Product Reports Resources Pricing Login Book a demo
Investor profile

Meritech Capital

Private Equity, Venture Capital · Founded 1999 · Palo Alto, United States

Private equity company focused only on late growth stage companies

195 portfolio companies Private Equity, Venture Capital · $24B invested · 312 investments · Investor rank #102 · Last investment 8/2026
Portfolio companies 195 ↑ 14% 5y
Decacorns 16
Thoroughbreds 81 ↑ 15% 5y
01 · Biggest holdings

Meritech Capital’s biggest current holdings.

The most valuable companies Meritech Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Meritech Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 Flock SafetyUnicorn · Security · USA 6.5% $7.5B $488M
  2. 2 CartaUnicorn · Legal · USA 8.5% $7.4B $629M
  3. 3 DataRobotUnicorn · Enterprise Software · USA $6.3B
  4. 4 Lyra HealthUnicorn · Health · USA $5.8B
  5. 5 VerkadaUnicorn · Security · USA $5.8B
  6. 6 LumilensUnicorn · Semiconductors · USA $5.5B
  7. 7 PersonioUnicorn · Jobs Recruitment · Germany $5.0B
  8. 8 IcertisUnicorn · Security · USA 6.5% $5.0B $325M
  9. 9 FalUnicorn · Media · USA $4.5B
  10. 10 OutreachUnicorn · Telecom · USA $4.4B
  11. 11 PennylaneUnicorn · Fintech · France $4.0B
  12. 12 ClickUpUnicorn · Enterprise Software · USA $4.0B

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

02 · Exits

Meritech Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Meritech Capital’s transaction record.

$104B IPO · 2012
Entered Series B+Now $1.5TMedia
$1.1B IPO · 2004
Entered Series B+Now $188BMarketing
$68B IPO · 2020
Entered Series B+Now $114BHosting
$805M IPO · 2009
Now $114BSecurity
$7.8B IPO · 2019
Entered Series B+Now $80BEnterprise Software
$2.6B IPO · 2006
Entered Series B+Now $69BTelecom
$45B IPO · 2021
Entered Series B+Now $26BGaming
$36B IPO · 2021
Entered Series B+Now $6.6BEnterprise Software
$33B IPO · 2017
Entered Series B+Now $11BMedia
CA Technologies
IPO · 2013
Entered Series B+Now $19BEnterprise Software
$3.0B IPO · 2013
Entered Series B+Now $16BEnterprise Software
$325M IPO · 2012
Entered Series B+Now $12BSecurity
03 · Portfolio analysis

Where Meritech Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 195 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA195
  2. Germany5
  3. Israel3
  4. France2
  5. Netherlands2
  6. UK2
  7. Bahamas1
  8. Belgium1
  9. Brazil1
  10. Canada1
  11. China1
  12. Hong Kong1
By sectorCount
  1. Enterprise Software91
  2. Security33
  3. Fintech29
  4. Telecom22
  5. Health20
  6. Marketing19
  7. Media15
  8. Transportation9
  9. Hosting6
  10. Jobs Recruitment6
  11. Gaming5
  12. Semiconductors5
By stage enteredCount
  1. Series B+169
  2. Series A23
  3. Seed2
By growth stageCount
  1. Late Growth147
  2. Breakout Stage61
  3. Early Growth6
  4. Mature6
04 · Portfolio market map

Inside Meritech Capital’s portfolio.

The 60 highest-funded portfolio companies, of 195 tracked.

Snap
Media · Decacorn
$11B
Meta
Media · Gigacorn
$1.5T
UiPath
Enterprise Software · Unicorn
$6.6B
FTX
Fintech
Pivotal
Hosting · Unicorn
$2.7B
NeueHealth
Health
$60M
Lime
Transportation · Unicorn
$2.4B
Snowflake
Hosting · Centicorn
$114B
Wealthsimple
Fintech · Unicorn
$7.3B
Carta
Legal · Unicorn
$7.4B
DataRobot
Enterprise Software · Unicorn
$6.3B
Cloudera
Security · Unicorn
$5.3B
Mind Robotics
Robotics · Unicorn
$3.4B
Fal
Media · Unicorn
$4.5B
Roblox
Gaming · Decacorn
$26B
True Anomaly
Security · Unicorn
$2.2B
Flock Safety
Security · Unicorn
$7.5B
Element Biosciences
Health · Unicorn
$1.4B
Lumilens
Semiconductors · Unicorn
$5.5B
Filevine
Legal · Unicorn
$3.0B
Niantic Labs
Gaming · Unicorn
$3.5B
Personio
Jobs Recruitment · Unicorn
$5.0B
Nextdoor
Media
$588M
Domo
Marketing
$299M
Lyra Health
Health · Unicorn
$5.8B
Alto Pharmacy
Health · Unicorn
$1.5B
Aledade
Health · Unicorn
$3.5B
Verkada
Security · Unicorn
$5.8B
EGYM
Wellness Beauty · Unicorn
$1.2B
Box
Security · Unicorn
$5.2B
Kajabi
Education · Unicorn
$2.0B
ClickUp
Enterprise Software · Unicorn
$4.0B
Outreach
Telecom · Unicorn
$4.4B
Pendo
Enterprise Software · Unicorn
$2.6B
DataStax
Enterprise Software · Unicorn
$1.6B
Pennylane
Fintech · Unicorn
$4.0B
Persona
Security · Unicorn
$2.0B
Icertis
Security · Unicorn
$5.0B
Ethos Life
Health · Unicorn
$2.7B
Pigment
Fintech · Unicorn
$1.0B
Astronomer
Enterprise Software · Unicorn
$1.1B
Vonage
Telecom · Decacorn
$69B
Aviatrix Systems
Security · Unicorn
$2.0B
Webflow
Media · Unicorn
$4.0B
Auth0
Security · Unicorn
$6.5B
Newfront
Fintech · Unicorn
$2.2B
Sonendo
Health
$11M
Extend
Fintech · Unicorn
$1.6B
Force10 Networks
Security
$120M
FloQast
Fintech · Unicorn
$1.6B
Anaplan
Enterprise Software · Decacorn
$11B
Tintri Inc
Enterprise Software
$60M
YugaByte
Security · Unicorn
$1.3B
Huntress
Security · Unicorn
$1.5B
Lynda
Education · Unicorn
$1.5B
ServiceMax
Enterprise Software · Unicorn
$1.5B
Segment
Telecom · Unicorn
$3.2B
Looker.com
Enterprise Software · Unicorn
$2.6B
SimpliVity
Enterprise Software
$650M
SendBird
Marketing · Unicorn
$1.1B
05 · Portfolio founders

Where Meritech Capital’s portfolio founders come from.

176 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States131
  2. France7
  3. United Kingdom7
  4. Germany5
  5. Israel4
  6. Canada2
  7. India2
  8. Netherlands2
  9. Pakistan2
  10. Singapore2
UniversityCount
  1. Massachusetts Institute of Technology14
  2. Stanford University14
  3. Harvard University7
  4. University of California, Berkeley6
  5. Stanford University Graduate School of Business4
  6. Technical University Munich4
  7. UC Berkeley, Haas Business School4
  8. University of Pennsylvania4
  9. University of Texas at Austin4
  10. Brown University3
Previous companyCount
  1. Microsoft12
  2. Alphabet | Google9
  3. IBM7
  4. Meta7
  5. Oracle4
  6. Sun Microsystems4
  7. Amazon3
  8. Chegg3
  9. Cheggindia3
  10. Climate Pledge Fund3