137 Ventures

137 Ventures is a San Francisco-based investment firm established in 2011 that specializes in growth-stage venture capital. The firm employs an innovative investing model that focuses on structured transactions with founders, senior executives, early investors, and employees of venture-backed companies that have demonstrated viable business models. With over $850 million in assets under management, 137 Ventures invests across a diverse range of sectors, including space exploration, digital health, financial technology, enterprise software as a service, and consumer internet. This firm is recognized for its flexible investment approach, targeting seed, early, growth, and later-stage companies, and is registered as an investment adviser.

Kathy H. Chan

Founder and Managing Partner

Justin Fishner-Wolfson

Co-Founder, Managing Partner

Christian Garrett

Principal, Investment

Jess Guenzl

Principal

Andrew Hansen

CFO, COO and Partner

Alex Jacobson

Co-Founder, Managing Partner

Brian Jue

Senior Associate

James Pardee IV

Associate

Nicholas Procaccini

Investment Partner

Andrew Schreder

Analyst

31 past transactions

Temporal

Series C in 2025
Temporal Technologies Inc. is a software company based in Bellevue, Washington, established in 2019. It develops an open-source microservices orchestration engine that enables developers to create and manage scalable distributed applications, workflow functions, and data pipelines. The platform supports seamless execution of development, debugging, and testing processes, along with resource provisioning and monitoring tools. It also offers solutions for financial transactions. Temporal's technology is designed to ensure the reliable completion of workflows of any size and complexity, incorporating features such as built-in support for exponential activity retries and compensation logic through the native saga pattern. Additionally, the company provides cloud services to enhance its offerings.

Ramp

Secondary Market in 2025
Ramp is a company that specializes in providing modern solutions for financial operations and enterprise content delivery. Its financial platform includes tools for corporate card management, expense tracking, bill payments, and seamless accounting integrations, aimed at helping organizations optimize their financial tasks and reduce costs. Additionally, Ramp offers advanced video management and delivery software, enabling companies to enhance video content discovery, user engagement, and secure delivery. Its products, such as VideoVerge and AltitudeCDN, leverage innovative technologies like speech-to-text and natural language processing to create rich metadata for video assets, allowing them to be effectively integrated into popular content management systems. Ramp serves a diverse clientele, including prominent media companies and organizations across various industries such as healthcare, finance, and technology. Founded in 1948 and based in Boston, Massachusetts, Ramp operates as a subsidiary of Raytheon BBN Technologies Corporation.

Kong

Series E in 2024
Kong Inc. operates an application programming interface (API) marketplace focused on cloud-based services, facilitating the distribution, monetization, management, and consumption of cloud APIs. The company offers several key products, including Galileo, an analytics platform for monitoring and visualizing APIs and microservices; Kong, an open-source API management layer; and Kong Enterprise Edition, designed to meet the scale and traffic needs of large organizations. Additionally, Kong Inc. features an API Marketplace for the distribution and consumption of both private and public APIs. The company also provides API Documentation and a Developer Portal that cater to a wide range of users, from individual developers to large corporations, offering tools such as a Markdown Editor, Swagger/API-blueprint Import, code example generation, and versioning support. Founded in 2009 and based in San Francisco, California, the company was previously known as Mashape, Inc. and rebranded to Kong Inc. in October 2017.

Verifiable

Series B in 2023
Verifiable Inc. is a company that specializes in healthcare credential verification and compliance monitoring software. Founded in 2019, it provides an automated platform for primary source verifications, tracking credentials and sanctions, and generating audit reports. The company is focused on simplifying license authentication for healthcare providers by connecting with state and federal databases, allowing users to access numerous primary sources from a single location. Verifiable's technology includes real-time data monitoring and automated compliance features, which help organizations reduce risk and enhance patient safety. The company operates from Austin, Texas, and serves various healthcare entities by offering solutions that save time and improve compliance in the credential verification process.

