About PALcapital
PALcapital is a venture capital firm founded in 1996. It is primarily based out of New York City, United States. As of Dec 2020, PALcapital has invested in 44 companies. 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 Blockchain Technology and FinTech. Most recently it participated in the $***** Series A round of YIELD App Overall, PALcapital portfolio has seen 2 unicorns, 1 IPO and 3 acquisitions including key companies like The Sandbox, Zipline and Taringa!. A lot of funds co-invest with PALcapital, with names like Alphabit sharing a substantial percentage of its portfolio. PALcapital has team of 3 people.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Angel & 1 more
Portfolio IPOs
Portfolio Unicorns
PALcapital's List of Top Investments
PALcapital has a portfolio of 44 companies, including 2 unicorns. Their most notable investments include The Sandbox and Zipline.Their portfolio spans across United States, Switzerland, United Kingdom and 10 more locations. They have invested in High Tech, Blockchain Technology, FinTech and 12 other sectors, across stages such as Seed, Angel and 1 more. Here is the list of top investments by PALcapital:
1. The Sandbox
Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences. It allows users to create and monetize their NFTs in a blockchain-based environment. The Sandbox platform combines elements of creativity, exploration, and gameplay in a sandbox setting, providing users with a degree of freedom to interact creatively and build their own virtual worlds.
Key facts about The Sandbox
2. Zipline
Operator of drone delivery and logistics. It supports local communities on a global scale.
Key facts about Zipline
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $1.63B
- Employee Count: 1,545 as on Jan 31, 2026
- Investors: K2 Global, StraightPath Venture Partners and 65 Others
- Latest Funding Round: Series H, Aug 17, 2026, $*****
- Highlight: Editors' Pick
3. Filecoin
Decentralized network storage solutions for enterprieses. Its proof-of-work function includes a proof-of-retrievability component that requires nodes to prove it store a particular file. The Filecoin network forms an entirely distributed file storage system and nodes are incentivized to store as much of the entire network’s data. The currency is awarded for storing files, and is transferred in transactions, as in Bitcoin. Files are added to the network by spending currency.
Key facts about Filecoin
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $120K
- Employee Count: 61 as on Dec 31, 2020
- Investors: Sequoia Capital, Sherpalo Ventures and 76 Others
- Latest Funding Round: ICO, Aug 10, 2017, $*****
- Highlight: Editors' Pick
Application development platform for decentralized economy. It is a decentralized public network that allows startups or enterprises to build applications. It features HBAR, a cryptocurrency derived from the public network that can be used for online wallets & exchanges. It provides application development for payments, identity, fraud mitigation, and more.
Key facts about Hedera Hashgraph
- Founded Year: 1998
- Location: Richardson (United States)
- Stage: Funding Raised
- Employee Count: 150 as on Jul 31, 2026
- Investors: Ultrafund Capital, DHVC and 41 Others
- Latest Funding Round: ICO, Aug 16, 2018, $*****
- Highlight: Editors' Pick
5. Cardano
Blockchain-based public network for data protection. The platform offers private ledgers to participating institutions, with the facility to integrate smart contracts into the ledger. It offers solutions such as stake delegation, explorer, wallets, and more.
Key facts about Cardano
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Funding Raised
- Employee Count: 12 as on Jul 31, 2026
- Investors: World Capital Holdings Group, Ledger Capital and 29 Others
- Highlight: Editors' Pick
PALcapital's Year-on-Year Investment Trends
PALcapital has invested in 44 companies over the last 15 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in YIELD App.PALcapital's Investments by Stage
PALcapital has made 3 investments in Seed stage with an average round size of $670K, 1 investment in Angel stage with an average round size of $1.05M and 1 investment in Series A stage with an average round size of $3.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Angel | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
PALcapital's Investments by Sector
PALcapital has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology, Enterprise Applications, Enterprise Infrastructure and FinTech. Notably, it has invested in 37 Tech companies, 23 Consumer (B2C) companies, 20 Blockchain companies and at least 20 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
Enterprise Applications | 1 |
Enterprise Infrastructure | 1 |
FinTech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
PALcapital's Investments by Geography
PALcapital has made most investments in United States (4), followed by Estonia where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Estonia | 1 |
Note: We have considered here, only first round of investments
PALcapital's recent investments
PALcapital has not made any investment in 2026 so far.Here are the most recent investments by PALcapital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 10, 2020 | Estonia | Series A | 7119 | [+1] | |
May 28, 2013 | United States | Seed | 4342 | ||
Sep 2012 | United States | Seed | 7728 | - | |
Feb 07, 2012 | United States | Seed | 5941 | - | |
Oct 13, 2011 | United States | Angel | 1875 | - |
Unicorns in PALcapital's Portfolio
PALcapital has 2 unicorns in its portfolio - The Sandbox and Zipline. The most recent unicorn in their portfolio is The Sandbox. It became a unicorn in 2024, 2 years before PALcapital first invested in it.Here is a list of unicorns in PALcapital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences | 2018 | Hong Kong | Series B | romocfe | ||
66 | Operator of drone delivery and logistics | 2011 | San Francisco | Series H | {iziweu |
IPOs and Publicly Listed companies in PALcapital's Portfolio
1 of PALcapital's portfolio company became public - First Growth Funds. It got listed on the Australian Securities Exchange (ASX), in Dec 1986.Here are PALcapital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 19, 1986 | - | - | 7764 |
Acquired companies in PALcapital's Portfolio
3 companies from PALcapital's portfolio have been acquired. The most recent acquisition was Taringa! in Sep 2019 by RootStock for $*****.Here are PALcapital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 27, 2019 | - | - | 9212 | |
Sep 06, 2016 | - | - | 7541 | |
Jun 28, 2016 | - | - | 5363 |
Team profile of PALcapital
PALcapital has a team of 3 members including 1 Venture Partner and 1 Principal located in India and United States. PALcapital's team does not sit on the board of any company as of now.Co-investors of PALcapital
Over the past 15 years, 10 investors have co-invested in PALcapital's portfolio companies. This includes funds and angels.
- Top Co-investors of PALcapital: 7 investors entered a company along with PALcapital. These include investors like Alphabit (1 company).
- Invested after PALcapital: A total of 3 investors have invested in PALcapital's portfolio after their investments. Top Investors include Techstars (2 companies), Start-Up Chile (1 company) and NXTP Labs (1 company).
Recent News related to PALcapital
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YIELD Raises $4.9M in Bid to Simplify DeFiCoinDesk•Dec 10, 2020•YIELD App, Alphabit, Digital Strategies Inc, PALcapital and 3 others
