# Northgate Capital: portfolio, investments and team

> Northgate Capital is a family office based in United States. 87 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team.

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

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

# Northgate Capital

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

Quiet Family office Website unconfirmed

Growth Financial Services Healthcare Medical

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 87 on record

Since the last cheque **2545** days **00** hrs **00** min **00** sec

Median round **$31M** Rounds led **1 of 87** Sole investor **1 rounds** Exits **18 from the portfolio** Mostly in **United States, 94%**

Pitch Northgate Capital

## Northgate Capital highlights

- 01 87 rounds on record
- 02 Mostly Series C and Series B: 46% of its rounds
- 03 Sole investor in 1 rounds, median $25M
- 04 18 exits from the portfolio

## What they do

- **Type:** Family office (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth
- **Sectors:** Financial Services Healthcare Medical
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=northgate-capital).

## The record

Every round we can evidence, newest first **87 appearances**

- **2019** 1 round
- **Nov** **[Diamanti](https://millionrounds.com/company/diamanti)** Series C · US · Finance **$35M** With 5 others
- **2016** 3 rounds
- **Sept** **[Tradesy](https://millionrounds.com/company/tradesy)** **$30M** With 22 others
- **May** **[Drawbridge](https://millionrounds.com/company/drawbridge)** **$25M** With 2 others
- **Mar** **[Moogsoft](https://millionrounds.com/company/moogsoft)** **$32M** *Led*
- **2015** 14 rounds
- **Nov** **[PlanGrid](https://millionrounds.com/company/plangrid)** Series B · US **$40M** With 4 others
- **Sept** **[TeamSnap](https://millionrounds.com/company/teamsnap)** Series B · US **$10M** With 3 others
- **Aug** **[Carbon3D](https://millionrounds.com/company/carbon3d)** Series C · US **$100M** With 6 others
- **Aug** **[Agrivida](https://millionrounds.com/company/agrivida)** Series D · US **$11M** With 9 others
- **Aug** **[Solexel](https://millionrounds.com/company/solexel)** Series D · US **$70M** With 9 others
- **Jul** **[Ticketfly](https://millionrounds.com/company/ticketfly)** Series D · US · Riverwood Capital **$50M** With 6 others
- **May** **[Munchery](https://millionrounds.com/company/munchery)** Series C **$85M** With 6 others
- **May** **[Blue Danube Systems](https://millionrounds.com/company/blue-danube-systems)** Series B · US **$16M** With 2 others
- **May** **[MarkLogic](https://millionrounds.com/company/marklogic)** Series F · US **$102M** With 5 others
- **Mar** **[Birst](https://millionrounds.com/company/birst)** Series F · US **$65M** With 4 others
- **Mar** **[Zuora](https://millionrounds.com/company/zuora)** Series F · US **$115M** With 10 others
- **Feb** **[MiTu Network](https://millionrounds.com/company/mitu-network)** Series B · US **$5.0M** With 4 others
- **Feb** **[Revinate](https://millionrounds.com/company/revinate)** Series B · US **$15M** With 5 others
- **Jan** **[Agrivida](https://millionrounds.com/company/agrivida)** Series D · US **$12M** With 8 others
- **2014** 17 rounds
- **Nov** **[Altiscale](https://millionrounds.com/company/altiscale)** Series B · US **$30M** With 4 others
- **Oct** **[Visible Measures](https://millionrounds.com/company/visible-measures)** Series F · US **$7.0M** With 5 others
- **Sept** **[Centage Corporation](https://millionrounds.com/company/centage-corporation)** Series A · US **$9.5M** With 1 other
- **Aug** **[Kiwi, Inc.](https://millionrounds.com/company/kiwi-inc)** Series B · US **$15M** With 2 others
- **Jul** **[Solexel](https://millionrounds.com/company/solexel)** Series D · US **$31M** With 9 others
- **Jul** **[Linio](https://millionrounds.com/company/linio)** Growth · MX **$79M** With 1 other
- **Jul** **[Comfy](https://millionrounds.com/company/comfy)** Seed · US **$600K** With 2 others
- **Jun** **[Clari](https://millionrounds.com/company/clari)** Series B · US **$20M** With 2 others
- **May** **[Mustbin](https://millionrounds.com/company/mustbin)** Series A · US **$1.5M** With 6 others
- **May** **[Centrify](https://millionrounds.com/company/centrify)** Series E · US **$42M** With 7 others
- **May** **[Tradesy](https://millionrounds.com/company/tradesy)** Series B · US **$13M** With 7 others
- **May** **[OpenDNS](https://millionrounds.com/company/opendns)** Series C · US **$35M** With 10 others
- **Apr** **[AdRoll](https://millionrounds.com/company/adroll)** Series C · US **$70M** With 6 others
- **Apr** **[Match Point Partners](https://millionrounds.com/company/match-point-partners)** Growth · US **$25M** Sole investor
- **Mar** **[Coupa Software](https://millionrounds.com/company/coupa-software)** Series F · US **$40M** With 7 others
- **Mar** **[RainDance Technologies](https://millionrounds.com/company/raindance-technologies)** Series E · US **$17M** With 1 other
- **Jan** **[SuVolta](https://millionrounds.com/company/suvolta)** Series F · US **$11M** With 4 others
- **2013** 16 rounds
- **Dec** **[Carbon3D](https://millionrounds.com/company/carbon3d)** Series A · US **$11M** With 3 others
- **Dec** **[Egnyte](https://millionrounds.com/company/egnyte)** Series D · US · techcrunch.com **$30M** With 6 others
- **Dec** **[DataSift](https://millionrounds.com/company/datasift)** Series C · GB · techcrunch.com **$42M** With 5 others
- **Nov** **[Mustbin](https://millionrounds.com/company/mustbin)** Series A · US · techcrunch.com **$4.5M** With 4 others
- **Nov** **[SiTime](https://millionrounds.com/company/sitime)** Series F · US · finance.yahoo.com **Undisclosed** With 11 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 **6 named**

