Palm Drive Capital is a venture capital firm in New York that focuses on technology businesses. Founded 2014 in New York, United States by Hendrick Lee and Seamon Chan, it invests in series A, series C, seed, series B, and other venture rounds. Its portfolio companies include Addepar, Deep Instinct, SimScale, and Catalyte. As of April 2020, Palm Drive Capital has made 43 investments. Their most recent investment was on February 12, 2020 with Deep Instinct. Palm Drive Capital has had two exits, the most notable of which include Jet and Medumo. Palm Drive Capital has raised three funds, their latest being Palm Drive Capital III. This fund was announced on October 3, 2019 and raised a total of $44.4M.
Associated investment funds
Funding Rounds Participated In
Co-Founder & Managing Partner
Vice President Of Investments, Chief Compliance Officer
Documentaries, videos and podcasts
- Venture capitalVenture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Capital invested usually carries a substantial element of risk.