About USAA
USAA is a venture capital firm founded in 2010. It is primarily based out of San Antonio, United States. As of Jun 2025, USAA has invested in 34 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 High Tech and FinTech. Most recently it participated in the $***** Series B round of Conquest Planning Overall, USAA portfolio has seen 2 unicorns, 2 IPOs and 18 acquisitions including key companies like Coinbase, Care.com and TrueCar. A lot of funds co-invest with USAA, with names like BBVA Ventures sharing a substantial percentage of its portfolio. USAA has team of 12 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 4 more
Portfolio IPOs
USAA's List of Top Investments
USAA has a portfolio of 34 companies, including 2 unicorns. Their most notable investments are in RepairPal and BillGO.Their portfolio spans across United States, Canada and Israel. They have invested in Enterprise Applications, High Tech, FinTech and 18 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by USAA:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,411 as on May 31, 2026
- Investors: TrueBridge, Vibhu Venture Partners and 147 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. Prosper
Prosper is a peer-to-peer lending marketplace. Prosper allows people to invest in each other in a way that is financially and socially rewarding. Borrowers list loan requests between $2,000 and $35,000 and individual lenders can invest as little as $25 in each loan listing they select. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors. It also offers personal loans for business purposes. It has disbursed more than $5B in loans as of February 2016. Its investors include investors include Sequoia Capital, BlackRock, Institutional Venture Partners, and Credit Suisse NEXT Fund.
Key facts about Prosper
- Founded Year: 2005
- Location: San Francisco (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $414M
- Employee Count: 474 as on May 31, 2026
- Investors: Meritech, EG Capital Advisors and 48 Others
- Latest Funding Round: Conventional Debt, Nov 17, 2022, $*****
- Highlight: Editors' Pick
3. Care.com
Provider of an app-based marketplace for booking caregivers. It enables users to have access to a large network of caregivers such as child care, senior care, and pet care. It also enables people to list themselves as a caregiver. It offers mobile applications for Android and iOS devices.
Key facts about Care.com
- Founded Year: 2006
- Location: Waltham (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2018
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $111M
- Employee Count: 12,150 as on Mar 05, 2025
- Investors: Cross Creek, Archer Venture Capital and 11 Others
- Latest Funding Round: Post IPO, Jun 29, 2016, $*****
- Highlight: Acquired
4. TrueCar
Online new and used cars listing platform. It provides car pricing and information for new or used car buyers and dealers. It offers used cars through a chain of self-certified dealers. It also provides tools such as a price and sales analyzer. Their app is available for Android and iOS devices.
Key facts about TrueCar
- Founded Year: 2005
- Location: Santa Monica (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $270M
- Employee Count: 385 as on May 31, 2026
- Investors: Allen & Company, Archer Venture Capital and 22 Others
- Latest Funding Round: Post IPO, Nov 15, 2022, $*****
- Highlight: Acquired
5. ID.me
Cloud based secure identity management and authentication solutions, provider. It is a digital identity verification platform that provides a secure way for individuals to prove and share the identity online, offering a range of services including identity verification, authentication, and access to deals and benefits.
