About SmartForest Ventures
SmartForest Ventures is a venture capital firm founded in 2000. It is primarily based out of Portland, United States. As of Jan 2020, SmartForest Ventures has invested in 19 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 Semiconductors and Enterprise Infrastructure. Most recently it participated in the $***** Series B round of Teseda Overall, SmartForest Ventures portfolio has seen 10 acquisitions including key companies like Enli Health Intelligence, Phoseon and SignaCert. A lot of funds co-invest with SmartForest Ventures, with names like PacRim Venture Partners sharing a substantial percentage of its portfolio. SmartForest Ventures has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 1 more
Portfolio Acquisitions
SmartForest Ventures' List of Top Investments
SmartForest Ventures has a portfolio of 19 companies. Their most notable investmentis in IPextremeTheir portfolio spans across and United States. They have invested in Enterprise Applications, Semiconductors, Enterprise Infrastructure and 9 other sectors, across stages such as Series B, Series A and 1 more. Here is the list of top investments by SmartForest Ventures:Value-based care platform enabling payers, providers, and employers to thrive. The company offers a unified technology and services platform delivering actionable analytics and business intelligence insights. It provides administrative solutions that improve care delivery across the value-based care continuum. The platform supports data management, healthcare benefits analytics, care management, clinical decision support, and payment solutions, including bundles adjudication and capitation. It serves various markets, including payers, providers, and self-funded employers, across multiple lines of business like commercial, Medicaid, and Medicare. The modular platform is designed to be composable and collaborative, facilitating better outcomes through integrated features and functionality. The company leverages advanced analytics and AI-driven solutions to improve access, efficiency, and outcomes in healthcare.
Key facts about Enli Health Intelligence
- Founded Year: 2002
- Location: Beaverton (United States)
- Stage: Acquired
- Total Funding till date: $39.4M
- Employee Count: 1,184 as on Sep 30, 2026
- Investors: Shelter Capital Partners, BCM Technologies and 4 Others
- Latest Funding Round: Series A, Nov 22, 2010, $*****
- Highlight: Acquired
2. Phoseon
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Key facts about Phoseon
- Founded Year: 2002
- Location: Hillsboro (United States)
- Stage: Acquired
- Total Funding till date: $9.2M
- Employee Count: 60 as on Sep 30, 2026
- Investors: PacRim Venture Partners, Oregon Venture Fund and 2 Others
- Latest Funding Round: Series B, Sep 07, 2006, $*****
- Highlight: Acquired
3. SignaCert
IT infrastructure integrity validation for improved performance, availability, and security. The company offers solutions for continuous IT infrastructure validation, ensuring elements match standards for maximum business value. Their approach focuses on identifying deviations from correct states, automating problem identification and accelerating recovery. They enable organizations to achieve high IT maturity through automation, improving IT productivity by reducing unnecessary alerts and allowing focus on strategic projects. This leads to reduced risk through early problem detection and continuous compliance. Their software provides actionable alerts at a fraction of the cost of traditional tools. They offer solutions for file integrity monitoring, compliance, and security. They cater to various sectors, including insurance, managed security services, online banking, healthcare, and education. Their core offering is a software solution that validates IT infrastructure integrity, providing continuous compliance and improved security.
Key facts about SignaCert
- Founded Year: 2004
- Location: Portland (United States)
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 5 as on Sep 30, 2026
- Investors: ForgePoint Capital, DCM Ventures and 6 Others
- Latest Funding Round: Series B, Dec 08, 2015, $*****
- Highlight: Acquired
Provider of semiconductor IP and electronic design automation solutions. This company offers a broad portfolio of silicon-proven semiconductor intellectual property (IP) for system-on-chip (SoC) designs, including logic libraries, embedded memories, interface IP, security IP, embedded processors, and subsystems. They also provide hardware-assisted verification and virtualization solutions for electronic design automation. Services include design, verification, and manufacturing support, encompassing silicon lifecycle management and various design technologies. The company supports diverse markets such as artificial intelligence, automotive, data centers, and 5G mobile.
Key facts about Teja Technologies
- Founded Year: 1998
- Location: San Jose (United States)
- Stage: Acquired
- Total Funding till date: $21.2M
- Investors: RRE Ventures, ICCP SBI Venture Partners and 7 Others
- Latest Funding Round: Series B, Jan 22, 2002, $*****
- Highlight: Acquired
5. iMove
Developer of immersive visual solutions for security and surveillance. It provides wide-area surveillance solutions for critical infrastructure and force protection. These solutions offer complete spherical video recording with geo-referencing capabilities, integrating with leading GIS applications. The technology enhances situational awareness, enabling faster and more appropriate responses, and improving the efficient use of personnel and equipment. The company's products are designed for military and intelligence applications, delivering high-resolution visual information to improve mission performance while reducing costs and complexity.
