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About Telstra Ventures
Telstra Ventures is a venture capital firm founded in 2011. It is primarily based out of San Francisco, United States. As of Mar 2024, Telstra Ventures has invested in 87 companies. 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 Enterprise Infrastructure and High Tech. Most recently it participated in the $***** Series B round of Pandion Overall, Telstra Ventures portfolio has seen 8 unicorns, 11 IPOs and 23 acquisitions including key companies like DocuSign, MPL and Gitlab. A lot of funds co-invest with Telstra Ventures, with names like Google Ventures sharing a substantial percentage of its portfolio. Telstra Ventures has team of 8 people including 6 partners.Key Metrics
Telstra Ventures' List of Top Investments
Telstra Ventures has a portfolio of 87 companies, including 8 unicorns. Their most notable investments are in OvationCXM and Springboard.Their portfolio spans across United States, China, Australia and 8 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 19 other sectors, across stages such as Series B, Series C and 6 more. Here is the list of top investments by Telstra 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: 8,433 as on May 31, 2026
- Investors: HTIF, Glynn Capital and 90 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
2. MPL
Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.
Key facts about MPL
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: $100M - $500M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $401M
- Employee Count: 435 as on May 31, 2025
- Investors: Founders Circle Capital, Google Ventures and 72 Others
- Latest Funding Round: Series E, Feb 09, 2025, $*****
- Highlight: Editors' Pick
3. Gitlab
Provider of a platform for software development, security, and delivery. The platform facilitates planning, source code management, and continuous integration and delivery. It offers application security testing, software supply chain security, and software compliance features. The platform supports various industries, including financial services, public sector, and telecommunications.
Key facts about Gitlab
- Founded Year: 2011
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $435M
- Employee Count: 3,473 as on May 31, 2026
- Investors: TCV, August Capital and 50 Others
- Latest Funding Round: Post IPO, Sep 16, 2022, $*****
- Highlight: Public
4. Box
Cloud-based platform for file sharing. It is a content management platform that provides secure file sharing, storage, and collaboration solutions. The product modules include workflow automation, file collaboration, electronic signature, whiteboarding and team collaboration tool, AI document summarizing, compliance management, note taking, API integration, and more. It is a tool available on the subscription based pricing model.
Key facts about Box
- Founded Year: 2005
- Location: Redwood City (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $693M
- Employee Count: 4,311 as on May 31, 2026
- Investors: Meritech, SeedFord Partners and 38 Others
- Latest Funding Round: Post IPO, May 12, 2021, $*****
- Highlight: Public
5. Super
Provider of an all-in-one mobile app offering travel savings, rewards, and budgeting solutions. It is an online platform offering a range of services including travel booking, savings, and rewards to help users manage the finances and make informed spending decisions.
Key facts about Super
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series D
- Total Funding till date: $226M
- Employee Count: 201 - 500 as on Jul 16, 2025
- Investors: Lightbank, Bee Partners and 22 Others
- Latest Funding Round: Series D, Jul 07, 2026, $*****
- Highlight: Editors' Pick
Telstra Ventures' Year-on-Year Investment Trends
Telstra Ventures has invested in 87 companies over the last 14 years, with an average of 5 new investments annually in the last 10 years. Its most recent first time investment was in Coalesce and most recent follow-on round was in Pandion.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 1 | 2 |
2023 | 5 | 3 | 8 |
2022 | 4 | 6 | 10 |
2021 | 10 | 9 | 19 |
2020 | 7 | 2 | 9 |
2019 | 6 | 5 | 11 |
2018 | 3 | 3 | 6 |
2017 | 6 | 2 | 8 |
Telstra Ventures' Investments by Stage
Telstra Ventures has made 23 investments in Series B stage with an average round size of $38.4M, 15 investments in Series C stage with an average round size of $43.8M and 12 investments in Series A stage with an average round size of $12.8M.Stage of entry | No. of Investments |
|---|---|
Series B | 23 |
Series C | 15 |
Series A | 12 |
Series D | 10 |
Series E | 4 |
Others | 3 |
Note: We have considered here, only first round of investments
Telstra Ventures' Investments by Sector
Telstra Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, Vertical SaaS and High Tech. Notably, it has invested in 85 Tech companies, 78 Enterprise (B2B) companies, 72 Software companies and at least 49 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 52 |
Enterprise Infrastructure | 26 |
FinTech | 14 |
Vertical SaaS | 9 |
High Tech | 7 |
Others | 54 |
Note: We have considered here, only first round of investments
Telstra Ventures' Investments by Geography
Telstra Ventures has made most investments in United States (50), followed by China where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 50 |
China | 5 |
Australia | 4 |