AO **Ali Ojjeh** Chairman i Form ADV

BM **Brent Michael Jones** Co-Founder and Partner i Form ADV

CH **Casey Heiss Gordon** Managing Partner i Form ADV

JS **Janhavi Sunil Vaze** Chief Financial Officer i Form ADV

L(**Lawrence (nmn) Cowen** Chief Compliance Officer & General Counsel i Form ADV

TA **Thomas Arthur Vardell** Co-Founder and Partner i Form ADV

We also hold **16** 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

**$2.9B** assets it manages Oct 2026

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

- **Legal name:** Northgate Capital, L.P.
- **SEC number:** CRD 140214

Funds on its Form ADV

**65** private funds, **$2.5B** in gross assets · filed Mar 2024

Venture **36** Private equity **29**

- Northgate Venture Partners VI, L.P. *Venture* 29 investors $295M
- Northgate V, L.P. *Private equity* 51 investors $275M
- Northgate Venture Partners VII, L.P. *Venture* 87 investors $215M
- Northgate IV, L.P. *Private equity* 96 investors $134M
- NVP VIII PG, L.P. *Venture* 3 investors $131M
- NCD SWIB, L.P. *Venture* 2 investors $114M
- Northgate Venture Partners VIII, L.P. *Venture* 25 investors $111M
- Northgate Venture Growth III, L.P. *Venture* 62 investors $105M
- NC SWIB, L.P. *Private equity* 2 investors $102M
- NVP VI SA, L.P. *Venture* 3 investors $78M

And 55 more on the filing.

## Exits from the portfolio

Companies it backed that were later bought or listed **18 in all**

**[TubeMogul](https://millionrounds.com/company/tubemogul)** Bought by [Adobe](https://millionrounds.com/fund/adobe) **$540M** Nov 2016

**[BandPage](https://millionrounds.com/company/bandpage)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Feb 2016

**[MarketLive](https://millionrounds.com/company/marketlive)** Bought by [Vista Equity Partners](https://millionrounds.com/fund/vista-equity-partners) **Undisclosed** Nov 2015

**[Connected Data](https://millionrounds.com/company/connected-data)** Bought by [Imation](https://millionrounds.com/fund/imation) **$7.5M** Oct 2015

**[Ticketfly](https://millionrounds.com/company/ticketfly)** Bought by Pandora Media **$450M** Oct 2015

**[Xoom Corporation](https://millionrounds.com/company/xoom-corporation)** Bought by PayPal **$890M** Jul 2015

**[OpenDNS](https://millionrounds.com/company/opendns)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$635M** Jun 2015

**[SiTime](https://millionrounds.com/company/sitime)** Bought by MegaChips Corporation **$200M** Oct 2014

**[Maker Studios](https://millionrounds.com/company/maker-studios)** Bought by [The Walt Disney Company](https://millionrounds.com/fund/the-walt-disney-company) **$500M** Mar 2014

**[Kovio](https://millionrounds.com/company/kovio)** Bought by Thin Film Electronics ASA **$3.7M** Jan 2014

**[Maker Studios](https://millionrounds.com/company/maker-studios)** Bought by Disney **$450M** 2014

**[Rocket Fuel](https://millionrounds.com/company/rocket-fuel)** Listed **$116M** Aug 2013

**[Silver Spring Networks](https://millionrounds.com/company/silver-spring-networks)** Listed **$81M** Mar 2013

**[Meraki](https://millionrounds.com/company/meraki)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$1.2B** Nov 2012

