About Ensemble
Ensemble is a venture capital firm founded in 2020. It is primarily based out of Austin, United States. As of Jun 2026, Ensemble is an active investor, having invested in 22 companies, with 3 new investments in the last 12 months. 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 Consumer and Retail. Most recently it participated in the $***** Series D round of Principalmineral Overall, Ensemble portfolio has seen 2 unicorns, 2 IPOs and 3 acquisitions including key companies like Groww, Rover and Carta. A lot of funds co-invest with Ensemble, with names like Overmatch sharing a substantial percentage of its portfolio. Ensemble has team of 13 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio Unicorns
Deals in last 12 months
Ensemble's List of Top Investments
Ensemble has a portfolio of 22 companies, including 2 unicorns. Their most notable investments are in Spot and Blueprint.Their portfolio spans across United States and India. They have invested in Enterprise Applications, Consumer, Retail and 16 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Ensemble:1. Groww
Provider of digital brokerage services for stocks and mutual funds. This platform facilitates the purchase and sale of equity shares, exchange traded funds, and direct mutual fund schemes. It provides tools for tracking market indices, monitoring portfolio performance, and executing trades through an integrated interface. Users access analytical data, including price charts and financial indicators, to manage investment positions and systematic investment plans. The service supports margin trading facilities and commodity trading options.
Key facts about Groww
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $596M
- Employee Count: 1,415 as on Jun 30, 2025
- Investors: GIC, Lone Pine Capital and 25 Others
- Latest Funding Round: Series F, Jun 13, 2025, $*****
- Highlight: Public
2. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,896 as on Sep 30, 2026
- Investors: K2 Global, Cross Creek and 34 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
3. 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 141 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
4. Udemy
Provider of a marketplace offering online courses. It offers courses in various disciplines such as business, IT and software, photography, marketing, music, finance, and more. The courses can be taken at any pace and the course content can be created by instructors according to their choice. It also offers corporate online learning platform, that provides training solutions to corporates. Its mobile app is available for android and iOS devices.
Key facts about Udemy
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $274M
- Employee Count: 9,135 as on Sep 30, 2026
- Investors: Founders Circle Capital, Harmony Venture Partners and 68 Others
- Latest Funding Round: Series F, Nov 18, 2020, $*****
- Highlight: Public
5. Casper
Manufacturer of foam and hybrid mattresses, pillows, and bedding accessories. The product line includes adjustable bed frames, headboards, sheets, mattress protectors, and duvets. These items are engineered to provide support and comfort for sleep. The business operates through an online store and physical retail locations.
Key facts about Casper
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $340M
- Employee Count: 806 as on Sep 30, 2026
- Investors: K2 Global, avenuealtd.com and 57 Others
- Latest Funding Round: Series D, Mar 27, 2019, $*****
- Highlight: Acquired
Ensemble's Year-on-Year Investment Trends
Ensemble has invested in 22 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Principalmineral and most recent follow-on round was in Loti AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 3 | 1 | 4 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
2022 | 1 | 1 | 2 |
2021 | 2 | 0 | 2 |
Ensemble's Investments by Stage
Ensemble has made 8 investments in Series A stage with an average round size of $21.9M, 3 investments in Series B stage with an average round size of $91.6M, 2 investments in Seed stage with an average round size of $4.48M and 1 investment in Series D stage with an average round size of $280M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Series B | 3 |
Seed | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Ensemble's Investments by Sector
Ensemble has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Vertical SaaS and HealthTech. Notably, it has invested in 18 Tech companies, 16 Enterprise (B2B) companies, 9 Software companies and at least 8 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 4 |
Life Sciences | 3 |
Vertical SaaS | 3 |
HealthTech | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Ensemble's Investments by Geography
Ensemble has made most investments in United States (13).Ensemble's recent investments
