About Fluke Venture Partners
Fluke Venture Partners is a venture capital firm founded in 1982. It is primarily based out of Kirkland, United States. As of Jun 2015, Fluke Venture Partners has invested in 31 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Life Sciences. Most recently it participated in the $***** Series D round of CarenaMD Overall, Fluke Venture Partners portfolio has seen 3 IPOs and 20 acquisitions including key companies like Starbucks, PayScale and Coinstar. A lot of funds co-invest with Fluke Venture Partners, with names like Benaroya sharing a substantial percentage of its portfolio. Fluke Venture Partners has team of 1 people including 1 partners.Key Metrics
Fluke Venture Partners' List of Top Investments
Fluke Venture Partners has a portfolio of 31 companies. Their most notable investments are in CarenaMD and NetMotion.Their portfolio spans across and United States. They have invested in Enterprise Applications, HealthTech, Life Sciences and 13 other sectors, across stages such as Series B, Series A and 4 more. Here is the list of top investments by Fluke Venture Partners:1. Starbucks
Chain of limited-service restaurants serving coffee. It purchases and roasts high-quality coffees that it sells, along with tea, snacks, grocery, and other beverages. In 2022, the company recorded annual revenues of $32.25B and a net profit of $3.28B.
Key facts about Starbucks
- Founded Year: 1971
- Location: Seattle (United States)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Employee Count: 381,000 as on Sep 30, 2025
- Investors: Black Capital Investments, Wider Sky and 12 Others
- Latest Funding Round: Post IPO, Oct 09, 2018, $*****
- Highlight: Public
2. PayScale
Offers payroll compensation management software. Its product MarketPay, a compensation survey management software with features such as automated data aggregator, reports management, survey participation, analytics, etc; InsightLab, a salary survey management solution with features such as job & market pulse management, answers analytics, job-specific data, etc; It also allows users to search and compare data related to salary based on job role, skills, industry, and school.
Key facts about PayScale
- Founded Year: 2002
- Location: Seattle (United States)
- Stage: Acquired
- Total Funding till date: $118M
- Employee Count: 744 as on Mar 31, 2026
- Investors: Sapphire Ventures, Allen & Company and 11 Others
- Latest Funding Round: Series D, Jul 12, 2017, $*****
- Highlight: Acquired
3. Coinstar
Key facts about Coinstar
- Founded Year: 1991
- Location: Bellevue (United States)
- Annual Revenue: $1B+ as on Dec 31, 2015
- Stage: Public
- Total Funding till date: $200M
- Employee Count: 609 as on Dec 29, 2025
- Investors: Prospect Capital, J P Morgan Wealth Management and 8 Others
- Latest Funding Round: Series B, 2009, $*****
- Highlight: Public
4. Sur La Table
Retailer of cookware, dinnerware, cutlery, bakeware, and offers cooking classes. It provides a curated selection of kitchen goods and culinary experiences. The company's retail operations encompass both physical stores and an online platform, offering customers convenient access to its products. In addition to its retail offerings, it conducts hands-on cooking classes designed to enhance culinary skills. These classes cater to various skill levels and interests, contributing to a comprehensive culinary experience.
Key facts about Sur La Table
- Founded Year: 1972
- Location: Brownsburg (United States)
- Stage: Acquired
- Total Funding till date: $71M
- Employee Count: 1,489 as on Nov 25, 2025
- Investors: STORY3 Capital Partners, Norwest and 4 Others
- Latest Funding Round: Conventional Debt, Nov 15, 2016, $*****
- Highlight: Acquired
5. NetMotion
NetMotion Software provides mobile security and enterprise VPN solutions. Solutions include mobile performance management, mobile VPN software, secure remote access for enterprises. Provides a scalable connection and application-aware and hardware-based VPN solution designed for office, home, or remote location users. Provides visualization tools to manage large workforces from a centralized management console. Use cases include easy scalability for businesses, sharing data, network security, and streamlining device management. The company was acquired by Clearlake Capital Group in 2012 which it sold again sold to The Carlyle Group.
