About PBJ Capital
PBJ Capital is a venture capital firm founded in 2013. It is primarily based out of Boston, United States. As of Jul 2024, PBJ Capital has invested in 44 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series A round of Language I/O Overall, PBJ Capital portfolio has seen 1 unicorn, 1 IPO and 2 acquisitions including key companies like Nasuni, Frequency Therapeutics and 128 Technology. A lot of funds co-invest with PBJ Capital, with names like Gutbrain Ventures sharing a substantial percentage of its portfolio. PBJ Capital has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
PBJ Capital's List of Top Investments
PBJ Capital has a portfolio of 44 companies, one of which is a Unicorn. Their most notable investments are in iRestify and Breinify.Their portfolio spans across United States, Canada, Israel and 1 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 20 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by PBJ Capital:
1. Sense
Smart energy platform providing real-time electricity usage insights for homes and utilities. It uses smart sensors and data analytics to deliver real-time electricity usage insights for homes, utilities, and energy partners. It helps users understand and reduce energy consumption, improve efficiency, and support grid reliability by providing high-resolution monitoring and behavioral energy insights aimed at lowering carbon emissions and accelerating the energy transition.
Key facts about Sense
- Founded Year: 2013
- Location: Cambridge (United States)
- Stage: Series D
- Total Funding till date: $177M
- Employee Count: 108 as on May 31, 2026
- Investors: CRV, Google Ventures and 21 Others
- Latest Funding Round: Series D, Jan 27, 2026, $*****
- Highlight: Editors' Pick
2. Nasuni
Cloud-based enterprise file system storage provider. Its offering is in the space of Network Attached Storage providing storage controller and Cloud gateway solutions for enterprise companies with distributed offices across the globe, to unify their storage infrastructure. This is powered by their patented File System known as UniFS which unifies all hardware with cloud storage and is delivered as a service on a subscription basis. Nasuni also provides a management console, data security, backup, and WAN Acceleration. Hikma, Ramboll, Ulteig, and Bluebirdbio are some of its clients.
Key facts about Nasuni
- Founded Year: 2009
- Location: Natick (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $219M
- Employee Count: 687 as on May 31, 2026
- Investors: TCV, Savano Capital Partners and 16 Others
- Latest Funding Round: Series F, Jul 09, 2024, $*****
- Highlight: Editors' Pick
Provider of data driven drug discovery and development platform for various industries. The company offers cloud-based hardware and software that enable data-driven discovery, development, and delivery within organizations ranging from biopharma labs to biobanks, analytical labs, and manufacturers in the life sciences and beyond.
Key facts about Elemental Machines
- Founded Year: 2015
- Location: Cambridge (United States)
- Stage: Series B
- Total Funding till date: $52.3M
- Employee Count: 71 as on May 31, 2026
- Investors: Omega Venture Partners, Founders Fund and 22 Others
- Latest Funding Round: Series B, Apr 14, 2026, $*****
- Highlight: Editors' Pick
4. EMBR labs
Provider of a wearable device for monitoring body temperature. The device offers cooling and warming sensations through a wristband. It utilizes thermal waves to stimulate temperature sensitive nerves. The device is designed to provide relief for thermal discomfort. The related mobile application allows users to personalize the experience. The device is worn on the wrist, which is an area of blood flow, and cools or warms the body at a rate of about 0.4 degrees Celsius per second. The prototype consists of a copper alloy based heat sink and a system to control thermal impulses.
Key facts about EMBR labs
- Founded Year: 2014
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $15M
- Employee Count: 18 as on May 31, 2026
- Investors: Intel Capital, Bose Ventures and 14 Others
- Latest Funding Round: Series B, Oct 16, 2024, $*****
- Highlight: Editors' Pick
Provider of behavior analytics and machine learning based data security. It combines behavior analytics with machine learning to protect devices from data loss both inside and outside the enterprise network. It alerts trigger a smart action that captures forensic data, including an image of the user, geo location, ambient audio, and recent user activity.
