About SLW
SLW is a venture capital firm founded in 2012. It is primarily based out of San Francisco, United States. As of Apr 2026, SLW is an active investor, having invested in 74 companies, with 3 new investments in the last 12 months. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series C round of Netomi Overall, SLW portfolio has seen 16 unicorns, 1 IPO and 31 acquisitions including key companies like Kabam, Upwork and Pendo. A lot of funds co-invest with SLW, with names like B Capital sharing a substantial percentage of its portfolio. SLW has team of 13 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series E & 5 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
SLW's List of Top Investments
SLW has a portfolio of 74 companies, including 16 unicorns. Their most notable investments are in Bromium and Movable Ink.Their portfolio spans across United States, Brazil, Canada and 1 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 19 other sectors, across stages such as Series C, Series E and 5 more. Here is the list of top investments by SLW:1. Kabam
Kabam is a video game developer and publisher based in Canada.It specializes in mid-core games and MMOs for mobile and web platforms. It is focused on developing AAA mobile games. It has developed multiple games including "Marvel: Contest of Champions" and "Transformers: Forged to Fight" based on a Freemium model for mobile platforms and web platforms such as Facebook, Yahoo and their website. Has won multiple awards including "Apple Editors Choice 2014" and "Google Play Editors Choice 2014" for its game Marvel Contest of Champions.
Key facts about Kabam
- Founded Year: 2006
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $245M
- Employee Count: 810 as on Aug 31, 2026
- Investors: Intel, Founders Circle Capital and 17 Others
- Latest Funding Round: Series E, Jul 31, 2014, $*****
- Highlight: Acquired
2. 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: 179,375 as on Aug 31, 2026
- Investors: Section Partners, T. Rowe Price and 24 Others
- Latest Funding Round: Post IPO, Aug 10, 2021, $*****
- Highlight: Public
3. Pendo
Provider of a platform for product experience and analytics management. The platform offers tools for product analytics, agent analytics, user guides, session replay, and user feedback. It facilitates data synchronization, integrations, and AI-driven insights. The platform helps teams understand user behavior, predict churn, and orchestrate user experiences. It supports product, revenue, IT, and marketing teams.
Key facts about Pendo
- Founded Year: 2013
- Location: Raleigh (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $468M
- Employee Count: 973 as on Aug 31, 2026
- Investors: Meritech, Silver Lake and 19 Others
- Latest Funding Round: Series F, Nov 11, 2021, $*****
- Highlight: Editors' Pick
4. Verkada
Developer of enterprise video surveillance systems and platforms. The platform allows the user to remotely monitor and watch real-time video feeds from the connected cameras. It claims that the cameras and systems require minimal cabling, and no open ports and eliminate the requirement of additional hardware equipment.
Key facts about Verkada
- Founded Year: 2016
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $757M
- Employee Count: 2,880 as on Aug 31, 2026
- Investors: Meritech, Glynn Capital and 24 Others
- Latest Funding Round: Series E, Jul 01, 2026, $*****
- Highlight: Editors' Pick
5. Popsugar
Popsugar is a women's lifestyle media brand which is a part of Popsugar Inc. Features hot trends, original lifestyle content and tips in entertainment, celebrity, fashion, beauty, fitness, food, and parenting and also related products. The portal has regional versions for 7 countries and claims to attract 100M+ unique monthly users as of March 2017.
