About WestCap
WestCap is a venture capital firm founded in 1997. It is primarily based out of San Francisco, United States. As of Dec 2025, WestCap is an active investor, having invested in 46 companies, with 1 new investment 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 FinTech and Consumer. Most recently it participated in the $***** Series D round of Preply Overall, WestCap portfolio has seen 11 unicorns, 4 IPOs and 3 acquisitions including key companies like Klarna, StubHub and Celsius. A lot of funds co-invest with WestCap, with names like Oak HC/FT sharing a substantial percentage of its portfolio. WestCap has team of 76 people including 17 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series C & 7 more
Portfolio Unicorns
WestCap's List of Top Investments
WestCap has a portfolio of 46 companies, including 11 unicorns. Their most notable investments are in Sharegain and Boatsetter.Their portfolio spans across United States, United Kingdom, Canada and 3 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 18 other sectors, across stages such as Series B, Series C and 7 more. Here is the list of top investments by WestCap:
1. Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.
Key facts about Klarna
- Founded Year: 2005
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $4.19B
- Employee Count: 4,591 as on Apr 30, 2026
- Investors: Harvest Growth Capital, TCV and 134 Others
- Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
- Highlight: Public
2. StubHub
Online ticket marketplace for events. It allows buyers to purchase and sellers to resell tickets for sports events, concerts, theater performances, and other live entertainment. It also allows sellers to price tickets for listing various events.It provides users with information about events such as dates, timings, venue details, ticket details, and more.
Key facts about StubHub
- Founded Year: 2000
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $53.4M
- Employee Count: 1,802 as on Apr 30, 2026
- Investors: Allen & Company, Staenberg Venture Partners and 17 Others
- Latest Funding Round: Series E, Dec 23, 2021, $*****
- Highlight: Public
3. Zupee
Operator of digital platforms providing skill based board game applications. These applications offer various formats of traditional games including board and card variations. Users engage in matches that require strategic planning and timing to achieve objectives within defined constraints. The software functions on mobile and desktop devices to facilitate interactive gameplay. Each game session focuses on individual performance and decision making to determine outcomes.
Key facts about Zupee
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: ₹1,170Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $122M
- Employee Count: 554 as on Jul 31, 2025
- Investors: Z47, WestCap and 24 Others
- Latest Funding Round: Series B, Jan 05, 2022, $*****
- Highlight: Editors' Pick
4. Celsius
Online exchange, swap, and liquidity solutions for cryptocurrency. Users can borrow loans using the crypto holdings as collateral. Users can earn interest via the coins that are sent from the user's wallet or used as POS collateral. It also offers P2P crypto transfer solutions to users.
Key facts about Celsius
- Founded Year: 2017
- Location: Hoboken (United States)
- Annual Revenue: £15.3M as on Feb 29, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $956M
- Employee Count: 119 as on Apr 30, 2026
- Investors: Cianna Capital, WestCap and 15 Others
- Latest Funding Round: Series B, Aug 19, 2022, $*****
- Highlight: Acquired
5. Paxos
Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises. The company offers a platform for building blockchain and stablecoin solutions. It provides digital assets backed by redemption and regulatory oversight. The company facilitates stablecoin payments, crypto brokerage, and stablecoin issuance. It also offers technology built within regulatory structures.
Key facts about Paxos
- Founded Year: 2012
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $535M
- Employee Count: 311 as on Apr 30, 2026
- Investors: Alua Capital Management, Mithril and 36 Others
- Latest Funding Round: Series D, Jan 21, 2022, $*****
- Highlight: Editors' Pick
WestCap's Year-on-Year Investment Trends
WestCap has invested in 46 companies over the last 7 years, with an average of 6 new investments annually in the last 5 years. In 2025, it made 4 investments. Its most recent first time investment was in Preply and most recent follow-on round was in Peek.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 2 | 4 |
2024 | 2 | 5 | 7 |
2023 | 3 | 1 | 4 |
2022 | 9 | 3 | 12 |
2021 | 17 | 10 | 27 |
2020 | 7 | 1 | 8 |
2019 | 2 | 0 | 2 |
WestCap's Investments by Stage
WestCap has made 14 investments in Series B stage with an average round size of $119M, 9 investments in Series C stage with an average round size of $93M and 7 investments in Series D stage with an average round size of $123M.Stage of entry | No. of Investments |
|---|---|
Series B | 14 |
Series C | 9 |
Series D | 7 |
Series A | 5 |
Series E | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
WestCap's Investments by Sector
WestCap has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Financial Services and Vertical SaaS. Notably, it has invested in 45 Tech companies, 31 Enterprise (B2B) companies, 25 Software companies and at least 21 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
FinTech | 20 |
Consumer | 13 |
Financial Services | 8 |
Vertical SaaS | 8 |
Others | 49 |
Note: We have considered here, only first round of investments
WestCap's Investments by Geography
WestCap has made most investments in United States (38), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 38 |
