About Highway 12 Ventures
Highway 12 Ventures is a venture capital firm founded in 2001. It is primarily based out of Boise, United States. As of Mar 2015, Highway 12 Ventures has invested in 24 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 High Tech and Consumer. Most recently it participated in the $***** Series C round of Lendio Overall, Highway 12 Ventures portfolio has seen 1 IPO and 15 acquisitions including key companies like Cradlepoint, SendGrid and SynCardia. A lot of funds co-invest with Highway 12 Ventures, with names like Village Ventures sharing a substantial percentage of its portfolio. Highway 12 Ventures has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Highway 12 Ventures' List of Top Investments
Highway 12 Ventures has a portfolio of 24 companies. Their most notable investments are in Lendio and Everlater.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Consumer and 13 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by Highway 12 Ventures:1. Sphero
Sphero designs and manufactures Sphero, a smartphone-controlled robotic gaming ball connected via Bluetooth. Sphero is a small, self-propelled ball with a built-in gyroscope, accelerometer, and Bluetooth. Has released its SDK for developers to build applications or connect their pre-built applications with the robotic ball. The company has created many applications for the device, available for free. Also designed a tubular smartphone-controlled robot called Ollie, that is engineered for speed, play, and race.
Key facts about Sphero
- Founded Year: 2010
- Location: Boulder (United States)
- Stage: Series D
- Total Funding till date: $112M
- Employee Count: 106 as on Aug 31, 2026
- Investors: Mercato Partners, firmgroupsinc.com and 10 Others
- Latest Funding Round: Series D, Jun 11, 2020, $*****
- Highlight: Editors' Pick
2. Lendio
Lendio is an online lending marketplace for business loans. It offers loans such as equipment financing, credit lines, short-term loans, accounts receivable financing, merchant cash advance, acquisition loans, and more. It also provides tools for calculating loan amounts according to interest rates & loan terms.
Key facts about Lendio
- Founded Year: 2011
- Location: Lehi (United States)
- Stage: Series E
- Total Funding till date: $82M
- Employee Count: 436 as on Aug 31, 2026
- Investors: Napier Park Global Capital, Square 1 Bank and 20 Others
- Latest Funding Round: Series E, Nov 09, 2020, $*****
- Highlight: Editors' Pick
3. Cradlepoint
Provider of wireless wide area network and private cellular solutions. The company offers routers, adapters, and radios. It provides private and enterprise coverage solutions. Additionally, the company offers security access service edge.
Key facts about Cradlepoint
- Founded Year: 2004
- Location: Boise (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $155M
- Employee Count: 692 as on Mar 31, 2026
- Investors: Frazier VC, Delta-v Capital and 10 Others
- Latest Funding Round: Series C, Mar 09, 2017, $*****
- Highlight: Acquired
4. SendGrid
Email API and marketing campaigns for reliable email delivery. It provides a suite of tools designed to enhance customer engagement and increase ROI through effective email communication. The platform offers both an Email API, trusted for reliable email delivery at scale, and Email Marketing Campaigns, a suite of tools to create engaging campaigns. Features include SMTP Service, Email Validation, Deliverability Insights, Dynamic Templates, and a 5-minute Integration process. For marketers, the platform provides Email Automation, Signup Forms, Email Testing, Email Design, Email Templates, and Email Statistics. Expert Services are also available, offering set-up assistance, delivery help, and ongoing consulting. It provides resources and support, including guides, a blog, customer help resources, a knowledge center, and API references. The platform supports multiple programming languages with featured libraries and offers solutions for developers, startups, marketers, enterprises, and e-commerce businesses. It is a cloud-based platform offering subscription and pricing plans.
Key facts about SendGrid
- Founded Year: 2009
- Location: Boulder (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $83.5M
- Employee Count: 40 as on Dec 21, 2025
- Investors: K2 Global, Stock Capital Banker and 24 Others
- Latest Funding Round: Series D, Nov 29, 2016, $*****
- Highlight: Acquired
5. SynCardia
SynCardia Systems has developed a temporary total artificial heart in two sizes - 70cc and 50cc. The 70cc product is FDA approved both as a destination therapy and a bridge to transplant. SynCardia also provides a portable driver, which powers the SynCardia Heart while allowing clinically stable patients to be discharged from the hospital to live at home. It claims to have over 1,400 implants accounting for more than 400 patient years. The company filed for an IPO in Aug 2015 and withdrew its application two months later.
