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Obvious Ventures

Venture capital firm · Founded 2014 · Active in 2026

Obvious Ventures is a venture capital firm based in USA, founded in 2014. The page below shows 14 Power Law outcomes from Obvious Ventures's portfolio — 12 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Health Tech & Medtech · Biotech & Life Sciences · Transportation; top portfolio geographies are USA · Germany. Obvious ranks #473 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

14 Power Law outcomes Power Law Ranking #473 · Global · 14 Power Law outcomes · Active 2026
Unicorns ↑ 20% 5y
12
Decacorns → 0% 5y
1
Thoroughbreds ↑ 67% 5y
6
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 14 Obvious Power Law outcomes ($100M+ revenue or $1B+ valuation).

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

By countryCount
  1. USA13
  2. Germany1
By sectorCount
  1. Health Tech & Medtech4
  2. Biotech & Life Sciences3
  3. Transportation2
  4. Other2
  5. Fintech1
  6. Robotics1
  7. Food1
By stage enteredCount
  1. Series B+3
  2. Series A7
  3. Seed2
Estimated holdings

Obvious’ biggest current holdings.

An estimate of Obvious’ largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 3 companies where Obvious is a named shareholder, worth about $441M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Devoted HealthHealth · Decacorn 2% $12.9B $258M
  2. 2 Virta HealthHealth · Unicorn 6% $2.0B $120M
  3. 3 MedableHealth · Unicorn 3% $2.1B $63M

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

Obvious’ biggest exits.

Obvious 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.

$3.8B IPO · 2019
Entered Series B+Now $715M
$3.5B IPO · 2021
Entered Series ANow $226M
$2.7B IPO · 2021
Entered Series ANow $1.0B
$2.0B buyout · 2022
Entered Series B+
$1.6B IPO · 2021
Now $210M
04 · Portfolio market map

Obvious's 14 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
14 of 14 Power Law outcomes
05 · Power Law comparison

How does Obvious stack up?

Obvious 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.

30 founders across the 14 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and X. are the deepest single pipelines.

LocationCount
United States14
India2
Finland2
Argentina1
Canada1
View on app →
UniversityCount
Stanford University7
University of New Mexico4
University of Texas at Austin2
Harvard University2
Providence College2
Universidad Nacional de Córdoba1
Vanier College1
Technical University of Denmark1
Indian Institute of Information Technology Vadodara1
Rensselaer Polytechnic Institute1
+3 more →
Origin companyCount
X.2
Castlight Health2
athenahealth2
Trulia1
Bitsight1
Shipwell1
Globant1
SMS Assist1
Vonage1
Microsoft1
+5 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 Obvious Ventures

An AI-synthesized read of the highest-engagement posts about Obvious 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 Obvious Ventures

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

See all news

Want the full picture on Obvious Ventures?

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