United States · Investor

Tugboat Ventures

Last cheque observed Mar 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietVC firm

SeedSeries ASeries BB2CSaaSRecurring

Cheques on record
0%of best year0cheques in 12 months, 30 on record
Since the last cheque4249days00hrs00min00sec
Median round$4.8MCheque size, as they say$200K – $2.5MRounds led0 of 30Sole investor3 roundsExits4 from the portfolioMostly inUnited States, 100%
Pitch Tugboat Ventures

Tugboat Ventures highlights

  1. 01

    30 rounds on record

  2. 02

    Mostly Series A and Seed: 72% of its rounds

  3. 03

    Sole investor in 3 rounds, median $2.3M

  4. 04

    4 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
$200K – $2.5M as they say
Stages
SeedSeries ASeries BGrowth
Sectors
B2CSaaSRecurring
Based in
Palo Alto, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first30 appearances

  1. 2015

    2 rounds

  2. Mar
    CoverHoundSeries B · US$14MWith 4 others
  3. Jan
    CuffSeries A · US$5.0MWith 2 others
  4. 2014

    1 round

  5. Oct
    KennaSeries A · US$4.0MWith 3 others
  6. 2013

    2 rounds

  7. Nov
    Aria SystemsSeries D · US · finsmes.com$40MWith 5 others
  8. Oct
    AlminderSeed · US · finsmes.com$1.5MWith 1 other
  9. 2012

    5 rounds

  10. Dec
    KoozooSeed · US · reuters.com$2.5MWith 3 others
  11. Dec
    HaparaSeries A · US$4.5MWith 2 others
  12. Nov
    KennaSeries A · US · techcrunch.com$5.3MWith 3 others
  13. Aug
    RichRelevanceSeries E · US · techcrunch.com$8.0MWith 3 others
  14. May
    RichRelevanceSeries E · US · techcrunch.com$20MWith 4 others
  15. 2011

    7 rounds

  16. Jun
    IfeelgoodsSeries A · US · techcrunch.com$9.5MWith 1 other
  17. Feb
    KennaSeed · US · techcrunch.com$1.0MWith 1 other
  18. Feb
    AtzipVenture · venturebeat.com$614KSole investor
  19. Feb
    Education ElementsSeed · US · techcrunch.com$2.1MWith 2 others
  20. Feb
    Aria SystemsSeries C · US · venturebeat.com$27MWith 3 others
  21. Jan
    QwikiSeries A · US · techcrunch.com$8.0MWith 8 others
  22. Jan
    Mahoot GamesSeed · USUndisclosedSole investor
  23. 2010

    4 rounds

  24. Sept
    IfeelgoodsSeed · US$1.5MWith 6 others
  25. Apr
    GoalSpring FinancialSeries A · US · venturedeal.com$2.0MWith 1 other
  26. Apr
    SavvyMoney, Inc.Series A · US · thealarmclock.com$2.0MWith 1 other
  27. Mar
    MATRIXX SoftwareSeries A · US · freshnews.com$9.0MWith 1 other
  28. 2009

    2 rounds

  29. Dec
    RepairPalSeries A · US · techcrunch.com$4.0MSole investor
  30. Jul
    RichRelevanceSeries C · US$13MWith 5 others
  31. 2008

    1 round

  32. Apr
    CuilSeries B · US · techcrunch.com$25MWith 2 others
  33. 2007

    5 rounds

  34. Dec
    RichRelevanceSeries B · US · richrelevance.com$4.2MWith 4 others
  35. Dec
    ShopItToMeSeries A · USUndisclosedWith 1 other
  36. Sept
    DoostangSeries A · US$3.5MWith 1 other
  37. Aug
    SayNowSeries A · US · techcrunch.com$7.5MWith 2 others
  38. Mar
    CuilSeries A · US · techcrunch.com$8.0MWith 1 other
  39. 2005

    1 round

  40. Dec
    MamapediaSeries A · US$4.6MWith 1 other

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 registration2 named

DGDavid Gregory WhortonManaging Member- Tugboat Venture Management, LLCiForm ADV
MBMichelle BitlerVp of FinanceiForm ADV

We also hold 3 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

$38Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Tugboat Venture Management, LLC
SEC number
CRD 162076

Exits from the portfolio

Companies it backed that were later bought or listed4 in all

MamapediaBought by Get It®UndisclosedSept 2014
QwikiBought by Yahoo!$50MJul 2013
DoostangBought by UniversumUndisclosedJul 2011
SayNowBought by GoogleUndisclosedJan 2010

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

Who they invest alongside

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

GreylockVC firm7rounds togetherFelicisVC firm4rounds togetherDFJVC firm3rounds togetherDraper RichardsInvestment firm3rounds togetherHyde Park AngelsAngel network3rounds togetherShasta VenturesVC firm3rounds togetherCostanoa VenturesVC firm2rounds togetherHummer Winblad Venture PartnersVC firm2rounds togetherInterWest PartnersVC firm2rounds togetherNew Cycle CapitalVC firm2rounds togetherNew Enterprise AssociatesVC firm2rounds togetherU.S. Venture PartnersVC firm2rounds together

Quick answers about Tugboat Ventures

What does Tugboat Ventures invest in?

Tugboat Ventures invests most often at Series A and Seed (72% of the rounds on record), in sectors such as B2C, SaaS and Recurring.

How active is Tugboat Ventures?

30 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2015.

How big are Tugboat Ventures's cheques?

The median round it joins is $4.8M. It says it writes cheques of $200K to $2.5M.

Does Tugboat Ventures lead rounds?

Rarely, if at all: none of its 30 investments on record names it as the lead.

Where does Tugboat Ventures invest?

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

Is Tugboat Ventures investing now?

No investments in the last 12 months; the latest was in Mar 2015.

Who does Tugboat Ventures invest alongside?

Most often Greylock (7 rounds together), Felicis (4 rounds together) and DFJ (3 rounds together).

What kind of investor is Tugboat Ventures?

Tugboat Ventures is a VC firm based in Palo Alto, United States.

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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