Key facts about iMove
- Founded Year: 1995
- Location: Portland (United States)
- Stage: Acquired
- Total Funding till date: $19.9M
- Employee Count: 15 as on Sep 30, 2026
- Investors: The Grosvenor Funds, In-Q-Tel and 3 Others
- Latest Funding Round: Conventional Debt, Sep 04, 2013, $*****
- Highlight: Acquired
SmartForest Ventures' Investments by Stage
SmartForest Ventures has made 5 investments in Series B stage with an average round size of $10.4M, 4 investments in Series A stage with an average round size of $5.85M and 2 investments in Series C stage with an average round size of $8.1M.Stage of entry | No. of Investments |
|---|---|
Series B | 5 |
Series A | 4 |
Series C | 2 |
Note: We have considered here, only first round of investments
SmartForest Ventures' Investments by Sector
SmartForest Ventures has a diverse portfolio, with companies operating in the Semiconductors, Enterprise Applications, Enterprise Infrastructure, High Tech and Business Services. Notably, it has invested in 14 Enterprise (B2B) companies, 11 Tech companies, 7 Software companies and at least 4 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Semiconductors | 5 |
Enterprise Applications | 4 |
Enterprise Infrastructure | 2 |
High Tech | 2 |
Business Services | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
SmartForest Ventures' Investments by Geography
SmartForest Ventures has made most investments in United States (11).SmartForest Ventures' recent investments
SmartForest Ventures has not made any investment in 2026 so far.Here are the most recent investments by SmartForest Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 03, 2020 | United States | Series B | 8967 | [+3] | |
Apr 14, 2009 | United States | Series B | 7523 | [+2] | |
Jun 27, 2008 | United States | Series C | 7327 | [+4] | |
May 13, 2008 | United States | PE | 1924 | [+1] | |
Oct 21, 2006 | United States | Series A | 4989 | [+1] |
Acquired companies in SmartForest Ventures' Portfolio
10 companies from SmartForest Ventures' portfolio have been acquired. The most recent acquisition was Phoseon in Feb 2023 by Excelitas for $*****.Here are SmartForest Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 15, 2023 | Mar 28, 2005 | Series B | 9161 | |
Jan 05, 2021 | 2003 | Series A | 9911 | |
Jun 03, 2016 | May 16, 2005 | Series A | 9041 | |
Sep 27, 2015 | Jun 27, 2008 | Series C | 3770 | |
Oct 16, 2014 | - | - | 1906 |
Team profile of SmartForest Ventures
SmartForest Ventures has a team of 1 member located in United States. SmartForest Ventures' team does not sit on the board of any company as of now.Co-investors of SmartForest Ventures
Over the past 25 years, 33 investors have co-invested in SmartForest Ventures's portfolio companies. This includes only funds.
- Invested before SmartForest Ventures: Sevin Rosen and Fuse Capital have invested in rounds before SmartForest Ventures. There is 1 company where Sevin Rosen has invested before SmartForest Ventures and 1 company where Fuse Capital has invested before SmartForest Ventures.
- Top Co-investors of SmartForest Ventures: 20 investors entered a company along with SmartForest Ventures. These include investors like PacRim Venture Partners (3 companies).
- Invested after SmartForest Ventures: A total of 11 investors have invested in SmartForest Ventures's portfolio after their investments. Top Investors include Shelter Capital Partners (1 company), Fortress (1 company) and In-Q-Tel (1 company).
Recent News related to SmartForest Ventures
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Teseda Corporation Receives Additional $6 Million In Series B Funding Led By DynafundPRWeb•Apr 13, 2023•DynaFund Ventures, Teseda, Empire Ventures, SmartForest Ventures and 3 others
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SignaCert Closes $8.8M Series B - seattlepi.comSeattle Pi•Apr 16, 2009•SignaCert, Intel Capital, SmartForest Ventures, DCM Ventures and 1 other
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Lambda Opticalsystems Raises $22 M | News & Features | Nov 2004 | Photonics.com
Photonics Media•Nov 15, 2004•LAMBDA OpticalSystems, Sevin Rosen, PacRim Venture Partners, SmartForest Ventures and 1 other
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LAMBDA OpticalSystems Press ReleasesLAMBDA OpticalSystems•LAMBDA OpticalSystems, Sevin Rosen, PacRim Venture Partners, SmartForest Ventures and 1 other
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Teseda Corporation Adds KT Venture Group, LLC to InvestorsEDA Cafe•Teseda, KT Venture Group, PacRim Venture Partners, SmartForest Ventures
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Intel part of $14.5M funding round for next-gen semi CMP pad technology developerhttp://ebscohost.com•NexPlanar, Finaventures, BlueRun Ventures, SmartForest Ventures and 3 others
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Lambda Optical Raises $22M | Light ReadingLight Reading•LAMBDA OpticalSystems, Sevin Rosen, PacRim Venture Partners, SmartForest Ventures and 1 other
