About PJC
PJC is a venture capital firm founded in 2001. It is primarily based out of Boston, United States. As of Nov 2025, PJC has invested in 109 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 Consumer. Most recently it participated in the $***** Seed round of Ruli AI Overall, PJC portfolio has seen 1 unicorn, 2 IPOs and 49 acquisitions including key companies like BlockFi, Nest and Accela. A lot of funds co-invest with PJC, with names like SV Angel sharing a substantial percentage of its portfolio. PJC has team of 24 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
PJC's List of Top Investments
PJC has a portfolio of 109 companies, one of which is a Unicorn. Their most notable investments are in Kudos and BlockFi.Their portfolio spans across United States, Russia, Australia and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 30 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by PJC:
1. BlockFi
Online platform for trading, crypto-backed loans, interest accounts, and wallets. The platform tracks all the historical transaction details and assists in tax reporting. It also offers solutions for miners, exchanges, and Crypto ATMs. Its app is available for Android and iOS users.
Key facts about BlockFi
- Founded Year: 2017
- Location: Jersey City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $466M
- Employee Count: 179 as on May 31, 2026
- Investors: Fidelity Investments, DST Global and 64 Others
- Latest Funding Round: Conventional Debt, Jun 22, 2022, $*****
- Highlight: Acquired
2. Nest
Provider of hardware and software for monitoring home energy consumption. It is open to developers nest Protect, a better smoke and carbon monoxide detector.
Key facts about Nest
- Founded Year: 2010
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $80M
- Employee Count: 48 as on May 31, 2026
- Investors: Generation Investment Management, Google Ventures and 12 Others
- Latest Funding Round: Series C, Jan 29, 2013, $*****
- Highlight: Acquired
3. Accela
Suite of administrative tools and civic engagement platform. It provides both on-premises and cloud solutions to governments for land, permitting, asset, licensing, right-of-way, legislative management, and resource and recreation management processes. The solutions are targeted towards city, county, state, and federal government agencies. Claims to have more than 2200 local and state government customers and more than 50% of cities in the U.S are permitting/licensing customers. Acquired Publicstuff, Springbook software, and Softright in 2015; Acquired Decade Software Company, Government Outreach, Kinsail, Envista, IQM2, GeoTMS in 2014.
Key facts about Accela
- Founded Year: 1999
- Location: San Ramon (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $236M
- Employee Count: 549 as on May 31, 2026
- Investors: Golub Growth, Francisco Partners and 8 Others
- Latest Funding Round: Series F, Sep 06, 2023, $*****
- Highlight: Acquired
4. Yandex
Provider of an AI-enabled keyword-based search engine. It offers solutions for businesses and consumers. It offers various solutions like a keyword-based search engine, email services, navigation solutions, digital advertising, and more.
Key facts about Yandex
- Founded Year: 1997
- Location: Moscow (Russia)
- Stage: Acquired
- Employee Count: 9,726 as on Mar 31, 2026
- Investors: Fidelity Investments, Taaleri and 12 Others
- Latest Funding Round: Post IPO, May 28, 2025, $*****
- Highlight: Acquired
5. Expensify
Provider of expense management software, corporate cards, and travel booking. The platform offers tools for receipt scanning, expense report submission, and employee reimbursement. It provides features such as automated expense categorization, policy violation flagging, and spend management. The software integrates with accounting systems and offers mobile app accessibility.
