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137 Ventures

137 Ventures

A company providing custom liquidity solutions to founders, investors, and early employees of growth-stage private technology companies.

137 Ventures is a San Francisco based venture capital fund with more than $1.6 billion under management. The team invests in growth stage technology companies through primary direct investing and providing customized liquidity solutions to their founders, senior executives and early investors.

The founding partners were previously at Founders Fund, becoming the first EIR and co-leading the initial SpaceX and Spotify investments. The firms portfolio includes SpaceX, Wish, Flexport, Palantir, RigUp, Bird, AirBnB, Turo, DiDi, Coupang, Lattice, Curology and Gusto. 

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.

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, investing in primary equity financing rounds, as well as an emphasis on structured transactions with founders, senior executives, early investors and early employees at venture-backed companies with proven business models.

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 Justin Fishner-Wolfson, Kathy H. Chan, and Alex Jacobson. 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 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 B - 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

Associated investment funds

People

Name
Role
LinkedIn

ALI SMITH

ANALYST

ANDREW HANSEN

CHIEF FINANCIAL OFFICER

ANDREW LASZLO

MANAGING PARTNER

CHRISTIAN GARRETT

HEAD OF PLATFORM

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
Date

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

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

Web

Companies

Company
CEO
Location
Products/Services

Agari

Callisto Media

Curology

DiDi

Fair

Grab

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References

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