WestCap

WestCap is a New York-based strategic operating and investing firm founded by Laurence Tosi, a former CFO of Airbnb and Blackstone. The firm distinguishes itself through its dual approach, combining significant capital deployment with deep operational expertise to support its portfolio companies. WestCap primarily focuses on tech-enabled, asset-light marketplaces, seeking out businesses that have achieved product-market fit and are poised for substantial growth. Their investment philosophy is rooted in leveraging the operational insights of its team, many of whom have held executive roles at leading technology companies, to help scale and optimize their investments.

The firm's investment strategy centers on growth equity and late-stage venture opportunities. WestCap targets companies that demonstrate strong unit economics, scalable business models, and significant market potential. Their portfolio reflects this focus, including notable investments in companies like Hopper, Icertis, and Addepar, among others. WestCap aims to be more than just a capital provider, actively partnering with founders and management teams to navigate complex growth challenges, optimize operations, and expand market reach.

WestCap commands substantial capital, as evidenced by the successful close of its WestCap Strategic Operator Fund II at $2.5 billion in 2022. This followed their inaugural WestCap Strategic Operator Fund I, which closed at $1.2 billion in 2020. These significant fund sizes enable WestCap to make substantial commitments to its portfolio companies. Typically, WestCap's first checks for new investments range from $25 million to $150 million, reflecting their focus on leading or co-leading significant growth rounds. For instance, they led a $175 million Series G round for Hopper, demonstrating their capacity for large-scale investments in high-growth companies. Their robust capital base, combined with their hands-on operational support, positions WestCap as a powerful partner for late-stage technology companies seeking to accelerate their expansion.