# Passport Capital: portfolio, investments and team

> Passport Capital is a vc firm based in United States. 29 investments on record, latest Jul 2019. Portfolio, stages, co-investors and team.

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

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

# Passport Capital

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

Quiet VC firm

Seed Series A Series B Big Data CRM Investment Management

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 29 on record

Since the last cheque **2645** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 29** Sole investor **3 rounds** Exits **5 from the portfolio** Mostly in **United States, 100%**

Pitch Passport Capital

## Passport Capital highlights

- 01 29 rounds on record
- 02 Mostly Series D and Series A: 41% of its rounds
- 03 Sole investor in 3 rounds, median $15M
- 04 5 exits from the portfolio

## What they do

> Passport Capital, LLC is a San Francisco-based, global thematic investment firm founded by John H. Burbank III in 2000. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Big Data CRM Investment Management
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **29 appearances**

- **2019** 1 round
- **Jul** **[Solana](https://millionrounds.com/company/solana)** Series A · US · Blocktribune **$20M** With 11 others
- **2016** 1 round
- **Mar** **[Apartment List](https://millionrounds.com/company/apartment-list)** **$30M** With 19 others
- **2015** 4 rounds
- **Sept** **[Clear Labs](https://millionrounds.com/company/clear-labs)** Series A · US **$6.5M** With 3 others
- **Aug** **[CashStar](https://millionrounds.com/company/cashstar)** Series D · US **$15M** With 4 others
- **Apr** **[Prosper](https://millionrounds.com/company/prosper)** Venture · US **$165M** With 6 others
- **Mar** **[Zuora](https://millionrounds.com/company/zuora)** Series F · US **$115M** With 10 others
- **2014** 4 rounds
- **Aug** **[JustFab](https://millionrounds.com/company/justfab)** Series D · US **$85M** With 4 others
- **Apr** **[New Relic](https://millionrounds.com/company/new-relic)** Growth · US **$100M** With 4 others
- **Mar** **[Hortonworks](https://millionrounds.com/company/hortonworks)** Series D · US **$100M** With 6 others
- **Feb** **[Apartment List](https://millionrounds.com/company/apartment-list)** Secondary · US **$6.0M** With 12 others
- **2013** 4 rounds
- **Dec** **[Pixalate](https://millionrounds.com/company/pixalate)** Series A · US · mediapost.com **$4.6M** With 10 others
- **Sept** **[Bright.com](https://millionrounds.com/company/bright-com)** Series B · US · techcrunch.com **$14M** With 1 other
- **Mar** **[QD Vision](https://millionrounds.com/company/qd-vision)** Series E · US · freshnews.com **$20M** With 6 others
- **Feb** **[New Relic](https://millionrounds.com/company/new-relic)** Growth · US · techcrunch.com **$80M** With 8 others
- **2012** 2 rounds
- **Jul** **[CashStar](https://millionrounds.com/company/cashstar)** Venture · US · techcrunch.com **$5.0M** With 3 others
- **Mar** **[MiaSolé](https://millionrounds.com/company/miasole)** Debt · US · marketwatch.com **$55M** With 4 others
- **2011** 6 rounds
- **Oct** **[CashStar](https://millionrounds.com/company/cashstar)** Series C · US · techcrunch.com **$12M** With 2 others
- **Oct** **[BridgeLux](https://millionrounds.com/company/bridgelux)** Venture · US · finsmes.com **$15M** With 5 others
- **Sept** **[TRUECar](https://millionrounds.com/company/truecar)** Growth · US · techcrunch.com **$100M** With 11 others
- **May** **[QD Vision](https://millionrounds.com/company/qd-vision)** Series D · US · masshightech.com **$22M** With 6 others
- **Feb** **[CashStar](https://millionrounds.com/company/cashstar)** Series B · US · cashstar.com **$5.0M** With 4 others
- **Jan** **[NEOS GeoSolutions](https://millionrounds.com/company/neos-geosolutions)** Growth · US · finsmes.com **$60M** With 3 others
- **2008** 2 rounds
- **Apr** **[Sense Networks](https://millionrounds.com/company/sense-networks)** Series A · US · venturebeat.com **$3.0M** With 2 others
- **Mar** **[Range Fuels](https://millionrounds.com/company/range-fuels)** Venture · US · cleanedge.com **$158M** With 5 others
- **2007** 2 rounds
- **Aug** **[HelioVolt](https://millionrounds.com/company/heliovolt)** Series B · US · renewableenergyworld.com **$101M** With 7 others
- **Jun** **[Summize](https://millionrounds.com/company/summize)** Seed · US **$750K** With 1 other
- **2006** 2 rounds
- **Dec** **[Quotient Technology](https://millionrounds.com/company/quotient-technology)** Series E · US · sec.gov **$20M** Sole investor
- **May** **[Quotient Technology](https://millionrounds.com/company/quotient-technology)** Series D · US · sec.gov **$15M** Sole investor
- **2005** 1 round
- **Sept** **[Quotient Technology](https://millionrounds.com/company/quotient-technology)** Series C · US · sec.gov **$12M** Sole investor

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 **4 named**

EA **Elizabeth Ann Mahon** Chief Financial Officer i Form ADV

JL **Joanne Louise Poile** Chief Operating Officer i Form ADV

JH **John Howard Burbank** Managing Member and Chief Investment Officer i Form ADV

