About CMEA Capital
CMEA Capital is a venture capital firm founded in 1989. It is primarily based out of San Francisco, United States. As of Oct 2014, CMEA Capital has invested in 57 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to High Tech and Enterprise Applications. Most recently it participated in the $***** Series D round of Jobvite Overall, CMEA Capital portfolio has seen 1 unicorn, 8 IPOs and 30 acquisitions including key companies like Codexis, Liveops and Ardelyx. A lot of funds co-invest with CMEA Capital, with names like USVP sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
CMEA Capital's List of Top Investments
CMEA Capital has a portfolio of 57 companies, one of which is a Unicorn. Their most notable investments are in Ardelyx and Syrrx.Their portfolio spans across United States, China, Canada and 2 more locations. They have invested in Life Sciences, High Tech, Enterprise Applications and 20 other sectors, across stages such as Series A, Series B and 6 more. Here is the list of top investments by CMEA Capital:1. Codexis
Developer of high-performance enzymes for drug discovery. The company leverages its proprietary CodeEvolver platform to discover and develop novel enzymes and novel biotherapeutics for pharmaceutical manufacturing and Enzyme-Catalyzed Oligonucleotide Synthesis technology a proprietary new synthesis platform for manufacturing RNA oligonucleotide therapeutics.
Key facts about Codexis
- Founded Year: 2002
- Location: Redwood City (United States)
- Annual Revenue: $50M - $100M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $111M
- Employee Count: 240 as on Jun 30, 2026
- Investors: EDBI, Vivo Capital and 12 Others
- Latest Funding Round: Post IPO, Jun 20, 2019, $*****
- Highlight: Public

2. Liveops
Flexible outsourcing solutions delivering exceptional customer experiences through human expertise and technology. The company provides customer service, technical support, sales and lead generation, and back-office support through a flexible, remote model. They offer onshore, nearshore, and offshore talent locations. The company integrates AI and automation to streamline processes and enhance accuracy. They serve industries like healthcare, insurance, retail, financial services, travel and hospitality, energy and utilities, communications, and government. The company focuses on seasonal flexibility, precision scheduling, quality talent, and total cost of ownership reduction. They utilize AI-powered insights and automation to improve performance and deliver empathetic experiences. The company offers responsive support across voice, email, chat, and more, with a focus on brand-aligned customer care at scale. They are committed to diversity, equity, and inclusion, and sustainability. This is a B2B service provider.
Key facts about Liveops
- Founded Year: 2000
- Location: Scottsdale (United States)
- Stage: Acquired
- Total Funding till date: $39M
- Employee Count: 2,821 as on May 31, 2026
- Investors: August Capital, Millennium Technology Value Partners and 12 Others
- Latest Funding Round: Conventional Debt, Jan 27, 2014, $*****
- Highlight: Acquired
3. Ardelyx
Developer of therapeutics for the gastrointestinal tract, cardio-renal, GI, and metabolic diseases. Its lead product, Tenapanor (RDX5791), a minimally-absorbed, orally administered NHE3 sodium transport inhibitor, is being developed both for constipation-predominant irritable bowel syndrome (IBS-C) and hyperphosphatemia in chronic kidney disease patients on dialysis. Also developing RDX002, treatment of high potassium, or hyperkalemia, in kidney and heart disease patients.
Key facts about Ardelyx
- Founded Year: 2007
- Location: Fremont (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $61.1M
- Employee Count: 524 as on Jun 30, 2026
- Investors: New Enterprise Associates, Western Alliance Bank and 11 Others
- Latest Funding Round: Post IPO, Jun 30, 2022, $*****
- Highlight: Public
Innovating healthy ingredients and wellness products, from seed to table. The company cultivates next-generation wellness products, focusing on specialty wheat ingredients with enhanced nutritional profiles. They aim to reinvent wheat as a functional food, adding value to the entire supply chain. They develop healthy formulations of wheat products. Additionally, they offer coconut water, a natural and hydrating beverage. The company focuses on consumer demands for healthier choices, offering products that are Non-GMO Project Verified. They are involved in agricultural innovation, food manufacturing, and consumer packaged goods. Their business model includes product development, supply chain management, and brand marketing. They are focused on health and wellness, food science, and sustainable agriculture.
Key facts about Arcadia Biosciences
- Founded Year: 2002
- Location: Davis (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $50.6M
- Employee Count: 11 - 50 as on Mar 01, 2026
- Investors: Saints Capital, BASF and 12 Others
- Latest Funding Round: Post IPO, Jun 12, 2026, $*****
- Highlight: Public
Manufacturer of LEDs, power semiconductors, and lasers for various applications. The company provides illumination LEDs for retail, hospitality, residential, and industrial settings. Specialty LEDs include ultraviolet, infrared, and horticulture options. Power products encompass MOSFETs and Schottky Barrier Diodes. Lasers are also available as part of their product portfolio.