Key facts about Popsugar
- Founded Year: 2006
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $46M
- Employee Count: 428 as on Aug 31, 2026
- Investors: SLW, NBCUniversal and 5 Others
- Latest Funding Round: Series D, Apr 12, 2011, $*****
- Highlight: Acquired
SLW's Year-on-Year Investment Trends
SLW has invested in 74 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Netomi and most recent follow-on round was in Graylog.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 4 | 0 | 4 |
2024 | 4 | 0 | 4 |
2023 | 1 | 2 | 3 |
2022 | 4 | 1 | 5 |
2021 | 10 | 1 | 11 |
2020 | 3 | 0 | 3 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
2017 | 2 | 1 | 3 |
SLW's Investments by Stage
SLW is primarily an Late Stage Investor investor majorly investing in Series C (12) rounds where average round size is $806M, Series E (10) rounds where average round size is $1.53B and Series D (8) rounds where average round size is $865M.Stage of entry | No. of Investments |
|---|---|
Series C | 12 |
Series E | 10 |
Series D | 8 |
Series F | 5 |
Series B | 3 |
Others | 3 |
Note: We have considered here, only first round of investments
SLW's Investments by Sector
SLW has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Vertical SaaS, High Tech and Consumer. Notably, it has invested in 73 Tech companies, 69 Enterprise (B2B) companies, 61 Software companies and at least 53 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 37 |
Enterprise Infrastructure | 14 |
Vertical SaaS | 10 |
High Tech | 7 |
Consumer | 6 |
Others | 15 |
Note: We have considered here, only first round of investments
SLW's Investments by Geography
SLW has made most investments in United States (37), followed by Brazil where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 37 |
Brazil | 2 |
Canada | 1 |
France | 1 |
Note: We have considered here, only first round of investments
SLW's recent investments
SLW has made 2 investments in 2026 so far - Netomi and Vestwell.Here are the most recent investments by SLW:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 30, 2026 | United States | Series C | 2140 | [+5] | |
Feb 18, 2026 | United States | Series E | 1538 | [+6] | |
Oct 21, 2025 | United States | Series C | 8540 | [+2] | |
Aug 19, 2025 | United States | Series C | 2758 | - | |
Jul 29, 2025 | United States | Series B | 5402 | - |
Unicorns in SLW's Portfolio
SLW has 16 unicorns in its portfolio - Metropolis, Vestwell, Tebra and others. The most recent unicorn in their portfolio is Metropolis. It became a unicorn in 2025, 3 years after SLW first invested in it.Here is a list of unicorns in SLW's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
61 | Developer of computer vision technology for automated vehicle parking management | 2017 | Santa Monica | Series D | alnohvf | ||
74 | Provider of digital workplace savings and retirement plan administration solutions | 2016 | New York City | Series E | afnhsmn | ||
63 | Cloud based platform offering practice management tool for providers | 2021 | Corona | Series D | tiqpwov | ||
70 | Developer of conversation analytics software for marketing, sales, and contact centers | 2008 | Santa Barbara | Series F | sqmzrul | ||
72 | Provider of employment software for managing payroll and personnel administration | 2019 | Charlotte | Series D | voezvld |
IPOs and Publicly Listed companies in SLW's Portfolio
1 of SLW's portfolio company became public - Upwork. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2018 at marketcap of $1.56BHere are SLW's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 03, 2018 | - | - | 2194 |
Acquired companies in SLW's Portfolio
31 companies from SLW's portfolio have been acquired. The most recent acquisition was Foursquare in Sep 2026 by Infillion for $*****.Here are SLW's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 18, 2026 | Apr 23, 2013 | Conventional Debt | 2864 | |
Jun 18, 2026 | - | - | 3415 | |
May 13, 2026 | Aug 05, 2021 | Series E | 1049 | |
Oct 01, 2025 | - | - | 4276 | |
Aug 01, 2025 | Jul 20, 2021 | Series E | 9260 |
Team profile of SLW
SLW has a team of 13 members including 4 Partners and 2 Principals located in United States. SLW's team does not sit on the board of any company as of now.Here is a list of top team members in SLW:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Menlo Park | - | - | |
Partner | United States | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Principal | Greenbrae | - | - | |
Principal | San Francisco | - |
Co-investors of SLW
Over the past 13 years, 416 investors have co-invested in SLW's portfolio companies. This includes funds and angels.
- Invested before SLW: Andreessen Horowitz, Salesforce Ventures and 283 others have invested in rounds before SLW. There are 5 companies where Andreessen Horowitz has invested before SLW and 4 companies where Salesforce Ventures has invested before SLW.
- Top Co-investors of SLW: 84 investors entered a company along with SLW. These include investors like B Capital (2 companies).
- Invested after SLW: A total of 47 investors have invested in SLW's portfolio after their investments. Top Investors include Vista Equity Partners (3 companies), Thoma Bravo (2 companies) and Morgan Stanley (2 companies).
Recent News related to SLW
•
Vestwell Secures $385 Million in Series E Funding RoundMassinvestor•Feb 19, 2026•Blue Owl, Sixth Street, Vestwell, Franklin Templeton Investments and 8 others
•
Alembic Technologies Secures $145M & Nvidia Supercomputer for AI Acceleration.SiliconAngle•Nov 13, 2025•Alembic, Prysm Capital, Accenture, Nvidia and 7 others
•
Sparrow Raises $35 Million in Series B to Scale AI-Based Leave Management SolutionsPulse 2.0•Aug 07, 2025•Sparrow, SLW, Eightfold
