About NaHCO3
NaHCO3 is a venture capital firm founded in 2016. It is primarily based out of Santa Monica, United States. As of Dec 2021, NaHCO3 has invested in 37 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 $***** Seed round of OpenBCI Overall, NaHCO3 portfolio has seen 1 unicorn and 6 acquisitions including key companies like Skydio, Outdoor Voices and RTFKT. A lot of funds co-invest with NaHCO3, with names like Marc Merrill sharing a substantial percentage of its portfolio. NaHCO3 has team of 5 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 1 more
Portfolio Acquisitions
Portfolio Unicorns
NaHCO3's List of Top Investments
NaHCO3 has a portfolio of 37 companies, one of which is a Unicorn. Their most notable investments are in OpenBCI and Outdoor Voices.Their portfolio spans across United States, Canada, Israel and 1 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 16 other sectors, across stages such as Seed, Series B and 1 more. Here is the list of top investments by NaHCO3:1. HackerOne
AI powered security testing platform. It combines AI with security researchers to find and fix security, privacy, and AI vulnerabilities across the software development lifecycle. The platform offers bug bounty, vulnerability disclosure, pentesting, AI red teaming, and code security. The features of the product include reports, automation, security testing, and more. It caters its solution to industries such as healthcare, retail, hospitality, and more.
Key facts about HackerOne
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series E
- Total Funding till date: $159M
- Employee Count: 6,707 as on Mar 31, 2026
- Investors: Dragoneer Investment Group, Inbox Capital and 7 Others
- Latest Funding Round: Series E, Jan 27, 2022, $*****
- Highlight: Editors' Pick
2. Skydio
Manufacturer of autonomous drones and related software, services, and accessories. It provides drone platforms, docking stations, attachments, and software for autonomous flight, data capture, and integration. These products serve sectors including public safety, utilities, national security, inspection, transportation, construction, and oil and gas. Services include regulatory and success support, along with developer tools and training.
Key facts about Skydio
3. Peek
Online marketplace for booking tours & activities. It enables users to discover and book personalized, guided, cultural and historical tours across multiple Indian heritage sites & global destinations. Users can enter destination details and holiday dates, and discover their adventure personality type to find recommended activities.
Key facts about Peek
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $189M
- Employee Count: 268 as on Mar 31, 2026
- Investors: Expansion Venture Capital, NFX and 42 Others
- Latest Funding Round: Series C, Nov 20, 2025, $*****
- Highlight: Editors' Pick
4. GGWP
Developer of a tool to maintain and protect the gaming community. The company leverages machine learning, and Artificial Intelligence technology to block real-time toxic incidents in-game.
Key facts about GGWP
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $22M
- Employee Count: 11 - 50 as on Jul 16, 2025
- Investors: Riot Games, Sony Innovation Fund and 7 Others
- Latest Funding Round: Seed, Oct 17, 2023, $*****
- Highlight: Editors' Pick
Online retailer of technical apparel for recreation and athletic activities. It provides a variety of clothing items, including tops, bottoms, and accessories. The company offers different materials for its apparel, such as fleece and knit fabrics. Customers can shop for new arrivals, best sellers, and items on sale.
Key facts about Outdoor Voices
- Founded Year: 2013
- Location: Austin (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $65.7M
- Employee Count: 83 as on Dec 31, 2020
- Investors: TriplePoint Capital, 14W and 19 Others
- Latest Funding Round: Series D, Jun 28, 2020, $*****
- Highlight: Acquired
NaHCO3's Year-on-Year Investment Trends
NaHCO3 has invested in 37 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in OpenBCI.NaHCO3's Investments by Stage
NaHCO3 has made 5 investments in Seed stage with an average round size of $7.37M, 1 investment in Series B stage with an average round size of $9M and 1 investment in Series D stage.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series B | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
NaHCO3's Investments by Sector
NaHCO3 has a diverse portfolio, with companies operating in the Gaming, Consumer, Mobile, Consumer Goods and Enterprise Applications. Notably, it has invested in 24 Tech companies, 17 Consumer (B2C) companies, 14 Software companies and at least 12 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Gaming | 3 |
Consumer | 2 |
Mobile | 2 |
Consumer Goods | 1 |
Enterprise Applications | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
NaHCO3's Investments by Geography
NaHCO3 has made most investments in United States (5), followed by Israel where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Israel | 1 |
Norway | 1 |
Note: We have considered here, only first round of investments
NaHCO3's recent investments
NaHCO3 has not made any investment in 2026 so far.Here are the most recent investments by NaHCO3:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 30, 2021 | United States | Seed | 6626 | [+1] | |
Jul 19, 2021 | United States | Seed | 4068 | ||
Apr 29, 2021 | Norway | Seed | 1514 | [+15] | |
Apr 09, 2021 | United States | Seed | 3549 | [+5] | |
Feb 02, 2021 | Israel | Series B | 2335 | [+8] |
Unicorns in NaHCO3's Portfolio
NaHCO3 has 1 unicorn in its portfolio - Skydio. The most recent unicorn in their portfolio is Skydio which became a unicorn in 2021, 5 years before NaHCO3 first invested in it.Here is a list of unicorns in NaHCO3's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Manufacturer of autonomous drones and related software, services, and accessories | 2014 | San Mateo | Series E | ehgdjn{ |
Acquired companies in NaHCO3's Portfolio
6 companies from NaHCO3's portfolio have been acquired. The most recent acquisition was RTFKT.Here are NaHCO3's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 16, 2025 | - | - | 7132 | |
Jun 04, 2024 | Jun 28, 2020 | Series D | 4248 | |
Feb 21, 2024 | - | - | 4618 | |
Jan 11, 2024 | - | - | 4633 | |
Jan 11, 2023 | - | - | 3745 |
Team profile of NaHCO3
NaHCO3 has a team of 5 members located in United States. NaHCO3's team does not sit on the board of any company as of now.Co-investors of NaHCO3
Over the past 6 years, 84 investors have co-invested in NaHCO3's portfolio companies. This includes funds and angels.
- Invested before NaHCO3: General Catalyst, Red Sea Ventures and 24 others have invested in rounds before NaHCO3. There is 1 company where General Catalyst has invested before NaHCO3 and 1 company where Red Sea Ventures has invested before NaHCO3.
- Top Co-investors of NaHCO3: 35 investors entered a company along with NaHCO3. These include investors like Marc Merrill (4 companies).
- Invested after NaHCO3: A total of 23 investors have invested in NaHCO3's portfolio after their investments. Top Investors include Emmis Communications (1 company), Simon Equity Partners (1 company) and Evolution Equity Partners (1 company).
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