About Rally Ventures
Rally Ventures is a venture capital firm founded in 2012. It is primarily based out of Menlo Park, United States. As of Mar 2026, Rally Ventures is an active investor, having invested in 126 companies, with 3 new investments in the last 12 months. 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 Enterprise Infrastructure and FinTech. Most recently it participated in the $***** Seed round of Captur Overall, Rally Ventures portfolio has seen 2 unicorns, 2 IPOs and 62 acquisitions including key companies like Coupa, UiPath and Harness. A lot of funds co-invest with Rally Ventures, with names like Crosslink Capital sharing a substantial percentage of its portfolio. Rally Ventures has team of 154 people including 146 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Deals in last 12 months
Rally Ventures' List of Top Investments
Rally Ventures has a portfolio of 126 companies, including 2 unicorns. Their most notable investments are in Ottometric and Atavium.Their portfolio spans across United States, Canada, Israel and 4 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, FinTech and 23 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Rally Ventures:
1. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Annual Revenue: $725M as on Jan 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $169M
- Employee Count: 3,361 as on May 02, 2025
- Investors: Rally Ventures, Premji Invest and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Highlight: Acquired
2. UiPath
Provider of a platform for agentic automation and AI solutions. The platform unites AI agents, robots, and people to orchestrate complex work. It delivers business impact through AI process transformation. The platform enables prototyping and collaboration for outcome validation and deployment. It empowers business owners, low-code users, developers, and IT teams to co-create.
Key facts about UiPath
- Founded Year: 2005
- Location: New York City (United States)
- Annual Revenue: $1.43B as on Jan 31, 2025
- Stage: Public
- Total Funding till date: $1.96B
- Employee Count: 3,868 as on Jan 31, 2025
- Investors: HTIF, Harmony Venture Partners and 44 Others
- Latest Funding Round: Series F, Feb 01, 2021, $*****
- Highlight: Public
3. Harness
Provider of platform for software delivery, security, testing, and cost optimization. The platform offers continuous integration, continuous delivery, feature flags, and cloud cost management. It also provides service reliability management, security testing orchestration, and chaos engineering. The platform includes software engineering insights, continuous error tracking, and infrastructure as code management.
Key facts about Harness
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $614M
- Employee Count: 1,632 as on Feb 28, 2026
- Investors: Rally Ventures, Scale Up Venture Capital and 30 Others
- Latest Funding Round: Series E, Dec 11, 2025, $*****
- Highlight: Editors' Pick
4. Carbon Black
Carbon Black provides a cloud endpoint protection platform. The product offers cloud workload protection. The features of the product include attack surface detection and prevention, threat detection, managed detection, alerts, security assessment, vulnerability protection, etc.
Key facts about Carbon Black
- Founded Year: 2002
- Location: San Antonio (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $58.3M
- Employee Count: 253 as on Jan 31, 2026
- Investors: HTIF, Kepha Partners and 13 Others
- Latest Funding Round: Series D, Feb 03, 2016, $*****
- Highlight: Acquired
5. Braze
Provider of a platform for cross-channel customer engagement and messaging. The platform unifies data, facilitates AI-powered decisioning, and enables personalized customer experiences. It offers tools for journey orchestration, reporting, and analytics across various channels. The platform supports email, mobile app messaging, web messaging, and SMS/RCS communications.
Key facts about Braze
- Founded Year: 2011
- Location: New York City (United States)
- Annual Revenue: $593M as on Jan 31, 2025
- Stage: Public
- Total Funding till date: $175M
- Employee Count: 2,276 as on Feb 28, 2026
- Investors: Icon Ventures, Cross Creek and 23 Others
- Latest Funding Round: Series E, Oct 03, 2018, $*****
- Highlight: Public
Rally Ventures' Year-on-Year Investment Trends
Rally Ventures has invested in 126 companies over the last 13 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Captur and most recent follow-on round was in 401GO.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 3 | 5 | 8 |
2024 | 5 | 2 | 7 |
2023 | 4 | 9 | 13 |
2022 | 9 | 9 | 18 |
2021 | 11 | 3 | 14 |
2020 | 4 | 3 | 7 |
2019 | 3 | 4 | 7 |
2018 | 2 | 6 | 8 |
2017 | 5 | 5 | 10 |
Rally Ventures' Investments by Stage
Rally Ventures has made 34 investments in Series A stage with an average round size of $10.4M, 25 investments in Seed stage with an average round size of $4.2M, 7 investments in Series B stage with an average round size of $16.7M, 1 investment in Series C stage with an average round size of $20.4M and 1 investment in Series G stage with an average round size of $80M.Stage of entry | No. of Investments |
|---|---|
Series A | 34 |
Seed | 25 |
Series B | 7 |
Series C | 1 |
Series G | 1 |
Note: We have considered here, only first round of investments
Rally Ventures' Investments by Sector