United Kingdom | 2 |
Canada | 1 |
India | 1 |
Israel | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
WestCap's recent investments
WestCap has not made any investment in 2026 so far.Here are the most recent investments by WestCap:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 31, 2025 | United States | Series D | 2465 | [+2] | |
Nov 20, 2025 | United States | Series C | 1809 | ||
May 13, 2025 | United States | Series G | 7200 | [+4] | |
May 13, 2025 | United States | Series B | 8051 | - | |
Dec 16, 2024 | United States | Series B | 1810 |
Unicorns in WestCap's Portfolio
WestCap has 11 unicorns in its portfolio - Preply, Blueground, Avenue One and others. The most recent unicorn in their portfolio is Preply. It became a unicorn in 2026.Here is a list of unicorns in WestCap's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Platform connects language learners with online tutors for personalized lessons | 2012 | Brookline | Series D | t{ssaba | ||
77 | Provider of furnished apartment rental platform for flexible mid‑ to long‑term stays | 2013 | New York City | Series D | xt{rceh | ||
41 | Online platform and marketplace for single-family rental (SFR) homes, providing a full-service solution for buyers, sellers, lenders, and borrowers | 2020 | New York City | Series D | cmggisr | ||
78 | Wealth management solutions for advisors | 2009 | Mountain View | Series G | kjdoacz | ||
61 | Developer of games and a platform for secondary in-game economies | 2018 | Los Angeles | Series C | hlssi{t |
IPOs and Publicly Listed companies in WestCap's Portfolio
4 of WestCap's portfolio companies have become public. StubHub got listed on the New York Stock Exchange (NYSE), in Sep 2025 at marketcap of $8.06B and Klarna got listed on the New York Stock Exchange (NYSE) at marketcap of $15.1B.Here are WestCap's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2025 | - | - | 9850 | |
Sep 10, 2025 | Jun 10, 2021 | Series H | 8463 | |
Mar 19, 2021 | Jun 24, 2020 | Series E | 3228 | |
May 01, 2020 | - | - | 5205 |
Acquired companies in WestCap's Portfolio
3 companies from WestCap's portfolio have been acquired. The most recent acquisition was Amount in Sep 2025 by FIS for $*****.Here are WestCap's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 24, 2025 | May 18, 2021 | Series D | 3662 | |
May 25, 2023 | Oct 12, 2021 | Series B | 2974 | |
May 25, 2022 | Jul 22, 2021 | Series B | 6418 |
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Team profile of WestCap
WestCap has a team of 76 members including 17 Partners and 22 Principals located in United States, India and 1 more location. WestCap's team sits on the board of 2 companies.Here is a list of top team members in WestCap:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Draper | - | ||
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | India | |||
Partner | San Francisco | - | ||
Partner | New York City | |||
Partner | Raleigh | - | ||
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | New York City | - |
Co-investors of WestCap
Over the past 7 years, 515 investors have co-invested in WestCap's portfolio companies. This includes funds and angels.
- Invested before WestCap: BlackRock, Canaan and 303 others have invested in rounds before WestCap. There are 3 companies where BlackRock has invested before WestCap and 3 companies where Canaan has invested before WestCap.
- Top Co-investors of WestCap: 103 investors entered a company along with WestCap. These include investors like Oak HC/FT (3 companies).
- Invested after WestCap: A total of 107 investors have invested in WestCap's portfolio after their investments. Top Investors include FTX (2 companies), D1 Capital Partners (2 companies) and BlackRock (2 companies).
Recent News related to WestCap
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Preply Raises $150 Million to Shape the Future of Education through Human-Led, AI-Enhanced Learningintelligence360•Feb 09, 2026•Preply, WestCap, Goldman Sachs
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Preply Achieves $1.2B Valuation with $150M Series D to Expand AI-Driven Language Learningtechnologies.org•Jan 21, 2026•Preply, WestCap, Westcap, EBRD and 8 others
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Peek Secures $70M to Become the ‘Shopify for Experiences,’ Snapping Up Two RivalsVentureburn•Nov 20, 2025•Peek, Connect&Go, ACME Technologies, Springcoast Capital Partners and 1 other
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Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Roundintelligence360•May 26, 2025•WestCap, Addepar, 8VC, Valor Equity Partners and 1 other
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Addepar Raises $230 Million in Series G Funding RoundPR Newswire•May 14, 2025•Addepar, Vitruvian Partners, WestCap, 8VC and 2 others
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Addepar Raises $230 Million in Series G Funding, Reaching $3.25 Billion ValuationSuperbCrew•May 14, 2025•Addepar, Vitruvian Partners, WestCap, EDBI and 2 others
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Addepar Secures $230M in Series G FundingPrivatebankerinternational•May 14, 2025•Addepar, Vitruvian Partners, WestCap, SG Growth Capital and 3 others
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Addepar Secures $230 Million in Series G Funding at $3.25 Billion ValuationGlobal Fintech Series•May 13, 2025•Addepar, Vitruvian Partners, WestCap
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Highnote Secures $90 Million Series B, Announces Expansion into U.S. Merchant Acquiringintelligence360•Feb 06, 2025•Highnote, Adams Street Partners, Oak Street Health, Costanoa and 2 others
