# Trace Capital: portfolio, investments and team

> Trace Capital is a growth equity based in United States. 1 investment on record, 1 in the last 12 months, latest Oct 2026.

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

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

# Trace Capital

Last cheque observed Oct 2026; 1 cheques on record.

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Growth equity Deploying now

Series E Venture Capital & Private Equity

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$1.5B** Rounds led **1 of 1**

Pitch Trace Capital

## Trace Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series E: 100% of its rounds
- 03 Led 1 rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** West Menlo Park, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **Oct** **[Tenstorrent](https://millionrounds.com/company/tenstorrent)** Series E · US · BetaKit **$1.5B** *Led*

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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

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

- **Legal name:** Trace Holdings Management LLC
- **SEC number:** CRD 343579

## The cheque

Series E

Median round joined **$1.5B** the round, not its cheque

Led 1 of 1 rounds **100%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series E *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Trace Capital put money into.

[**Tenstorrent** $1.5B · Oct 2026](https://millionrounds.com/company/tenstorrent)

## Quick answers about Trace Capital

### What does Trace Capital invest in?

Trace Capital invests most often at Series E (100% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Trace Capital?

1 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Trace Capital invested in recently?

Its most recent investments on record: Tenstorrent (Series E, Oct 2026).

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

The median round it joins is $1.5B.

### Is Trace Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Trace Capital?

Trace Capital is a growth equity firm based in West Menlo Park, United States.

### Where does this information on Trace Capital come from?

From 13 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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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=trace-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=trace-capital)