Palm Drive Capital

Palm Drive Capital

A venture capital firm in New York that focuses on technology businesses.

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.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
SimScale

SimScale is a cloud-based CAE software that helps users perform simulations of CAD models.

A company designing, developing and manufacturing supersonic passenger aircraft.

Creative Market is a marketplace for design assets like graphics, photos, fonts, website themes, icons, brushes & more.

WeLab is reinventing traditional financial services by creating seamless mobile lending experiences.

Impraise is a company providing a web and mobile application for sharing feedback between colleagues for performance and development initiatives.

Lentesplus is a Colombia-based e-commerce company.

10 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Palm Drive Ventures I LP
April 3, 2015
44,350,000
October 2019
3 Results
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People

Name
Role
LinkedIn

Seamon Chan

Co-Founder & Managing Partner

Catherine Cai

Vice President Of Investments, Chief Compliance Officer

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Lentesplus

BigOne Lab

Chec/Commerce.js

DataCubes

Deep Instinct

Truly

References

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