Key facts about Luminus Devices
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Stage: Acquired
- Total Funding till date: $132M
- Employee Count: 135 as on Mar 31, 2026
- Investors: Owl Capital Group, NAV.VC and 8 Others
- Latest Funding Round: Conventional Debt, Apr 18, 2013, $*****
- Highlight: Acquired
CMEA Capital's Investments by Stage
CMEA Capital has made 19 investments in Series A stage with an average round size of $12.1M, 15 investments in Series B stage with an average round size of $14.4M and 11 investments in Series C stage with an average round size of $29.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 19 |
Series B | 15 |
Series C | 11 |
Seed | 2 |
Series D | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
CMEA Capital's Investments by Sector
CMEA Capital has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, High Tech, Energy and Environment. Notably, it has invested in 44 Tech companies, 43 Enterprise (B2B) companies, 20 Software companies and at least 12 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Life Sciences | 16 |
Enterprise Applications | 10 |
High Tech | 10 |
Energy | 6 |
Environment | 6 |
Others | 48 |
Note: We have considered here, only first round of investments
CMEA Capital's Investments by Geography
CMEA Capital has made most investments in United States (48), followed by China where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 48 |
China | 2 |
Canada | 1 |
Malta | 1 |
Spain | 1 |
Note: We have considered here, only first round of investments
CMEA Capital's recent investments
CMEA Capital has not made any investment in 2026 so far.Here are the most recent investments by CMEA Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 07, 2014 | United States | Series D | 3967 | [+2] | |
May 13, 2014 | United States | Series D | 4821 | [+1] | |
Apr 24, 2014 | United States | Series D | 2132 | [+2] | |
Mar 04, 2014 | United States | Series C | 9279 | [+1] | |
Nov 06, 2013 | United States | Series A | 4678 | [+4] |
Unicorns in CMEA Capital's Portfolio
CMEA Capital has 1 unicorn in its portfolio - Solyndra. The most recent unicorn in their portfolio is Solyndra which became a unicorn in 2011, 5 years after CMEA Capital first invested in it.Here is a list of unicorns in CMEA Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
55 | Provider of solar panels, solar panel kits, and related components | 2005 | Fremont | Series E | zxlzrpf |
IPOs and Publicly Listed companies in CMEA Capital's Portfolio
8 of CMEA Capital's portfolio companies have become public. Cnano Technology got listed on the Shanghai Stock Exchange (SSE), in Sep 2019 and NEOS Therapeutics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $217M.Here are CMEA Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 27, 2019 | Jul 31, 2007 | Series A | 1464 | |
Jul 24, 2015 | Mar 04, 2014 | Series C | 8768 | |
May 15, 2015 | Apr 24, 2014 | Series D | 7915 | |
Mar 20, 2015 | Nov 10, 2008 | Series B | 1382 | |
Jun 19, 2014 | Aug 31, 2011 | Series B | 9682 |
Acquired companies in CMEA Capital's Portfolio
30 companies from CMEA Capital's portfolio have been acquired. The most recent acquisition was Ambrx in Jan 2024 by Johnson & Johnson for $*****.Here are CMEA Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2024 | Apr 08, 2005 | Series B | 6895 | |
Sep 08, 2023 | Mar 31, 2008 | Series A | 8192 | |
Jun 24, 2020 | Nov 2006 | Series A | 2613 | |
May 06, 2019 | Sep 20, 2006 | Series C | 8470 | |
Aug 03, 2018 | Apr 10, 2007 | Series C | 5432 |
Co-investors of CMEA Capital
Over the past 27 years, 296 investors have co-invested in CMEA Capital's portfolio companies. This includes funds and angels.
- Invested before CMEA Capital: Garywoitzik, HHS and 64 others have invested in rounds before CMEA Capital. There are 2 companies where Garywoitzik has invested before CMEA Capital and 2 companies where HHS has invested before CMEA Capital.
- Top Co-investors of CMEA Capital: 125 investors entered a company along with CMEA Capital. These include investors like USVP (6 companies).
- Invested after CMEA Capital: A total of 105 investors have invested in CMEA Capital's portfolio after their investments. Top Investors include OSTI (4 companies), Presidio Partners (4 companies) and EDBI (2 companies).
Recent News related to CMEA Capital
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Sustainable Business NewsSustainable Business•Jun 29, 2017•Solyndra, Argonaut Ventures, USVP, CMEA Capital and 1 other
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Gati sells minority stake in its cold chain unit to Mandala CapitalLivemint•Oct 30, 2014•Gati Kausar, Gati, Mandala Capital, Arcadia Biosciences and 3 others
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Arcadia Biosciences Closes $33M Series D Equity Financing |FinSMEsFinSMEs•May 08, 2014•Arcadia Biosciences, Mandala Capital, CMEA Capital, Saints Capital and 1 other
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Reel Solar raises $4M for stealthy greentech | VentureBeatVentureBeat•Mar 28, 2013•RSI Solar, CMEA Capital, Pangaea Ventures, Mayfield and 1 other
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Nokia, Google Ventures And Others Put $10.7M In ‘AdSense For Images,’ Luminate – TechCrunchTechCrunch+•Feb 23, 2012•Luminate, Nokia Growth Partners, August Capital, CMEA Capital and 3 others
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Contour Energy Systems Finalizes Series C Funding Round with Addition of New Investor SBI Jefferies Asia Fund L.P.PR Newswire•Oct 06, 2011•Contour Energy, EDBI, CMEA Capital, SLB and 3 others
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Russian Search Engine Yandex Leads $30 Million Investment In Blekko - Search Engine LandSearch Engine Land•Sep 29, 2011•Blekko, Yandex, USVP, CMEA Capital and 2 others