# W Capital Partners: portfolio, investments and team

> W Capital Partners is a private equity based in United States. 14 investments on record, latest Mar 2019. Portfolio, stages, co-investors and team.

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

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

# W Capital Partners

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

Quiet New fund $11M, May 2009 Private equity

Seed Series A Series B Security Software Biometrics

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 14 on record

Since the last cheque **2784** days **00** hrs **00** min **00** sec

Median round **$280M** Rounds led **0 of 14** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch W Capital Partners

## W Capital Partners highlights

- 01 14 rounds on record
- 02 Mostly Venture and Series D: 50% of its rounds
- 03 Sole investor in 1 rounds, median $37M
- 04 2 exits from the portfolio

## What they do

> W Capital is a private equity firm that provides secondary liquidity solutions to GPs and other private company shareholders From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Security Software Biometrics
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **14 appearances**

- **2019** 1 round
- **Mar** **[Workfront](https://millionrounds.com/company/workfront)** US · FinSMEs **$280M** With 2 others
- **2014** 3 rounds
- **Sept** **[Inspirato](https://millionrounds.com/company/inspirato)** Series C · US **$20M** With 2 others
- **Sept** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series G · US **$35M** With 8 others
- **Feb** **[MINDBODY](https://millionrounds.com/company/mindbody)** Growth · US **$50M** With 4 others
- **2013** 1 round
- **Jul** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series F · US · finsmes.com **$44M** With 8 others
- **2012** 1 round
- **Aug** **[AOptix Technologies](https://millionrounds.com/company/aoptix-technologies)** Series E · US · venturebeat.com **$42M** With 5 others
- **2011** 1 round
- **Sept** **[Tremor Video](https://millionrounds.com/company/tremor-video)** Venture · US · tremorvideo.com **$37M** Sole investor
- **2010** 1 round
- **Nov** **[SS8 Networks](https://millionrounds.com/company/ss8-networks)** Series B · US · prweb.com **$13M** With 5 others
- **2009** 3 rounds
- **Sept** **[Mzinga](https://millionrounds.com/company/mzinga)** Venture · US · freshnews.com **$5.0M** With 3 others
- **Jun** **[SS8 Networks](https://millionrounds.com/company/ss8-networks)** Venture · US · ss8.com **$13M** With 4 others
- **Mar** **[AOptix Technologies](https://millionrounds.com/company/aoptix-technologies)** Series D · US · venturebeat.com **$13M** With 5 others
- **2008** 1 round
- **Mar** **[Mzinga](https://millionrounds.com/company/mzinga)** Series D · US · biz.yahoo.com **$33M** With 2 others
- **2007** 1 round
- **Jul** **[Bay Microsystems](https://millionrounds.com/company/bay-microsystems)** Series E · US **$16M** With 6 others
- **2003** 1 round
- **Sept** **[InfiniCon Systems](https://millionrounds.com/company/infinicon-systems)** Series C **$15M** With 4 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 **5 named**

CE **Colleen Elizabeth Corwell** Chief Compliance Officer i Form ADV

DS **David Scott Wachter** Principal/Managing Partner i Form ADV

PR **Peter Robert Sala** Chief Financial Officer i Form ADV

RJ **Robert J. Migliorino** Managing Member i Filing they signed

SW **Stephen Wertheimer** Managing Member i Filing they signed

We also hold **24** 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

**$2.7B** assets it manages Oct 2026

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

- **Legal name:** W Capital Management, LLC
- **SEC number:** CRD 159408

Funds on its Form ADV

**8** private funds, **$1.9B** in gross assets · filed Oct 2024

- W Capital Partners V, L.P. *Private equity* 70 investors $358M
- W Capital Royal II, L.P. *Private equity* 28 investors $341M
- W Capital Partners III, L.P. *Private equity* 110 investors $333M
- W Capital Partners IV, L.P. *Private equity* 46 investors $269M
- W Capital Partners IV-A, L.P. *Private equity* 37 investors $206M
- W Capital Partners V-A, L.P. *Private equity* 32 investors $190M
- WCP COF, L.P. *Private equity* 5 investors $141M
- W Capital Ignite, L.P. *Private equity* 22 investors $87M

## What they claim to have backed

From their own portfolio page (on their website)

