About Root Ventures
Root Ventures is a venture capital firm founded in 2013. It is primarily based out of San Francisco, United States. As of May 2026, Root Ventures is an active investor, having invested in 55 companies, with 1 new investment 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 High Tech and Retail. Most recently it participated in the $***** Seed round of illoca Overall, Root Ventures portfolio has seen 2 unicorns, 1 IPO and 11 acquisitions including key companies like Particle, Cloudastructure and Adept. A lot of funds co-invest with Root Ventures, with names like Haystack sharing a substantial percentage of its portfolio. Root Ventures has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Root Ventures' List of Top Investments
Root Ventures has a portfolio of 55 companies, including 2 unicorns. Their most notable investments are in Privacy Dynamics and Crux OCM.Their portfolio spans across United States, Canada, India and 5 more locations. They have invested in Enterprise Applications, High Tech, Retail and 23 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Root Ventures:
1. Particle
Developer of a prototype to production connectivity platform for IoT. Its Photon Wi-Fi and the Electron 2G3G cellular are primary prototyping platforms for integrating connectivity into devices. The product is primarily aimed at designers and developers rather than at enterprises.
Key facts about Particle
- Founded Year: 2011
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $135M
- Employee Count: 117 as on Mar 31, 2026
- Investors: Western Technology Investment, Spark Capital and 20 Others
- Latest Funding Round: Series C, Mar 13, 2025, $*****
- Highlight: Acquired
Provider of cloud and AI-based integrated video analytics systems. It offers integrated building automation solutions for video monitoring and surveillance as a Service (VSaaS), door Access Controls as a Service (ACaaS), as well as integration with sensors to support IoT initiatives. the solution centralizes the management of access control with video monitoring and allows customers to scale geographically to multiple locations.
Key facts about Cloudastructure
- Founded Year: 2013
- Location: San Mateo (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $31.3M
- Employee Count: 61 as on May 31, 2026
- Investors: BVA, Root Ventures and 9 Others
- Latest Funding Round: Post IPO, Apr 21, 2025, $*****
- Highlight: Public
3. ChargeLab
Provider of electric vehicle station management solution. It offers an OCPP-compliant software that manages, controls, and monetizes the EV charging stations. It also offers turnkey Level 2 and Level 3 EV charging infrastructures for offices, buildings, and homes.
Key facts about ChargeLab
- Founded Year: 2019
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 53 as on May 31, 2026
- Investors: Expansion Venture Capital, MaRS Discovery District and 10 Others
- Latest Funding Round: Series A, Apr 14, 2023, $*****
- Highlight: Editors' Pick
4. Instrumental
Provider of production analysis for manufacturing industry. It offers inspections stations and intelligent software tools for optimizing products and manufacturing lines through machine learning algorithms. Its product offerings include Instrumental DEV for issue discovery, failure analysis, and corrective actions during the hardware development process, and Instrumental MP for operations and manufacturing teams to save rework costs and field failure analysis. It enables companies to identify the defective unit, carry out the root cause analysis, monitor the manufacturing line remotely, and others.
Key facts about Instrumental
5. Esper
Cloud based application deployment and device management platform. It leverages devops software development features such as cloud APIs, SDKs, and software rollouts to deploy product, application, and operating system updates. Features include drift management, pipelines, and more. It caters to industries such as healthcare, retail, education, and more.
Key facts about Esper
- Founded Year: 2017
- Location: Bellevue (United States)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Stage: Series C
- Total Funding till date: $102M
- Employee Count: 209 as on May 31, 2026
- Investors: Amazon, Insight Partners and 8 Others
- Latest Funding Round: Series C, Oct 04, 2021, $*****
- Highlight: Editors' Pick
Root Ventures' Year-on-Year Investment Trends
Root Ventures has invested in 55 companies over the last 14 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in illoca and most recent follow-on round was in Instrumental.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 0 | 2 | 2 |
2024 | 3 | 1 | 4 |
2023 | 4 | 0 | 4 |
2022 | 4 | 5 | 9 |
2021 | 4 | 9 | 13 |
2020 | 3 | 4 | 7 |
2019 | 6 | 3 | 9 |
2018 | 2 | 0 | 2 |
2017 | 5 | 0 | 5 |
Root Ventures' Investments by Stage
Root Ventures has made 22 investments in Seed stage with an average round size of $3.63M and 18 investments in Series A stage with an average round size of $13.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 22 |
Series A | 18 |
Note: We have considered here, only first round of investments
Root Ventures' Investments by Sector
Root Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Vertical SaaS and Industrial Goods and Manufacturing. Notably, it has invested in 49 Tech companies, 44 Enterprise (B2B) companies, 39 Software companies and at least 28 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
High Tech | 17 |
