Palm Drive Capital

Palm Drive Capital, established in 2014 and headquartered in New York City, is a global venture capital firm dedicated to investing in leading software and internet companies. The firm operates on the fundamental belief that innovation is ubiquitous, leading them to seek out promising startups across various geographies. Their investment strategy is broad, encompassing companies from the earliest Seed stages through Series A, Series B, and into Growth Equity rounds, demonstrating a flexible approach to company development and funding needs.

The firm typically deploys initial checks ranging from $1 million to $10 million, providing significant early-stage and growth capital to its portfolio companies. Palm Drive Capital has successfully raised multiple funds, with its most recent being Palm Drive Capital Fund V, which closed in 2023 with $150 million. This latest fund contributes to their substantial assets under management, which total approximately $350 million across all their vehicles. This capital base allows them to support a diverse array of companies as they scale.

With a portfolio exceeding 100 companies globally, Palm Drive Capital has established a strong track record of identifying and nurturing high-potential ventures. Their strategic investments have enabled these portfolio companies to collectively secure over $15 billion in follow-on capital from other leading investors, underscoring the firm's ability to pick winners and facilitate subsequent growth. Palm Drive Capital's commitment extends beyond capital, often providing strategic guidance and leveraging their network to help founders achieve their long-term vision.