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.
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.
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.
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.
Series B - Gusto
Series A - Fair
Series G - Grab
Series C - Flexport
Venture Round - Callisto Media
Private Equity Round - Didi Chuxing
Series D - Postmates
Series B - Curology
Venture Round - Virgin Hyperloop One
Series C - Intercom
Associated investment funds
CHIEF FINANCIAL OFFICER
HEAD OF PLATFORM
HUMAN RESOURCES & EA
S. ALEXANDER JACOBSON
137 Ventures Co-Founder Kathy Chan Becomes An Operating Partner At Khosla
137 Ventures eyes $200M fund | PitchBook
137 Ventures Offers A Liquid Alternative To Selling Stock On Secondary Markets
137 Ventures Raises $137M Second Fund To Offer Early Liquidity To Startup Execs
137 Ventures to raise $200 mln fourth venture fund - PE Hub
Eventbrite Files Proposed Terms For $200 Million IPO
Gusto Raises $140 Million Series C to Transform the Future of Work
Term Sheet -- Tuesday, February 6
Venture Capital Firm 137 Ventures Closes Third Fund, at $200M; Adds Elizabeth Weil |FinSMEs
Documentaries, videos and podcasts
Term Sheet -- Tuesday, July 31
Jul 31, 2018