Key facts about SynCardia
- Founded Year: 2001
- Location: Tucson (United States)
- Stage: Public
- Total Funding till date: $72M
- Employee Count: 83 as on Aug 31, 2026
- Investors: Athyrium Capital Management, SWK Holdings and 5 Others
- Latest Funding Round: Series E, Apr 21, 2015, $*****
- Highlight: Public
Highway 12 Ventures' Investments by Stage
Highway 12 Ventures has made 9 investments in Series A stage with an average round size of $4.17M, 6 investments in Series B stage with an average round size of $5.35M, 2 investments in Seed stage with an average round size of $1.12M, 1 investment in Series D stage with an average round size of $10.3M and 1 investment in Unattributed stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Series B | 6 |
Seed | 2 |
Series D | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Highway 12 Ventures' Investments by Sector
Highway 12 Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Real Estate and Construction Tech, Consumer and Enterprise Infrastructure. Notably, it has invested in 20 Tech companies, 19 Enterprise (B2B) companies, 11 Software companies and at least 7 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
HealthTech | 3 |
Real Estate and Construction Tech | 3 |
Consumer | 2 |
Enterprise Infrastructure | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
Highway 12 Ventures' Investments by Geography
Highway 12 Ventures has made most investments in United States (19).Highway 12 Ventures' recent investments
Highway 12 Ventures has not made any investment in 2026 so far.Here are the most recent investments by Highway 12 Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 27, 2015 | United States | Series C | 1675 | ||
May 09, 2014 | United States | Series C | 2326 | [+1] | |
Jan 28, 2014 | United States | Series B | 7930 | [+3] | |
Aug 21, 2013 | United States | Series B | 1072 | ||
Jun 14, 2013 | United States | Series B | 3089 | [+2] |
IPOs and Publicly Listed companies in Highway 12 Ventures' Portfolio
1 of Highway 12 Ventures' portfolio company became public - SynCardia. It got listed on the New York Stock Exchange (NYSEMKT), in Aug 2025 at marketcap of $289MHere are Highway 12 Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 29, 2025 | Jun 24, 2009 | Series D | 7822 |
Acquired companies in Highway 12 Ventures' Portfolio
15 companies from Highway 12 Ventures' portfolio have been acquired. The most recent acquisition was Venafi in May 2024 by CyberArk for $*****.Here are Highway 12 Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 20, 2024 | - | - | 9317 | |
Jul 12, 2023 | Jan 01, 2008 | Series B | 7427 | |
Oct 26, 2022 | Jun 21, 2010 | Series A | 2445 | |
Jan 18, 2022 | Nov 28, 2007 | Unattributed | 9180 | |
Sep 18, 2020 | Apr 01, 2011 | Series B | 9433 |
Team profile of Highway 12 Ventures
Highway 12 Ventures has a team of 3 members including 2 Partners and 1 Venture Partner located in United States. Highway 12 Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Highway 12 Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boise | - | - | |
Partner | Boise | - | - | |
Venture Partner | Boise | - | - |
Co-investors of Highway 12 Ventures
Over the past 24 years, 87 investors have co-invested in Highway 12 Ventures's portfolio companies. This includes funds and angels.
- Invested before Highway 12 Ventures: Techstars, Foundry and 2 others have invested in rounds before Highway 12 Ventures. There are 3 companies where Techstars has invested before Highway 12 Ventures and 1 company where Foundry has invested before Highway 12 Ventures.
- Top Co-investors of Highway 12 Ventures: 21 investors entered a company along with Highway 12 Ventures. These include investors like Village Ventures (7 companies).
- Invested after Highway 12 Ventures: A total of 62 investors have invested in Highway 12 Ventures's portfolio after their investments. Top Investors include Mercato Partners (2 companies), Pelion Venture Partners (2 companies) and Grishin Robotics (1 company).
Recent News related to Highway 12 Ventures
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Lendio raises $20.5M to advance small business loan marketplace : Silicon SlopesSiliconslopes•Mar 24, 2015•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Pivot Investment Partners and 4 others
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Lendio Raises $20.5 Million to Advance Small Business LoansLendio•Mar 24, 2015•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Pivot Investment Partners and 4 others
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Lendio Raises $20.5M in Funding |FinSMEsFinSMEs•Mar 24, 2015•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Pivot Investment Partners and 4 others
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Lendio Taps Napier Park in $20.5 Million Fundraising for Growth - BloombergBloomberg•Mar 24, 2015•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Pivot Investment Partners and 4 others
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Sphero Robot Maker Orbotix Raises $15.5 Million - RecodeRecode•May 02, 2014•Sphero, Foundry Group, Highway 12 Ventures, Grishin Robotics
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Lendio Raises $4.5M in Series B Funding |FinSMEsFinSMEs•Aug 28, 2013•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Runa Capital
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Lendio Secures $4.5 Million Series B Round of Funding PRWeb•Aug 28, 2013•Lendio, Highway 12 Ventures, Tribeca Venture Partners, Runa Capital
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Kapost Press Release Jan. 2012SlideShare•Jan 12, 2012•Kapost, Circle P Capital, Highway 12 Ventures, High Country Ventures
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Leading Technology Media Publisher TechMediaNetwork, Inc. Secures $33 Million Investment to Boost Acquisition Activity and Broaden Reach | Business WireBusiness Wire•Sep 26, 2011•Purch, ABS Capital, Highway 12 Ventures, Village Ventures
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Technology Media Publisher TechMediaNetwork Raises $33 Million – TechCrunchTechCrunch+•Sep 26, 2011•Purch, ABS Capital, Highway 12 Ventures, Village Ventures
