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Phoenix Venture Partners

North America, California, United States, San Mateo

Description

Phoenix Venture Partners (PVP) is a San Mateo, California-based venture capital firm specializing in advanced materials, manufacturing, and industrial technologies. Founded with a mission to commercialize breakthrough innovations, PVP partners with entrepreneurs who possess disruptive intellectual property and significant market potential. Their investment thesis centers on identifying and nurturing companies that can transform traditional industries through scientific and engineering advancements, focusing on deep technology solutions.

PVP provides not only capital but also strategic guidance and operational support, leveraging their deep industry expertise and network. They are known for taking a hands-on approach, working closely with portfolio companies to accelerate growth and market penetration. Initial investments typically range from $3 million to $10 million, with the capacity for substantial follow-on funding to support companies through various stages of development. This flexible approach allows them to support promising ventures from early-stage development through commercialization.

With over $450 million in capital under management across multiple funds, PVP has built a robust portfolio of over 30 companies. Their investments span diverse applications within advanced materials, including additive manufacturing, sustainable materials, and advanced electronics. Notable portfolio companies include Desktop Metal, which successfully went public, and Carbon, a leader in 3D printing technology. These investments underscore PVP's commitment to fostering innovation that addresses critical industrial needs and creates significant market value.

Investor Profile

Phoenix Venture Partners has backed more than 47 startups, with 2 new investments in the last 12 months alone. The firm has led 21 rounds, about 45% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Japan.
  • Strong thematic focus on Manufacturing, Biotechnology, Software.
  • Led 1 rounds in the past year.
  • Typical check size: $3M – $10M.

Stage Focus

  • Series A (38%)
  • Series B (30%)
  • Seed (9%)
  • Series Unknown (6%)
  • Series C (6%)
  • Series D (4%)
  • Series E (2%)
  • Pre Seed (2%)
  • Convertible Note (2%)

Country Focus

  • United States (87%)
  • Canada (6%)
  • Japan (2%)
  • Germany (2%)

Industry Focus

  • Manufacturing
  • Biotechnology
  • Software
  • Health Care
  • Artificial Intelligence (Ai)
  • Electronics
  • Life Science
  • Biopharma
  • Chemical
  • Advanced Materials
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Phoenix Venture Partners frequently co-invest with?

Ocado Group
Europe, Hertford, United Kingdom, Hatfield
Co-Investments: 2
GSR Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Stratasys
North America, Minnesota, United States, Eden Prairie
Co-Investments: 2
Oregon Venture Fund
North America, Oregon, United States, Portland
Co-Investments: 3
CR
North America, New Mexico, United States, Santa Fe
Co-Investments: 3
Syensqo Ventures
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
1955 Capital
North America, California, United States, Los Altos
Co-Investments: 2
Air Street Capital
Europe, England, United Kingdom, London
Co-Investments: 2
BI
North America, Ohio, United States, Columbus
Co-Investments: 2
KBI Biopharma
North America, North Carolina, United States, Durham
Co-Investments: 2

Which angels does Phoenix Venture Partners often collaborate with?

FN
North America, California, United States, Menlo Park
Shared Deals: 1
JM
North America, Massachusetts, United States, Cambridge
Shared Deals: 1

What are some of recent deals done by Phoenix Venture Partners?

UbiQD

Los Alamos, New Mexico, United States

UbiQD is an advanced materials company that manufactures low-hazard quantum dots (QDs) and nanocomposites.

Advanced MaterialsManufacturingNanotechnologyQuantum ComputingSemiconductor
Series BApr 22, 2025
Amount Raised: $20,000,000
Qolab

Los Angeles, California, United States

Qolab is a technology company that engaged in research and development of superconducting quantum computers.

Information TechnologySaaSSoftware
Series ADec 20, 2024
Amount Raised: $16,000,000
Inkbit

Medford, Massachusetts, United States

Inkbit creats a next-generation additive manufacturing platform that combines 3D printing with machine vision.

3D Printing3D TechnologyMachine LearningManufacturingSoftware
Series UnknownMay 3, 2024
Amount Raised: $18,799,998

Trace is the simplest way ever to make AR recordings and experiences for brands, retail, training and more.

Augmented Reality
Pre SeedApr 24, 2024
Amount Raised: $2,000,000

Nanofiber Quantum Technologies is a research and manufacturing company that develops hardware for quantum communications.

Information TechnologyManufacturingMarket ResearchQuantum Computing
Convertible NoteSep 15, 2023
Amount Raised: $8,500,000
FIGUR8

Boston, Massachusetts, United States

FIGUR8 is a medical software developer of a wearable sensor technology designed for musculoskeletal health.

AppsHealth CareInsurTechiOSSoftware
Series AAug 8, 2023
Amount Raised: $25,000,000
Ubicept

Boston, Massachusetts, United States

Ubicept provides imaging solutions that enables to see in the dark and other challenging environments.

Computer VisionImage RecognitionSoftware
SeedJul 25, 2023
Amount Raised: $8,000,000
Agrology

Alexandria, Virginia, United States

Agrology is a developer of prediction agriculture technology that helps farmers boost crop yields.

AgricultureBiotechnologyFarmingSoftware
SeedNov 28, 2022
Green Theme Technologies

Rio Rancho, New Mexico, United States

Green Theme Technologies is a developer of environmentally-friendly, dry textile finishing technology.

ChemicalManufacturingTextiles
Series BOct 10, 2022
Amount Raised: $5,400,000
Profluent Bio

Berkeley, California, United States

Decoding the language of life with AI

Artificial Intelligence (AI)Biotechnology
SeedAug 25, 2022
Amount Raised: $9,000,000