# Max Levchin: portfolio, investments and team

> Max Levchin is a vc firm based in United States. 65 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team.

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

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

# Max Levchin

Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Seed

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 65 on record

Since the last cheque **2588** days **00** hrs **00** min **00** sec

Median round **$43M** Rounds led **0 of 65** Sole investor **1 rounds** Exits **12 from the portfolio** Mostly in **United States, 100%**

Pitch Max Levchin

## Max Levchin highlights

- 01 65 rounds on record
- 02 Mostly Seed and Series A: 82% of its rounds
- 03 Sole investor in 1 rounds, median $1.0M
- 04 12 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **65 appearances**

- **2019** 3 rounds
- **Sept** **[Divvy](https://millionrounds.com/company/divvy)** Series B · US · FinSMEs **$43M** With 4 others
- **Mar** **[SentiLink](https://millionrounds.com/company/sentilink)** Series A · US · FinSMEs **$14M** With 6 others
- **Jan** **[Anchorage](https://millionrounds.com/company/anchorage)** Series A · US · FinSMEs **$17M** With 4 others
- **2018** 3 rounds
- **Dec** **[PlanetScale](https://millionrounds.com/company/planetscale)** Seed · US · FinSMEs **$3.0M** With 3 others
- **Aug** **[Very Good Security](https://millionrounds.com/company/very-good-security)** Series A · US · FinSMEs **$8.5M** With 3 others
- **Jun** **[Brex](https://millionrounds.com/company/brex)** Series B · US · FinSMEs **$57M** With 5 others
- **2016** 3 rounds
- **Nov** **[Gusto](https://millionrounds.com/company/gusto)** **$90M** With 103 others
- **Feb** **[Blockstream](https://millionrounds.com/company/blockstream)** **$55M** With 24 others
- **Jan** **[OfferUp](https://millionrounds.com/company/offerup)** **$119M** With 25 others
- **2015** 6 rounds
- **Oct** **[Marqeta](https://millionrounds.com/company/marqeta)** Series C · US **$25M** With 5 others
- **Oct** **[Scalus](https://millionrounds.com/company/scalus)** Seed · US **$10M** With 4 others
- **Aug** **[BRIGHT](https://millionrounds.com/company/bright)** Seed · US **$4.0M** With 4 others
- **Jun** **[PayRange](https://millionrounds.com/company/payrange)** Series A · US **$12M** With 4 others
- **Apr** **[Color Genomics](https://millionrounds.com/company/color-genomics)** Series A · US **$15M** With 13 others
- **Apr** **[Honor](https://millionrounds.com/company/honor)** Series A · US **$20M** With 8 others
- **2014** 14 rounds
- **Oct** **[Orchard Platform](https://millionrounds.com/company/orchard-platform)** Series A · US **$12M** With 7 others
- **Sept** **[Leeo](https://millionrounds.com/company/leeo)** Series A · US **$37M** With 6 others
- **Sept** **[TrueAccord](https://millionrounds.com/company/trueaccord)** Series A · US **$5.0M** With 7 others
- **Aug** **[PayRange](https://millionrounds.com/company/payrange)** Venture · US **$2.8M** With 2 others
- **Aug** **[Vurb](https://millionrounds.com/company/vurb)** Series A · US **$8.0M** With 21 others
- **Jul** **[Xapo](https://millionrounds.com/company/xapo)** Series A · US **$40M** With 9 others
- **Jul** **[Opendoor](https://millionrounds.com/company/opendoor)** Series A · US **$9.9M** With 36 others
- **May** **[Indiegogo](https://millionrounds.com/company/indiegogo)** US **Undisclosed** With 4 others
- **May** **[Sift Science](https://millionrounds.com/company/sift-science)** Series B · US **$18M** With 3 others
- **May** **[SolveBio](https://millionrounds.com/company/solvebio)** Seed · US **$2.0M** With 2 others
- **May** **[Delectable](https://millionrounds.com/company/delectable)** Series A · US **$3.0M** With 11 others
- **Feb** **[Celery](https://millionrounds.com/company/celery)** Seed · US **$2.0M** With 2 others
- **Jan** **[WePay](https://millionrounds.com/company/wepay)** Series C · US **$15M** With 5 others
- **Jan** **[Emerald Therapeutics](https://millionrounds.com/company/emerald-therapeutics)** Series B · US **$6.0M** With 2 others
- **2013** 13 rounds
- **Dec** **[Pact Fitness](https://millionrounds.com/company/pact-fitness)** Seed · US **$1.6M** With 1 other
- **Dec** **[Misfit Wearables](https://millionrounds.com/company/misfit-wearables)** Series B · US · techcrunch.com **$15M** With 9 others
- **Oct** **[Homejoy](https://millionrounds.com/company/homejoy)** Series A · US · techcrunch.com **$38M** With 8 others
- **Sept** **[AngelList](https://millionrounds.com/company/angellist)** Series B · US · techcrunch.com **$24M** With 31 others
- **Sept** **[Syntertainment](https://millionrounds.com/company/syntertainment)** Series A · US · venturebeat.com **$5.0M** With 6 others
- **Sept** **[Breezeworks](https://millionrounds.com/company/breezeworks)** Seed · US **$2.0M** With 11 others
- **Aug** **[Zendrive](https://millionrounds.com/company/zendrive)** Seed · US · techcrunch.com **$1.5M** With 4 others
- **Jul** **[Vamo](https://millionrounds.com/company/vamo)** Seed · US · techcrunch.com **$1.6M** With 24 others
- **Jun** **[Propeller](https://millionrounds.com/company/propeller)** Seed · US · techcrunch.com **$1.3M** With 13 others
- **Apr** **[Pickwick & Weller](https://millionrounds.com/company/pickwick-and-weller)** Venture · US **$2.0M** With 8 others
- **Mar** **[Homejoy](https://millionrounds.com/company/homejoy)** Seed · US · techcrunch.com **$1.7M** With 7 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

