# Tugboat Ventures: portfolio, investments and team

> Tugboat Ventures is a vc firm based in United States. 30 investments on record, latest Mar 2015. Portfolio, stages, co-investors and team.

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

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

# Tugboat Ventures

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

Quiet VC firm

Seed Series A Series B B2C SaaS Recurring

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 30 on record

Since the last cheque **4249** days **00** hrs **00** min **00** sec

Median round **$4.8M** Cheque size, as they say **$200K – $2.5M** Rounds led **0 of 30** Sole investor **3 rounds** Exits **4 from the portfolio** Mostly in **United States, 100%**

Pitch Tugboat Ventures

## Tugboat Ventures highlights

- 01 30 rounds on record
- 02 Mostly Series A and Seed: 72% of its rounds
- 03 Sole investor in 3 rounds, median $2.3M
- 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:** Seed Series A Series B Growth
- **Sectors:** B2C SaaS Recurring
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **30 appearances**

- **2015** 2 rounds
- **Mar** **[CoverHound](https://millionrounds.com/company/coverhound)** Series B · US **$14M** With 4 others
- **Jan** **[Cuff](https://millionrounds.com/company/cuff)** Series A · US **$5.0M** With 2 others
- **2014** 1 round
- **Oct** **[Kenna](https://millionrounds.com/company/kenna)** Series A · US **$4.0M** With 3 others
- **2013** 2 rounds
- **Nov** **[Aria Systems](https://millionrounds.com/company/aria-systems)** Series D · US · finsmes.com **$40M** With 5 others
- **Oct** **[Alminder](https://millionrounds.com/company/alminder)** Seed · US · finsmes.com **$1.5M** With 1 other
- **2012** 5 rounds
- **Dec** **[Koozoo](https://millionrounds.com/company/koozoo)** Seed · US · reuters.com **$2.5M** With 3 others
- **Dec** **[Hapara](https://millionrounds.com/company/hapara)** Series A · US **$4.5M** With 2 others
- **Nov** **[Kenna](https://millionrounds.com/company/kenna)** Series A · US · techcrunch.com **$5.3M** With 3 others
- **Aug** **[RichRelevance](https://millionrounds.com/company/richrelevance)** Series E · US · techcrunch.com **$8.0M** With 3 others
- **May** **[RichRelevance](https://millionrounds.com/company/richrelevance)** Series E · US · techcrunch.com **$20M** With 4 others
- **2011** 7 rounds
- **Jun** **[Ifeelgoods](https://millionrounds.com/company/ifeelgoods)** Series A · US · techcrunch.com **$9.5M** With 1 other
- **Feb** **[Kenna](https://millionrounds.com/company/kenna)** Seed · US · techcrunch.com **$1.0M** With 1 other
- **Feb** **[Atzip](https://millionrounds.com/company/atzip)** Venture · venturebeat.com **$614K** Sole investor
- **Feb** **[Education Elements](https://millionrounds.com/company/education-elements)** Seed · US · techcrunch.com **$2.1M** With 2 others
- **Feb** **[Aria Systems](https://millionrounds.com/company/aria-systems)** Series C · US · venturebeat.com **$27M** With 3 others
- **Jan** **[Qwiki](https://millionrounds.com/company/qwiki)** Series A · US · techcrunch.com **$8.0M** With 8 others
- **Jan** **[Mahoot Games](https://millionrounds.com/company/mahoot-games)** Seed · US **Undisclosed** Sole investor
- **2010** 4 rounds
- **Sept** **[Ifeelgoods](https://millionrounds.com/company/ifeelgoods)** Seed · US **$1.5M** With 6 others
- **Apr** **[GoalSpring Financial](https://millionrounds.com/company/goalspring-financial)** Series A · US · venturedeal.com **$2.0M** With 1 other
- **Apr** **[SavvyMoney, Inc.](https://millionrounds.com/company/savvymoney-inc)** Series A · US · thealarmclock.com **$2.0M** With 1 other
- **Mar** **[MATRIXX Software](https://millionrounds.com/company/matrixx-software)** Series A · US · freshnews.com **$9.0M** With 1 other
- **2009** 2 rounds
- **Dec** **[RepairPal](https://millionrounds.com/company/repairpal)** Series A · US · techcrunch.com **$4.0M** Sole investor
- **Jul** **[RichRelevance](https://millionrounds.com/company/richrelevance)** Series C · US **$13M** With 5 others
- **2008** 1 round
- **Apr** **[Cuil](https://millionrounds.com/company/cuil)** Series B · US · techcrunch.com **$25M** With 2 others
- **2007** 5 rounds
- **Dec** **[RichRelevance](https://millionrounds.com/company/richrelevance)** Series B · US · richrelevance.com **$4.2M** With 4 others
- **Dec** **[ShopItToMe](https://millionrounds.com/company/shopittome)** Series A · US **Undisclosed** With 1 other
- **Sept** **[Doostang](https://millionrounds.com/company/doostang)** Series A · US **$3.5M** With 1 other
- **Aug** **[SayNow](https://millionrounds.com/company/saynow)** Series A · US · techcrunch.com **$7.5M** With 2 others
- **Mar** **[Cuil](https://millionrounds.com/company/cuil)** Series A · US · techcrunch.com **$8.0M** With 1 other
- **2005** 1 round
- **Dec** **[Mamapedia](https://millionrounds.com/company/mamapedia)** Series A · US **$4.6M** With 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 registration **2 named**

