About Necessary Ventures
Necessary Ventures is a venture capital firm founded in 2020. It is primarily based out of San Francisco, United States. As of Mar 2026, Necessary Ventures is an active investor, having invested in 59 companies, with 5 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 High Tech to Enterprise Applications and Consumer. Most recently it participated in the $***** Series C round of Arc Boats Overall, Necessary Ventures portfolio has seen 4 unicorns, 3 IPOs and 7 acquisitions including key companies like Planet, Talkspace and FBN. A lot of funds co-invest with Necessary Ventures, with names like Collab Fund sharing a substantial percentage of its portfolio. Necessary Ventures has team of 26 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Necessary Ventures' List of Top Investments
Necessary Ventures has a portfolio of 59 companies, including 4 unicorns. Their most notable investments are in Rubi and Verustruct.Their portfolio spans across United States, United Kingdom, India and 5 more locations. They have invested in High Tech, Enterprise Applications, Consumer and 23 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Necessary Ventures:
1. Planet
Provider of daily satellite imagery and geospatial data analytics services. The organization offers high-frequency imagery, mosaics, on-demand tasking, and analytic feeds. It transforms imagery into insights, providing data for monitoring, change detection, and analysis. The company delivers data products and cloud-based tools, offering solutions across various industries.
Key facts about Planet
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $602M
- Employee Count: 1,647 as on Mar 31, 2026
- Investors: HighGear Ventures, DFJ Growth and 50 Others
- Latest Funding Round: Post IPO, Sep 12, 2025, $*****
- Highlight: Public
2. Nomba
App-based payment acceptance solutions for SMBs. It offers solutions for payment tracking, payment management, payment acceptance, and more. It also offers invoice and inventory management solutions. The app is available for iOS and Android users.
Key facts about Nomba
3. Talkspace
Online platform offering virtual consultation services for mental health conditions. It is an online mental health platform offering convenient access to licensed therapists and psychiatric providers for therapy and medication management. It provides flexible options for therapy, including live sessions and messaging.
Key facts about Talkspace
- Founded Year: 2011
- Location: New York City (United States)
- Annual Revenue: $188M as on Dec 31, 2024
- Stage: Acquired
- Total Funding till date: $109M
- Employee Count: 1,179 as on Mar 31, 2026
- Investors: SoftBank Group, La Maison Partners and 20 Others
- Latest Funding Round: Grant (prize money), Sep 03, 2020, $*****
- Highlight: Acquired
4. FBN
Network of services for farm management, supplies, and financial solutions. The platform provides access to agricultural inputs, financing options, and marketing programs. It connects farmers to grain buyers and offers data-driven insights. The network facilitates community engagement through online forums and events.
Key facts about FBN
- Founded Year: 2014
- Location: San Carlos (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $981M
- Employee Count: 651 as on Mar 31, 2026
- Investors: TriplePoint Capital, Fidelity Investments and 32 Others
- Latest Funding Round: Series G, Jul 28, 2025, $*****
- Highlight: Editors' Pick
5. Career Karma
Online platform for candidates career guidance. It provides an app-based code learning platform for adults. It is a community platform of peers, mentors, and coaches for adults to learn coding. Its users take assessments to get matched with boot camps, peer circles, and career guides and also get notifications about scholarships & stipends. It is available for iOS and Android platforms.