JS **Julie So Won Kim** General Counsel 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

**$532M** assets it manages Oct 2026

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

- **Legal name:** Passport Capital, LLC
- **SEC number:** CRD 134484

Funds on its Form ADV

**7** private funds, **$277M** in gross assets · filed Jun 2024

- Nimble Partners Fund I, L.P. *Private equity* 90 investors $162M
- Nimble Partners Fund II, L.P. *Private equity* 73 investors $68M
- Nimble Partners Opportunities, L.P. - Series 5 *Private equity* 23 investors $12M
- Nimble Partners Opportunities, L.P. - Series 4 *Private equity* 36 investors $12M
- Suite ROLL Access Fund L.P. *Private equity* 3 investors $10M
- Passport Digital Network, L.P. *Private equity* 36 investors $7.3M
- Nimble Partners Opportunities, L.P. - Series 6 *Private equity* 13 investors $5.7M

## Exits from the portfolio

Companies it backed that were later bought or listed **5 in all**

**[BridgeLux](https://millionrounds.com/company/bridgelux)** Bought by China Electronics Corporation (CEC) **Undisclosed** Jul 2015

**[Bright.com](https://millionrounds.com/company/bright-com)** Bought by [LinkedIn](https://millionrounds.com/fund/linkedin) **$120M** Feb 2014

**[Sense Networks](https://millionrounds.com/company/sense-networks)** Bought by YP **Undisclosed** Jan 2014

**[MiaSolé](https://millionrounds.com/company/miasole)** Bought by [Hanergy Holding Group](https://millionrounds.com/fund/hanergy-holding-group) **$30M** Sept 2012

**[Summize](https://millionrounds.com/company/summize)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **$15M** Jul 2008

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

## The cheque

Seed Series A Series B

Median round joined **$25M** the round, not its cheque Alone, median **$15M**

Led 0 of 29 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Jul 2019
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series D *5*
- Series A said *4*
- Growth said *4*
- Venture *4*
- Series B said *3*
- Series C *2*
- Seed said *-*

Cheques by year Led Joined

2005 2019

Often in the room with

- [Allen & Company](https://millionrounds.com/fund/allen-and-company) 3
- [Benchmark](https://millionrounds.com/fund/benchmark) 3
- [BlackRock](https://millionrounds.com/fund/blackrock) 3
- [Capricorn Investment](https://millionrounds.com/fund/capricorn-investment-group) 3
- [FTV Capital](https://millionrounds.com/fund/ftv-capital) 3
- [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) 3

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

[**Allen & Company** Wealth manager **3** rounds together](https://millionrounds.com/fund/allen-and-company)[**Benchmark** VC firm **3** rounds together](https://millionrounds.com/fund/benchmark)[**BlackRock** Asset manager **3** rounds together](https://millionrounds.com/fund/blackrock)[**Capricorn Investment** Family office **3** rounds together](https://millionrounds.com/fund/capricorn-investment-group)[**FTV Capital** Private equity **3** rounds together](https://millionrounds.com/fund/ftv-capital)[**Tenaya Capital** VC firm **3** rounds together](https://millionrounds.com/fund/tenaya-capital)[**Aayush Phumbhra** Angel **2** rounds together](https://millionrounds.com/fund/aayush-phumbhra)[**DTE Energy** Corporate VC **2** rounds together](https://millionrounds.com/fund/dte-energy)[**Dragoneer Investment** Private equity **2** rounds together](https://millionrounds.com/fund/dragoneer-investment-group)[**Glynn Capital Management** VC firm **2** rounds together](https://millionrounds.com/fund/glynn-capital)[**Highland Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**In-Q-Tel** Accelerator **2** rounds together](https://millionrounds.com/fund/iqt)

## Recently backed

The latest companies Passport Capital put money into.

[**Solana** $20M · Jul 2019](https://millionrounds.com/company/solana)[**Apartment List** $30M · Mar 2016](https://millionrounds.com/company/apartment-list)

## Mentioned on podcasts

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

- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 10 Aug 2023 · 54 min A masterclass in investing and VC: Investing legends John Burbank and Ken Wallace of Nimble Partners on why the winners will win big and how to find them With [John Burbank](https://millionrounds.com/person/john-burbank) Mentions [Nimble Partners](https://millionrounds.com/fund/nimble-partners)[Passport Capital](https://millionrounds.com/fund/passport-capital) Apple PodcastsShow page

## Quick answers about Passport Capital

### What does Passport Capital invest in?

Passport Capital invests most often at Series D and Series A (41% of the rounds on record), in sectors such as Big Data, CRM and Investment Management.

### How active is Passport Capital?

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

### What has Passport Capital invested in recently?

Its most recent investments on record: Solana (Series A, Jul 2019) and Apartment List (Mar 2016).

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

The median round it joins is $25M.

### Does Passport Capital lead rounds?

Rarely, if at all: none of its 29 investments on record names it as the lead.

### Where does Passport Capital invest?

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

### Is Passport Capital investing now?

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

### Who does Passport Capital invest alongside?

Most often Allen & Company (3 rounds together), Benchmark (3 rounds together) and BlackRock (3 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=passport-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=passport-capital)