About Evolutionary Ventures
Evolutionary Ventures is a venture capital firm located in Palo Alto, United States. As of Jul 2022, Evolutionary Ventures has invested in 14 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 Life Sciences. Most recently it participated in the $***** Seed round of Kona Overall, Evolutionary Ventures portfolio has seen 3 unicorns and 3 acquisitions including key companies like Slack, Iterable and Relativity Space. A lot of funds co-invest with Evolutionary Ventures, with names like Unusual Ventures sharing a substantial percentage of its portfolio. Evolutionary Ventures has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Portfolio Soonicorns
Evolutionary Ventures' List of Top Investments
Evolutionary Ventures has a portfolio of 14 companies, including 3 unicorns. Their most notable investments include Slack and Iterable.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 7 other sectors, across stages such as Seed stage. Here is the list of top investments by Evolutionary Ventures:
1. Slack
Developer of communication software for team collaboration and project management. This platform facilitates messaging, file sharing, and audio or video meetings. It integrates with various third-party applications to automate workflows and manage tasks. Users organize conversations into channels to coordinate projects and share information. The software includes tools for searching archives, managing user profiles, and implementing security protocols for data protection. Artificial intelligence features assist with summarizing content, drafting responses, and managing automated agents to streamline routine work processes.
Key facts about Slack
- Founded Year: 2009
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.22B
- Employee Count: 2,615 as on Aug 31, 2026
- Investors: ADS Ventures, Glynn Capital and 69 Others
- Latest Funding Round: Post IPO, Apr 16, 2020, $*****
- Highlight: Acquired
2. Iterable
Cloud based omnichannel personalized marketing platform. It is an enterprise email platform that enables marketers to send highly personalized emails optimized for desktop and mobile. The platform allows marketers to segment customers into different groups and use workflow tools to build a map for automating consumer engagement. Integrates with Mixpanel and Segment.io. Customers include BetterDoctor, Eat24, DanceOn, Dot Bo, Memebox, and Pinrose. The platform also engages customers through SMS and in app notifications.
Key facts about Iterable
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $343M
- Employee Count: 879 as on Aug 31, 2026
- Investors: Glynn Capital, Adams Street Partners and 30 Others
- Latest Funding Round: Series E, Jun 15, 2021, $*****
- Highlight: Editors' Pick
Provider of AI-powered 3D printed launch vehicles for small payloads. Its launch vehicle is developed using a proprietary metal 3D printer, and uses a combination of oxygen and methane as propellants. It uses AI and autonomous robotics technologies to develop launch vehicles that can deploy satellites in lower earth orbitals. It can deploy and resupply satellite constellations into space in less time and cost.
Key facts about Relativity Space
- Founded Year: 2015
- Location: Inglewood (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.34B
- Employee Count: 1,994 as on Aug 31, 2026
- Investors: Allen & Company, Fidelity Investments and 77 Others
- Latest Funding Round: Angel, Jan 09, 2025, $*****
- Highlight: Editors' Pick
4. Cleo
Cleo is an app offering an online family benefit management platform for employees and their families. The mobile app is designed as an intelligent marketplace that predicts and provides personalized guidance to expectant parent employees. The platform provides evidence-based guidance for career management and clinical care benefits. The app provides solutions for [pregnancy management, career coaching, kids management, and more.
Key facts about Cleo
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $86.9M
- Employee Count: 108 as on Aug 31, 2026
- Investors: Glynn Capital, Felicis Ventures and 13 Others
- Latest Funding Round: Series C, Mar 30, 2021, $*****
- Highlight: Editors' Pick
5. TRIPP
TRIPP is a wellness technology company that is developing mood-altering virtual reality experiences. The experience combines audio & visual elements, gameplay mechanics, and meditation taking the users on a journey that can stimulate multiple feelings and moods. The company claims that the experiences can deliver a more focused brain stimulation that could improve a person’s well-being and mental health. Partners include Facebook, Google, Unity, STEAM, HTC, and Oculus.
Key facts about TRIPP
- Founded Year: 2016
- Location: Los Angeles (United States)
- Stage: Series A
- Total Funding till date: $26.3M
- Employee Count: 26 as on Aug 31, 2026
- Investors: Qualcomm Ventures, Seven Hound Ventures and 31 Others
- Latest Funding Round: Series A, Jun 01, 2022, $*****
- Highlight: Editors' Pick
Evolutionary Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in Kona.Evolutionary Ventures' Investments by Stage
Evolutionary Ventures has made 1 investment in Seed stage with an average round size of $4M.Evolutionary Ventures' Investments by Sector
Evolutionary Ventures has a diverse portfolio, with companies operating in the Enterprise Applications and Enterprise Infrastructure. Notably, it has invested in 12 Tech companies, 11 Enterprise (B2B) companies, 10 Software companies and at least 7 companies focusing on Saas.Evolutionary Ventures' Investments by Geography
Evolutionary Ventures has made most investments in United States (1).Evolutionary Ventures' recent investments
Evolutionary Ventures has not made any investment in 2026 so far.Here are the most recent investments by Evolutionary Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 26, 2022 | United States | Seed | 4510 | [+7] |
Unicorns in Evolutionary Ventures' Portfolio
Evolutionary Ventures has 3 unicorns in its portfolio - Density, Iterable and Relativity Space. The most recent unicorn in their portfolio is Density. It became a unicorn in 2021, 5 years before Evolutionary Ventures first invested in it.Here is a list of unicorns in Evolutionary Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | SaaS-driven solution that tracks foot traffic in merchant stores | 2014 | San Francisco | Series D | ubbhtii | ||
72 | Cloud based omnichannel personalized marketing platform | 2013 | San Francisco | Series E | gtrlsvf | ||
67 | Provider of AI-powered 3D printed launch vehicles for small payloads | 2015 | Inglewood | Series E | pfs{nya |
Acquired companies in Evolutionary Ventures' Portfolio
3 companies from Evolutionary Ventures' portfolio have been acquired. The most recent acquisition was Kona in Jan 2025 by 15Five for $*****.Here are Evolutionary Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 28, 2025 | Jul 26, 2022 | Seed | 9975 | |
May 20, 2021 | - | - | 7289 | |
Dec 01, 2020 | - | - | 5171 |
Team profile of Evolutionary Ventures
Evolutionary Ventures has a team of 2 members located in United States. Evolutionary Ventures' team does not sit on the board of any company as of now.Co-investors of Evolutionary Ventures
Over the past 4 years, 16 investors have co-invested in Evolutionary Ventures's portfolio companies. This includes funds and angels.
- Invested before Evolutionary Ventures: Jeff Wilke, Kleiner Perkins and 7 others have invested in rounds before Evolutionary Ventures. There is 1 company where Jeff Wilke has invested before Evolutionary Ventures and 1 company where Kleiner Perkins has invested before Evolutionary Ventures.
- Top Co-investors of Evolutionary Ventures: 7 investors entered a company along with Evolutionary Ventures. These include investors like Unusual Ventures (1 company).
Recent News related to Evolutionary Ventures
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Kona Raises $4M in Seed FundingFinSMEs•Jul 27, 2022•Evolutionary Ventures, Unusual Ventures, Evolution VC Partners, 2.12 Angels and 2 others
