About Ithaka Partners
Ithaka Partners is a venture capital firm founded in 2014. It is primarily based out of Boca Grande, United States. As of Sep 2020, Ithaka Partners has invested in 14 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to Consumer and Retail. Most recently it participated in the $***** Series A round of Aqua Medical Overall, Ithaka Partners portfolio has seen 2 IPOs and 2 acquisitions including key companies like CarGurus, Kate Farms and Capnia. A lot of funds co-invest with Ithaka Partners, with names like ShangBay Capital sharing a substantial percentage of its portfolio. Ithaka Partners has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A
Portfolio Acquisitions
Portfolio Soonicorns
Ithaka Partners' List of Top Investments
Ithaka Partners has a portfolio of 14 companies. Their most notable investmentis in Aqua MedicalTheir portfolio spans across and United States. They have invested in Life Sciences, Consumer, Retail and 10 other sectors, across stages such as Series A stage. Here is the list of top investments by Ithaka Partners:1. CarGurus
Online retailer of used and new cars with financing options. The platform provides tools for comparing vehicles, estimating loan payments, and finding dealerships. It offers vehicle reviews, buying guides, and resources for selling cars. The site also provides vehicle history reports and deal ratings.
Key facts about CarGurus
- Founded Year: 2006
- Location: Cambridge (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.75M
- Employee Count: 1,381 as on Mar 31, 2026
- Investors: Vitruvian Partners, Ithaka Partners and 1 Other
- Latest Funding Round: Series A, Aug 16, 2017, $*****
- Highlight: Public
Developer of sustainable solid-state batteries. Its various applications, including electric vehicles, homes, and critical infrastructure. Its battery technology is designed to be safe, sustainable, and scalable.
Key facts about Factorial Energy
- Founded Year: 2013
- Location: Woburn (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $244M
- Employee Count: 132 as on Aug 31, 2026
- Investors: North Sky Capital, YX Capital and 16 Others
- Latest Funding Round: Series D, Jan 07, 2026, $*****
- Highlight: Editors' Pick
3. Aqua Medical
Developer of endoscopic ablation therapy for gastrointestinal diseases. The product is a vapor-based, endoscopic ablation technology to treat GI disease and prevent GI cancers. The products generate vapor using a radio frequency generator and delivered it through proprietary catheters to the GI tract. The company is testing its product in preclinical trials.
Key facts about Aqua Medical
- Founded Year: 2016
- Location: Santa Ana (United States)
- Stage: Series B
- Total Funding till date: $22.2M
- Employee Count: 8 as on Aug 31, 2026
- Investors: Relevance Ventures, Pasadena Angels and 3 Others
- Latest Funding Round: Series B, Sep 23, 2026, $*****
- Highlight: Editors' Pick
4. Kate Farms
Provider of plant-based nutrition drinks. The company offers plant-based drinks for adults and children that are designed for improved tolerance with organic ingredients including pea protein for digestion, phytonutrients, and prebiotic fiber. The product is claimed to be prepared from dairy-free, gluten-free, and soy-free ingredients such as brown rice syrup, organic sunflower oil, and pea proteins.
Key facts about Kate Farms
- Founded Year: 2012
- Location: Santa Barbara (United States)
- Stage: Acquired
- Total Funding till date: $183M
- Employee Count: 277 as on Sep 30, 2026
- Investors: Goldman Sachs Investment Partners, Kaiser Permanente Ventures and 22 Others
- Latest Funding Round: Series C, Sep 19, 2022, $*****
- Highlight: Acquired
5. Boloco
Key facts about Boloco
- Founded Year: 1996
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $18.5M
- Employee Count: 96 as on Sep 30, 2026
- Investors: Winona Capital, Madison Parker Capital and 1 Other
- Latest Funding Round: Series B, Nov 26, 2012, $*****
Ithaka Partners' Year-on-Year Investment Trends
Its most recent first time investment was in Aqua Medical.Ithaka Partners' Investments by Stage
Ithaka Partners has made 2 investments in Series A stage with an average round size of $28M.Ithaka Partners' Investments by Sector
Ithaka Partners has a diverse portfolio, with companies operating in the Food and Agriculture Tech, High Tech, Life Sciences and Sustainability Tech. Notably, it has invested in 9 Tech companies, 8 Enterprise (B2B) companies, 4 Tech hardware companies and 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 1 |
High Tech | 1 |
Life Sciences | 1 |
Sustainability Tech | 1 |
Note: We have considered here, only first round of investments
Ithaka Partners' Investments by Geography
Ithaka Partners has made most investments in United States (2).Ithaka Partners' recent investments
Ithaka Partners has not made any investment in 2026 so far.Here are the most recent investments by Ithaka Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 01, 2020 | United States | Series A | 2938 | [+1] | |
Jan 27, 2020 | United States | Series A | 5423 | [+9] |
IPOs and Publicly Listed companies in Ithaka Partners' Portfolio
2 of Ithaka Partners' portfolio companies have become public. CarGurus got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2017 at marketcap of $1.68B and Capnia got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $42.1M.Here are Ithaka Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 12, 2017 | - | - | 4739 | |
Nov 13, 2014 | - | - | 9322 |
Acquired companies in Ithaka Partners' Portfolio
2 companies from Ithaka Partners' portfolio have been acquired. The most recent acquisition was Kate Farms in May 2025 by Danone for $*****.Here are Ithaka Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 12, 2025 | Jan 27, 2020 | Series A | 7170 | |
Jun 25, 2019 | - | - | 7121 |
Team profile of Ithaka Partners
Ithaka Partners has a team of 2 members located in United States. Ithaka Partners' team does not sit on the board of any company as of now.Co-investors of Ithaka Partners
Over the past 6 years, 19 investors have co-invested in Ithaka Partners's portfolio companies. This includes funds and angels.
- Top Co-investors of Ithaka Partners: 12 investors entered a company along with Ithaka Partners. These include investors like ShangBay Capital (1 company).
- Invested after Ithaka Partners: A total of 7 investors have invested in Ithaka Partners's portfolio after their investments. Top Investors include Relevance Ventures (1 company), Pac-West Telecomm (1 company) and Novo Holdings (1 company).
Recent News related to Ithaka Partners
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Aqua Medical Announces Final $8.2 Million Equity Investment Led by ShangBay Capital to Close Its $15.5 Million Series A Financing RoundPR Newswire•Sep 01, 2020•Aqua Medical, ShangBay Capital, Ithaka Partners, ForMED Ventures
