Venture capital firm
137 Ventures portfolio
137ventures.com137 Ventures is a venture capital firm based in San Francisco, United States, founded in 2011. It has invested in 25 venture-backed companies across 32 funding rounds on VCMC, and led 3 of those rounds. 11 of them were in the last 12 months.
25
Venture-backed companies
in its portfolio on VCMC
32
Funding rounds
led 3
11
Last 12 months
rounds, Oct 2025 to Sep 2026
19
With a disclosed valuation
of 25 companies
$237.3B
Combined value of its private companies
the whole companies, not what 137 Ventures owns
24 private companies 137 Ventures has backed have a VCMC valuation; together they are worth $237.3B. That is the value of the whole companies, not what 137 Ventures owns. Ramp is 25% of the total. 1 company it backed has since been acquired and is not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full 137 Ventures portfolio (25 companies)
25 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Crusoe Hosting & Cloud Infrastructure Providers · since Series E, 2025 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 2 | Ramp Tech Companies · since Series E, 2025 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 3 | Base Power Utility companies · since Series C, 2025 | Series D Aug 2026 $1.00B | $13.8B | $11.3B – $19.4B | $16.9B (+23%) | $1.9B | 0% | 486 | growing | A | |
| 4 | Hadrian Aerospace and Defence · led at Series A, 2022 | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 5 | Together AI Tech Companies · since Seed, 2023 | Series C Jul 2026 $800M | $9.1B | $7.2B – $12.8B | $11.1B (+22%) | $1.2B | 0% | 432 | growing | A | |
| 6 | Temporal Tech Companies · since Series C, 2025 | Series E Sep 2026 $550M | $12.9B | $10.9B – $18.8B | $16.3B (+26%) | $1.8B | 0% | 610 | growing | A | |
| 7 | Applied Intuition Tech Companies · since Series F, 2025 | Series F Jun 2025 $600M | $20.9B | $13.7B – $24.0B | $20.9B (0%) | $2.3B | 0% | 1,625 | growing | A | |
| 8 | Cognition Tech Companies · since Growth, 2026 | Growth Equity May 2026 $1.00B | $28.1B | $22.6B – $36.2B | $31.5B (+12%) | $2.8B | 0% | 592 | growing | A | |
| 9 | Impulse Space Aerospace and Defence · led at Series B, 2024 | Series D Jun 2026 $500M | $4.9B | $3.7B – $6.9B | $6.0B (+23%) | $664M | 0% | 554 | growing | B | |
| 10 | Stord Warehousing & Storage · since Series D, 2021 | Debt Oct 2026 $400M | $3.6B | $2.6B – $5.4B | $4.7B (+31%) | $521M | 0% | 2,124 | growing | B | |
| 11 | Gusto Tech Companies · since Series C, 2018 | Series E Aug 2021 $175M | $18.0B | $7.1B – $20.7B | $18.0B (0%) | $2.0B | 0% | 8,228 | growing | B | |
| 12 | Hermeus Aircraft Parts & Services · since Series C, 2026 | Series C Apr 2026 $350M | $1.2B | $869M – $1.5B | $1.3B (+14%) | $148M | 0% | 384 | growing | A | |
| 13 | Armada Tech Companies · since Growth, 2023 | Series B May 2026 $230M | $2.4B | $1.7B – $3.5B | $3.1B (+28%) | $339M | 0% | 667 | growing | B | |
| 14 | Northwood Telecommunications · since Series B, 2026 | Series B Jan 2026 $100M | $685M | $364M – $1.1B | $775M (+13%) | $85.3M | 0% | 179 | growing | B | |
| 15 | Tech Companies · since Series E, 2024 | Series E Nov 2024 $175M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $318M | 0% | 1,055 | up | B | |
| 16 | Tech Companies · since Series B, 2021 | Series B Dec 2021 $50M | $177M | $16.0M – $378M | $169M (-5%) | $37.4M | 27% | 44 | flat | D | |
| 17 | Tech Companies · since Series B, 2023 | Series B Jul 2023 $27M | $127M | $34.3M – $379M | $103M (-19%) | $31.9M | 62% | 141 | flat | D | |
| 18 | Solar Energy Company · since Series C, 2025 | Series D Aug 2026 $1.00B | $13.8B | $11.3B – $19.4B | $16.9B (+23%) | $2.0B | 0% | 21 | up | A | |
| 19 | Learning, Tutoring & Courses · since Series A, 2014 | Series C Dec 2021 $380M | $1.1B | $318M – $7.3B | $1.1B (0%) | $523M | 96% | 2,256 | down | D | |
| 20 | Software Development Services · since Series E, 2021 | Series E May 2021 $300M | $657M | $252M – $4.3B | $537M (-18%) | $415M | 97% | 511 | down | D | |
| 21 | Employment Agencies & HR Consulting · since Growth, 2021 | Growth Equity Oct 2021 $138M | $1.4B | $113M – $2.3B | $1.4B (-2%) | $158M | 8% | 876 | flat | D | |
| 22 | Telecommunications · since Series C, 2026 | Series C Mar 2026 $100M | $1.1B | $782M – $1.3B | $1.2B (+11%) | $129M | 0% | 114 | unknown | A | |
| 23 | Business Consulting · led at Series C, 2022 | Series C May 2022 $40M | $113M | $32.0M – $772M | $104M (-8%) | $50.5M | 97% | 329 | down | D | |
| 24 | Tech Companies · since Series E, 2013 | Acquisition Nov 2018 $1.94B | $731M acquired 2018 | $37.0M – $1.1B | – | – | 0% | – | unknown | D | |
| 25 | Professional & Management Training · since Series A, 2020 | Series A Oct 2020 $12M | $191M | $10.1M – $343M | $185M (-3%) | $35.2M | 0% | 203 | up | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How 137 Ventures invests: stages, industries and countries
Most of its rounds are Series C and later (72%). Its companies span 13 industries, most in Tech Companies, Aerospace and Defence and Telecommunications, across 2 countries.
