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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 Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 6 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns

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:
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
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

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

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.
Here are CMEA Capital's investments by stage:
Stage of entry
No. of Investments
Series A
19
Series B
15
Series C
11
Seed
2
Series D
2
Others
4
Breakdown of CMEA Capital's investments by stage of entrySeries A (19)Series B (15)
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.
Here are CMEA Capital's investments by sector:
Sector
No. of Investments
Life Sciences
16
Enterprise Applications
10
High Tech
10
Energy
6
Environment
6
Others
48
Breakdown of CMEA Capital's investments by sectorsLife Sciences (16)Enterprise Applic... (10)
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.
Here are CMEA Capital's investments by geography:
Country
No. of Investments
United States
48
China
2
Canada
1
Malta
1
Spain
1
Breakdown of CMEA Capital's investments by countriesUnited States (48)China (2)
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
May 13, 2014
United States
Series D
4821
  [+1]
Apr 24, 2014
United States
Series D
2132
Mar 04, 2014
United States
Series C
9279
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
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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 CapitalGarywoitzik, 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 Capital125 investors entered a company along with CMEA Capital. These include investors like USVP (6 companies).
  • Invested after CMEA CapitalA 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

Sustainable Business NewsSustainable BusinessJun 29, 2017Solyndra, Argonaut Ventures, USVP, CMEA Capital and 1 other
Inventure – News 2Inventure RenewablesMay 02, 2012Inventure Renewables, Wilmar, CMEA Capital
View all news related to CMEA Capital

FAQs about CMEA Capital

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