# 14W: portfolio, investments and team

> 14W is a private equity based in United States. 35 investments on record, 1 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

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

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

# 14W

Last cheque observed Aug 2026; 35 cheques on record.

Email

Deploying now Private equity Website unconfirmed

Seed Series A Series B Goods Marketplace B2b2c

Follow 14W and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fwarner-music-group)

Deploying now

**100%** of best year **1** **cheques in 12 months**, 35 on record

Since the last cheque **68** days **00** hrs **00** min **00** sec

Median round **$25M** Cheque size, as they say **$100K – $5.0M** Rounds led **4 of 35** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 71%**

Pitch 14W

## 14W highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Series B: 65% of its rounds
- 03 Sole investor in 1 rounds, median $2.0M
- 04 1 exits from the portfolio

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Goods Marketplace B2b2c
- **Based in:** New York, United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=warner-music-group).

## The record

Every round we can evidence, newest first **35 appearances**

- **2026** 1 round
- **Aug** **[Stability AI](https://millionrounds.com/company/stability-ai)** Series B · GB · TechCrunch **$76M** With 5 others
- **2019** 4 rounds
- **Nov** **[Audigent](https://millionrounds.com/company/audigent)** Series A · US · FinSMEs **$6.7M** With 3 others
- **Sept** **[Simple Feast](https://millionrounds.com/company/simple-feast)** Series B · DK · TechCrunch **$33M** *Led*
- **Sept** **[Dapper Labs](https://millionrounds.com/company/dapper-labs)** CA · Forbes **$11M** With 3 others
- **Mar** **[Artiphon](https://millionrounds.com/company/artiphon)** Seed · US · TechCrunch **$2.0M** *Led*
- **2018** 3 rounds
- **Dec** **[K Health](https://millionrounds.com/company/k-health)** Series B · US · TechCrunch **$25M** *Led*
- **Sept** **[Maven](https://millionrounds.com/company/maven)** Series B · US · FinSMEs **$27M** With 3 others
- **Jul** **[Fever](https://millionrounds.com/company/fever)** Series C · GB · TechCrunch **$20M** With 2 others
- **2017** 1 round
- **Dec** **[Reformation](https://millionrounds.com/company/reformation)** Series B · GB · Fashionunited **$25M** *Led*
- **2015** 7 rounds
- **Nov** **[Fever](https://millionrounds.com/company/fever)** Series B · US **$12M** With 2 others
- **Oct** **[Outdoor Voices](https://millionrounds.com/company/outdoor-voices)** Series A · US **$7.0M** With 3 others
- **Jul** **[LOLA](https://millionrounds.com/company/lola)** Seed · US **$1.2M** With 6 others
- **Jun** **[LANDR](https://millionrounds.com/company/landr)** Series A · CA **$6.2M** With 5 others
- **Apr** **[Lyst](https://millionrounds.com/company/lyst)** Series C · GB **$40M** With 4 others
- **Apr** **[Jukely](https://millionrounds.com/company/jukely)** Seed · US **$8.0M** With 8 others
- **Apr** **[Reformation](https://millionrounds.com/company/reformation)** Series A · US **$12M** With 4 others
- **2014** 10 rounds
- **Nov** **[Kaufmann Mercantile](https://millionrounds.com/company/kaufmann-mercantile)** Series A · US **$3.2M** With 3 others
- **Nov** **[Glossier](https://millionrounds.com/company/glossier)** Venture · US **$8.4M** With 7 others
- **Nov** **[Maple](https://millionrounds.com/company/maple)** Seed · US **$4.0M** With 4 others
- **Nov** **[Incoming Media](https://millionrounds.com/company/incoming-media)** Series A · US **$4.9M** With 4 others
- **Oct** **[Fever](https://millionrounds.com/company/fever)** Series A · US **$8.3M** With 3 others
- **Oct** **[Jukely](https://millionrounds.com/company/jukely)** Seed · US **$2.4M** With 10 others
- **Sept** **[Food52](https://millionrounds.com/company/food52)** Series B · US **$6.0M** With 3 others
- **Aug** **[Managed by Q](https://millionrounds.com/company/managed-by-q)** Seed · US **$1.6M** With 15 others
- **Jul** **[Tracksmith](https://millionrounds.com/company/tracksmith)** Seed · US **$1.6M** With 5 others
- **Jan** **[Lyst](https://millionrounds.com/company/lyst)** Series B · GB **$14M** With 5 others
- **2013** 3 rounds
- **Jul** **[L’ArcoBaleno](https://millionrounds.com/company/l-arcobaleno)** Series B · DE · finsmes.com **Undisclosed** With 9 others
- **Apr** **[The RealReal](https://millionrounds.com/company/the-realreal)** Series B · US · prnewswire.com **$14M** With 8 others
- **Apr** **[DailyLook](https://millionrounds.com/company/daily-look)** Seed · US · techcrunch.com **$2.5M** With 8 others
- **2012** 1 round
- **Jun** **[Moda Operandi](https://millionrounds.com/company/moda-operandi)** Series C · US · businessoffashion.com **$36M** With 4 others
- **2011** 3 rounds
- **Jul** **[Tango](https://millionrounds.com/company/tango)** Series B · US · techcrunch.com **$42M** With 4 others
- **Apr** **[Listia](https://millionrounds.com/company/listia)** Seed · US · techcrunch.com **$1.8M** With 8 others
- **Apr** **[Everlane](https://millionrounds.com/company/everlane)** Seed · US · techcrunch.com **$1.1M** With 11 others
- **2008** 1 round
- **Feb** **[Wahanda](https://millionrounds.com/company/wahanda)** Seed · GB · uk.techcrunch.com **$3.0M** With 5 others
- **2007** 1 round
- **Aug** **[uPlayMe](https://millionrounds.com/company/uplayme)** Series A · US **Undisclosed** 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 **1 named**