We hold **1** person 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **12 in all**

**[Kaggle](https://millionrounds.com/company/kaggle)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Mar 2017

**[Misfit Wearables](https://millionrounds.com/company/misfit-wearables)** Bought by Fossil **$260M** Nov 2015

**[Vamo](https://millionrounds.com/company/vamo)** Bought by [Airbnb](https://millionrounds.com/fund/airbnb) **Undisclosed** Sept 2015

**[Propeller](https://millionrounds.com/company/propeller)** Bought by [Palantir Technologies](https://millionrounds.com/fund/palantir-technologies) **Undisclosed** Jul 2014

**[SmartThings](https://millionrounds.com/company/smartthings)** Bought by [Samsung Electronics](https://millionrounds.com/fund/samsung-electronics) **$200M** Jul 2014

**[Cover Lockscreen](https://millionrounds.com/company/cover-lockscreen)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **Undisclosed** Apr 2014

**[Wavii](https://millionrounds.com/company/wavii)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$30M** Apr 2013

**[Cherry](https://millionrounds.com/company/cherry)** Bought by [Lyft](https://millionrounds.com/fund/lyft) **Undisclosed** Mar 2013

**[Yammer](https://millionrounds.com/company/yammer)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$1.2B** Jun 2012

**[Yelp](https://millionrounds.com/company/yelp)** Listed **$107M** Mar 2012

**[Cardpool](https://millionrounds.com/company/cardpool)** Bought by [BlackHawk Network](https://millionrounds.com/fund/blackhawk-network) **Undisclosed** Oct 2011

**[IronPort Systems](https://millionrounds.com/company/ironport-systems)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$830M** Jan 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed

Median round joined **$43M** the round, not its cheque Alone, median **$1.0M**

Led 0 of 65 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2019
- **Exits:** 12 from the portfolio

Rounds by stage said on their site

- Seed said *25*
- Series A *24*
- Series B *7*
- Series C *2*
- Venture *2*

Cheques by year Led Joined

2002 2019

Often in the room with

- [SV Angel](https://millionrounds.com/fund/sv-angel) 14
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 11
- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 11
- [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) 9
- [CrunchFund](https://millionrounds.com/fund/crunchfund-3) 8
- [Raymond Tonsing](https://millionrounds.com/fund/raymond-tonsing) 7

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## Who they invest alongside

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

[**SV Angel** VC firm **14** rounds together](https://millionrounds.com/fund/sv-angel)[**Andreessen Horowitz** VC firm **11** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**First Round Capital** VC firm **11** rounds together](https://millionrounds.com/fund/first-round-capital)[**Khosla Ventures** VC firm **9** rounds together](https://millionrounds.com/fund/khosla-ventures)[**CrunchFund** VC firm **8** rounds together](https://millionrounds.com/fund/crunchfund-3)[**Raymond Tonsing** VC firm **7** rounds together](https://millionrounds.com/fund/raymond-tonsing)[**DCVC** VC firm **6** rounds together](https://millionrounds.com/fund/data-collective)[**David Sacks** VC firm **6** rounds together](https://millionrounds.com/fund/david-sacks)[**Naval Ravikant** VC firm **6** rounds together](https://millionrounds.com/fund/naval-ravikant)[**Scott Banister** Angel **6** rounds together](https://millionrounds.com/fund/scott-banister)[**Felicis** VC firm **5** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Founders Fund** VC firm **5** rounds together](https://millionrounds.com/fund/founders-fund)

## Recently backed

The latest companies Max Levchin put money into.

