# Top Tier: portfolio, investments and team > Top Tier is a growth equity. 5 investments on record, 1 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/top-tier (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Top Tier Last cheque observed Mar 2026; 5 cheques on record. Email Deploying now New fund $301M, Oct 2026 Growth equity Series C Series B Series D Follow Top Tier and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftop-tier) Deploying now **100%** of best year **1** **cheques in 12 months**, 5 on record Since the last cheque **230** days **00** hrs **00** min **00** sec Median round **$32M** Rounds led **0 of 5** Mostly in **United States, 80%** Pitch Top Tier ## Top Tier highlights - 01 1 cheques in the last 12 months - 02 Mostly Series C and Series B: 75% of its rounds ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 1 round - **Mar** **[Frore Systems](https://millionrounds.com/company/frore-systems)** Series D · US · TechStartups **$143M** With 9 others - **2018** 3 rounds - **Oct** **[Area 1](https://millionrounds.com/company/area-1)** Series C · US · FinSMEs **$32M** With 4 others - **Sept** **[Contino](https://millionrounds.com/company/contino)** Series B · AU · FinSMEs **$40M** With 1 other - **May** **[Plastiq](https://millionrounds.com/company/plastiq)** US · FinSMEs **$27M** With 2 others - **2017** 1 round - **Apr** **[Qumulo](https://millionrounds.com/company/qumulo)** Series C · US · FinSMEs **$30M** 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 **11 named** DA **David Arthur York** Director of the General Partner of the General Partner of Issuer and Managing Director of Investment Advisor i Filing they signed DM **David M. Marechal** General Partner i Filing they signed EA **Eric A.L. Fitzgerald** Managing Director of Investment Advisor i Filing they signed GA **Garth A. L. Timoll, Sr.** Managing Director of Manager to General Partner i Filing they signed GA **Garth Andrew Leslie Timoll Sr** Director of the General Partner of the General Partner of Issuer and Managing Director of Investment Advisor i Filing they signed JD **J. Daniel M. Townsend** Managing Director of Manager to General Partner i Filing they signed JL **Jessica L. Archibald** Director of the General Partner of the General Partner of Issuer and Managing Director of Investment Advisor i Filing they signed LM **Lisa M. Edgar** Director of Manager to General Partner i Filing they signed PS **Philip S. Paul** Director of Manager to General Partner i Filing they signed SA **Sean A.L. Engel** Managing Director of Investment Advisor i Filing they signed SC **Sean C. Warren** Managing Director of Manager to General Partner i Filing they signed We also hold **23** 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. New fund on file **$301M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series C Series B Series D Median round joined **$32M** the round, not its cheque Led 0 of 5 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Mar 2026 Rounds by stage said on their site - Series C *2* - Series B *1* - Series D *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Top Tier?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Top Tier put money into. [**Frore Systems** $143M · Mar 2026](https://millionrounds.com/company/frore-systems)[**Plastiq** $27M · May 2018](https://millionrounds.com/company/plastiq)[**Qumulo** $30M · Apr 2017](https://millionrounds.com/company/qumulo) ## On podcasts 6 episodes naming Top Tier in the title, and 4 more that mention it. - [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 5 Nov 2024 · 32 min E109: Top Tier Capital Partners ($7B+ AUM) - Lessons Learned from Investing in 450 Funds Mentions [Top Tier](https://millionrounds.com/fund/top-tier)[Top Tier Capital Partners](https://millionrounds.com/fund/top-tier-capital-partners)[Ben Challgren](https://millionrounds.com/person/ben-challgren) Apple PodcastsShow page - [Superclusters](https://millionrounds.com/podcasts/superclusters) 26 Aug 2024 · 1h 46m How to Get Access into Top Tier Funds | Felipe Valencia | Superclusters | S3E9 Mentions [Top Tier](https://millionrounds.com/fund/top-tier)[Los Angeles](https://millionrounds.com/person/los-angeles-platinum-equity) Apple PodcastsShow page - [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 20 May 2024 · 54 min 434. Deconstructing the Venture Mindset -- The Data and Decision-Making Driving Top Tier Investing (Ilya Strebulaev) With [Ilya Strebulaev](https://millionrounds.com/person/ilya-strebulaev) Mentions [Top Tier](https://millionrounds.com/fund/top-tier) Apple PodcastsShow page - [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 12 Mar 2024 · 26 min E49: Top Tier Capital Founder David York on 30 Years in Venture With [David York](https://millionrounds.com/person/david-york) Mentions [Top Tier](https://millionrounds.com/fund/top-tier)[Top Tier Capital Partners](https://millionrounds.com/fund/top-tier-capital-partners) Apple PodcastsShow page - [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 23 Sept 2020 · 46 min Lisa Edgar, Top Tier Capital Partners With [Lisa Edgar](https://millionrounds.com/person/lisa-edgar) Mentions [Top Tier](https://millionrounds.com/fund/top-tier)[Top Tier Capital Partners](https://millionrounds.com/fund/top-tier-capital-partners)[WR Hambrecht](https://millionrounds.com/fund/wr-hambrecht-co) Apple PodcastsShow page - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 4 Nov 2019 · 33 min 20VC: Inside The Mind of A Leading LP: How LPs Evaluate New Fund Managers on Everything from First Meeting to Portfolio Construction To Fees and Carry with Lisa Edgar, Managing Director @ Top Tier Capital Partners With [Lisa Edgar](https://millionrounds.com/person/lisa-edgar) Mentions [Top Tier](https://millionrounds.com/fund/top-tier)[Top Tier Capital Partners](https://millionrounds.com/fund/top-tier-capital-partners)[WR Hambrecht](https://millionrounds.com/fund/wr-hambrecht-co) Apple PodcastsShow page ### Mentioned in - [The a16z Show](https://millionrounds.com/podcasts/a16z) 2 Feb 2026 · 37 min David Solomon & Ben Horowitz on Building Organizational Resilience & Navigating Macro Uncertainty Apple PodcastsShow page - [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 5 Jun 2025 · 13 min Founder Patterns, VC Tiers and Southeast Asia’s Undervalued Talent – E584 Apple PodcastsShow page - [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 22 Jan 2025 · 23 min Minisode: Franchise Funds: Grading Performance Apple PodcastsShow page - [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 8 Jan 2025 · 54 min Franchise Funds: Metrics To Be Extraordinary with Jessica Archibald Apple PodcastsShow page ## Quick answers about Top Tier ### What does Top Tier invest in? Top Tier invests most often at Series C and Series B (75% of the rounds on record). ### How active is Top Tier? 5 investments on record, 1 of them in the last 12 months. The most recent was in Mar 2026. ### What has Top Tier invested in recently? Its most recent investments on record: Frore Systems (Series D, Mar 2026), Area 1 (Series C, Oct 2018) and Contino (Series B, Sept 2018). ### How big are Top Tier's cheques? The median round it joins is $32M. ### Does Top Tier lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Where does Top Tier invest? Most of the companies it backs are in the United States (80%) and Australia (20%). ### Is Top Tier investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Top Tier? Top Tier is a growth equity firm. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=top-tier) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=top-tier)