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.
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.
A company developing a data science platform for commercial underwriting.
Associated investment funds
Co-Founder & Managing Partner
Vice President Of Investments, Chief Compliance Officer
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