About Intercept Ventures
Intercept Ventures is a venture capital firm founded in 2011. It is primarily based out of Oakland, United States. As of Feb 2023, Intercept Ventures has invested in 23 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 FinTech and High Tech. Most recently it participated in the $***** Series B round of Smile ID Overall, Intercept Ventures portfolio has seen 1 unicorn, 1 IPO and 9 acquisitions including key companies like User Testing, Blaize and DailyPay. A lot of funds co-invest with Intercept Ventures, with names like RPM Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Intercept Ventures' List of Top Investments
Intercept Ventures has a portfolio of 23 companies, one of which is a Unicorn. Their most notable investments are in DailyPay and Corlytics.Their portfolio spans across United States, Ireland and Nigeria. They have invested in Enterprise Applications, FinTech, High Tech and 12 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Intercept Ventures:
1. User Testing
Provider of platform for gathering and analyzing user experience feedback. The platform offers tools to target specific audiences and gather comprehensive testing data. It helps users analyze data to identify insights and measure performance. The platform also facilitates sharing and scaling insights across organizations.
Key facts about User Testing
- Founded Year: 2007
- Location: San Francisco (United States)
- Annual Revenue: £10M - £50M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $148M
- Employee Count: 1,846 as on May 31, 2026
- Investors: OpenView, Insight Partners and 15 Others
- Latest Funding Round: Grant (prize money), Nov 17, 2020, $*****
- Highlight: Acquired
2. Blaize
Developer of hardware and software solutions optimizing artificial intelligence applications. The company provides platforms designed for efficient, flexible, accurate, and cost-effective deployment of AI at the edge. It offers a graph streaming processor architecture and an AI software suite. The company’s products address AI use cases across various markets.
Key facts about Blaize
- Founded Year: 2010
- Location: El Dorado Hills (United States)
- Stage: Public
- Total Funding till date: $136M
- Employee Count: 132 as on Jan 31, 2025
- Investors: Samsung Catalyst Fund, Temasek and 24 Others
- Latest Funding Round: Post IPO, Nov 11, 2025, $*****
- Highlight: Public
3. DailyPay
Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. It integrates directly with employers’ existing payroll, HR, and workforce management systems, allowing workers to view and transfer portions of their accrued earnings in real time. It is positioned as a retention and engagement tool that helps attract and retain talent by offering greater financial flexibility without requiring major changes to payroll operations. It emphasizes seamless integration, enterprise-grade security, and minimal administrative overhead for businesses.
Key facts about DailyPay
- Founded Year: 2015
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $264M
- Employee Count: 982 as on May 31, 2026
- Investors: Section Partners, Access Industries and 47 Others
- Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
- Highlight: Editors' Pick
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4. Juvo
Alternative credit scoring solutions based on mobile data transactions. It analyzes mobile network data to build financial identities with no formal credit history such as underbanked customers. It provides predictive decision-making tools for financial institutions.
Key facts about Juvo
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $59.3M
- Employee Count: 150 as on May 31, 2026
- Investors: New Enterprise Associates, Section Partners and 15 Others
- Latest Funding Round: Series B, Aug 01, 2017, $*****
- Highlight: Editors' Pick
5. Gigsky
Global eSIM provider offering seamless connectivity for travelers and enterprises. The company delivers reliable and secure mobile data solutions through advanced eSIM technology. It offers a variety of data plans, including international, regional, and cruise options, designed to eliminate roaming charges and ensure effortless connectivity. The company prides itself on providing high-quality data services across numerous countries, partnering with top-tier network providers for optimal coverage and speed. The business model is customer-centric, offering flexible data plans and customer support. As a network operator, it manages its own eSIMs, ensuring security and performance. The company provides solutions for consumers and enterprises, including travel agents and bulk eSIM sales. The company's offerings include free eSIM options, GigSky One subscription, and Visa benefits. The company supports various devices, including iPhones, Android smartphones, and tablets.
