
5. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 5,728 as on Sep 30, 2026
- Investors: Meritech, Silver Lake and 140 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
Adventure Fund's Year-on-Year Investment Trends
Adventure Fund has invested in 25 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 Acctual.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 2 | 0 | 2 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
Adventure Fund's Investments by Stage
Adventure Fund has made 3 investments in Seed stage with an average round size of $3.12M and 1 investment in Series A stage with an average round size of $7.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 1 |
Note: We have considered here, only first round of investments
Adventure Fund's Investments by Sector
Adventure Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Media & Entertainment, FinTech, HealthTech and Vertical SaaS. Notably, it has invested in 25 Tech companies, 17 Enterprise (B2B) companies, 17 Software companies and at least 15 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Media & Entertainment | 2 |
FinTech | 1 |
HealthTech | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Adventure Fund's Investments by Geography
Adventure Fund has made most investments in United States (4).Adventure Fund's recent investments
Adventure Fund has not made any investment in 2026 so far.Here are the most recent investments by Adventure Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 30, 2023 | United States | Seed | 7703 | [+9] | |
Jun 06, 2023 | United States | Seed | 7677 | [+8] | |
Feb 20, 2022 | United States | Series A | 1624 | [+6] | |
Oct 05, 2021 | United States | Seed | 2830 | [+19] |
Unicorns in Adventure Fund's Portfolio
Adventure Fund has 2 unicorns in its portfolio - Carta and Plaid. The most recent unicorn in their portfolio is Carta. It became a unicorn in 2019, 7 years before Adventure Fund first invested in it.Here is a list of unicorns in Adventure Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
86 | Software-based equity management solutions | 2012 | San Francisco | Series G | fjwgwqo | ||
69 | Provider of a network for connecting financial accounts to applications | 2012 | San Francisco | Series E | wyhkbpy |
IPOs and Publicly Listed companies in Adventure Fund's Portfolio
6 of Adventure Fund's portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.97B.Here are Adventure Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 4018 | |
Jun 12, 2025 | - | - | 2634 | |
Nov 18, 2021 | - | - | 9961 | |
Apr 14, 2021 | - | - | 8085 | |
Mar 10, 2021 | - | - | 1683 |
Acquired companies in Adventure Fund's Portfolio
5 companies from Adventure Fund's portfolio have been acquired. The most recent acquisition was Sounder in Mar 2024 by Triton Digital for $*****.Here are Adventure Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 26, 2024 | Feb 20, 2022 | Series A | 2035 | |
Aug 22, 2023 | - | - | 3277 | |
Jul 13, 2023 | - | - | 7115 | |
Jan 11, 2023 | - | - | 1572 | |
Aug 03, 2021 | - | - | 4198 |
Team profile of Adventure Fund
Adventure Fund has a team of 19 members including 14 Partners located in United States, Spain and 2 more locations. Adventure Fund's team does not sit on the board of any company as of now.Here is a list of top team members in Adventure Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Brooklyn | - | ||
Partner | San Francisco | - | ||
Partner | Washington, DC | - | - | |
Partner | Washington, DC | - | - | |
Partner | San Francisco | - | - | |
Partner | Barcelona | - | - | |
Partner | Arlington | - | - | |
Partner | San Francisco | - | - | |
Partner | Washington, DC | - | - | |
Partner | Austin | - | - | |
Partner | Germany | - | - |
Co-investors of Adventure Fund
Over the past 5 years, 57 investors have co-invested in Adventure Fund's portfolio companies. This includes funds and angels.
- Invested before Adventure Fund: Hugo Amsellem, Y Combinator and 3 others have invested in rounds before Adventure Fund. There is 1 company where Hugo Amsellem has invested before Adventure Fund and 1 company where Y Combinator has invested before Adventure Fund.
- Top Co-investors of Adventure Fund: 42 investors entered a company along with Adventure Fund. These include investors like Spice Capital (1 company).
- Invested after Adventure Fund: A total of 10 investors have invested in Adventure Fund's portfolio after their investments. Top Investors include Creator Ventures (1 company), Blue Wire Capital (1 company) and Alex Lieberman (1 company).
Recent News related to Adventure Fund
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Niobium Raises $23 Million for FHE Hardware AccelerationSecurityWeek•Dec 03, 2025•Silicon Catalyst, JobsOhio, Niobium Microsystems, Korean Development Bank and 9 others
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Sounder Raises $7.7M in Series A FundingFinSMEs•Feb 20, 2022•iHeartMedia, Sounder, TechNexus, Diverse Angels and 6 others
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Sounder Announces Series A Funding to Bring Audio Intelligence to Every PodcasterPRWeb•Feb 16, 2022•Sounder, iHeartMedia, TechNexus, Adventure Fund and 2 others