[**Divvy** $43M · Sept 2019](https://millionrounds.com/company/divvy)[**SentiLink** $14M · Mar 2019](https://millionrounds.com/company/sentilink)[**PlanetScale** $3.0M · Dec 2018](https://millionrounds.com/company/planetscale)[**Brex** $57M · Jun 2018](https://millionrounds.com/company/brex)[**Gusto** $90M · Nov 2016](https://millionrounds.com/company/gusto)[**Blockstream** $55M · Feb 2016](https://millionrounds.com/company/blockstream)

## On podcasts

6 episodes naming Max Levchin in the title, and 4 more that mention it.

- [TBPN](https://millionrounds.com/podcasts/tbpn) 23 Sept 2026 · 1h 50m Jensen vs NYT, New Model Reactions, "You Can See Everything" Trailer, Saudi EVs | Cristiano Amon, Talia Goldberg, John & Louis Antonelli, Max Levchin, Sam Ross With [Talia Goldberg](https://millionrounds.com/person/talia-goldberg) Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin)[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) Apple PodcastsShow page
- [TBPN](https://millionrounds.com/podcasts/tbpn) 13 May 2026 · 3h 6m Trump-Xi Summit, Inflation Fears, Space Data Centers | Max Levchin, Delian Asparouhov, Richard Socher, Brandon Hill, Nate Tepper, Joubin Mirzadegan, Roman Chernin With [Brandon Hill](https://millionrounds.com/person/brandon-hill)[Delian Asparouhov](https://millionrounds.com/person/delian-asparouhov) Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin)[Richard Socher](https://millionrounds.com/fund/richard-socher) Apple PodcastsShow page
- [Sourcery](https://millionrounds.com/podcasts/sourcery) 14 Apr 2026 · 50 min Max Levchin: The Interview Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin) Apple PodcastsShow page
- [Sourcery](https://millionrounds.com/podcasts/sourcery) 13 Apr 2026 · 1h 21m Max Levchin: “The Net IQ of the World Is About to Go Up 50 Points” Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin) Apple PodcastsShow page
- [TBPN](https://millionrounds.com/podcasts/tbpn) 6 Feb 2026 · 3h 5m Chip Bottleneck vs. Energy Bottleneck, Amazon’s $200B Capex, Big Tech Earnings | Doug O'Laughlin, Max Levchin, TJ Parker, Arsalan Tavakoli With [TJ Parker](https://millionrounds.com/person/tj-parker) Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin) Apple PodcastsShow page
- [TBPN](https://millionrounds.com/podcasts/tbpn) 29 Aug 2025 · 2h 57m Pop Mart: The History & Economics | Max Levchin, Jim Belosic Mentions [Max Levchin](https://millionrounds.com/fund/max-levchin)[Tim Cook](https://millionrounds.com/person/tim-cook) Apple PodcastsShow page

### Mentioned in

- [Business Breakdowns](https://millionrounds.com/podcasts/business-breakdowns) 22 Oct 2026 · 1h 12m Affirm: The Internet’s American Express - [Business Breakdowns, EP.249] Apple PodcastsShow page
- [The a16z Show](https://millionrounds.com/podcasts/a16z) 3 Sept 2026 · 1h 1m The $100B Niches Hiding Inside Payments Apple PodcastsShow page
- [Sourcery](https://millionrounds.com/podcasts/sourcery) 11 Jun 2026 · 51 min Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist" Apple PodcastsShow page
- [In Depth](https://millionrounds.com/podcasts/in-depth) 19 Jun 2025 · 1h 41m How rejecting conventional wisdom grew Sentry to a $3 billion company | David Cramer (Co-founder and CPO) Apple Podcasts

## Quick answers about Max Levchin

### What does Max Levchin invest in?

Max Levchin invests most often at Seed and Series A (82% of the rounds on record).

### How active is Max Levchin?

65 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2019.

### What has Max Levchin invested in recently?

Its most recent investments on record: Divvy (Series B, Sept 2019), SentiLink (Series A, Mar 2019) and Anchorage (Series A, Jan 2019).

### How big are Max Levchin's cheques?

The median round it joins is $43M.

### Does Max Levchin lead rounds?

Rarely, if at all: none of its 65 investments on record names it as the lead.

### Where does Max Levchin invest?

Most of the companies it backs are in the United States (100%).

### Is Max Levchin investing now?

No investments in the last 12 months; the latest was in Sept 2019.

### Who does Max Levchin invest alongside?

Most often SV Angel (14 rounds together), Andreessen Horowitz (11 rounds together) and First Round Capital (11 rounds together).

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