About Floodgate
Floodgate is a venture capital firm founded in 2005. It is primarily based out of Menlo Park, United States. As of Dec 2025, Floodgate is an active investor, having invested in 249 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 High Tech. Most recently it participated in the $***** Seed round of Efex Overall, Floodgate portfolio has seen 8 unicorns, 7 IPOs and 84 acquisitions including key companies like Lyft, Okta and Twitch. A lot of funds co-invest with Floodgate, with names like First Round Capital sharing a substantial percentage of its portfolio. Floodgate has team of 8 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Soonicorns
Floodgate's List of Top Investments
Floodgate has a portfolio of 249 companies, including 8 unicorns. Their most notable investments are in Arch and Shipper.Their portfolio spans across United States, Canada, China and 5 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 30 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Floodgate:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, SeedFord Partners and 161 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. Okta
Provider of identity management solutions for workforces, customers, and AI. The company delivers platforms securing various identities within an identity security fabric. It offers solutions by identity type and industry. The company provides resources, support, and developer tools.
Key facts about Okta
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $228M
- Employee Count: 7,525 as on May 31, 2026
- Investors: Glynn Capital, Scheuermann Investment and 13 Others
- Latest Funding Round: Post IPO, Feb 21, 2018, $*****
- Highlight: Public
3. Twitch
ESports social video streaming platform. It offers content such as live and recorded games from leagues and tournaments. Its features include content viewing, channel creation, live chat, and revenue generation for streamers.
Key facts about Twitch
- Founded Year: 2006
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $35.1M
- Employee Count: 14,670 as on May 31, 2026
- Investors: Linfluence Tech, Floodgate and 15 Others
- Latest Funding Round: Series C, Sep 30, 2013, $*****
- Highlight: Acquired
4. X
Platform that aggregates and curates a wide range of content, including news, entertainment, and opinions. It is an online platform providing real-time news, entertainment, and commentary to its audience, featuring a wide range of topics including breaking news, sports, politics, and more. The platform also allows for live commentary and engagement with users, as well as hosting conversations with notable figures and thought leaders.
Key facts about X
- Founded Year: 1999
- Location: Bastrop (United States)
- Annual Revenue: $1B+ as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.14B
- Employee Count: 11,858 as on May 31, 2026
- Investors: TrueBridge, SeedFord Partners and 86 Others
- Latest Funding Round: Post IPO, Mar 20, 2025, $*****
- Highlight: Acquired
5. Sonos
Manufacturer of wireless speakers, home sound systems, and audio components. The company designs speakers with acoustics and software. It offers products for creating sound systems, pairing speakers, and building surround sound systems. The company provides an application for setup and control of audio streaming.
Key facts about Sonos
- Founded Year: 2002
- Location: Santa Barbara (United States)
- Annual Revenue: $1B+ as on Sep 30, 2025
- Stage: Public
- Total Funding till date: $296M
- Employee Count: 1,840 as on May 31, 2026
- Investors: eversourcecap.com, Floodgate and 12 Others
- Latest Funding Round: Series E, Dec 02, 2014, $*****
- Highlight: Public
Floodgate's Year-on-Year Investment Trends
Floodgate has invested in 250 companies over the last 21 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 7 investments. Its most recent first time investment was in Efex and most recent follow-on round was in Replenysh.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 6 | 1 | 7 |
2024 | 10 | 0 | 10 |
2023 | 3 | 0 | 3 |
2022 | 8 | 5 | 13 |
2021 | 6 | 6 | 12 |
2020 | 9 | 4 | 13 |
2019 | 12 | 2 | 14 |
2018 | 10 | 2 | 12 |
2017 | 6 | 2 | 8 |
Floodgate's Investments by Stage
Floodgate has made 93 investments in Seed stage with an average round size of $4.02M, 78 investments in Series A stage with an average round size of $10.7M, 17 investments in Series B stage with an average round size of $25.9M, 6 investments in Series C stage with an average round size of $35.9M and 1 investment in Unattributed stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Seed | 93 |
Series A | 78 |
Series B | 17 |
Series C | 6 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Floodgate's Investments by Sector
Floodgate has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Enterprise Infrastructure, High Tech and Media & Entertainment. Notably, it has invested in 229 Tech companies, 162 Enterprise (B2B) companies, 151 Software companies and at least 101 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 93 |
Consumer | 55 |
Enterprise Infrastructure | 22 |
High Tech | 22 |
Media & Entertainment | 22 |
Others | 181 |
Note: We have considered here, only first round of investments
Floodgate's Investments by Geography
Floodgate has made most investments in United States (186), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 186 |
Canada | 2 |
Germany | 1 |
Indonesia | 1 |
Israel | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Floodgate's recent investments
