# Elephant: portfolio, investments and team

> Elephant is a vc firm based in United States. 54 investments on record, 11 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/elephant (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Elephant

Last cheque observed Jul 2026; 54 cheques on record.

Email

Deploying now New fund $151M, Aug 2026 VC firm

Seed Series A Series B B2b2c Enterprise Software

Follow Elephant and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Felephant)

Deploying now

**73%** of best year **11** **cheques in 12 months**, 54 on record

Since the last cheque **95** days **00** hrs **00** min **00** sec

Median round **$16M** Cheque size, as they say **$100K – $60M** Rounds led **3 of 54** Sole investor **25 rounds** Mostly in **United States, 65%**

Pitch Elephant

## Elephant highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Series A and Series B: 66% of its rounds
- 03 Sole investor in 25 rounds, median $4.6M

## What they do

> Elephant is a venture capital firm focused on investing in fast-growing, capital-efficient technology companies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $60M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** B2b2c Enterprise Software
- **Based in:** Boston, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **54 appearances**

- **2026** 9 rounds
- **Jul** **[ThreatLocker](https://millionrounds.com/company/threatlocker)** Growth · US · TechStartups **$190M** *Led*
- **Jul** **[TJM Labs](https://millionrounds.com/company/tjm-labs)** Series B · US **$75M** With 1 other
- **Jul** **[DebtBook](https://millionrounds.com/company/debtbook)** Venture · US **$997K** Sole investor
- **May** **[DataMission.ai](https://millionrounds.com/company/datamission-ai)** Seed · US **$1.0M** Sole investor
- **May** **[Tekst](https://millionrounds.com/company/tekst)** Series A · BE **$14M** Sole investor
- **May** **[Borro](https://millionrounds.com/company/borro)** Seed · BE **$1.5M** With 1 other
- **Apr** **[Mosyle](https://millionrounds.com/company/mosyle)** Venture · US **$100M** With 3 others
- **Mar** **[Quantic School of Business and Technology](https://millionrounds.com/company/quantic-school-of-business-and-technology)** Crowdfunding · US **$502K** With 1 other
- **Feb** **[microsynetics GmbH](https://millionrounds.com/company/microsynetics-gmbh)** Series A · DE **$10M** With 1 other
- **2025** 12 rounds
- **Dec** **[EVERTRUST](https://millionrounds.com/company/evertrust)** Series A · FR **$12M** Sole investor
- **Nov** **[Park Loyalty Inc.](https://millionrounds.com/company/park-loyalty-inc)** Series A · US **$4.0M** Sole investor
- **Oct** **[hey circle](https://millionrounds.com/company/hey-circle)** Venture · DE **Undisclosed** Sole investor
- **Sept** **[Ultralytics](https://millionrounds.com/company/ultralytics)** Series A · US **$30M** With 1 other
- **Sept** **[Pedago](https://millionrounds.com/company/pedago)** Venture · US **$1.4M** Sole investor
- **Aug** **[Stavtar Solutions](https://millionrounds.com/company/stavtar-solutions)** Series A · US · AlleyWatch **$55M** *Led*
- **Jul** **[Tecovas](https://millionrounds.com/company/tecovas)** Venture · US **$10M** With 2 others
- **Jun** **[KnowBe4](https://millionrounds.com/company/knowbe4)** Debt · US **$1.5B** With 4 others
- **Apr** **[Sipay](https://millionrounds.com/company/sipay)** Series B · TR · TechCrunch **$78M** *Led*
- **Apr** **[Didomi](https://millionrounds.com/company/didomi)** Growth · FR **$82M** With 3 others
- **Apr** **[ThreatLocker](https://millionrounds.com/company/threatlocker)** Series E · US **$60M** With 3 others
- **Mar** **[Fleetio](https://millionrounds.com/company/fleetio)** Series D · US **$450M** With 3 others
- **2024** 3 rounds
- **Jul** **[Quantum Commodity Intelligence](https://millionrounds.com/company/quantum-commodity-intelligence)** Series A · GB **$16M** Sole investor
- **Apr** **[Payhoa](https://millionrounds.com/company/payhoa)** Series A · US **$28M** Sole investor
- **Jan** **[Welligence](https://millionrounds.com/company/welligence)** Venture · US **$41M** Sole investor
- **2023** 4 rounds
- **Jul** **[PVcase](https://millionrounds.com/company/pvcase)** Series B · LT **$100M** With 2 others
- **Jul** **[DebtBook](https://millionrounds.com/company/debtbook)** Series A · US **$13M** Sole investor
- **Mar** **[DataDome](https://millionrounds.com/company/datadome)** Series C · US **$42M** With 4 others
- **Feb** **Triple Whale** Series B · IL **$25M** With 1 other
- **2022** 5 rounds
- **Oct** **[Revelio Labs](https://millionrounds.com/company/revelio-labs)** Series A · US **$15M** With 5 others
- **May** **[Mosyle](https://millionrounds.com/company/mosyle)** Series B · US **$196M** With 3 others
- **May** **[Keelvar](https://millionrounds.com/company/keelvar)** Series B · IE **$24M** With 4 others
- **Apr** **[Sequoir](https://millionrounds.com/company/sequoir)** Seed · US **$1.7M** With 1 other
- **Apr** **[Planhat](https://millionrounds.com/company/planhat)** Series A · SE **$50M** Sole investor
- **2021** 3 rounds
- **Oct** **[Cometeer](https://millionrounds.com/company/cometeer)** Series B · US **$35M** With 3 others
- **Sept** **[T-Lab](https://millionrounds.com/company/t-lab)** Seed · SG **$1.6M** With 2 others
- **Jul** **[SecurEnds](https://millionrounds.com/company/securends)** Series A · US **$21M** Sole investor
- **2020** 2 rounds
- **Apr** **[Beijing HexFuture Technology](https://millionrounds.com/company/beijing-hexfuture-technology)** Series A **$4.2M** Sole investor
- **Mar** **[ViaX](https://millionrounds.com/company/viax)** Series A **$10M** With 2 others
- **2019** 4 rounds
- **Dec** **[A Cloud Guru](https://millionrounds.com/company/a-cloud-guru)** Venture **Undisclosed** With 2 others
- **Jun** **[KnowBe4](https://millionrounds.com/company/knowbe4)** US · FinSMEs **$300M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

