About Platform Capital Management
Platform Capital Management is a venture capital firm founded in 2005. It is primarily based out of Albany, United States. As of Mar 2026, Platform Capital Management is an active investor, having invested in 24 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and High Tech. Most recently it participated in the $***** Series B round of Ernesta Overall, Platform Capital Management portfolio has seen 2 unicorns, 1 IPO and 5 acquisitions including key companies like Kraken, Moneylion and Peloton. A lot of funds co-invest with Platform Capital Management, with names like Addition sharing a substantial percentage of its portfolio. Platform Capital Management has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series B
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Platform Capital Management's List of Top Investments
Platform Capital Management has a portfolio of 24 companies, including 2 unicorns. Their most notable investments include Kraken and Moneylion.Their portfolio spans across United States and Canada. They have invested in Consumer, Retail, High Tech and 14 other sectors, across stages such as Series B stage. Here is the list of top investments by Platform Capital Management:1. Kraken
Provider of a multi-asset trading platform. It is a multi-faceted company offering a range of services including cryptocurrency trading, asset management, and digital marketing solutions.
Key facts about Kraken
- Founded Year: 2011
- Location: Cheyenne (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $866M
- Employee Count: 1,132 as on May 31, 2026
- Investors: ADS Ventures, InvestX and 124 Others
- Latest Funding Round: Series D, Jan 20, 2026, $*****
- Highlight: Editors' Pick
2. Moneylion
Online platform for instant consumer loans and mobile banking. Its product offerings include installment loans, line of credit, pre-paid debit cards, and point-of-sale financing. It also offers loan comparison, savings, investments, and more.
Key facts about Moneylion
- Founded Year: 2013
- Location: Sandy (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $268M
- Employee Count: 501 as on May 31, 2026
- Investors: Arc Ventures, DHVC and 20 Others
- Latest Funding Round: Series C, Jul 23, 2019, $*****
- Highlight: Acquired
3. Peloton
Provider of smart fitness training equipment and training platforms. It offers an app-based platform for streaming fitness classes integrated into indoor cycling equipment. It uses cloud-based streaming video technology and a proprietary Android-powered console to deliver fitness lessons to users.
Key facts about Peloton
- Founded Year: 2011
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Jun 30, 2025
- Stage: Public
- Total Funding till date: $996M
- Employee Count: 2,917 as on May 31, 2026
- Investors: TCV, Fidelity Investments and 40 Others
- Latest Funding Round: Post IPO, Feb 09, 2021, $*****
- Highlight: Public
4. Ember
Manufacturer of temperature-controlled drinkware and baby bottles. The company designs and produces smart mugs and bottles that maintain precise temperatures for extended periods. These products utilize patented technology for temperature control and often integrate with smartphone apps for customized settings. The product line includes various sizes and styles of mugs and a baby bottle system designed for warming milk or formula. The company focuses on innovative design and premium materials in its products.
Key facts about Ember
- Founded Year: 2001
- Location: Irvine (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $203M
- Employee Count: 130 as on Dec 31, 2022
- Investors: RRE Ventures, EDBI and 19 Others
- Latest Funding Round: Series E, Jun 27, 2023, $*****
- Highlight: Acquired
5. Away
Online retailer of luggage, bags, travel accessories, and related items. The business provides a variety of carry-ons, checked luggage, and personal bags. Accessories such as packing organizers, toiletry bags, and luggage tags are available. The retailer also offers a collection of lightweight travel items.
Key facts about Away
- Founded Year: 2015
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $181M
- Employee Count: 579 as on May 31, 2026
- Investors: Accel, Baillie Gifford and 26 Others
- Latest Funding Round: Series D, May 14, 2019, $*****
- Highlight: Editors' Pick
Platform Capital Management's Year-on-Year Investment Trends
As of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Ernesta.Platform Capital Management's Investments by Stage
Platform Capital Management has made 1 investment in Series B stage with an average round size of $20M.Platform Capital Management's Investments by Sector
Platform Capital Management has a portfolio focused on Consumer Goods. Notably, it has invested in 12 Consumer (B2C) companies, 12 Tech companies, 4 Enterprise (B2B) companies and at least 2 companies focusing on Blockchain.Platform Capital Management's Investments by Geography
Platform Capital Management has made most investments in United States (1).Platform Capital Management's recent investments
Platform Capital Management has made 1 investments in 2026 so far - Ernesta.Here are the most recent investments by Platform Capital Management:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2026 | United States | Series B | 1871 | [+1] |
Unicorns in Platform Capital Management's Portfolio
Platform Capital Management has 2 unicorns in its portfolio - Kraken and Away. The most recent unicorn in their portfolio is Kraken. It became a unicorn in 2021, 5 years before Platform Capital Management first invested in it.Here is a list of unicorns in Platform Capital Management's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
86 | Provider of a multi-asset trading platform | 2011 | Cheyenne | Series D | zdwbfyf | ||
70 | Online retailer of luggage, bags, travel accessories, and related items | 2015 | Austin | Series D | fglglzr |
IPOs and Publicly Listed companies in Platform Capital Management's Portfolio
1 of Platform Capital Management's portfolio company became public - Peloton. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2019.Here are Platform Capital Management's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2019 | - | - | 7563 |
Acquired companies in Platform Capital Management's Portfolio
5 companies from Platform Capital Management's portfolio have been acquired. The most recent acquisition was Moneylion in Dec 2024 by Gen for $*****.Here are Platform Capital Management's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2024 | - | - | 8869 | |
Dec 13, 2022 | - | - | 3156 | |
Oct 15, 2019 | - | - | 9421 | |
Jun 28, 2018 | - | - | 4957 | |
May 21, 2012 | - | - | 3206 |
Team profile of Platform Capital Management
Platform Capital Management has a team of 4 members including 2 Partners. Platform Capital Management's team does not sit on the board of any company as of now.Co-investors of Platform Capital Management
Over the past year, 2 investors have co-invested in Platform Capital Management's portfolio companies. This includes funds and angels.
- Top Co-investors of Platform Capital Management: 2 investors entered a company along with Platform Capital Management. These include investors like Addition (1 company).
Recent News related to Platform Capital Management
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Ernesta Raises $20 Million Series B to Expand RetailFootprint and Technology Platforms for Custom Rugsintelligence360•Mar 11, 2026•Ernesta, Platform Capital Management, Addition Capital, True Ventures and 2 others
