Trinity Ventures

Trinity Ventures

Trinity Ventures is a VC firm investing in early-stage technology companies focused on consumer services, SaaS, and cloud.

Founded in 1986, Trinity Ventures is a venture capital firm. Starting in the mid 1990's, Trinity ventures shifted their investment focus from brands and physical retail to digital media and eCommerce. Their focus grew to include mobile service, on-demand services, social media and Software-as-a-Service.

Trinity takes a collaborative approach to their investments, where they feel personal engagement, mutual respect and goal alignment drive returns for entrepreneurs and investors. Trinity Ventures approaches investments as partnerships with entrepreneurs. They aspire to build the company from inception rather than liquidate investments independent of the company or other stakeholders.

In late 2019, Trinity Ventures had $1.37 billion of committed capital. Trinity Ventures has raised a total of $2.2 billion across nine funds. In July of 2019, Trinity Ventures filed with the SEC for their Trinity Ventures XIII fund. The filing, for $250 million, is the smallest fund since their Fund VI in 1998.

Their portfolio has included iconic brands such as Starbucks, Zulily and New Relic and unicorns like Auth0, Cohesity, Turo and Outreach. Trinity Ventures has 111 exits.

Timeline

August 30, 2019

Baton Systems Secures $12 Million Series A led by Trinity Ventures

The Series A investment round is led by Trinity Ventures, with participation from Alsop Louie and Commerce Ventures.

Baton is already processing more than $12 billion each business day in payments between market participants and clearing house counterparties, enabling more efficient management of the foreign exchange settlements and margining process.

This increases transparency and reduces processing times from days to minutes, freeing up billions of dollars in tied-up capital.

"Bank-to-bank settlement today is slow and manual, trapping billions of dollars that could instead be used to grow businesses.

July 19, 2019

On Friday afternoon, Sand Hill Road venture capital firm Trinity Ventures submitted paperwork to the SEC disclosing its intent to raise $250 million for its thirteenth venture capital fund.

Funded Companies

Company
Description
Website
Industry
Location

Networking vendor selling enterprise wireless lan and edge access networking equipment.

Docker provides an open-source project for deploying applications inside software containers.

A software company that provides functionality insights regarding software for enterprises. It was founded in 2008 and is located in San Francisco, California.

A software company offering a workflow management and process improvement platform.

Moda Operandi is a New York City-based fashion company founded by Aslaug Magnusdottir.

Turo is a car sharing marketplace where one can book any car they want, wherever they want it, from a community of local hosts in the US, Canada, UK, & Germany

Biotechnology software company offering protein modelling and design capabilities.

WayUp is a company connecting students with jobs during and after college. It participated in the W15 cohort of Y Combinator.

Cloudability is a Bellevue, Washington-based company founded by Mat Ellis, JR Storment and Jon Frisby.

Blue Nile is a Seattle-based company founded by Ben Elowitz.

Bevi is a Boston-based company founded by Frank Lee, Sean Grundy and Eliza Becton.

Wetpaint is a New York City-based company founded by Ben Elowitz.

Figure Eight is a machine learning and artificial intelligence company.

Taulia is a San Francisco-based company founded by Bertram Meyer, Philip Stehlik, Markus Ament and Martin Quensel.

Posterous provides a blogging platform. It started in May 2008.

101 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
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People

Name
Role
LinkedIn

Ajay Chopra

Employee

Bob Wilson

Employee

Brian Balfour

Employee

Christopher Michel

Investor

Dan Scholnick

Employee

Diego Berdakin

Investor

Ed Zimmerman

Investor

Galia Benartzi

Employee

Irene Au

Employee

Jason Snyder

Employee

Joe Hyrkin

Employee

Jonathan (Jasper) Sherman-Presser

Employee

Karan Mehandru

Employee

Larry Orr

Employee

Mark Moran

Employee

Matthew Goldstein

Employee

Peter Pham

Employee

Phil Carter

Employee

Rich Boyle

Investor

Sachin Rekhi

Employee

Thomas Byrne

Employee

Tom Cole

Employee

Tom McInerney

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Jonathan Shieber
November 25, 2019
TechCrunch
Over the years, Trinity Ventures has racked up many exits for its limited partners. Through deals in consumer brands like Starbucks and Zulily and enterprise companies like TubeMogul and New Relic, the Menlo Park-based fund has found repeated success, but as it retrenches with a pared-down investment team and a much smaller new fund, Trinity's [...]
Anne Cassidy
June 24, 2019
BBC News
Entrepreneur Dave Asprey is the man behind the craze of adding butter and oil to your mug of coffee.

References

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