Enterprise Infrastructure | 9 |
Vertical SaaS | 7 |
Industrial Goods and Manufacturing | 6 |
Others | 61 |
Note: We have considered here, only first round of investments
Root Ventures' Investments by Geography
Root Ventures has made most investments in United States (32), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 32 |
Canada | 2 |
United Kingdom | 2 |
Australia | 1 |
Denmark | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Root Ventures' recent investments
Root Ventures has made 2 investments in 2026 so far - illoca and Instrumental.Here are the most recent investments by Root Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2026 | United States | Seed | 6511 | ||
Mar 09, 2026 | United States | Series C | 6050 | ||
Jun 23, 2025 | United States | Series A | 6281 | [+5] | |
Jun 06, 2025 | United Kingdom | Seed | 4708 | [+2] | |
Sep 11, 2024 | United States | Seed | 6408 | [+8] |
Unicorns in Root Ventures' Portfolio
Root Ventures has 2 unicorns in its portfolio - Adept and Mashgin. The most recent unicorn in their portfolio is Adept. It became a unicorn in 2023.Here is a list of unicorns in Root Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Developer of AI-powered automation for software workflows and digital assistants | 2017 | San Francisco | Series B | hswibxe | ||
51 | Developer of an AI-powered platform for streamlining retail checkout processes | 2013 | Palo Alto | Series B | yjwy{nu |
IPOs and Publicly Listed companies in Root Ventures' Portfolio
1 of Root Ventures' portfolio company became public - Cloudastructure. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2025.Here are Root Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 30, 2025 | - | - | 8225 |
Acquired companies in Root Ventures' Portfolio
11 companies from Root Ventures' portfolio have been acquired. The most recent acquisition was Particle in Jan 2026 by Digi International for $*****.Here are Root Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 27, 2026 | Jul 11, 2014 | Series A | 7277 | |
Jul 24, 2025 | Sep 11, 2024 | Seed | 1479 | |
Mar 04, 2024 | - | - | 7962 | |
Nov 24, 2023 | Apr 04, 2019 | Series A | 6144 | |
Nov 07, 2023 | May 30, 2019 | Series A | 4142 |
Team profile of Root Ventures
Root Ventures has a team of 7 members including 3 Partners and 1 Principal located in United States and India. Root Ventures' team sits on the board of 2 companies.Here is a list of all team members in Root Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | Dusty Robotics and nTop | ||
Partner | San Francisco | - | ||
Partner | Mumbai | - | - | |
Principal | San Francisco | - |
Co-investors of Root Ventures
Over the past 14 years, 296 investors have co-invested in Root Ventures's portfolio companies. This includes funds and angels.
- Invested before Root Ventures: URBAN-X, Techstars and 29 others have invested in rounds before Root Ventures. There are 2 companies where URBAN-X has invested before Root Ventures and 2 companies where Techstars has invested before Root Ventures.
- Top Co-investors of Root Ventures: 145 investors entered a company along with Root Ventures. These include investors like Haystack (4 companies).
- Invested after Root Ventures: A total of 120 investors have invested in Root Ventures's portfolio after their investments. Top Investors include Tiger Global Management (4 companies), Canaan (3 companies) and Insight Partners (3 companies).
Recent News related to Root Ventures
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Illoca Raises $13M in Seed FundingFinSMEs•May 07, 2026•Alt Ventures, AIX Ventures, Root Ventures, Bessemer Venture Partners and 1 other
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Instrumental Announces New Investment to Accelerate Server and Rack ManufacturingEIN Presswire•Mar 10, 2026•NVentures, Instrumental, Root Ventures
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UK Latent Technology Secures $8M Seed Funding Led by AlbionVC and Spark CapitalFinSMEs•Jun 06, 2025•Latent AI, AlbionVC, Spark Capital, Root Ventures and 1 other
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Integrated Biosciences Raises $17 Million to Accelerate Development of Drugs Targeting Age-Related DiseasesBusiness Wire•Oct 03, 2024•Integrated Biosciences, Sutter Hill Ventures, Root Ventures, Civilization Ventures and 9 others
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D2C Lifestyle Startup DailyObjects Bags $10 Mn To Fuel Its Manufacturing & Offline PlayStartupNews•Sep 18, 2024•360 One, Roots Ventures, DailyObjects, Secure Trust Bank and 1 other
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CruxOCM: Control Room Co-Pilot Platform Secures $17 Million (Series A)Pulse 2.0•Aug 22, 2024•Crux OCM, M12, Oneok, Raven Indigenous Capital Partners and 8 others
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CruxOCM announces closing of US$17 million Series A funding roundWorld Pipelines•Aug 14, 2024•Crux OCM, Raven Indigenous Capital Partners, M12, Oneok and 8 others
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Robot-powered mobile pizza restaurant secures $16.5m in fundingFoodBev Media•Oct 04, 2022•Stellar Pizza, Marcy Venture Partners, Roots Ventures, Crosslink Capital and 3 others
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AI improves the success rate of in vitro fertilization, Oma Fertility raises US $ 37.5 million including debtTHE BRIDGE•Jun 29, 2022•Oma Fertility, JAZZ Venture Partners, Root Ventures, Mithril and 2 others
