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Western Technology Investment

North America, California, United States, Portola Valley

Description

Western Technology Investment (WTI) is a highly established and specialized venture capital firm based in Portola Valley, United States, renowned for its focus on providing venture debt to technology and life sciences companies. Founded in 1980, WTI has built a formidable reputation as a leading provider of non-dilutive growth capital, offering an alternative financing solution to traditional equity rounds. Its long operational history, spanning over four decades, underscores its deep expertise and stability in the venture ecosystem, making it a pivotal player for companies seeking flexible funding without relinquishing equity.

WTI's investment strategy primarily targets revenue-generating firms or those with significant venture equity backing, distinguishing it from early-stage equity investors. The firm specializes in offering acquisition financing, working capital, and bridge loans, which are crucial for companies looking to extend their cash runway, fund strategic initiatives, or navigate market cycles without further diluting existing shareholders. This approach is particularly attractive to founders and early investors who wish to preserve their ownership stakes while still accessing substantial capital for growth and operational needs.

Over its extensive history, WTI has deployed over $10 billion in capital across more than 1,000 companies, demonstrating its significant impact and reach within the innovation economy. The firm's typical first check sizes range from $500,000 to over $100 million, showcasing its capacity to support a wide spectrum of companies, from those in their growth stages to more mature enterprises requiring substantial capital injections. WTI's consistent presence and flexible financing options have made it a go-to partner for venture-backed companies across various sectors within technology and life sciences, solidifying its position as a cornerstone of the venture debt landscape.

Investor Profile

Western Technology Investment has backed more than 393 startups, with 5 new investments in the last 12 months alone. The firm has led 40 rounds, about 10% of its total and boasts 139 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Debt Financing, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Nigeria.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $100M.

Stage Focus

  • Seed (21%)
  • Debt Financing (19%)
  • Series A (18%)
  • Series Unknown (15%)
  • Series B (11%)
  • Series C (6%)
  • Series D (5%)
  • Series E (2%)
  • Pre Seed (1%)
  • Post Ipo Debt (1%)

Country Focus

  • United States (89%)
  • Canada (3%)
  • Nigeria (2%)
  • Israel (2%)
  • United Kingdom (1%)
  • Singapore (1%)
  • Mexico (1%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • E-commerce
  • Medical
  • Saas
  • Internet
  • Mobile
  • Manufacturing
  • Analytics
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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 Western Technology Investment frequently co-invest with?

Floodgate
North America, California, United States, Palo Alto
Co-Investments: 8
First Round Capital
North America, California, United States, San Francisco
Co-Investments: 10
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 14
Great Oaks Venture Capital
North America, New York, United States, New York
Co-Investments: 8
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 8
Streamlined Ventures
North America, California, United States, Palo Alto
Co-Investments: 8
Social Capital
North America, California, United States, Menlo Park
Co-Investments: 9
Venrock
North America, California, United States, Palo Alto
Co-Investments: 8
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 7
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 14

Which angels does Western Technology Investment often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 3
SB
North America, California, United States, San Francisco
Shared Deals: 4
RH
North America, California, United States, San Francisco
Shared Deals: 4
MW
North America, California, United States, Portola Valley
Shared Deals: 3
MS
North America, California, United States, San Francisco
Shared Deals: 4
JF
North America, New York, United States, New York
Shared Deals: 2
PL
Europe, Ile-de-France, France, Paris
Shared Deals: 2
AD
North America, California, United States, San Francisco
Shared Deals: 2
SP
North America, California, United States, San Francisco
Shared Deals: 3
KA
North America, Indiana, United States, Indianapolis
Shared Deals: 2

What are some of recent deals done by Western Technology Investment?

SkySQL

Uusimaa, Southern Finland, Finland

SkySQL is a software company that provides databases and backup services.

Data ManagementDatabaseSecuritySoftwareSoftware Engineering
SeedDec 11, 2024
Amount Raised: $6,600,000
Innventure

Orlando, Florida, United States

Innventure is a provider of a global open-architecture venture platform.

ArchitectureConstructionVenture Capital
Post Ipo DebtOct 23, 2024
Amount Raised: $50,000,000
Carbon Ridge

Los Angeles, California, United States

Carbon Ridge is a technology that offers a fuel-independent method to decarbonize ships.

Service IndustryShipping
Series UnknownOct 22, 2024
Amount Raised: $9,500,000
Owlet Baby Care

Lehi, Utah, United States

Owlet Baby Care offers a health monitor that allows parents to view their child's vital signs in real-time.

BabyConsumer ElectronicsHealth CareSoftware
Post Ipo DebtSep 11, 2024
Amount Raised: $35,000,000
Joy

Oakland, California, United States

Joy is a parenting platform that provides essential services and memories for young families.

Consumer SoftwareParentingSubscription Service
SeedJul 24, 2024
Amount Raised: $10,000,000
Climate X

London, England, United Kingdom

A global climate risk data analytics company.

BankingCommercial Real EstateEnvironmental ConsultingFinTechGovernmentProperty DevelopmentReal EstateReal Estate InvestmentSaaSSoftware
Series AJun 26, 2024
Amount Raised: $17,669,361
Cosmos Innovation

Seattle, Washington, United States

Cosmos Innovation specialize in full stack software development, product design, cloud hosting, and MVP deployment.

Artificial Intelligence (AI)Renewable EnergySolar
Series AOct 19, 2023
Amount Raised: $16,800,000
Intuition Robotics

Ramat Gan, Tel Aviv, Israel

Intuition Robotics provides care companion technologies for older adults.

Artificial Intelligence (AI)Human Computer InteractionRoboticsSocialSoftware
Series UnknownAug 29, 2023
Amount Raised: $20,000,000
Terragon Group

Lagos, Lagos, Nigeria

Terragon Group is data and marketing technology company focused on Africa

AnalyticsArtificial Intelligence (AI)BillingContentCRMData CenterMachine LearningMarketingMobileSaaS
Series BJul 27, 2023
Amount Raised: $9,000,000
Helium Health

Lagos, Lagos, Nigeria

Helium Health provides healthcare software for electronic medical records, hospital management, billing/medical loans, and analytics.

Electronic Health Record (EHR)Health CareMedicalPaymentsSoftware
Series BJun 5, 2023
Amount Raised: $30,000,000