About Herald Investment Management
Herald Investment Management is a venture capital firm founded in 1993. It is primarily based out of London, United Kingdom. As of Aug 2025, Herald Investment Management has invested in 396 companies. It primarily invests in Series B round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Post IPO round of Median Overall, Herald Investment Management portfolio has seen 253 IPOs and 112 acquisitions including key companies like Atlassian, Amazon and Ather Energy. A lot of funds co-invest with Herald Investment Management, with names like Caladium Investment sharing a substantial percentage of its portfolio. Herald Investment Management has team of 14 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Post IPO, Series B & 4 more
Portfolio IPOs
Portfolio Acquisitions
Herald Investment Management's List of Top Investments
Herald Investment Management has a portfolio of 396 companies. Their most notable investmentis in CriticalBlueTheir portfolio spans across United Kingdom, United States, Australia and 25 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 36 other sectors, across stages such as Post IPO, Series B and 4 more. Here is the list of top investments by Herald Investment Management:1. Atlassian
Developer of collaboration software and tools for various professional teams. The company provides project management, knowledge sharing, and IT service management solutions. It offers tools for software development, strategic planning, and team communication. The software supports agile methodologies, bug tracking, and DevOps practices. The company aims to enhance team productivity and streamline workflows across different industries.
Key facts about Atlassian
- Founded Year: 2002
- Location: Sydney (Australia)
- Annual Revenue: $1B+ as on Jun 30, 2025
- Stage: Public
- Total Funding till date: $210M
- Employee Count: 21,025 as on Jun 30, 2026
- Investors: T. Rowe Price, Herald Investment Management and 5 Others
- Latest Funding Round: Grant (prize money), Sep 09, 2020, $*****
- Highlight: Public
2. Amazon
Online marketplace and cloud computing provider. It provides a platform for purchasing diverse goods, from digital media and devices to apparel and food items. The platform offers options such as subscription services, digital content, and various shopping programs. It also facilitates transactions through different payment methods and gift options.
Key facts about Amazon
- Founded Year: 1994
- Location: Seattle (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $8M
- Employee Count: 780,710 as on Jun 30, 2026
- Investors: 2020 Ventures, Berkshire Hathaway and 47 Others
- Latest Funding Round: Post IPO, Mar 22, 2013, $*****
- Highlight: Public
3. Ather Energy
Manufacturer of smart electric scooters with connected software, charging infrastructure, and ecosystem services. Its product lineup includes models like the Ather 450 series and Rizta, supported by a connected software platform that enables navigation, ride intelligence, diagnostics, and over-the-air updates. It operates an integrated EV ecosystem that includes fast-charging infrastructure, smart accessories such as connected helmets, and Battery-as-a-Service (BaaS) models that reduce upfront ownership costs. It also provides digital services like ride analytics, smart dashboard features, and charging network access to enhance user experience.
Key facts about Ather Energy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $502M
- Employee Count: 1,917 as on Mar 31, 2026
- Investors: Herald Investment Management, ADIA and 39 Others
- Latest Funding Round: Post IPO, Jul 21, 2026, $*****
- Highlight: Public
4. Apple
Technology company and product innovator developing consumer electronics. The firm designs smartphones, personal computers, tablets, wearables, and related hardware alongside proprietary operating systems and productivity applications. It provides integrated ecosystems including cloud computing, digital media distribution, payment processing, and enterprise software solutions. Services encompass content streaming platforms, mobile app marketplaces, augmented reality frameworks, and professional creative software suites. Continuous platform evolution maintains seamless hardware-software integration across personal computing and professional segments.
Key facts about Apple
- Founded Year: 1976
- Location: Cupertino (United States)
- Annual Revenue: $1B+ as on Sep 28, 2024
- Stage: Public
- Employee Count: 181,922 as on Apr 30, 2026
- Investors: 2020 Ventures, Berkshire Hathaway and 40 Others
- Latest Funding Round: Post IPO, Dec 25, 2020, $*****
- Highlight: Public
5. Qualcomm
Provider of semiconductor products and wireless technology solutions powering mobile communications. It specializes in creating semiconductors, software, and services related to wireless technology, addressing major industries such as manufacturing, automotive, and education. It technology breakthroughs focus on intelligent computing, enabling the development of on-device AI, high-performance computing, and low-power consumption. Its offerings range from chipsets and software development kits to cloud-based platforms, supporting the growth of various sectors, including 5G, automotive, and IoT.
