About Firebolt Ventures
Firebolt Ventures is a venture capital firm founded in 2014. It is primarily based out of Palo Alto, United States. As of Feb 2026, Firebolt Ventures is an active investor, having invested in 83 companies, with 2 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 High Tech and Retail. Most recently it participated in the $***** Series A round of Modveon Overall, Firebolt Ventures portfolio has seen 11 unicorns, 1 IPO and 15 acquisitions including key companies like Coupa, Figma and Mercury. A lot of funds co-invest with Firebolt Ventures, with names like Gokul Rajaram sharing a substantial percentage of its portfolio. Firebolt Ventures has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Firebolt Ventures' List of Top Investments
Firebolt Ventures has a portfolio of 83 companies, including 11 unicorns. Their most notable investments are in Simbian and Planera.Their portfolio spans across United States, India, United Kingdom and 4 more locations. They have invested in Enterprise Applications, High Tech, Retail and 21 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Firebolt Ventures:
1. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $169M
- Employee Count: 3,711 as on May 31, 2026
- Investors: Meritech, T. Rowe Price and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Highlight: Acquired
2. Figma
Developer of a collaborative interface design and digital whiteboard platform. It provides tools for design, prototyping, and development handoff. The platform offers features for creating design systems, presentations, and websites. It also includes AI-powered tools for code generation and design assistance. The platform supports various use cases, including UX design, wireframing, and strategic planning.
Key facts about Figma
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $749M
- Employee Count: 2,877 as on Apr 30, 2026
- Investors: Fidelity Investments, Spur Capital and 60 Others
- Latest Funding Round: Series F, May 15, 2024, $*****
- Highlight: Public
3. Mercury
Provider of a comprehensive online platform offering a range of financial services. The company provides integrated banking services for businesses, offering a platform to manage financial operations.
Key facts about Mercury
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $546M
- Employee Count: 1,787 as on Aug 31, 2026
- Investors: Harmony Venture Partners, Sapphire Ventures and 81 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
4. Vercel
Provider of cloud infrastructure and developer tools for web applications. It offers continuous integration and delivery, content delivery, and serverless computing capabilities. The platform provides features such as bot management, security, and monitoring. It supports development with frameworks and tools, enabling application deployment and scaling.
Key facts about Vercel
- Founded Year: 2015
- Location: Covina (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $863M
- Employee Count: 1,011 as on Aug 31, 2026
- Investors: Adams Street Partners, GIC and 30 Others
- Latest Funding Round: Series F, Sep 30, 2025, $*****
- Highlight: Editors' Pick
5. Deel
Provider of human resources and international payroll compliance software tools. The platform facilitates global hiring, automated payroll processing, workforce management, and legal compliance for personnel located across different jurisdictions. It handles visa processing, equipment provisioning, benefits administration, and multi-currency payouts through a centralized digital interface. The technology automates contract generation and tax documentation to manage international teams.
Key facts about Deel
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $986M
- Employee Count: 9,733 as on Aug 31, 2026
- Investors: Spark Capital, Mubadala and 57 Others
- Latest Funding Round: Series E, Oct 16, 2025, $*****
- Highlight: Editors' Pick
Firebolt Ventures' Year-on-Year Investment Trends
Firebolt Ventures has invested in 83 companies over the last 12 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Modveon and most recent follow-on round was in StackGen.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 7 | 2 | 9 |
2023 | 3 | 1 | 4 |
2022 | 5 | 1 | 6 |
2021 | 14 | 6 | 20 |
2020 | 15 | 1 | 16 |
2019 | 3 | 0 | 3 |
2018 | 3 | 0 | 3 |
2017 | 1 | 0 | 1 |
Firebolt Ventures' Investments by Stage
Firebolt Ventures has made 27 investments in Seed stage with an average round size of $6.66M, 20 investments in Series A stage with an average round size of $15.8M, 6 investments in Series B stage with an average round size of $28.4M and 4 investments in Series C stage with an average round size of $128M.Stage of entry | No. of Investments |
|---|---|
Seed | 27 |
Series A | 20 |
Series B | 6 |
Series C | 4 |
Note: We have considered here, only first round of investments
Firebolt Ventures' Investments by Sector
Firebolt Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Enterprise Infrastructure, High Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 81 Tech companies, 65 Enterprise (B2B) companies, 64 Software companies and at least 39 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 43 |
FinTech | 15 |
Enterprise Infrastructure | 14 |
High Tech | 14 |
Artificial Intelligence - Industry Applications | 10 |
Others | 59 |
Note: We have considered here, only first round of investments
Firebolt Ventures' Investments by Geography
Firebolt Ventures has made most investments in United States (48), followed by India where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 48 |
India | 6 |
Canada | 1 |