Torch

Series C in 2022
Torch is a leadership development platform with integrated coaching, software, and feedback to raise high performers to the next level. It was founded by a team of executive coaches and experienced psychologists who are passionate about helping senior leaders perform at their highest level. Torch is on a mission to empower leaders to build high growth, high-performance cultures by building the awareness and skills required to manage and lead effectively. Our proven model blends human intelligence and digital technology to accelerate talent development and deliver measurable leadership outcomes.

Hadrian

Series A in 2022
Hadrian is a startup focused on manufacturing precision components specifically for the aerospace and defense industries. The company designs and operates autonomous, software-defined factories that produce critical components for technology firms involved in building rockets, satellites, jets, and electric vertical takeoff and landing (eVTOL) vehicles. By leveraging advanced manufacturing techniques, Hadrian aims to deliver precision components efficiently and cost-effectively, enabling frontier technology enterprises to accelerate their production processes.

Wonolo

Series D in 2021
Wonolo Inc. is an on-demand staffing platform that connects businesses with temporary workers to meet their immediate labor needs. Founded in 2014 and based in San Francisco, California, Wonolo allows job seekers to find hourly or daily work in various fields, including general labor, warehouse operations, delivery, merchandising, event staffing, and administrative roles. The platform pre-screens workers to ensure they meet specific standards, facilitating a streamlined job-matching process for organizations. Wonolo aims to empower underemployed individuals by providing access to flexible work opportunities, skill development, and competitive compensation. With a growing network of businesses and a significant number of workers, Wonolo is transforming the staffing industry and addressing the challenges of contingent labor in the United States. The company is committed to fostering an inclusive work environment and offers equal employment opportunities to all applicants and employees.

Workrise

Series E in 2021
Workrise is a technology company that operates an online platform designed to connect energy companies, service providers, and skilled workers in the energy sector. The platform enhances communication and collaboration among these groups, streamlining the process of finding qualified workers and accessing necessary services. By facilitating resource sharing, Workrise aims to improve operational efficiency within the energy market, making it easier and safer for businesses to engage with the workforce they require.

Podium Education

Series A in 2020
Podium Education, Inc. is an Austin, Texas-based company that specializes in online education services. Founded in 2019, it collaborates with universities to offer online undergraduate programs aimed at expanding access to education and enhancing student enrollment and outcomes. Podium Education focuses on developing digital skills, particularly in technology and intercultural competency, ensuring that students acquire both hard and soft skills that are essential for successful employment. Through its innovative learning experiences, the company provides undergraduate students with in-demand skills via online credit certificates and minor programs, ultimately improving educational outcomes for a diverse student population.

Grab

Series G in 2018
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.

Flexport

Series C in 2017
Flexport, Inc. is a global freight forwarder and logistics platform that offers online customs brokerage and freight forwarding services. Established in 2013 and headquartered in San Francisco, California, the company provides a modern web application that allows businesses to understand, purchase, manage, and track global trade services. Flexport's offerings include customs clearances, product classification, and various freight options, such as ocean, air, and road transport. Additionally, the platform provides supply chain services, including cargo insurance, quality inspections, warehousing, fulfillment, product sourcing, and trade finance. By utilizing advanced technology, Flexport aims to enhance the user experience in global trade, enabling logistics companies to optimize transportation routes and inventory management while ensuring timely delivery of goods to fulfillment centers.

Anduril Industries

Seed Round in 2017
Anduril Industries, Inc. is a defense technology company that designs, manufactures, and deploys advanced hardware and software products to address complex national security challenges faced by the United States and its allies. Founded in 2017 and headquartered in Irvine, California, with additional offices in Washington, D.C., and Seattle, the company employs top technical talent to create innovative solutions. Its offerings include the Lattice Platform, which integrates artificial intelligence, computer vision, and machine learning to provide a cohesive operational picture; the Sentry Tower, which collects data across the electromagnetic spectrum; and the Ghost sUAS, a man-portable unmanned aerial system capable of performing various missions autonomously. Additionally, Anduril develops the Anvil sUAS, designed for precise drone threat interception while providing visual feedback for human operators. Through its cutting-edge technology, Anduril aims to enhance defense capabilities and support frontline personnel in safeguarding national interests.

