About Palomar Ventures
Palomar Ventures is a venture capital firm founded in 1999. It is primarily based out of Ladera Ranch, United States. As of Apr 2014, Palomar Ventures has invested in 47 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and High Tech. Most recently it participated in the $***** Series C round of Damballa Overall, Palomar Ventures portfolio has seen 1 IPO and 37 acquisitions including key companies like ExteNet Systems, StoneFly and Virtela Communications. A lot of funds co-invest with Palomar Ventures, with names like El Dorado Ventures sharing a substantial percentage of its portfolio. Palomar Ventures has team of 4 people including 2 partners.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Palomar Ventures' List of Top Investments
Palomar Ventures has a portfolio of 47 companies. Their most notable investments are in Paymetric and Storspeed Inc..Their portfolio spans across United States and Singapore. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 15 other sectors, across stages such as Series B, Series A and 2 more. Here is the list of top investments by Palomar Ventures:Designer, builder, and operator of digital infrastructure. This company provides 5G, fiber, and private wireless network solutions. They also offer edge solutions, cloud connectivity, colocation services, and managed infrastructure services. Their clientele includes network operators, venue owners, government entities, and enterprises. Services encompass network operation, monitoring, and 24/7 support. The company designs custom network solutions to meet diverse client needs, focusing on reliable connectivity and performance optimization.
Key facts about ExteNet Systems
- Founded Year: 2003
- Location: Lisle (United States)
- Stage: Acquired
- Total Funding till date: $199M
- Employee Count: 216 as on May 31, 2026
- Investors: Brookside Equity Partners, Comerica and 23 Others
- Latest Funding Round: Series E, May 11, 2021, $*****
- Highlight: Acquired
2. StoneFly
StoneFly is a provider of IP storage area network (SAN) and NAS solutions. It offers virtual application that provide solutions for data replication, remote iSCSI drives, Cloud based NAS, remote backup and colocation services. It serves to education, financial, government, healthcare, entertainment, professional services, construction, manufacturing, high-tech, retail, and non-profit organizations.
Key facts about StoneFly
- Founded Year: 2000
- Location: Hayward (United States)
- Stage: Acquired
- Total Funding till date: $34M
- Employee Count: 94 as on Aug 31, 2026
- Investors: Rustic Canyon Partners, Crescendo Ventures and 2 Others
- Latest Funding Round: Series C, $*****
- Highlight: Acquired
3. Bubbly
Mobile voice messages focused social platform. It enables users to share text and voice updates with friends, family, fans, and followers. Users can follow celebrities and sports stars and listen to updates in their own authentic voices. The app is available for iOS and Android users.
Key facts about Bubbly
- Founded Year: 2002
- Location: Singapore (Singapore)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Stage: Acqui-Hired
- Total Funding till date: $50.3M
- Employee Count: 1 as on Aug 31, 2026
- Investors: WestBridge Capital, TriplePoint Capital and 6 Others
- Latest Funding Round: Series C, Aug 23, 2012, $*****
- Highlight: Editors' Pick
Virtela provides virtual overlay networks services to traditional global carriers and equipment vendors for enterprise networking and virtualized IT services. The solution is delivered through Virtela's SDN platform and brings a cost effective solutions with high flexibility and faster reach to geographical distribution. The network connection between customers, HO and branch offices is redirected through Vitela Virtualization services which optimizing the routing solution. Acquired by NTT communications for $520M in 2013 to increase its global reach.
Key facts about Virtela Communications
- Founded Year: 2000
- Location: Greenwood Village (United States)
- Stage: Acquired
- Total Funding till date: $105M
- Employee Count: 201 as on May 31, 2026
- Investors: Norwest, Juniper Networks and 6 Others
- Latest Funding Round: Series C, May 20, 2010, $*****
- Highlight: Acquired
5. Ace Metrix
Measures video ad impact with technology, tools, and real-time consumer insights. It provides solutions for advertisers, agencies, and publishers to design creative that drives sales. They offer real-time viewer data across all screens, historical and competitor insights, and granular demographic cuts to improve targeting. The platform delivers quantitative and qualitative measures, providing insight into creative performance and consumer sentiment. Users can access data anytime, anywhere, with real-time alerts for new ads. The company helps optimize video advertising creative through data-driven insights, ensuring campaigns resonate with target audiences and achieve business objectives. This is a SaaS platform that offers data analytics and reporting.