Ensemble has made 3 investments in 2026 so far. Principalmineral and Neion Bio are the latest among them.Here are the most recent investments by Ensemble:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 15, 2026 | - | Series D | 1847 | [+1] | |
Jun 11, 2026 | United States | Series A | 9473 | [+4] | |
Feb 10, 2026 | United States | Series A | 6499 | [+8] | |
Jul 09, 2025 | United States | Seed | 9494 | [+3] | |
Apr 25, 2025 | United States | Series A | 6266 |
Unicorns in Ensemble's Portfolio
Ensemble has 2 unicorns in its portfolio - Sidecar Health and Carta. The most recent unicorn in their portfolio is Sidecar Health. It became a unicorn in 2021, 5 years before Ensemble first invested in it.Here is a list of unicorns in Ensemble's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Online health insurance platform for individuals and businesses | 2018 | El Segundo | Series D | atmrsie | ||
86 | Software-based equity management solutions | 2012 | San Francisco | Series G | mhaqaip |
IPOs and Publicly Listed companies in Ensemble's Portfolio
2 of Ensemble's portfolio companies have become public. Groww got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2025 at marketcap of $6.97B and Udemy got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $3.99B.Here are Ensemble's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 12, 2025 | - | - | 4876 | |
Oct 29, 2021 | - | - | 5923 |
Acquired companies in Ensemble's Portfolio
3 companies from Ensemble's portfolio have been acquired. The most recent acquisition was Salsify in Jul 2026 by Cinven for $*****.Here are Ensemble's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 22, 2026 | - | - | 5635 | |
Nov 04, 2024 | - | - | 9049 | |
Nov 29, 2023 | - | - | 3415 |
Team profile of Ensemble
Ensemble has a team of 13 members located in United States. Ensemble's team does not sit on the board of any company as of now.Co-investors of Ensemble
Over the past 5 years, 140 investors have co-invested in Ensemble's portfolio companies. This includes funds and angels.
- Invested before Ensemble: Trust Ventures, Norwest and 60 others have invested in rounds before Ensemble. There are 2 companies where Trust Ventures has invested before Ensemble and 2 companies where Norwest has invested before Ensemble.
- Top Co-investors of Ensemble: 59 investors entered a company along with Ensemble. These include investors like Overmatch (4 companies).
- Invested after Ensemble: A total of 19 investors have invested in Ensemble's portfolio after their investments. Top Investors include Elad Gil (1 company), NightDragon (1 company) and General Catalyst (1 company).
Recent News related to Ensemble
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R+ VC Invests in Principal Mineral to Rebuild Advanced Electronics Supply ChainsMamStartup•Aug 26, 2026•Ensemble, Principalmineral
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Chariot Defense Announces $34M Series A led by AndreessenTMC•Feb 25, 2026•Chariot Defense, Andreessen Horowitz, Overmatch, Marlinspike and 7 others
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Manifest Raises $15 Million in Series A FundingSecurityWeek•Apr 25, 2025•Manifest Cyber, Ensemble, First Round Capital, Leap435 and 2 others
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Loti AI Closes Nearly $7 Million Seed Round with Additional Investment From Khosla Ventureshttps://www.intelligence360.news/•Oct 09, 2024•K5 Global, Ensemble, Alpha Edison, FUSE and 1 other
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Loti Ai Closes Nearly $7 Million Seed Round With Additional Investment From Khosla VenturesBusiness Wire•Sep 30, 2024•Khosla Ventures, FUSE, Bling Capital, K5 Global and 3 others
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Loti, a Seattle startup that helps public figures spot and squash deepfakes, raises $5.1MGeekWire•Jun 26, 2024•Bling Capital, Ensemble, Alpha Edison, K5 Global and 3 others
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Clazar Raises $10M Series A to Modernize SaaS Sales Across Cloud MarketplacesTMC•Apr 18, 2024•Clazar, Ridge Ventures, Ensemble, DST Global and 2 others
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Modal: Skills Development Platform Company Raises $25 MillionPulse 2.0•Apr 06, 2024•Modal, Left Lane Capital, Ensemble, SignalFire and 2 others
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Naval Maritime Autonomy Company Raises $55 MillionMarinelink•Oct 11, 2023•Saronic, Caffeinated Capital, 8VC, Andreessen Horowitz and 3 others
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Venture Capital: Sea Drone Maker Saronic Scores $5M Series ADailyAlts•Oct 11, 2023•Saronic, 8VC, Andreessen Horowitz, Lightspeed Venture Partners and 4 others