Key facts about Allure Security
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $49.1M
- Employee Count: 61 as on May 31, 2026
- Investors: Greycroft, Arc Ventures and 9 Others
- Latest Funding Round: Series B, Mar 23, 2026, $*****
- Highlight: Editors' Pick
PBJ Capital's Year-on-Year Investment Trends
PBJ Capital has invested in 44 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Language I/O and most recent follow-on round was in Language I/O.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 2 | 2 |
2023 | 2 | 1 | 3 |
2022 | 6 | 1 | 7 |
2021 | 10 | 0 | 10 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
PBJ Capital's Investments by Stage
PBJ Capital has made 10 investments in Seed stage with an average round size of $6.87M, 9 investments in Series A stage with an average round size of $9.9M, 2 investments in Series B stage with an average round size of $11.5M and 1 investment in Series C stage with an average round size of $26.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 9 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
PBJ Capital's Investments by Sector
PBJ Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Artificial Intelligence - Industry Applications, Enterprise Infrastructure, HealthTech and High Tech. Notably, it has invested in 40 Tech companies, 34 Enterprise (B2B) companies, 28 Software companies and at least 16 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
Artificial Intelligence - Industry Applications | 4 |
Enterprise Infrastructure | 4 |
HealthTech | 4 |
High Tech | 3 |
Others | 15 |
Note: We have considered here, only first round of investments
PBJ Capital's Investments by Geography
PBJ Capital has made most investments in United States (21), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 21 |
Canada | 1 |
Note: We have considered here, only first round of investments
PBJ Capital's recent investments
PBJ Capital has not made any investment in 2026 so far.Here are the most recent investments by PBJ Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 22, 2024 | United States | Series A | 2164 | [+4] | |
Apr 03, 2024 | United States | Series A | 9289 | [+4] | |
Jul 24, 2023 | United States | Series A | 6999 | [+3] | |
May 10, 2023 | United States | Series B | 3484 | [+4] | |
Jan 17, 2023 | United States | Series A | 4739 | [+7] |
Unicorns in PBJ Capital's Portfolio
PBJ Capital has 1 unicorn in its portfolio - Nasuni. The most recent unicorn in their portfolio is Nasuni which became a unicorn in 2024, 2 years before PBJ Capital first invested in it.Here is a list of unicorns in PBJ Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Cloud based enterprise file system storage provider | 2009 | Natick | Series F | zz{yhps |
IPOs and Publicly Listed companies in PBJ Capital's Portfolio
1 of PBJ Capital's portfolio company became public - Frequency Therapeutics. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2019 at marketcap of $426MHere are PBJ Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 03, 2019 | - | - | 9050 |
Acquired companies in PBJ Capital's Portfolio
2 companies from PBJ Capital's portfolio have been acquired. The most recent acquisition was Symbl in May 2025 by Invoca for $*****.Here are PBJ Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 29, 2025 | Nov 05, 2021 | Series A | 3446 | |
Oct 19, 2020 | - | - | 1347 |
Team profile of PBJ Capital
PBJ Capital has a team of 2 members including 2 Partners located in United States. PBJ Capital's team sits on the board of 1 company.Co-investors of PBJ Capital
Over the past 12 years, 173 investors have co-invested in PBJ Capital's portfolio companies. This includes funds and angels.
- Invested before PBJ Capital: Glasswing Ventures, York IE and 73 others have invested in rounds before PBJ Capital. There are 2 companies where Glasswing Ventures has invested before PBJ Capital and 2 companies where York IE has invested before PBJ Capital.
- Top Co-investors of PBJ Capital: 72 investors entered a company along with PBJ Capital. These include investors like Gutbrain Ventures (17 companies).
- Invested after PBJ Capital: A total of 26 investors have invested in PBJ Capital's portfolio after their investments. Top Investors include Ghost Tree Partners (1 company), Aon (1 company) and Joy Ventures (1 company).
Recent News related to PBJ Capital
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Language I/o: $8 Million (Series A1) Raised To Advance Genai Capabilities For Translation ServicesPulse 2.0•Aug 09, 2024•Language I/O, Joint Effects, Wyoming Business, Gutbrain Ventures and 2 others
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Language I/o Announces $5m Investment Led By Gutbrain VenturesPR Newswire•Jul 24, 2024•Language I/O, Gutbrain Ventures, PBJ Capital, Omega Venture Partners and 1 other
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Allure Security: Brand Protection-As-A-Service Company Raises $10 MillionPulse 2.0•Apr 06, 2024•Allure Security, Curql, Glasswing Ventures, Zetta Venture Partners and 3 others
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Language I/O Raises $8M in Series A1 FundingFinSMEs•Aug 04, 2023•Language I/O, Wyoming Business, Joint Effects, Gutbrain Ventures and 3 others
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Datanomix secures $12M in growth funding to expand its production intelligence platform for industrial manufacturersTechStartups.com•May 11, 2023•Datanomix, MK Capital, PBJ Capital, Gutbrain Ventures and 1 other
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Splitero Secures $11.7M in Series A Funding Led by Fiat VenturesPRWeb•Jan 17, 2023•Splitero, Gemini Ventures, PBJ Capital, Permit Ventures and 6 others
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Data security company "Sotero" received a new round of financing of $ 8 million, led by OurCrowdCui Niuhui•Jul 26, 2022•Sotero, OurCrowd, Gutbrain Ventures, PBJ Capital and 1 other
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Sotero Closes $8M Seed Extension FundingFinSMEs•Jul 26, 2022•Sotero, OurCrowd, Gutbrain Ventures, PBJ Capital and 2 others
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Blustream makes Series A funding and new board and leadership announcementsRetail Technology Innovation Hub•Jul 19, 2022•Blustream, PBJ Capital, Gutbrain Ventures, York IE and 1 other
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iRestify closes $6 million to bring building maintenance solution to the usBetaKit•Mar 08, 2022•iRestify, Gutbrain Ventures, PBJ Capital, Export Development Canada and 2 others