Key facts about Ace Metrix
- Founded Year: 2007
- Location: El Segundo (United States)
- Stage: Acquired
- Total Funding till date: $28.3M
- Employee Count: 13 as on May 31, 2026
- Investors: Leapfrog Ventures, WPP and 2 Others
- Latest Funding Round: Series C, Aug 11, 2014, $*****
- Highlight: Acquired
Palomar Ventures' Investments by Stage
Palomar Ventures has made 17 investments in Series B stage with an average round size of $13.6M, 11 investments in Series A stage with an average round size of $7.33M, 6 investments in Series C stage with an average round size of $14.1M and 1 investment in Series D stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Series B | 17 |
Series A | 11 |
Series C | 6 |
Series D | 1 |
Note: We have considered here, only first round of investments
Palomar Ventures' Investments by Sector
Palomar Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Semiconductors and Telecom. Notably, it has invested in 35 Enterprise (B2B) companies, 33 Tech companies, 27 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
Enterprise Infrastructure | 8 |
High Tech | 4 |
Semiconductors | 4 |
Telecom | 4 |
Others | 19 |
Note: We have considered here, only first round of investments
Palomar Ventures' Investments by Geography
Palomar Ventures has made most investments in United States (34), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 34 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Palomar Ventures' recent investments
Palomar Ventures has not made any investment in 2026 so far.Here are the most recent investments by Palomar Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 24, 2014 | United States | Series C | 9965 | ||
Jul 08, 2013 | United States | Series C | 1431 | [+5] | |
Jun 01, 2012 | United States | Series C | 7287 | [+2] | |
Aug 02, 2011 | United States | Series B | 1811 | ||
Mar 29, 2011 | Singapore | Series C | 5214 | [+1] |
IPOs and Publicly Listed companies in Palomar Ventures' Portfolio
1 of Palomar Ventures' portfolio company became public - Efficient Capital. It got listed on the Bursa Malaysia (KLSE), in May 2006 at marketcap of undefinedHere are Palomar Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 11, 2006 | - | - | 7680 |
Acquired companies in Palomar Ventures' Portfolio
37 companies from Palomar Ventures' portfolio have been acquired. The most recent acquisition was Ace Metrix in Jan 2021 by iSpot.tv for $*****.Here are Palomar Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 14, 2021 | Jun 01, 2012 | Series C | 3840 | |
Jul 26, 2018 | - | - | 8277 | |
Jun 25, 2018 | Oct 11, 2005 | Series B | 4957 | |
Oct 05, 2017 | Sep 09, 2003 | Series B | 3084 | |
Apr 25, 2017 | Jul 24, 2009 | Series B | 9821 |
Team profile of Palomar Ventures
Palomar Ventures has a team of 4 members including 2 Partners located in United States. Palomar Ventures' team does not sit on the board of any company as of now.Co-investors of Palomar Ventures
Over the past 26 years, 143 investors have co-invested in Palomar Ventures's portfolio companies. This includes only funds.
- Invested before Palomar Ventures: Sequoia Capital, Comcast Ventures and 26 others have invested in rounds before Palomar Ventures. There is 1 company where Sequoia Capital has invested before Palomar Ventures and 1 company where Comcast Ventures has invested before Palomar Ventures.
- Top Co-investors of Palomar Ventures: 68 investors entered a company along with Palomar Ventures. These include investors like El Dorado Ventures (4 companies).
- Invested after Palomar Ventures: A total of 47 investors have invested in Palomar Ventures's portfolio after their investments. Top Investors include Intel Capital (3 companies), JAFCO Group (2 companies) and Adams Street Partners (2 companies).
Recent News related to Palomar Ventures
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AC Ventures co-leads $5m round of Indonesian waste management firmTech in Asia•Oct 14, 2022•Waste4Change, AC Ventures, Mitrabarito, SMDV and 6 others
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Predixion Software Raises $20M in Series C Financing |FinSMEsFinSMEs•Jul 08, 2013•Predixion Software, Accenture, Miramar Digital Ventures, Palomar Ventures and 4 others
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Video Calling Startup Wham! Nails $3 Million In Series A – TechCrunchTechCrunch+•Oct 18, 2010•Biscotti, Palomar Ventures
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ExteNet closes on $128.4 million in financing: SBA's DAS assets included in round - RCR Wireless NewsRCRWireless•Jan 25, 2010•ExteNet Systems, SBA Communications, Centennial Ventures, Columbia Capital and 4 others
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ExteNewsExteNet Systems•Jan 25, 2010•ExteNet Systems, SBA Communications, Centennial Ventures, Columbia Capital and 3 others
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ATI Alumni Company Bigfoot Networks Raises $8 Million - Austin Technology IncubatorThe University of Texas at Austin•Nov 17, 2009•Bigfoot Networks, North Bridge Venture Partners, Palomar Ventures, Raven Venture Partners
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Atlanta-Based Paymetric Secures $8 Million Series B Financing | Business WireBusiness Wire•Aug 07, 2009•Paymetric, Palomar Ventures, Austin Ventures
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Zannel Secures $10M in Series B Funding Led by Alloy Ventures | Business WireBusiness Wire•Jun 02, 2008•Zannel, Alloy Ventures, USVP, Palomar Ventures
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ExteNet Systems, Inc. Closes $27.5 Million in Equity and Debt FinancingPR Newswire•May 21, 2008•ExteNet Systems, Centennial Ventures, Columbia Capital, Sevin Rosen and 3 others
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