AM **Andrew Martin Hunt** Managing Member of the General Partner i Filing they signed

JD **Jeremiah Daly** Managing Member of the General Partner i Filing they signed

PJ **Patrick John Cammarata** Chief Operating Officer and Chief Compliance Officer i Form ADV

We also hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$3.6B** assets it manages Oct 2026

**5+** funds on file numbered funds in its name

**Registered** investment adviser full reporting to the SEC

- **Legal name:** JAHD Management Company, LLC
- **SEC number:** CRD 282189

Funds on its Form ADV

**13** private funds, **$2.9B** in gross assets · filed Mar 2024

Venture **12** Hedge **1**

- Elephant Partners V, L.P. *Venture* 226 investors $670M
- Elephant Partners IV, L.P. *Venture* 116 investors $514M
- Elephant Partners II, L.P. *Venture* 68 investors $457M
- Elephant Partners III, L.P. *Venture* 75 investors $416M
- Elephant Partners I, L.P. *Venture* 73 investors $337M
- Elephant Partners V-B, L.P. *Venture* 49 investors $132M
- Elephant Partners 2019 SPV-A, L.P. *Venture* 14 investors $96M
- Elephant Partners SPV-A, L.P. *Venture* 17 investors $83M
- Elephant Partners IV-B, L.P. *Venture* 33 investors $79M
- Elephant Partners III-B, L.P. *Venture* 27 investors $64M

And 3 more on the filing.