Key facts about ID.me
USAA's Year-on-Year Investment Trends
USAA has invested in 34 companies over the last 15 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in Conquest Planning and most recent follow-on round was in Lumotive.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 1 | 2 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 1 | 2 | 3 |
2018 | 1 | 2 | 3 |
2017 | 4 | 1 | 5 |
USAA's Investments by Stage
USAA has made 10 investments in Series A stage with an average round size of $12.3M, 6 investments in Series B stage with an average round size of $27.6M and 4 investments in Series C stage with an average round size of $30.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 10 |
Series B | 6 |
Series C | 4 |
Series D | 3 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
USAA's Investments by Sector
USAA has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Enterprise Infrastructure and Auto Tech. Notably, it has invested in 34 Tech companies, 26 Enterprise (B2B) companies, 22 Software companies and at least 11 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
FinTech | 10 |
High Tech | 7 |
Enterprise Infrastructure | 5 |
Auto Tech | 4 |
Others | 36 |
Note: We have considered here, only first round of investments
USAA's Investments by Geography
USAA has made most investments in United States (23), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 23 |
Canada | 2 |
Note: We have considered here, only first round of investments
USAA's recent investments
USAA has not made any investment in 2026 so far.Here are the most recent investments by USAA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2025 | Canada | Series B | 8312 | [+6] | |
Feb 20, 2025 | United States | Series B | 9968 | [+9] | |
Jan 04, 2023 | United States | Series A | 7978 | ||
Sep 16, 2020 | United States | Series B | 1893 | - | |
Jun 25, 2019 | United States | Series B | 1273 | [+11] |
Unicorns in USAA's Portfolio
USAA has 2 unicorns in its portfolio - ID.me and MX. The most recent unicorn in their portfolio is ID.me. It became a unicorn in 2021, 7 years after USAA first invested in it.Here is a list of unicorns in USAA's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Cloud based secure identity management and authentication solutions provider | 2010 | Mclean | Series E | nivoayg | ||
69 | Provider of data-driven analytics and open banking API for businesses | 2010 | Lehi | Series C | l{uqxip |
IPOs and Publicly Listed companies in USAA's Portfolio
2 of USAA's portfolio companies have become public. Coinbase got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2021 at marketcap of $28.7B.Here are USAA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2021 | Jan 20, 2015 | Series C | 9599 | |
- | Oct 25, 2016 | Series A | 6695 |
Acquired companies in USAA's Portfolio
18 companies from USAA's portfolio have been acquired. The most recent acquisition was Care.com in Mar 2026 by Pacific Avenue Capital Partners for $*****.Here are USAA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 02, 2026 | Oct 12, 2011 | Series D | 5794 | |
Oct 14, 2025 | Sep 07, 2011 | Series E | 3933 | |
Nov 26, 2024 | Nov 11, 2014 | Series B | 8897 | |
Apr 06, 2023 | Apr 15, 2016 | Series C | 1631 | |
Feb 22, 2023 | Oct 15, 2015 | Series A | 4920 |
Team profile of USAA
USAA has a team of 12 members including 7 Principals located in United States. USAA's team does not sit on the board of any company as of now.Here is a list of top team members in USAA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | San Antonio | - | - | |
Principal | San Antonio | - | - | |
Principal | San Antonio | - | - | |
Principal | - | - | - | |
Principal | San Antonio | - | - | |
Principal | Chicago | - | - | |
Principal | - | - | - |
Co-investors of USAA
Over the past 15 years, 285 investors have co-invested in USAA's portfolio companies. This includes funds and angels.
- Invested before USAA: USAA, Andreessen Horowitz and 108 others have invested in rounds before USAA. There are 3 companies where USAA has invested before USAA and 2 companies where Andreessen Horowitz has invested before USAA.
- Top Co-investors of USAA: 65 investors entered a company along with USAA. These include investors like BBVA Ventures (2 companies).
- Invested after USAA: A total of 110 investors have invested in USAA's portfolio after their investments. Top Investors include CapitalG (3 companies), IVP (2 companies) and Battery Ventures (2 companies).
Recent News related to USAA
•
Lumotive Raises $45 Million To Expand Sales Of Programmable Optical SemiconductorsCIO Influence•Feb 20, 2025•Lumotive, Swisscom Ventures, Eastbridge Group, EDOM Technology and 13 others
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USAA invests in tech startup that detects leaky pipesThe Business Journals•Nov 20, 2017•USAA, Flo Technologies, Crosslink Capital, Anthemis Group and 2 others
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ID.me, Inc. Raises $10 Million in Equity and Venture DebtPRWeb•Apr 08, 2014•ID.me, SVB, BoxGroup, K Street Capital and 5 others
