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About Deep Ventures
Deep Ventures is a venture capital firm founded in 2019. It is primarily based out of San Francisco, United States. As of Oct 2023, Deep Ventures has invested in 11 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of OrdinalsBot Overall, Deep Ventures portfolio has seen 2 unicorns and 3 acquisitions including key companies like Fireflies, Groq and Infoworks. A lot of funds co-invest with Deep Ventures, with names like Canaan sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Deep Ventures' List of Top Investments
Deep Ventures has a portfolio of 11 companies, including 2 unicorns. Their most notable investments are in Panther and New Age Eats.Their portfolio spans across United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Deep Ventures:1. Fireflies
Provider of a platform automating meeting transcription and summarization. It records, transcribes, and analyzes voice conversations across various video conferencing platforms. The platform generates real-time transcripts, identifies speakers, and provides AI-powered summaries with action items. It is integarted with CRMs, collaboration tools, and automation platforms so that the outputs can flow into existing workflows.
Key facts about Fireflies
- Founded Year: 2016
- Location: Pleasanton (United States)
- Stage: Series A
- Total Funding till date: $19M
- Employee Count: 118 as on Mar 31, 2026
- Investors: Samsung NEXT, Khosla Ventures and 16 Others
- Latest Funding Round: Series A, May 24, 2021, $*****
- Highlight: Editors' Pick
2. Groq
Provider of AI inference platforms and on-premise AI inference clusters. It develops inference-specific LPUs and offers GroqCloud, a platform for AI inference. It also provides GroqRack, an on-premise AI inference cluster for data centers. The company focuses on delivering consistent performance at scale with its custom-built LPU architecture.
Key facts about Groq
- Founded Year: 2016
- Location: San Jose (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.75B
- Employee Count: 377 as on Mar 31, 2026
- Investors: equitywestsecurities.com, Disruptive and 46 Others
- Latest Funding Round: Series E, Sep 17, 2025, $*****
- Highlight: Editors' Pick
3. Panther
Decentralized protocol for the privacy of digital assets. It is an end-to-end privacy protocol for digital assets that can be integrated into a public blockchain. It features the creation of interoperable assets, on-chain governance, secure custody, and more. It provides Panther Wallet, a browser-based self-custodial wallet; Privacy Miners, assets for mining; Panther DAO, a community governed decentralized autonomous organization; and more.
Key facts about Panther
- Founded Year: 2021
- Location: United Kingdom
- Annual Revenue: £142K as on Apr 30, 2022
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 34 as on Jul 01, 2024
- Investors: Kosmos Ventures, RR2 Capital and 29 Others
- Latest Funding Round: Series A, Jun 01, 2021, $*****
- Highlight: Editors' Pick
4. Infoworks
Infoworks offers a Dynamic data warehousing platform for automatically ingesting, aggregating, profiling and data model creation and organising data building OLAP cubes in Hadoop. It claims that its models can provide 500x faster responses for OLAP, and 10x faster responses times for standard SQL queries.
Key facts about Infoworks
- Founded Year: 2014
- Location: Palo Alto (United States)
- Stage: Acquired
- Total Funding till date: $58M
- Employee Count: 50 as on Oct 31, 2024
- Investors: Centerview Capital, New Enterprise Associates and 4 Others
- Latest Funding Round: Series C, May 12, 2020, $*****
- Highlight: Acquired
RichRelevance provides customer personalizations for the retailers and brands. The platform unifies splintered data and applications with point solutions and APIs. Richrelevance creates relevant shopping experience by connecting four data points - consumer information, contextual shopping information, product information and associated content. More than 160 international companies use RichRelevance to turn data into actionable insight, which delivers the most relevant experience for consumers as they shop across web, store and mobile. Customers include Marks and Spencers, Costco, Loreal, John Lewis and Target. RichRelevance serves clients in 42 countries from 9 offices around the globe.
Key facts about RichRelevance
- Founded Year: 2005
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $84.3M
- Employee Count: 41 as on Dec 31, 2022
- Investors: Saints Capital, Western Alliance Bank and 15 Others
- Latest Funding Round: Series F, Mar 19, 2019, $*****
- Highlight: Acquired
Deep Ventures' Year-on-Year Investment Trends
Deep Ventures has invested in 11 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in OrdinalsBot and most recent follow-on round was in New Age Eats.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 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
Deep Ventures' Investments by Stage
Deep Ventures has made 3 investments in Seed stage with an average round size of $2.67M and 1 investment in Series A stage with an average round size of $8M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 1 |
Note: We have considered here, only first round of investments
Deep Ventures' Investments by Sector
Deep Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Blockchain - Industry Applications, Blockchain Technology and Consumer. Notably, it has invested in 11 Tech companies, 9 Enterprise (B2B) companies, 8 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Enterprise Applications | 2 |
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
Consumer | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Deep Ventures' Investments by Geography
Deep Ventures has made most investments in United States (3), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Deep Ventures' recent investments
Deep Ventures has not made any investment in 2026 so far.Here are the most recent investments by Deep Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 09, 2023 | United States | Seed | 2336 | [+6] | |
Jun 01, 2021 | United Kingdom | Series A | 5905 | [+20] | |
Jul 30, 2020 | United States | Seed | 4613 | [+12] | |
Oct 29, 2019 | United States | Seed | 1532 | [+7] | |
- | United States | Series A | 9465 | [+12] |
Unicorns in Deep Ventures' Portfolio
Deep Ventures has 2 unicorns in its portfolio - Fireflies and Groq. The most recent unicorn in their portfolio is Fireflies. It became a unicorn in 2025, 5 years after Deep Ventures first invested in it.Here is a list of unicorns in Deep Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Provider of a platform automating meeting transcription and summarization | 2016 | Pleasanton | Series A | iejsytf | ||
72 | Provider of AI inference platforms and on-premise AI inference clusters | 2016 | San Jose | Series E | geqdmry |
Acquired companies in Deep Ventures' Portfolio
3 companies from Deep Ventures' portfolio have been acquired. The most recent acquisition was Infoworks in Dec 2024 by Uniphore for $*****.Here are Deep Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 05, 2024 | - | - | 7518 | |
Aug 31, 2023 | - | - | 4255 | |
Mar 11, 2021 | - | - | 7358 |
Co-investors of Deep Ventures
Over the past 7 years, 66 investors have co-invested in Deep Ventures's portfolio companies. This includes funds and angels.
- Invested before Deep Ventures: Right Side Capital Management, Forum Ventures and 8 others have invested in rounds before Deep Ventures. There is 1 company where Right Side Capital Management has invested before Deep Ventures and 1 company where Forum Ventures has invested before Deep Ventures.
- Top Co-investors of Deep Ventures: 46 investors entered a company along with Deep Ventures. These include investors like Canaan (1 company).
- Invested after Deep Ventures: A total of 10 investors have invested in Deep Ventures's portfolio after their investments. Top Investors include Khosla Ventures (1 company), Digital Asset Capital Management (1 company) and Edenblock (1 company).
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