About TL Ventures
TL Ventures is a venture capital firm founded in 1988. It is primarily based out of Wayne, United States. As of Aug 2015, TL Ventures has invested in 81 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 Life Sciences and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of Tradiv Overall, TL Ventures portfolio has seen 1 unicorn, 4 IPOs and 38 acquisitions including key companies like iSpot.tv, Esperion Therapeutics and Northstar Group Services. A lot of funds co-invest with TL Ventures, with names like Canaan sharing a substantial percentage of its portfolio. TL Ventures has team of 13 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
TL Ventures' List of Top Investments
TL Ventures has a portfolio of 81 companies, one of which is a Unicorn. Their most notable investments are in Optichron and QuatRx.Their portfolio spans across United States, Australia, China and 4 more locations. They have invested in Enterprise Applications, Life Sciences, Food and Agriculture Tech and 22 other sectors, across stages such as Series A, Series B and 6 more. Here is the list of top investments by TL Ventures:1. iSpot.tv
Platform offering campaign analytics software. It provides digital analytics to the TV screen using cutting edge ACR technology. The platform provides brands with instant visibility into the delivery and reach of every ad on TV. It captures all the content and ads consumers view on smart Tvs across broadcast, cable, VOD, etc. It provides the results to advertisers and networks to evaluate and optimize ad investments. It offers a dashboard that enables users to drill into Tv ad activity by industry and specific brands.
Key facts about iSpot.tv
- Founded Year: 2012
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $441M
- Employee Count: 365 as on Mar 31, 2026
- Investors: Insight Partners, Peak Opportunity Partners and 3 Others
- Latest Funding Round: Series D, Jan 12, 2024, $*****
- Highlight: Editors' Pick
Developer of lipoprotein cholesterol (LDL-C) lowering therapies. Its drug pipeline includes Bempedoic Acid (ETC-1002) (Inhibitor of ATP Citrate Lyase) which is low-density lipoprotein cholesterol (LDL-C) lowering small molecule designed to lower elevated levels of LDL-C and to avoid side effects associated with existing LDL-C lowering therapies; ESP41091 and ApoA-1 Mimetics.
Key facts about Esperion Therapeutics
- Founded Year: 1998
- Location: Ann Arbor (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $107M
- Employee Count: 344 as on May 31, 2026
- Investors: HBM Healthcare Investments, Oberland Capital and 16 Others
- Latest Funding Round: Post IPO, Apr 26, 2021, $*****
- Highlight: Acquired
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Key facts about Northstar Group Services
- Founded Year: 1986
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $29.5M
- Employee Count: 53 as on May 31, 2026
- Investors: Shorehill Capital, Benchmark and 11 Others
- Latest Funding Round: Series B, Nov 14, 2007, $*****
- Highlight: Acquired
4. Aberdeen
Provider of intent-based marketing and sales solutions. The platform offers solutions such as ABM optimization, sales enablement, contact center solutions, data analytics, sales funnel optimization, and others.
Key facts about Aberdeen
- Founded Year: 1988
- Location: Waltham (United States)
- Stage: Acquired
- Total Funding till date: $11.3M
- Employee Count: 209 as on May 31, 2026
- Investors: Tennessee Community Ventures, TL Ventures and 3 Others
- Latest Funding Round: Seed, Jul 2005, $*****
- Highlight: Acquired
5. Utility
Cloud-based field service management suite solutions. It offers a resource management tool to control field operations. The features include RFID interfaced algorithm asset and location tracking, virtual cameras for digital evidence management, incident reporting, internal communication management, history tracker, etc. It also provides an alert system that notifies police of any accident or incident taking place on the field.