Key facts about Expensify
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $27.8M
- Employee Count: 224 as on May 31, 2026
- Investors: OpenView, Delta-v Capital and 11 Others
- Latest Funding Round: Series B, Jul 27, 2015, $*****
- Highlight: Public
PJC's Year-on-Year Investment Trends
PJC has invested in 109 companies over the last 23 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Cohora and most recent follow-on round was in Ruli AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 3 | 3 |
2024 | 4 | 0 | 4 |
2023 | 3 | 0 | 3 |
2022 | 5 | 2 | 7 |
2021 | 6 | 2 | 8 |
2020 | 6 | 3 | 9 |
2019 | 2 | 4 | 6 |
2018 | 1 | 2 | 3 |
2017 | 5 | 2 | 7 |
PJC's Investments by Stage
PJC has made 34 investments in Series A stage with an average round size of $6.36M, 24 investments in Seed stage with an average round size of $3.56M, 10 investments in Series B stage with an average round size of $14.5M, 1 investment in Series D stage with an average round size of $16M and 1 investment in Unattributed stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Series A | 34 |
Seed | 24 |
Series B | 10 |
Series D | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
PJC's Investments by Sector
PJC has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, HealthTech and Retail. Notably, it has invested in 91 Tech companies, 73 Enterprise (B2B) companies, 61 Software companies and at least 37 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 38 |
Consumer | 17 |
High Tech | 14 |
HealthTech | 9 |
Retail | 9 |
Others | 89 |
Note: We have considered here, only first round of investments
PJC's Investments by Geography
PJC has made most investments in United States (68), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 68 |
Canada | 1 |
Luxembourg | 1 |
Note: We have considered here, only first round of investments
PJC's recent investments
PJC has not made any investment in 2026 so far.Here are the most recent investments by PJC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 04, 2025 | United States | Seed | 4702 | [+4] | |
Sep 10, 2025 | United States | Series A | 8620 | [+8] | |
Jan 30, 2025 | United States | Series E | 1361 | [+3] | |
Sep 10, 2024 | Luxembourg | Seed | 5363 | ||
Aug 24, 2024 | United States | Seed | 9823 | [+4] |
Unicorns in PJC's Portfolio
PJC has 1 unicorn in its portfolio - Nexamp. The most recent unicorn in their portfolio is Nexamp which became a unicorn in 2024, 14 years after PJC first invested in it.Here is a list of unicorns in PJC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of community solar programs and energy solutions for businesses | 2007 | Boston | Series E | xbazhgl |
IPOs and Publicly Listed companies in PJC's Portfolio
2 of PJC's portfolio companies have become public. Expensify got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 at marketcap of $1.82B and Yandex got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.03B.Here are PJC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 10, 2021 | Sep 30, 2014 | Series B | 2398 | |
May 24, 2011 | - | - | 3079 |
Acquired companies in PJC's Portfolio
49 companies from PJC's portfolio have been acquired. The most recent acquisition was Machinery Partner in May 2026 by Phoenix Tailings for $*****.Here are PJC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 08, 2026 | Aug 12, 2021 | Seed | 9857 | |
Oct 22, 2025 | - | - | 8248 | |
Jun 02, 2025 | Oct 27, 2010 | Series A | 8035 | |
Apr 23, 2025 | Apr 07, 2021 | Seed | 5717 | |
Aug 01, 2024 | May 05, 2009 | Series A | 7897 |
Team profile of PJC
PJC has a team of 24 members including 7 Partners and 3 Venture Partners located in United States and India. PJC's team sits on the board of 1 company.Here is a list of top team members in PJC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hyderabad | - | - | |
Partner | Bainbridge Island | - | - | |
Partner | Boston | - | - | |
Partner | Addison | - | - | |
Partner | Chicago | - | - | |
Partner | Los Angeles | - | - | |
Partner | New York City | - | - | |
Venture Partner | Atlanta | - | - | |
Venture Partner | - | |||
Venture Partner | Boston | - | - |
Co-investors of PJC
Over the past 23 years, 462 investors have co-invested in PJC's portfolio companies. This includes funds and angels.
- Invested before PJC: Techstars, Y Combinator and 97 others have invested in rounds before PJC. There are 3 companies where Techstars has invested before PJC and 3 companies where Y Combinator has invested before PJC.
- Top Co-investors of PJC: 219 investors entered a company along with PJC. These include investors like SV Angel (3 companies).
- Invested after PJC: A total of 144 investors have invested in PJC's portfolio after their investments. Top Investors include Y Combinator (3 companies), Jump Capital (2 companies) and Kayne Anderson Capital Advisors (2 companies).
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