Rally Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, Vertical SaaS and Consumer. Notably, it has invested in 111 Enterprise (B2B) companies, 108 Tech companies, 94 Software companies and at least 60 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 55 |
Enterprise Infrastructure | 23 |
FinTech | 14 |
Vertical SaaS | 12 |
Consumer | 7 |
Others | 38 |
Note: We have considered here, only first round of investments
Rally Ventures' Investments by Geography
Rally Ventures has made most investments in United States (64), followed by Israel where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 64 |
Israel | 2 |
Canada | 1 |
Denmark | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Rally Ventures' recent investments
Rally Ventures has made 2 investments in 2026 so far - Captur and OTTO SPORT AI.Here are the most recent investments by Rally Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 10, 2026 | United Kingdom | Seed | 1699 | ||
Jan 15, 2026 | United States | Seed | 2117 | ||
Dec 09, 2025 | United States | Series B | 2074 | ||
Jul 10, 2025 | United States | Seed | 6565 | - | |
Jun 10, 2025 | United States | Series A | 1158 | [+1] |
Unicorns in Rally Ventures' Portfolio
Rally Ventures has 2 unicorns in its portfolio - Bugcrowd and Harness. The most recent unicorn in their portfolio is Bugcrowd. It became a unicorn in 2024, 8 years after Rally Ventures first invested in it.Here is a list of unicorns in Rally Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing | 2012 | San Francisco | Series E | lnelwfd | ||
78 | Provider of platform for software delivery, security, testing, and cost optimization | 2017 | San Francisco | Series E | qa{zev{ |
IPOs and Publicly Listed companies in Rally Ventures' Portfolio
2 of Rally Ventures' portfolio companies have become public. Braze got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 at marketcap of $5.87B and UiPath got listed on the New York Stock Exchange (NYSE).Here are Rally Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 17, 2021 | May 04, 2016 | Series C | 4139 | |
Apr 21, 2021 | - | - | 6605 |
Acquired companies in Rally Ventures' Portfolio
62 companies from Rally Ventures' portfolio have been acquired. The most recent acquisition was Qualifi in Oct 2025 by Humanly for $*****.Here are Rally Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 14, 2025 | Nov 08, 2021 | Seed | 8561 | |
May 27, 2025 | - | - | 2200 | |
Oct 05, 2023 | Nov 30, 2021 | Series A | 9934 | |
Jul 12, 2023 | Jul 14, 2016 | Series A | 5947 | |
Jan 12, 2023 | Sep 23, 2019 | Series A | 2239 |
Team profile of Rally Ventures
Rally Ventures has a team of 154 members including 146 Partners, 4 Venture Partners and 3 Principals located in United States, United Kingdom and 1 more location. Rally Ventures' team sits on the board of 4 companies.Here is a list of top team members in Rally Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | |||
Partner | Minneapolis | - | ||
Partner | Portola Valley | - | ||
Partner | Browerville | - | ||
Partner | - | - | ||
Partner | Woodstock | - | ||
Partner | - | - | ||
Partner | San Francisco | - | ||
Partner | Washington, DC | - | ||
Partner | Seattle | - |
Co-investors of Rally Ventures
Over the past 13 years, 330 investors have co-invested in Rally Ventures's portfolio companies. This includes funds and angels.
- Invested before Rally Ventures: Icon Ventures, Menlo Ventures and 90 others have invested in rounds before Rally Ventures. There are 3 companies where Icon Ventures has invested before Rally Ventures and 2 companies where Menlo Ventures has invested before Rally Ventures.
- Top Co-investors of Rally Ventures: 115 investors entered a company along with Rally Ventures. These include investors like Crosslink Capital (9 companies).
- Invested after Rally Ventures: A total of 123 investors have invested in Rally Ventures's portfolio after their investments. Top Investors include Citi Ventures (2 companies), SVB (2 companies) and Capital One Ventures (2 companies).
Recent News related to Rally Ventures
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OTTO SPORT AI Raises $16.5M in Seed FundingFinSMEs•Jan 15, 2026•Mamba Growth, Rally Ventures, OTTO SPORT AI, OTTO Sport
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401GO Secures $33M Series B Led By Centana To Advance Retirement SolutionsFinancial IT•Dec 09, 2025•401GO, Next Frontier Capital, Centana Growth Partners, Rally Ventures and 1 other
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Ankored Secures Seed Funding to Simplify Safety and AccessibilityGlobeNewswire•Sep 23, 2025•Ankored, Rally Ventures
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Ostra Security Extends Series A, Acquires Blackwell Security for Cyber DefenseGlobal Fintech Series•Aug 07, 2025•Blackwell Security, Ostra, General Catalyst, Rally Ventures
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Pgedge gets funding from Akamai & Qrt to boost distributed Postgres for edge computing.intelligence360•Mar 24, 2025•pgEdge, Akamai, Qube Research & Technologies, Rally Ventures and 1 other
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Akamai and QRT invest in pgEdge, boosting distributed PostgreSQL for edge computing.CIO Influence•Mar 11, 2025•pgEdge, Akamai, Qube Research & Technologies, Rally Ventures and 1 other
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Incept AI Raises $3 Million to Bring Voice AI to the Real WorldAiThority•Feb 19, 2025•Rally Ventures, 10vc, Google, OpenAI and 1 other