Key facts about Qualcomm
- Founded Year: 1985
- Location: San Diego (United States)
- Annual Revenue: $1B+ as on Sep 30, 2025
- Stage: Public
- Employee Count: 57,644 as on Jun 30, 2026
- Investors: Western Technology Investment, Greyrock Investments and 20 Others
- Latest Funding Round: Grant (prize money), Nov 01, 2018, $*****
- Highlight: Public
Herald Investment Management's Year-on-Year Investment Trends
Herald Investment Management has invested in 398 companies over the last 22 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Median and most recent follow-on round was in Ather Energy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 1 | 1 | 2 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
2017 | 2 | 0 | 2 |
Herald Investment Management's Investments by Stage
Herald Investment Management has made 7 investments in Post IPO stage with an average round size of $7.38M, 3 investments in Series B stage with an average round size of $7.78M and 2 investments in Series E stage with an average round size of $64.6M.Stage of entry | No. of Investments |
|---|---|
Post IPO | 7 |
Series B | 3 |
Series E | 2 |
PE | 1 |
Series A | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Herald Investment Management's Investments by Sector
Herald Investment Management has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Business Services and Energy Tech. Notably, it has invested in 312 Enterprise (B2B) companies, 262 Tech companies, 179 Software companies and at least 112 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
High Tech | 4 |
Enterprise Infrastructure | 3 |
Business Services | 2 |
Energy Tech | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
Herald Investment Management's Investments by Geography
Herald Investment Management has made most investments in United Kingdom (6), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
United Kingdom | 6 |
United States | 6 |
France | 1 |
India | 1 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Herald Investment Management's recent investments
Herald Investment Management has not made any investment in 2026 so far.Here are the most recent investments by Herald Investment Management:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 01, 2025 | France | Post IPO | 6374 | [+5] | |
Sep 05, 2023 | India | Series E | 7875 | [+3] | |
May 18, 2022 | India | Series E | 9875 | [+4] | |
Jan 14, 2022 | India | Series E | 7211 | [+5] | |
Nov 25, 2019 | United States | Post IPO | 8640 | [+2] |
IPOs and Publicly Listed companies in Herald Investment Management's Portfolio
253 of Herald Investment Management's portfolio companies have become public. Ather Energy got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in May 2025 at marketcap of $1.42B and Pelatro got listed on the National Stock Exchange (NSE) at marketcap of $24.9M.Here are Herald Investment Management's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2025 | Jan 14, 2022 | Series E | 1563 | |
Sep 24, 2024 | - | - | 3293 | |
Jan 27, 2022 | - | - | 9288 | |
Sep 28, 2021 | - | - | 1446 | |
May 24, 2021 | - | - | 6635 |
Acquired companies in Herald Investment Management's Portfolio
112 companies from Herald Investment Management's portfolio have been acquired. The most recent acquisition was Medallia in Jun 2026 by Blackstone for $*****.Here are Herald Investment Management's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 18, 2026 | - | - | 3624 | |
Apr 21, 2026 | - | - | 5448 | |
Apr 08, 2026 | - | - | 5558 | |
Jan 21, 2026 | - | - | 3040 | |
Oct 28, 2025 | - | - | 1830 |
Team profile of Herald Investment Management
Herald Investment Management has a team of 14 members including 4 Partners and 4 Principals located in United Kingdom and United States. Herald Investment Management's team does not sit on the board of any company as of now.Here is a list of top team members in Herald Investment Management:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Miami | - | ||
Partner | New York City | - | ||
Partner | United Kingdom | - | - | |
Partner | London | - | - | |
Principal | London | - | ||
Principal | - | - | - | |
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of Herald Investment Management
Over the past 22 years, 83 investors have co-invested in Herald Investment Management's portfolio companies. This includes funds and angels.
- Invested before Herald Investment Management: Hero MotoCorp, Innoven Capital and 31 others have invested in rounds before Herald Investment Management. There is 1 company where Hero MotoCorp has invested before Herald Investment Management and 1 company where Innoven Capital has invested before Herald Investment Management.
- Top Co-investors of Herald Investment Management: 25 investors entered a company along with Herald Investment Management. These include investors like Caladium Investment (1 company).
- Invested after Herald Investment Management: A total of 25 investors have invested in Herald Investment Management's portfolio after their investments. Top Investors include Scottish Enterprise (2 companies), GIC (1 company) and Abhishek Venkatraman (1 company).
Recent News related to Herald Investment Management
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Herald Investment Trust Board Builds Cash War Chest Amid Saba StandoffBusiness News Today•Mar 27, 2026•Herald Investment Management
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Herald Investment total return climbs but notes volatility in techShareprices•Feb 23, 2026•Herald Investment Management
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Radware Ltd. $RDWR Shares Sold by Herald Investment Management LtdMarketBeat•Oct 06, 2025•Herald Investment Management, Radware
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