About HWVP
HWVP is a venture capital firm founded in 1989. It is primarily based out of San Francisco, United States. As of Aug 2022, HWVP has invested in 115 companies. 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 Enterprise Infrastructure and FinTech. Most recently it participated in the $***** Series A round of Step Function Overall, HWVP portfolio has seen 3 unicorns, 3 IPOs and 62 acquisitions including key companies like RingCentral, Napster and Five9. A lot of funds co-invest with HWVP, with names like Morgenthaler sharing a substantial percentage of its portfolio. HWVP has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 4 more
Portfolio Acquisitions
Portfolio Soonicorns
HWVP's List of Top Investments
HWVP has a portfolio of 115 companies, including 3 unicorns. Their most notable investments are in NeuVector and Domo.Their portfolio spans across United States, Canada, India and 3 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, FinTech and 24 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by HWVP:1. RingCentral
Cloud based platform offering unified communication solutions. It offers products with features including video and audio conferencing, team messaging, screen or file sharing, online meeting management, real-time analytics, and live reports. The company caters to industries such as health care, education, finance, retail, government, nonprofit organizations, etc. It enables user access on a subscription-based pricing model.
Key facts about RingCentral
- Founded Year: 1999
- Location: Belmont (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $44M
- Employee Count: 6,671 as on Aug 31, 2026
- Investors: Adams Street Partners, GIC and 59 Others
- Latest Funding Round: Post IPO, Oct 14, 2022, $*****
- Highlight: Acquired
2. Napster
B2B platform offering customizable, branded music streaming and download services. It empowers businesses to launch their own music service with a comprehensive suite of solutions. This includes licensing and rights holder management, media streaming and download infrastructure, customizable apps and personalization features. The platform also handles recommendations, customer billing, and royalty distribution. It provides a complete, all-in-one solution for companies seeking to offer branded music experiences. This is a SaaS platform that provides software and infrastructure for music streaming. It is a B2B service that enables other companies to offer music services to their customers.
Key facts about Napster
- Founded Year: 1999
- Location: Los Angeles (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Employee Count: 141 as on May 31, 2026
- Investors: F-Prime Capital, Breakwater and 13 Others
- Latest Funding Round: Series C, 2023, $*****
- Highlight: Acquired
3. Five9
Provider of cloud contact center software with AI and automation. The software includes features such as intelligent virtual agents, workforce engagement, and reporting and analytics. It offers solutions for various industries, including healthcare, financial services, and retail. The platform provides tools for customer engagement across multiple channels.
Key facts about Five9
- Founded Year: 2001
- Location: San Ramon (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $84.1M
- Employee Count: 3,131 as on Aug 31, 2026
- Investors: Adams Street Partners, Sapphire Ventures and 8 Others
- Latest Funding Round: Post IPO, May 22, 2020, $*****
- Highlight: Acquired
4. Domo
Provider of an AI and data products platform for businesses. The platform integrates data sources, prepares data, and builds AI-powered tools. It offers business intelligence, data integration, and workflow automation. The platform provides tools for data analysis, trend identification, and decision-making. It also offers secure data products and conversational AI capabilities.
Key facts about Domo
- Founded Year: 2010
- Location: American Fork (United States)
- Annual Revenue: $100M - $500M as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $730M
- Employee Count: 1,261 as on Aug 31, 2026
- Investors: Meritech, Glynn Capital and 37 Others
- Latest Funding Round: Series D, Dec 05, 2017, $*****
- Highlight: Public
5. Marketo
Marketo is a provider of a cloud-based marketing automation platform for businesses. It engages visitors on multiple channels, runs inbound marketing, helps in lead scoring & lead management, content & website personalization, and more. It also helps in visitor tracking, CRM tools integration, reporting & analytics, and more. It automates email campaigns and provides social marketing apps such as purchase-sharing widgets, contests, polls, etc. Clients include Panasonic, Centurylink, Charles Schwab, and others. Monetizes through subscription-based pricing plans.