AZ **Alejandro Zubillaga Ortiz** Managing Member of 14W Ventures GP LLC, Spa Hldings LLC, Pase Mgmt LLC and 14W Mgmt LLC i Form ADV

We also hold **5** 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

**$619M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** 14w Ventures GP LLC
- **SEC number:** CRD 283437

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Wahanda](https://millionrounds.com/company/wahanda)** Bought by [Recruit Holdings](https://millionrounds.com/fund/recruit-holdings) **$171M** May 2015

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 **$25M** the round, not its cheque Alone, median **$2.0M**

Led 4 of 35 rounds **11%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 1 rounds
- **Last cheque:** Aug 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *11*
- Series B said *11*
- Series A said *8*
- Series C *3*
- Venture *1*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Alex Zubillaga](https://millionrounds.com/fund/alex-zubillaga) 5
- [Accel](https://millionrounds.com/fund/accel) 4
- [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 3
- [Dave Morin](https://millionrounds.com/fund/dave-morin) 3
- [Novel TMT Ventures](https://millionrounds.com/fund/novel-tmt-ventures) 3
- [RRE Ventures](https://millionrounds.com/fund/rre-ventures) 3

**Pitching 14W?** 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 *→*

## Who they invest alongside

The investors most often in the same rounds as 14W. A count of rooms they were both in, not a relationship either has claimed.

[**Alex Zubillaga** VC firm **5** rounds together](https://millionrounds.com/fund/alex-zubillaga)[**Accel** VC firm **4** rounds together](https://millionrounds.com/fund/accel)[**Balderton Capital** VC firm **3** rounds together](https://millionrounds.com/fund/balderton-capital)[**Dave Morin** VC firm **3** rounds together](https://millionrounds.com/fund/dave-morin)[**Novel TMT Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/novel-tmt-ventures)[**RRE Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/rre-ventures)[**SV Angel** VC firm **3** rounds together](https://millionrounds.com/fund/sv-angel)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Andy Dunn** Angel **2** rounds together](https://millionrounds.com/fund/andy-dunn)[**BoxGroup** VC firm **2** rounds together](https://millionrounds.com/fund/boxgroup)[**Draper Esprit** VC firm **2** rounds together](https://millionrounds.com/fund/draper-esprit-plc)[**Forerunner Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/forerunner-ventures)

## Recently backed

The latest companies 14W put money into.

[**Stability AI** $76M · Aug 2026](https://millionrounds.com/company/stability-ai)[**Simple Feast** $33M · Sept 2019](https://millionrounds.com/company/simple-feast)[**Dapper Labs** $11M · Sept 2019](https://millionrounds.com/company/dapper-labs)[**K Health** $25M · Dec 2018](https://millionrounds.com/company/k-health)[**Reformation** $25M · Dec 2017](https://millionrounds.com/company/reformation)

## Quick answers about 14W

### What does 14W invest in?

14W invests most often at Seed and Series B (65% of the rounds on record), in sectors such as Goods, Marketplace and B2b2c.

### How active is 14W?

35 investments on record, 1 of them in the last 12 months, and it led 4. The most recent was in Aug 2026.

### What has 14W invested in recently?

Its most recent investments on record: Stability AI (Series B, Aug 2026), Audigent (Series A, Nov 2019) and Simple Feast (Series B, Sept 2019).

### How big are 14W's cheques?

The median round it joins is $25M. It says it writes cheques of $100K to $5.0M.

### Does 14W lead rounds?

Sometimes: it led 4 of its 35 investments on record (11%).

### Where does 14W invest?

Most of the companies it backs are in the United States (71%), the United Kingdom (17%) and Canada (6%).

### Is 14W investing now?

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

### Who does 14W invest alongside?

Most often Alex Zubillaga (5 rounds together), Accel (4 rounds together) and Balderton Capital (3 rounds together).

## 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=warner-music-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=warner-music-group)