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Investor profile

UpHonest Capital

Venture Capital · Founded 2016 · San Francisco, United States

Early-stage VC firm focused on partnering with great entrepreneurs to build global companies in China & US

137 portfolio companies Venture Capital · $1.3B invested · 154 investments · Investor rank #2,300 · Last investment 6/2026
Portfolio companies 137 ↑ 60% 5y
Decacorns 2
Thoroughbreds 12 ↑ 40% 5y
01 · Biggest holdings

UpHonest Capital’s biggest current holdings.

The most valuable companies UpHonest 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.

#CompanyEst. stakeValuationEst. value
  1. 1 RipplingDecacorn · Fintech · USA $16.8B
  2. 2 CheckrUnicorn · Legal · USA $4.6B
  3. 3 GrubMarketUnicorn · Food · USA $4.5B
  4. 4 IroncladUnicorn · Legal · USA $3.2B
  5. 5 AstranisUnicorn · Telecom · USA $2.8B
  6. 6 GensparkUnicorn · Enterprise Software · USA $2.6B
  7. 7 TuringUnicorn · Jobs Recruitment · USA $2.2B
  8. 8 MashginUnicorn · Marketing · USA $1.5B
  9. 9 Boom SupersonicUnicorn · Transportation · USA $1.2B
  10. 10 SubstackUnicorn · Media · USA $1.1B
  11. 11 MuxUnicorn · Media · USA $1.0B

Estimated value = UpHonest Capital’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 →

02 · Exits

UpHonest 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 UpHonest Capital’s transaction record.

$1.6B IPO · 2021
Entered Series ANow $7.7BHealth
$2.6B IPO · 2025
Now $4.0BHealth
$1.6B IPO · 2026
Entered Series ANow $2.4BTransportation
Vicarious Surgical
$1.1B IPO · 2021
Entered SeedNow $4.0MHealth
03 · Portfolio analysis

Where UpHonest Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 137 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA177
  2. Canada7
  3. China6
  4. UK3
  5. Hong Kong2
  6. France1
  7. Germany1
  8. Malaysia1
  9. Singapore1
  10. Ukraine1
By sectorCount
  1. Fintech31
  2. Enterprise Software27
  3. Health26
  4. Food19
  5. Marketing17
  6. Media16
  7. Transportation15
  8. Robotics12
  9. Gaming9
  10. Legal9
  11. Wellness Beauty9
  12. Jobs Recruitment6
By stage enteredCount
  1. Seed103
  2. Series A22
  3. Series B+8
By growth stageCount
  1. Early Growth103
  2. Breakout Stage70
  3. Late Growth28
  4. Mature1
04 · Portfolio market map

Inside UpHonest Capital’s portfolio.

The 60 highest-funded portfolio companies, of 137 tracked.

Rippling
Fintech · Decacorn
$17B
Lime
Transportation · Unicorn
$2.4B
Astranis
Telecom · Unicorn
$2.8B
GrubMarket
Food · Unicorn
$4.5B
Boom Supersonic
Transportation · Unicorn
$1.2B
Genspark
Enterprise Software · Unicorn
$2.6B
Checkr
Legal · Unicorn
$4.6B
BillionToOne
Health · Unicorn
$4.0B
Ironclad
Legal · Unicorn
$3.2B
EVERY
Food
$875M
Rescale
Enterprise Software
$460M
Hims and Hers Health
Health · Unicorn
$7.7B
Turing
Jobs Recruitment · Unicorn
$2.2B
Substack
Media · Unicorn
$1.1B
PACT Pharma
Health
$300M
Mux
Media · Unicorn
$1.0B
Vicarious Surgical
Health
$4.0M
Noah Medical
Health
$600M
Bungalow
Real Estate
$300M
Matternet
Robotics
$225M
Botrista
Food
$280M
Mezmo (formerly Logdna)
Enterprise Software
$200M
Adentro
Food
$51M
Culture Biosciences
Health
$320M
Pyka
Food
$160M
Ooma
Home Living
$654M
PPIO
Hosting
$138M
Square Roots Urban Growers
Food
$164M
Grabango
Enterprise Software
$156M
Torch Labs
Education
$160M
Armory
Enterprise Software
$160M
Node
Enterprise Software
$24M
Zenflow
Health
$157M
Atrium
Legal
Raydiant
Marketing
$150M
Notable Labs
Health
Mashgin
Marketing · Unicorn
$1.5B
Knightscope
Robotics
$28M
Portside
Transportation
$200M
WorkRamp
Education
$160M
Kula Bio
Food
$200M
Outer
Home Living
$200M
Directly
Jobs Recruitment
$44M
Cisco
Telecom · Centicorn
$493B
Leapstack
Health
$330M
Naturebox
Food
$120M
Skyways
Robotics
$60M
Cover
Fintech
$100M
Liquido
Fintech
$104M
Tripalink
Real Estate
$120M
Eastern Standard Times
Media
$140M
NODE
Real Estate
$64M
Paravision
Security
$92M
THETA.tv
Gaming
$39M
C16 Biosciences
Food
$100M
Junzi Kitchen
Travel
$20M
Rebellyous Foods
Food
$48M
Price.com
Fashion
$48M
Transcriptic
Health
$54M
Pop Meals
Food
$72M
05 · Portfolio founders

Where UpHonest Capital’s portfolio founders come from.

168 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 States130
  2. Canada6
  3. China5
  4. United Kingdom4
  5. Malaysia3
  6. Sweden3
  7. Peru2
  8. Spain2
  9. Argentina1
  10. Armenia1
UniversityCount
  1. Stanford University14
  2. Massachusetts Institute of Technology13
  3. University of California, Berkeley10
  4. Harvard Business School8
  5. Harvard University6
  6. Princeton University6
  7. University of Michigan5
  8. Peking University4
  9. University of California, Los Angeles4
  10. Wharton School of the University of Pennsylvania4
Previous companyCount
  1. Alphabet | Google11
  2. Microsoft10
  3. Meta5
  4. Stanford University5
  5. Yahoo!5
  6. Brightcove4
  7. Foundation Capital4
  8. IBM4
  9. BitTorrent3
  10. Boeing3
07 · Key people

Key people at UpHonest Capital.

Source: Dealroom next-gen API — investor team endpoint.