About Smith Point Capital
Smith Point Capital is a venture capital firm founded in 2022. It is primarily based out of Boston, United States. As of Sep 2026, Smith Point Capital is an active investor, having invested in 9 companies, with 3 new investments in the last 12 months. It primarily invests in Series B 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 Hubble Overall, Smith Point Capital portfolio has seen 1 unicorn, namely Code Metal. A lot of funds co-invest with Smith Point Capital, with names like The Hillman Company sharing a substantial percentage of its portfolio. Smith Point Capital has team of 11 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Smith Point Capital's List of Top Investments
Smith Point Capital has a portfolio of 9 companies, one of which is a Unicorn. Their most notable investments are in Bestow and Neuron Seven AI.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 6 other sectors, across stages such as Series C, Series B and 2 more. Here is the list of top investments by Smith Point Capital:
1. Virtualitics
AI-driven platforms and applications for data analysis and optimization. The platform offers integrated readiness and optimization applications designed for strategic decision-making. It enhances mission readiness, operational efficiency, and strategic decision-making in areas such as asset maintenance, supply chain management, material storage, personal preparedness, and cybersecurity. The AI platform is secure and deployable across multiple networks and cloud environments.
Key facts about Virtualitics
- Founded Year: 2016
- Location: Pasadena (United States)
- Stage: Series C
- Total Funding till date: $73.8M
- Employee Count: 153 as on Aug 31, 2026
- Investors: Citi, Sun Mountain Capital and 7 Others
- Latest Funding Round: Conventional Debt, Sep 19, 2025, $*****
- Highlight: Editors' Pick
2. Bestow
Developer of life insurance new business and administration software platform solutions. The platform provides end-to-end technology for life and annuities carriers, streamlining origination, post-issue servicing, and data-driven decision making. It includes an application suite for digital customer and agent journeys, a modern underwriting solution with a workbench, and an agent portal. Administration features comprise an administrative dashboard, third-party administrator services, and a customer self-service portal. An intelligence suite offers performance insights, data modeling, and access to AI tooling. The platform supports various life insurance products and can be implemented as a full or modular solution.
Key facts about Bestow
- Founded Year: 2016
- Location: Dallas (United States)
- Stage: Series D
- Total Funding till date: $216M
- Employee Count: 394 as on Aug 31, 2026
- Investors: Goldman Sachs, TriplePoint Capital and 11 Others
- Latest Funding Round: Series D, May 13, 2025, $*****
- Highlight: Editors' Pick
3. AssemblyAI
Provider of speech-to-text solutions. It offers API and SDK to integrate speech recognition features into applications or hardware devices for transcription. Its solution can also be deployed via the cloud and on-premise approach. It claims that its engine can understand multiple industry-specific keywords and phrases without additional training.
Key facts about AssemblyAI
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $115M
- Employee Count: 111 as on Aug 31, 2026
- Investors: API-First Index, Accel and 10 Others
- Latest Funding Round: Series C, Dec 04, 2023, $*****
- Highlight: Editors' Pick
4. Code Metal
Provider of AI-powered solutions for automated code translation and edge deployment. The company facilitates the transition of research code into optimized, low-level code suitable for edge environments. It offers tools for defining runtime environments, including CPU, GPU, and FPGA configurations. The company automates the generation of code in languages such as C/C++, Rust, VHDL, Verilog, CUDA, HIP, and ONNX. It also provides features for tracking changes between generated and input code.
Key facts about Code Metal
- Founded Year: 2023
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $184M
- Employee Count: 123 as on Aug 31, 2026
- Investors: Salesforce Ventures, B Capital and 11 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
- Highlight: Editors' Pick
5. Hubble
Provider of Bluetooth connectivity solutions for global Internet of Things devices. The company offers a platform for transmitting low-bandwidth data from devices using Bluetooth wireless technology. It delivers visibility across supply chains, fleets, and facilities via a terrestrial network. Satellite connectivity is planned to extend coverage to remote areas, using the same chip. The platform integrates with existing platforms and workflows, with data encrypted end-to-end. It offers an open API and modular SDKs for integration.