Didi

Private Equity Round in 2017
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

Curology

Series B in 2016
Curology, Inc. is a San Diego-based company that specializes in prescription skincare products tailored for acne and anti-aging. Established in 2014, Curology offers a range of treatments targeting issues such as acne, clogged pores, dark spots, skin firmness, texture, and wrinkles. The company distinguishes itself by providing personalized skincare solutions delivered directly to customers' homes, making professional skincare more accessible and affordable. Through virtual consultations with licensed dermatology providers, Curology creates custom formulas that have been shown in clinical trials to be significantly more effective than over-the-counter alternatives. The platform also fosters community engagement, allowing users to connect and share their skincare journeys. Founded by a mother-son team of dermatologists, Curology aims to democratize access to effective skincare treatments for a broader audience.

Intercom

Series C in 2015
Intercom, Inc. is a customer communication platform designed for web and mobile businesses, facilitating personalized interactions with customers at scale. The platform allows teams to engage with their audience through various channels, including websites, mobile applications, and email. Intercom offers several key products: Acquire for real-time website chat, Engage for targeted onboarding and retention messaging, Learn for customer feedback collection, and Support for customer assistance within applications. With a global customer base exceeding 25,000 organizations, such as notable companies like Atlassian, Amazon, and Lyft, Intercom processes over 500 million messages each month, reaching more than 600 million active users. Founded in 2011 and headquartered in San Francisco, California, with an office in Dublin, Ireland, Intercom is dedicated to transforming customer service through effective messaging and automation.

Wish

Series E in 2015
Wish is an e-commerce platform, putting a digital shopping mall of affordable goods directly in the pockets of consumers worldwide. Wish employs big data principles, machine-learning, and search technologies to create a highly-visual, entertaining, and personalized browsing experience for each user. The company leverages a global network of directsuppliers, providing access to top quality, affordable products to anyone with a smartphone. As of 2018, Wish has more than 80 million monthly active users, over one million merchants, and sells nearly 1 billion products annually. For more information about the company or to download the Wish mobile app.

Planet

Series C in 2015
Planet is a startup based in San Francisco and founded by former NASA employees that collects information about its changing planet via a fleet of compact, highly capable Earth-imaging satellites. The broad coverage and high frequency of Planet's satellite imagery will enable customers with unprecedented access to global and local insights that currently are either impossible or cost-prohibitive to obtain. It designs, builds, and operates the largest fleet of satellites, as well as online software, tools, and analytics needed to deliver data to users. Planet offers a diverse selection of imagery and analytic solutions, all made available online through our platform and web-based tools. They provide geospatial insights at the speed of change, equipping users with the data necessary to make informed, timely decisions.

SymphonyAI Sensa

Series C in 2015
SymphonyAI Sensa specializes in advanced crime detection services tailored for financial institutions globally. Utilizing a unique blend of artificial intelligence and machine learning, Sensa identifies criminal activities that traditional detection systems often overlook. Customers have reported significant improvements, including an 81-fold enhancement in risk-to-alert ratios, a 263% increase in Suspicious Activity Reports (SARs), and a 77% reduction in false positives. The platform not only provides predictive insights but also streamlines operations by accurately pinpointing genuine anomalies within existing data. Sensa is designed to be user-friendly and offers fully explainable results, ensuring compliance with regulatory standards.

WorkMarket

Series C in 2015
WorkMarket, Inc. is a company that specializes in providing a freelance management platform designed for small to medium-sized businesses and enterprises. Its cloud-based software enables organizations to efficiently manage their freelance workforce by streamlining processes such as recruitment, vetting, workflow management, and payment automation. The platform also includes tools for compliance risk mitigation and performance tracking, allowing companies to oversee various aspects of their contractor management from a single dashboard. WorkMarket serves a diverse range of sectors, including technology services, retail, marketing, and vendor networks. Established in 2007 and based in New York, with an additional office in Toronto, the company was renamed WorkMarket in 2010 and has since positioned itself as a subsidiary of Automatic Data Processing, Inc.

