About PSG
PSG is a venture capital firm founded in 2014. It is primarily based out of Boston, United States. As of Sep 2026, PSG is an active investor, having invested in 193 companies, with 16 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of REBA Overall, PSG portfolio has seen 7 unicorns, 1 IPO and 55 acquisitions including key companies like Mistral AI, IMPACT and Stax. A lot of funds co-invest with PSG, with names like Greater Sum Ventures sharing a substantial percentage of its portfolio. PSG has team of 243 people including 86 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 7 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
PSG's List of Top Investments
PSG has a portfolio of 193 companies, including 7 unicorns. Their most notable investments are in Hostaway and Iron Scales.Their portfolio spans across United States, France, Germany and 12 more locations. They have invested in Enterprise Applications, FinTech, Enterprise Infrastructure and 25 other sectors, across stages such as Seed, Series B and 7 more. Here is the list of top investments by PSG:1. Mistral AI
Provider of customizable, open-source artificial intelligence models and solutions for various applications. It is a company specializing in open-source large language models and generative AI, providing cutting-edge language models for various applications.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $6.54B
- Employee Count: 1,611 as on Aug 31, 2026
- Investors: Redpoint Ventures, BNP Paribas and 63 Others
- Latest Funding Round: Series D, Sep 08, 2026, $*****
- Highlight: Editors' Pick
2. IMPACT
Provider of platform for managing affiliate, influencer, and referral marketing partnerships. Sale of access to exclusive digital content on the topic of neural networks guides, checklist,AI prompts in subscription format for freelancers and entrepreneurs payments are accepted in the Telegram bot. It offers tools for partner discovery, contract management, payment processing, and performance tracking. The platform facilitates engagement, protection, and optimization across the partnership lifecycle. It supports various partnership types, including brand to brand, commerce content, and mobile partnerships.
Key facts about IMPACT
- Founded Year: 2008
- Location: Santa Barbara (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $376M
- Employee Count: 3,697 as on Sep 30, 2026
- Investors: Archer Venture Capital, Redpoint Ventures and 12 Others
- Latest Funding Round: Series D, May 16, 2022, $*****
- Highlight: Editors' Pick
Provider of cloud-powered qubit controllers for quantum computers. It provides users with the development of quantum control and operation systems for quantum computers (both hardware and software). It also focuses to combine classical computer engineering techniques with quantum computing technology to build quantum infrastructure.
Key facts about Quantum Machines
- Founded Year: 2018
- Location: Tel Aviv (Israel)
- Stage: Series C
- Total Funding till date: $280M
- Employee Count: 332 as on Aug 31, 2026
- Investors: Qualcomm Ventures, Exor and 19 Others
- Latest Funding Round: Series C, Feb 25, 2025, $*****
- Highlight: Editors' Pick
4. Stax
Payment processing solutions for businesses. It offers all-in-one payment processing solutions to small and large enterprises. It offers solutions like Stax bill management, invoicing, Stax connect, Stax pay, contactless payment solutions, and more.
Key facts about Stax
- Founded Year: 2014
- Location: Orlando (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $264M
- Employee Count: 284 as on Sep 30, 2026
- Investors: HarbourVest Partners, Florida Opportunity Fund and 8 Others
- Latest Funding Round: Series D, Mar 09, 2022, $*****
- Highlight: Acquired
5. Bitwarden
Provider of a cloud-enabled password manager tool. The tool helps to manage passwords across different websites. The passwords are encrypted and stored in the cloud. Data can be shared with any device. The data is sealed with AES-256 bit encryption. It is open-source software and is available for iOS and Android phones. It uses a freemium model for pricing.