Poland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Firebolt Ventures' recent investments
Firebolt Ventures has made 1 investments in 2026 so far - Modveon.Here are the most recent investments by Firebolt Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 09, 2026 | United States | Series A | 6741 | [+2] | |
Oct 24, 2025 | United States | Seed | 2658 | [+5] | |
Sep 16, 2025 | United States | Series C | 6281 | [+3] | |
Sep 17, 2024 | United States | Seed | 5587 | [+2] | |
Sep 12, 2024 | United States | Series A | 9975 | [+3] |
Unicorns in Firebolt Ventures' Portfolio
Firebolt Ventures has 11 unicorns in its portfolio - Multiverse, Caribou, Cloud Walk and others. The most recent unicorn in their portfolio is Multiverse. It became a unicorn in 2022, 4 years before Firebolt Ventures first invested in it.Here is a list of unicorns in Firebolt Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Provider of professional apprenticeship programs for data and technology skills | 2016 | London | Series D | obhspbv | ||
58 | Online comparison platform for auto insurance | 2016 | Washington, DC | Series C | acpvloj | ||
64 | Developer of a blockchain and a platform for payment solutions | 2013 | - | Series C | hynrelz | ||
74 | Employer-enabled retirement planning | 2015 | San Francisco | Series E | xwdllpg | ||
83 | Provider of a comprehensive online platform offering a range of financial services | 2017 | San Francisco | Series D | lmfyvdc |
IPOs and Publicly Listed companies in Firebolt Ventures' Portfolio
1 of Firebolt Ventures' portfolio company became public - Figma. It got listed on the New York Stock Exchange (NYSE), in Jul 2025 at marketcap of $13.5BHere are Firebolt Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 31, 2025 | - | - | 1099 |
Acquired companies in Firebolt Ventures' Portfolio
15 companies from Firebolt Ventures' portfolio have been acquired. The most recent acquisition was Whiz in May 2025 by IQVIA for $*****.Here are Firebolt Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 01, 2025 | Jun 19, 2020 | Seed | 8815 | |
Mar 27, 2025 | Mar 18, 2021 | Series B | 5921 | |
Mar 17, 2025 | Jan 16, 2020 | Series A | 7361 | |
Jun 27, 2023 | Feb 19, 2020 | Seed | 4536 | |
Dec 12, 2022 | - | - | 6822 |
Team profile of Firebolt Ventures
Firebolt Ventures has a team of 7 members including 2 Partners and 2 Principals located in United States. Firebolt Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Firebolt Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Stanford | - | ||
Principal | Washington, DC | - | - | |
Principal | - | - | - |
Co-investors of Firebolt Ventures
Over the past 12 years, 694 investors have co-invested in Firebolt Ventures's portfolio companies. This includes funds and angels.
- Invested before Firebolt Ventures: Social Capital, CMFG Ventures and 240 others have invested in rounds before Firebolt Ventures. There are 2 companies where Social Capital has invested before Firebolt Ventures and 2 companies where CMFG Ventures has invested before Firebolt Ventures.
- Top Co-investors of Firebolt Ventures: 288 investors entered a company along with Firebolt Ventures. These include investors like Gokul Rajaram (8 companies).
- Invested after Firebolt Ventures: A total of 164 investors have invested in Firebolt Ventures's portfolio after their investments. Top Investors include Salesforce Ventures (3 companies), Rocketship (2 companies) and Cisco Investments (2 companies).
Recent News related to Firebolt Ventures
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Modveon Secures $10 Million in FundingMassinvestor•Feb 10, 2026•Humla, SCV, Firebolt Ventures, Coinbase and 1 other
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Modveon Raises $10 Million to Build a Verified Operating System for Governments and CitizensBusiness Wire•Feb 09, 2026•Modveon, Humla, SCV, Firebolt Ventures and 1 other
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Spectro Cloud Closes $75m Series C Led by Growth Equity at Goldman Sachs AlternativesFinancial Post•Nov 19, 2024•Spectro Cloud, Goldman Sachs, Growth Equity Interview Guide, Kubernetes and 11 others
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StackGen: Infrastructure From Code Company Raises $12.3 Million (Seed)Pulse 2.0•Sep 17, 2024•StackGen, Thomvest Ventures, Firebolt Ventures, WestWave Capital and 1 other
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Wealth Closes $30M Series A Funding Round, Led by GV, to Further Modernize Estate PlanningBusiness Wire•Sep 16, 2024•Wealth, Google Ventures, Citi, Outpost Ventures and 3 others
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Planera raises $13.5M to help solve the gnarly problem of scheduling for construction contractorsTechCrunch+•Aug 27, 2024•Planera, Sierra Ventures, Sorenson Capital, Brick & Mortar Ventures and 2 others
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GenAI Startup Zingly Secured $10M to Upend CX Waiting on HoldStartupHub.ai•Jun 05, 2024•Zingly, Burst Capital, Firebolt Ventures, Array Ventures and 7 others
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Simbian.ai Emerges From Stealth With $10 Millionsvdaily.com•Apr 12, 2024•Simbian, Cota Capital, Icon Ventures, Firebolt Ventures and 3 others
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Ema has raised USD 25 Million in fresh funding round led by Accel, and others.Enablers•Mar 06, 2024•Firebolt Ventures, Maum Capital Group Inc, Frontier Ventures, AME Cloud Ventures and 13 others
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Reken’s $10 Million Seed RoundGlobal Legal Chronicle•Feb 21, 2024•Goodwin, Greycroft, FPV Ventures, Reken and 9 others
