# Wells Fargo: portfolio, investments and team

> Wells Fargo is a corporate vc based in United States. 107 investments on record, 16 in the last 12 months, latest Sept 2026.

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

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

# Wells Fargo

Last cheque observed Sep 2026; 107 cheques on record.

Email

Corporate VC Deploying now Last fund $1.1B, May 2014

Seed Series A Series B Big Data & Analytics Biotechnology CloudTech

Follow Wells Fargo and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fwells-fargo-bank-office)

Deploying now

**47%** of best year **16** **cheques in 12 months**, 107 on record

Since the last cheque **65** days **00** hrs **00** min **00** sec

Median round **$39M** Rounds led **3 of 107** Sole investor **23 rounds** Exits **1 from the portfolio** Mostly in **United States, 92%**

Pitch Wells Fargo

## Wells Fargo highlights

- 01 16 cheques in the last 12 months
- 02 Mostly Debt and Grant: 68% of its rounds
- 03 Sole investor in 23 rounds, median $40M
- 04 1 exits from the portfolio

## What they do

> Committed to the financial health of our customers and communities. Explore bank accounts, loans, mortgages, investing, credit cards & banking services From their own website

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Big Data & Analytics Biotechnology CloudTech
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **107 appearances**

- **2026** 14 rounds
- **Sept** **[Snorkel AI](https://millionrounds.com/company/snorkel-ai)** Growth · US · Blumberg Capital **$350M** With 18 others
- **May** **[Soloviev Group](https://millionrounds.com/company/soloviev-group)** Debt · US **$1.8B** With 2 others
- **May** **[Kraken Oil & Gas](https://millionrounds.com/company/kraken-oil-and-gas)** Debt · US **$400M** With 1 other
- **May** **[STORE Capital](https://millionrounds.com/company/store-capital)** Debt · US **$567M** With 2 others
- **Mar** **[Clenera](https://millionrounds.com/company/clenera)** Debt · US **$304M** With 3 others
- **Mar** **[Arevon](https://millionrounds.com/company/arevon)** Debt · US **$482M** With 3 others
- **Feb** **[Orion Office REIT](https://millionrounds.com/company/orion-office-reit)** Debt · US **$215M** With 2 others
- **Feb** **[Nexus Select Trust](https://millionrounds.com/company/nexus-select-trust)** Debt · US **$77M** With 7 others
- **Feb** **[OSTTRA](https://millionrounds.com/company/osttra)** Secondary · GB **$100M** With 4 others
- **Jan** **[Rogo](https://millionrounds.com/company/rogo)** Series C · US · TechStartups **$75M** With 7 others
- **Jan** **[Elevex Capital](https://millionrounds.com/company/elevex-capital)** Debt · US **$1.0B** With 1 other
- **Jan** **[Nasdaq Private Market](https://millionrounds.com/company/nasdaq-private-market)** Series C · US **$38M** With 3 others
- **Jan** **[Targeted Lending](https://millionrounds.com/company/targeted-lending)** Debt · US **$50M** With 1 other
- **Jan** **[Vantage Data Centers](https://millionrounds.com/company/vantage-data-centers)** Debt · US **$341M** With 3 others
- **2025** 24 rounds
- **Dec** **[Detroit Manufacturing Systems LLC](https://millionrounds.com/company/detroit-manufacturing-systems-llc)** Debt · US **$450M** With 1 other
- **Dec** **[AtScale](https://millionrounds.com/company/atscale)** Venture · US **$62M** With 3 others
- **Nov** **[Global Holdings Management Group](https://millionrounds.com/company/global-holdings-management-group)** Debt · US **$190M** With 2 others
- **Nov** **[ElmBlue](https://millionrounds.com/company/elmblue)** Debt · US **$125M** Sole investor
- **Nov** **[Proof](https://millionrounds.com/company/proof)** Venture · US **$16M** With 5 others
- **Oct** **[Producers Midstream](https://millionrounds.com/company/producers-midstream)** Growth · US **$500M** Sole investor
- **Sept** **[Aequum Capital](https://millionrounds.com/company/aequum-capital)** Debt · US **$250M** Sole investor
- **Sept** **[JUST Community](https://millionrounds.com/company/just-community)** Grant · US **$550K** With 1 other
- **Sept** **[MicroEra Power](https://millionrounds.com/company/microera-power)** Grant · US **$250K** With 4 others
- **Sept** **[HF Foods Group](https://millionrounds.com/company/hf-foods-group)** US **$100M** Sole investor
- **Sept** **[Extend](https://millionrounds.com/company/extend)** Venture · US **$20M** With 4 others
- **Sept** **[Stag Industrial](https://millionrounds.com/company/stag-industrial)** Debt · US **$300M** With 2 others
- **Jul** **[Bilt Rewards](https://millionrounds.com/company/bilt-rewards)** Growth · US · AlleyWatch **$250M** With 4 others
- **Jul** **[ExchangeRight](https://millionrounds.com/company/exchangeright)** Debt · US **$15M** With 1 other
- **Jul** **[Bioventus](https://millionrounds.com/company/bioventus)** Debt · US **$400M** Sole investor
- **Jul** **[BILT](https://millionrounds.com/company/bilt)** Venture · US **$250M** With 3 others
- **Jun** **[Penelope](https://millionrounds.com/company/penelope)** Venture · US **Undisclosed** With 2 others
- **Jun** **[Lightsource bp](https://millionrounds.com/company/lightsource-bp)** Debt · GB **$201M** With 2 others
- **Jun** **[The Wharf](https://millionrounds.com/company/the-wharf)** Debt · US **$1.1B** With 2 others
- **Jun** **[Vultr](https://millionrounds.com/company/vultr)** Debt · US **$329M** With 5 others
- **May** **[Liberty Commercial Finance](https://millionrounds.com/company/liberty-commercial-finance)** Debt · US **$350M** With 1 other
- **May** **[GSA](https://millionrounds.com/company/gsa)** Debt · GB **$500M** Sole investor
- **Apr** **[Operation HOPE](https://millionrounds.com/company/operation-hope)** Grant · US **$450K** Sole investor
- **Apr** **[Chomps](https://millionrounds.com/company/chomps)** Debt · US **$100M** Sole investor
- **2024** 15 rounds
- **Dec** **[Cadre Holdings](https://millionrounds.com/company/cadre-holdings)** Debt · US **$590M** Sole investor
- **Dec** **[Cader Holdings](https://millionrounds.com/company/cader-holdings)** Debt **$590M** Sole investor