Key facts about Bitwarden
- Founded Year: 2015
- Location: Santa Barbara (United States)
- Stage: Series C
- Total Funding till date: $100M
- Employee Count: 286 as on Sep 30, 2026
- Investors: BayHawk Capital, Starexus and 4 Others
- Latest Funding Round: Series C, Sep 06, 2022, $*****
- Highlight: Editors' Pick
PSG's Year-on-Year Investment Trends
PSG has invested in 209 companies over the last 10 years, with an average of 12 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Sep 2026, it has made 15 investments in this year. Its most recent first time investment was in REBA and most recent follow-on round was in Airis Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 2 | 15 |
2025 | 16 | 0 | 16 |
2024 | 13 | 5 | 18 |
2023 | 15 | 0 | 15 |
2022 | 27 | 1 | 28 |
2021 | 20 | 1 | 21 |
2020 | 7 | 2 | 9 |
2019 | 6 | 0 | 6 |
2018 | 3 | 0 | 3 |
2017 | 3 | 0 | 3 |
PSG's Investments by Stage
PSG has made 30 investments in Seed stage, 25 investments in Series B stage with an average round size of $51.9M and 25 investments in Series C stage with an average round size of $78M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series B | 25 |
Series C | 25 |
Series A | 21 |
PE | 10 |
Others | 13 |
Note: We have considered here, only first round of investments
PSG's Investments by Sector
PSG has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Enterprise Infrastructure, Consumer and FinTech. Notably, it has invested in 176 Tech companies, 172 Enterprise (B2B) companies, 157 Software companies and at least 125 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 111 |
Vertical SaaS | 38 |
Enterprise Infrastructure | 21 |
Consumer | 13 |
FinTech | 13 |
Others | 94 |
Note: We have considered here, only first round of investments
PSG's Investments by Geography
PSG has made most investments in United States (80), followed by France where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 80 |
France | 8 |
Israel | 7 |
Germany | 6 |
Canada | 5 |
Others | 18 |
Note: We have considered here, only first round of investments
PSG's recent investments
PSG has made 15 investments in 2026 so far. REBA and Mistral AI are the latest among them.Here are the most recent investments by PSG:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 09, 2026 | United States | Series A | 2550 | - | |
Sep 08, 2026 | France | Series D | 8277 | [+21] | |
Aug 20, 2026 | United States | Seed | 2105 | - | |
Aug 03, 2026 | United States | Series E | 6555 | [+11] | |
Jul 09, 2026 | Belgium | Seed | 4100 | - |
Unicorns in PSG's Portfolio
PSG has 7 unicorns in its portfolio - Horizon Three AI, Blitzy, Aikido and others. The most recent unicorn in their portfolio is Horizon Three AI. It became a unicorn in 2026.Here is a list of unicorns in PSG's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Cloud based pentesting platform | 2019 | San Francisco | Series E | mxmputa | ||
64 | AI powered IT application development platform | 2023 | Cambridge | Series B | xewlyjp | ||
62 | Platform offering cloud security software | 2022 | Ghent | Series B | nvbhra{ | ||
78 | Provider of customizable, open-source artificial intelligence models and solutions for various applications | 2023 | Paris | Series D | zjas{jf | ||
52 | Cloud-based contacts database and lead generation platform | 2016 | New York City | Series B | ryktmrv |
IPOs and Publicly Listed companies in PSG's Portfolio
1 of PSG's portfolio company became public - EverCommerce. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2021 at marketcap of $3.27BHere are PSG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2021 | - | - | 8842 |
Acquired companies in PSG's Portfolio
55 companies from PSG's portfolio have been acquired. The most recent acquisition was Sidero in Sep 2026 by Yardi for $*****.Here are PSG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 15, 2026 | - | - | 1825 | |
Sep 09, 2026 | - | - | 1002 | |
Jul 28, 2026 | - | - | 2972 | |
Apr 16, 2026 | Jun 02, 2021 | Series B | 9685 | |
Feb 19, 2026 | Aug 03, 2021 | Series A | 5377 |
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Team profile of PSG
PSG has a team of 243 members including 86 Partners and 56 Principals located in United States, United Kingdom and 2 more locations. PSG's team sits on the board of 3 companies.Here is a list of top team members in PSG:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Boston | - | - | |
Partner | United Kingdom | - | - | |
Partner | United Kingdom | - | ||
Partner | Washington | - | ||
Partner | Boston | - | ||
Partner | Boston | - | ||
Partner | Tel Aviv Yafo | |||
Partner | London | - | - | |
Partner | Boston | - | - |
Co-investors of PSG
Over the past 10 years, 423 investors have co-invested in PSG's portfolio companies. This includes funds and angels.
- Invested before PSG: Redpoint Ventures, Silversmith and 328 others have invested in rounds before PSG. There are 3 companies where Redpoint Ventures has invested before PSG and 3 companies where Silversmith has invested before PSG.
- Top Co-investors of PSG: 75 investors entered a company along with PSG. These include investors like Greater Sum Ventures (3 companies).
- Invested after PSG: A total of 18 investors have invested in PSG's portfolio after their investments. Top Investors include Providence Equity Partners (2 companies), Qatar Investment Authority (1 company) and W Capital Partners (1 company).
Recent News related to PSG
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Samsung Invests $3.5 Billion in Mistral AI to Enhance Semiconductor OperationsCryptocurrency•Sep 08, 2026•Mistral AI, Samsung, PSG, EQT and 4 others
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Horizon3 Raises $250 Million for AI-Driven Cyber DefensePYMNTS.com•Aug 04, 2026•Horizon Three AI, Nea, NightDragon, New Enterprise Associates and 10 others
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CHR welcomes PSG Equity to acquire two companiesLes Echos•Jun 02, 2026•Epackpro, Verto, PSG, Rmoni Wireless
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CHR Group Acquires Rmoni and Andy to Bolster Digital Foodservice SolutionsPR Newswire•Jun 01, 2026•The Chr Group, Rmoni Wireless, Verto, PSG and 1 other
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Airis Labs Raises $31M Series B Led by PSG Equity to Expand AI Defense-Tech PlatformThe SaaS News•May 28, 2026•PSG, TLV Partners