Coupang

Private Equity Round in 2014
Coupang is an e-commerce company that specializes in a wide range of products, including apparel, electronics, footwear, food items, furniture, and nutritional supplements. The company operates primarily through two segments: Product Commerce and Developing Offerings. The Product Commerce segment, which is the main source of revenue, encompasses both core retail with owned inventory and marketplace offerings that feature third-party merchants. Additionally, Coupang offers Rocket Fresh, a service for fresh grocery products, along with advertising solutions linked to its product offerings. Through its diverse range of products and services, Coupang aims to enhance the online shopping experience for consumers in its market.

Course Hero

Series A in 2014
Course Hero, Inc. operates an online learning platform that provides students and educators with access to a wide range of study materials. Founded in 2006 and based in Redwood City, California, the platform offers an extensive database of student-uploaded resources, including lecture notes, study guides, textbook solutions, practice problems, exams, and video lectures from various institutions. Additionally, Course Hero features an educator platform for sharing materials and collaborating, along with a flashcard application that enables users to search for existing sets or create their own. The company also connects students with expert tutors who respond to academic queries, fostering a comprehensive learning environment.

Airbnb

Series D in 2014
Airbnb, Inc. operates a global online platform that connects hosts with guests seeking short-term accommodations and unique experiences. Founded in 2007 and headquartered in San Francisco, California, the company was initially named AirBed & Breakfast before rebranding in 2010. Airbnb facilitates bookings for various types of lodging, including private rooms, luxury villas, and boutique hotels, offering over 8 million active listings from more than 5 million hosts worldwide. The platform enables both hosts and guests to manage their transactions effectively through online and mobile tools. As of 2023, a significant portion of Airbnb's revenue, derived entirely from transaction fees on bookings, comes from the North American market. With a presence in nearly every country, Airbnb has established itself as the world's largest online alternative accommodation travel agency.

2U

Series D in 2013
2U, Inc. is an education technology company headquartered in Lanham, Maryland, operating in various countries including the United States, Hong Kong, South Africa, and the United Kingdom. Founded in 2008, 2U specializes in providing a cloud-based Software-as-a-Service platform that enables nonprofit colleges and universities to offer online degree programs and alternative credentials, such as short courses for working professionals. The company operates in two segments: the Graduate Program Segment, which focuses on full graduate degrees, and the Short Course Segment, aimed at skill enhancement for career advancement. 2U partners with educational institutions to deliver comprehensive support services, including enrollment, student support, and course development. Its technology platform facilitates a blend of live classes, engaging course content, and practical learning experiences, ensuring high-quality educational outcomes for students across the globe.

Apptio

Series E in 2013
Apptio, Inc. is a provider of cloud-based Technology Business Management (TBM) solutions designed to assist enterprises in managing their IT investments effectively. Founded in 2007 and headquartered in Bellevue, Washington, Apptio offers a suite of applications that leverage business analytics to deliver insights on technology costs, value, and quality. This enables IT leaders to make informed, data-driven decisions that align technology spending with business outcomes. The company’s solutions encompass cost transparency, benchmarking, operational efficiency, and planning, facilitating automation of IT processes. Apptio's technology operates on a next-generation, in-memory cost analytics platform that aggregates and analyzes data from various financial, operational, and billing sources, providing users with deep visibility into the total cost of IT services. The company serves a global market, with operations in several countries, including the United States, the United Kingdom, Germany, and Australia.

Eventbrite

Series F in 2013
Eventbrite, Inc. is a ticketing and experience technology platform that operates both in the United States and internationally. Founded in 2006 and headquartered in San Francisco, California, the company enables users to find, create, and manage a variety of events, including conferences, workshops, music performances, and fundraisers. Its platform integrates essential tools for planning, promoting, and producing live events, which helps event creators streamline processes, minimize costs, and enhance ticket sales. Eventbrite also offers mobile applications to facilitate event management and ticket sales. The company primarily generates revenue from its operations in the United States, serving a diverse range of customers worldwide.