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 **24 named**

AT **Adam Taback** Officer of Wells Fargo Alternative Asset Management, LLC, Investment Adviser and Director i Filing they signed

AJ **Alan J. Adelman** Officer of Wells Fargo Alternative Asset Management, LLC, the Managing Member i Filing they signed

AA **Amru A. Khan** Executive Officer i Filing they signed

BS **Barry Sommers** Chief Executive Officer / Board of Managers i Form ADV

CG **Christos G Tsamadias** Chief Compliance Officer i Form ADV

DJ **Daniel J. Rauchle** Officer of Wells Fargo Alternative Asset Management, LLC, Managing Member i Filing they signed

DC **Darrell Cronk** Head of Investment Solutions / Wim Chief Investment Officer / Board of Managers / Control Principal i Form ADV

DF **David Franz Markmann** Designated Texas Officer i Form ADV

DW **David Ward Saunders** Designated State Principal i Form ADV

DA **Dean Allen Junkans** Officer of Wells Fargo Alternative Asset Management, LLC, Managing Member i Filing they signed

DS **Dennis Schmal** Director i Filing they signed

DL **Doreta L. Dunegan** Officer of Wells Fargo Alternative Asset Management, LLC, Managing Member i Filing they signed

DL **Doretta L. Dunegan** Officer of Wells Fargo Alternative Asset Management, LLC, Managing Member i Filing they signed

EJ **Eileen J. Alden** Officer of Wells Fargo Alternative Asset Management, LLC, Managing Member i Filing they signed

EA **Erik Anthony Karanik** Chief Executive Officer / Board of Managers i Form ADV

FW **Frederick W. Wahl** Officer of Wells Fargo Alternative Asset Management, LLC, the Managing Member i Filing they signed

JD **J. David Germany** Executive Officer i Filing they signed

JJ **James J Craven** Board of Managers i Form ADV

JR **John R Tyers** President/Board of Managers/Control Principal i Form ADV

JF **Jon F. Baranko** Executive Officer, Director i Filing they signed

KL **Karen L. Norton** Executive Officer i Filing they signed

KC **Kimberly Crowder Ta** Board of Managers/Control Principal i Form ADV

KD **Kirk D. Hartman** Executive Officer, Director i Filing they signed

MS **Mai S. Shiver** Executive Officer i Filing they signed

We also hold **184** 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

**$924B** assets it manages, 2 advisers combined Oct 2026

**5+** funds on file numbered funds in its name

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

- **Legal name:** Wells Fargo Advisors Financial Network, LLC
- **SEC number:** CRD 11025

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Zeal Capital Partners 1 fund](https://millionrounds.com/fund/zeal-capital-partners)

Most recent commitments

- [Zeal Capital Partners Fund II](https://millionrounds.com/fund/zeal-capital-partners)

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 14 we have independently watched raise

[Continue](https://millionrounds.com/company/continue)[Continue](https://millionrounds.com/company/pinterest) ATMs/Locations Accountoffers Confirm credit card Credit Cards Get security tips Icomplete Make an appointment Oam Secure Sign On Wells Fargo Entertainment Wells Fargo Stories

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 **1 in all**

**[CDC Software](https://millionrounds.com/company/cdc-software)** Bought by Aptean **Undisclosed** Aug 2012

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

Latest fund on file

**$1.1B**

raised in May 2014

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Series B

Median round joined **$39M** the round, not its cheque Alone, median **$40M**

Led 3 of 107 rounds **3%**

- **Sole investor:** 23 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Debt *36*
- Grant *20*
- Venture *11*
- Series B said *9*
- Series C *6*
- Seed said *-*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 12
- [JP Morgan](https://millionrounds.com/fund/jpmorgan) 12
- [Bank of America](https://millionrounds.com/fund/bank-of-america) 10
- [Citibank](https://millionrounds.com/fund/citi) 10
- [JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) 10
- [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) 9

**Pitching Wells Fargo?** 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 Wells Fargo. A count of rooms they were both in, not a relationship either has claimed.