**[Palo Alto Networks](https://millionrounds.com/company/palo-alto-networks)** Listed **Undisclosed** Jul 2012

**[eMeter](https://millionrounds.com/company/emeter)** Bought by [Siemens](https://millionrounds.com/fund/siemens) **Undisclosed** Dec 2011

**[AdMob](https://millionrounds.com/company/admob)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$750M** Nov 2009

**[CellPoint Diagnostics](https://millionrounds.com/company/cellpoint-diagnostics)** Bought by ACTIS BIOLOGICS **Undisclosed** Aug 2008

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

**Elara Comunicaciones** **Undisclosed** Aug 2015

## The cheque

Growth

Median round joined **$31M** the round, not its cheque Alone, median **$25M**

Led 1 of 87 rounds **1%**

- **Sole investor:** 1 rounds
- **Last cheque:** Nov 2019
- **Exits:** 18 from the portfolio

Rounds by stage said on their site

- Series C *19*
- Series B *15*
- Series E *11*
- Series F *10*
- Series D *10*
- Series A *9*
- Growth said *-*

Cheques by year Led Joined

2007 2019

Often in the room with

- [DAG Ventures](https://millionrounds.com/fund/dag-ventures) 23
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 22
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 20
- [Mohr Davidow Ventures](https://millionrounds.com/fund/mohr-davidow-ventures) 19
- [Foundation Capital](https://millionrounds.com/fund/foundation-capital) 7
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 7

**Pitching Northgate Capital?** 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 Northgate Capital. A count of rooms they were both in, not a relationship either has claimed.

[**DAG Ventures** VC firm **23** rounds together](https://millionrounds.com/fund/dag-ventures)[**Sequoia Capital** VC firm **22** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Kleiner Perkins Caufield & Byers** VC firm **20** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Mohr Davidow Ventures** VC firm **19** rounds together](https://millionrounds.com/fund/mohr-davidow-ventures)[**Foundation Capital** VC firm **7** rounds together](https://millionrounds.com/fund/foundation-capital)[**General Catalyst** VC firm **7** rounds together](https://millionrounds.com/fund/general-catalyst)[**Gentry Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/gentry-venture-partners)[**Tenaya Capital** VC firm **5** rounds together](https://millionrounds.com/fund/tenaya-capital)[**Benchmark** VC firm **4** rounds together](https://millionrounds.com/fund/benchmark)[**Bright Capital** Investment firm **4** rounds together](https://millionrounds.com/fund/bright-capital)[**Cross Creek Capital** VC firm **4** rounds together](https://millionrounds.com/fund/cross-creek-capital)[**Daher Capital** Family office **4** rounds together](https://millionrounds.com/fund/daher-capital)

## Recently backed

The latest companies Northgate Capital put money into.

[**Diamanti** $35M · Nov 2019](https://millionrounds.com/company/diamanti)[**Tradesy** $30M · Sept 2016](https://millionrounds.com/company/tradesy)[**Drawbridge** $25M · May 2016](https://millionrounds.com/company/drawbridge)[**Moogsoft** $32M · Mar 2016](https://millionrounds.com/company/moogsoft)

## Mentioned on podcasts

Episodes that name Northgate Capital in their description, not their title.

- [Superclusters](https://millionrounds.com/podcasts/superclusters) 20 Nov 2023 · 1h 20m The Adventures of an LP Whisperer | Eric Woo | Superclusters | S1E3 With [Eric Woo](https://millionrounds.com/person/eric-woo) Mentions [AngelList](https://millionrounds.com/fund/angellist)[Northgate Capital](https://millionrounds.com/fund/northgate-capital)[Top Tier](https://millionrounds.com/fund/top-tier) Apple PodcastsShow page

## Quick answers about Northgate Capital

### What does Northgate Capital invest in?

Northgate Capital invests most often at Series C and Series B (46% of the rounds on record), in sectors such as Financial Services, Healthcare and Medical.

### How active is Northgate Capital?

87 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Nov 2019.

### What has Northgate Capital invested in recently?

Its most recent investments on record: Diamanti (Series C, Nov 2019), Tradesy (Sept 2016) and Drawbridge (May 2016).

### How big are Northgate Capital's cheques?

The median round it joins is $31M.

### Does Northgate Capital lead rounds?

Sometimes: it led 1 of its 87 investments on record (1%).

### Where does Northgate Capital invest?

Most of the companies it backs are in the United States (94%).

### Is Northgate Capital investing now?

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

### Who does Northgate Capital invest alongside?

Most often DAG Ventures (23 rounds together), Sequoia Capital (22 rounds together) and Kleiner Perkins Caufield & Byers (20 rounds together).

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