Rounds by stage
- Seed 1
- Series A 4
- Series B 4
- Series C and later 23
Investments by industry
- Tech Companies 11
- Aerospace and Defence 2
- Telecommunications 2
- Aircraft Parts & Services 1
- Business Consulting 1
- Employment Agencies & HR Consulting 1
- Hosting & Cloud Infrastructure Providers 1
- Learning, Tutoring & Courses 1
Investments by country
- United States 24
- United Kingdom 1
Recent rounds
137 Ventures' latest investments
137 Ventures' most recent funding rounds, newest first. 11 rounds in the last 12 months.
- Hadrian Series D, led $1.37B 6 Aug 2026
- Ramp Growth $750M 4 Jun 2026
- Impulse Space Series D, led $500M 2 Jun 2026
- Cognition Growth $1.00B 27 May 2026
- Hermeus Series C $350M 7 Apr 2026
- Series C $100M 19 Mar 2026
- Northwood Series B $100M 27 Jan 2026
- Ramp Growth $300M 17 Nov 2025
- Crusoe Series E $1.38B 24 Oct 2025
- Base Power Series C $1.00B 8 Oct 2025
Co-investors
137 Ventures' top co-investors
The investors that most often join the same rounds as 137 Ventures. Founders Fund leads, with 14 rounds together.
- Founders Fund 14 rounds together
- Lux Capital 11 rounds together
- Andreessen Horowitz 9 rounds together
- General Catalyst 8 rounds together
- CapitalG 5 rounds together
- 5 rounds together
- Coatue 5 rounds together
- Valor 5 rounds together
- Kleiner Perkins 5 rounds together
- 5 rounds together
About
About 137 Ventures
137 Ventures Management, LLC, DBA 137 Ventures, is an American investment management company that provides multi-stage venture capital and investment services, with a focus on technology companies. The company operates as an SEC registered investment advisor, offering liquidity solutions such as direct secondaries and primary financings to founders, investors, and early employees of growth-stage private technology firms. 137 Ventures also manages a portfolio of venture-backed companies and supports its operations with an investor portal and limited partner access.
Description from Veridion's company data.
- Founded
- 2011
- Based in
- San Francisco, United States
- Team
- 46 people, +10% in a year
- Type
- Venture capital firm
Focus markets
- Technology
What 137 Ventures offers
- Venture Capital Investment
- Technology Company Investment
- Secondary Market Investment
- Primary Financing Investment
- Liquidity Solutions
Questions
137 Ventures: frequently asked questions
How many companies has 137 Ventures invested in?
25 venture-backed companies on VCMC, across 32 funding rounds.
What are 137 Ventures' most valuable private companies?
Ramp ($60.1B), Crusoe ($31.7B), Cognition ($28.1B), by VCMC's valuation.
What was 137 Ventures' latest investment?
Hadrian, a Series D round in Aug 2026 of $1.37B, which 137 Ventures led.
Which stages does 137 Ventures invest in?
137 Ventures invests most often at Series C and later (23 rounds), followed by Series A (4) and Series B (4). It has also joined 1 seed round.
What is 137 Ventures' portfolio worth?
Its private companies with a VCMC valuation are worth $237.3B together. That is the sum of the companies' values, not what 137 Ventures owns.
Who does 137 Ventures invest alongside?
Founders Fund (14 rounds), Lux Capital (11 rounds), Andreessen Horowitz (9 rounds).