[**Goldman Sachs** Private equity **12** rounds together](https://millionrounds.com/fund/goldman-sachs)[**JP Morgan** Investment bank **12** rounds together](https://millionrounds.com/fund/jpmorgan)[**Bank of America** Company **10** rounds together](https://millionrounds.com/fund/bank-of-america)[**Citibank** Growth equity **10** rounds together](https://millionrounds.com/fund/citi)[**JP Morgan Chase** Corporate VC **10** rounds together](https://millionrounds.com/fund/j-p-morgan-chase)[**Morgan Stanley Investment Management** Private equity **9** rounds together](https://millionrounds.com/fund/morgan-stanley-investment-management)[**HSBC** Growth equity **6** rounds together](https://millionrounds.com/fund/hsbc)[**Barclays Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/barclays-ventures)[**Plug and Play** Accelerator **4** rounds together](https://millionrounds.com/fund/plug-and-play)[**Cleantech Open** Accelerator **3** rounds together](https://millionrounds.com/fund/cleantech-open)[**Fifth Wall** VC firm **3** rounds together](https://millionrounds.com/fund/fifth-wall)[**General Catalyst** VC firm **3** rounds together](https://millionrounds.com/fund/general-catalyst)

## Recently backed

The latest companies Wells Fargo put money into.

[**Snorkel AI** $350M · Sept 2026](https://millionrounds.com/company/snorkel-ai)[**Soloviev Group** $1.8B · May 2026](https://millionrounds.com/company/soloviev-group)[**STORE Capital** $567M · May 2026](https://millionrounds.com/company/store-capital)[**Clenera** $304M · Mar 2026](https://millionrounds.com/company/clenera)[**Arevon** $482M · Mar 2026](https://millionrounds.com/company/arevon)[**Orion Office REIT** $215M · Feb 2026](https://millionrounds.com/company/orion-office-reit)

## On podcasts

3 episodes naming Wells Fargo in the title, and 4 more that mention it.

- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 24 Jun 2024 · 58 min 870. News: Wells Fargo and Bilt deny breakup rumours, Atom Bank reports profit and what is going on with BNPL? Mentions [Wells Fargo](https://millionrounds.com/fund/wells-fargo-bank-office)[Mark Mullen](https://millionrounds.com/person/mark-mullen) Apple Podcasts
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 17 Jun 2024 · 1h 12m Woke Google Maps, how Wells Fargo is losing money on fintech, and the global AI race | E1967 Mentions [Google](https://millionrounds.com/fund/google-assistant-investments)[Wells Fargo](https://millionrounds.com/fund/wells-fargo-bank-office)[Alex Wilhelm](https://millionrounds.com/person/alex-wilhelm) Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 31 Oct 2022 · 57 min 676. News: Live from Money20/20 - announcements from Google, Wells Fargo, Adyen, Fireblocks and more! Mentions [Google](https://millionrounds.com/fund/google-assistant-investments)[Wells Fargo](https://millionrounds.com/fund/wells-fargo-bank-office)[Charley Ma](https://millionrounds.com/person/charley-ma) *+2* Apple PodcastsShow page

### Mentioned in

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 29 Oct 2025 · 19 min Critical Technologies Investor: AE Industrial Partners’ Kirk Konert Apple PodcastsShow page
- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 23 Jul 2025 · 38 min SageSpring Private Wealth's Winston Justice - from protecting star quarterbacks to protecting families' wealth Apple PodcastsShow page
- [In Depth](https://millionrounds.com/podcasts/in-depth) 1 Jul 2025 · 55 min How Gusto built a $9.5 billion company by identifying a burning problem Apple Podcasts
- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 7 May 2025 · 1h 7m Constellation Wealth Capital's Karl Heckenberg - why there will be a $1T independent wealth management firm Apple PodcastsShow page

## Quick answers about Wells Fargo

### What does Wells Fargo invest in?

Wells Fargo invests most often at Debt and Grant (68% of the rounds on record), in sectors such as Big Data & Analytics, Biotechnology and CloudTech.

### How active is Wells Fargo?

107 investments on record, 16 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Wells Fargo invested in recently?

Its most recent investments on record: Snorkel AI (Growth, Sept 2026), Soloviev Group (Debt, May 2026) and Kraken Oil & Gas (Debt, May 2026).

### How big are Wells Fargo's cheques?

The median round it joins is $39M.

### Does Wells Fargo lead rounds?

Sometimes: it led 3 of its 107 investments on record (3%).

### Where does Wells Fargo invest?

Most of the companies it backs are in the United States (92%) and the United Kingdom (8%).

### Is Wells Fargo investing now?

Yes: it is actively investing, with 16 investments in the last 12 months.

### Who does Wells Fargo invest alongside?

Most often Goldman Sachs (12 rounds together), JP Morgan (12 rounds together) and Bank of America (10 rounds together).

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