About Devonport Ventures
Devonport Ventures is a venture capital firm founded in 2016. It is primarily based out of Delaware City, United States. As of Feb 2017, Devonport Ventures has invested in 8 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Real Estate and Construction Tech and FinTech. Most recently it participated in the $***** Series A round of YotaScale Overall, Devonport Ventures portfolio has seen 3 acquisitions, namely Tangerine, CloudVector and Vogel Telecom. A lot of funds co-invest with Devonport Ventures, with names like Pelion Venture Partners sharing a substantial percentage of its portfolio. Devonport Ventures has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A
Portfolio Acquisitions
Devonport Ventures' List of Top Investments
Devonport Ventures has a portfolio of 8 companies. Their most notable investments include Tangerine and YotaScale.Their portfolio spans across United States, New Zealand, Brazil and 1 more locations. They have invested in Enterprise Applications, Real Estate and Construction Tech, FinTech and 7 other sectors, across stages such as Series A stage. Here is the list of top investments by Devonport Ventures:1. Tangerine
Tangerine is a direct bank that delivers everyday banking to Canadians. The bank claimes to holds 1.9 million clients and close to $38 billion in total assets. Tangerine offers chequing and savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds. The bank does not have any branches but instead operates cafe's that help customers in case of difficulties. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates as a wholly-owned subsidiary.
Key facts about Tangerine
- Founded Year: 1997
- Location: Toronto (Canada)
- Stage: Acquired
- Employee Count: 1,743 as on Sep 30, 2026
- Investors: Devonport Ventures
- Highlight: Acquired
2. YotaScale
YotaScale is a cloud-based IT expense management tool provider. The product enables managers to monitor the enterprise's cloud resources. The tool offers real-time balance performance, availability and security need with cost considerations. The clients include zoom, Hulu, ARTURO, DOORDASH, etc.
Key facts about YotaScale
- Founded Year: 2015
- Location: Menlo Park (United States)
- Stage: Series B
- Total Funding till date: $28M
- Employee Count: 13 as on Sep 30, 2026
- Investors: Odyssey Investment Partners, Felicis Ventures and 11 Others
- Latest Funding Round: Series B, Oct 12, 2020, $*****
- Highlight: Editors' Pick
Premium wine upgrades, rare finds, and thrilling wine experiences. This is a curated online platform offering access to premium wines with the potential for exciting upgrades. Customers purchase wine collections and receive surprise upgrades to higher-value bottles, enhancing their overall wine experience. The company focuses on providing exclusive wine access, featuring hidden gems and collector-worthy bottles. They offer expertly curated daily wine collections from renowned wineries. Fast and reliable shipping ensures wines arrive promptly from their cellar. The business model is based on offering a unique and exciting way to discover and enjoy exceptional wines, with a focus on value and the thrill of potential upgrades. The website offers features like login, cart, subscription via email sign up, and social media integration.
Key facts about Underground Cellar
- Founded Year: 2013
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $13.6M
- Employee Count: 20 as on Dec 31, 2022
- Investors: Zillionize, Accomplice and 13 Others
- Latest Funding Round: Series A, Jun 15, 2021, $*****
4. FileInvite
Provider of encrypted document collection software. It allows users to request and collect documents, and forms, and upload files and information to a centralized location. It offers tools to request files with, live forms with signatures, files, and data from clients. The offering sector includes finance, education, legal, banking, and more. It is a tool available on the subscription based pricing model.
Key facts about FileInvite
- Founded Year: 2014
- Location: Auckland (New Zealand)
- Stage: Series A
- Total Funding till date: $8.17M
- Employee Count: 31 as on Sep 30, 2026
- Investors: Flying Kiwi Angels, Icehouse Ventures and 16 Others
- Latest Funding Round: Series A, Jul 06, 2022, $*****
5. CloudVector
CloudVector is a cloud API security solutions provider. The company offers a threat detection and response platform for API security. The platform provides a solution for deep risk monitoring & remediation and shadow API prevention solutions. The clients of the company include Theatro, Microsoft, KATERRA, etc.
Key facts about CloudVector
- Founded Year: 2018
- Location: Los Altos (United States)
- Stage: Acquired
- Employee Count: 10 - 49 as on Mar 01, 2026
- Investors: WestWave Capital, SignalFire and 4 Others
- Highlight: Acquired
Devonport Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in YotaScale.Devonport Ventures' Investments by Stage
Devonport Ventures has made 1 investment in Series A stage with an average round size of $3.6M.Devonport Ventures' Investments by Sector
Devonport Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure and FinTech. Notably, it has invested in 7 Tech companies, 4 Enterprise (B2B) companies, 4 Software companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 1 |
Enterprise Infrastructure | 1 |
FinTech | 1 |
Note: We have considered here, only first round of investments
Devonport Ventures' Investments by Geography
Devonport Ventures has made most investments in United States (1).Devonport Ventures' recent investments
Devonport Ventures has not made any investment in 2026 so far.Here are the most recent investments by Devonport Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 16, 2017 | United States | Series A | 8399 | [+4] |
Acquired companies in Devonport Ventures' Portfolio
3 companies from Devonport Ventures' portfolio have been acquired. The most recent acquisition was Vogel Telecom in May 2021 by Algar Telecom for $*****.Here are Devonport Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 10, 2021 | - | - | 7117 | |
May 03, 2021 | - | - | 8148 | |
Aug 29, 2012 | - | - | 5555 |
Team profile of Devonport Ventures
Devonport Ventures has a team of 2 members including 2 Partners located in United States and New Zealand. Devonport Ventures' team does not sit on the board of any company as of now.Co-investors of Devonport Ventures
Over the past 9 years, 10 investors have co-invested in Devonport Ventures's portfolio companies. This includes funds and angels.
- Invested before Devonport Ventures: Engineering Capital, NewDo Venture and 1 other have invested in rounds before Devonport Ventures. There is 1 company where Engineering Capital has invested before Devonport Ventures and 1 company where NewDo Venture has invested before Devonport Ventures.
- Top Co-investors of Devonport Ventures: 4 investors entered a company along with Devonport Ventures. These include investors like Pelion Venture Partners (1 company).
- Invested after Devonport Ventures: A total of 3 investors have invested in Devonport Ventures's portfolio after their investments. Top Investors include Felicis Ventures (1 company), Aydin Senkut (1 company) and Crosslink Capital (1 company).
