About Montage Ventures
Montage Ventures is a venture capital firm founded in 2013. It is primarily based out of Menlo Park, United States. As of Oct 2025, Montage Ventures is an active investor, having invested in 92 companies, with 3 new investments in the last 12 months. 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 Retail and Consumer. Most recently it participated in the $***** Series A round of Eoliann Overall, Montage Ventures portfolio has seen 1 unicorn, 2 IPOs and 12 acquisitions including key companies like Moneylion, Funding Circle and HomeLight. A lot of funds co-invest with Montage Ventures, with names like Lux Capital sharing a substantial percentage of its portfolio. Montage Ventures has team of 13 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Montage Ventures' List of Top Investments
Montage Ventures has a portfolio of 92 companies, one of which is a Unicorn. Their most notable investments are in Ignota Labs and PeerStreet.Their portfolio spans across United States, United Kingdom, Canada and 4 more locations. They have invested in Enterprise Applications, Retail, Consumer and 25 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Montage Ventures:1. Moneylion
Online platform for instant consumer loans and mobile banking. Its product offerings include installment loans, line of credit, pre-paid debit cards, and point-of-sale financing. It also offers loan comparison, savings, investments, and more.
Key facts about Moneylion
- Founded Year: 2013
- Location: Sandy (United States)
- Annual Revenue: $546M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $268M
- Employee Count: 522 as on Mar 31, 2026
- Investors: Arc Ventures, DHVC and 20 Others
- Latest Funding Round: Series C, Jul 23, 2019, $*****
- Highlight: Acquired
Online lending platform providing financing solutions for small and medium-sized businesses. The platform enables users to access credit with instant decisions and AI-powered risk assessments. The platform connects SMEs needing capital, such as for cash flow, stock purchases, or growth, with institutional investors.
Key facts about Funding Circle
- Founded Year: 2010
- Location: London (United Kingdom)
- Annual Revenue: £152M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $373M
- Employee Count: 52 as on Apr 30, 2026
- Investors: Index Ventures, Temasek and 21 Others
- Latest Funding Round: Conventional Debt, Aug 28, 2019, $*****
- Highlight: Public
3. HomeLight
Provider of an online recommendation platform for brokers. It matches homebuyers with real estate agents based on a proprietary algorithm for personalized agent recommendations based on sales data, customer reviews, location-based expertise, etc. Agents only pay for the service if they get a new client out of the process. It also allows mortgage lenders to build referral relationships with agents.
Key facts about HomeLight
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $314M
- Employee Count: 499 as on Mar 31, 2026
- Investors: TriplePoint Capital, MacDonald Ventures and 29 Others
- Latest Funding Round: Series D, Aug 26, 2024, $*****
- Highlight: Editors' Pick
4. Eargo
Eargo provides hearing aids for people with hearing disabilities. It offers a rechargeable hearing aid that completely fits inside the ear. It is made out of Flexi fiber, small pieces of soft, medical-grade silicon which suspend a tiny speaker in the ear. It offers eargo mobile app that allows personalized settings for different listening environments. Its products include eargo neo, eargo max, and many more.
Key facts about Eargo
- Founded Year: 2010
- Location: San Jose (United States)
- Annual Revenue: $37.2M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $217M
- Employee Count: 124 as on Mar 31, 2026
- Investors: HTIF, Crosslink Capital and 13 Others
- Latest Funding Round: Post IPO, Jun 27, 2022, $*****
- Highlight: Public
5. FLYR
Developer of an AI-powered platform for travel and transportation industries. The platform provides offer and order management, shopping cart functionality, and personalized offers. It facilitates cross-airline retailing and seamless servicing. The platform also provides revenue management, customizable reporting, and precision budgeting and forecasting for the hospitality sector.
