About Hone Capital
Hone Capital is a venture capital firm founded in 2015. It is primarily based out of Palo Alto, United States. As of Jun 2019, Hone Capital has invested in 110 companies. It primarily invests in Seed 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 B round of Troops Overall, Hone Capital portfolio has seen 15 unicorns, 6 IPOs and 35 acquisitions including key companies like Wise, Flexport and Rippling. A lot of funds co-invest with Hone Capital, with names like Bain Capital Ventures sharing a substantial percentage of its portfolio. Hone Capital has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Unicorns
Hone Capital's List of Top Investments
Hone Capital has a portfolio of 110 companies, including 15 unicorns. Their most notable investmentis in WigWagTheir portfolio spans across United States, Mexico, United Kingdom and 2 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 27 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Hone Capital:1. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $718M
- Employee Count: 4,369 as on Mar 31, 2026
- Investors: Glynn Capital, Cross Creek and 83 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
2. Wise
Provider of international money transfer and multi-currency. It offers secure, transparent, and cost-efficient cross-border payment solutions. It provides personal accounts, business accounts, multi-currency cards, and platform APIs that enable individuals, companies, and financial institutions to send, receive, hold, and convert money globally.
Key facts about Wise
- Founded Year: 2011
- Location: Shoreditch (United Kingdom)
- Annual Revenue: £9.1K as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $1.03B
- Employee Count: 10,355 as on Apr 30, 2026
- Investors: Glynn Capital, Fidelity Investments and 116 Others
- Latest Funding Round: Venture Debt, May 19, 2021, $*****
- Highlight: Public
3. Flexport
Provider of end-to-end supply chain logistics platform. It offers ocean and air freight, trucking, and fulfillment services. The platform provides real-time shipment tracking and management tools, including customs brokerage and trade finance options. It also includes features for order management, buyer consolidation, and carbon control. The platform integrates with various e-commerce and retail partners, facilitating seamless omnichannel selling. The company aims to streamline the entire supply chain process from origin to customer delivery.
Key facts about Flexport
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.5B
- Employee Count: 2,839 as on Mar 31, 2026
- Investors: Star Tech NG, Syren Capital Advisors and 117 Others
- Latest Funding Round: Series E, Jan 19, 2024, $*****
- Highlight: Editors' Pick
4. Rippling
Cloud-based suite solution for HR management. It offers automated onboarding and offboarding solution for the organizations. The product is an employee management software solution with features such as payroll administration, employee benefits management, headcount planning, feedback surveys, shift scheduling, learning management and more. It also offer products such as workflow studio, reporting analytics, policies management and more. It is a tool available on the subscription based pricing model.
Key facts about Rippling
Developer of digital sequencing technology for cancer detection. The product Guardant360 offers real-time, biopsy-free tumor sequencing for the analysis and identification of tumor-associated treatment options. Also, it has developed analytical tools, including a tumor response map and a mobile-enabled physician portal.
Key facts about Guardant Health
- Founded Year: 2012
- Location: Redwood City (United States)
- Annual Revenue: $982M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $557M
- Employee Count: 4,335 as on Mar 31, 2026
- Investors: Orbimed, Acquisition Group and 25 Others
- Latest Funding Round: Post IPO, Nov 05, 2025, $*****
- Highlight: Public
Hone Capital's Year-on-Year Investment Trends
Hone Capital has invested in 110 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Troops and most recent follow-on round was in Blendid.Hone Capital's Investments by Stage
Hone Capital has made 2 investments in Seed stage with an average round size of $2.14M, 1 investment in Series A stage with an average round size of $7M and 1 investment in Series B stage with an average round size of $12M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Hone Capital's Investments by Sector
Hone Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Real Estate and Construction Tech, Energy Tech and Environment Tech. Notably, it has invested in 107 Tech companies, 82 Enterprise (B2B) companies, 73 Software companies and at least 42 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 2 |
Enterprise Applications | 2 |
Real Estate and Construction Tech | 2 |
Energy Tech | 1 |
Environment Tech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Hone Capital's Investments by Geography
