Western Technology Investment is a venture capital firm in California that focuses on offering acquisition financing to revenue generating firms. Founded 1980 in Portola Valley, California, United States by Ronald Swenson, it invests in early stage ventures, grants, late stage ventures, private equity, seed, series B, series A and debt financing. Its portfolio companies include Axonius, Sparta Science, Veev, and L1ght. As of April 2020, Western Technology Investment has made 227 investments. Their most recent investment was on March 31, 2020, when Axonius raised $58M. Western Technology Investment has had 67 exits, the most notable of which include Facebook, Stitch Fix, and Jet. Western Technology Investment has raised a single venture fund, Western Technology Investment Fund VII. This fund was announced on January 9, 2013 and raised a total of $375M.
Timeline
Funded Companies
Company providing consultation for security standards and regulatory compliance for technology startups
Planet Labs is a San Francisco-based satellite imaging company offering daily monitoring of images of the Earth.
A technology company offering a platform for renting properties.
A biotechnology and industrial automation company. It was founded in 2010 and is located in San Francisco, California.
An enterprise software company that has made a platform for customer relationship management (CRM). It was founded in 2014 and is located in San Francisco, California.
U.S-based Cisco subsidiary designing fabless silicon photonics semiconductors.
The Climate Corporation (Climate) is a digital agriculture company that is a subsidiary of Bayer. The Climate Corporation, founded in 2006 and based in San Francisco, examines weather, soil and field data.
Boost Media is a San Francisco-based company using crowdsourcing and market testing to help businesses find effective words and images for marketing campaigns.
Renovia is a Boston-based medical device company developing diagnostic and therapeutic devices for women with pelvic floor disorders.
Ambient.ai is an artificial intelligence company focused on cloud computing and computer situational awareness.
PayJoy is a software development company offering a mobile digital platform to purchase new smartphones and receive loans using their smartphone as collateral.
Julep beauty, inc. is a privately held seattle, wa based cosmetics company.
Artificial intelligence company specializing in big data analysis of scientific and technical literature.
Berkeley Design Automation, Inc. is a leader in nanometer circuit verification.
Kareo is an ehr, medical practice management software and medical billing services company.
Metawave is a developer of metamaterials for wireless communications, including materials for autonomous driving radar systems.
Stitch Fix is a San Francisco-based company founded in 2011.
Pathway Genomics is a San Diego-based company founded in 2008 by Jim Plante.
Medsphere Systems is an information technology company providing supply chain and IT services for the healthcare industry.
Iolon, Inc. is a laser design and manufacturing company.
Zodiac is a company founded by Dan McCarthy, Justin Bleich, Artem Mariychin and Peter Fader.
Tizeti is a Nigeria-based company.
CytoVale is a company that develops biomarkers based on the mechanical properties of cells to identify diseases. It has applied its technology to detect sepsis.
CyberHeart is a company founded by Thomas Fogarty.
People
Andrew Baldwin
Principal
David Wanek
Investment Partner
Patrick Ward
Associate
Further reading
Documentaries, videos and podcasts
Companies
Axonius
L1ght
Talage
Veev
References
Company attributes
Venture Capital Firm attributes
Other attributes
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Contributors
- 1
Lax Mariappan
Technopreneur, Open source enthusiast, author, speaker. Co-founder of Eternus Global. Crafting applications for the medical industry. - 2
Reys Phillips
A graduate of Cleveland State University with a Bachelor of Science in Education. My main hobbies include story writing and reading. - 3
Jed Christiansen
Special Projects & Business Development at Golden, Founder - Seed-DB. - 4
Neelam Jhaveri
Techno Geek + Gamer + Fashionista + Sense of Humor = It's ME - 5
Jude Gomila
Founder and CEO of Golden, Entrepreneur. Investor in 200+ companies. Cantabrigian (Gonville and Caius). Interested in the Universe.