United States · Investor

Morgenthaler Ventures

Last cheque observed Aug 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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QuietVC firm

SeedSeries ASeries BInformation TechnologyLife Sciences

Cheques on record
0%of best year0cheques in 12 months, 211 on record
Since the last cheque442days00hrs00min00sec
Median round$40MCheque size, as they say$100K – $5.0MRounds led0 of 211Sole investor8 roundsExits33 from the portfolioMostly inUnited States, 100%
Pitch Morgenthaler Ventures

Morgenthaler Ventures highlights

  1. 01

    211 rounds on record

  2. 02

    Mostly Series B and Series C: 48% of its rounds

  3. 03

    Sole investor in 8 rounds, median $6.0M

  4. 04

    33 exits from the portfolio

What they do

Morgenthaler is a premier venture capital and private equity firm, dedicated to helping create companies of value for more than 40 years.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$100K – $5.0M as they say
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
Information TechnologyLife Sciences
Based in
Portola Valley, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first211 appearances

  1. 2025

    1 round

  2. Aug
    SetPoint MedicalSeries D · US · Elevage Medical Technologies$140MWith 17 others
  3. 2019

    1 round

  4. Feb
    NuvairaUS · FinSMEs$79MWith 9 others
  5. 2017

    3 rounds

  6. Aug
    SetPoint MedicalSeries D · US · FinSMEs$30MWith 5 others
  7. Jul
    Big Switch NetworksUS · FinSMEs$31MWith 8 others
  8. Mar
    MoximedSeries C · US · FinSMEs$50MWith 6 others
  9. 2016

    1 round

  10. Apr
    Sonatype$30MWith 7 others
  11. 2015

    6 rounds

  12. Oct
    Elcelyx TherapeuticsSeries E · US$40MWith 5 others
  13. Sept
    ADARASeries C · US$23MWith 4 others
  14. Jul
    Ra PharmaceuticalsSeries B · US$59MWith 8 others
  15. May
    MuleSoftSeries G · US$128MWith 13 others
  16. May
    MoximedSeries B · US$33MWith 4 others
  17. Mar
    NuoDBSeries B · US$9.5MWith 3 others
  18. 2014

    10 rounds

  19. Nov
    SocrataSeries C · US$30MWith 3 others
  20. Oct
    Miramar LabsSeries D · US$26MWith 4 others
  21. Apr
    Principia BioPharmaSeries B · US$50MWith 5 others
  22. Apr
    ForSight LabsSeries C · US$15MWith 3 others
  23. Apr
    VapothermSeries B · US$24MWith 7 others
  24. Apr
    HolairaSeries D · US$42MWith 5 others
  25. Mar
    MuleSoftGrowth · US$50MWith 8 others
  26. Mar
    MuleSoftSeries F · US$51MWith 8 others
  27. Feb
    NuoDBSeries B · US$14MWith 3 others
  28. Feb
    Elcelyx TherapeuticsSeries C · US$25MWith 3 others
  29. 2013

    21 rounds

  30. Dec
    HealthLoopSeries A · US · finsmes.com$10MWith 2 others
  31. Oct
    Calithera BiosciencesSeries D · US · finsmes.com$35MWith 3 others
  32. Oct
    PeopleMatterSeries E · US · finsmes.com$16MWith 6 others
  33. Sept
    Practice FusionSeries D · US · finsmes.com$70MWith 9 others
  34. Sept
    ConvoSeries A · US · techcrunch.com$5.0MSole investor
  35. Sept
    Mint BillsSeries C · US · finsmes.com$24MWith 3 others
  36. Aug
    SetPoint MedicalSeries A · US · sec.gov$31MWith 6 others
  37. Jun
    SocrataSeries B · US · techcrunch.com$18MWith 3 others
  38. Jun
    Second GenomeSeries B · US · pevc.dowjones.com$12MWith 1 other
  39. Apr
    SciodermSeries A · US · pehub.com$16MWith 1 other
  40. Apr
    VapothermSeries A · US · pehub.com$29MWith 6 others
  41. Apr
    MuleSoftGrowth · US · mulesoft.com$37MWith 6 others
  42. Apr
    MuleSoftSeries E · US$37MWith 6 others
  43. Apr
    Catalyst BiosciencesVenture · US$5.1MWith 5 others
  44. Mar
    PeopleMatterSeries D · US · techcrunch.com$19MWith 5 others
  45. Feb
    ADARASeries B · US · marketwired.com$20MWith 4 others
  46. Feb
    Elcelyx TherapeuticsSeries C · US · finsmes.com$20MWith 3 others
  47. Feb
    Innovative Pulmonary SolutionsSeries C · US · finsmes.com$10MWith 3 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 registration10 named