Hone Capital has made most investments in United States (4).Hone Capital's recent investments
Hone Capital has not made any investment in 2026 so far.Here are the most recent investments by Hone Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 05, 2019 | United States | Series B | 6170 | [+6] | |
Apr 28, 2017 | United States | Seed | 9597 | [+2] | |
Feb 12, 2016 | United States | Seed | 4206 | - | |
Dec 29, 2015 | United States | Series A | 6604 | ||
- | United States | Series A | 4571 |
Unicorns in Hone Capital's Portfolio
Hone Capital has 15 unicorns in its portfolio - Juniper Square, Roofstock, Clara and others. The most recent unicorn in their portfolio is Juniper Square. It became a unicorn in 2025.Here is a list of unicorns in Hone Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Platform for real estate investment management | 2014 | San Francisco | Series D | gng{vvw | ||
71 | Online platform for real estate investments | 2015 | Oakland | Series E | i{dre{y | ||
67 | An end-to-end corporate payment solution for companies | 2014 | Cuauhtemoc | Series B | dcuohad | ||
72 | Digital platform that connects senior members with caregivers | 2017 | Miami | Series D | chhpvvi | ||
72 | Provider of automated personalized trigger-based email marketing | 2013 | New York City | Series E | iqlavlw |
IPOs and Publicly Listed companies in Hone Capital's Portfolio
6 of Hone Capital's portfolio companies have become public. BioAge Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2024 at marketcap of $615M and Weave got listed on the New York Stock Exchange (NYSE) at marketcap of $1.51B.Here are Hone Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | - | - | 3401 | |
Nov 11, 2021 | - | - | 9514 | |
Jul 07, 2021 | - | - | 1733 | |
May 14, 2021 | - | - | 6289 | |
Oct 04, 2018 | - | - | 2092 |
Acquired companies in Hone Capital's Portfolio
35 companies from Hone Capital's portfolio have been acquired. The most recent acquisition was CareRev in Jan 2026 by IntelyCare for $*****.Here are Hone Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2026 | - | - | 7557 | |
Aug 27, 2025 | - | - | 4917 | |
Jul 01, 2025 | - | - | 9365 | |
Mar 21, 2025 | - | - | 8482 | |
Apr 19, 2024 | - | - | 4360 |
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Team profile of Hone Capital
Hone Capital has a team of 2 members located in United States. Hone Capital's team does not sit on the board of any company as of now.Co-investors of Hone Capital
Over the past 11 years, 41 investors have co-invested in Hone Capital's portfolio companies. This includes funds and angels.
- Invested before Hone Capital: Khosla Ventures, QED Investors and 13 others have invested in rounds before Hone Capital. There is 1 company where Khosla Ventures has invested before Hone Capital and 1 company where QED Investors has invested before Hone Capital.
- Top Co-investors of Hone Capital: 5 investors entered a company along with Hone Capital. These include investors like Bain Capital Ventures (1 company).
- Invested after Hone Capital: A total of 21 investors have invested in Hone Capital's portfolio after their investments. Top Investors include German Ventures (1 company), SoftBank Vision Fund (1 company) and Lightspeed Venture Partners (1 company).
Recent News related to Hone Capital
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Chinese embodied AI startup Tars lands $122m fundingTech in Asia•Jul 08, 2025•Junshan, Hone Capital, CIVC Partners, SAIF Partners and 3 others
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United States FBI Investigates Silicon Valley Venture Capital Firm Hone Capital for Sharing United States Technology Secrets to China Counterparts, Hone Capital Parent is China-Headquartered CSC Group, Hone Capital Invested in More than 360 United States StartupsCaproasia•Sep 27, 2024•Federal Bureau of Investigation, Hone Capital
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Hone Capital, a Silicon Valley firm, is being probed by the FBITechCrunch+•Sep 25, 2024•Hone Capital
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CodeCombat Raises Series A and Announces Ozaria - An Immersive New Game to Teach Computer ScienceBusiness Wire•Aug 28, 2019•CodeCombat, NetEase, Tedu, Hone Capital and 4 others
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CodeCombat snags $6 mln Series APE Hub•Aug 28, 2019•CodeCombat, Hone Capital, Andreessen Horowitz, OceanOne Capital and 2 others
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Hone Investments Sells Walgreens-Occupied Property in Central Oregon for $5.7 MillionShopping Center Business•Jul 12, 2019•Hone Capital, West Plaza
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AiFi emerges from stealth with its own take on cashier-free retail, similar to Amazon GoTechCrunch+•Feb 27, 2018•AiFi, StartX, Plug and Play Tech Center, Greylock Partners and 5 others
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