About Exponent
Exponent is a venture capital firm founded in 2014. It is primarily based out of San Francisco, United States. As of May 2017, Exponent has invested in 18 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 High Tech and Consumer. Most recently it participated in the $***** Series A round of Spin Overall, Exponent portfolio has seen 2 unicorns, 1 IPO and 5 acquisitions including key companies like Snapchat, GrubMarket and Spin. A lot of funds co-invest with Exponent, with names like Grishin Robotics sharing a substantial percentage of its portfolio. Exponent has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A
Portfolio IPOs
Portfolio Unicorns
Exponent's List of Top Investments
Exponent has a portfolio of 18 companies, including 2 unicorns. Their most notable investments include Snapchat and GrubMarket.Their portfolio spans across United States, China and United Kingdom. They have invested in Enterprise Applications, High Tech, Consumer and 17 other sectors, across stages such as Series A stage. Here is the list of top investments by Exponent:1. Snapchat
Provider of multimedia messaging application. It offers users to send ephemeral messages to others. It provides solutions to capture photos and videos from their devices, edit with multiple filters, and share photos and video clip messages with friends. It offers features such as short videos, live video chatting, messaging, creating Bitmoji avatars, and sharing photos and videos through stories. It also provides a memories feature that allows users to store the snaps and stories in a private storage area. The application is available for both Android and iOS users.
Key facts about Snapchat
- Founded Year: 2011
- Location: Los Angeles (United States)
- Annual Revenue: $1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $2.62B
- Employee Count: 3 as on Jul 31, 2026
- Investors: Meritech, ADS Ventures and 62 Others
- Latest Funding Round: Post IPO, Aug 07, 2018, $*****
- Highlight: Public
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2. GrubMarket
Food technology company digitizing the food supply chain through B2B eCommerce. It operates a multi-layer platform that connects wholesale food distribution, B2B eCommerce, direct-to-consumer food delivery, and enterprise SaaS tools for supply chain management. It provides a B2B marketplace that connects growers, wholesalers, distributors, grocers, restaurants, and institutional buyers, enabling access to a wide network of fresh food products at scale.
Key facts about GrubMarket
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $908M
- Employee Count: 124 as on Aug 31, 2026
- Investors: Millennium Technology Value Partners, AME Cloud Ventures and 102 Others
- Latest Funding Round: Series H, Feb 02, 2026, $*****
- Highlight: Editors' Pick
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3. Spin
Spin is an app-based platform offering electric kick-scooter sharing services. Users can search for a nearby available scooter and book it after providing relevant details. Using the app, users can lock/unlock the scooters (by scanning their respective QR) and make online payments. It offers features like variant payment options, real-time tracking, etc. At the end of the ride, users can park the vehicle of their preference. The mobile app is available for iOS and Android devices.
Key facts about Spin
- Founded Year: 2016
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $8M
- Employee Count: 313 as on May 31, 2026
- Investors: Leaf Ventures, LYVC and 3 Others
- Latest Funding Round: Series A, May 25, 2017, $*****
- Highlight: Acquired
4. Mashgin
Developer of an AI-powered platform for streamlining retail checkout processes. The platform employs multiple cameras and artificial intelligence to identify items. It integrates with existing point-of-sale, payment, and loyalty systems. The company provides support and implementation services to ensure successful deployment.
Key facts about Mashgin
5. Plushcare
Plushcare is targeting primary healthcare through telemedicine. It uses the secure platform, the physicians can answer everyday concerns, make specialist referrals, and order prescriptions and lab tests.
Key facts about Plushcare
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $31M
- Employee Count: 159 as on Sep 30, 2026
- Investors: Founders Circle Capital, Moonshots Capital and 8 Others
- Latest Funding Round: Series B, Jun 01, 2020, $*****
- Highlight: Acquired
Exponent's Year-on-Year Investment Trends
Exponent has invested in 18 companies over the last 10 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Spin.Exponent's Investments by Stage
Exponent has made 2 investments in Series A stage with an average round size of $8M.Exponent's Investments by Sector
Exponent has a diverse portfolio, with companies operating in the Auto Tech, Consumer, Energy Tech, Environment Tech and HealthTech. Notably, it has invested in 17 Tech companies, 9 Consumer (B2C) companies, 9 Enterprise (B2B) companies and at least 9 companies focusing on Software.Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
Consumer | 1 |
Energy Tech | 1 |
Environment Tech | 1 |
HealthTech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Exponent's Investments by Geography
Exponent has made most investments in United States (2).Exponent's recent investments
Exponent has not made any investment in 2026 so far.Here are the most recent investments by Exponent:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 25, 2017 | United States | Series A | 3561 | [+1] | |
Nov 04, 2016 | United States | Series A | 9047 |
Unicorns in Exponent's Portfolio
Exponent has 2 unicorns in its portfolio - Mashgin and GrubMarket. The most recent unicorn in their portfolio is Mashgin. It became a unicorn in 2022, 4 years before Exponent first invested in it.Here is a list of unicorns in Exponent's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | Developer of an AI-powered platform for streamlining retail checkout processes | 2013 | Palo Alto | Series B | csrykjt | ||
75 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | hkuuisv |
IPOs and Publicly Listed companies in Exponent's Portfolio
1 of Exponent's portfolio company became public - Snapchat. It got listed on the New York Stock Exchange (NYSE), in Mar 2017 at marketcap of $54.4MHere are Exponent's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 03, 2017 | - | - | 8944 |
Acquired companies in Exponent's Portfolio
5 companies from Exponent's portfolio have been acquired. The most recent acquisition was Her in May 2025 by Match Group for $*****.Here are Exponent's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 22, 2025 | - | - | 6076 | |
Sep 19, 2023 | May 25, 2017 | Series A | 4665 | |
Jul 06, 2023 | - | - | 8961 | |
Apr 23, 2021 | Nov 04, 2016 | Series A | 4192 | |
Jan 13, 2021 | - | - | 8005 |
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Team profile of Exponent
Exponent has a team of 1 member located in United States. Exponent's team does not sit on the board of any company as of now.Co-investors of Exponent
Over the past 10 years, 5 investors have co-invested in Exponent's portfolio companies. This includes funds and angels.
- Top Co-investors of Exponent: 4 investors entered a company along with Exponent. These include investors like Grishin Robotics (1 company).
- Invested after Exponent: Transformation Capital (1 company) is the only investor which has invested in Exponent's portfolio after their investments.
Recent News related to Exponent
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A scooter company is turning to cryptocurrency to raise $125 million instead of getting traditional investorsBusiness Insider•Jun 30, 2018•Spin, Grishin Robotics, Exponent, CRCM Venture and 16 others
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Spin Secures $8 Million Series A Funding Round Led by Grishin RoboticsPR Newswire•May 25, 2017•Spin, Grishin Robotics, Exponent, CRCM Venture and 2 others