Key facts about NetMotion
- Founded Year: 2001
- Location: Seattle (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $24.7M
- Employee Count: 140 as on Dec 31, 2022
- Investors: SilverHaze Partners, AHVP and 8 Others
- Latest Funding Round: Conventional Debt, Oct 11, 2016, $*****
- Highlight: Acquired
Fluke Venture Partners' Investments by Stage
Fluke Venture Partners has made 6 investments in Series B stage with an average round size of $12M, 5 investments in Series A stage with an average round size of $4.8M and 2 investments in Series D stage with an average round size of $20.7M.Stage of entry | No. of Investments |
|---|---|
Series B | 6 |
Series A | 5 |
Series D | 2 |
PE | 1 |
Seed | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Fluke Venture Partners' Investments by Sector
Fluke Venture Partners has a diverse portfolio, with companies operating in the Enterprise Applications, Energy, Enterprise Infrastructure, HealthTech and Healthcare. Notably, it has invested in 11 Enterprise (B2B) companies, 10 Tech companies, 9 Software companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Energy | 2 |
Enterprise Infrastructure | 2 |
HealthTech | 2 |
Healthcare | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Fluke Venture Partners' Investments by Geography
Fluke Venture Partners has made most investments in United States (15).Fluke Venture Partners' recent investments
Fluke Venture Partners has not made any investment in 2026 so far.Here are the most recent investments by Fluke Venture Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 09, 2015 | United States | Series D | 6789 | ||
Jan 06, 2012 | United States | Seed | 8656 | [+1] | |
Jul 05, 2011 | United States | Series D | 5839 | [+3] | |
Jun 01, 2008 | United States | Series B | 5152 | [+1] | |
Jan 09, 2008 | United States | Series C | 5237 |
IPOs and Publicly Listed companies in Fluke Venture Partners' Portfolio
3 of Fluke Venture Partners' portfolio companies have become public. Coinstar got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2016 and Cyclacel got listed on the New York Stock Exchange (NYSE) at marketcap of undefined.Here are Fluke Venture Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 22, 2016 | - | - | 9678 | |
Apr 01, 2004 | Aug 16, 2000 | Series D | 4135 | |
Jun 26, 1992 | - | - | 1789 |
Acquired companies in Fluke Venture Partners' Portfolio
20 companies from Fluke Venture Partners' portfolio have been acquired. The most recent acquisition was Redhook in Aug 2023 by Tilray for $*****.Here are Fluke Venture Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 08, 2023 | - | - | 2872 | |
Feb 15, 2023 | Mar 28, 2005 | Series B | 5359 | |
May 11, 2021 | Aug 03, 2001 | Series A | 2605 | |
Sep 24, 2020 | Oct 21, 2005 | Series B | 7025 | |
Aug 10, 2020 | Feb 24, 2000 | Series B | 5952 |
Team profile of Fluke Venture Partners
Fluke Venture Partners has a team of 1 member located in United States. Fluke Venture Partners' team does not sit on the board of any company as of now.Co-investors of Fluke Venture Partners
Over the past 26 years, 62 investors have co-invested in Fluke Venture Partners's portfolio companies. This includes only funds.
- Invested before Fluke Venture Partners: Versant Ventures, Prism Venture Partners and 7 others have invested in rounds before Fluke Venture Partners. There is 1 company where Versant Ventures has invested before Fluke Venture Partners and 1 company where Prism Venture Partners has invested before Fluke Venture Partners.
- Top Co-investors of Fluke Venture Partners: 34 investors entered a company along with Fluke Venture Partners. These include investors like Benaroya (3 companies).
- Invested after Fluke Venture Partners: A total of 19 investors have invested in Fluke Venture Partners's portfolio after their investments. Top Investors include Mercer (1 company), Sapphire Ventures (1 company) and Trinity Ventures (1 company).
Recent News related to Fluke Venture Partners
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Carena raises $13.3M for remote visits from Cambia, McKesson, and CHI | MobiHealthNewsMobiHealthNews•Jun 04, 2015•CarenaMD, Catholic Health Initiatives, Cambia Health Solutions, Martin Ventures and 4 others
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Carena Raises $13.3M in Funding |FinSMEsFinSMEs•Jun 04, 2015•CarenaMD, Catholic Health Initiatives, Cambia Health Solutions, Martin Ventures and 4 others
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Confirma, Inc. Closes $17.5 Million Financing | BioSpaceBioSpace•Jan 09, 2008•Confirma, Telegraph Hill Partners, Versant Ventures, Prism Venture Partners and 1 other
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PacStar Secures $12.3 Million in Series D FinancingPR Newswire•Jul 17, 2007•Pacific Star Communications, Chart Venture Partners, Steelpoint Capital, Fluke Venture Partners and 2 others
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PacStar Secures $12.3 Million in Series D Financing - PacStarPacific Star Communications•Jul 17, 2007•Pacific Star Communications, Chart Venture Partners, Steelpoint Capital, Fluke Venture Partners and 2 others
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Pacific Star Communications Builds Momentum With Close of Series B Financing $4.5 Million Investment Led by Fluke Venture Partners; Invest America and Benaroya Ventures Also Participate - PacStarPacific Star Communications•Oct 21, 2005•Pacific Star Communications, Benaroya, Fluke Venture Partners, InvestAmerica Venture Group
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NetMotion Wireless Inc. Secures $5 Million in Series B FundingPR Newswire•Aug 02, 2002•NetMotion, Mitsui Global Investment, Alexander Hutton, SeaPoint Ventures and 4 others
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OutStart, NetMotion Wireless
Announce Venture Rounds - WSJThe Wall Street Journal•Apr 03, 2001•NetMotion, Attachmate, SeaPoint Ventures, Fluke Venture Partners and 2 others