Key facts about FLYR
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Series D
- Total Funding till date: $392M
- Employee Count: 36 as on Mar 31, 2026
- Investors: ADIA, BlackRock and 15 Others
- Latest Funding Round: Conventional Debt, Aug 09, 2024, $*****
- Highlight: Editors' Pick
Montage Ventures' Year-on-Year Investment Trends
Montage Ventures has invested in 92 companies over the last 12 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 6 investments. Its most recent first time investment was in Eoliann and most recent follow-on round was in Axyon.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 5 | 1 | 6 |
2024 | 4 | 1 | 5 |
2023 | 4 | 1 | 5 |
2022 | 6 | 2 | 8 |
2021 | 4 | 2 | 6 |
2020 | 3 | 2 | 5 |
2019 | 3 | 3 | 6 |
2018 | 3 | 2 | 5 |
2017 | 2 | 0 | 2 |
Montage Ventures' Investments by Stage
Montage Ventures has made 31 investments in Seed stage with an average round size of $5.24M, 18 investments in Series A stage with an average round size of $10.2M, 1 investment in Conventional Debt stage with an average round size of $2.5M and 1 investment in Series B stage with an average round size of $33M.Stage of entry | No. of Investments |
|---|---|
Seed | 31 |
Series A | 18 |
Conventional Debt | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Montage Ventures' Investments by Sector
Montage Ventures has a diverse portfolio, with companies operating in the FinTech, Consumer, Enterprise Applications, HealthTech and Real Estate and Construction Tech. Notably, it has invested in 73 Tech companies, 46 Consumer (B2C) companies, 41 Enterprise (B2B) companies and at least 30 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 19 |
Consumer | 15 |
Enterprise Applications | 15 |
HealthTech | 10 |
Real Estate and Construction Tech | 9 |
Others | 57 |
Note: We have considered here, only first round of investments
Montage Ventures' Investments by Geography
Montage Ventures has made most investments in United States (46), followed by Italy where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 46 |
Italy | 2 |
United Kingdom | 2 |
Canada | 1 |
Note: We have considered here, only first round of investments
Montage Ventures' recent investments
Montage Ventures has not made any investment in 2026 so far.Here are the most recent investments by Montage Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 13, 2025 | Italy | Series A | 6481 | [+3] | |
Jul 01, 2025 | United States | Seed | 9733 | [+1] | |
Jun 18, 2025 | United States | Seed | 6242 | [+6] | |
Apr 02, 2025 | Italy | Series A | 6754 | [+4] | |
Mar 12, 2025 | Canada | Seed | 4999 |
Unicorns in Montage Ventures' Portfolio
Montage Ventures has 1 unicorn in its portfolio - HomeLight. The most recent unicorn in their portfolio is HomeLight which became a unicorn in 2021, 6 years after Montage Ventures first invested in it.Here is a list of unicorns in Montage Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of an online recommendation platform for brokers | 2012 | San Francisco | Series D | c{azwjo |
IPOs and Publicly Listed companies in Montage Ventures' Portfolio
2 of Montage Ventures' portfolio companies have become public. Eargo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2020 and Funding Circle got listed on the London Stock Exchange (LSE) at marketcap of $1.65B.Here are Montage Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 16, 2020 | - | - | 2864 | |
Sep 28, 2018 | - | - | 7059 |
Acquired companies in Montage Ventures' Portfolio
12 companies from Montage Ventures' portfolio have been acquired. The most recent acquisition was Brainiac in May 2026 by Bel Group for $*****.Here are Montage Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 07, 2026 | - | - | 9646 | |
Jan 13, 2025 | Nov 09, 2016 | Series A | 4548 | |
Dec 10, 2024 | Dec 05, 2016 | Series A | 1962 | |
Apr 27, 2023 | Apr 11, 2022 | Seed | 7486 | |
Jun 14, 2022 | - | - | 5386 |
Team profile of Montage Ventures
Montage Ventures has a team of 13 members including 2 Partners, 3 Venture Partners and 2 Principals located in United States. Montage Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Montage Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Menlo Park | - | ||
Partner | Redwood City | - | ||
Venture Partner | San Francisco | - | - | |
Venture Partner | Cambridge | - | ||
Venture Partner | San Francisco | - | - | |
Principal | Stanford | - | ||
Principal | Menlo Park | - |
Co-investors of Montage Ventures
Over the past 12 years, 451 investors have co-invested in Montage Ventures's portfolio companies. This includes funds and angels.
- Invested before Montage Ventures: Macquarie, Crosslink Capital and 96 others have invested in rounds before Montage Ventures. There is 1 company where Macquarie has invested before Montage Ventures and 1 company where Crosslink Capital has invested before Montage Ventures.
- Top Co-investors of Montage Ventures: 183 investors entered a company along with Montage Ventures. These include investors like Lux Capital (6 companies).
- Invested after Montage Ventures: A total of 170 investors have invested in Montage Ventures's portfolio after their investments. Top Investors include Menlo Ventures (2 companies), WestCap (2 companies) and WndrCo (2 companies).
Recent News related to Montage Ventures
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Tensec Secures $12M Seed Funding for Cross-Border Payments Transformationintelligence360•Jun 27, 2025•Tensec, Costanoa, Quiet Capital, WillowTree and 5 others
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Tensec Secures $12M to Transform the $190T Cross-Border Payments MarketPR Newswire•Jun 18, 2025•Tensec, Costanoa, Quiet Capital, WillowTree and 4 others
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Axyon AI secures €4.3 million investment roundFinextra•Apr 02, 2025•Axyon, CDP Venture Capital, Green Sands Capital, Montage Ventures
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Ignota Labs Raises USD $6.9M Seed Funding to Turn Around Failed DrugsBenzinga•Feb 26, 2025•Ignota Labs, Montage Ventures, AIX Ventures, Modi Ventures and 2 others
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Rescuing drugs: Ignota Labs raises €6.6 million to turn around failed drugsEU-Startups•Feb 26, 2025•Ignota Labs, Montage Ventures, AIX Ventures, Modi Ventures and 2 others
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UK Ignota Labs Raises USD $6.9M in Seed FundingFinSMEs•Feb 26, 2025•Ignota Labs, Montage Ventures, AIX Ventures, Modi Ventures and 2 others
