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Investor profile

Section 32

Venture capital firm · Founded 2017 · Active in 2026

Section 32 is a venture capital firm based in USA, founded in 2017. The page below shows 35 Power Law outcomes from Section 32's portfolio — 33 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Biotech & Life Sciences · Health Tech & Medtech · Fintech; top portfolio geographies are USA · Canada · UAE. Section 32 ranks #458 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

35 Power Law outcomes Power Law Ranking #458 · Global · 35 Power Law outcomes · Active 2026
Unicorns ↑ 22% 5y
33
Decacorns ↓ 25% 5y
3
Thoroughbreds ↑ 23% 5y
18
01 · Exits

Section 32’s biggest exits.

Section 32 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.

$6.6B IPO · 2019
Entered Series B+Now $164B
$73.6B IPO · 2021
Entered Series B+Now $46.0B
$15.7B IPO · 2019
Entered Series B+Now $23.4B
$11.0B IPO · 2021
Entered Series B+Now $12.7B
IPO · 2013
Entered Series B+Now $5.3B
$1.7B IPO · 2020
Entered Series B+Now $3.7B
$3.5B IPO · 2021
Now $150M
$3.4B acquisition · 2019
Entered Series B+
$45M IPO · 2022
Entered Series ANow $3.0B
$1.7B IPO · 2021
Entered Series B+Now $2.5B
$1.7B IPO · 2020
Entered Series B+Now $2.3B
$2.2B IPO · 2019
Entered Series B+Now $1.2B
$2.2B acquisition · 2020
Entered Series A
$2.0B IPO · 2021
Entered Series B+Now $2.0B
$1.9B acquisition · 2018
Entered Series B+
$1.8B IPO · 2025
Entered Series B+Now $1.8B
$1.5B IPO · 2019
Entered Series ANow $61M
$1.3B IPO · 2019
Entered Series B+Now $75M
03 · Portfolio analysis

The 35 Section 32 Power Law outcomes ($100M+ revenue or $1B+ valuation).

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

By countryCount
  1. USA33
  2. Canada1
  3. UAE1
By sectorCount
  1. Biotech & Life Sciences16
  2. Health Tech & Medtech4
  3. Fintech4
  4. Cybersecurity3
  5. AI3
  6. Transportation2
  7. Food1
  8. Other1
  9. Other B2B Software1
By stage enteredCount
  1. Series B+27
  2. Series A6
Estimated holdings

Section 32’s biggest current holdings.

An estimate of Section 32’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 4 companies where Section 32 is a named shareholder, worth about $796M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 SandboxAQSecurity · Unicorn 6% $5.8B $345M
  2. 2 CohereEnterprise Software · Decacorn 1.5% $20.0B $300M
  3. 3 DialpadEnterprise Software · Unicorn 5.5% $2.2B $121M
  4. 4 FreenomeHealth · Unicorn 2% $1.5B $30M

Estimated value = Section 32’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

04 · Portfolio market map

Section 32's 35 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
35 of 35 Power Law outcomes
05 · Power Law comparison

How does Section 32 stack up?

Section 32 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 Section 32's portfolio founders come from — and where they studied.

101 founders across the 35 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States37
Italy7
Canada5
Germany5
Taiwan4
Austria3
Iran3
New Zealand3
Pakistan2
Russia1
+4 more →
UniversityCount
Stanford University7
University of Cambridge5
Berkeley4
Massachusetts Institute of Technology4
University of Pisa3
University of Pennsylvania3
Harvard University3
Duke University3
Harvard Business School3
Sant'Anna School of Advanced Studies2
+41 more →
Origin companyCount
Alphabet | Google11
Yahoo!5
Microsoft4
Meta3
Rubicon2
Tesla2
GoHealth1
Coinbase1
Airbnb1
The Boring Company1
+19 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 Section 32

An AI-synthesized read of the highest-engagement posts about Section 32 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 Section 32

Recent press, funding announcements, and portfolio moves mentioning Section 32 — pulled live from Dealroom's news feed.

See all news

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