Key facts about Gigsky
- Founded Year: 2010
- Location: Palo Alto (United States)
- Stage: Series B
- Total Funding till date: $24.9M
- Employee Count: 61 as on May 31, 2026
- Investors: World Innovation Lab, Yet2ventures and 3 Others
- Latest Funding Round: Series B, Jun 09, 2016, $*****
- Highlight: Editors' Pick
Intercept Ventures' Year-on-Year Investment Trends
Intercept Ventures has invested in 23 companies over the last 23 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Smile ID and most recent follow-on round was in Smile ID.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 2 | 1 | 3 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Intercept Ventures' Investments by Stage
Intercept Ventures has made 4 investments in Series A stage with an average round size of $6.17M, 2 investments in Series B stage with an average round size of $9M, 1 investment in Seed stage with an average round size of $2.9M and 1 investment in Series C stage with an average round size of $20M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 2 |
Seed | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Intercept Ventures' Investments by Sector
Intercept Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Enterprise Infrastructure, Semiconductors and Vertical SaaS. Notably, it has invested in 19 Enterprise (B2B) companies, 19 Tech companies, 12 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
FinTech | 4 |
Enterprise Infrastructure | 2 |
Semiconductors | 2 |
Vertical SaaS | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Intercept Ventures' Investments by Geography
Intercept Ventures has made most investments in United States (6), followed by Ireland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 6 |
Ireland | 1 |
Nigeria | 1 |
Note: We have considered here, only first round of investments
Intercept Ventures' recent investments
Intercept Ventures has not made any investment in 2026 so far.Here are the most recent investments by Intercept Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 15, 2023 | Nigeria | Series B | 6339 | [+8] | |
Jul 08, 2021 | Nigeria | Series A | 3320 | [+8] | |
Jun 08, 2021 | United States | Seed | 9322 | ||
Mar 26, 2020 | United States | Series A | 3892 | [+4] | |
Mar 20, 2020 | United States | Series A | 9733 | [+5] |
Unicorns in Intercept Ventures' Portfolio
Intercept Ventures has 1 unicorn in its portfolio - DailyPay. The most recent unicorn in their portfolio is DailyPay which became a unicorn in 2021, 3 years after Intercept Ventures first invested in it.Here is a list of unicorns in Intercept Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand | 2015 | New York City | Series D | afbxnlp |
IPOs and Publicly Listed companies in Intercept Ventures' Portfolio
1 of Intercept Ventures' portfolio company became public - Blaize. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2022.Here are Intercept Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 31, 2022 | - | - | 9203 |
Acquired companies in Intercept Ventures' Portfolio
9 companies from Intercept Ventures' portfolio have been acquired. The most recent acquisition was Corlytics in Apr 2024 by Verdane for $*****.Here are Intercept Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 09, 2024 | Jan 16, 2017 | Series A | 9660 | |
Oct 27, 2022 | - | - | 4865 | |
May 12, 2020 | - | - | 4971 | |
Jun 18, 2019 | - | - | 1210 | |
Jun 01, 2018 | - | - | 7249 |
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Co-investors of Intercept Ventures
Over the past 23 years, 66 investors have co-invested in Intercept Ventures's portfolio companies. This includes funds and angels.
- Invested before Intercept Ventures: RPM Ventures, Inspiration Ventures and 12 others have invested in rounds before Intercept Ventures. There is 1 company where RPM Ventures has invested before Intercept Ventures and 1 company where Inspiration Ventures has invested before Intercept Ventures.
- Top Co-investors of Intercept Ventures: 25 investors entered a company along with Intercept Ventures. These include investors like RPM Ventures (2 companies).
- Invested after Intercept Ventures: A total of 27 investors have invested in Intercept Ventures's portfolio after their investments. Top Investors include SVB (2 companies), Barclays (1 company) and Angelo Gordon (1 company).
Recent News related to Intercept Ventures
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Africa-focused KYC startup Smile Identity raises $20m Series B funding roundDisrupt Africa•Feb 16, 2023•Smile Identity, Costanoa, Norrsken22, Commerce Ventures and 9 others
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Kenya's Smile Identity raises $20M to expand across AfricaTechloy•Feb 15, 2023•Smile Identity, Costanoa, Norrsken22, ValueStream Ventures and 9 others
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Nigeria’s Smile Identity secures $20m Series B. 2 other stories and a triviaRipples Nigeria•Feb 15, 2023•Smile Identity, Two Culture Capital, Courtside Ventures, Commerce Ventures and 7 others
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Nigerian KYC startup Smile Identity raises $7m Series A funding roundDisrupt Africa•Jul 09, 2021•Smile Identity, Costanoa Venture, CRE Venture Capital, LocalGlobe and 7 others
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Aiden Technologies Raises $2.9M in FundingFinSMEs•Jun 09, 2021•Aiden, Right Side Capital Management, , Intercept Ventures and 2 others
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Coterie raises $8.5m in Series A fundingVerdict•Mar 26, 2020•Coterie, RPM Ventures, Allos Ventures, Western & Southern Financial Group and 3 others
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Coterie raises $8.5M to build 'commercial insurance as a service'TechCrunch+•Mar 20, 2020•Coterie, Intercept Ventures, The Hartford, RPM Ventures and 5 others
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DailyPay Raises $9M Series BCitybizlist•Feb 15, 2018•DailyPay, Intercept Ventures, RPM Ventures, Inspiration Ventures and 3 others
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Kernel of truth in Corlytics’ solutions after €3m fund successSilicon Republic•Jan 16, 2017•Corlytics, Kernel Capital, Intercept Ventures, Gerard Barry