Key facts about Career Karma
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $53.5M
- Employee Count: 224 as on Jul 01, 2024
- Investors: SoftBank Group, Top Tier Capital Partners and 57 Others
- Latest Funding Round: Series B, Jan 10, 2022, $*****
- Highlight: Acquired
Necessary Ventures' Year-on-Year Investment Trends
Necessary Ventures has invested in 59 companies over the last 7 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Arc Boats and most recent follow-on round was in Nitra.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 4 | 1 | 5 |
2024 | 4 | 0 | 4 |
2023 | 2 | 1 | 3 |
2022 | 4 | 0 | 4 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
Necessary Ventures' Investments by Stage
Necessary Ventures has made 10 investments in Seed stage with an average round size of $4.45M, 7 investments in Series A stage with an average round size of $13.4M, 2 investments in Series C stage with an average round size of $50M and 1 investment in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 7 |
Series C | 2 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
Necessary Ventures' Investments by Sector
Necessary Ventures has a diverse portfolio, with companies operating in the HealthTech, Enterprise Applications, FinTech, Auto Tech and Environment Tech. Notably, it has invested in 49 Tech companies, 33 Enterprise (B2B) companies, 23 Software companies and at least 22 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
HealthTech | 6 |
Enterprise Applications | 5 |
FinTech | 5 |
Auto Tech | 3 |
Environment Tech | 3 |
Others | 35 |
Note: We have considered here, only first round of investments
Necessary Ventures' Investments by Geography
Necessary Ventures has made most investments in United States (18), followed by Peru where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 18 |
Peru | 1 |
Venezuela | 1 |
Note: We have considered here, only first round of investments
Necessary Ventures' recent investments
Necessary Ventures has made 2 investments in 2026 so far - Arc Boats and Nitra.Here are the most recent investments by Necessary Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 19, 2026 | United States | Series C | 4389 | [+4] | |
Mar 10, 2026 | United States | Series B | 1239 | [+15] | |
Sep 24, 2025 | United States | Seed | 3107 | [+2] | |
Aug 28, 2025 | United States | Series A | 7614 | [+7] | |
Aug 28, 2025 | United States | Conventional Debt | 3230 | [+7] |
Unicorns in Necessary Ventures' Portfolio
Necessary Ventures has 4 unicorns in its portfolio - Wayve, FBN, Andela and others. The most recent unicorn in their portfolio is Wayve. It became a unicorn in 2024, 1 years before Necessary Ventures first invested in it.Here is a list of unicorns in Necessary Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Platform offering AI-enabled software for autonomous driving | 2017 | London | Series D | jrjfwqi | ||
72 | Network of services for farm management, supplies, and financial solutions | 2014 | San Carlos | Series G | l{wsn{a | ||
68 | Tech talent training and employment solutions provider | 2014 | New York City | Series E | rjos{lx | ||
63 | Developer of industrial solutions for oil and gas, fuels, and defense | 2016 | Houston | Series D | upeoqqt |
IPOs and Publicly Listed companies in Necessary Ventures' Portfolio
3 of Necessary Ventures' portfolio companies have become public. Planet got listed on the New York Stock Exchange (NYSE), in Apr 2021 and Recursion Pharmaceuticals got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $2.92B.Here are Necessary Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 30, 2021 | - | - | 4444 | |
Apr 16, 2021 | - | - | 8298 | |
Oct 22, 2020 | Jan 30, 2019 | Series A | 2739 |
Acquired companies in Necessary Ventures' Portfolio
7 companies from Necessary Ventures' portfolio have been acquired. The most recent acquisition were Talkspace in Mar 2026 by Universal Health Services for $835M.Here are Necessary Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 09, 2026 | - | - | 1839 | |
Sep 05, 2025 | - | - | 3739 | |
Dec 06, 2023 | - | - | 1108 | |
May 12, 2022 | - | - | 8381 | |
Mar 09, 2021 | - | - | 2779 |
Team profile of Necessary Ventures
Necessary Ventures has a team of 26 members including 6 Partners and 7 Venture Partners located in United States. Necessary Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Necessary Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Angeles | - | ||
Partner | Oakland | - | ||
Partner | New York City | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | Oakland | - | ||
Venture Partner | Los Angeles | - | ||
Venture Partner | Austin | - | ||
Venture Partner | New York City | - | - | |
Venture Partner | Marina Del Rey | - |
Co-investors of Necessary Ventures
Over the past 7 years, 242 investors have co-invested in Necessary Ventures's portfolio companies. This includes funds and angels.
- Invested before Necessary Ventures: Y Combinator, Healthy Ventures and 84 others have invested in rounds before Necessary Ventures. There are 3 companies where Y Combinator has invested before Necessary Ventures and 2 companies where Healthy Ventures has invested before Necessary Ventures.
- Top Co-investors of Necessary Ventures: 123 investors entered a company along with Necessary Ventures. These include investors like Collab Fund (2 companies).
- Invested after Necessary Ventures: A total of 33 investors have invested in Necessary Ventures's portfolio after their investments. Top Investors include Inspire Medical (1 company), Justin Mortara (1 company) and Fred Robertson (1 company).
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