Key facts about Utility
- Founded Year: 2000
- Location: Decatur (United States)
- Stage: Acquired
- Total Funding till date: $58.6M
- Employee Count: 353 as on Apr 30, 2026
- Investors: Trinity Capital, Kinetic Ventures and 8 Others
- Latest Funding Round: Series C, Jul 18, 2017, $*****
- Highlight: Acquired
TL Ventures' Investments by Stage
TL Ventures has made 18 investments in Series A stage with an average round size of $17M, 15 investments in Series B stage with an average round size of $18.1M and 8 investments in Series C stage with an average round size of $19.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 18 |
Series B | 15 |
Series C | 8 |
Unattributed | 4 |
Seed | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
TL Ventures' Investments by Sector
TL Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Semiconductors, Business Services and Telecom. Notably, it has invested in 47 Enterprise (B2B) companies, 44 Tech companies, 24 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
Life Sciences | 10 |
Semiconductors | 10 |
Business Services | 4 |
Telecom | 4 |
Others | 26 |
Note: We have considered here, only first round of investments
TL Ventures' Investments by Geography
TL Ventures has made most investments in United States (49), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 49 |
Australia | 1 |
China | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
TL Ventures' recent investments
TL Ventures has not made any investment in 2026 so far.Here are the most recent investments by TL Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 07, 2015 | United States | Seed | 7860 | [+2] | |
Oct 08, 2013 | United States | Series A | 1504 | ||
Dec 13, 2012 | China | Series A | 5363 | - | |
Jun 05, 2012 | United States | Series A | 7363 | [+4] | |
Apr 2012 | United States | Series A | 5688 | [+1] |
Unicorns in TL Ventures' Portfolio
TL Ventures has 1 unicorn in its portfolio - iSpot.tv. The most recent unicorn in their portfolio is iSpot.tv which became a unicorn in 2022, 8 years after TL Ventures first invested in it.Here is a list of unicorns in TL Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Platform offering campaign analytics software | 2012 | Seattle | Series D | zugfnjc |
IPOs and Publicly Listed companies in TL Ventures' Portfolio
4 of TL Ventures' portfolio companies have become public. Zalicus got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2005 and Epirus Biopharma got listed on the OTC Markets (OTCMKTS).Here are TL Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 09, 2005 | Mar 10, 2004 | Series C | 7554 | |
Nov 09, 2005 | Mar 10, 2004 | Series B | 3029 | |
Jun 09, 2000 | - | - | 6126 | |
- | Aug 03, 2007 | Series C | 8471 |
Acquired companies in TL Ventures' Portfolio
38 companies from TL Ventures' portfolio have been acquired. The most recent acquisition was Esperion Therapeutics in May 2026 by ARCHIMED for $*****.Here are TL Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 01, 2026 | Jan 13, 2000 | Series A | 8609 | |
Aug 26, 2024 | - | - | 2172 | |
Nov 13, 2023 | Nov 14, 2000 | Series C | 7743 | |
Jan 22, 2021 | Jun 05, 2012 | Series A | 7085 | |
Nov 23, 2020 | Mar 19, 2001 | Series B | 6263 |
Team profile of TL Ventures
TL Ventures has a team of 13 members including 6 Partners located in United States and United Kingdom. TL Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in TL Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | - | |
Partner | Philadelphia | - | - | |
Partner | Pittsburgh | - | - | |
Partner | - | - | - | |
Partner | Kansas City | - | - | |
Partner | Leeds | - | - |
Co-investors of TL Ventures
Over the past 28 years, 212 investors have co-invested in TL Ventures's portfolio companies. This includes only funds.
- Invested before TL Ventures: Ben Franklin Technology Partners, Industrifonden and 32 others have invested in rounds before TL Ventures. There are 2 companies where Ben Franklin Technology Partners has invested before TL Ventures and 1 company where Industrifonden has invested before TL Ventures.
- Top Co-investors of TL Ventures: 102 investors entered a company along with TL Ventures. These include investors like Canaan (5 companies).
- Invested after TL Ventures: A total of 76 investors have invested in TL Ventures's portfolio after their investments. Top Investors include Intel Capital (3 companies), Samsung Venture Investment (3 companies) and SVB (2 companies).
Recent News related to TL Ventures
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Apex Trading Closing Friends and Family Round Led by Sand Hill AngelsPR Newswire•May 01, 2018•Apex Trading, Sand Hill Angels, TL Ventures
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Cannabis startup Tradiv is raising $1M to connect growers and sellers | VentureBeatVentureBeat•Aug 23, 2015•Tradiv, The Arcview Group, Poseidon Asset Management, TL Ventures and 1 other
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SkyCross Raises $11 Million in Series E Funding to Ramp 4G/LTE Antenna SolutionsSkyCross•May 24, 2011•SkyCross, Docomo Capital, Gabriel Venture Partners, Intel Capital and 2 others
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AirWalk Communications Raises $10 Million to Advance Small Cell Portfolio | Business WireBusiness Wire•Feb 08, 2011•AirWalk Communications, Sevin Rosen, TL Ventures, Alta Berkeley and 1 other
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SMSC Announces Acquisition of Kleer Semiconductor Corporation | Business WireBusiness Wire•Feb 18, 2010•Kleer, SMSC, USVP, TL Ventures
