Threshold

Threshold Ventures is a Menlo Park-based early-stage venture capital firm known for its conviction-based investment strategy. The firm spun out of the venerable Draper Fisher Jurvetson (DFJ) in 2019, carrying forward a legacy of backing transformative technology companies. Threshold focuses on leading or co-leading Seed, Series A, and Series B rounds, partnering closely with founders to build enduring businesses across various sectors, including enterprise software, fintech, healthcare IT, and consumer applications.

Threshold's investment philosophy emphasizes a founder-first approach, providing strategic guidance and operational support beyond just capital. Their team comprises seasoned investors and former operators who leverage their deep industry expertise to help portfolio companies navigate growth challenges. The firm has demonstrated consistent fundraising success, closing Threshold Ventures II at $250 million in 2019, followed by Threshold Ventures III at $280 million in 2021, and most recently, Threshold Ventures IV, which secured $300 million in 2023. These successive fund increases highlight their growing capacity and commitment to early-stage investing.

The firm's portfolio boasts a strong track record, including investments in notable companies such as Box, Carta, Doximity, Livongo, and PagerDuty. Threshold typically seeks to be a significant partner in its portfolio companies, often taking a board seat and actively participating in their development. Their initial investment checks generally range from $1 million for promising seed-stage opportunities up to $15 million for leading Series A or B rounds, reflecting their flexible approach to supporting high-potential startups at critical early junctures.