Spotify

Series E in 2012
Spotify Limited is a leading digital music-streaming service that offers users on-demand access to a vast library of songs across various devices, including computers, mobile phones, and home entertainment systems. Founded in 2006 and headquartered in Stockholm, Sweden, Spotify allows users to search for and discover music from friends, artists, and celebrities, while also enabling them to create, share, and edit playlists collaboratively. The platform includes features like personalized recommendations and radio playlists based on users' listening habits. Spotify operates on a freemium model, with revenue generated primarily from its premium subscription service and a secondary ad-supported service. As of 2023, the company boasts 602 million monthly active users, with a significant portion of its revenue derived from subscriptions. Additionally, Spotify provides tools for artists to promote their music through advertising and social media integration.

Palantir Technologies

Series G in 2012
Palantir Technologies Inc. is a data analytics company that provides software solutions for integrating, visualizing, and analyzing large and complex data sets. Founded in 2003 and headquartered in Palo Alto, California, Palantir offers two primary platforms: Palantir Gotham, which supports government organizations in managing and analyzing data, and Palantir Foundry, which serves commercial enterprises. The company's software enables organizations across various sectors—including government, defense, finance, healthcare, and non-profits—to collaborate and derive insights from vast amounts of information. Palantir’s solutions address a range of applications, including anti-fraud efforts, crisis response, cybersecurity, and healthcare delivery. The company has established strategic partnerships, such as with United Airlines, to enhance its service offerings.

Postmates

Seed Round in 2012
Postmates Inc. is an on-demand food and grocery delivery platform based in San Francisco, California. Founded in 2011, the company connects customers with local couriers to facilitate the delivery of products from a wide range of stores and restaurants across the United States. With access to over 600,000 merchants, including exclusive offerings, Postmates enables users to discover, order, and track groceries, alcohol, and meals with ease. The platform is particularly prominent in Los Angeles and covers 80% of U.S. households, serving customers in all 50 states. Additionally, Postmates offers a subscription service, Postmates Unlimited, which provides free delivery from all participating merchants, enhancing the convenience of its service.

SolarCity

Series G in 2012
SolarCity is a solar energy system provider based in San Mateo, California, specializing in the design, financing, installation, and maintenance of solar panels and solar roof tiles for residential and commercial clients. The company aims to deliver reliable clean energy solutions, contributing to the transition towards renewable energy. In 2016, Tesla acquired SolarCity and subsequently shifted its business model to a fully online platform, integrating its services with Tesla’s vehicles and battery systems. This transformation has allowed SolarCity to streamline its operations and enhance its offerings in the renewable energy sector. Additionally, SolarCity manages an infrastructure fund that focuses on investing in renewable energy assets across the United States.

Tumblr

Series E in 2011
Tumblr is an online publishing platform designed to enable users to connect, express themselves, and discover content. It allows individuals to share a variety of media, including text, photos, quotes, links, music, and videos, from various devices such as browsers, phones, desktops, or via email. This functionality facilitates the creation of short-form blogs, making it easy for users to post and engage with multimedia content.

SpaceX

Series F in 2010
SpaceX, officially known as Space Exploration Technologies, is a space transportation company founded in 2002 by Elon Musk and headquartered in Hawthorne, California. The company specializes in the design, manufacture, and launch of advanced rockets and spacecraft, including notable vehicles such as Falcon Heavy, Dragon, and Starship. SpaceX develops a range of technologies including crew and cargo capsules, rocket engines, and avionics, alongside guidance and control software. A key focus of SpaceX is the creation of partially reusable launch vehicles, such as Falcon 1 and Falcon 9, which aim to reduce the costs associated with space travel. By enabling the transport of cargo, humans, and payloads into space, SpaceX seeks to advance the capabilities and affordability of space exploration and travel.
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