Key facts about Marketo
- Founded Year: 2006
- Location: San Jose (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2015
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $98.4M
- Employee Count: 732 as on Aug 31, 2026
- Investors: Storm Ventures, Golub Growth and 13 Others
- Latest Funding Round: Post IPO, Dec 19, 2013, $*****
- Highlight: Acquired
HWVP's Year-on-Year Investment Trends
HWVP has invested in 115 companies over the last 30 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Step Function and most recent follow-on round was in Amberdata.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 4 | 2 | 6 |
2020 | 3 | 0 | 3 |
2019 | 2 | 1 | 3 |
2018 | 2 | 4 | 6 |
2017 | 2 | 3 | 5 |
HWVP's Investments by Stage
HWVP is primarily an Early Stage Investor investor majorly investing in Series A (47) rounds where average round size is $271M, Series B (14) rounds where average round size is $182M and Series C (11) rounds where average round size is $352M.Stage of entry | No. of Investments |
|---|---|
Series A | 47 |
Series B | 14 |
Series C | 11 |
Seed | 10 |
Series D | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
HWVP's Investments by Sector
HWVP has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, FinTech and Vertical SaaS. Notably, it has invested in 90 Tech companies, 87 Enterprise (B2B) companies, 78 Software companies and at least 55 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 63 |
Enterprise Infrastructure | 27 |
Consumer | 8 |
FinTech | 8 |
Vertical SaaS | 8 |
Others | 35 |
Note: We have considered here, only first round of investments
HWVP's Investments by Geography
HWVP has made most investments in United States (79), followed by Canada where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 79 |
Canada | 4 |
Australia | 1 |
India | 1 |
Note: We have considered here, only first round of investments
HWVP's recent investments
HWVP has not made any investment in 2026 so far.Here are the most recent investments by HWVP:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 31, 2022 | United States | Series A | 1847 | ||
Sep 14, 2021 | United States | Series A | 3562 | ||
Aug 26, 2021 | United States | Series C | 8113 | [+3] | |
Apr 02, 2021 | United States | Series A | 9629 | - | |
Mar 15, 2021 | United States | Series C | 8822 | [+4] |
Unicorns in HWVP's Portfolio
HWVP has 3 unicorns in its portfolio - Clarify, MuleSoft and InsideSales. The most recent unicorn in their portfolio is Clarify. It became a unicorn in 2022, 1 years after HWVP first invested in it.Here is a list of unicorns in HWVP's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Company provides healthcare analytics and value-based payments platform services | 2015 | San Francisco | Series D | almgkwu | ||
61 | Cloud based API management platform | 2006 | San Francisco | Series G | aygmdwz | ||
48 | Cloud based platform offering software to create sales playbooks | 2004 | Austin | Series D | xiphybo |
IPOs and Publicly Listed companies in HWVP's Portfolio
3 of HWVP's portfolio companies have become public. Domo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2018 at marketcap of $524M and Extensity got listed on the New York Stock Exchange (NYSE).Here are HWVP's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 29, 2018 | May 19, 2011 | Seed | 5815 | |
Oct 30, 2015 | Jul 10, 1998 | Series B | 8312 | |
- | - | - | 8640 |
Acquired companies in HWVP's Portfolio
62 companies from HWVP's portfolio have been acquired. The most recent acquisition was Amberdata in Jun 2026 by Kaiko for $*****.Here are HWVP's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 02, 2026 | Oct 19, 2017 | Seed | 5192 | |
Jan 01, 2026 | Aug 31, 2022 | Series A | 2804 | |
Aug 28, 2025 | Oct 24, 2011 | Series B | 7355 | |
Mar 25, 2025 | - | - | 4728 | |
Apr 11, 2024 | - | - | 7451 |
Team profile of HWVP
HWVP has a team of 5 members including 4 Partners located in United States. HWVP's team sits on the board of 1 company.Here is a list of all team members in HWVP:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | |||
Partner | Sun Valley | - | ||
Partner | - | - |
Co-investors of HWVP
Over the past 30 years, 311 investors have co-invested in HWVP's portfolio companies. This includes funds and angels.
- Invested before HWVP: AOL, KKR and 42 others have invested in rounds before HWVP. There is 1 company where AOL has invested before HWVP and 1 company where KKR has invested before HWVP.
- Top Co-investors of HWVP: 112 investors entered a company along with HWVP. These include investors like Morgenthaler (4 companies).
- Invested after HWVP: A total of 155 investors have invested in HWVP's portfolio after their investments. Top Investors include Cisco Investments (4 companies), Salesforce Ventures (3 companies) and Aspenwood Ventures (3 companies).
Recent News related to HWVP
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StepFunction Finalizes $5M Post-Seed Funding to Assist SaaS Platforms with Business GrowthCrowdfund Insider•Sep 05, 2022•Step Function, Dallas Venture Capital, HWVP, Inventus Capital Partners and 1 other
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StepFunction Secures $5M in Post-Seed FundingBusiness Wire•Aug 31, 2022•Step Function, Dallas Venture Capital, HWVP, Inventus Capital Partners and 1 other
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Citi leads $15 million round in digital assets data firm AmberdataFinextra•Sep 16, 2021•Amberdata, Citi, Franklin Templeton Investments, GoldenTree and 2 others
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Clarify Health Scores $115m In Funding For Clinical Analytics PlatformMobiHealthNews•Mar 17, 2021•Clarify, Spark Capital, Concord Health Partners, HWVP and 6 others
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Vendia Announces $15.5M Series A Funding and Launches Vendia Share™ for DevelopersBusiness Wire•Feb 03, 2021•Vendia, Canvas Ventures, BMW i Ventures, Sorenson Capital and 6 others
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Klue Raises $15M in Series A FundingFinSMEs•Sep 09, 2020•Craft Ventures, HWVP, OMERS, Rhino Ventures and 2 others
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Vendia raises $5.1M for its multicloud serverless platformTechCrunch+•Jul 01, 2020•Vendia, Correlation Ventures, WestWave Capital, HWVP and 4 others
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Fenbushi Capital and DF Capital Back Blockchain and Cryptoasset Data Company AmberdataPRWeb•Oct 30, 2019•Amberdata, Fenbushi Capital, DF Capital, Rising Tide Fund and 1 other
