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Pinnacle Ventures

North America, California, United States, Menlo Park

Description

Pinnacle Ventures is a prominent private venture capital firm based in Menlo Park, California, established in 2001. The firm distinguishes itself by primarily offering venture debt alongside equity financing, catering to early-stage companies that have achieved significant operational milestones and are positioned for accelerated growth. Their investment thesis centers on providing flexible capital solutions designed to extend runway, fund growth initiatives, or bridge to subsequent equity rounds, often serving as a less dilutive alternative to traditional equity raises.

The firm strategically targets companies across high-growth sectors, including technology, life sciences, and cleantech. Pinnacle Ventures seeks out businesses that have demonstrated strong market traction, robust revenue streams, and a clear path towards scalability and profitability. Their approach involves a thorough assessment of a company's financial health and growth trajectory, ensuring that their capital infusion can effectively catalyze the next phase of development without excessive dilution for founders and existing shareholders.

Pinnacle Ventures has demonstrated substantial financial backing and commitment to the venture ecosystem, having successfully raised five dedicated funds, each totaling $250 million, accumulating an impressive $1.25 billion in total capital under management since its inception. This substantial capital base enables the firm to deploy significant resources into its portfolio companies. While specific check sizes can vary based on the company's needs and stage, Pinnacle Ventures typically provides initial investments ranging from approximately $5 million to $20 million, aligning with the capital requirements of growth-stage companies seeking substantial non-dilutive or minimally dilutive financing. This strategic deployment of capital underscores their role in supporting the scaling of innovative enterprises.

Investor Profile

Pinnacle Ventures has backed more than 85 startups, with 2 new investments in the last 12 months alone. The firm has led 14 rounds, about 16% of its total and boasts 37 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Brazil, Canada.
  • Strong thematic focus on Biotechnology, Software, Information Technology.
  • Led 2 rounds in the past year.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series C (28%)
  • Series B (21%)
  • Series D (16%)
  • Series Unknown (9%)
  • Seed (7%)
  • Debt Financing (6%)
  • Series A (4%)
  • Series G (4%)
  • Series E (2%)
  • Post Ipo Equity (1%)

Country Focus

  • United States (88%)
  • Brazil (5%)
  • Canada (2%)
  • United Kingdom (2%)
  • Australia (1%)
  • Singapore (1%)

Industry Focus

  • Biotechnology
  • Software
  • Information Technology
  • Health Care
  • Internet
  • Medical Device
  • Advertising
  • Electronics
  • Semiconductor
  • Mobile Apps
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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 Pinnacle Ventures frequently co-invest with?

New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 10
Norwest Venture Partners
North America, California, United States, Palo Alto
Co-Investments: 5
Versant Ventures
North America, California, United States, Menlo Park
Co-Investments: 5
DAG Ventures
North America, California, United States, Palo Alto
Co-Investments: 5
Redpoint
North America, California, United States, Menlo Park
Co-Investments: 14
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 6
Greylock
North America, California, United States, Menlo Park
Co-Investments: 14
Redpoint eventures
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 7
VantagePoint Capital Partners
North America, California, United States, San Bruno
Co-Investments: 6
Benchmark
North America, California, United States, San Francisco
Co-Investments: 11

Which angels does Pinnacle Ventures often collaborate with?

Dave Goldberg
North America, California, United States
Shared Deals: 1
GR
North America, California, United States, San Francisco
Shared Deals: 1
AN
North America, New York, United States, New York
Shared Deals: 1
David Limp
North America, Washington, United States, Seattle
Shared Deals: 1
NJ
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
FN
North America, California, United States, Menlo Park
Shared Deals: 1
JW
North America, California, United States, Menlo Park
Shared Deals: 1
AK
North America, North Carolina, United States, Raleigh
Shared Deals: 1
Mark Perry
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Pinnacle Ventures?

VOOX

Singapore, Central Region, Singapore

VOOX is the AI - Driven Exchange that knows you best and secures cold storage solutions to protect your digital assets.

Series UnknownJan 10, 2025
Amount Raised: $50,000,000
Stem Lingo

Arlington, Virginia, United States

LINGO coding kits are designed to teach youth aged 13+ about the fundamentals of hardware and software design.

SeedOct 31, 2024
Amount Raised: $2,250,000
Nextdoor

San Francisco, California, United States

Nextdoor is a private social networking platform that connects neighbors for them to exchange helpful information, goods, and services.

CivicTechCommunitiesInternetMobile AppsSocial Media
Post Ipo EquityJan 17, 2023
Amount Raised: $18,600,000
Functionland

Toronto, Ontario, Canada

Breaking the monopoly of central cloud storage.

BlockchainCloud ComputingConsumer ElectronicsCryptocurrencySoftware
SeedJan 25, 2022
Amount Raised: $1,100,000
Alphadex

Coral Bay, Western Australia, Australia

Alphadex is the ultimate cross-chain AMM, incubator and NFT launchpad powered by Moonriver.

GamingInformation TechnologyNetwork Security
SeedJan 18, 2022
Amount Raised: $3,000,000
CloudPay

Andover, Hampshire, United Kingdom

CloudPay provides global payroll, treasury, and on-demand pay solutions to multinational organizations.

Big DataBookkeeping and PayrollCloud InfrastructureFinancial ServicesFinTechHuman ResourcesInformation TechnologyPaymentsSaaSTechnical Support
Series CMay 3, 2018
Amount Raised: $25,000,000
Tala Security

Fremont, California, United States

Tala provides security solutions to protect enterprise websites against formjacking, magecart, and advanced attacks.

Cyber SecurityInformation TechnologySecuritySoftware
SeedNov 6, 2017
Amount Raised: $2,636,601
OpsClarity

Sunnyvale, California, United States

Intelligent Monitoring for Modern Applications and Data Infrastructure

Big DataCloud InfrastructureDevOpsInformation Technology
Series ADec 3, 2015
Amount Raised: $11,000,000
TeleStax

Austin, Texas, United States

Telestax is a communications platform that offers CPaaS services to businesses and developers.

Enterprise SoftwareOpen SourceTelecommunications
Series UnknownOct 2, 2015
Amount Raised: $1,200,000
PSafe Technology

San Francisco, California, United States

PSafe develops Internet security software for mobile devices in Latin America.

AndroidCloud ComputingCyber SecurityInformation TechnologyMobile AppsSecuritySoftware
Series DJul 5, 2015
Amount Raised: $30,000,000