About Sherpalo Ventures
Sherpalo Ventures is a venture capital firm founded in 2000. It is primarily based out of Menlo Park, United States. As of May 2026, Sherpalo Ventures has invested in 93 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 FinTech. Most recently it participated in the $***** Series C round of Skyroot Overall, Sherpalo Ventures portfolio has seen 5 unicorns, 8 IPOs and 34 acquisitions including key companies like DocuSign, Razorpay and Upwork. A lot of funds co-invest with Sherpalo Ventures, with names like Kleiner Perkins sharing a substantial percentage of its portfolio. Sherpalo Ventures has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio IPOs
Portfolio Soonicorns
Sherpalo Ventures' List of Top Investments
Sherpalo Ventures has a portfolio of 93 companies, including 5 unicorns. Their most notable investments are in Wishfin and EasyPost.Their portfolio spans across United States, India, Sweden and 3 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 25 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Sherpalo Ventures:
1. DocuSign
Provider of electronic signature and intelligent agreement management platform solutions. The platform offers tools for contract lifecycle management, agreement preparation, and agreement workflow automation. It provides features such as electronic notarization, web forms, and multi-channel delivery options. The platform extends its capabilities through integrations, APIs, and a mobile application.
Key facts about DocuSign
- Founded Year: 2003
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,503 as on Jun 30, 2026
- Investors: HTIF, Glynn Capital and 90 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
2. Stripe
Provider of financial infrastructure solutions for revenue growth and payment processing. It offers tools designed for individual or combined use to grow businesses. These tools enable payment acceptance and optimisation globally, both online and in person. The company facilitates various billing models and provides access to borderless money movement. It also offers resources for startups and platforms to build and scale their operations.
Key facts about Stripe
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $9.81B
- Employee Count: 16,600 as on Jun 30, 2026
- Investors: Glynn Capital, TrueBridge and 131 Others
- Latest Funding Round: Series I, Apr 08, 2024, $*****
- Highlight: Editors' Pick
3. Razorpay
Provider of payment and business banking solutions for enterprises. The company offers tools for payment acceptance, automated payroll, and business banking. Solutions include payment gateways, current accounts, and corporate credit cards. It also provides developer resources such as API documentation and integration tools.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $742M
- Employee Count: 3,028 as on Aug 31, 2025
- Investors: TCV, GIC and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Highlight: Editors' Pick
4. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $718M
- Employee Count: 4,474 as on Jun 30, 2026
- Investors: Western Technology Investment, Glynn Capital and 85 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
5. Upwork
Provider of freelance marketplace connecting businesses with independent talents. It offers an AI powered suggestions, screening questions, and boosted proposals for visibility, built-in tool with screenshots and activity logs for hourly work transparency . It provides in-app messaging, file sharing, video calls, and mobile apps for iOS and Android.
Key facts about Upwork
- Founded Year: 1999
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $74M
- Employee Count: 176,490 as on Jun 30, 2026
- Investors: New Enterprise Associates, Section Partners and 24 Others
- Latest Funding Round: Post IPO, Aug 10, 2021, $*****
- Highlight: Public
Sherpalo Ventures' Year-on-Year Investment Trends
Sherpalo Ventures has invested in 93 companies over the last 21 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in GridCARE and most recent follow-on round was in Skyroot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 1 | 2 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 3 | 1 | 4 |
2021 | 4 | 0 | 4 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 0 | 1 | 1 |
Sherpalo Ventures' Investments by Stage
Sherpalo Ventures has made 21 investments in Series A stage with an average round size of $11.9M, 13 investments in Seed stage with an average round size of $3.31M, 4 investments in Series B stage with an average round size of $35.1M, 3 investments in Series C stage with an average round size of $23M and 1 investment in PE stage with an average round size of $8M.Stage of entry | No. of Investments |
|---|---|
Series A | 21 |
Seed | 13 |
Series B | 4 |
Series C | 3 |
PE | 1 |
Note: We have considered here, only first round of investments
Sherpalo Ventures' Investments by Sector
Sherpalo Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and High Tech. Notably, it has invested in 83 Tech companies, 63 Enterprise (B2B) companies, 60 Software companies and at least 34 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
Consumer | 13 |
FinTech | 7 |
Retail | 7 |
High Tech | 6 |
Others | 34 |
Note: We have considered here, only first round of investments
Sherpalo Ventures' Investments by Geography
Sherpalo Ventures has made most investments in United States (26), followed by India where it has made 17 investments.Country | No. of Investments |
|---|---|
United States | 26 |
India | 17 |
Note: We have considered here, only first round of investments
Sherpalo Ventures' recent investments
