About VCET
VCET is a venture capital firm founded in 2005. It is primarily based out of Burlington, United States. As of Jan 2024, VCET has invested in 29 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 Consumer and High Tech. Most recently it participated in the $***** Series A round of Zymochem Overall, VCET portfolio has seen 1 IPO and 6 acquisitions including key companies like Goldman Sachs, KORE Power and NextCapital. A lot of funds co-invest with VCET, with names like Dudley Fund sharing a substantial percentage of its portfolio. VCET has team of 20 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
VCET's List of Top Investments
VCET has a portfolio of 29 companies. Their most notable investments are in Cannatrol and Northern Reliability.Their portfolio spans across United States and Cyprus. They have invested in Enterprise Applications, Consumer, High Tech and 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by VCET:Provider of investment banking asset management and financial advisory services. Operations include underwriting securities, facilitating mergers and acquisitions, and managing portfolios for institutional and private entities. The business provides transaction banking, equity research, and lending services to facilitate capital market activities. Additional functions involve managing alternative investments and providing strategic financial guidance for market participants.
Key facts about Goldman Sachs
- Founded Year: 1869
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Employee Count: 67,001 as on Sep 30, 2026
- Investors: Berkshire Hathaway, Bondeinvest.com and 4 Others
- Latest Funding Round: Conventional Debt, Aug 05, 2026, $*****
- Highlight: Public
2. Faraday
AI-based platform providing consumer insights to enterprises. The platform predicts consumer behaviors for brands and enables brands to expand the reach and focus ad spend on the right prospects. It provides solutions such as consumer insights, consumer engagement, customer acquisition, and location intelligence to uncover the right location for the business.
Key facts about Faraday
- Founded Year: 2012
- Location: Burlington (United States)
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 43 as on Aug 31, 2026
- Investors: Intercap, FreshTracks Capital and 6 Others
- Latest Funding Round: Series A, Jul 19, 2021, $*****
- Highlight: Editors' Pick
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3. KORE Power
Developer of battery cells, energy storage systems, and e-mobility solutions. The company manufactures cell and scalable block products for commercial, industrial, and grid-scale applications. It provides energy storage and EV charging solutions. The company also offers an asset management platform for remote monitoring.
Key facts about KORE Power
- Founded Year: 2018
- Location: Idaho Falls (United States)
- Stage: Acquired
- Total Funding till date: $75.1M
- Employee Count: 68 as on Sep 30, 2026
- Investors: ADS Ventures, Honeywell and 7 Others
- Latest Funding Round: Series C, Nov 30, 2022, $*****
- Highlight: Acquired
4. Zymochem
Provider of engineered microbes and biosynthetic pathways for industrial chemicals. The company is re-engineering the microbe and is designing a new biosynthetic pathway to eliminate/reduce the carbon loss in the biological conversion of sugars and other bio-based feedstocks. It claims that the chemicals are produced in the manufacturing of consumer products.
Key facts about Zymochem
- Founded Year: 2014
- Location: Berkeley (United States)
- Stage: Series B
- Total Funding till date: $50.5M
- Employee Count: 47 as on Sep 30, 2026
- Investors: InCred, Toyota Ventures and 15 Others
- Latest Funding Round: Series B, Sep 18, 2026, $*****
- Highlight: Editors' Pick
5. NextCapital
Key facts about NextCapital
- Founded Year: 1997
- Location: Chicago (United States)
- Stage: Acquired
- Total Funding till date: $85M
- Employee Count: 20 as on Sep 30, 2026
- Investors: Francisco Partners, AllianceBernstein and 11 Others
- Latest Funding Round: Series D, Dec 21, 2020, $*****
- Highlight: Acquired
VCET's Year-on-Year Investment Trends
VCET has invested in 29 companies over the last 16 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Zymochem and most recent follow-on round was in Pwnie Express.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 1 | 2 |
VCET's Investments by Stage
VCET has made 4 investments in Seed stage with an average round size of $1.33M, 3 investments in Series A stage with an average round size of $22.4M and 1 investment in Series C stage with an average round size of $30M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
VCET's Investments by Sector
VCET has a diverse portfolio, with companies operating in the Consumer, High Tech, Media & Entertainment, Sustainability Tech and Travel and Hospitality Tech. Notably, it has invested in 22 Tech companies, 21 Enterprise (B2B) companies, 14 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 2 |
High Tech | 2 |
Media & Entertainment | 2 |
Sustainability Tech | 2 |
Travel and Hospitality Tech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
VCET's Investments by Geography
VCET has made most investments in United States (7), followed by Cyprus where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 7 |
Cyprus | 1 |
Note: We have considered here, only first round of investments
VCET's recent investments
VCET has not made any investment in 2026 so far.Here are the most recent investments by VCET:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 16, 2024 | United States | Series A | 9472 | [+7] | |
Sep 05, 2023 | United States | Seed | 3420 | ||
Jun 14, 2023 | United States | Series A | 1032 | [+4] | |
Dec 28, 2017 | United States | Series C | 6510 | [+3] | |
Nov 13, 2017 | United States | Series B | 6970 | [+2] |
IPOs and Publicly Listed companies in VCET's Portfolio
1 of VCET's portfolio company became public - Goldman Sachs. It got listed on the New York Stock Exchange (NYSE), in May 1999 at marketcap of $23.6BHere are VCET's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 04, 1999 | - | - | 8639 |
Acquired companies in VCET's Portfolio
6 companies from VCET's portfolio have been acquired. The most recent acquisition was KORE Power in Jun 2026 by 1 Energy Inc for $*****.Here are VCET's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2026 | - | - | 5726 | |
Mar 29, 2022 | Dec 28, 2017 | Series C | 9777 | |
Mar 23, 2022 | Apr 11, 2013 | Seed | 7639 | |
Oct 03, 2019 | Jul 29, 2013 | Series A | 8358 | |
Jun 02, 2016 | May 28, 2015 | Seed | 6446 |
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Team profile of VCET
VCET has a team of 20 members including 8 Partners located in United States. VCET's team does not sit on the board of any company as of now.Here is a list of top team members in VCET:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Charlotte | - | - | |
Partner | Burlington | - | - | |
Partner | Boston | - | ||
Partner | Middlebury | - | - | |
Partner | Burlington | - | - | |
Partner | Middlebury | - | - | |
Partner | New York City | - | - | |
Partner | Burlington | - | - |
Co-investors of VCET
Over the past 16 years, 35 investors have co-invested in VCET's portfolio companies. This includes funds and angels.
- Invested before VCET: SOSV, Breakout Ventures and 16 others have invested in rounds before VCET. There is 1 company where SOSV has invested before VCET and 1 company where Breakout Ventures has invested before VCET.
- Top Co-investors of VCET: 12 investors entered a company along with VCET. These include investors like Dudley Fund (2 companies).
- Invested after VCET: A total of 5 investors have invested in VCET's portfolio after their investments. Top Investors include OSTI (1 company), IA Capital Group (1 company) and Ascent Venture Partners (1 company).
Recent News related to VCET
•
Lost Lantern Completes $1M Fundraising RoundBevNET.com•May 05, 2022•FreshTracks Capital, Dudley Fund, VCET, Lost Lantern
•
Vernal Biosciences Launches to Democratize Access to High Quality mRNA ManufacturingBusiness Wire•Jul 12, 2021•Vernal Biosciences, Alloy Therapeutics, VCET