Key facts about Hubble
- Founded Year: 2021
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $300M
- Employee Count: 80 as on Aug 31, 2026
- Investors: Seraphim, RPM Ventures and 4 Others
- Latest Funding Round: Series C, Sep 23, 2026, $*****
- Highlight: Editors' Pick
Smith Point Capital's Year-on-Year Investment Trends
Smith Point Capital has invested in 9 companies over the last 3 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 2 investments in this year. Its most recent first time investment was in Hubble and most recent follow-on round was in Code Metal.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 3 | 0 | 3 |
2024 | 2 | 0 | 2 |
2023 | 3 | 0 | 3 |
Smith Point Capital's Investments by Stage
Smith Point Capital has made 4 investments in Series C stage with an average round size of $89.8M, 3 investments in Series B stage with an average round size of $44M, 1 investment in Series A stage with an average round size of $36.5M and 1 investment in Series D stage with an average round size of $75M.Stage of entry | No. of Investments |
|---|---|
Series C | 4 |
Series B | 3 |
Series A | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Smith Point Capital's Investments by Sector
Smith Point Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, Enterprise Infrastructure and Artificial Intelligence - Industry Applications. Notably, it has invested in 9 Enterprise (B2B) companies, 9 Tech companies, 8 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
High Tech | 4 |
Aerospace, Maritime and Defense Tech | 2 |
Enterprise Infrastructure | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Smith Point Capital's Investments by Geography
Smith Point Capital has made most investments in United States (9).Smith Point Capital's recent investments
Smith Point Capital has made 2 investments in 2026 so far - Hubble and Code Metal.Here are the most recent investments by Smith Point Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 23, 2026 | United States | Series C | 9619 | [+4] | |
Feb 19, 2026 | United States | Series B | 9736 | [+6] | |
Dec 30, 2025 | United States | Series B | 2682 | ||
Nov 12, 2025 | United States | Series A | 1817 | [+8] | |
May 13, 2025 | United States | Series D | 8602 | [+6] |
Unicorns in Smith Point Capital's Portfolio
Smith Point Capital has 1 unicorn in its portfolio - Code Metal. The most recent unicorn in their portfolio is Code Metal which became a unicorn in 2026.Here is a list of unicorns in Smith Point Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of AI-powered solutions for automated code translation and edge deployment | 2023 | Boston | Series B | caxmqa{ |
Team profile of Smith Point Capital
Smith Point Capital has a team of 11 members including 4 Partners and 2 Principals located in United States. Smith Point Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Smith Point Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boston | - | ||
Partner | San Francisco | - | ||
Partner | Larkspur | - | ||
Partner | Chicago | - | - | |
Principal | United States | - | ||
Principal | Austin | - |
Co-investors of Smith Point Capital
Over the past 3 years, 82 investors have co-invested in Smith Point Capital's portfolio companies. This includes funds and angels.
- Invested before Smith Point Capital: Insight Partners, The Venture Reality Fund and 57 others have invested in rounds before Smith Point Capital. There are 2 companies where Insight Partners has invested before Smith Point Capital and 1 company where The Venture Reality Fund has invested before Smith Point Capital.
- Top Co-investors of Smith Point Capital: 19 investors entered a company along with Smith Point Capital. These include investors like The Hillman Company (2 companies).
- Invested after Smith Point Capital: A total of 4 investors have invested in Smith Point Capital's portfolio after their investments. Top Investors include Salesforce Ventures (1 company), B Capital (1 company) and Alpha Wave Global (1 company).
Recent News related to Smith Point Capital
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Hubble Network Raises $200M at $1.6B Valuation to Connect Bluetooth Devices Directly to SatellitesTechStartups.com•Sep 24, 2026•Smith Point Capital, Hubble Network
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Code Metal Secures $125M Series B at $1.25B Valuation to Bridge the Trust Gap in AI Code GenerationBusiness Wire•Feb 20, 2026•Code Metal, Salesforce Ventures, Overmatch, B Capital and 7 others
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Gather AI raises $40M to expand warehouse intelligenceSiliconAngle•Feb 10, 2026•Smith Point Capital, Gather AI, XRC Ventures, Bling Capital and 4 others
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BotGauge AI Raises $2 Mn to Scale Agentic QA PlatformStartupNews•Feb 10, 2026•BotGauge, Surface Ventures, Saka Ventures, IA Seed Adventures and 2 others
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Code Metal Secures $36.5 Million to Advance AI-Powered Code TranslationPR Newswire•Nov 13, 2025•Code Metal, RTX, Robert Bosch Venture Capital, Accel and 5 others
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Bestow Secures $120 Million Series D Fundingintelligence360•May 23, 2025•Bestow, Smith Point Capital, Goldman Sachs
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Bestow Secures $120M in Series D Funding Led by Goldman Sachs and Smith Point CapitalJinglingshuju•May 15, 2025•Bestow, Goldman Sachs, Smith Point Capital
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Bestow Closes $120M Series D Funding RoundDallas Innovates•May 14, 2025•Bestow, Goldman Sachs, Smith Point Capital
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Bestow Raises $120M in Series D Funding to Expand Insurtech PlatformTechCrunch+•May 13, 2025•Bestow, Smith Point Capital, TriplePoint Capital, Goldman Sachs
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Prophecy Takes in $47M Led by Smith Point CapitalProphecy•Jan 16, 2025•Prophecy, Smith Point Capital