Sherpalo Ventures has made 1 investments in 2026 so far - Skyroot.Here are the most recent investments by Sherpalo Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2026 | India | Series C | 3388 | [+6] | |
Jun 03, 2025 | United States | Series C | 2999 | ||
May 27, 2025 | United States | Seed | 1426 | [+14] | |
Jun 18, 2024 | India | Seed | 8368 | ||
Jun 22, 2023 | United States | Series A | 3353 | [+1] |
Unicorns in Sherpalo Ventures' Portfolio
Sherpalo Ventures has 5 unicorns in its portfolio - Skyroot, Razorpay, Notion and others. The most recent unicorn in their portfolio is Skyroot. It became a unicorn in 2026, 4 years after Sherpalo Ventures first invested in it.Here is a list of unicorns in Sherpalo Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Manufacturer of orbital launch vehicles for small satellite deployment missions | 2018 | Hyderabad | Series C | atbxuev | ||
85 | Provider of payment and business banking solutions for enterprises | 2014 | Bengaluru | Series F | zenvyra | ||
81 | Developer of an AI-powered workspace for team collaboration and productivity | 2013 | San Francisco | Series D | igmn{qk | ||
74 | Provider of end-to-end supply chain logistics platform | 2013 | San Francisco | Series E | ahayvmg | ||
74 | Provider of advertising solutions and platforms for brand building and growth | 2007 | Bengaluru | Series D | xztpsqw |
IPOs and Publicly Listed companies in Sherpalo Ventures' Portfolio
8 of Sherpalo Ventures' portfolio companies have become public. MapmyIndia got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2021 at marketcap of $503M and Yubico got listed on the Frankfurt Stock Exchange (FRA).Here are Sherpalo Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 21, 2021 | May 24, 2007 | Series A | 8634 | |
Apr 01, 2021 | - | - | 6395 | |
Dec 11, 2020 | - | - | 2995 | |
Oct 03, 2018 | - | - | 2919 | |
Apr 27, 2018 | - | - | 7123 |
Acquired companies in Sherpalo Ventures' Portfolio
34 companies from Sherpalo Ventures' portfolio have been acquired. The most recent acquisition was Skycatch in Jul 2026 by Caterpillar for $*****.Here are Sherpalo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2026 | May 08, 2013 | Seed | 9224 | |
Nov 04, 2025 | Apr 21, 2021 | Series C | 6557 | |
Oct 15, 2025 | - | - | 7869 | |
Jun 25, 2025 | - | - | 4741 | |
Aug 28, 2024 | - | - | 6397 |
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Team profile of Sherpalo Ventures
Sherpalo Ventures has a team of 1 member located in United States. Sherpalo Ventures' team sits on the board of 1 company.Co-investors of Sherpalo Ventures
Over the past 21 years, 384 investors have co-invested in Sherpalo Ventures's portfolio companies. This includes funds and angels.
- Invested before Sherpalo Ventures: Y Combinator, First Round Capital and 119 others have invested in rounds before Sherpalo Ventures. There are 4 companies where Y Combinator has invested before Sherpalo Ventures and 3 companies where First Round Capital has invested before Sherpalo Ventures.
- Top Co-investors of Sherpalo Ventures: 128 investors entered a company along with Sherpalo Ventures. These include investors like Kleiner Perkins (8 companies).
- Invested after Sherpalo Ventures: A total of 135 investors have invested in Sherpalo Ventures's portfolio after their investments. Top Investors include Lightbox (5 companies), Kleiner Perkins (2 companies) and Franklin Templeton India (2 companies).
Recent News related to Sherpalo Ventures
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Skyroot Aerospace Secures $60 Million, Becomes India's First Space-Tech UnicornMoneycontrol•May 07, 2026•Skyroot, BlackRock, GIC, Sherpalo Ventures and 7 others
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From Google to Skyroot, Ram Shriram backs another frontier betFinancial Express•May 07, 2026•Skyroot, Sherpalo Ventures, GIC
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Singapore leads global per capita use of Anthropic’s Claude AI: GICThe Business Times•Apr 23, 2026•GIC, Playbook Partners, Arkam Ventures, BlackRock and 2 others
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Antheia Raises $56 Million in Series C Financing to Fuel Global Commercialization Strategyintelligence360•Jun 16, 2025•SG Growth Capital, Global Health Investment, Singapore Economic Development Board, S-Cubed Capital and 6 others
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Antheia Scores $56 Million Series Csvdaily.com•Jun 06, 2025•Antheia, Global Health Investment, EDBI, Athos Capital and 5 others
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Glance raises $23 million debt from Stride Ventures, IPO at least 2-3 years awayFinancial Express•Mar 01, 2025•Glance, Stride Ventures, Kleiner Perkins, Sherpalo Ventures
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InMobi eyes $400 million funding at $8 billion valuationFinancial Express•Jan 22, 2025•InMobi, Mars Growth Capital, MUFG, LIQUiDITY and 3 others
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India Mobile-Advertising & SoftBank-Backed InMobi Plans IPO in India in 2024 at $10 Billion Valuation, Had Previously Targeted IPO in United States at $15 Billion Valuation in 2021, Founded in India & Incorporated in Singapore in 2007, InMobi Founders are Naveen Tewari, Mohit Saxena, Amit Gupta & Abhay Singhal, Investors Include SoftBank, Kleiner Perkins Caufield & Byers & Sherpalo VenturesCaproasia•Jul 27, 2024•InMobi, SoftBank Group, Kleiner Perkins, Sherpalo Ventures
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Krakow-based Digital First AI gets €3.5 million to leverage AI for marketing strategies and ad contentEU-Startups•Jul 22, 2024•Digital First AI, 4growth VC, PLUG & PLAY, Sher Capital and 8 others
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