Floodgate has not made any investment in 2026 so far.Here are the most recent investments by Floodgate:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 18, 2025 | United States | Seed | 7026 | [+2] | |
Oct 21, 2025 | - | Seed | 4490 | [+3] | |
Aug 27, 2025 | United States | Seed | 1095 | [+1] | |
May 02, 2025 | United States | Series A | 2156 | [+2] | |
Apr 08, 2025 | United States | Seed | 9267 | [+9] |
Unicorns in Floodgate's Portfolio
Floodgate has 8 unicorns in its portfolio - Egnyte, SnapLogic, StarkWare and others. The most recent unicorn in their portfolio is Egnyte. It became a unicorn in 2025, 15 years after Floodgate first invested in it.Here is a list of unicorns in Floodgate's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Platform that offers data governance and file sharing solutions | 2006 | Mountain View | Series F | mettrvk | ||
60 | AI based platform offering ipaas solution | 2006 | San Mateo | Series G | fcyfkea | ||
70 | Blockchain-based platform offers zero-knowledge proof roll-up solutions | 2017 | Netanya | Series D | {mvdszd | ||
64 | Online insurance comparison platform for individuals | 2012 | Austin | Series D | gehtiya | ||
68 | Developer of vehicle software, simulation, validation, and autonomy AI stacks | 2017 | Sunnyvale | Series F | dxsrign |
IPOs and Publicly Listed companies in Floodgate's Portfolio
7 of Floodgate's portfolio companies have become public. Merlin Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2026 and Complete Solar got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Floodgate's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 17, 2026 | May 26, 2021 | Series B | 5976 | |
Apr 19, 2021 | Jul 26, 2011 | Series A | 9600 | |
Aug 05, 2020 | Sep 05, 2012 | Series B | 6127 | |
Mar 29, 2019 | Aug 23, 2010 | Seed | 8089 | |
Aug 02, 2018 | - | - | 5361 |
Acquired companies in Floodgate's Portfolio
84 companies from Floodgate's portfolio have been acquired. The most recent acquisition was Lume AI in Mar 2026 by Harvey for $*****.Here are Floodgate's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 06, 2026 | Nov 12, 2024 | Seed | 8799 | |
Jan 21, 2026 | Jul 12, 2022 | Seed | 9437 | |
Jul 31, 2025 | Feb 06, 2018 | Seed | 2170 | |
May 08, 2025 | Jul 11, 2016 | Series A | 6876 | |
Apr 08, 2025 | May 09, 2019 | Seed | 1452 |
Team profile of Floodgate
Floodgate has a team of 8 members including 3 Partners located in United States. Floodgate's team does not sit on the board of any company as of now.Here is a list of all team members in Floodgate:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | - | - | |
Partner | Palo Alto | - | - | |
Partner | San Francisco | - | - |
Co-investors of Floodgate
Over the past 21 years, 1080 investors have co-invested in Floodgate's portfolio companies. This includes funds and angels.
- Invested before Floodgate: Y Combinator, Mike Maples and 126 others have invested in rounds before Floodgate. There are 11 companies where Y Combinator has invested before Floodgate and 4 companies where Mike Maples has invested before Floodgate.
- Top Co-investors of Floodgate: 462 investors entered a company along with Floodgate. These include investors like First Round Capital (21 companies).
- Invested after Floodgate: A total of 490 investors have invested in Floodgate's portfolio after their investments. Top Investors include Google Ventures (6 companies), Sequoia Capital (5 companies) and Insight Partners (5 companies).
Recent News related to Floodgate
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EFEX Raises $8M Seed Round to Enhance Global Treasury Platform in Mexico and the USPRO Network•Feb 19, 2026•PayPal Ventures, Efex, Nido Ventures, Contour Venture Partners and 2 others
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Wavedash secures $4.3M seed investment led by Floodgate’s Mike Maples Jr.Mobidictum•Dec 16, 2025•Floodgate,
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News Magic secures $10m seed funding to boost hospitality AIVerdict Food Service•Oct 21, 2025•VCR, Bling Capital, Lerer Hippeau, Magic and 4 others
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Replenysh Raises $8M in Series A FundingFinSMEs•May 02, 2025•Replenysh, M13 Company, Incite, Kindred Ventures and 1 other
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Plug Secures $6.7 Million in Seed Funding and Launches EV Trade-in Solutionintelligence360•Apr 18, 2025•Plug, Floodgate, Autotech Ventures, Leap Forward Ventures and 4 others
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SalesRevv Raises $3.2M for AI-Powered Fitness Sales AgentsAthletech News•Mar 24, 2025•SalesRevv, RTP Global, Floodgate
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AI legal tech startup Eudia raises $105M Series A to boost legal work.intelligence360•Feb 25, 2025•Eudia, General Catalyst, Floodgate, Sierra Ventures and 6 others
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AI legal tech startup Eudia raises $105M Series A to boost legal work.AiThority•Feb 13, 2025•General Catalyst, Floodgate, Sierra Ventures, Hakluyt Capital and 16 others
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In-House Legal AI Co. Eudia Raises Up To $105M In Series ALaw360•Feb 13, 2025•Eudia, General Catalyst, Floodgate, Sierra Ventures and 6 others
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Terradot receives $54 million in Series A fundingJinglingshuju•Dec 16, 2024•Terra.do, Ponderosa Ventures, Valor Capital Group, Gigascale Capital and 5 others