DG **David Gregory Whorton** Managing Member- Tugboat Venture Management, LLC i Form ADV

MB **Michelle Bitler** Vp of Finance i Form 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

**$38M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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 listed **4 in all**

**[Mamapedia](https://millionrounds.com/company/mamapedia)** Bought by Get It® **Undisclosed** Sept 2014

**[Qwiki](https://millionrounds.com/company/qwiki)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$50M** Jul 2013

**[Doostang](https://millionrounds.com/company/doostang)** Bought by Universum **Undisclosed** Jul 2011

**[SayNow](https://millionrounds.com/company/saynow)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jan 2010

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 **$4.8M** the round, not its cheque Alone, median **$2.3M**

Led 0 of 30 rounds **0%**

- **Said size:** $200K – $2.5M
- **Sole investor:** 3 rounds
- **Last cheque:** Mar 2015
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series A said *15*
- Seed said *6*
- Series B said *3*
- Series C *2*
- Series E *2*
- Venture *1*
- Growth said *-*

Cheques by year Led Joined

2005 2015

Often in the room with

- [Greylock](https://millionrounds.com/fund/greylock-partners) 7
- [Felicis](https://millionrounds.com/fund/felicis-ventures) 4
- [DFJ](https://millionrounds.com/fund/dfj) 3
- [Draper Richards](https://millionrounds.com/fund/draper-richards) 3
- [Hyde Park Angels](https://millionrounds.com/fund/hyde-park-angels) 3
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 3

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## 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.

[**Greylock** VC firm **7** rounds together](https://millionrounds.com/fund/greylock-partners)[**Felicis** VC firm **4** rounds together](https://millionrounds.com/fund/felicis-ventures)[**DFJ** VC firm **3** rounds together](https://millionrounds.com/fund/dfj)[**Draper Richards** Investment firm **3** rounds together](https://millionrounds.com/fund/draper-richards)[**Hyde Park Angels** Angel network **3** rounds together](https://millionrounds.com/fund/hyde-park-angels)[**Shasta Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/shasta-ventures)[**Costanoa Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/costanoa-ventures)[**Hummer Winblad Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/hummer-winblad-venture-partners)[**InterWest Partners** VC firm **2** rounds together](https://millionrounds.com/fund/interwest-partners)[**New Cycle Capital** VC firm **2** rounds together](https://millionrounds.com/fund/new-cycle-capital)[**New Enterprise Associates** VC firm **2** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**U.S. Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp)

## 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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