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137 Ventures

137 Ventures

137 Ventures is a company that provides customized liquidity solutions to founders, investors, and early employees of growth-stage private technology companies. 137 Ventures is based in San Francisco and was founded in 2011.

137 Ventures is a growth-stage venture firm that provides customized liquidity solutions to founders, investors, and early employees of high-growth private technology companies.The venture capital firm specializes in investments in later stage and growth stage companies. It targets companies operating in the technology sector.

Investments

The firm invests in companies with revenue of more than $1 million, and more than 50% growth per year expected over the next 3 – 5 years. The firm also makes secondary investments. It provides loans against private company stock.With more than $850 million of assets under management, the firm invests in companies across a broad range of technical areas including space exploration, digital health, financial technology, enterprise SaaS, and consumer internet. The fund has a flexible mandate with an emphasis on structured transactions with founders, senior executives, early investors and early employees at venture-backed companies with proven business models.

137 Ventures has made 27 investments since 2011. Their most recent investment was on Jul 31, 2018, when they invested $140M in Gusto.

Services

137 Ventures also supports entrepreneurs and founders by providing guidance and introductions to professional service providers, including corporate attorneys, trust and estate attorneys, private wealth managers, banking relationships including mortgage providers, real estate brokers, insurers, and other venture capital firms.

History

137 Ventures was founded in 2011 by Alex Jacobson, Justin Fishner-Wolfson and Kathy H. Chan. The company manages assets in excess of $850 million dollars. In addition to personalized liquidity solutions, 137 Ventures also participates in primary direct equity financing rounds. 137 Ventures has raised raise four funds and a total of $387M across 3 funds. 137 Ventures III was announced on May 11, 2016, and raised a total of $200M.

Timeline

July 30, 2018

Gusto investment

Series C - Gusto

$140M

March 4, 2018

Fair investment

Series A - Fair

$50M

January 10, 2018

Grab investment

Series G - Grab

September 20, 2017

Flexport investment

Series C - Flexport

$110M

June 29, 2017

Callisto Media

Venture Round - Callisto Media

April 27, 2017

Didi Chuxing

Private Equity Round - Didi Chuxing

$5.5B

September 15, 2016

Postmates investment

Series D - Postmates

$140M

August 23, 2016

Curology investment

Series B - Curology

$15M

October 8, 2015

Virgin Hyperloop One investment

Venture Round - Virgin Hyperloop One

August 25, 2015

Intercom investment

Series C - Intercom

$35M

People

Name
Role
Related Golden topics

ANDREW HANSEN

CHIEF FINANCIAL OFFICER

ANDREW LASZLO

MANAGING PARTNER

ELIZABETH WEIL

MANAGING PARTNER

FEROEZ CHINKONSUNG

OFFICE MANAGER

JAMES PARDEE

ASSOCIATE

JUSTIN FISHNER-WOLFSON

MANAGING PARTNER

MICHAEL HICKEY

CONTROLLER

MICHELLE TUNLEY

EXECUTIVE ASSISTANT

NICHOLAS PROCACCINI

PRINCIPAL

NICOLE HASHEMI

HUMAN RESOURCES & EA

S. ALEXANDER JACOBSON

MANAGING PARTNER

Further reading

Title
Author
Link
Type

137 Ventures Co-Founder Kathy Chan Becomes An Operating Partner At Khosla

Anthony Ha

Web

137 Ventures eyes $200M fund | PitchBook

Web

137 Ventures Offers A Liquid Alternative To Selling Stock On Secondary Markets

Jason Kincaid

Web

137 Ventures Raises $137M Second Fund To Offer Early Liquidity To Startup Execs

Anthony Ha

Web

137 Ventures to raise $200 mln fourth venture fund - PE Hub

Mark Boslet

Web

Eventbrite Files Proposed Terms For $200 Million IPO

Donovan Jones

Gusto Raises $140 Million Series C to Transform the Future of Work

Web

Term Sheet -- Tuesday, February 6

Web

Venture Capital Firm 137 Ventures Closes Third Fund, at $200M; Adds Elizabeth Weil |FinSMEs

Web

Companies

Company
CEO
Location
Products/Services

2U

Agari

airbnb

Ayasdi

Callisto Media

Coupang

Curology

DiDi

EasyPost

Fair

Flexport

Getaround

Grab

Gusto

Intercom

NUTANIX

Palantir

SolarCity

SpaceX

Spotify

Tumblr

TURO

SHOW ALL (27)

References