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Investor profile

Meritech Capital

Investment firm · Founded 1999 · Active in 2026

Meritech Capital is an investment firm based in USA, founded in 1999. The page below shows 104 Power Law outcomes from Meritech Capital's portfolio — 94 unicorns ($1B+ valuation) and 5 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Other B2B Software · Cybersecurity · Fintech; top portfolio geographies are USA · Germany · Netherlands. Meritech ranks #107 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

104 Power Law outcomes Power Law Ranking #107 · Global · 104 Power Law outcomes · Active 2026
Unicorns ↑ 24% 5y
94
Decacorns ↓ 8% 5y
11
Thoroughbreds ↑ 35% 5y
82
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 104 Meritech Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA95
  2. Germany3
  3. Netherlands2
  4. France2
  5. Canada1
  6. China1
By sectorCount
  1. Other B2B Software26
  2. Cybersecurity24
  3. Fintech12
  4. Marketing12
  5. AI10
  6. Health Tech & Medtech5
  7. Biotech & Life Sciences3
  8. Other3
  9. eCommerce & Marketplaces3
  10. Transportation3
  11. Edtech2
  12. Robotics1
By stage enteredCount
  1. Series B+96
  2. Series A4
Estimated holdings

Meritech’s biggest current holdings.

An estimate of Meritech’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 17 companies where Meritech is a named shareholder, worth about $3.9B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 CartaFintech · Unicorn 8.5% $7.4B $629M
  2. 2 Flock SafetySecurity · Unicorn 6.5% $7.5B $488M
  3. 3 AledadeHealth · Unicorn 10.5% $3.5B $368M
  4. 4 ClayEnterprise Software · Unicorn 11.5% $3.1B $356M
  5. 5 IcertisSecurity · Unicorn 6.5% $5.0B $325M
  6. 6 FilevineEnterprise Software · Unicorn 9.5% $3.0B $285M
  7. 7 5.5% $4.5B $248M
  8. 8 4.2% $5.8B $246M
  9. 9 3% $6.3B $189M
  10. 10 3.5% $5.0B $175M
  11. 11 6.5% $2.6B $169M
  12. 12 8.5% $1.6B $136M

Showing the 12 largest of 17 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Meritech’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Meritech also appears inside investor groups in Kalshi, N8n, Persona, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Meritech’s biggest exits.

Meritech portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2012
Entered Series B+Now $1.6T
IPO · 2004
Entered Series B+Now $155B
IPO · 2009
Entered Series B+Now $95.3B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$7.8B IPO · 2019
Entered Series B+Now $75.7B
IPO · 2006
Entered Series B+Now $70.0B
$45.0B IPO · 2021
Entered Series B+Now $33.1B
$27.0B IPO · 2021
Entered Series B+Now $4.3B
$16.0B IPO · 2017
Entered Series B+Now $10.9B
IPO · 2013
Entered Series B+Now $15.7B
IPO · 2012
Entered Series B+Now $12.3B
$1.4B IPO · 2018
Entered Series B+Now $10.7B
IPO · 2007
Now $9.3B
$3.9B IPO · 2020
Entered Series B+Now $8.2B
$1.7B IPO · 2016
Entered Series B+Now $7.5B
IPO · 2015
Entered Series B+Now $6.9B
$6.5B acquisition · 2021
Entered Series B+
$1.5B IPO · 2017
Entered Series B+Now $6.5B
IPO · 2011
Entered Series B+Now $6.0B
$5.9B IPO · 2021
Entered Series B+Now $2.4B
$4.1B IPO · 2017
Entered Series B+Now $5.3B
IPO · 2011
Entered Series B+Now $5.2B
$4.3B IPO · 2021
Entered Series B+Now $543M
IPO · 2015
Entered Series B+Now $4.1B

+22 more $1B+ exits on the full Dealroom profile.

04 · Portfolio market map

Meritech's 104 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
104 of 104 Power Law outcomes
05 · Power Law comparison

How does Meritech stack up?

Meritech in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

242 founders across the 104 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Microsoft are the deepest single pipelines.

LocationCount
United States112
France20
Germany17
India14
Canada10
Russia7
Israel6
Turkey6
Egypt5
Poland5
+9 more →
UniversityCount
Stanford University17
Massachusetts Institute of Technology13
Berkeley9
Harvard University8
Ludwig Maximilian University of Munich6
École Polytechnique - IP Paris5
Technical University Munich5
Carnegie Mellon University5
University of Waterloo4
Sorbonne University4
+102 more →
Origin companyCount
Microsoft17
Alphabet | Google15
Meta13
Amazon5
Dropbox4
Yahoo!4
Booking.com4
DocuSign3
Apple3
Netscape2
+69 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Meritech Capital

An AI-synthesized read of the highest-engagement posts about Meritech on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Meritech Capital

Recent press, funding announcements, and portfolio moves mentioning Meritech — pulled live from Dealroom's news feed.

See all news

Want the full picture on Meritech Capital?

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