GJGary Jordan MorgenthalerMorgenthaler Management Corporation Shareholder, PartneriForm ADV
GRGary Robert LittleMorgenthaler Management Corporation Shareholder, Partner, DirectoriForm ADV
HAHenry Albert PlainMorgenthaler Management Corporation Shareholder & Partner, DirectoriForm ADV
JDJohn Donald LutsiMorgenthaler Management Corporation Shareholder, Partner EmeritusiForm ADV
PGPeter Gress TaftMorgenthaler Management Corporation Shareholder, Partner, DirectoriForm ADV
RERalph Earl ChristoffersenMorgenthaler Management Corporation Shareholder, PartneriForm ADV
RARebecca Ann LynnMorgenthaler Management Corporation Shareholder, PartneriForm ADV
RCRobert Caldwell BellasMorgenthaler Management Corporation Shareholder, PartneriForm ADV
RDRobert Davidson PaveyMorgenthaler Management Corporation Shareholder, PartneriForm ADV
TJTravis John BoettnerChief Financial Officer & CCOiForm ADV

We also hold 20 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

$48Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Morgenthaler Management Corporation
SEC number
CRD 161509

Funds on its Form ADV

3 private funds, $107M in gross assets · filed May 2024

Private equity 2Venture 1

  1. Morgenthaler Partners VIII, L.P.Private equity52 investors$57M
  2. Morgenthaler Venture Partners IX, L.P.Venture54 investors$38M
  3. Morgenthaler Partners VII, L.P.Private equity88 investors$12M

Exits from the portfolio

Companies it backed that were later bought or listed33 in all

FundlyBought by NonProfitEasyUndisclosedSept 2015
SciodermBought by Amicus Therapeutics$847MAug 2015
TwelveBought by Medtronic$458MAug 2015
Voltage SecurityBought by HpUndisclosedMay 2015
Voltage SecurityBought by Hewlett-PackardUndisclosedFeb 2015
Cortina SystemsBought by INPHI$131MOct 2014
Peregrine SemiconductorBought by Murata Manufacturing$471MAug 2014
RelateIQBought by Salesforce$390MJul 2014
Mint BillsBought by Intuit$360MMay 2014
JaspersoftBought by TIBCO Software Inc.$185MApr 2014
NexTagBought by SeatGeekUndisclosedDec 2013
Rhythm NewMediaBought by blinkx$65MDec 2013
OncoMed PharmaceuticalsListed$82MJul 2013
ParatekBought by BlackBerryUndisclosedMar 2012
Unity SemiconductorBought by Rambus$35MFeb 2012
sezmiBought by TotalmovieUndisclosedJan 2012
Force10 NetworksBought by DellUndisclosedSept 2011
BlueArcBought by HitachiUndisclosedSept 2011
ArdianBought by Medtronic$800MNov 2010
Foldrx PharmaceuticalsBought by PfizerUndisclosedSept 2010

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Bowles FluidicsUndisclosedDec 2014
Formed Fiber TechnologiesUndisclosedAug 2003
Skill Tool & DieUndisclosedMay 2003
MPI InternationalUndisclosedMar 2003

Who they invest alongside

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

New Enterprise AssociatesVC firm22rounds togetherHummer Winblad Venture PartnersVC firm21rounds togetherAdvanced Technology VenturesVC firm18rounds togetherU.S. Venture PartnersVC firm13rounds togetherCanaanVC firm12rounds togetherHealthCare VenturesGrowth equity12rounds togetherLightspeed Venture PartnersVC firm12rounds togetherBay PartnersVC firm11rounds togetherSplit Rock PartnersVC firm11rounds togetherDCM VenturesPrivate equity9rounds togetherIntel CapitalCorporate VC9rounds togetherMeritech Capital PartnersVC firm8rounds together

Recently backed

The latest companies Morgenthaler Ventures put money into.

SetPoint Medical$140M · Aug 2025Moximed$50M · Mar 2017Sonatype$30M · Apr 2016

Quick answers about Morgenthaler Ventures

What does Morgenthaler Ventures invest in?

Morgenthaler Ventures invests most often at Series B and Series C (48% of the rounds on record), in sectors such as Information Technology and Life Sciences.

How active is Morgenthaler Ventures?

211 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2025.

What has Morgenthaler Ventures invested in recently?

Its most recent investments on record: SetPoint Medical (Series D, Aug 2025), Nuvaira (Undisclosed round, Feb 2019) and Big Switch Networks (Undisclosed round, Jul 2017).

How big are Morgenthaler Ventures's cheques?

The median round it joins is $40M. It says it writes cheques of $100K to $5.0M.

Does Morgenthaler Ventures lead rounds?

Rarely, if at all: none of its 211 investments on record names it as the lead.

Where does Morgenthaler Ventures invest?

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

Is Morgenthaler Ventures investing now?

No investments in the last 12 months; the latest was in Aug 2025.

Who does Morgenthaler Ventures invest alongside?

Most often New Enterprise Associates (22 rounds together), Hummer Winblad Venture Partners (21 rounds together) and Advanced Technology Ventures (18 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it