New fund on file

**$151M**

raised in Aug 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$16M** the round, not its cheque Alone, median **$4.6M**

Led 3 of 54 rounds **6%**

- **Said size:** $100K – $60M
- **Sole investor:** 25 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Series A said *20*
- Series B said *9*
- Venture *7*
- Seed said *4*
- Growth said *4*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [StepStone Group](https://millionrounds.com/fund/stepstone-group) 4
- [Arthur Ventures](https://millionrounds.com/fund/arthur-ventures) 3
- [Airtree Ventures](https://millionrounds.com/fund/airtree) 2
- [Album VC](https://millionrounds.com/fund/album) 2
- [Bossa Invest](https://millionrounds.com/fund/bossa-invest) 2
- [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) 2

**Pitching Elephant?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Elephant. A count of rooms they were both in, not a relationship either has claimed.

[**StepStone Group** Fund of funds **4** rounds together](https://millionrounds.com/fund/stepstone-group)[**Arthur Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/arthur-ventures)[**Airtree Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/airtree)[**Album VC** VC firm **2** rounds together](https://millionrounds.com/fund/album)[**Bossa Invest** VC firm **2** rounds together](https://millionrounds.com/fund/bossa-invest)[**Endeavor Catalyst** Corporate VC **2** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**General Atlantic** Private equity **2** rounds together](https://millionrounds.com/fund/general-atlantic)[**Insight Partners** VC firm **2** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**Summit Partners** Private equity **2** rounds together](https://millionrounds.com/fund/summit-partners)[**Ten Eleven Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/ten-eleven-ventures)[**Thibaud Elziere** VC firm **2** rounds together](https://millionrounds.com/fund/thibaud-elziere)

## Recently backed

The latest companies Elephant put money into.

[**ThreatLocker** $190M · Jul 2026](https://millionrounds.com/company/threatlocker)[**TJM Labs** $75M · Jul 2026](https://millionrounds.com/company/tjm-labs)[**DebtBook** $997K · Jul 2026](https://millionrounds.com/company/debtbook)[**Tekst** $14M · May 2026](https://millionrounds.com/company/tekst)[**Borro** $1.5M · May 2026](https://millionrounds.com/company/borro)[**Mosyle** $100M · Apr 2026](https://millionrounds.com/company/mosyle)

## Books by the people here

One book written by people at Elephant: [Andrew Hunt](https://millionrounds.com/person/andrew-hunt).

- Better Value Investing: Improve your results as a value investor [Andrew Hunt](https://millionrounds.com/person/andrew-hunt) · 2015 4.15 from 20 ratings on Goodreads About the book Practical and powerful improvements for value investorsBuying undervalued shares and selling when the price is many times greater has a natural appeal - and research shows it works. But not all value investors are successful. As Andrew Hunt shows in this must-read new book, many… On AmazonListen on Audible
- Find the books for what you are building, or how you invest. [Open the Reading List](https://millionrounds.com/reading-list)

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about Elephant

### What does Elephant invest in?

Elephant invests most often at Series A and Series B (66% of the rounds on record), in sectors such as B2b2c, Enterprise and Software.

### How active is Elephant?

54 investments on record, 11 of them in the last 12 months, and it led 3. The most recent was in Jul 2026.

### What has Elephant invested in recently?

Its most recent investments on record: ThreatLocker (Growth, Jul 2026), TJM Labs (Series B, Jul 2026) and DebtBook (Venture, Jul 2026).

### How big are Elephant's cheques?

The median round it joins is $16M. It says it writes cheques of $100K to $60M.

### Does Elephant lead rounds?

Sometimes: it led 3 of its 54 investments on record (6%).

### Where does Elephant invest?

Most of the companies it backs are in the United States (65%), Belgium (5%) and Germany (5%).

### Is Elephant investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Elephant invest alongside?

Most often StepStone Group (4 rounds together), Arthur Ventures (3 rounds together) and Airtree Ventures (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=elephant) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=elephant)