**35** of 60 we have independently watched raise

[Acquia](https://millionrounds.com/company/acquia)[Baymicrosystems](https://millionrounds.com/company/bay-microsystems)[Billtrust](https://millionrounds.com/company/billtrust)[Blackboard](https://millionrounds.com/company/blackboard)[Bloomreach](https://millionrounds.com/company/bloomreach)[Brainlab](https://millionrounds.com/company/brainlab)[Brainshark](https://millionrounds.com/company/brainshark)[Coremetrics](https://millionrounds.com/company/coremetrics)[Creditkarma](https://millionrounds.com/company/credit-karma)[Demandmedia](https://millionrounds.com/company/demand-media)[Egnyte](https://millionrounds.com/company/egnyte)[Everfi](https://millionrounds.com/company/everfi)[Freshdirect](https://millionrounds.com/company/freshdirect)[Icontact](https://millionrounds.com/company/icontact)[Inspirato](https://millionrounds.com/company/inspirato)[Kony](https://millionrounds.com/company/kony)[Legalzoom](https://millionrounds.com/company/legalzoom)[Markettools](https://millionrounds.com/company/markettools)[Metastorm](https://millionrounds.com/company/metastorm)[Mzinga](https://millionrounds.com/company/mzinga)[Neolane](https://millionrounds.com/company/neolane)[Opentable](https://millionrounds.com/company/opentable)[Payoneer](https://millionrounds.com/company/payoneer)[Ppro](https://millionrounds.com/company/ppro)[Quinstreet](https://millionrounds.com/company/quinstreet)[Reald](https://millionrounds.com/company/reald)[Renaissance](https://millionrounds.com/company/renaissance)[Secureauth](https://millionrounds.com/company/secureauth)[Sentinelone](https://millionrounds.com/company/sentinelone)[Skytap](https://millionrounds.com/company/skytap)[Smartrecruiters](https://millionrounds.com/company/smartrecruiters)[Thousandeyes](https://millionrounds.com/company/thousandeyes)[Workfront](https://millionrounds.com/company/workfront)[Xad](https://millionrounds.com/company/xad)[Yodlee](https://millionrounds.com/company/yodlee) Alida Amphastar Atsol Aus Browsehappy Ceritypartners Cloud Coinmach Collegenet Compbenefits Conduit D4cdb Documentum Doubletake Dynacast E-emphasys Ecisolutions Encoreglobal Financialengines Fiosinc First-utility Firstdata Flyravn Getweave Greendotcorp and 45 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Workfront](https://millionrounds.com/company/workfront)** Bought by [Adobe](https://millionrounds.com/fund/adobe) **$1.5B** Nov 2020

**[Tremor Video](https://millionrounds.com/company/tremor-video)** Listed **$75M** Jun 2013

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

New fund on file

**$11M**

raised in May 2009

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$280M** the round, not its cheque Alone, median **$37M**

Led 0 of 14 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Mar 2019
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Venture *3*
- Series D *2*
- Series C *2*
- Series E *2*
- Growth said *1*
- Seed said *-*
- Series A said *-*

Cheques by year Led Joined

2003 2019

Often in the room with

- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 4
- [Appian Ventures](https://millionrounds.com/fund/appian-ventures) 2
- [Bluecrest Capital Finance](https://millionrounds.com/fund/bluecrest-capital-finance) 2
- [Clearstone Venture Partners](https://millionrounds.com/fund/clearstone-venture-partners) 2
- [DAG Ventures](https://millionrounds.com/fund/dag-ventures) 2
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2

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

[**Kleiner Perkins Caufield & Byers** VC firm **4** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Appian Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/appian-ventures)[**Bluecrest Capital Finance** Investment firm **2** rounds together](https://millionrounds.com/fund/bluecrest-capital-finance)[**Clearstone Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/clearstone-venture-partners)[**DAG Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/dag-ventures)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**IVP (Institutional Venture Partners)** Growth equity **2** rounds together](https://millionrounds.com/fund/ivp-institutional-venture-partners)[**Northgate Capital** Family office **2** rounds together](https://millionrounds.com/fund/northgate-capital)[**ONSET Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/onset-ventures)[**Sapphire Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/sapphire-ventures)[**Triangle Peak Partners** Asset manager **2** rounds together](https://millionrounds.com/fund/triangle-peak-partners)[**Woodside Fund** VC firm **2** rounds together](https://millionrounds.com/fund/woodside-fund)

## Quick answers about W Capital Partners

### What does W Capital Partners invest in?

W Capital Partners invests most often at Venture and Series D (50% of the rounds on record), in sectors such as Security, Software and Biometrics.

### How active is W Capital Partners?

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

### What has W Capital Partners invested in recently?

Its most recent investments on record: Workfront (Undisclosed round, Mar 2019).

### How big are W Capital Partners's cheques?

The median round it joins is $280M.

### Does W Capital Partners lead rounds?

Rarely, if at all: none of its 14 investments on record names it as the lead.

### Where does W Capital Partners invest?

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

### Is W Capital Partners investing now?

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

### Who does W Capital Partners invest alongside?

Most often Kleiner Perkins Caufield & Byers (4 rounds together), Appian Ventures (2 rounds together) and Bluecrest Capital Finance (2 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=w-capital-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=w-capital-partners)