Israel | 2 |
United Kingdom | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Telstra Ventures' recent investments
Telstra Ventures has not made any investment in 2026 so far.Here are the most recent investments by Telstra Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 21, 2024 | United States | Series B | 3215 | [+7] | |
Mar 08, 2024 | United States | Series B | 6737 | [+8] | |
Nov 08, 2023 | Israel | Series B | 4527 | [+6] | |
Sep 26, 2023 | Switzerland | Series C | 6845 | [+6] | |
Aug 21, 2023 | India | Series E | 4883 | [+21] |
Unicorns in Telstra Ventures' Portfolio
Telstra Ventures has 8 unicorns in its portfolio - BuildOps, Nasuni, Enable and others. The most recent unicorn in their portfolio is BuildOps. It became a unicorn in 2025, 1 years before Telstra Ventures first invested in it.Here is a list of unicorns in Telstra Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Software solution for facility management and commercial contractors | 2018 | Santa Monica | Series C | nryrleo | ||
70 | Cloud based enterprise file system storage provider | 2009 | Natick | Series F | hgpimts | ||
65 | Provider of rebate management software for pricing and commercial strategies | 2016 | San Francisco | Series D | nshvcvc | ||
66 | Blockchain-based infrastructure for node deployment and management | 2017 | Los Angeles | Series C | wqjcnep | ||
60 | Provider of cross-border trade payment platform for global businesses | 2017 | Shanghai | Series D | onxfcgg |
IPOs and Publicly Listed companies in Telstra Ventures' Portfolio
11 of Telstra Ventures' portfolio companies have become public. Qiniu got listed on the Hong Kong Exchanges (HKG), in Oct 2024 at marketcap of $704M and UBTECH got listed on the Hong Kong Exchanges (HKG) at marketcap of $6.21B.Here are Telstra Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 16, 2024 | Jan 26, 2016 | Series D | 7012 | |
Dec 29, 2023 | - | - | 5064 | |
Jul 14, 2022 | Mar 20, 2015 | Series C | 6897 | |
Oct 14, 2021 | - | - | 9810 | |
Aug 05, 2020 | Jun 07, 2017 | Series E | 3944 |
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Acquired companies in Telstra Ventures' Portfolio
23 companies from Telstra Ventures' portfolio have been acquired. The most recent acquisition was vArmour in Jan 2025 by Fenix 24 for $*****.Here are Telstra Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 31, 2025 | May 24, 2016 | Series D | 8476 | |
Apr 08, 2024 | Aug 19, 2021 | Series B | 2661 | |
Feb 27, 2024 | - | - | 1548 | |
Nov 03, 2023 | Dec 19, 2019 | Series B | 5633 | |
Jul 12, 2023 | Jun 03, 2019 | Series C | 3713 |
Team profile of Telstra Ventures
Telstra Ventures has a team of 8 members including 6 Partners and 1 Principal located in United States and Australia. Telstra Ventures' team sits on the board of 3 companies.Here is a list of all team members in Telstra Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sydney | - | ||
Partner | Indio | - | ||
Partner | San Francisco | |||
Partner | New York City | |||
Partner | Melbourne | - | - | |
Partner | San Francisco | - | ||
Principal | San Francisco | - |
Co-investors of Telstra Ventures
Over the past 14 years, 692 investors have co-invested in Telstra Ventures's portfolio companies. This includes funds and angels.
- Invested before Telstra Ventures: Google Ventures, Kleiner Perkins and 329 others have invested in rounds before Telstra Ventures. There are 5 companies where Google Ventures has invested before Telstra Ventures and 4 companies where Kleiner Perkins has invested before Telstra Ventures.
- Top Co-investors of Telstra Ventures: 148 investors entered a company along with Telstra Ventures. These include investors like Google Ventures (3 companies).
- Invested after Telstra Ventures: A total of 213 investors have invested in Telstra Ventures's portfolio after their investments. Top Investors include Iconiq Capital (3 companies), Dell Technologies Capital (3 companies) and Gaingels (3 companies).
Recent News related to Telstra Ventures
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Telstra Ventures Announce Rebrand To Titanium VenturesTech Business News•Jun 25, 2024•Telstra Ventures
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Pandion Secures $41.5M in Series B Funding, Announces New Executive Team Members to Accelerate the Growth of its Residential Parcel Delivery Networkintelligence360•Mar 21, 2024•Pandion, Revolution, Playground, Prologis and 7 others
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Tabnine Raises $25 Million For AI Assistant For DevelopersCAESARS INTERACTIVE ENTERTAINMENT (UK) LIMITED•Nov 10, 2023•Tabnine, Telstra Ventures
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Tabnine Raises $25M in Series B FundingFinSMEs•Nov 08, 2023•Tabnine, Telstra Ventures, Atlassian, Elaia and 5 others
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Pexapark raises €20m of fresh capital to accelerate global expansioniTWire•Sep 26, 2023•Pexapark, Telstra Ventures, Swisscom, A&G and 7 others
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Swiss-based Pexapark raises €20M to provide the OS to buy, sell and manage renewable energySilicon Canals•Sep 26, 2023•A&G, Swisscom Ventures, Telstra Ventures, Pexapark
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Telstra Ventures-backed LambdaTest expands in the ANZ RegionCalgary Herald•May 22, 2023•Telstra Ventures, ANZ, TestMu AI
